Whats your favorite bubble tea base to start with? BUBBLE TEA CRAZE in Southeast Asia - mise en place December 17, 2022. Black tea is the most consumed tea around the world. 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 $3.78 billion by 2029, at a CAGR of 7.40% in the forecast period, 2022-2029, 2020 Fortune Business Insights . Press release from: Analytics Market Research. Introduced to China in the early 1990s, it quickly became one of the most popular drinks in the nation. The drink became popular during the 1990s, just in time for millennials to develop a taste for it. The growing interest of consumers in innovative beverages with bold flavors and their willingness to experiment with various flavors is captivating the consumers attention, which contributes to fueling the market growth. Your email address will not be published. +44 208 097 3636. Tartrazine Market Trend: Global tartrazine market is projected to reach a valuation of US$ 120 Mn in 2022, with demand growing at a 7.0% CAGR over the forecast period. Nevertheless, manufacturers are trying to introduce new beverage options, such as bubble milk tea, in the market. Commentary: The curious case of Singapore's devotion to bubble tea Chewy tapioca balls or different flavored jellies are then added to give bubble tea the fun, chewy texture that it is known for! It is made using green tea, white tea, black tea, or oolong tea. But did you know that there are six different types of bubble tea? Jan 2023. Victorian Government, Department of Health and Human Services. With globalization, new trends have started striking the food service market, thereby influencing the young generation to try new beverages. The 30 Tea Drinkers vs. Coffee Drinkers Statistics. The Middle East & Africa showcases a slower growth as pearl milk tea is consumed as a social drink or as a gesture of hospitality. A South Australian Health Omnibus Survey (SAHOS) done in 2014 showed that there was a . 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 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. 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. One concession owner became popular with her . 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. Premium Statistic Global tea consumption 2012-2025 . This can be attributed to rise in the popularity of bubble tea with black tea as a base ingredient across the globe. The global bubble tea market size was valued at USD 2.17 billion in 2021. Bubble tea is a mix of milk, tea, and fruit juice with added bubbly-looking toppings (like tapioca balls). Find your information in our database containing over 20,000 reports, Consumer Market Gain competitive intelligence about market leaders; Track key industry trends, opportunities and threats; Inform your marketing, brand, strategy and market development, sales and supply functions Need to talk to an expert? Why buy this report? By 2025, 70% of spending and 10% of volume consumption in the Tea . When you look at the marketing for bubble tea, the numbers make sense. 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 shops, or Boba tea as it is frequently called in America, can be found in almost every major city across the country. A. How Much Is the Bubble Tea Industry Worth. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. This popular sweetened tea is made up of high-quality milk and tapioca pearls, along with fruit powder, creamer, and sweeteners. Chocolate flavored milk tea is tremendously popular in which chocolate powder is blended with milk to strengthen its flavor. Bubble Tea Market size was estimated at $2.1 billion in 2020, projected to increase at a CAGR of 6.8% during the forecast period 2021-2026. Industrial Alcohol Market Volume: The global industrial alcohol market size is set to be valued at US$ 110.3 Bn in 2022 and it is expected to grow at a CAGR of 7.6% from 2022 to 2032. Virtually any flavor that you can imagine exists with bubble tea. Ready to drink tea products have seen a 15x increase in sales and consumption since 2004. Nigeria, specifically, has become a hub for cassava production. Nearly everyone in Thailand enjoys drinking bubble tea, to the point that they have surpassed every other country in the amount that they drink! If you love bubble tea and are looking for a make your own bubble tea kit, this is the place! Modern Asian Desserts, expanded its business in the country by introducing various boba milk tea outlets. Boba tea is creating a buzz among individuals worldwide, owing to its growing appeal and novelty. In Asia, however, it is equally popular among men and women and is seen as a cultural phenomenon. All these aspects necessitate the manufacturers to develop premium quality teas by keeping the consumer demands in mind. The Asia Pacific market held the largest share and was valued at USD 0.90 billion in 2021. Young people between ages 20 and 29 are interested in bubble tea. 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 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. 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. Although there are plenty of bubble tea flavors to choose from, fruit teas tend to be the most popular. 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. Emerging countries such as China, India and Brazil growing with the CAGR of 8%, 9.5%, and 8.3% respectively. Tea is one of the most popular beverages consumed worldwide. We selected the top 40 popular menu items from three of the most commonly used OFD applications in 2021. Some specialty shops have menus with smaller sizes and prices as low as $2 to $3 per serving. info@pearllemongroup.com. Changes in consumers tastes and preferences have fostered growth for the bubble tea market over the forecast period. By sugar content, reduced sugar/sugar-free category will gain traction over the forecast period. Also, due to the strong dependency on Asian countries to source raw materials, such as tapioca balls, from Taiwan, it hinders the production process and impacts their overall operations. This segment does not include herbal tea, instant tea, iced tea or similar tea-derived Ready-to-Drink beverages. The bubble tea market was valued at $2.4 billion in 2019 and is estimated to reach $4.3 billion by 2027, registering a CAGR of 7.80% from 2020 to 2027. Ltd. Frustrated customers have to remember that the tapioca balls arent just an inexpensive filler; theyre an integral part of what makes bubble tea unique and fun. Although people of all ages frequently enjoy bubble teas across the globe, younger people tend to drink them more frequently. A popular version of bubble tea, known as Thai iced tea originated in Thailand in the 1800s, and when bubble tea was invented people began adding tapioca balls to it. Read More . The market value of the bubble tea market is anticipated to reach a high of US$ 5.82 billion by the year 2032. 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 . 01 The first bubble tea came out in the early 1980s. All rights reserved. The two businesses are known for their zingy fruit tea drinks. PDF Global Market Report: Tea - International Institute for Sustainable A. Accelerated demand for healthier beverage alternatives to carbonated drinks coupled with shifts in consumer preferences is fueling market growth for bubble tea. In global comparison, most revenue is generated in China (US$111,800.00m in 2023). 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 (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. 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. 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 article shared insights on the bubble tea craze in Southeast Asia. In 2019, tea revenue globally is about US$214,761m and is expected to grow each year by 6.9% until 2023. 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. As more and more countries discover the delicacy that is bubble tea, these figures are sure to continue growing. 2. Were guessing you already know what bubble tea is. Bubble Tea Popularity Statistics Singapore - Emkan.me Businesses that sell bubble tea (including those that serve other drinks, such as coffee and smoothies) face a lot of competition since there are many places where customers can find the same drink. Bubble tea brands expected to produce novel and unique products over the forecast period. 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. Availability of a Wide Range of Products for Enticing Younger Generation to Boost Growth. 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. Green tea has shown long-term energy inducing properties and has a positive effect on the regulation of body weight. This can be attributed to the availability of various options such as combination of various liquid flavors and syrups. Such initiatives further support the immense growth opportunities for the companies. 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). Originally created in Taiwan in the 1980s, bubble tea has quickly exploded in popularity. This is likely due to its naturally sweet flavor and all of the different varieties of teas that are available. 297 billion liters of tea were consumed worldwide in 2021. Malaysia Coffee & Tea Market Research Reports & Analysis page 1 (Caffeine Informer) PDF A Cross-sectional Study on Knowledge, Attitude and Practice of Bubble South America is anticipated to grow in terms of sales volume of the products in the coming years. From Farmer Welfare and Supply Chain to the Latest Trends, Tea Experts Share Insights. At what CAGR is the bubble tea market projected to grow in the forecast period (2022-2029)? 11.2% of Victorian adults consume sugar sweetened beverages daily. 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. PDF Demographic Summary - TeaUSA Each . Versatility in flavor, health benefits, and social media trends drive the market. For people aged 71 or older, the figures were substantially lower, at 1,584 grams and 1,532 grams, respectively. 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. The success of bubble tea in China explained - Daxue Consulting Alcoholic Tea Market 2023: Research, Analysis, Trends, 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. Find the most up-to-date statistics and facts on the tea market in Canada. Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-12310, Explore FMIs Extensive Coverage on Food and Beverage Domain. 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. Bubble Tea Club | DIY Bubble Tea Kits Which region held the highest share in the market? Bubble tea | Infopedia - National Library Board . Increased demand for bubble tea has been fuelled by pearl milk tea, which is becoming increasingly popular as one of the healthier alternatives to carbonated beverages. Bubble tea is extremely high in calories. 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. 12. The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca. Its not just the sugar that gives these drinks their sweetness, though; many restaurants also add sweeteners to them. 84% of the tea that is consumed is black tea. 10. About 200 million pounds of tea leaves (bagged & loose) are shipped into the United However, excess sugar content in these drinks leading to health issues and trend of coffee consumption are expected to restrict the market growth. According to the Indian Tea Association 2020, tea price has risen by 25%-40% on an average due to lockdown in the tea growing regions, leading to a drop in crop size along with disruptions in transportation and logistics. 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. 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. Bubble tea is known for its sweet taste. The consumption of organic tea rose by 1.06 million gallons in 2018. Quick Facts. A. As of December 2018, GrabFood's bubble tea network encompasses over 1,500 brands with 4,000 outlets throughout . 1.In 2019, 64% of Americans aged 18 and over drank coffee every day. . 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. It includes flavor variants such as lychee, mango, passion fruit, peach, plum, strawberry, avocado, banana, grape, kiwi, lemon, and others. Followed by black tea, the green tea segment is expected to hold a major percentage of the market share. According to a recent consumer study, 94% of people between ages 20 and 29 have purchased bubble tea within the last 3 months. 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. Thailand leads in bubble tea consumption at an average of 6 cups 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. Our objective was to assess the nutritional profile of popular menu items available through OFD applications in Bangkok, Thailand. Bubble milk teas surge in popularity is mainly attributed to taste, affordability, and the rising reinvention of the basic tea recipe. 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. Key players in the global bubble tea market are focusing on releasing novel and unique flavors of bubble tea. Symptoms of . Between 2021 and 2028, the global tea market is expected to grow at a CAGR of 6.6%. The value of its market is estimated to be $5.2 billion. If theres one thing you can count on, its that bubble tea is going to be more popular among women than men. The black tea segment is expected to be the leading segment in the global market. List of countries by tea consumption per capita - Wikipedia Join over 60,000 Bubblers (that's what we call our lovely customers!) 9. According to the bubble tea market share, based onflavor, the fruit flavor segment was the most prominent segment accounting for the highest share in the bubble tea market, in 2019. 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. The Asia Pacific bubble tea market is expected to flourish with multiple market opportunities. 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. 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. Bubble tea is also known as (Zhen Zhu Nai Cha) directly translates to pearl milk tea, but is also known as boba tea in . Such challenges cumulatively hamper the growth potential of the global market. We use cookies to enhance your experience. Boost your students confidence by putting their results next to the public's 04 For a short time in 2012, all 800 branches of McDonalds in Germany sold bubble tea. Essential Facts. Bubble tea truly is an international drink! Looking forward to work together in the future, It has been a delightful experience working with you guys. 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 (%) . Unilever (Lipton), Associated British Foods (Twinings) and Tata Global Beverages (Tetley) are globally the most important players by revenue. Rank Country/Region Tea consumption 1 Turkey: 3.16 kg (6.96 lb) . 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. Choice Reviews Reveal Australian Tea Trends | World Tea News The availability of different types of milk tea offers numerous options for consumers to enjoy. Request Now ! How much sugar was consumed? 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. It looks quite comprehensive and the data is exactly what I was looking for. With bubble teas sudden increase in popularity, it should be no surprise that the industry is only expected to keep growing. 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. IJERPH | Free Full-Text | Nutritional Content of Popular Menu Items Manufacturers are capitalizing on improving the functionality of boba drinks ingredients to cater to the rising demand from consumers. For instance, the base ingredients required for the preparation of black or green tea are exported from India, but due to the imposed regulations, companies were unable to process the demands of the manufacturers. Sugary drink consumption data Today, millennials, zennials, and gen z account for the vast majority of the countrys bubble tea consumption. 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. 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. Although the drink was originally created in Taiwan, its signature ingredient is primarily grown in Nigeria, Thailand, Indonesia, and Brazil. While bubble tea is enjoyed by people of all ages, it tends to be a global favorite among younger people. 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. This means, market totals are not comparable to published data from prior years. Let's assume that the daily maintenance calories for an average adult man are 2,500 kcal, and for an average adult . Bubble Tea Market Share, Size and Industry Growth Analysis 2021-2026 Porters five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplierbuyer network. 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. These drinks are made with milk tea and tapioca pearls (to make the bubbles), which contain a lot of natural sugar. 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. The region is witnessing a cross-cultural food consumption trend, and the growing health and wellness approach is also expected to boost the growth. SOURCES OF FREE SUGARS - Australian Bureau of Statistics 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. July 26, 2022 10:30 ET Until 2025, the tea market in Philippines is forecast to reach 109.79 million USD (in retail prices), thus increasing at a CAGR of 6.70% per annum for the period 2020-2025. The demand for bubble tea is predicted to grow at an impressive rate. 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. Asia-Pacific (APAC) dominates the bubble tea market because of the high consumption of the bubble tea within the region. Who drinks bubble tea? What statistics can tell us about - Australia Bubble tea can be found on every continent today, except for Antarctica, of course! However, the sweeteners segment is expected to witness the highest growth, owing to rise in demand for sweet beverages across the globe. 16. Moreover, zero fat and low calorie contents of . Very Popular Bubble Tea - Allrecipes For example, according to . In the United States, 95% of women have tried bubble tea versus 81% of males. The appearance of the finished drink is what led to its name. Interesting Facts. And if youre looking for all the facts and figures that back up our claim, you have this blog post. 7.1% consumed diet drinks daily. Bubble Tea Market Sale, Share, Size, Growth & Forecast -2032 Tea is a beverage made by pouring hot water over cured leaves. 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.
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