The at-home market, also called off-trade market, covers all retail sales via super- and hypermarkets, convenience stores or similar sales channels. 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. 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. We use cookies to enhance your experience. Bubble Tea Calories, Is Boba A Healthy Drink? - Honest Food Talks Bubble Tea Market Analysis, Growth & Forecast 2027 - Yahoo! 12. Australians drink tea and have afternoon tea and morning tea much the way the British do. Elementary school children would look forward to buying a cup of refreshing tea after a long, hard day of work and play. 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. [1] Let's assume that the daily maintenance calories for an average adult man are 2,500 kcal, and for an average adult . Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. Organic Tea Market Size, Share and Growth [2020-2027] According to a recent consumer study, 94% of people between ages 20 and 29 have purchased bubble tea within the last 3 months. The bubble tea industry is expected to reach $3.39 billion by 2027. A. Statista. Because of its proximity to Taiwan, where bubble tea was created, China quickly became a fan of the sweet beverage. Chatime, Gong Cha, Coco Fresh Tea & Juice, and Lollicup USA, Inc. are the leading players in the market. The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca. 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. IJERPH | Free Full-Text | Nutritional Content of Popular Menu Items 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. Commentary: The curious case of Singapore's devotion to bubble tea Black tea is the most consumed tea around the world. 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.. October 26, 2021 13:00 ET | Source: Fortune Business Insights. Girls and women are the primary demographic among bubble tea drinkers, with 95% having tried it. The key players in the industry receiving high levels of popularity and response from customers are franchising their businesses into different locations. 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. Bubble teas growing appeal to a younger demographic coupled with its popularity as a nootropic beverage will likely supplement the sales of the tea in the market over the forecast period, says an FMI analyst. The drink became popular during the 1990s, just in time for millennials to develop a taste for it. Premium Statistic Global tea consumption 2012-2025 . Global Bubble Tea Market - Data Bridge Market Research China is projected to exhibit a 7.5% CAGR. Bubble tea consumption and its association with mental health - PubMed 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 Tea is a famous non-alcoholic beverage drink that first . 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. Driven by Elevated Demand for Healthier Drinks; Bubble Tea To get the sample of bubble tea market report, click on the link (Please paste the link here). The closure of Shanghai . What are the key factors driving the market? Bubble tea | Infopedia - National Library Board Tea is one of the most popular beverages consumed worldwide. Moreover, increase in disposable income and economic growth in advanced & emerging economies support the market growth. 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. 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! The bubble tea market was valued at $2.4 billion in 2019 and is estimated to reach $4.3 billion by 2027, registering a CAGR of 7.80% from 2020 to 2027. 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. 11. The Asia Pacific market held the largest share and was valued at USD 0.90 billion in 2021. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. In 2020, China dominated the tea market with 78.7 billion US dollars of revenue. The bubble tea market was valued at $2.4 billion in 2019 and is estimated to reach $4.3 billion by 2027, registering a CAGR of 7.80% from 2020 to 2027. 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. Furthermore, a decline in the growth of bubble tea consumption is witnessed due to strong restrictions on import and export facilities. Alcoholic Tea Market 2023: Research, Analysis, Trends, Introduced to China in the early 1990s, it quickly became one of the most popular drinks in the nation. Your email address will not be published. About 200 million pounds of tea leaves (bagged & loose) are shipped into the United Kenya is one of the main global tea exporters and as a result, it is no surprise that Kenyans love their tea, in particular black tea, though in 2022, fruit/herbal tea registered the highest current value growth. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 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 . Tea in Australia | Market Research Report | Euromonitor Bubble Tea Market Analysis, Growth & Forecast 2027 | Major 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. Global Bubble Tea Market Size, Growth, Share, Industry Trends Analysis Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. Which region held the highest share in the market? The global bubble tea market size was valued at USD 2.17 billion in 2021. 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. 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. The Bubble Tea Club Kit has everything you need to make delicious homemade bubble tea. 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. The global bubble teamarket holds a substantial scope for growthduring the forecast period. 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. 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. Adolescents drink too much caffeine - Medical News Today Based on our analysis, the global market exhibited a slower growth of 2.76% in 2020 as compared to 2019. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. Which is the leading segment based on the product type in the market? 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 . 8. We are happy to help. Bubble teas distinct flavor, easy product availability, and numerous varieties offered will help the market to flourish. Rank Country/Region Tea consumption 1 Turkey: 3.16 kg (6.96 lb) . The bright colors and availability of sweet and fruity flavors especially appeal to children . Moreover, as per researches conducted by different reputed organizations, tea is proven to prevent different type of cancers, lower cholesterol, help boost immunity, facilitate weight loss, and prevent neurological diseases.This indicates that the health benefits associated with bubble tea are anticipated to drive the overall market. 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. Bubble Tea originated in Taiwan in the early 1980's at a small tea stand. The types include milk tea, black tea, fresh fruit tea, smoothies or milkshakes, fresh milk, and salted cream. 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 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 devotion to bubble tea is so fanatical that in 2020, at the cusp of the circuit breaker, an argument broke out between a food rider and store employees about a hold-up in orders. 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. We selected the top 40 popular menu items from three of the most commonly used OFD applications in 2021. In Asia, however, it is equally popular among men and women and is seen as a cultural phenomenon. Bubble Tea Market - Persistence Market Research Such challenges cumulatively hamper the growth potential of the global market. Thanks for sticking with me in this huge post. 6. Ice-blended versions are usually mixed with fruit or syrup, resulting in a slushy consistency. Global Demand for Coffee - Despite the demand for coffee in the United States, the country only ranks 25th in per capita coffee consumption. Looking forward to work together in the future, It has been a delightful experience working with you guys. In fact, tea was aboard the First Fleet in 1788. 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. Worldwide Tea Statistics. Interesting Facts. In 2020-21, of people aged 18 years and over: 6.4% consumed sugar sweetened drinks daily. 9. Bubble milk teas surge in popularity is mainly attributed to taste, affordability, and the rising reinvention of the basic tea recipe. By base ingredient, it is divided into black tea, green tea, oolong tea, and white tea. Green tea has shown long-term energy inducing properties and has a positive effect on the regulation of body weight. Adults' total beverage consumption drops steadily with age. 'Revenge bubble tea drinking': Shanghai awakes from Covid lockdown Bubble tea shops, or Boba tea as it is frequently called in America, can be found in almost every major city across the country. Tea is an aromatic beverage derived . There was a 3,000% increase in the amount of bubble tea orders in Southeast Asia in 2018. Bubble Tea Market Sale, Share, Size, Growth & Forecast -2032 Tea Drinkers vs. Coffee Drinkers: 30 Statistics to Know in 2023 Who are the leading players in the market? In global comparison, most revenue is generated in China (US$111,800.00m in 2023). Table I : Prevalence1 of Bubble Tea Consumption among Students in University of Cyberjaya according to Sociodemographic Descriptions Sociodemographic description Bubble tea consumption Consume, n (%) Do not consume, n (%) Total, n (%) . The availability of different types of milk tea offers numerous options for consumers to enjoy. Background: Bubble tea has become enormously popular in China in recent years. The chewy tapioca balls or pearls are undoubtedly the stars of any bubble tea drink. Companies in the Industry are Aggressively Expanding their Franchisees to Cater to the Growing Demand. Per Capita Global Tea Consumption Patterns Americans consume more than 50 billion servings of tea a year, nearly 85% of which is iced. Teenagers and people in their 20s consistently account for the highest consumer percentage of bubble teas. making yummy bubble tea with BBT Club today. Rising consumption of tea and coffee as nootropic drinks among students and working-class population is a key factor for the market growth. The current valuation of the market is US$ 2.50 billion in 2022. 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. Sometimes they are blended with ice to give them a more slushy-like consistency. The forecast period in the global bubble tea market report is 2019-2027. 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. Millennial Tea Drinking Stats - Tea continues to gain market share in surprising areas. 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. Methods: Self-report questionnaires were used to assess bubble tea consumption and mental status. 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. Malaysia Coffee & Tea Reports: Our 2023 Malaysia report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Coffee & Tea market. For those looking to cut back on sugar, bubble tea may not be the best choice. Coffee Consumption Statistics: 2021 - Urban Bean Coffee It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years. Tea market in Canada - statistics & facts | Statista 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. Apart from the U.S. and Asian countries, the trend of milk tea is also extensively growing amongst individuals residing in the Middle East and Africa. Published. US Coffee Statistics. 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. Tea is considered the second most popular drink of choice worldwide. +44 208 097 3636. Italy's economy contracted by 0.1 per centquarter-on-quarter in the final three months (Q4) of last year, thecountry's National Institute of Statistics (ISTAT) said.On a year-on-year basis, gross domestic product (GDP) in the quarterincreased by 1.4 per cent, against the originally estimated 1.7 percent, reports Xinhua news agency citing ISTAT . On the basis of flavor, it is categorized into original flavor, coffee flavor, fruit flavor, chocolate flavor, and others. Market size and forecast, by Flavor, 2020-2028 The research report includes quantitative and qualitative insights into the market. Young people between ages 20 and 29 are interested in bubble tea. . However, the consumption of tea is not as prominent as the popularity of coffee in South American countries such as Argentina and Brazil. 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 . Bubble tea is drunk by millions of people around the world every single day, even in countries that you might not expect! Thailand leads in bubble tea consumption at an average of 6 cups per person per day. But in case you dont Its tea served with a giant chewy ball of tapioca at the bottom of the cup. Bubble Tea Popularity Statistics Singapore - Emkan.me That is approximately four cups of brewed coffee, 10 cans of cola or two "energy shot . Tea is a large part of modern Australian culture due to its British origins. The percentage of tea that is consumed which is green tea: 15%. Symptoms of . Bubble Tea Market Size, Share, Growth Report, 2020-2027 info@pearllemongroup.com. 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. Find the most up-to-date statistics and facts on the tea market in Canada. Art & Craft. 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. The global market for organic tea is showcasing strong growth principally because of the growing knowledge regarding safer counterparts of organic products among consumers. Whats your favorite bubble tea base to start with? Bubble Tea: What Happened To A 14-Year-Old Who Drank It - Forbes 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. Sugary drink consumption data Asia Pacific is expected to dominate the market during the forecast period. The bubble tea market in Thailand is predicted to register an 8.7% CAGR. 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. According to Fortune Business Insights, the Asia Pacific region holds the largest market share and is expected to grow at a compound annual growth rate (CAGR) of 10.07 per cent by 2027. 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. 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. PDF A Cross-sectional Study on Knowledge, Attitude and Practice of Bubble 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. 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. Coffee shop. 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. 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. Whether youre feeling something sweet, fruity, and refreshing, something soothing and tea-like, or a slushy smoothie like-drink, bubble tea has you covered. In theory, the bubble tea pearls could stick together and form rather difficult to pass blobs, especially when other ingredients are making them thicker and sturdier. Tea Statistics | Consumption & 2023 Industry Data - Your Best Digs Press release from: Analytics Market Research. Survey: Millennials, Gen Z Big Fans of Bubble Tea In addition, aggressive advertisements and celebrity end orsements have also helped the global market to pave its way toward growth. They are made from cassava starch, a common ingredient in Brazilian culture, and they take time, effort, and skill to make properly. Availability of a Wide Range of Products for Enticing Younger Generation to Boost Growth. . As of December 2018, GrabFood's bubble tea network encompasses over 1,500 brands with 4,000 outlets throughout . 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. Strong dependency on Asian countries to source raw materials acts as one of the major restraints in the market. How much is the global bubble tea market worth? In the next five years, the bubble tea industry is expected to grow by nearly 54%. As more and more countries discover the delicacy that is bubble tea, these figures are sure to continue growing. 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. This popular sweetened tea is made up of high-quality milk and tapioca pearls, along with fruit powder, creamer, and sweeteners. Studies showed that green tea-based milk tea is proven to be beneficial for lowering blood pressure and the risk of cancer. Today, millennials, zennials, and gen z account for the vast majority of the countrys bubble tea consumption. The bubble tea industry was valued at $2.2 billion in 2019. The market for Tea segment is expected to show a volume growth of 1.6% in 2024. Europe is expected to witness significant growth during the forecast period of 2022 to 2029 because of the increase in the demand for healthy hot beverages in the region. The market is expected to grow at a CAGR of 7.40%, during the forecast period. The data offered to us was exactly what we were looking for. Bubble milk tea has a strong market potential as it offers various types and flavors of boba teas, such as fruit-flavored, green jasmine, and black tea-based milk tea, across the globe. NEWARK, Del, July 26, 2022 (GLOBE NEWSWIRE) -- The global bubble tea market is projected to reach a value of US$ 5.5 Bn by 2031, with sales growing at a robust CAGR of 8.8% for the forecast period . By sugar content, reduced sugar/sugar-free category will gain traction over the forecast period. Meanwhile, Philippinos drink five cups of this tea per month. These organizations are focusing on product innovation and targeting the millennial consumer as the group is known for its willingness to experiment with new flavors. 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. If you love bubble tea and are looking for a make your own bubble tea kit, this is the place! Moreover, European and other Scandinavian countries are prominent followers of tea and coffee cultures, and thus are keenly interested in experimenting with new types of fruity flavors, herbal, and pearl milk teas. 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. Tea is a beverage made by pouring hot water over cured leaves. 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. Bubble Tea - Pearl Lemon Boba 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. Cook for about 20 minutes. Required fields are marked *. 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. After decades of slowly increasing in popularity, the big bubble tea boom happened in 2018. A. According to the bubble tea market analysis, based on base ingredient,the black tea segment generated maximum revenue in 2019 and is expected to continue this trend throughout the forecast period. Request a Free sample to learn more about this report. 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