Health Benefits Associated with Bubble Tea Consumption to Drive the Market Growth . In the Philippines alone, orders increased by 3,500 percent from June to December 2018. The data offered to us was exactly what we were looking for. The appearance of the finished drink is what led to its name. 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. 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. Due to widespread popularity and prevailing trends as well as the presence of many bubble tea manufacturers in this region, the bubble tea market in China is expected to continue to flourish over the forecast period. The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. Graph. However, since the ease of lockdowns, governments have proposed several initiatives and strategies to help the companies in recovering the losses across the globe. The bubble tea industry is enormous and accounts for one of the fastest-growing food markets in the world today. Over 90% of the tea consumed is Black Tea, about 5% Green Tea, 1% Oolong Tea and the balance flavored, scented, or mixed teas. 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. As more and more countries discover the delicacy that is bubble tea, these figures are sure to continue growing. The demand for bubble tea is predicted to grow at an impressive rate. 2016. There are 250 different flavors of bubble tea. The Bubble Tea Club Kit has everything you need to make delicious homemade bubble tea. This can be attributed to rise in the popularity of bubble tea with black tea as a base ingredient across the globe. Over of the bubble tea enjoyed around the world is fruit-flavored. All Rights Reserved. The value of its market is estimated to be $5.2 billion. This was attributed due to rise in the consumption of tea based everages across the world. Chewy tapioca balls or different flavored jellies are then added to give bubble tea the fun, chewy texture that it is known for! However, the chocolate flavor segment is expected to witness highest growth, owing to increase in its popularity of in all age groups for all flavored beverages and rise in awareness of health benefits of chocolate among consumers. That number increases when you go up in size to 469 calories and only gets worse as you add in more toppings or extra flavors. The mean age of study participants was 24 years and the age range was 18 or older to younger than 30 years. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. 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. Rising Raw Material and Transportation Cost Due to the Pandemic to Slow Down the Market Growth. Ask for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-12310. Cook for about 20 minutes. By base ingredient, it is divided into black tea, green tea, oolong tea, and white tea. 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. Stir until the sugar has dissolved and the milk is well mixed in. It also revealed that the global bubble tea market size was valued at US$2.02 billion in 2019, and is expected to reach US$3.39 billion by 2027. Bubble tea shops, or Boba tea as it is frequently called in America, can be found in almost every major city across the country. 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. 1. Looking forward to work together in the future, It has been a delightful experience working with you guys. For instance, in September 2021, Dubai witnessed the opening of various new tea outlets serving bubble tea across the country. 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. Boba tea is creating a buzz among individuals worldwide, owing to its growing appeal and novelty. Jan 2023. 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. 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. Countries in North America are gradually increasing the consumption of this tea owing to the growing popularity of tea-based drinks. 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. Tapioca balls or "pearls" are often added to the concoction as well. Today, millennials, zennials, and gen z account for the vast majority of the countrys bubble tea consumption. While bubble tea is enjoyed by people of all ages, it tends to be a global favorite among younger people. The price for bubble tea depends on where you get it. For better delivery of our new release, Please help us undestand your interest Industry and Frequency that you prefer to get the new releases. This popular sweetened tea is made up of high-quality milk and tapioca pearls, along with fruit powder, creamer, and sweeteners. 10. +44 208 097 3636. This is for a full-sugar serving that contains 60 g of sugar. In 2018, bubble tea made a 3,000 . 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. During the late 1980s and into the 1990s, bubble tea was only consumed in a select few countries including Taiwan, Hong Kong, China, and Japan. Tea is a large part of modern Australian culture due to its British origins. 1 2 3 8. Malaysia Coffee & Tea Reports: Our 2023 Malaysia report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Coffee & Tea market. Introduced to China in the early 1990s, it quickly became one of the most popular drinks in the nation. Green tea has shown long-term energy inducing properties and has a positive effect on the regulation of body weight. 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. 30.7% of Victorian adults consumed sugar-sweetened soft drinks at least once a week. Tea stands were set up in front of the schools and would compete for business with the best selling tea. The global organic tea market size was USD 820.8 million in 2019 and it is projected to reach USD 1,918.7 million by 2027, exhibiting a CAGR of 11.2% during the forecast period. To get the sample of bubble tea market report, click on the link (Please paste the link here). Besides this, due to its various attributes, such as low-fat and low-calorie content and other several health benefits, such as high antioxidant value, it also boosts the consumption of bubble tea across the domestic and international markets. Sometimes they are blended with ice to give them a more slushy-like consistency. 02 Each tapioca ball has 5 to 14 calories. 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. 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. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes. Alcoholic Tea Market size is valued at USD 1,958.73 billion by 2028 and is expected to grow at a compound annual rate of 7.00% in the forecast period . Background: Bubble tea has become enormously popular in China in recent years. Join over 60,000 Bubblers (that's what we call our lovely customers!) The Asia Pacific market held the largest share and was valued at USD 0.90 billion in 2021. Thank you for contacting us, our sales representative will get in touch with you shortly! Virtually any flavor that you can imagine exists with bubble tea. The market is expected to grow at a CAGR of 7.40%, during the forecast period. Read More . Why buy this report? A. And if you have a sweet tooth, its SO GOOD. 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). Increasing Inclination of Consumers toward Versatile Teas with Innovative Bold Flavors is a Prominent Trend. 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. 11. 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. The types include milk tea, black tea, fresh fruit tea, smoothies or milkshakes, fresh milk, and salted cream. 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. Because of its proximity to Taiwan, where bubble tea was created, China quickly became a fan of the sweet beverage. 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. We are happy to help. 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. (2.Americans rank 25th for coffee consumption per capita, with an average consumption of 4.2 kg per person per year. With 38 grams per 16oz beverage, bubble tea should be enjoyed in moderation. Get a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12310. We are happy with the professionalism of your in-house research team as well as the quality of your research reports. At what CAGR is the bubble tea market projected to grow in the forecast period (2022-2029)? 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. Whether youre feeling something sweet, fruity, and refreshing, something soothing and tea-like, or a slushy smoothie like-drink, bubble tea has you covered. Key players in the global bubble tea market are focusing on releasing novel and unique flavors of bubble tea. Request Now ! Girls and women are the primary demographic among bubble tea drinkers, with 95% having tried it. Bubble tea . Ice-blended versions are usually mixed with fruit or syrup, resulting in a slushy consistency. 9. Its iced or hot black or green tea mixed with chewy tapioca balls that are often flavored. Awareness about health issues and their relation to meat consumption has resulted in a shift towards vegan and plant-based diets. By region, North America was the most prominent regional market in 2019. Online retailing is predicted to register an 11.9% CAGR. Thailand leads in bubble tea consumption at an average of 6 cups per person per day. USD 1,195. Although there are plenty of bubble tea flavors to choose from, fruit teas tend to be the most popular. The region is witnessing a cross-cultural food consumption trend, and the growing health and wellness approach is also expected to boost the growth. Although the drink was originally created in Taiwan, its signature ingredient is primarily grown in Nigeria, Thailand, Indonesia, and Brazil. Virtually any fruit that you can think of can be enjoyed in a bubble tea drink. All rights reserved. Statista. In addition, the growing gastronomic tourism, rising number of health-conscious individuals, and increased social media influences further paved the way toward growing potential. By 2025, 70% of spending and 10% of volume consumption in the Tea . Asia-Pacific (APAC) dominates the bubble tea market because of the high consumption of the bubble tea within the region. 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. Cassava flour itself comes from the cassava root, which is native to South America but has become a staple food in many African nations. Bubble tea is often seen as a sweet, fruity, and more feminine drink in the western world, particularly with its multi-colored straws and cute cartoon packaging designs. Nigeria, specifically, has become a hub for cassava production. 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. Consumption declines with age. That is approximately four cups of brewed coffee, 10 cans of cola or two "energy shot . Future Market Insights Global and Consulting Pvt. A typical serving of bubble tea at a chain might cost $3 to $5 for a 16- to 20-ounce cup. 10. page 1 . China is projected to exhibit a 7.5% CAGR. 84% of the tea that is consumed is black tea. Bubble tea consumption gender-wise: According to the statistics, bubble tea is a favorite drink of women. We selected the top 40 popular menu items from three of the most commonly used OFD applications in 2021. The size of the global Bubble Tea Market in 2019 was $2,407.6 million. 7.3.9.1. The black tea segment is projected to grow at a significant CAGR during the forecast period, owing to its increased preference by health-conscious consumers across every region. In the United States, 95% of women have tried bubble tea as opposed to 81% of men. 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 The prevalence of lifestyle disorders such as obesity and diabetes associated with the hectic lifestyle of consumers has nudged them to shift toward healthy drinks, such as ginger tea and boba teas, due to their easy customization. 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. 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. Adults' total beverage consumption drops steadily with age. 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. 11. December 17, 2022. What may surprise you though is the amount of sugar! 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. Add the ice cubes, and shake so the whole drink can get cold. 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 . The 30 Tea Drinkers vs. Coffee Drinkers Statistics. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. The bubble tea market in Singapore has a long history and is expected to exhibit a prosperous future with a CAGR of 10.7% over the forecast period. Australia: 0.75 kg (1.65 lb) 17 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. Pour tea, milk, and 4 teaspoons sugar into a cocktail shaker. Were big enough to handle massive projects, and yet also nimble enough to come up with names on demand that hit every time. Our objective was to assess the nutritional profile of popular menu items available through OFD applications in Bangkok, Thailand. Coffee shop. An Infographic Representation of Bubble Tea Market, To get information on various segments, share your queries with us. 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. 01 The first bubble tea came out in the early 1980s. 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. 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. Ready to drink tea products have seen a 15x increase in sales and consumption since 2004. The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. 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. Which is the leading segment based on the product type in the market? Rising consumption of tea and coffee as nootropic drinks among students and working-class population is a key factor for the market growth. In 2019, tea revenue globally is about US$214,761m and is expected to grow each year by 6.9% until 2023. With bubble teas sudden increase in popularity, it should be no surprise that the industry is only expected to keep growing. Tartrazine Market Trend: Global tartrazine market is projected to reach a valuation of US$ 120 Mn in 2022, with demand growing at a 7.0% CAGR over the forecast period. It's the second most-consumed drink in the world, only behind water. Bubble tea is a beverage originating from Taiwan comprising tea with fruit syrup or milk added, and then shaken. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. If youre looking for a sweet, refreshing drink that doesnt compromise on flavor or quality, bubble tea is the answer. The option to customize your bubble tea, availability at most cafes, restaurants, convenience, and grocery stores as well as the variety offered has contributed to the market growth. After decades of slowly increasing in popularity, the big bubble tea boom happened in 2018. 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. There are many varieties of the drink with a wide range of ingredients. Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. It comes with the additional cost of $2500.00 contact sales. The black tea segment is expected to be the leading segment in the global market. 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. Nearly everyone in Thailand enjoys drinking bubble tea, to the point that they have surpassed every other country in the amount that they drink! 5. 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. 2. July 26, 2022 10:30 ET Bubble tea consumption statistics show that Thais drink six bubble teas per month. 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. 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%.. Aug 16, 2022, 1:25 PM SGT. 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. A. 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 key players in the industry receiving high levels of popularity and response from customers are franchising their businesses into different locations. In 2014, over 77% of the tea brewed in the United States was prepared using tea bags. 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. Other players operating in the market are Boba Box Limited, Fokus Inc., Sumos Sdn Bhd, Troika J.C. (Qbubble), and Boba Tea Company. Based on bubble tea market forecast, the liquid component was the most prominent segment accounting for the highest share in the bubble tea market. Find your information in our database containing over 20,000 reports, Consumer Market 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. Future Market Insights Global and Consulting Pvt. This can be attributed to change in preference of consumers toward healthy beverages and better taste. The bubble tea market in Thailand is predicted to register an 8.7% CAGR. Nevertheless, manufacturers are trying to introduce new beverage options, such as bubble milk tea, in the market. 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. . Such challenges cumulatively hamper the growth potential of the global market. Find the most up-to-date statistics and facts on the tea market in Canada. 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. Mineral Premix Market Demand: The global mineral premixes market is expected to reach US$ 761.1 Mn by 2022, accelerating at a CAGR of 8.6% during the forecast period (2022-2032). 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. For instance, in September 2020, Chen Shucheng started a new bubble milk tea franchise in Singapore called Meme Xpress. Contact Sales for Further Assistance in Purchasing this Report @ https://www.futuremarketinsights.com/checkout/12310. The global market is projected to reach US$ 194.7 Bn by 2032. 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! But did you know that there are six different types of bubble tea? 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 . This is far higher than the cost of a similar amount of milk or juice, but the high price does not seem to deter people from making it their go-to beverage. 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). 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. In 2020, China dominated the tea market with 78.7 billion US dollars of revenue. With shops all around the world in many major cities, its easy to indulge your bubble tea craving when you want to! Strong dependency on Asian countries to source raw materials acts as one of the major restraints in the market. 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 . Get in touch with us. Very satisfied with the overall report as it has helped me to build strategies for my business, This is regarding the recent report I bought from Fortune Business insights. Availability of Other Caffeinated Drinks to Impede Growth. Future Market Insights Global and Consulting Pvt. 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. US Coffee Statistics. Drum To Hopper Blends Premix Market Forecast: The global drum to hopper blends Premix market is expected to reach a valuation of US$ 752.1 Mn in 2022, with demand increasing at a CAGR of 7.4% over the assessment period. Furthermore, a decline in the growth of bubble tea consumption is witnessed due to strong restrictions on import and export facilities. The research report includes quantitative and qualitative insights into the market. 12. This can be attributed to the availability of various options such as combination of various liquid flavors and syrups. According to a recent consumer study, 94% of people between ages 20 and 29 have purchased bubble tea within the last 3 months. Theory seemed to meet reality . Green tea. The report covered all the points and was very detailed.

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