Elementary school children would look forward to buying a cup of refreshing tea after a long, hard day of work and play. What may surprise you though is the amount of sugar! 8. Based on the base ingredient, green tea will lead the market growth over the forecast period. Moreover, countries such as Japan, China, the U.S., and Canada are the major consumers of pearl milk tea, and have also experienced a slight dip in their growth due to hindrances in production as well as supply chains during the year 2020-21. Studies showed that green tea-based milk tea is proven to be beneficial for lowering blood pressure and the risk of cancer. Cassava flour itself comes from the cassava root, which is native to South America but has become a staple food in many African nations. 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). Ask for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-12310. 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. Some specialty shops have menus with smaller sizes and prices as low as $2 to $3 per serving. Moreover, increase in disposable income and economic growth in advanced & emerging economies support the market growth. Graph. Pune, India, Oct. 26, 2021 (GLOBE NEWSWIRE) -- The global bubble tea market size is expected to reach USD 3.39 billion by 2027 . 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. 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. We value them as a research company worthy of building long-term relationships., Well done Fortune Business Insights! Data at LGA level is also presented. 3. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. In addition, the companies are focusing on the growing incidences of lactose intolerance, and thus are working toward introducing lactose-free bubble milk tea options for individuals. Awareness about health issues and their relation to meat consumption has resulted in a shift towards vegan and plant-based diets. Changes in consumers tastes and preferences have fostered growth for the bubble tea market over the forecast period. For better delivery of our new release, Please help us undestand your interest Industry and Frequency that you prefer to get the new releases. Consumption declines with age. The average volume per person in the Tea segment is expected to amount to 0.68kg in 2023. Find the most up-to-date statistics and facts on the tea market in Canada. We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Tea in Kenya. 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. Bubble Tea originated in Taiwan in the early 1980's at a small tea stand. Quinoline Yellow WS Market Analysis: The global quinoline yellow WS (water soluble) market is projected to reach a valuation of US$ 28.5 Mn in 2022, growing at a CAGR of 3.9% between 2022-2032. Furthermore, the shift of millennials toward such products owing to their demand for superior quality tea varieties with unique flavor offerings has aided in the growth. 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. Of the 30 countries that enjoy bubble tea, most are in Asia. 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. 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. 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). 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. Brands, such as Koi The Co, Moge Tee, and M.A.D. Fruit Flavor Segment is Dominating Backed by High Consumer Preference. 5. The price for bubble tea depends on where you get it. Thailand leads in . 1. The global Bubble Tea Market is expected to $4,368.6 million in 2027. 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. USD 1,195. Were big enough to handle massive projects, and yet also nimble enough to come up with names on demand that hit every time. 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. Singapore market is forecasted to grow at a CAGR of 10.7%. 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. December 17, 2022. Premium Statistic Global tea consumption 2012-2025 . The bright colors and availability of sweet and fruity flavors especially appeal to children . 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 types include milk tea, black tea, fresh fruit tea, smoothies or milkshakes, fresh milk, and salted cream. 02 Each tapioca ball has 5 to 14 calories. Boba tea, or "bubble tea," has been around since the late 1980s in Taiwan. Let's assume that the daily maintenance calories for an average adult man are 2,500 kcal, and for an average adult . The forecast period in the global bubble tea market report is 2019-2027. The demand for bubble tea is predicted to grow at an impressive rate. More Insights into the Bubble Tea Market Report. Furthermore, there has been an increase in boba stores in the U.S. and Canada, owing to the shift in consumer preferences toward no andlow-alcohol beverages, which has further contributed to the market 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. 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! Australia: 0.75 kg (1.65 lb) 17 How much is the global bubble tea market worth? Get a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12310. +44 208 097 3636. 11. 30.7% of Victorian adults consumed sugar-sweetened soft drinks at least once a week. 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. How much sugar was consumed? 1 2 3 8. For people aged 71 or older, the figures were substantially lower, at 1,584 grams and 1,532 grams, respectively. . 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. Such initiatives further support the immense growth opportunities for the companies. The major countries in each region are mapped according to their revenue contribution to the global bubble tea market. 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. 9. 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). 11. 10. A South Australian Health Omnibus Survey (SAHOS) done in 2014 showed that there was a . 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 consumption gender-wise: According to the statistics, bubble tea is a favorite drink of women. This can be attributed to the rise in awareness regarding healthy lifestyle and higher adoption of healthy beverages by health-conscious consumers. The global market for organic tea is showcasing strong growth principally because of the growing knowledge regarding safer counterparts of organic products among consumers. Consumption of sugar sweetened and diet drinks in adults. Meanwhile, Philippinos drink five cups of this tea per month. Request Now ! These drinks are made with milk tea and tapioca pearls (to make the bubbles), which contain a lot of natural sugar. Health Benefits Associated with Bubble Tea Consumption to Drive the Market Growth . Overall, though tea registered. 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. Over of the bubble tea enjoyed around the world is fruit-flavored. Among participants, 647 (88%) consumed less . 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. Moreover, rise in consumption of flavored bubble tea in young generation fuels thebubble tea market growth. Black tea is the most consumed tea around the world. 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. In the United States, 95% of women have tried bubble tea versus 81% of males. They are made from cassava starch, a common ingredient in Brazilian culture, and they take time, effort, and skill to make properly. Moreover, higher expenditure of consumers on healthy beverages adds to the popularity of bubble tea in theregion. 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. There are many varieties of the drink with a wide range of ingredients. Start reading instantly ,This Report and over 19,845+ more Reports, Available with Avenue Library, T&C*, WRITE AN EMAIL help@alliedmarketresearch.com, U.S. - Canada :+1-800-792-5285 (Toll-free) Int'l : +1-503-894-6022 UK : + 44-845-528-1300. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. 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. With bubble teas sudden increase in popularity, it should be no surprise that the industry is only expected to keep growing. info@pearllemongroup.com. That means 24 countries have higher consumption rates that are worth targeting. 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 . BBT Club is Australia's leading DIY bubble tea company for anywhere and anytime. Coffee shop. This cross-sectional study investigated the association between bubble tea consumption and symptoms of anxiety and depression in a population-based sample. 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. 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. An Infographic Representation of Bubble Tea Market, To get information on various segments, share your queries with us. A. Over 95% of females in the united states have tried bubble tea, while 81% of males . The bubble tea industry was valued at $2.2 billion in 2019. In fact, tea was aboard the First Fleet in 1788. About | Privacy Policy |Contact | Advertise | Support. These latest product ranges further act as a marketing strategy to attract a vast consumer base worldwide. Bubble tea consumption statistics show that Thais drink six bubble teas per month. According to the Indian Tea Association 2020, tea price has risen by 25%-40% on an average due to lockdown in the tea growing regions, leading to a drop in crop size along with disruptions in transportation and logistics. Interesting Facts. According to NCBI, healthy and natural ingredients such as green tea help in preventing weight gain and also in inducing weight loss when consumed regularly. Consumers are shifting toward natural and organic food and beverage products, which is one of the major factors that would help in the growth of this segment in the market. Availability of Other Caffeinated Drinks to Impede Growth. For instance, in September 2020, Chen Shucheng started a new bubble milk tea franchise in Singapore called Meme Xpress. India and Australia will lock horns in the Third Test of the ongoing Border-Gavaskar Trophy at Indore's Holkar Cricket Stadium from March 1 onwards. In the next five years, the bubble tea industry is expected to grow by nearly 54%. Our objective was to assess the nutritional profile of popular menu items available through OFD applications in Bangkok, Thailand. One cup of tea is assumed to contain 2 grams of tea. (Caffeine Informer) Bubble tea is also known as pearl milk tea. The market value of the bubble tea market is anticipated to reach a high of US$ 5.82 billion by the year 2032. 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. While bubble tea is enjoyed by people of all ages, it tends to be a global favorite among younger people. | Source: 13. Bubble tea is drunk by millions of people around the world every single day, even in countries that you might not expect! In-depth analysis and the bubble tea market size and segmentation assists in determining the prevailing bubble tea market opportunities. We use cookies to enhance your experience. Aug 16, 2022, 1:25 PM SGT. By base ingredient, it is divided into black tea, green tea, oolong tea, and white tea. making yummy bubble tea with BBT Club today. Countries such as Vietnam and Taiwan are projected to have the largest sales. It slowly spread throughout Asia before gaining popularity in the U.S. and across the globe. 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 . This popular sweetened tea is made up of high-quality milk and tapioca pearls, along with fruit powder, creamer, and sweeteners. 4364..55.011 - Australian Health Survey: Consumption of added sugars, 2011-12. Although there are plenty of bubble tea flavors to choose from, fruit teas tend to be the most popular. Per Capita Global Tea Consumption Patterns Americans consume more than 50 billion servings of tea a year, nearly 85% of which is iced. Need to talk to an expert? 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. 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". Because of its proximity to Taiwan, where bubble tea was created, China quickly became a fan of the sweet beverage. "Market Intelligence that Adds Flavour to Your Success", Region : Global | Format: PDF | Report ID: FBI101564. Originating in Taiwan, the drink typically consists of tea, milk/cream, and sugar accompanied by tapioca pearls. The campaign will be extended due to the tremendous profit achieved, which motivates the company to broaden its product offerings and brand position. On the basis of flavor, it is categorized into original flavor, coffee flavor, fruit flavor, chocolate flavor, and others. The report segments the global bubble tea market based on base ingredient, flavors, component, and region. 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 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. Nearly everyone in Thailand enjoys drinking bubble tea, to the point that they have surpassed every other country in the amount that they drink! 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. Over 90% of the tea consumed is Black Tea, about 5% Green Tea, 1% Oolong Tea and the balance flavored, scented, or mixed teas. Revenue in the Tea segment amounts to US$1.40bn in 2023. 1.In 2019, 64% of Americans aged 18 and over drank coffee every day. Virtually any fruit that you can think of can be enjoyed in a bubble tea drink. The bubble tea industry is enormous and accounts for one of the fastest-growing food markets in the world today. Companies in the Industry are Aggressively Expanding their Franchisees to Cater to the Growing Demand. Bakery Products Market Share: The global bakery products market is estimated to reach US$ 235 Mn in 2022. Six in ten (59.7%) did not usually consume either sugar sweetened or diet drinks. The size of the global Bubble Tea Market in 2019 was $2,407.6 million. Online retailing is predicted to register an 11.9% CAGR. Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-12310, Explore FMIs Extensive Coverage on Food and Beverage Domain. The Asia Pacific bubble tea market is expected to flourish with multiple market opportunities. And if youre looking for all the facts and figures that back up our claim, you have this blog post. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes. The value of its market is estimated to be $5.2 billion. Bubble tea can be found in over 30 countries. 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. 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. 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 beverage has undergone a few waves of popularity in Singapore. By region, North America was the most prominent regional market in 2019. 2. 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. It also offers a detailed analysis of the market size and growth rate for all possible market segments. At what CAGR is the bubble tea market projected to grow in the forecast period (2022-2029)? For instance, in June 2022, Frankly, the first Italian bubble tea chain, witnessed a massive increment of around 148% compared to the previous years via a crowdfunding campaign. In relation to total population figures, per person revenues of US$53.14 are generated in 2023. By 2025, 70% of spending and 10% of volume consumption in the Tea . Victorian Government, Department of Health and Human Services. Tapioca pearls are made from cassava flour, of which Nigeria is the worlds largest exporter (21%). As of December 2018, GrabFood's bubble tea network encompasses over 1,500 brands with 4,000 outlets throughout . Moreover, based on the study by the finance-based startup, Momentum Works and payment startup, Qlub, Indonesias bubble milk tea market ranked first among all the Southeast Asian countries. Aug 24, 2022 03:14pm. The global bubble tea market size was valued at USD 2.17 billion in 2021. NEWARK, Del, July 26, 2022 (GLOBE NEWSWIRE) -- The global bubble tea market is projected to reach a value of US$ 5.5 Bn by 2031, with sales growing at a robust CAGR of 8.8% for the forecast period . Cook for about 20 minutes. 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. Bubble tea is a mix of milk, tea, and fruit juice with added bubbly-looking toppings (like tapioca balls). Despite the burgeoning demand for such innovative tea beverages, the wide availability of other caffeinated and conventional drinks, such as coffee and chocolate, coupled with the prominent coffee consumption trends in Western countries, poses a threat to market growth. There are 250 different flavors of bubble tea. The market for Tea segment is expected to show a volume growth of 1.6% in 2024. Global Bubble Tea Market Dynamics, Regional Analysis, Segmentation, Competitive Landscape, COVID-19 Impact, Recent Developments and SWOT Analysis of Key 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. Based on our analysis, the global market exhibited a slower growth of 2.76% in 2020 as compared to 2019. A typical serving of bubble tea at a chain might cost $3 to $5 for a 16- to 20-ounce cup.