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. Accelerated demand for healthier beverage alternatives to carbonated drinks coupled with shifts in consumer preferences is fueling market growth for bubble tea. 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. Today, millennials, zennials, and gen z account for the vast majority of the countrys bubble tea consumption. This is a list of countries ordered by annual per capita consumption of tea, as of 2016. 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. 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. 2023 Allied Market Research. The forecast period in the global bubble tea market report is 2019-2027. In-depth analysis and the bubble tea market size and segmentation assists in determining the prevailing bubble tea market opportunities. Millennial Tea Drinking Stats - Tea continues to gain market share in surprising areas. Request a Free sample to learn more about this report. About 200 million pounds of tea leaves (bagged & loose) are shipped into the United 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). Manufacturers are capitalizing on improving the functionality of boba drinks ingredients to cater to the rising demand from consumers. 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. 7. Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. We selected the top 40 popular menu items from three of the most commonly used OFD applications in 2021. The report was very accurate and as per my requirements. 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. 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. Thailand will emerge as a lucrative market over the forecast period with a CAGR of 8.7%. In 2020, China dominated the tea market with 78.7 billion US dollars of revenue. Bubble tea is a sweet, delicious drink typically made from a tea base that is then mixed with either milk or fruit flavoring. 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. bubble tea popularity statistics singapore; how many bubble tea brands in singapore; Bubble Tea Popularity Statistics Singapore . We calculate that for a 700 ml or 24 oz serving of bubble milk tea, which is usually the large cup size in most boba shops, the total bubble tea calories are 700 kcal. This can be attributed to the rise in awareness regarding healthy lifestyle and higher adoption of healthy beverages by health-conscious consumers. This is a decrease, compared to the growth of about 7.64% per year, registered in 2015-2019. Pour into a glass, and add tapioca. Bubble tea can be found on every continent today, except for Antarctica, of course! Awareness about health issues and their relation to meat consumption has resulted in a shift towards vegan and plant-based diets. Thailand leads in . The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. 11.2% of Victorian adults consume sugar sweetened beverages daily. Read More . Consumption of sugar sweetened and diet drinks in adults. For one, there are all of the sweet flavors and fun combinations of ingredients you can get. Based on the base ingredient, green tea will lead the market growth over the forecast period. This segment does not include herbal tea, instant tea, iced tea or similar tea-derived Ready-to-Drink beverages. Ltd. Brands such as CHATIME and Bubbolitas established their first production units of boba drinks in 2009, and since then, the market has witnessed a growth trajectory. What may surprise you though is the amount of sugar! Rank Country/Region Tea consumption 1 Turkey: 3.16 kg (6.96 lb) . https://www.fortunebusinessinsights.com/industry-reports/bubble-tea-market-101564, Yummy Town (Cayman) Holdings Corporation (Happy Lemon) (Taiwan), Granular Research on Specified Regions or Segments, Companies Profiled based on User Requirement, Broader Insights Pertaining to a Specific Segment or Region, Breaking Down Competitive Landscape as per Your Requirement, Other Specific Requirement on Customization. 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 campaign will be extended due to the tremendous profit achieved, which motivates the company to broaden its product offerings and brand position. Chatime, Gong Cha, Coco Fresh Tea & Juice, and Lollicup USA, Inc. are the leading players in the market. The current valuation of the market is US$ 2.50 billion in 2022. . 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. 7.1% consumed diet drinks daily. 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. Tapioca pearls are made from cassava flour, of which Nigeria is the worlds largest exporter (21%). Nigeria, specifically, has become a hub for cassava production. A South Australian Health Omnibus Survey (SAHOS) done in 2014 showed that there was a . 13. Bakery Products Market Share: The global bakery products market is estimated to reach US$ 235 Mn in 2022. 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. Market size and forecast, by Base Ingredient, 2020-2028 7.3.9.2. By base ingredient, it is divided into black tea, green tea, oolong tea, and white tea. Australia . 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. Green tea has shown long-term energy inducing properties and has a positive effect on the regulation of body weight. . When you look at the marketing for bubble tea, the numbers make sense. 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. 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 flavor, the market is classified into coffee, fruit, chocolate, original, and others. That is approximately four cups of brewed coffee, 10 cans of cola or two "energy shot . 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. Tea is one of the most popular beverages consumed worldwide. Quick Facts. 30.7% of Victorian adults consumed sugar-sweetened soft drinks at least once a week. Countries such as Vietnam and Taiwan are projected to have the largest sales. 4364..55.011 - Australian Health Survey: Consumption of added sugars, 2011-12. 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. 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. However, excess sugar content in these drinks leading to health issues and trend of coffee consumption are expected to restrict the market growth. The chocolate segment is projected to have the fastest growth in the coming years due to increasing demand for chocolate-based drinks from every age group. The market was expected to reach a valuation of US$ 2.3 Bn by the end of 2021. The at-home market, also called off-trade market, covers all retail sales via super- and hypermarkets, convenience stores or similar sales channels. Bubble tea is also known as pearl milk tea. Since our launch, weve worked on more than 1,000 projects for clients around the world. 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. 1.In 2019, 64% of Americans aged 18 and over drank coffee every day. The Mayo Clinic state that up to 400 mg of caffeine a day is probably safe for most healthy adults. (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. 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. Asia-Pacific (APAC) dominates the bubble tea market because of the high consumption of the bubble tea within the region. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. 2016. The out-of-home market, also called on-trade market, away-from-home market or HORECA encompasses all sales to hotels, restaurants, catering, cafs, bars and similar hospitality service establishments. Thanks for sticking with me in this huge post. The two businesses are known for their zingy fruit tea drinks. 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. 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 Asia Pacific market held the largest share and was valued at USD 0.90 billion in 2021. 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. All these aspects necessitate the manufacturers to develop premium quality teas by keeping the consumer demands in mind. All Rights Reserved. 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. 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. At what CAGR is the bubble tea market projected to grow in the forecast period (2022-2029)? 8. 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. 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. Whats your favorite bubble tea base to start with? [1] 4. A typical serving of bubble tea at a chain might cost $3 to $5 for a 16- to 20-ounce cup. 1 2 3 8. December 17, 2022. This can be attributed to the availability of various options such as combination of various liquid flavors and syrups. Most bubble tea recipes contain a tea base mixed with fruit or milk, to which chewy tapioca balls (known as bubbles, pearls, or boba) and fruit jelly are often added. Bubble tea has a sweet, sour, and tangy taste that varies depending on the type of fruit used. In this article, I'll be sharing detailed statistics on bubble tea consumption - so if you're as curious as I am about this popular beverage, read on! The market is expected to grow at a CAGR of 7.40%, during the forecast period. If youre looking for a sweet, refreshing drink that doesnt compromise on flavor or quality, bubble tea is the answer. A. Our objective was to assess the nutritional profile of popular menu items available through OFD applications in Bangkok, Thailand. In its latest report, FMI offers an unbiased analysis of the global bubble tea, providing historical data from 2016 to 2020 and forecast statistics for the period 2021-to 2031. Premium Statistic Global tea consumption 2012-2025 . It's the second most-consumed drink in the world, only behind water. Ltd. NEWARK, Del, July 26, 2022 (GLOBE NEWSWIRE) -- The global bubble tea market is projected to reach a value of US$ 5.5 Bn by 2031, with sales growing at a robust CAGR of 8.8% for the forecast period of 2021-2031. Almost overnight bubble tea shops popped up around the world in multiple countries that had never had an interest in it before. Versatility in flavor, health benefits, and social media trends drive the market. 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 . (Caffeine Informer) 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. "Market Intelligence that Adds Flavour to Your Success", Region : Global | Format: PDF | Report ID: FBI101564. 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. An average, medium-sized serving of bubble tea has, on average, 335 calories. Tea in Kenya. European countries are just starting to understand the bubble tea craze, and with new dessert products in the making, the only way for this industry to go is up. 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. 3. 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. 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. Studies showed that green tea-based milk tea is proven to be beneficial for lowering blood pressure and the risk of cancer. Over 95% of females in the united states have tried bubble tea, while 81% of males . Increasing Inclination of Consumers toward Versatile Teas with Innovative Bold Flavors is a Prominent Trend. Thailand leads in bubble tea consumption at an average of 6 cups per person per day. 6. 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 . The incredible success of bubble tea in China since 1996. 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. Table I : Prevalence1 of Bubble Tea Consumption among Students in University of Cyberjaya according to Sociodemographic Descriptions Sociodemographic description Bubble tea consumption Consume, n (%) Do not consume, n (%) Total, n (%) . Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. 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. Published. The Market for Bubble Tea in North America to be the Most Dominant & Fastest Growing. BBT Club is Australia's leading DIY bubble tea company for anywhere and anytime. But did you know that there are six different types of bubble tea? Stir until the sugar has dissolved and the milk is well mixed in. In 2016, 19.4 per cent of Bubble tea made a rise in popularity in 2018 with a 3000% increase in orders from Southeast Asia. Global Demand for Coffee - Despite the demand for coffee in the United States, the country only ranks 25th in per capita coffee consumption. India is currently 1-0 up in the series, which has seen Indian spinners dominating both the tests in Nagpur and Delhi. 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. Were guessing you already know what bubble tea is. 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. 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. Future Market Insights Global and Consulting Pvt. There was a 3,000% increase in the amount of bubble tea orders in Southeast Asia in 2018. It's common for bubble tea brands to include "cha" in their names, which means "tea" in Chinese. This can be attributed to rise in the popularity of bubble tea with black tea as a base ingredient across the globe. Future Market Insights Global and Consulting Pvt. In Asia, however, it is equally popular among men and women and is seen as a cultural phenomenon. Essential Facts. By sugar content, reduced sugar/sugar-free category will gain traction over the forecast period.
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