Statista. Thailand will emerge as a lucrative market over the forecast period with a CAGR of 8.7%. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); We're Soocial, a leading branding agency with a passion for creating memorable names and internationally-renowned brands. Versatility in flavor, health benefits, and social media trends drive the market. Bubble teas distinct flavor, easy product availability, and numerous varieties offered will help the market to flourish. This, along with the rise in dairy alternatives is fueling market growth of bubble tea in the U.S. China bubble tea market is forecasted to grow at a 7.5% CAGR. From Farmer Welfare and Supply Chain to the Latest Trends, Tea Experts Share Insights. Despite the burgeoning demand for such innovative tea beverages, the wide availability of other caffeinated and conventional drinks, such as coffee and chocolate, coupled with the prominent coffee consumption trends in Western countries, poses a threat to market growth. It should be no surprise then that sugar is a primary ingredient in the drink. How much sugar was consumed? Bubble tea truly is an international drink! Some specialty shops have menus with smaller sizes and prices as low as $2 to $3 per serving. Fortune Business Insights says that the global market size was USD 2.17 billion in 2021 and is projected to reach USD 3.78 billion by 2029. Black tea is the most consumed tea around the world. Interesting Facts. Bakery Products Market Share: The global bakery products market is estimated to reach US$ 235 Mn in 2022. This is likely due to its naturally sweet flavor and all of the different varieties of teas that are available. Almost overnight bubble tea shops popped up around the world in multiple countries that had never had an interest in it before. Tapioca balls or "pearls" are often added to the concoction as well. As per the latest report by FMI, the U.S. bubble tea market is expected to register a 12.4% CAGR during the forecast period. China is projected to exhibit a 7.5% CAGR. Moreover, higher expenditure of consumers on healthy beverages adds to the popularity of bubble tea in theregion. Thank you for contacting us, our sales representative will get in touch with you shortly! To get the sample of bubble tea market report, click on the link (Please paste the link here). For one, there are all of the sweet flavors and fun combinations of ingredients you can get. The report covered all the points and was very detailed. For people aged 71 or older, the figures were substantially lower, at 1,584 grams and 1,532 grams, respectively. Boost your students confidence by putting their results next to the public's Kenya is one of the main global tea exporters and as a result, it is no surprise that Kenyans love their tea, in particular black tea, though in 2022, fruit/herbal tea registered the highest current value growth. Each . With shops all around the world in many major cities, its easy to indulge your bubble tea craving when you want to! Fruit-flavored bubble teas account for the largest percentage of bubble tea consumed at 37%. Girls and women are the primary demographic among bubble tea drinkers, with 95% having tried it. But in case you dont Its tea served with a giant chewy ball of tapioca at the bottom of the cup. The global bubble tea market size was valued at USD 2.17 billion in 2021. Clicking on the following button will update the content below. This segment is expected to grow significantly throughout the forecast period due to its high nutritional value as compared to other flavors, high popularity of tea-based fruity beverages, and high consumer preference. This is for a full-sugar serving that contains 60 g of sugar. | Source: Read More . Apart from this, coffee flavor is also anticipated to hold a strong market share in the forecast period owing to the escalated demand for coffee as a healthy beverage. One kilogram therefore represents 500 cup equivalents. A typical serving of bubble tea at a chain might cost $3 to $5 for a 16- to 20-ounce cup. Based on our analysis, the global market exhibited a slower growth of 2.76% in 2020 as compared to 2019. Apart from the U.S. and Asian countries, the trend of milk tea is also extensively growing amongst individuals residing in the Middle East and Africa. To know how our report can help streamline your business, Speak to Analyst, Shift of Consumers toward Black Tea Due to its Health-Imparting Properties Boosts Market's Performance. Ready to drink tea products have seen a 15x increase in sales and consumption since 2004. A 16 oz serving of bubble tea contains 38 grams of sugar, which is 76% of the recommended daily value. Just over half (52%) of all free sugars consumed were from beverages, led by soft drinks, sports and energy drinks (19%), fruit juice and fruit drinks (13%), with the sugar added to beverages such as tea and coffee contributing 7.3% and . . Bubble tea can be found on every continent today, except for Antarctica, of course! This can be attributed to the rise in awareness regarding healthy lifestyle and higher adoption of healthy beverages by health-conscious consumers. Bubble tea shops, or Boba tea as it is frequently called in America, can be found in almost every major city across the country. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes. Until 2025, the tea market in Philippines is forecast to reach 109.79 million USD (in retail prices), thus increasing at a CAGR of 6.70% per annum for the period 2020-2025. info@pearllemongroup.com. Elementary school children would look forward to buying a cup of refreshing tea after a long, hard day of work and play. 5. An average, medium-sized serving of bubble tea has, on average, 335 calories. Most other Southeastern Asian countries drink three cups monthly on average. FB : Beverages| Pages: 261 | Author(s) : Vaibhav S , Roshan D, Single User License, Five User License & Enterprise User License. Furthermore, there has been an increase in boba stores in the U.S. and Canada, owing to the shift in consumer preferences toward no andlow-alcohol beverages, which has further contributed to the market growth. Bubble teas growing appeal to a younger demographic coupled with its popularity as a nootropic beverage will likely supplement the sales of the tea in the market over the forecast period, says an FMI analyst. All these aspects necessitate the manufacturers to develop premium quality teas by keeping the consumer demands in mind. After experiencing a downfall due to fierce market competition in 2003, the bubble tea market was revived in 2007 with the entry of several foreign brands. Bubble tea (also known as pearl milk tea, bubble milk tea, boba juice, boba tea, or simply boba) is a Taiwanese tea-based drink invented in Tainan and Taichung in the 1980s. The Bubble Tea Club Kit has everything you need to make delicious homemade bubble tea. Bubble tea consumption statistics show that Thais drink six bubble teas per month. For instance, Nextrends Asia 2021 displayed a surge in Taiwans exports of pearl milk teas base ingredients (raw materials, packaging and machinery, and others) which was an increment of 330% as compared to 2018. Tea is considered the second most popular drink of choice worldwide. I hope you learned something from it, even if it was that you should lay off the bubble tea because really, you probably have had enough of that stuff by now. Victorian Government, Department of Health and Human Services. In its latest report, FMI offers an unbiased analysis of the global bubble tea, providing historical data from 2016 to 2020 and forecast statistics for the period 2021-to 2031. This can be attributed to change in preference of consumers toward healthy beverages and better taste. The key players alsorelyon product launch to improve their product portfolio and stay relevant in the global market.The key players profiled in thereport include Bobabox Limited, Bubble Tea House Company, Cuppotee, Fokus Inc., Gong Cha, Lollicup USA, Inc., Sumo's (M) SdnBhd, Ten Ren's Tea Time, The Bubble Tea Company, and Troika JC. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. Moreover, increase in disposable income and economic growth in advanced & emerging economies support the market growth. Some of the most popular fruit flavors include strawberry, blueberry, green apple, pineapple, passion fruit, mango, lemon, watermelon, grape, peach, cantaloupe, banana, and kiwi among others. For instance, in September 2021, Dubai witnessed the opening of various new tea outlets serving bubble tea across the country. Statista. However, the consumption of tea is not as prominent as the popularity of coffee in South American countries such as Argentina and Brazil. July 26, 2022 10:30 ET Besides this, due to its various attributes, such as low-fat and low-calorie content and other several health benefits, such as high antioxidant value, it also boosts the consumption of bubble tea across the domestic and international markets. Our objective was to assess the nutritional profile of popular menu items available through OFD applications in Bangkok, Thailand. Moreover, rise in consumption of flavored bubble tea in young generation fuels thebubble tea market growth. What are the key factors driving the market? The black tea segment is projected to grow at a significant CAGR during the forecast period, owing to its increased preference by health-conscious consumers across every region. Apart from being a healthier alternative, becoming a trending beverage, especially among younger consumers, has also aided market growth for bubble tea. By component, it is classified into flavor, creamer, sweetener, liquid, tapioca pearls, and others. The bubble tea industry is enormous and accounts for one of the fastest-growing food markets in the world today. Future Market Insights Inc.Christiana Corporate,200 Continental Drive,Suite 401, Newark,Delaware - 19713, USAT: +1-845-579-5705Report: https://www.futuremarketinsights.com/reports/bubble-tea-marketFor Sales Enquiries: sales@futuremarketinsights.comBrowse all Reports: https://www.futuremarketinsights.com/reportsLinkedIn|Twitter|Blogs. That is approximately four cups of brewed coffee, 10 cans of cola or two "energy shot . Pune, India, Oct. 26, 2021 (GLOBE NEWSWIRE) -- The global bubble tea market size is expected to reach USD 3.39 billion by 2027 . Consumers are shifting toward natural and organic food and beverage products, which is one of the major factors that would help in the growth of this segment in the market. Market size and forecast, by Flavor, 2020-2028 We selected the top 40 popular menu items from three of the most commonly used OFD applications in 2021. 6. The types include milk tea, black tea, fresh fruit tea, smoothies or milkshakes, fresh milk, and salted cream. The average volume per person in the Tea segment is expected to amount to 0.68kg in 2023. In 2018, there were over 450,000 shops selling bubble tea in China. BBT Club is Australia's leading DIY bubble tea company for anywhere and anytime. 01 The first bubble tea came out in the early 1980s. Tapioca pearls are made from cassava flour, of which Nigeria is the worlds largest exporter (21%). The bubble tea industry is expected to reach $3.39 billion by 2027. The data says that for every additional 1% of expats living in a postcode, we should expect the probability of a bubble tea shop in that postcode to increase by 0.0091 from a baseline of -0.2089. Pearls or boba color varies depending on the additives added to the tapioca and this segment is one of the most trending bubble tea across the world. The closure of Shanghai . Thailand leads in bubble tea consumption at an average of 6 cups per person per day. More people are discovering and enjoying bubble tea every year, however, so these figures may soon change as people age and continue to enjoy their favorite drink. I appreciate the timeliness and responsiveness of you and your team., (applicable to 1 report only for the same license type), The global bubble tea market is projected to grow from $2.29 billion in 2022 to $3.78 billion by 2029, at a CAGR of 7.40% in the forecast period, 2022-2029, 2020 Fortune Business Insights . Market size and forecast, by Base Ingredient, 2020-2028 7.3.9.2. Bubble tea is often seen as a sweet, fruity, and more feminine drink in the western world, particularly with its multi-colored straws and cute cartoon packaging designs. In addition, the growing gastronomic tourism, rising number of health-conscious individuals, and increased social media influences further paved the way toward growing potential. If theres one thing you can count on, its that bubble tea is going to be more popular among women than men. 14. Bubble tea has a milk base and includes ingredients like chewy tapioca balls, or fruit jelly and boba. Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-12310, Explore FMIs Extensive Coverage on Food and Beverage Domain. Request Now ! However, excess sugar content in these drinks leading to health issues and trend of coffee consumption are expected to restrict the market growth. The incredible success of bubble tea in China since 1996. This means, market totals are not comparable to published data from prior years. It is made using green tea, white tea, black tea, or oolong tea. . DUBAI, U.A.E., Aug. 12, 2020 /PRNewswire/ -- The bubble tea market is expected to rise at a year-on-year growth rate of 8% from 2020-2030, opines Future Market Insights in its recent report . A. Bubble Tea Popularity Statistics Singapore; by palmebre Published: July 20, 2021 (2 days ago) Category. It slowly spread throughout Asia before gaining popularity in the U.S. and across the globe. The specialty of milk tea is growing due to its ease of customization with various tea bases and toppings such as jellies, fruit bits, syrups, and tapioca balls. The article shared insights on the bubble tea craze in Southeast Asia. Malaysia Coffee & Tea Reports: Our 2023 Malaysia report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Coffee & Tea market. Bubble tea made a rise in popularity in 2018 with a 3000% increase in orders from Southeast Asia. According to ourlatest study, due to COVID-19 pandemic, the global Bubble Tea market size is estimated to be worth USD 8295.5 million in 2021 and is forecast to a readjusted size of USD 26870 . Health Benefits Associated with Bubble Tea Consumption to Drive the Market Growth . Coffee shop. In addition, aggressive advertisements and celebrity end orsements have also helped the global market to pave its way toward growth. This is far higher than the cost of a similar amount of milk or juice, but the high price does not seem to deter people from making it their go-to beverage. Theory seemed to meet reality . This beverage has undergone a few waves of popularity in Singapore. Overall, though tea registered. This growth is fueled by the perceived health benefits of green tea. In theory, the bubble tea pearls could stick together and form rather difficult to pass blobs, especially when other ingredients are making them thicker and sturdier. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. When you look at the marketing for bubble tea, the numbers make sense. These organizations are focusing on product innovation and targeting the millennial consumer as the group is known for its willingness to experiment with new flavors. Today, millennials, zennials, and gen z account for the vast majority of the countrys bubble tea consumption. Picture via Instagram/yicha_malaysia and myheycha. Porters five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplierbuyer network. Table 1 shows the frequency of bubble tea consumption, and the prevalence of symptoms of depression and anxiety according to the covariates age, gender, sociodemographic and lifestyle factors. 4364..55.011 - Australian Health Survey: Consumption of added sugars, 2011-12. The percentage of tea that is consumed which is green tea: 15%. The price might seem high, but you have to consider everything that goes into making it, which includes: On the surface, bubble tea seems like a simple drink. As of December 2018, GrabFood's bubble tea network encompasses over 1,500 brands with 4,000 outlets throughout . We value them as a research company worthy of building long-term relationships., Well done Fortune Business Insights! Methods: Self-report questionnaires were used to assess bubble tea consumption and mental status. One concession owner became popular with her . This segment does not include herbal tea, instant tea, iced tea or similar tea-derived Ready-to-Drink beverages. And if youre looking for all the facts and figures that back up our claim, you have this blog post. Originally created in Taiwan in the 1980s, bubble tea has quickly exploded in popularity. Industrial Alcohol Market Volume: The global industrial alcohol market size is set to be valued at US$ 110.3 Bn in 2022 and it is expected to grow at a CAGR of 7.6% from 2022 to 2032. In 2019, tea revenue globally is about US$214,761m and is expected to grow each year by 6.9% until 2023. The Tea segment in Australia is projected to grow by 2.61% (2023-2025) resulting in a market volume of US$1.47bn in 2025. . The drink became popular during the 1990s, just in time for millennials to develop a taste for it. Get in touch with us. The prevalence of lifestyle disorders such as obesity and diabetes associated with the hectic lifestyle of consumers has nudged them to shift toward healthy drinks, such as ginger tea and boba teas, due to their easy customization. Ice-blended versions are usually mixed with fruit or syrup, resulting in a slushy consistency. The global bubble tea market size was USD 2.1 billion in 2019 and is expected to register a compounded annual growth rate (CAGR) of 8.9% from 2020 to 2027. Rising consumption of tea and coffee as nootropic drinks among students and working-class population is a key factor for the market growth. Tea in Kenya. Get a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12310. The region is witnessing a cross-cultural food consumption trend, and the growing health and wellness approach is also expected to boost the growth. Among participants, 647 (88%) consumed less . The bubble tea market in Singapore has a long history and is expected to exhibit a prosperous future with a CAGR of 10.7% over the forecast period. More Insights into the Bubble Tea Market Report. Australia . All rights reserved. Grab also reported that on average, Southeast Asians drink an average of four cups of pearl milk tea per person per month. Bubble Tea originated in Taiwan in the early 1980's at a small tea stand. Mineral Premix Market Demand: The global mineral premixes market is expected to reach US$ 761.1 Mn by 2022, accelerating at a CAGR of 8.6% during the forecast period (2022-2032).
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