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 United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. It should be no surprise then that sugar is a primary ingredient in the drink. And if youre looking for all the facts and figures that back up our claim, you have this blog post. They are made from cassava starch, a common ingredient in Brazilian culture, and they take time, effort, and skill to make properly. Coffee Consumption Statistics: 2021 - Urban Bean Coffee Healthy Drinking to Spur Bubble Tea Market Demand through 2030, Future 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. This is a list of countries ordered by annual per capita consumption of tea, as of 2016. 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 ($5.1 . 9. It slowly spread throughout Asia before gaining popularity in the U.S. and across the globe. As more and more countries discover the delicacy that is bubble tea, these figures are sure to continue growing. In 2019, the black tea segment accounted for more than half of the share in the total bubble tea market and is expected to grow at a CAGR of 7.50% throughout the forecast period. Resistant Starch Market Size: The resistant starch market is valued at US$ 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. 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. In the next five years, the bubble tea industry is expected to grow by nearly 54%. +44 208 097 3636. Statista. 2016. List of countries by tea consumption per capita - Wikipedia Global Bubble Tea Market Dynamics, Regional Analysis, Segmentation, Competitive Landscape, COVID-19 Impact, Recent Developments and SWOT Analysis of Key 3. Versatility in flavor, health benefits, and social media trends drive the market. 4. Organic Tea Market Size, Share and Growth [2020-2027] That means 24 countries have higher consumption rates that are worth targeting. Tea in Kenya. At the end of the day, its not much worse than an occasional soda would be for the average person, but its important to remember to only have bubble tea once in a while. Green tea has shown long-term energy inducing properties and has a positive effect on the regulation of body weight. Read More . In the Tea segment, volume is expected to amount to 18.6mkg by 2025. 32 Tempting Tea Statistics for a Healthier 2022 - ComfyLiving The bubble tea industry was valued at $2.2 billion in 2019. Pune, India, Oct. 26, 2021 (GLOBE NEWSWIRE) -- The global bubble tea market size is expected to reach USD 3.39 billion by 2027 . Quinoline Yellow WS Market Analysis: The global quinoline yellow WS (water soluble) market is projected to reach a valuation of US$ 28.5 Mn in 2022, growing at a CAGR of 3.9% between 2022-2032. Bubble Tea History In 2020-21, of people aged 18 years and over: 6.4% consumed sugar sweetened drinks daily. 10. Although the drink was originally created in Taiwan, its signature ingredient is primarily grown in Nigeria, Thailand, Indonesia, and Brazil. 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. Apart from being a healthier alternative, becoming a trending beverage, especially among younger consumers, has also aided market growth for bubble tea. Chocolate flavored milk tea is tremendously popular in which chocolate powder is blended with milk to strengthen its flavor. 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. October 26, 2021 13:00 ET | Source: Fortune Business Insights. 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). Adults' total beverage consumption drops steadily with age. Let's assume that the daily maintenance calories for an average adult man are 2,500 kcal, and for an average adult . Bubble Tea Popularity Statistics Singapore - Emkan.me This cross-sectional study investigated the association between bubble tea consumption and symptoms of anxiety and depression in a population-based sample. 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. The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. Malaysia has 74 bubble tea brands, can you tell them all apart? 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). Originally created in Taiwan in the 1980s, bubble tea has quickly exploded in popularity. Aug 24, 2022 03:14pm. The report was very accurate and as per my requirements. Interesting Facts. Bubble tea has a milk base and includes ingredients like chewy tapioca balls, or fruit jelly and boba. Bubble tea consumption and its association with mental health - PubMed Victorian Government, Department of Health and Human Services. An average, medium-sized serving of bubble tea has, on average, 335 calories. According to a study published in the National Library of Medicine, 2022, chewing tapioca pearls can increase the salivary C-protein (CRP) and calcium (Ca) levels. If youre looking for a sweet, refreshing drink that doesnt compromise on flavor or quality, bubble tea is the answer. If theres one thing you can count on, its that bubble tea is going to be more popular among women than men. Tea consumption per capita in the UK is 1.3 kg for 2019. 11.2% of Victorian adults consume sugar sweetened beverages daily. The price might seem high, but you have to consider everything that goes into making it, which includes: On the surface, bubble tea seems like a simple 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. 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%.. bubble tea popularity statistics singapore; how many bubble tea brands in singapore; Bubble Tea Popularity Statistics Singapore . Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. Insights. 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. Moreover, zero fat and low calorie contents of . FB : Beverages| Pages: 261 | Author(s) : Vaibhav S , Roshan D, Single User License, Five User License & Enterprise User License. Six in ten (59.7%) did not usually consume either sugar sweetened or diet drinks. A South Australian Health Omnibus Survey (SAHOS) done in 2014 showed that there was a . 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. This popular sweetened tea is made up of high-quality milk and tapioca pearls, along with fruit powder, creamer, and sweeteners. The devotion to bubble tea is so fanatical that in 2020, at the cusp of the circuit breaker, an argument broke out between a food rider and store employees about a hold-up in orders. This is for a full-sugar serving that contains 60 g of sugar. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes. Bubble tea has a sweet, sour, and tangy taste that varies depending on the type of fruit used. By component, it is classified into flavor, creamer, sweetener, liquid, tapioca pearls, and others. The Asia Pacific market held the largest share and was valued at USD 0.90 billion in 2021. 7. 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. In the Philippines alone, orders increased by 3,500 percent from June to December 2018. Australians drink tea and have afternoon tea and morning tea much the way the British do. Malaysia Coffee & Tea Reports: Our 2023 Malaysia report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Coffee & Tea market. The report provides a quantitative analysis of the current bubble tea market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing opportunities. We use cookies to enhance your experience. To get the sample of bubble tea market report, click on the link (Please paste the link here). 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. Singapore market is forecasted to grow at a CAGR of 10.7%. An Infographic Representation of Bubble Tea Market, To get information on various segments, share your queries with us. Get in touch with us. 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. How much is the global bubble tea market worth? info@pearllemongroup.com. And if you have a sweet tooth, its SO GOOD. 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. Keep reading to discover everything weve uncovered about bubble tea. Bubble tea made a rise in popularity in 2018 with a 3000% increase in orders from Southeast Asia. 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. Its iced or hot black or green tea mixed with chewy tapioca balls that are often flavored. 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. Bubble tea is also known as pearl milk tea. Bubble tea can be found on every continent today, except for Antarctica, of course! The key players in the industry receiving high levels of popularity and response from customers are franchising their businesses into different locations. For one, there are all of the sweet flavors and fun combinations of ingredients you can get. Bubble tea is also known as (Zhen Zhu Nai Cha) directly translates to pearl milk tea, but is also known as boba tea in . Bubble tea shops, or Boba tea as it is frequently called in America, can be found in almost every major city across the country. It comes with the additional cost of $2500.00 contact sales. 1. A typical serving of bubble tea at a chain might cost $3 to $5 for a 16- to 20-ounce cup. https://www.grandviewresearch.com/industry-analysis/bubble-tea-market, https://foodinstitute.com/focus/survey-millennials-gen-z-big-fans-of-bubble-tea/, https://youthinsight.com.au/brands/more-girls-aware-of-bubble-tea-than-boys/, https://www.cnn.com/travel/article/taiwan-bubble-tea-origins/index.html, https://www.duluthnewstribune.com/8-things-you-might-not-know-about-bubble-tea-and-other-unexpected-holidays-this-week, https://www.fortunebusinessinsights.com/industry-reports/bubble-tea-market-101564, https://www.organicfacts.net/health-benefits/herbs-and-spices/bubble-tea.html, https://chinamarketadvisor.com/what-is-boba-and-why-is-it-so-popular/, https://theaseanpost.com/article/southeast-asias-bubble-tea-craze, https://www.worldteanews.com/Insights/millennials-and-gen-z-drive-21st-century-tea-preferences, https://www.honestfoodtalks.com/bubble-tea-flavors-boba-toppings/, https://www.healthline.com/nutrition/boba-cancer, https://mtalvernia.sg/education/whats-in-my-bubble-tea/, Tea thats infused with milk or another liquid, Artificial sweetener like stevia or sugar (more on this below), Special straws designed to make the best bubbles possible. 14. 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. 11. Very Popular Bubble Tea - Allrecipes Which is the leading segment based on the product type in the market? The key players alsorelyon product launch to improve their product portfolio and stay relevant in the global market.The key players profiled in thereport include 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, and Troika JC. The incredible success of bubble tea in China since 1996. 13. 15. (Caffeine Informer) Background: Bubble tea, also known as boba or boba milk tea, has exploded in popularity in recent years, with the global boba market projected to reach 3.39 billion USD by the end of 2027. 04 For a short time in 2012, all 800 branches of McDonalds in Germany sold bubble tea. Teenagers and people in their 20s consistently account for the highest consumer percentage of bubble teas. This growth is fueled by the perceived health benefits of green tea. 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. Required fields are marked *. 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. It is made using green tea, white tea, black tea, or oolong tea. Join over 60,000 Bubblers (that's what we call our lovely customers!) Coffee shop. . Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. Worldwide Tea Statistics. Emerging countries such as China, India and Brazil growing with the CAGR of 8%, 9.5%, and 8.3% respectively. It's the second most-consumed drink in the world, only behind water. 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. Europe also witnessed growth in the pearl milk tea market around the same time as other Asian countries. Due to social media, bloggers documenting their bubble tea experience, and other factors, bubble tea stores continue to flourish and expand their offerings in this region. There was a 3,000% increase in the amount of bubble tea orders in Southeast Asia in 2018. 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. 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. Countries such as Vietnam and Taiwan are projected to have the largest sales. These latest product ranges further act as a marketing strategy to attract a vast consumer base worldwide. Art & Craft. Dietary behaviour, 2020-21 financial year - Australian Bureau of Statistics The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca. Southeast Asians spend US$3.66 billion on bubble tea annually: Study Pearls or boba color varies depending on the additives added to the tapioca and this segment is one of the most trending bubble tea across the world. Of the 30 countries that enjoy bubble tea, most are in Asia. Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on thePlant Based Marketthat throws light on potential opportunities andinvestments made in the Global plant based market. The valuation of the out-of-home segment at retail prices means a significant change of the market definition in comparison to earlier iterations of the Consumer Market Outlook, as out-of-home consumption was valued at wholesale prices before. The demand for bubble tea is predicted to grow at an impressive rate. Bubble Tea Market Size, Share, Growth Report, 2020-2027 Remarkable job and great efforts by your research team. Additionally, they can be ordered with fruit or boba, both of which are high in added sugar. Chatime, Gong Cha, Coco Fresh Tea & Juice, and Lollicup USA, Inc. are the leading players in the market. 84% of the tea that is consumed is black tea. Asia Pacific is expected to dominate the market during the forecast period. These drinks are made with milk tea and tapioca pearls (to make the bubbles), which contain a lot of natural sugar. Request Now ! But did you know that there are six different types of bubble tea? Tea decreased 0.14 USD/Kgs or 4.95% since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. IJERPH | Free Full-Text | Nutritional Content of Popular Menu Items By region, North America was the most prominent regional market in 2019. Industrial Alcohol Market Volume: The global industrial alcohol market size is set to be valued at US$ 110.3 Bn in 2022 and it is expected to grow at a CAGR of 7.6% from 2022 to 2032. Rank Country/Region Tea consumption 1 Turkey: 3.16 kg (6.96 lb) . Against this backdrop, the market valuation is projected to reach US$ 245 Mn by 2032. 10. 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. Changes in consumers tastes and preferences have fostered growth for the bubble tea market over the forecast period. 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. Consumption of sugar sweetened and diet drinks in adults. Chewy tapioca balls or different flavored jellies are then added to give bubble tea the fun, chewy texture that it is known for! Bubble tea consumption and its association with mental - ScienceDirect Tea is a large part of modern Australian culture due to its British origins. The market is expected to grow at a CAGR of 7.40%, during the forecast period. The mean age of study participants was 24 years and the age range was 18 or older to younger than 30 years. Thank you for contacting us, our sales representative will get in touch with you shortly! SOURCES OF FREE SUGARS - Australian Bureau of Statistics Asia-Pacific (APAC) dominates the bubble tea market because of the high consumption of the bubble tea within the region. 7.3.9.1. Among participants, 647 (88%) consumed less . In the United States, 95% of women have tried bubble tea as opposed to 81% of men. Bubble tea consumption statistics show that Thais drink six bubble teas per month. How Much Is the Bubble Tea Industry Worth. PDF A Cross-sectional Study on Knowledge, Attitude and Practice of Bubble 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. Availability of Other Caffeinated Drinks to Impede Growth. 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. Ltd. 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. This is a decrease, compared to the growth of about 7.64% per year, registered in 2015-2019. Tapioca balls or "pearls" are often added to the concoction as well. Bubble Tea Market Analysis, Growth & Forecast 2027 - Yahoo! Today, millennials, zennials, and gen z account for the vast majority of the countrys bubble tea consumption. Availability of a Wide Range of Products for Enticing Younger Generation to Boost Growth. 8. 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. . Whether youre feeling something sweet, fruity, and refreshing, something soothing and tea-like, or a slushy smoothie like-drink, bubble tea has you covered. This is likely due to its naturally sweet flavor and all of the different varieties of teas that are available. 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. 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. Book your free consultation and let our research experts help you with your needs/problems. 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. Theory seemed to meet reality . Strong dependency on Asian countries to source raw materials acts as one of the major restraints in the market. 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". drinking tea; and the expansion of new products and flavourings, such as ready-to-drink tea, premium tea, and herbal and fruit fusions.15-19 In addition, demand for green tea is expected to outpace demand for black tea.4,12,19 The considerable expansion of sustainable tea products is also worth noting. European countries are just starting to understand the bubble tea craze, and with new dessert products in the making, the only way for this industry to go is up. Future Market Insights Global and Consulting Pvt. 12. By continuing to visit this site you agree to our use of cookies . Green tea. 297 billion liters of tea were consumed worldwide in 2021. Tea Drinkers vs. Coffee Drinkers: 30 Statistics to Know in 2023 Commentary: The curious case of Singapore's devotion to bubble tea We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Tea is the second most popular drink in the world, with water at first place. This segment does not include herbal tea, instant tea, iced tea or similar tea-derived Ready-to-Drink beverages. All Rights Reserved. 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. Studies showed that green tea-based milk tea is proven to be beneficial for lowering blood pressure and the risk of cancer. Elementary school children would look forward to buying a cup of refreshing tea after a long, hard day of work and play. The percentage of tea that is consumed which is green tea: 15%. 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. Thailand leads in . The specialty of milk tea is growing due to its ease of customization with various tea bases and toppings such as jellies, fruit bits, syrups, and tapioca balls. Market size and forecast, by Flavor, 2020-2028 It includes flavor variants such as lychee, mango, passion fruit, peach, plum, strawberry, avocado, banana, grape, kiwi, lemon, and others. Need to talk to an expert? There are many teas, they can vary in . Bubble Tea Club | DIY Bubble Tea Kits In 2018, there were over 450,000 shops selling bubble tea in China. Millennial Tea Drinking Stats - Tea continues to gain market share in surprising areas. The consumption of organic tea rose by 1.06 million gallons in 2018. 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. Clicking on the following button will update the content below. Tea in Australia - Wikipedia The global bubble tea market size was valued at USD 2.17 billion in 2021. The adoption of bubble tea has been quite high in mature regions such as the U.S., Canada, and Germany while emerging countries such as China, Brazil, and India are catching up quickly. 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. Picture via Instagram/yicha_malaysia and myheycha. Ready to drink tea products have seen a 15x increase in sales and consumption since 2004. The research report includes quantitative and qualitative insights into 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 . In 2016, 19.4 per cent of Reduced sugar/ sugar-free bubble tea will gain traction over the assessment period. The U.S. market is anticipated to register a prolific CAGR of 12.4% over the forecast period. Your email address will not be published. (World Atlas)3.The USA ranks 11th among the countries with the highest caffeine consumption, with a rate of 200 mg per person per day. 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