A. One kilogram therefore represents 500 cup equivalents. Bubble tea is also known as (Zhen Zhu Nai Cha) directly translates to pearl milk tea, but is also known as boba tea in . Grab also reported that on average, Southeast Asians drink an average of four cups of pearl milk tea per person per month. But did you know that there are six different types of bubble tea? US Coffee Statistics. 4364..55.011 - Australian Health Survey: Consumption of added sugars, 2011-12. 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. The report covered all the points and was very detailed. Bubble tea made a rise in popularity in 2018 with a 3000% increase in orders from Southeast Asia. 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 . 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. Key players in the global bubble tea market are focusing on releasing novel and unique flavors of bubble tea. In-depth analysis and the bubble tea market size and segmentation assists in determining the prevailing bubble tea market opportunities. 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. Rinse, drain, and refrigerate until chilled. 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. This popular sweetened tea is made up of high-quality milk and tapioca pearls, along with fruit powder, creamer, and sweeteners. 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. The demand for bubble tea is predicted to grow at an impressive rate. Australia . Bubble tea brands expected to produce novel and unique products over the forecast period. Against this backdrop, the market valuation is projected to reach US$ 245 Mn by 2032. Your email address will not be published. These drinks are made with milk tea and tapioca pearls (to make the bubbles), which contain a lot of natural sugar. 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 originated in Taiwan in the early 1980's at a small tea stand. Contact Sales for Further Assistance in Purchasing this Report @ https://www.futuremarketinsights.com/checkout/12310. All these aspects necessitate the manufacturers to develop premium quality teas by keeping the consumer demands in mind. In the United States, 95% of women have tried bubble tea versus 81% of males. 16. The size of the global Bubble Tea Market in 2019 was $2,407.6 million. Looking forward to work together in the future, It has been a delightful experience working with you guys. SINGAPORE ( THE BUSINESS TIMES) - Bubbling excitement for bubble tea across South-east Asia has helped the industry grow to a whopping US$3.7 billion ($5.1 . USD 1,195. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: The Hot Drinks market segment, Tea, consists of black tea, green tea and mate sold in tea bags or as loose-leaf tea. 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. In addition, aggressive advertisements and celebrity end orsements have also helped the global market to pave its way toward growth. Future Market Insights Global and Consulting Pvt. 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. When you look at the marketing for bubble tea, the numbers make sense. Because of its proximity to Taiwan, where bubble tea was created, China quickly became a fan of the sweet beverage. 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. 9. 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 . All Rights Reserved. Health beneficial attributes such as low-fat, low-calorie content, and presence of anti-inflammatory properties are the key driving factors of the market. 30.7% of Victorian adults consumed sugar-sweetened soft drinks at least once a week. 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". Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. In 2016, 19.4 per cent of Worldwide Tea Statistics. . It includes flavor variants such as lychee, mango, passion fruit, peach, plum, strawberry, avocado, banana, grape, kiwi, lemon, and others. Six in ten (59.7%) did not usually consume either sugar sweetened or diet drinks. The bubble tea industry is expected to reach $3.39 billion by 2027. Australia: 0.75 kg (1.65 lb) 17 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. 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. It is expected to be the fastest growing segment owing to consumers' inclination towards the convenience offered. The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca. As per the latest report by FMI, the U.S. bubble tea market is expected to register a 12.4% CAGR during the forecast period. The bright colors and availability of sweet and fruity flavors especially appeal to children . Rising consumption of tea and coffee as nootropic drinks among students and working-class population is a key factor for the market growth. Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. Bubble tea is made by adding fruit syrup or milk to (usually cold) tea and then shaking the . 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. 4. This can be attributed to change in preference of consumers toward healthy beverages and better taste. Future Market Insights Global and Consulting Pvt. Moreover, increase in disposable income and economic growth in advanced & emerging economies support the market 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. 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. Need to talk to an expert? The global Bubble Tea Market is expected to $4,368.6 million in 2027. 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. 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. The research report includes quantitative and qualitative insights into the market. 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. . The data says that for every additional 1% of expats living in a postcode, we should expect the probability of a bubble tea shop in that postcode to increase by 0.0091 from a baseline of -0.2089. Art & Craft. 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. 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. 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.. The bubble tea industry is enormous and accounts for one of the fastest-growing food markets in the world today. The market is expected to grow annually by 2.61% (CAGR 2023-2025). 11.2% of Victorian adults consume sugar sweetened beverages daily. For better delivery of our new release, Please help us undestand your interest Industry and Frequency that you prefer to get the new releases. Extruding the tapioca into these small balls is difficult work. For instance, in September 2021, Dubai witnessed the opening of various new tea outlets serving bubble tea across the country. One cup of tea is assumed to contain 2 grams of tea. 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. Bubble Tea Consumption Statistics (2017-2021) Vs Market Estimations (2022-2032) During 2017-2021, the global bubble tea target market expanded at a value CAGR of 6.3%.. 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. 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. 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. That means 24 countries have higher consumption rates that are worth targeting. Among various flavors, fruit flavor is more popular, and this segment dominated the market in 2019. bubble tea popularity statistics singapore; how many bubble tea brands in singapore; Bubble Tea Popularity Statistics Singapore . Which region held the highest share in the market? The 30 Tea Drinkers vs. Coffee Drinkers Statistics. 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. Coffee shop. Cassava flour itself comes from the cassava root, which is native to South America but has become a staple food in many African nations. Sometimes they are blended with ice to give them a more slushy-like consistency. Thank you for contacting us, our sales representative will get in touch with you shortly! Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. Which is the leading segment based on the product type in the market? 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. Tea consumption per capita in the UK is 1.3 kg for 2019. With 38 grams per 16oz beverage, bubble tea should be enjoyed in moderation. Many Thai people drink bubble tea daily, and in many cases may drink multiple cups per day. 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. Additionally, due to Australia's climate, tea is able to be grown and produced in northern Australia. . The Bubble Tea Club Kit has everything you need to make delicious homemade bubble tea. 1 2 3 8. Green tea has shown long-term energy inducing properties and has a positive effect on the regulation of body weight. Market size and forecast, by Flavor, 2020-2028 Global Bubble Tea Market Dynamics, Regional Analysis, Segmentation, Competitive Landscape, COVID-19 Impact, Recent Developments and SWOT Analysis of Key Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. 5. Asia Pacific Bubble Tea Market Size, 2021 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. Statista. The market for Tea segment is expected to show a volume growth of 1.6% in 2024. Ready-to-Drink variants are instead aggregated into the segment Ready-to-Drink (RTD) Tea in the Non-Alcoholic Drinks market. making yummy bubble tea with BBT Club today. One such brand riding that success locally is Chatime, a Taiwanese-founded bubble tea business which chose Australia as its first-ever Western market almost 10 years ago in 2009. https://www.fortunebusinessinsights.com/industry-reports/bubble-tea-market-101564, Yummy Town (Cayman) Holdings Corporation (Happy Lemon) (Taiwan), Granular Research on Specified Regions or Segments, Companies Profiled based on User Requirement, Broader Insights Pertaining to a Specific Segment or Region, Breaking Down Competitive Landscape as per Your Requirement, Other Specific Requirement on Customization. The emerging players in the Bubble Tea Market are Bubble Tea Supply Inc., ChaTime, CoCo Fresh, Quickly, Kung Fu Tea, Boba Loca, Happylemon, Share Tea, T Bun International, Fanale Drinks, Grand Chainly, and Huey-Yuhe Enterprise. 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. 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. The at-home market, also called off-trade market, covers all retail sales via super- and hypermarkets, convenience stores or similar sales channels. 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. It is made using green tea, white tea, black tea, or oolong tea. 11. 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. 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. 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 . Rank Country/Region Tea consumption 1 Turkey: 3.16 kg (6.96 lb) . Bubble tea has a sweet, sour, and tangy taste that varies depending on the type of fruit used. 7.1% consumed diet drinks daily. About | Privacy Policy |Contact | Advertise | Support. One concession owner became popular with her . A 16 oz serving of bubble tea contains 38 grams of sugar, which is 76% of the recommended daily value. Tapioca pearls are made from cassava flour, of which Nigeria is the worlds largest exporter (21%). The segment is expected to display an 11.4% CAGR, and account for more than 38% of the global market share. Girls and women are the primary demographic among bubble tea drinkers, with 95% having tried it. 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. Over of the bubble tea enjoyed around the world is fruit-flavored. | Source: Apart from this, coffee flavor is also anticipated to hold a strong market share in the forecast period owing to the escalated demand for coffee as a healthy beverage. 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. In this era, the growing consumer preferences for products depend on various factors such as choice of taste, price, brand, and location accessibility. Ready to drink tea products have seen a 15x increase in sales and consumption since 2004. Our objective was to assess the nutritional profile of popular menu items available through OFD applications in Bangkok, Thailand. 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. The campaign will be extended due to the tremendous profit achieved, which motivates the company to broaden its product offerings and brand position. 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. Reduced sugar/ sugar-free bubble tea will gain traction over the assessment period. A. By component, it is classified into flavor, creamer, sweetener, liquid, tapioca pearls, and others. Apart from being a healthier alternative, becoming a trending beverage, especially among younger consumers, has also aided market growth for bubble tea. The article shared insights on the bubble tea craze in Southeast Asia. There was a 3,000% increase in the amount of bubble tea orders in Southeast Asia in 2018. Most other Southeastern Asian countries drink three cups monthly on average. Originally created in Taiwan in the 1980s, bubble tea has quickly exploded in popularity. 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. Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. The global bubble tea market size was valued at USD 2.17 billion in 2021. Quick Facts. Theres a lot more to bubble tea than meets the eye, and weve discovered all of the reasons that its a global favorite. info@pearllemongroup.com. 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. 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. Such initiatives further support the immense growth opportunities for the companies. Bubble Tea is a famous non-alcoholic beverage drink that first . If youre looking for a sweet, refreshing drink that doesnt compromise on flavor or quality, bubble tea is the answer. Request Now ! 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. A. But the most important thing to love is that its a beverage category that has grown by leaps and bounds over the past ten years or so, with seemingly no end in sight. Awareness about health issues and their relation to meat consumption has resulted in a shift towards vegan and plant-based diets. Whats your favorite bubble tea base to start with? Just over half (52%) of all free sugars consumed were from beverages, led by soft drinks, sports and energy drinks (19%), fruit juice and fruit drinks (13%), with the sugar added to beverages such as tea and coffee contributing 7.3% and . Bubble tea is extremely high in calories. 2023 Allied Market Research. It comes with the additional cost of $2500.00 contact sales. Kenya is one of the main global tea exporters and as a result, it is no surprise that Kenyans love their tea, in particular black tea, though in 2022, fruit/herbal tea registered the highest current value growth. With 250 different flavors, it makes sense that there would be different bases to the teas. And if you have a sweet tooth, its SO GOOD. For instance, in September 2020, Chen Shucheng started a new bubble milk tea franchise in Singapore called Meme Xpress. 6. Resistant Starch Market Size: The resistant starch market is valued at US$ 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. They are made from cassava starch, a common ingredient in Brazilian culture, and they take time, effort, and skill to make properly. Thanks for sticking with me in this huge post. Premium Statistic Global tea consumption 2012-2025 . This segment does not include herbal tea, instant tea, iced tea or similar tea-derived Ready-to-Drink beverages. 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 United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. Bubble teas distinct flavor, easy product availability, and numerous varieties offered will help the market to flourish. Pune, India, Oct. 26, 2021 (GLOBE NEWSWIRE) -- The global bubble tea market size is expected to reach USD 3.39 billion by 2027 . 12 Consumption and Demand Forecast 12.1 Global Forecasted Demand Analysis of Deep Vein Thrombosis (DVT) Therapy 13 Forecast by Type and by Application (2023-2028) 13.1 Global Production, Revenue . An average, medium-sized serving of bubble tea has, on average, 335 calories. Bubble tea is a mix of milk, tea, and fruit juice with added bubbly-looking toppings (like tapioca balls). By base ingredient, it is divided into black tea, green tea, oolong tea, and white tea. 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. 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. Asia Pacific is expected to dominate the market during the forecast period. By flavor, the market is classified into coffee, fruit, chocolate, original, and others. In global comparison, most revenue is generated in China (US$111,800.00m in 2023). According to the Food and Agriculture Organization (FAO) of the United Nations, Nigeria is the largest exporter of cassava at 21% of the worlds amount. +44 208 097 3636. Market size and forecast, by Base Ingredient, 2020-2028 7.3.9.2. It slowly spread throughout Asia before gaining popularity in the U.S. and across the globe. Data at LGA level is also presented. For instance, in April 2022, U.S. based start-up namely Bubluv Inc. launched tapioca starch and konjac based bubble tea in three flavors, black milk tea with tapioca pearls, matcha soy latte with tapioca pearls, and oolong guava with tapioca pearls. Companies in the Industry are Aggressively Expanding their Franchisees to Cater to the Growing Demand. China is one of the prominent regions in the market that accounted for a sizeable share of the total market in 2019. South America is anticipated to grow in terms of sales volume of the products in the coming years. Chocolate flavored milk tea is tremendously popular in which chocolate powder is blended with milk to strengthen its flavor. It looks quite comprehensive and the data is exactly what I was looking for. For instance, in April 2020, a bubble tea company Chatime launched oat milk-based tea such as Chatime Pearl Milk Tea and Grass Jelly Roasted Milk Tea for lactose intolerant consumers. Sunset Yellow FCF Market Sales: The sunset yellow FCF sales are slated to grow at a CAGR of 6.25% between 2022 and 2032, totaling a market valuation of US$ 150 Mn by 2032. As more and more consumers become aware of the negative effects of sugar consumption, the sugar-free or reduced sugar segment of bubble tea is expected to gain popularity. Furthermore, a decline in the growth of bubble tea consumption is witnessed due to strong restrictions on import and export facilities. Bubble Tea Popularity Statistics Singapore; by palmebre Published: July 20, 2021 (2 days ago) Category. More people are discovering and enjoying bubble tea every year, however, so these figures may soon change as people age and continue to enjoy their favorite drink. Over 95% of females in the united states have tried bubble tea, while 81% of males . Today, millennials, zennials, and gen z account for the vast majority of the countrys bubble tea consumption. Countries such as Vietnam and Taiwan are projected to have the largest sales. Changes in consumers tastes and preferences have fostered growth for the bubble tea market over the forecast period. Consumption of black tea is highly promoted due to its strong antioxidant, anti-aging, and anti-diabetic properties. Thank you for requesting a call back, our sales representative will get in touch with you shortly! Pour into a glass, and add tapioca. There are many varieties of the drink with a wide range of ingredients. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022.
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