Asia-Pacific (APAC) dominates the bubble tea market because of the high consumption of the bubble tea within the region. 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. The rise in online food delivery (OFD) applications has increased access to a myriad of ready-to-eat options, which may lead to unhealthier food choices. Book your free consultation and let our research experts help you with your needs/problems. 10. Global Demand for Coffee - Despite the demand for coffee in the United States, the country only ranks 25th in per capita coffee consumption. Introduced to China in the early 1990s, it quickly became one of the most popular drinks in the nation. Australia . The price for bubble tea depends on where you get it. We value them as a research company worthy of building long-term relationships., Well done Fortune Business Insights! Bubble tea brands expected to produce novel and unique products over the forecast period. 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. The value of its market is estimated to be $5.2 billion. page 1 . In addition, due to the presence of artificial preservatives in bubble tea, consumers are changing their preference toward organic beverages, which hampers the growth of the global bubble tea market. Worldwide Tea Statistics. It also offers a detailed analysis of the market size and growth rate for all possible market segments. On the basis of flavor, it is categorized into original flavor, coffee flavor, fruit flavor, chocolate flavor, and others. The mean age of study participants was 24 years and the age range was 18 or older to younger than 30 years. The bubble tea industry is expected to reach $3.39 billion by 2027. Tea stands were set up in front of the schools and would compete for business with the best selling tea. (2.Americans rank 25th for coffee consumption per capita, with an average consumption of 4.2 kg per person per year. Since then, however, bubble tea has expanded across the rest of Asia, and there was a sudden explosion of popularity during 2018, particularly in Singapore. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. Against this backdrop, the market valuation is projected to reach US$ 245 Mn by 2032. 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. 13. Get in touch with us. By 2025, 70% of spending and 10% of volume consumption in the Tea . . 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. The black tea segment is expected to be the leading segment in the global market. By continuing to visit this site you agree to our use of cookies . 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. Market size and forecast, by Base Ingredient, 2020-2028 7.3.9.2. 6. Toss in the pearl tapioca. Ready-to-Drink variants are instead aggregated into the segment Ready-to-Drink (RTD) Tea in the Non-Alcoholic Drinks market. Background: Bubble tea, also known as boba or boba milk tea, has exploded in popularity in recent years, with the global boba market projected to reach 3.39 billion USD by the end of 2027. 7.1% consumed diet drinks daily. 01 The first bubble tea came out in the early 1980s. A typical serving of bubble tea at a chain might cost $3 to $5 for a 16- to 20-ounce cup. Add the ice cubes, and shake so the whole drink can get cold. This growth is fueled by the perceived health benefits of green tea. Your email address will not be published. Pune, India, Oct. 26, 2021 (GLOBE NEWSWIRE) -- The global bubble tea market size is expected to reach USD 3.39 billion by 2027 . Industrial Alcohol Market Volume: The global industrial alcohol market size is set to be valued at US$ 110.3 Bn in 2022 and it is expected to grow at a CAGR of 7.6% from 2022 to 2032. Due to widespread popularity and prevailing trends as well as the presence of many bubble tea manufacturers in this region, the bubble tea market in China is expected to continue to flourish over the forecast period. We dont recommend anyone making it a daily indulgence. In the Philippines alone, orders increased by 3,500 percent from June to December 2018. This can be attributed to the availability of various options such as combination of various liquid flavors and syrups. The closure of Shanghai . Ask for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-12310. The Middle East & Africa showcases a slower growth as pearl milk tea is consumed as a social drink or as a gesture of hospitality. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. 16. How much is the global bubble tea market worth? The market is expected to grow at a CAGR of 7.40%, during the forecast period. 2. Interesting Facts. 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. Bubble tea can be found in over 30 countries. 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, Troika JC. Bubble tea, also known as Boba or Boba tea, is rapidly becoming one of the worlds favorite beverages. How much sugar was consumed? By the toppings segment, pearls are anticipated to grow at a prolific CAGR of 10.3% with more than 35% of the global market share. But in case you dont Its tea served with a giant chewy ball of tapioca at the bottom of the cup. 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. The global bubble tea market size was valued at USD 2.17 billion in 2021. A. https://www.grandviewresearch.com/industry-analysis/bubble-tea-market, https://foodinstitute.com/focus/survey-millennials-gen-z-big-fans-of-bubble-tea/, https://youthinsight.com.au/brands/more-girls-aware-of-bubble-tea-than-boys/, https://www.cnn.com/travel/article/taiwan-bubble-tea-origins/index.html, https://www.duluthnewstribune.com/8-things-you-might-not-know-about-bubble-tea-and-other-unexpected-holidays-this-week, https://www.fortunebusinessinsights.com/industry-reports/bubble-tea-market-101564, https://www.organicfacts.net/health-benefits/herbs-and-spices/bubble-tea.html, https://chinamarketadvisor.com/what-is-boba-and-why-is-it-so-popular/, https://theaseanpost.com/article/southeast-asias-bubble-tea-craze, https://www.worldteanews.com/Insights/millennials-and-gen-z-drive-21st-century-tea-preferences, https://www.honestfoodtalks.com/bubble-tea-flavors-boba-toppings/, https://www.healthline.com/nutrition/boba-cancer, https://mtalvernia.sg/education/whats-in-my-bubble-tea/, Tea thats infused with milk or another liquid, Artificial sweetener like stevia or sugar (more on this below), Special straws designed to make the best bubbles possible. Based on the distribution channel, online retailing is expected to exhibit a CAGR of 11.9%. Find your information in our database containing over 20,000 reports, Consumer Market The Bubble Tea Club Kit has everything you need to make delicious homemade bubble tea. a more convenient consumption option, compared with hot cereals, which can require the addition of boiling water or milk. The option to customize your bubble tea, availability at most cafes, restaurants, convenience, and grocery stores as well as the variety offered has contributed to the market growth. Followed by black tea, the green tea segment is expected to hold a major percentage of the market share. December 17, 2022. Additionally, they can be ordered with fruit or boba, both of which are high in added sugar. Request a Free sample to learn more about this report. Resistant Starch Market Size: The resistant starch market is valued at US$ 10.5 Bn in 2022 and is projected to grow at a CAGR of 6.6% during the forecast period, to reach a valuation of US$ 19.9 Bn by 2032. Although people of all ages frequently enjoy bubble teas across the globe, younger people tend to drink them more frequently. Since our launch, weve worked on more than 1,000 projects for clients around the world. South America is anticipated to grow in terms of sales volume of the products in the coming years. The global market for organic tea is showcasing strong growth principally because of the growing knowledge regarding safer counterparts of organic products among consumers. Graph. 5. This means, market totals are not comparable to published data from prior years. Now, there are bubble tea shops everywhere, and many companies have started to offer other bubble tea treats in the form of desserts to expand the marketplace. Adults' total beverage consumption drops steadily with age. 10. In 2020, China dominated the tea market with 78.7 billion US dollars of revenue. making yummy bubble tea with BBT Club today. 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. However, the sweeteners segment is expected to witness the highest growth, owing to rise in demand for sweet beverages across the globe. 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). For instance, in April 2022, U.S. based start-up namely Bubluv Inc. launched tapioca starch and konjac based bubble tea in three flavors, black milk tea with tapioca pearls, matcha soy latte with tapioca pearls, and oolong guava with tapioca pearls. 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. Bubble tea is also known as pearl milk tea. Coffee shop. +44 208 097 3636. 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. Bubble tea got its name from the tapioca balls because when theyre added to the drink and shaken, the balls expand and pop, creating a popping soundor bubbling.. For people aged 71 or older, the figures were substantially lower, at 1,584 grams and 1,532 grams, respectively. The availability of different types of milk tea offers numerous options for consumers to enjoy. Bubble tea has been gaining traction in emerging markets, owing to rise in its popularity.Furthermore, growth in health consciousness and increase in adoption of healthy beverages such as green tea, black tea, oolong tea, and white tea among consumers drive the market growth. The market for Tea segment is expected to show a volume growth of 1.6% in 2024. The incredible success of bubble tea in China since 1996. Bubble tea . This is a very good piece of work and will be very helpful to us going forward. As per the report, sales will increase at a 4.2% CAGR over the forecast period, reaching US$ 354.6 Mn by 2032. Which region held the highest share in the market? Tea in Kenya. 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. 12. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. Bubble tea made a rise in popularity in 2018 with a 3000% increase in orders from Southeast Asia. Bubble tea is extremely high in calories. 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. Most other Southeastern Asian countries drink three cups monthly on average. 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. Rank Country/Region Tea consumption 1 Turkey: 3.16 kg (6.96 lb) . Grab also reported that on average, Southeast Asians drink an average of four cups of pearl milk tea per person per month. Over of the bubble tea enjoyed around the world is fruit-flavored. Singapore market is forecasted to grow at a CAGR of 10.7%. Rising Raw Material and Transportation Cost Due to the Pandemic to Slow Down the Market Growth. An Infographic Representation of Bubble Tea Market, To get information on various segments, share your queries with us. Nigeria, specifically, has become a hub for cassava production. Unilever (Lipton), Associated British Foods (Twinings) and Tata Global Beverages (Tetley) are globally the most important players by revenue. Such initiatives further support the immense growth opportunities for the companies. Tea is an aromatic beverage derived . 9. Boba tea is creating a buzz among individuals worldwide, owing to its growing appeal and novelty. If you have an adventurous palette, we highly recommend trying as many different flavors as you can to find the one that will be your favorite! In-depth analysis and the bubble tea market size and segmentation assists in determining the prevailing bubble tea market opportunities. 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. Very satisfied with the overall report as it has helped me to build strategies for my business, This is regarding the recent report I bought from Fortune Business insights. 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. info@pearllemongroup.com. By sugar content, reduced sugar/sugar-free category will gain traction over the forecast period. The ICC World Test Championship final will be played in The Oval, London from June 7 to 11, where the conditions are pacer-friendly. Of the 30 countries that enjoy bubble tea, most are in Asia. Statista. Versatility in flavor, health benefits, and social media trends drive the market. In global comparison, most revenue is generated in China (US$111,800.00m in 2023). 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. The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. Bubble Tea Market size was estimated at $2.1 billion in 2020, projected to increase at a CAGR of 6.8% during the forecast period 2021-2026. Tea, from the plant Camellia sinensis, is consumed in different parts of the world as green, black, or Oolong tea.Among all of these, however, the most significant effects on human health have been observed with the consumption of green tea [].The first green tea was exported from India to Japan during the 17th century. Consumption of sugar sweetened and diet drinks in adults. Followed by Asia Pacific, the North America bubble tea market share emerged to be the second-largest and is likely to maintain its position throughout the forecast period. 11. The percentage of tea that is consumed which is green tea: 15%. 87% of American millennials drink tea, including bubble tea. The bright colors and availability of sweet and fruity flavors especially appeal to children . Ltd. https://www.futuremarketinsights.com/reports/sample/rep-gb-12310, https://www.futuremarketinsights.com/customization-available/rep-gb-12310, https://www.futuremarketinsights.com/checkout/12310, https://www.futuremarketinsights.com/ask-question/rep-gb-12310, https://www.futuremarketinsights.com/reports/bubble-tea-market, https://www.futuremarketinsights.com/reports, Ready to Drink Shakes Market Outlook (2022-2032). The key players in the industry receiving high levels of popularity and response from customers are franchising their businesses into different locations. One cup of tea is assumed to contain 2 grams of tea. 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. Tea is a large part of modern Australian culture due to its British origins. Emerging countries such as China, India and Brazil growing with the CAGR of 8%, 9.5%, and 8.3% respectively. By flavor, the market is classified into coffee, fruit, chocolate, original, and others. drinking tea; and the expansion of new products and flavourings, such as ready-to-drink tea, premium tea, and herbal and fruit fusions.15-19 In addition, demand for green tea is expected to outpace demand for black tea.4,12,19 The considerable expansion of sustainable tea products is also worth noting. This beverage has undergone a few waves of popularity in Singapore. At what CAGR is the bubble tea market projected to grow in the forecast period (2022-2029)? If youre looking for a sweet, refreshing drink that doesnt compromise on flavor or quality, bubble tea is the answer. Tea decreased 0.14 USD/Kgs or 4.95% since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Boba tea, or "bubble tea," has been around since the late 1980s in Taiwan. 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. How Much Is the Bubble Tea Industry Worth. With globalization, new trends have started striking the food service market, thereby influencing the young generation to try new beverages. The market is anticipated to be valued at US$ 46.0 Mn in 2032. And if youre looking for all the facts and figures that back up our claim, you have this blog post. Among various flavors, fruit flavor is more popular, and this segment dominated the market in 2019. The demand for bubble tea is predicted to grow at an impressive rate. For one, there are all of the sweet flavors and fun combinations of ingredients you can get. Chocolate flavored milk tea is tremendously popular in which chocolate powder is blended with milk to strengthen its flavor. Let's assume that the daily maintenance calories for an average adult man are 2,500 kcal, and for an average adult . 03 Locally called "po po ch," Singapore has sold bubble tea since 1992. Need to talk to an expert? This has led to transportation delays and the functioning of both supplies (tea estates) and demand for consumption points to a standstill due to shortage of manpower and reduced visits of customers to coffee shops amidst the lockdown. By 2025, 70% of spending and 10% of volume consumption in the Tea segment will be attributable to out-of-home consumption (e.g., in bars and restaurants). 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. By region, North America was the most prominent regional market in 2019. Europe also witnessed growth in the pearl milk tea market around the same time as other Asian countries. Pour tea, milk, and 4 teaspoons sugar into a cocktail shaker. 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. July 26, 2022 10:30 ET 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. Furthermore, a decline in the growth of bubble tea consumption is witnessed due to strong restrictions on import and export facilities. They are made from cassava starch, a common ingredient in Brazilian culture, and they take time, effort, and skill to make properly. Looking forward to work together in the future, It has been a delightful experience working with you guys. However, excess sugar content in these drinks leading to health issues and trend of coffee consumption are expected to restrict the market growth. Victorian Government, Department of Health and Human Services. That is approximately four cups of brewed coffee, 10 cans of cola or two "energy shot . Rising number of fitness conscious consumers and rising demand for tea based beverages in youth generation across the globe is the current trend in the global bubble tea market.. A. Europe and LAMEA will provide more business opportunities for Bubble Tea Market in coming years. In the Tea segment, volume is expected to amount to 18.6mkg by 2025. This is likely due to its naturally sweet flavor and all of the different varieties of teas that are available. Bubble teas distinct flavor, easy product availability, and numerous varieties offered will help the market to flourish. Tartrazine Market Trend: Global tartrazine market is projected to reach a valuation of US$ 120 Mn in 2022, with demand growing at a 7.0% CAGR over the forecast period. 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. 04 For a short time in 2012, all 800 branches of McDonalds in Germany sold bubble tea. However, since the ease of lockdowns, governments have proposed several initiatives and strategies to help the companies in recovering the losses across the globe. This cross-sectional study investigated the association between bubble tea consumption and symptoms of anxiety and depression in a population-based sample. 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. Extruding the tapioca into these small balls is difficult work. It should be no surprise then that sugar is a primary ingredient in the drink. The market for Hot Drinks is structured into retail sales for at home consumption and on-premise or foodservice sales for out-of-home consumption. This is a decrease, compared to the growth of about 7.64% per year, registered in 2015-2019. 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. Moreover, higher expenditure of consumers on healthy beverages adds to the popularity of bubble tea in theregion. Australia: 0.75 kg (1.65 lb) 17 Stir until the sugar has dissolved and the milk is well mixed in. Most bubble tea recipes contain a tea base mixed with fruit or milk, to which chewy tapioca balls (known as bubbles, pearls, or boba) and fruit jelly are often added. If you love bubble tea and are looking for a make your own bubble tea kit, this is the place! The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca. Bubble tea truly is an international drink! In 2004, daily beverage consumption of 19- to 30-year-olds averaged 2,610 grams for men and 2,056 grams for women (Table 1). Tea is a beverage made by pouring hot water over cured leaves. Bubble tea is a beverage originating from Taiwan comprising tea with fruit syrup or milk added, and then shaken. 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. Meanwhile, Philippinos drink five cups of this tea per month. Market size and forecast, by Flavor, 2020-2028 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. Fruit Flavor Segment is Dominating Backed by High Consumer Preference. From Farmer Welfare and Supply Chain to the Latest Trends, Tea Experts Share Insights. A. 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. Theres a lot more to bubble tea than meets the eye, and weve discovered all of the reasons that its a global favorite. In Asia, however, it is equally popular among men and women and is seen as a cultural phenomenon. Cook for about 20 minutes. In this article, I'll be sharing detailed statistics on bubble tea consumption - so if you're as curious as I am about this popular beverage, read on! Various key insights presented in the report are an overview of related markets, competitive landscape, recent industry developments such as mergers & acquisitions, regulatory scenario in critical countries, and key bubble tea industry trends. In 2019, tea revenue globally is about US$214,761m and is expected to grow each year by 6.9% until 2023. Chewy tapioca balls or different flavored jellies are then added to give bubble tea the fun, chewy texture that it is known for! For instance, in April 2020, a bubble tea company Chatime launched oat milk-based tea such as Chatime Pearl Milk Tea and Grass Jelly Roasted Milk Tea for lactose intolerant consumers. Thank you for contacting us, our sales representative will get in touch with you shortly! Tea consumption per capita in the UK is 1.3 kg for 2019. There was a 3,000% increase in the amount of bubble tea orders in Southeast Asia in 2018. The data offered to us was exactly what we were looking for. India and Australia will lock horns in the Third Test of the ongoing Border-Gavaskar Trophy at Indore's Holkar Cricket Stadium from March 1 onwards. More Insights into the Bubble Tea Market Report. 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 . A 16 oz serving of bubble tea contains 38 grams of sugar, which is 76% of the recommended daily value. In the United States, 95% of women have tried bubble tea versus 81% of males. Were big enough to handle massive projects, and yet also nimble enough to come up with names on demand that hit every time. 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. Background: Bubble tea has become enormously popular in China in recent years. 297 billion liters of tea were consumed worldwide in 2021. 17 Aug 2022 12:37PM (Updated: 17 Aug 2022 06:16PM) SINGAPORE: Bubble tea lovers in Southeast Asia spend US$3.66 billion a year on the beverage and similar "new tea" drinks, with Singapore . Bubble Tea Market Outlook (2022-2032) [324 Pages Report] The global bubble tea market is projected to have a rapid-paced CAGR of 8.8% during the forecast period. A. Bubble tea is known for its sweet taste. In addition, the companies are focusing on the growing incidences of lactose intolerance, and thus are working toward introducing lactose-free bubble milk tea options for individuals. Premium Statistic Global tea consumption 2012-2025 .

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