10. The report provides a quantitative analysis of the current bubble tea market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing opportunities. Versatility in flavor, health benefits, and social media trends drive the market. Chatime, Gong Cha, Coco Fresh Tea & Juice, and Lollicup USA, Inc. are the leading players in the market. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: The Hot Drinks market segment, Tea, consists of black tea, green tea and mate sold in tea bags or as loose-leaf tea. 'Revenge bubble tea drinking': Shanghai awakes from Covid lockdown Apart from the variety of flavors available, one of the primary elements fueling the expansion of bubble tea Industry is the health benefits. Ready-to-Drink variants are instead aggregated into the segment Ready-to-Drink (RTD) Tea in the Non-Alcoholic Drinks market. One concession owner became popular with her . At the end of the day, its not much worse than an occasional soda would be for the average person, but its important to remember to only have bubble tea once in a while. Australia . Health Reports: Beverage consumption of Canadian adults: Findings This popular sweetened tea is made up of high-quality milk and tapioca pearls, along with fruit powder, creamer, and sweeteners. The percentage of tea that is consumed which is green tea: 15%. Australians drink tea and have afternoon tea and morning tea much the way the British do. Consumption declines with age. Overall, though tea registered. 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. Per Capita Global Tea Consumption Patterns Americans consume more than 50 billion servings of tea a year, nearly 85% of which is iced. 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. When you look at the marketing for bubble tea, the numbers make sense. Very Popular Bubble Tea - Allrecipes 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. An Infographic Representation of Bubble Tea Market, To get information on various segments, share your queries with us. Pune, India, Oct. 26, 2021 (GLOBE NEWSWIRE) -- The global bubble tea market size is expected to reach USD 3.39 billion by 2027 . This is likely due to its naturally sweet flavor and all of the different varieties of teas that are available. Companies covered in bubble tea market report are ChaTime, Bubble Tea Supply Inc., Gong Cha, CoCo Fresh, Quickly, Kung Fu Tea, Tiger Sugar Korea, Boba Loca, Happylemon, Lollicup USA, Inc . Statista. Join over 60,000 Bubblers (that's what we call our lovely customers!) For instance, the base ingredients required for the preparation of black or green tea are exported from India, but due to the imposed regulations, companies were unable to process the demands of the manufacturers. Gapminder Tools Moreover, increase in disposable income and economic growth in advanced & emerging economies support the market growth. +44 208 097 3636. The price for bubble tea depends on where you get it. The Asia Pacific bubble tea market is expected to flourish with multiple market opportunities. A. Remarkable job and great efforts by your research team. According to the CXOs, Europe is projected to register significant growth as compared to Asia-Pacific and North America due to rapid urbanization, rise in consumption of healthy beverages, and low price of bubble tea. Presently, themarket is moving toward growing stage and is expected to garner steady growth in major markets, which include the U.S., Germany, China, India, and Brazil. The other players operating in the global bubble tea market are Bubble Tea Supply Inc., ChaTime, CoCo Fresh, Quickly, Kung Fu Tea, BobaLoca, Happylemon, Share Tea, T Bun International, Fanale Drinks, Grand Chainly, and Huey-Yuhe Enterprise. Virtually any flavor that you can imagine exists with bubble tea. 11. This can be attributed to change in preference of consumers toward healthy beverages and better taste. According to a recent consumer study, 94% of people between ages 20 and 29 have purchased bubble tea within the last 3 months. The adoption of bubble tea has been quite high in mature regions such as the U.S., Canada, and Germany while emerging countries such as China, Brazil, and India are catching up quickly. According to NCBI, healthy and natural ingredients such as green tea help in preventing weight gain and also in inducing weight loss when consumed regularly. 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: [email protected] all Reports: https://www.futuremarketinsights.com/reportsLinkedIn|Twitter|Blogs. However, since the ease of lockdowns, governments have proposed several initiatives and strategies to help the companies in recovering the losses across the globe. The report segments the global bubble tea market based on base ingredient, flavors, component, and region. Lycopene Food Colors Market Growth: The overall demand for lycopene food colors is slated to grow at a prolific CAGR of 10.7% during the forecast 2022-2032, totaling US$ 257 Mn by 2032. Bubble milk tea has emerged as one of Gen Zs trademarks as its consumption is highly witnessed by the young generation as compared to any other age group. 2. Increasing Inclination of Consumers toward Versatile Teas with Innovative Bold Flavors is a Prominent Trend. 01 The first bubble tea came out in the early 1980s. Cook for about 20 minutes. 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 Tea Market Sale, Share, Size, Growth & Forecast -2032 These latest product ranges further act as a marketing strategy to attract a vast consumer base worldwide. Bubble Tea Popularity Statistics Singapore; by palmebre Published: July 20, 2021 (2 days ago) Category. In addition, the growing gastronomic tourism, rising number of health-conscious individuals, and increased social media influences further paved the way toward growing potential. Bubble teas distinct flavor, easy product availability, and numerous varieties offered will help the market to flourish. Who drinks bubble tea? What statistics can tell us about - Australia 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. Revenue in the Tea segment amounts to US$1.40bn in 2023. The region is witnessing a cross-cultural food consumption trend, and the growing health and wellness approach is also expected to boost the growth. The black tea segment is expected to be the leading segment in the global market. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. bubble tea popularity statistics singapore; how many bubble tea brands in singapore; Bubble Tea Popularity Statistics Singapore . About 200 million pounds of tea leaves (bagged & loose) are shipped into the United Millennial Tea Drinking Stats - Tea continues to gain market share in surprising areas. Global Bubble Tea Market Size, Growth, Share, Industry Trends Analysis I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive, Please pass on our sincere thanks to the whole team at Fortune Business Insights. To understand the global market potential, growth, and scope, the market is segmented based on base ingredients (black tea, green tea, oolong tea, white tea, others), flavor (original, flavored (nut-flavored, chocolate, fruit, honey, mocha, caramel, vanilla, coconut), sugar content (regular, reduced sugar/sugar-free) format (ready-to-drink, instant mixes), toppings (pearl, grass jelly, coconut jelly, red bean, multiple/ others), distribution channel (direct (B2B), indirect (B2C) (hypermarket/ supermarket, convenience store, grocery retailers, wholesale, other store-based retailing), online retailing), and region. Due to social media, bloggers documenting their bubble tea experience, and other factors, bubble tea stores continue to flourish and expand their offerings in this region. The manufacturers or entrepreneurs in the boba tea industry are venturing upon the launch of their own restaurants/cafes to attract consumers and fortify their market presence. Thank you Fortune Business Insights for your efforts and prompt response, I had a great experience working with Fortune Business Insights. Tea Market Size, Share & Research Analysis | Forecast, 2020-2027 It is expected to be the fastest growing segment owing to consumers' inclination towards the convenience offered. Bubble Tea Market Size, Share and Trends | Research Report - 2027 However, the chocolate flavor segment is expected to witness highest growth, owing to increase in its popularity of in all age groups for all flavored beverages and rise in awareness of health benefits of chocolate among consumers. Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on thePlant Based Marketthat throws light on potential opportunities andinvestments made in the Global plant based market. Each . Malaysia Coffee & Tea Reports: Our 2023 Malaysia report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Coffee & Tea market. The market is projected to grow from USD 2.29 billion in 2022 to USD 3.78 billion by 2029, exhibiting a CAGR of 7.40% during the forecast period. Malaysia Coffee & Tea Market Research Reports & Analysis page 1 Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes. Furthermore, the shift of millennials toward such products owing to their demand for superior quality tea varieties with unique flavor offerings has aided in the growth. In 2019, the black tea segment accounted for more than half of the share in the total bubble tea market and is expected to grow at a CAGR of 7.50% throughout the forecast period. You can find bubble tea in these countries if youre traveling the world: Taiwan, Japan, South Korea, China, United Kingdom, Australia, Canada, United States, Germany, Mauritius, South Africa, Brazil, and more! The market for Tea segment is expected to show a volume growth of 1.6% in 2024. The Tea segment in Australia is projected to grow by 2.61% (2023-2025) resulting in a market volume of US$1.47bn in 2025. . Boba tea, or "bubble tea," has been around since the late 1980s in Taiwan. This is a list of countries ordered by annual per capita consumption of tea, as of 2016. (Caffeine Informer) 5. Moreover, zero fat and low calorie contents of . Bubble Tea originated in Taiwan in the early 1980's at a small tea stand. The global organic tea market size was USD 820.8 million in 2019 and it is projected to reach USD 1,918.7 million by 2027, exhibiting a CAGR of 11.2% during the forecast period. Rising Raw Material and Transportation Cost Due to the Pandemic to Slow Down the Market Growth. How Much Is the Bubble Tea Industry Worth. Bubble tea is a drink made from tea (usually black tea), milk, syrup, and a special ingredient that captivates the hearts of Chinese people: tapioca pearls. We use cookies to enhance your experience. Bubble tea | Infopedia - National Library Board This was attributed to rise in the fitness conscious people across the globe. List of countries by tea consumption per capita - Wikipedia This is a very good piece of work and will be very helpful to us going forward. The market value of the bubble tea market is anticipated to reach a high of US$ 5.82 billion by the year 2032. In 2016, 19.4 per cent of 16. Meanwhile, Philippinos drink five cups of this tea per month. Read More . 03 Locally called "po po ch," Singapore has sold bubble tea since 1992. Data at LGA level is also presented. The report was very accurate and as per my requirements. Is Running A Bubble Tea Business In S'pore Actually Lucrative? Ask for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-12310. Bubble Tea Popularity Statistics Singapore - Emkan.me Save my name and email in this browser for the next time I comment. Bubble tea brands expected to produce novel and unique products over the forecast period. Thanks for sticking with me in this huge post. When we say that bubble tea is insanely popular, were not joking. Tea - 2023 Data - 2009-2022 Historical - 2024 Forecast - Price - Quote We are happy to help. Bubble tea is a sweet, delicious drink typically made from a tea base that is then mixed with either milk or fruit flavoring. making yummy bubble tea with BBT Club today. According to a recent CLSA survey of consumers, 94% of those aged between 20 and 29 bought boba tea in the last three months, reported Bloomberg (June 24). [email protected]. Six in ten (59.7%) did not usually consume either sugar sweetened or diet drinks. Europe is expected to witness significant growth during the forecast period of 2022 to 2029 because of the increase in the demand for healthy hot beverages in the region. According to the recent report by FMI, based on base ingredient type, the green tea segment is expected to dominate the market over the forecast period. Bubble tea first appeared in Thailand ten years ago, but since has gone out of market trend, staged a strong comeback, and established itself in the region. There was a 3,000% increase in the amount of bubble tea orders in Southeast Asia in 2018. Theres a lot more to bubble tea than meets the eye, and weve discovered all of the reasons that its a global favorite. So, if we live in a postcode that is all expats, we would assume a 70% chance of a bubble tea shop being located there. But did you know that there are six different types of bubble tea? Bubble tea is made by adding fruit syrup or milk to (usually cold) tea and then shaking the . China is projected to exhibit a 7.5% CAGR. 50 Bubble Tea Facts That You Should Know About Moreover, countries such as Japan, China, the U.S., and Canada are the major consumers of pearl milk tea, and have also experienced a slight dip in their growth due to hindrances in production as well as supply chains during the year 2020-21. While bubble tea is enjoyed by people of all ages, it tends to be a global favorite among younger people. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. According to the Food and Agriculture Organization (FAO) of the United Nations, Nigeria is the largest exporter of cassava at 21% of the worlds amount. That number increases when you go up in size to 469 calories and only gets worse as you add in more toppings or extra flavors. Find the most up-to-date statistics and facts on the tea market in Canada. Pour into a glass, and add tapioca. The global market for organic tea is showcasing strong growth principally because of the growing knowledge regarding safer counterparts of organic products among consumers. Asia-Pacific (APAC) dominates the bubble tea market because of the high consumption of the bubble tea within the region. A. The demand for bubble tea is predicted to grow at an impressive rate. Bubble Tea Market Analysis Report 2023 Along with Statistics Figures Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. Over 90% of the tea consumed is Black Tea, about 5% Green Tea, 1% Oolong Tea and the balance flavored, scented, or mixed teas. Synthetic Food Colors Market Outlook: The global synthetic food colors market size is estimated to be valued at US$ 590 Mn in 2022 and is further expected to grow at a CAGR of 6% between 2022 and 2032, surpassing a valuation of US$ 1,066 Mn by the end of 2032. Rising consumption of tea and coffee as nootropic drinks among students and working-class population is a key factor for the market growth. Coffee and tea are the most consumed as well as socially accepted nootropic beverages across the world, and many consumers are highly dependent on such caffeinated drinks before starting their day. However, Europeis expected to grow with the highest CAGR throughout the forecast period, owing toaggressive advertising and celebrity brand endorsement and increasein the awareness of bubble tea in theregion. The Mayo Clinic state that up to 400 mg of caffeine a day is probably safe for most healthy adults. Pour tea, milk, and 4 teaspoons sugar into a cocktail shaker. Bubble Tea Market Share, Size and Industry Growth Analysis 2021-2026 The boba tea trend continued to soar in its originating region and later spread its attractiveness in other western countries, such as Canada and the U.K., and is now considered a mainstay due to its unique formulation. Teamorrow Australia - Northbridge, Western Australia - WorldPlaces The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. Nigeria, specifically, has become a hub for cassava production. The players in the bubble tea market have adopted acquisition as their key development strategy to increase profitability and improve their position in the bubble tea market. Using new techniques such as molecular nitrogenation also adds innovation to the traditional recipe, thus further opening numerous opportunities for the market to bolster growth. Bubble Tea Market Analysis, Growth & Forecast 2027 | Major At what CAGR is the bubble tea market projected to grow in the forecast period (2022-2029)? The drink became popular during the 1990s, just in time for millennials to develop a taste for it. Tea consumption per capita in the UK is 1.3 kg for 2019. 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. Nearly everyone in Thailand enjoys drinking bubble tea, to the point that they have surpassed every other country in the amount that they drink! Toss in the pearl tapioca. 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). In the Philippines alone, orders increased by 3,500 percent from June to December 2018. Asia Pacific is expected to dominate the market during the forecast period. If theres one thing you can count on, its that bubble tea is going to be more popular among women than men. 87% of American millennials drink tea, including bubble tea. 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. The green tea segment was the highest contributor to the market, with $16,362 million in 2019, and is estimated to reach $26,110 million by 2027, at a CAGR of 9.8% during the forecast period. Bubble milk tea has emerged as a cultural icon for the world and symbolizes Taiwans food innovation to promote its existence amidst the food service industry. Originally created in Taiwan in the 1980s, bubble tea has quickly exploded in popularity. 4. The global bubble tea market size was valued at USD 2.17 billion in 2021. Because of its proximity to Taiwan, where bubble tea was created, China quickly became a fan of the sweet beverage. It's common for bubble tea brands to include "cha" in their names, which means "tea" in Chinese. 9. Availability of Other Caffeinated Drinks to Impede Growth. 9. However, excess sugar content in these drinks leading to health issues and trend of coffee consumption are expected to restrict the market growth. Bubble Tea Consumption Statistics (2017-2021) Vs Market Estimations (2022-2032) During 2017-2021, the global bubble tea target market expanded at a value CAGR of 6.3%.. 3. Heycha and Yicha both have similar-sounding names and include refreshing fruit teas as part of their star offerings. Book your free consultation and let our research experts help you with your needs/problems. Countries such as Vietnam and Taiwan are projected to have the largest sales. PDF Global Market Report: Tea - International Institute for Sustainable Required fields are marked *. Bubble tea is a mix of milk, tea, and fruit juice with added bubbly-looking toppings (like tapioca balls). Need to talk to an expert? Market size and forecast, by Flavor, 2020-2028 Healthy Drinking to Spur Bubble Tea Market Demand through 2030, Future The valuation of the out-of-home segment at retail prices means a significant change of the market definition in comparison to earlier iterations of the Consumer Market Outlook, as out-of-home consumption was valued at wholesale prices before. By flavor, the market is classified into coffee, fruit, chocolate, original, and others. Statista. Since our launch, weve worked on more than 1,000 projects for clients around the world. Survey: Millennials, Gen Z Big Fans of Bubble Tea Future Market Insights Global and Consulting Pvt. The Asia Pacific market held the largest share and was valued at USD 0.90 billion in 2021. 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. In 2019, tea revenue globally is about US$214,761m and is expected to grow each year by 6.9% until 2023. For instance, in August 2021, according to a study by the Business Times Newspaper, Southeast Asia spent around USD 3.7 billion on launching milk tea and other similar new drinks, owing to the ever-growing demand from youth. This is a decrease, compared to the growth of about 7.64% per year, registered in 2015-2019. According to a study published in the National Library of Medicine, 2022, chewing tapioca pearls can increase the salivary C-protein (CRP) and calcium (Ca) levels. Emerging countries such as China, India and Brazil growing with the CAGR of 8%, 9.5%, and 8.3% respectively. Reduced sugar/ sugar-free bubble tea will gain traction over the assessment period. Theory seemed to meet reality . Tea Drinkers vs. Coffee Drinkers: 30 Statistics to Know in 2023 Whether youre feeling something sweet, fruity, and refreshing, something soothing and tea-like, or a slushy smoothie like-drink, bubble tea has you covered.
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