Online retailing is predicted to register an 11.9% CAGR. Nearly everyone in Thailand enjoys drinking bubble tea, to the point that they have surpassed every other country in the amount that they drink! 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. . Request Now ! Fruit-flavored bubble teas account for the largest percentage of bubble tea consumed at 37%. Graph. Teenagers and people in their 20s consistently account for the highest consumer percentage of bubble teas. It comes with the additional cost of $2500.00 contact sales. Bubble tea is a mix of milk, tea, and fruit juice with added bubbly-looking toppings (like tapioca balls). The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the industry. If youre looking for a sweet, refreshing drink that doesnt compromise on flavor or quality, bubble tea is the answer. 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.. And if youre looking for all the facts and figures that back up our claim, you have this blog post. There are many teas, they can vary in . For instance, Nextrends Asia 2021 displayed a surge in Taiwans exports of pearl milk teas base ingredients (raw materials, packaging and machinery, and others) which was an increment of 330% as compared to 2018. This is a decrease, compared to the growth of about 7.64% per year, registered in 2015-2019. Availability of Other Caffeinated Drinks to Impede Growth. They are made from cassava starch, a common ingredient in Brazilian culture, and they take time, effort, and skill to make properly. (Caffeine Informer) In addition, the growing gastronomic tourism, rising number of health-conscious individuals, and increased social media influences further paved the way toward growing potential. 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. 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. 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. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. Add the ice cubes, and shake so the whole drink can get cold. The drink became popular during the 1990s, just in time for millennials to develop a taste for it. Thanks for sticking with me in this huge post. The at-home market, also called off-trade market, covers all retail sales via super- and hypermarkets, convenience stores or similar sales channels. China is one of the prominent regions in the market that accounted for a sizeable share of the total market in 2019. Adults' total beverage consumption drops steadily with age. 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. Your email address will not be published. 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. Chocolate flavored milk tea is tremendously popular in which chocolate powder is blended with milk to strengthen its flavor. One concession owner became popular with her . 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. 10. Singapore market is forecasted to grow at a CAGR of 10.7%. 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. 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). A. According to ourlatest study, due to COVID-19 pandemic, the global Bubble Tea market size is estimated to be worth USD 8295.5 million in 2021 and is forecast to a readjusted size of USD 26870 . 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. 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. December 17, 2022. There was a 3,000% increase in the amount of bubble tea orders in Southeast Asia in 2018. Bubble tea has a sweet, sour, and tangy taste that varies depending on the type of fruit used. It should be no surprise then that sugar is a primary ingredient in the drink. +44 208 097 3636. 10. Asia-Pacific (APAC) dominates the bubble tea market because of the high consumption of the bubble tea within the region. What are the key factors driving the market? . For one, there are all of the sweet flavors and fun combinations of ingredients you can get. 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. Thailand will emerge as a lucrative market over the forecast period with a CAGR of 8.7%. The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. Tea - Australia - Statista - The Statistics Portal for Market Data Ask for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-12310. 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. 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. Tapioca balls or "pearls" are often added to the concoction as well. SOURCES OF FREE SUGARS - Australian Bureau of Statistics Bubble tea made a rise in popularity in 2018 with a 3000% increase in orders from Southeast Asia. The forecast period in the global bubble tea market report is 2019-2027. This can be attributed to the rise in awareness regarding healthy lifestyle and higher adoption of healthy beverages by health-conscious consumers. Modern Asian Desserts, expanded its business in the country by introducing various boba milk tea outlets. If theres one thing you can count on, its that bubble tea is going to be more popular among women than men. Bubble Tea originated in Taiwan in the early 1980's at a small tea stand. Moreover, based on the study by the finance-based startup, Momentum Works and payment startup, Qlub, Indonesias bubble milk tea market ranked first among all the Southeast Asian countries. 2016. However, the green tea segment is expected to grow at the highest CAGR throughout the forecast period, owing to growth innumber of health conscious consumers worldwide. 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. A. Let's assume that the daily maintenance calories for an average adult man are 2,500 kcal, and for an average adult . 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 . 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. For instance, in September 2020, Chen Shucheng started a new bubble milk tea franchise in Singapore called Meme Xpress. 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. 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. 2023 Allied Market Research. 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. 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. The segment is expected to display an 11.4% CAGR, and account for more than 38% of the global market share. For those looking to cut back on sugar, bubble tea may not be the best choice. Tea is a large part of modern Australian culture due to its British origins. The types include milk tea, black tea, fresh fruit tea, smoothies or milkshakes, fresh milk, and salted cream. Moreover, increase in disposable income and economic growth in advanced & emerging economies support the market growth. CXOs from the leading companies perceive that product innovation, development of newer flavor, and use of organic preservatives & color in the manufacturing process are the major areas of growth for the bubble tea market. . South America is anticipated to grow in terms of sales volume of the products in the coming years. When we say that bubble tea is insanely popular, were not joking. Insights. Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. Rising Raw Material and Transportation Cost Due to the Pandemic to Slow Down the Market Growth. The key players alsorelyon product launch to improve their product portfolio and stay relevant in the global market.The key players profiled in thereport include Bobabox Limited, Bubble Tea House Company, Cuppotee, Fokus Inc., Gong Cha, Lollicup USA, Inc., Sumo's (M) SdnBhd, Ten Ren's Tea Time, The Bubble Tea Company, and Troika JC. Followed by black tea, the green tea segment is expected to hold a major percentage of the market share. Synthetic Food Colors Market Outlook: The global synthetic food colors market size is estimated to be valued at US$ 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. Tea culture: A transformation is brewing in India - The Statesman 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. 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). List of countries by tea consumption per capita - Wikipedia Find your information in our database containing over 20,000 reports, Consumer Market The Asia Pacific bubble tea market is expected to flourish with multiple market opportunities. 11. Meanwhile, Philippinos drink five cups of this tea per month. 6. Post- Budget webinar News Updates Live: This year's budget will give [email protected]. Green tea. Girls and women are the primary demographic among bubble tea drinkers, with 95% having tried it. Methods: Self-report questionnaires were used to assess bubble tea consumption and mental status. 19 Shocking Tea Consumption Statistics - BrandonGaille.com Companies in the Industry are Aggressively Expanding their Franchisees to Cater to the Growing Demand. page 1 . 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 expected to grow at a CAGR of 7.40%, during the forecast period. Ready to drink tea products have seen a 15x increase in sales and consumption since 2004. Bubble milk teas surge in popularity is mainly attributed to taste, affordability, and the rising reinvention of the basic tea recipe. This cross-sectional study investigated the association between bubble tea consumption and symptoms of anxiety and depression in a population-based sample. 8. The global bubble tea market size was valued at USD 2.17 billion in 2021. The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca. Tea industry statistics, analysis, market share, market reports Coffee shop. Key players in the global bubble tea market are focusing on releasing novel and unique flavors of bubble tea. 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. I appreciate the timeliness and responsiveness of you and your team., (applicable to 1 report only for the same license type), The global bubble tea market is projected to grow from $2.29 billion in 2022 to $3.78 billion by 2029, at a CAGR of 7.40% in the forecast period, 2022-2029, 2020 Fortune Business Insights . 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). Start reading instantly ,This Report and over 19,845+ more Reports, Available with Avenue Library, T&C*, WRITE AN EMAIL [email protected], U.S. - Canada :+1-800-792-5285 (Toll-free) Int'l : +1-503-894-6022 UK : + 44-845-528-1300. Over 90% of the tea consumed is Black Tea, about 5% Green Tea, 1% Oolong Tea and the balance flavored, scented, or mixed teas. This is a list of countries ordered by annual per capita consumption of tea, as of 2016. This is likely due to its naturally sweet flavor and all of the different varieties of teas that are available. 12. Deep Vein Thrombosis (DVT) Therapy Market Valuation Worldwide 2023 An average, medium-sized serving of bubble tea has, on average, 335 calories. Bubble tea consumption and its association with mental health - PubMed The market is expected to grow annually by 2.61% (CAGR 2023-2025). The global COVID-19 pandemic has been unprecedented and staggering, with bubble tea experiencing lower-than-anticipated demand . 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. To know how our report can help streamline your business, Speak to Analyst, Shift of Consumers toward Black Tea Due to its Health-Imparting Properties Boosts Market's Performance. Press release from: Analytics Market Research. This can be attributed to rise in the popularity of bubble tea with black tea as a base ingredient across the globe. Versatility in flavor, health benefits, and social media trends drive the market. Moreover, the availability of suitable alternatives, such as unsweetened tea, coconut water, fruit-infused teas, and others, offering similar benefits, hamper the global market growth. PDF Global Market Report: Tea - International Institute for Sustainable The market is anticipated to be valued at US$ 46.0 Mn in 2032. July 26, 2022 10:30 ET The price might seem high, but you have to consider everything that goes into making it, which includes: On the surface, bubble tea seems like a simple drink. In 2019, tea revenue globally is about US$214,761m and is expected to grow each year by 6.9% until 2023. Against this backdrop, the market valuation is projected to reach US$ 245 Mn by 2032. It is made using green tea, white tea, black tea, or oolong tea. Asia Pacific is expected to dominate the market during the forecast period. The bright colors and availability of sweet and fruity flavors especially appeal to children . 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 . Brands, such as Koi The Co, Moge Tee, and M.A.D. Based on our analysis, the global market exhibited a slower growth of 2.76% in 2020 as compared to 2019. Need to talk to an expert? It includes flavor variants such as lychee, mango, passion fruit, peach, plum, strawberry, avocado, banana, grape, kiwi, lemon, and others. Pour into a glass, and add tapioca. 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! 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. One kilogram therefore represents 500 cup equivalents. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. Statista. 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. How Much Is the Bubble Tea Industry Worth. 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. Extruding the tapioca into these small balls is difficult work. Companies, such as Lollicup U.S.A. Inc., Gong Cha, Chatime, and others, have invested in research and development activities to offer new variants of tea for a growing market. Bubble tea truly is an international drink! Statista. making yummy bubble tea with BBT Club today. Adolescents drink too much caffeine - Medical News Today Availability of a Wide Range of Products for Enticing Younger Generation to Boost Growth. Read More . The closure of Shanghai . But did you know that there are six different types of bubble tea? The bubble tea market in Thailand is predicted to register an 8.7% CAGR. In this era, the growing consumer preferences for products depend on various factors such as choice of taste, price, brand, and location accessibility. The consumption of organic tea rose by 1.06 million gallons in 2018. Commentary: The curious case of Singapore's devotion to bubble tea Symptoms of . Rank Country/Region Tea consumption 1 Turkey: 3.16 kg (6.96 lb) . 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. Between 2021 and 2028, the global tea market is expected to grow at a CAGR of 6.6%. However, excess sugar content in these drinks leading to health issues and trend of coffee consumption are expected to restrict the market growth. This is far higher than the cost of a similar amount of milk or juice, but the high price does not seem to deter people from making it their go-to beverage. 7.3.9.1. The market was expected to reach a valuation of US$ 2.3 Bn by the end of 2021. Who drinks bubble tea? What statistics can tell us about - Australia Theory seemed to meet reality . In global comparison, most revenue is generated in China (US$111,800.00m in 2023). Apart from being a healthier alternative, becoming a trending beverage, especially among younger consumers, has also aided market growth for bubble tea. BUBBLE TEA CRAZE in Southeast Asia - mise en place Ice-blended versions are usually mixed with fruit or syrup, resulting in a slushy consistency. Health Reports: Beverage consumption of Canadian adults: Findings
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