But in case you dont Its tea served with a giant chewy ball of tapioca at the bottom of the cup. Moreover, higher expenditure of consumers on healthy beverages adds to the popularity of bubble tea in theregion. Bubble tea is a beverage originating from Taiwan comprising tea with fruit syrup or milk added, and then shaken. 9. Since then, however, bubble tea has expanded across the rest of Asia, and there was a sudden explosion of popularity during 2018, particularly in Singapore. Six in ten (59.7%) did not usually consume either sugar sweetened or diet drinks. This is a very good piece of work and will be very helpful to us going forward. By component, it is classified into flavor, creamer, sweetener, liquid, tapioca pearls, and others. Moreover, increase in disposable income and economic growth in advanced & emerging economies support the market growth. Many Thai people drink bubble tea daily, and in many cases may drink multiple cups per day. 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. page 1 . As more and more countries discover the delicacy that is bubble tea, these figures are sure to continue growing. 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. It's common for bubble tea brands to include "cha" in their names, which means "tea" in Chinese. Future Market Insights Global and Consulting Pvt. For one, there are all of the sweet flavors and fun combinations of ingredients you can get. One concession owner became popular with her . 2023 Allied Market Research. 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. 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 Bubble tea can be found on every continent today, except for Antarctica, of course! By base ingredient, it is divided into black tea, green tea, oolong tea, and white tea. Increasing Inclination of Consumers toward Versatile Teas with Innovative Bold Flavors is a Prominent Trend. 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. The global market is projected to reach US$ 194.7 Bn by 2032. 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. (2.Americans rank 25th for coffee consumption per capita, with an average consumption of 4.2 kg per person per year. The chewy tapioca balls or pearls are undoubtedly the stars of any bubble tea drink. 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. Aug 24, 2022 03:14pm. All Rights Reserved. Rising Raw Material and Transportation Cost Due to the Pandemic to Slow Down the Market Growth. Ready-to-Drink variants are instead aggregated into the segment Ready-to-Drink (RTD) Tea in the Non-Alcoholic Drinks market. This is a list of countries ordered by annual per capita consumption of tea, as of 2016. Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. Which region held the highest share in the market? The demand for bubble tea is predicted to grow at an impressive rate. Bubble tea first appeared in Thailand ten years ago, but since has gone out of market trend, staged a strong comeback, and established itself in the region. Methods: Self-report questionnaires were used to assess bubble tea consumption and mental status. Tea is the second most popular drink in the world, with water at first place. 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. 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. Over 95% of females in the united states have tried bubble tea, while 81% of males . Bubble tea shops, or Boba tea as it is frequently called in America, can be found in almost every major city across the country. The black tea segment is expected to be the leading segment in the global market. Black tea is the most consumed tea around the world. 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. A 16 oz serving of bubble tea contains 38 grams of sugar, which is 76% of the recommended daily value. What are the key factors driving 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 Asia Pacific bubble tea market is expected to flourish with multiple market opportunities. The segment is expected to display an 11.4% CAGR, and account for more than 38% of the global market share. Reduced sugar/ sugar-free bubble tea will gain traction over the assessment period. 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. Consumption of sugar sweetened and diet drinks in adults. 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. Ltd. 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 of 2021-2031. 10. Based on the base ingredient, green tea will lead the market growth over the forecast period. The segment will depict a robust 11.8% CAGR and account for more than 26% of the market share. Rising consumption of tea and coffee as nootropic drinks among students and working-class population is a key factor for the market growth. The report segments the global bubble tea market based on base ingredient, flavors, component, and region. Ice-blended versions are usually mixed with fruit or syrup, resulting in a slushy consistency. Key players in the global bubble tea market are focusing on releasing novel and unique flavors of bubble tea. Table I : Prevalence1 of Bubble Tea Consumption among Students in University of Cyberjaya according to Sociodemographic Descriptions Sociodemographic description Bubble tea consumption Consume, n (%) Do not consume, n (%) Total, n (%) . The two businesses are known for their zingy fruit tea drinks. The global market for organic tea is showcasing strong growth principally because of the growing knowledge regarding safer counterparts of organic products among consumers. They are made from cassava starch, a common ingredient in Brazilian culture, and they take time, effort, and skill to make properly. Based on our analysis, the global market exhibited a slower growth of 2.76% in 2020 as compared to 2019. Awareness about health issues and their relation to meat consumption has resulted in a shift towards vegan and plant-based diets. 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. It is made using green tea, white tea, black tea, or oolong tea. From Farmer Welfare and Supply Chain to the Latest Trends, Tea Experts Share Insights. 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. But did you know that there are six different types of bubble tea? 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. Heycha and Yicha both have similar-sounding names and include refreshing fruit teas as part of their star offerings. Brands, such as Koi The Co, Moge Tee, and M.A.D. Strong dependency on Asian countries to source raw materials acts as one of the major restraints in the market. Availability of a Wide Range of Products for Enticing Younger Generation to Boost Growth. 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 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. We value them as a research company worthy of building long-term relationships., Well done Fortune Business Insights! The average volume per person in the Tea segment is expected to amount to 0.68kg in 2023. This popular sweetened tea is made up of high-quality milk and tapioca pearls, along with fruit powder, creamer, and sweeteners. 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. 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! 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. As of December 2018, GrabFood's bubble tea network encompasses over 1,500 brands with 4,000 outlets throughout . . Per Capita Global Tea Consumption Patterns Americans consume more than 50 billion servings of tea a year, nearly 85% of which is iced. 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 . 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 . Its not just the sugar that gives these drinks their sweetness, though; many restaurants also add sweeteners to them. Clicking on the following button will update the content below. The consumption of organic tea rose by 1.06 million gallons in 2018. This can be attributed to the rise in awareness regarding healthy lifestyle and higher adoption of healthy beverages by health-conscious consumers. Bubble tea consumption gender-wise: According to the statistics, bubble tea is a favorite drink of women. You can find bubble tea in these countries if youre traveling the world: Taiwan, Japan, South Korea, China, United Kingdom, Australia, Canada, United States, Germany, Mauritius, South Africa, Brazil, and more! We dont recommend anyone making it a daily indulgence. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. There are six official types of bubble tea. 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. That means 24 countries have higher consumption rates that are worth targeting. The market was expected to reach a valuation of US$ 2.3 Bn by the end of 2021. By continuing to visit this site you agree to our use of cookies . 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. A study conducted by the Tea Board of India revealed some interesting consumption patterns among Indian tea drinkers: About 80% tea drinkers in India consume it either with or before breakfast . Between 2021 and 2028, the global tea market is expected to grow at a CAGR of 6.6%. This is a decrease, compared to the growth of about 7.64% per year, registered in 2015-2019. Although there are plenty of bubble tea flavors to choose from, fruit teas tend to be the most popular. 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. The Bubble Tea Club Kit has everything you need to make delicious homemade bubble tea. 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. A. 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. Future Market Insights Global and Consulting Pvt. FB : Beverages| Pages: 261 | Author(s) : Vaibhav S , Roshan D, Single User License, Five User License & Enterprise User License. 4. 10. Insights. Read More . 1 2 3 8. This can be attributed to the availability of various options such as combination of various liquid flavors and syrups. Find your information in our database containing over 20,000 reports, Consumer Market 9. 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. 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. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. In addition, the growing gastronomic tourism, rising number of health-conscious individuals, and increased social media influences further paved the way toward growing potential. Boost your students confidence by putting their results next to the public's 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. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. Each . Of the 30 countries that enjoy bubble tea, most are in Asia. In 2018, bubble tea made a 3,000 . Press release from: Analytics Market Research. Emerging countries such as China, India and Brazil growing with the CAGR of 8%, 9.5%, and 8.3% respectively. And if you have a sweet tooth, its SO GOOD. BBT Club is Australia's leading DIY bubble tea company for anywhere and anytime. 7. Millennial Tea Drinking Stats - Tea continues to gain market share in surprising areas. In 2014, over 77% of the tea brewed in the United States was prepared using tea bags. 01 The first bubble tea came out in the early 1980s. The current valuation of the market is US$ 2.50 billion in 2022. 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 . Nevertheless, manufacturers are trying to introduce new beverage options, such as bubble milk tea, in the market. CXOs from the leading companies perceive that product innovation, development of newer flavor, and use of organic preservatives & color in the manufacturing process are the major areas of growth for the bubble tea market. The size of the global Bubble Tea Market in 2019 was $2,407.6 million. Additionally, they can be ordered with fruit or boba, both of which are high in added sugar. 02 Each tapioca ball has 5 to 14 calories. Also, due to the strong dependency on Asian countries to source raw materials, such as tapioca balls, from Taiwan, it hinders the production process and impacts their overall operations. These organizations are focusing on product innovation and targeting the millennial consumer as the group is known for its willingness to experiment with new flavors. However, excess sugar content in these drinks leading to health issues and trend of coffee consumption are expected to restrict the market growth. This can be attributed to rise in the popularity of bubble tea with black tea as a base ingredient across the globe. It looks like the bubble tea craze isn't going anywhere soonat least, according to GrabFood data that states bubble tea orders in Southeast Asia saw a 3,000 percent growth rate in 2018. China is one of the prominent regions in the market that accounted for a sizeable share of the total market in 2019. Sunset Yellow FCF Market Sales: The sunset yellow FCF sales are slated to grow at a CAGR of 6.25% between 2022 and 2032, totaling a market valuation of US$ 150 Mn by 2032. 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. A typical serving of bubble tea at a chain might cost $3 to $5 for a 16- to 20-ounce cup. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: The Hot Drinks market segment, Tea, consists of black tea, green tea and mate sold in tea bags or as loose-leaf tea. Among participants, 647 (88%) consumed less . The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. 1.In 2019, 64% of Americans aged 18 and over drank coffee every day. About | Privacy Policy |Contact | Advertise | Support. Bubble Tea is a famous non-alcoholic beverage drink that first . (Caffeine Informer) Modern Asian Desserts, expanded its business in the country by introducing various boba milk tea outlets. Bubble tea, also known as Boba or Boba tea, is rapidly becoming one of the worlds favorite beverages. Malaysia Coffee & Tea Reports: Our 2023 Malaysia report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Coffee & Tea market. According to the Indian Tea Association 2020, tea price has risen by 25%-40% on an average due to lockdown in the tea growing regions, leading to a drop in crop size along with disruptions in transportation and logistics. Tapioca balls or "pearls" are often added to the concoction as well. We calculate that for a 700 ml or 24 oz serving of bubble milk tea, which is usually the large cup size in most boba shops, the total bubble tea calories are 700 kcal. Bakery Products Market Share: The global bakery products market is estimated to reach US$ 235 Mn in 2022. 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. Our objective was to assess the nutritional profile of popular menu items available through OFD applications in Bangkok, Thailand. 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. info@pearllemongroup.com. In Asia, however, it is equally popular among men and women and is seen as a cultural phenomenon. a more convenient consumption option, compared with hot cereals, which can require the addition of boiling water or milk. There are many varieties of the drink with a wide range of ingredients. 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. 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. . 7.3.9.1. 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. This bubble tea craze has taken over. If theres one thing you can count on, its that bubble tea is going to be more popular among women than men. Tea is an aromatic beverage derived . Pune, India, Oct. 26, 2021 (GLOBE NEWSWIRE) -- The global bubble tea market size is expected to reach USD 3.39 billion by 2027 . 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. 7.1% consumed diet drinks daily. Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. Sometimes they are blended with ice to give them a more slushy-like consistency. Unilever (Lipton), Associated British Foods (Twinings) and Tata Global Beverages (Tetley) are globally the most important players by revenue. 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. There was a 3,000% increase in the amount of bubble tea orders in Southeast Asia in 2018. According to the report, bubble tea orders had increased at a whopping 3,000 percent in 2018. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. Bubble tea is drunk by millions of people around the world every single day, even in countries that you might not expect! With globalization, new trends have started striking the food service market, thereby influencing the young generation to try new beverages. 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. Theory seemed to meet reality . Who are the leading players in the market? We are happy with the professionalism of your in-house research team as well as the quality of your research reports. The green tea segment was the highest contributor to the market, with $16,362 million in 2019, and is estimated to reach $26,110 million by 2027, at a CAGR of 9.8% during the forecast period. As per the report, sales will increase at a 4.2% CAGR over the forecast period, reaching US$ 354.6 Mn by 2032. How Much Is the Bubble Tea Industry Worth. 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. 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. Ltd. All rights reserved. These latest product ranges further act as a marketing strategy to attract a vast consumer base worldwide. The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca. Such initiatives further support the immense growth opportunities for the companies. Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-12310, Explore FMIs Extensive Coverage on Food and Beverage Domain. Tea is one of the most popular beverages consumed worldwide. 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. The global Bubble Tea Market is expected to $4,368.6 million in 2027. 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. Since our launch, weve worked on more than 1,000 projects for clients around the world. 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. 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. 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. This beverage has undergone a few waves of popularity in Singapore. Rinse, drain, and refrigerate until chilled. How much is the global bubble tea market worth? Bubble Tea originated in Taiwan in the early 1980's at a small tea stand. 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. 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. "Market Intelligence that Adds Flavour to Your Success", Region : Global | Format: PDF | Report ID: FBI101564. 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. 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.
