. 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). Bubble tea is known for its sweet taste. Sunset Yellow FCF Market Sales: The sunset yellow FCF sales are slated to grow at a CAGR of 6.25% between 2022 and 2032, totaling a market valuation of US$ 150 Mn by 2032. With 38 grams per 16oz beverage, bubble tea should be enjoyed in moderation. This segment does not include herbal tea, instant tea, iced tea or similar tea-derived Ready-to-Drink beverages. 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 . Although the drink was originally created in Taiwan, its signature ingredient is primarily grown in Nigeria, Thailand, Indonesia, and Brazil. The global bubble teamarket holds a substantial scope for growthduring the forecast period.
Tea consumption per capita in the UK is 1.3 kg for 2019. Tea is a large part of modern Australian culture due to its British origins. The Bubble Tea Club Kit has everything you need to make delicious homemade bubble tea. 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. October 26, 2021 13:00 ET | Source: Fortune Business Insights. The value of its market is estimated to be $5.2 billion. 7. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. Health beneficial attributes such as low-fat, low-calorie content, and presence of anti-inflammatory properties are the key driving factors of the market. But did you know that there are six different types of bubble tea? Bubble tea is also known as pearl milk tea. The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. 7.3.9.1. 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. This can be attributed to rise in the popularity of bubble tea with black tea as a base ingredient across the globe. Clicking on the following button will update the content below. However, the sweeteners segment is expected to witness the highest growth, owing to rise in demand for sweet beverages across the globe. Interesting Facts. July 26, 2022 10:30 ET
Which is the leading segment based on the product type in the market? 03 Locally called "po po ch," Singapore has sold bubble tea since 1992. 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. That is approximately four cups of brewed coffee, 10 cans of cola or two "energy shot . The closure of Shanghai . The price for bubble tea depends on where you get it. Consumer Shift toward Healthy Alternatives to Favor Growth. Worldwide Tea Statistics. 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. Singapore market is forecasted to grow at a CAGR of 10.7%. 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). Fruit-flavored bubble teas account for the largest percentage of bubble tea consumed at 37%. Thailand will emerge as a lucrative market over the forecast period with a CAGR of 8.7%. Bubble Tea is a famous non-alcoholic beverage drink that first . Bubble Tea Popularity Statistics Singapore; by palmebre Published: July 20, 2021 (2 days ago) Category. 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.
The average volume per person in the Tea segment is expected to amount to 0.68kg in 2023. With bubble teas sudden increase in popularity, it should be no surprise that the industry is only expected to keep growing. Bubble tea shops, or Boba tea as it is frequently called in America, can be found in almost every major city across the country. About | Privacy Policy |Contact | Advertise | Support. This can be attributed to change in preference of consumers toward healthy beverages and better taste. Remarkable job and great efforts by your research team. (World Atlas)3.The USA ranks 11th among the countries with the highest caffeine consumption, with a rate of 200 mg per person per day. Get a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12310. Alcoholic Tea Market size is valued at USD 1,958.73 billion by 2028 and is expected to grow at a compound annual rate of 7.00% in the forecast period . Awareness about health issues and their relation to meat consumption has resulted in a shift towards vegan and plant-based diets. Get in touch with us. 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. These drinks are made with milk tea and tapioca pearls (to make the bubbles), which contain a lot of natural sugar. Bubble milk tea has a strong market potential as it offers various types and flavors of boba teas, such as fruit-flavored, green jasmine, and black tea-based milk tea, across the globe. Bubble tea, also known as Boba or Boba tea, is rapidly becoming one of the worlds favorite beverages. Bubble teas distinct flavor, easy product availability, and numerous varieties offered will help the market to flourish. Bubble tea has a sweet, sour, and tangy taste that varies depending on the type of fruit used. The growing interest of consumers in innovative beverages with bold flavors and their willingness to experiment with various flavors is captivating the consumers attention, which contributes to fueling the market growth. Based on the distribution channel, online retailing is expected to exhibit a CAGR of 11.9%. 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. Bubble milk teas surge in popularity is mainly attributed to taste, affordability, and the rising reinvention of the basic tea recipe. Against this backdrop, the market valuation is projected to reach US$ 245 Mn by 2032. This means, market totals are not comparable to published data from prior years. The outbreak of COVID-19 forced government bodies to impose strict closure of restaurants, farms, and factories to maintain safety measures and implement social distancing. Thanks for sticking with me in this huge post. All these aspects necessitate the manufacturers to develop premium quality teas by keeping the consumer demands in mind. 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. Victorian Government, Department of Health and Human Services. 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. Need to talk to an expert? Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. On the contrary, introduction of various new flavors and blends and high demand among young population for a variety of teas are expected to provide lucrative opportunities for the market expansion.The bubble tea market has been segmented on the basis of on base ingredient, flavors, component, and region. The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. Coffee shop. This is a decrease, compared to the growth of about 7.64% per year, registered in 2015-2019. But in case you dont Its tea served with a giant chewy ball of tapioca at the bottom of the cup. The market is expected to grow at a CAGR of 7.40%, during the forecast period. The global Bubble Tea Market is expected to $4,368.6 million in 2027. The global organic tea market size was USD 820.8 million in 2019 and it is projected to reach USD 1,918.7 million by 2027, exhibiting a CAGR of 11.2% during the forecast period. This growth is fueled by the perceived health benefits of green tea. The emerging players in the Bubble Tea Market are Bubble Tea Supply Inc., ChaTime, CoCo Fresh, Quickly, Kung Fu Tea, Boba Loca, Happylemon, Share Tea, T Bun International, Fanale Drinks, Grand Chainly, and Huey-Yuhe Enterprise. Bubble Tea originated in Taiwan in the early 1980's at a small tea stand. The global COVID-19 pandemic has been unprecedented and staggering, with bubble tea experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. There are 250 different flavors of bubble tea. How Much Is the Bubble Tea Industry Worth. . Its iced or hot black or green tea mixed with chewy tapioca balls that are often flavored. Tartrazine Market Trend: Global tartrazine market is projected to reach a valuation of US$ 120 Mn in 2022, with demand growing at a 7.0% CAGR over the forecast period. Between 2021 and 2028, the global tea market is expected to grow at a CAGR of 6.6%. It looks like the bubble tea craze isn't going anywhere soonat least, according to GrabFood data that states bubble tea orders in Southeast Asia saw a 3,000 percent growth rate in 2018. Ltd. NEWARK, Del, July 26, 2022 (GLOBE NEWSWIRE) -- The global bubble tea market is projected to reach a value of US$ 5.5 Bn by 2031, with sales growing at a robust CAGR of 8.8% for the forecast period of 2021-2031. The U.S. market is anticipated to register a prolific CAGR of 12.4% over the forecast period. We dont recommend anyone making it a daily indulgence. What may surprise you though is the amount of sugar! The price per unit in the out-of-home market always references the total price over the amount of tea consumed, regardless of the other components of the finished beverage. Over of the bubble tea enjoyed around the world is fruit-flavored. Future Market Insights Global and Consulting Pvt. This was attributed due to rise in the consumption of tea based everages across the world. 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. 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. The at-home market, also called off-trade market, covers all retail sales via super- and hypermarkets, convenience stores or similar sales channels. 7.1% consumed diet drinks daily. Rank Country/Region Tea consumption 1 Turkey: 3.16 kg (6.96 lb) . Future Market Insights Global and Consulting Pvt. There are six official types of bubble tea. 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! A. Data at LGA level is also presented. Many Thai people drink bubble tea daily, and in many cases may drink multiple cups per day. Tapioca pearls are made from cassava flour, of which Nigeria is the worlds largest exporter (21%). Save my name and email in this browser for the next time I comment. In addition, the growing gastronomic tourism, rising number of health-conscious individuals, and increased social media influences further paved the way toward growing potential. About 200 million pounds of tea leaves (bagged & loose) are shipped into the United Elementary school children would look forward to buying a cup of refreshing tea after a long, hard day of work and play. 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 Tea segment in Australia is projected to grow by 2.61% (2023-2025) resulting in a market volume of US$1.47bn in 2025. . Another user, Yilian Fengyue Xian, said she had bought four cups of bubble tea after 76 days of being under lockdown in what she called "revenge bubble tea drinking". In addition, as Europe is not highly indulged in tea production and mostly relies on other regions for the supply of tea, it somehow limits the market growth. Companies in the Industry are Aggressively Expanding their Franchisees to Cater to the Growing Demand. The chewy tapioca balls or pearls are undoubtedly the stars of any bubble tea drink. Asia Pacific Bubble Tea Market Size, 2021 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. In 2020-21, of people aged 18 years and over: 6.4% consumed sugar sweetened drinks daily. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. Emerging countries such as China, India and Brazil growing with the CAGR of 8%, 9.5%, and 8.3% respectively. 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. info@pearllemongroup.com. Nevertheless, manufacturers are trying to introduce new beverage options, such as bubble milk tea, in the market. For people aged 71 or older, the figures were substantially lower, at 1,584 grams and 1,532 grams, respectively. Bubble tea is also known as (Zhen Zhu Nai Cha) directly translates to pearl milk tea, but is also known as boba tea in . With globalization, new trends have started striking the food service market, thereby influencing the young generation to try new beverages. 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. 5. The Mayo Clinic state that up to 400 mg of caffeine a day is probably safe for most healthy adults. The data offered to us was exactly what we were looking for. Tea is a beverage made by pouring hot water over cured leaves. Background: Bubble tea has become enormously popular in China in recent years. Thank you Fortune Business Insights for your efforts and prompt response, I had a great experience working with Fortune Business Insights. It also offers a detailed analysis of the market size and growth rate for all possible market segments. According to a recent consumer study, 94% of people between ages 20 and 29 have purchased bubble tea within the last 3 months. Book your free consultation and let our research experts help you with your needs/problems. Bubble tea is a mix of milk, tea, and fruit juice with added bubbly-looking toppings (like tapioca balls). Rising consumption of tea and coffee as nootropic drinks among students and working-class population is a key factor for the market growth. In the Philippines alone, orders increased by 3,500 percent from June to December 2018. 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. FB : Beverages| Pages: 261 | Author(s) : Vaibhav S , Roshan D, Single User License, Five User License & Enterprise User License. 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. Malaysia Coffee & Tea Reports: Our 2023 Malaysia report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Coffee & Tea market. Drum To Hopper Blends Premix Market Forecast: The global drum to hopper blends Premix market is expected to reach a valuation of US$ 752.1 Mn in 2022, with demand increasing at a CAGR of 7.4% over the assessment period. The current valuation of the market is US$ 2.50 billion in 2022. Pour tea, milk, and 4 teaspoons sugar into a cocktail shaker. A typical serving of bubble tea at a chain might cost $3 to $5 for a 16- to 20-ounce cup. 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. The forecast period in the global bubble tea market report is 2019-2027. A. It should be no surprise then that sugar is a primary ingredient in the drink. The report segments the global bubble tea market based on base ingredient, flavors, component, and region. 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. Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. These latest product ranges further act as a marketing strategy to attract a vast consumer base worldwide. Statista. The consumption of bubble milk tea also improves the balance of vitamins and minerals in the human body due to the presence of various inclusions such as yogurt, cream, fruit bits, and others. Teenagers and people in their 20s consistently account for the highest consumer percentage of bubble teas. 4. 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. Symptoms of . Asia-Pacific (APAC) dominates the bubble tea market because of the high consumption of the bubble tea within the region. 15. For one, there are all of the sweet flavors and fun combinations of ingredients you can get. What are the key factors driving the market? 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. We selected the top 40 popular menu items from three of the most commonly used OFD applications in 2021. The segment will depict a robust 11.8% CAGR and account for more than 26% of the market share. The bubble tea market in Thailand is predicted to register an 8.7% CAGR. To get the sample of bubble tea market report, click on the link (Please paste the link here). Premium Statistic Global tea consumption 2012-2025 . 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. Bubble tea brands expected to produce novel and unique products over the forecast period. 30.7% of Victorian adults consumed sugar-sweetened soft drinks at least once a week. 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. a more convenient consumption option, compared with hot cereals, which can require the addition of boiling water or milk. Methods: Self-report questionnaires were used to assess bubble tea consumption and mental status. Were big enough to handle massive projects, and yet also nimble enough to come up with names on demand that hit every time. 11.2% of Victorian adults consume sugar sweetened beverages daily. Adults' total beverage consumption drops steadily with age. 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. In 2018, there were over 450,000 shops selling bubble tea in China. Increasing Inclination of Consumers toward Versatile Teas with Innovative Bold Flavors is a Prominent Trend. Gong Cha, Kung Fu Tea, Lollicup USA, Tiger Sugar, Sharetea, Boba Guys, Tapioca Express, Cha Time, Ten Rens Tea Time, YiFang Bubble Tea, CoCo Fresh Tea & Juice, DaBoba, Happy Lemon, Quickly, Cojiitii, and others are some of the manufacturers of bubble tea profiled in the full version of the report. 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. Boba tea, or "bubble tea," has been around since the late 1980s in Taiwan. The global market for organic tea is showcasing strong growth principally because of the growing knowledge regarding safer counterparts of organic products among consumers. It includes flavor variants such as lychee, mango, passion fruit, peach, plum, strawberry, avocado, banana, grape, kiwi, lemon, and others. 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