Emerging countries such as China, India and Brazil growing with the CAGR of 8%, 9.5%, and 8.3% respectively. The bright colors and availability of sweet and fruity flavors especially appeal to children . Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. In addition, the growing gastronomic tourism, rising number of health-conscious individuals, and increased social media influences further paved the way toward growing potential. 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.. 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. Some specialty shops have menus with smaller sizes and prices as low as $2 to $3 per serving. 03 Locally called "po po ch," Singapore has sold bubble tea since 1992. 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. 87% of American millennials drink tea, including bubble tea. According to the CXOs, Europe is projected to register significant growth as compared to Asia-Pacific and North America due to rapid urbanization, rise in consumption of healthy beverages, and low price of bubble tea. 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. Although there are plenty of bubble tea flavors to choose from, fruit teas tend to be the most popular. 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. Health Benefits Associated with Bubble Tea Consumption to Drive the Market Growth . 3. Bubble tea is a mix of milk, tea, and fruit juice with added bubbly-looking toppings (like tapioca balls). Chocolate flavored milk tea is tremendously popular in which chocolate powder is blended with milk to strengthen its flavor. 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. Keep reading to discover everything weve uncovered about bubble tea. To get the sample of bubble tea market report, click on the link (Please paste the link here). In 2016, 19.4 per cent of 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. At what CAGR is the bubble tea market projected to grow in the forecast period (2022-2029)? Bubble tea is known for its sweet taste. 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 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. Find your information in our database containing over 20,000 reports, Consumer Market However, since the ease of lockdowns, governments have proposed several initiatives and strategies to help the companies in recovering the losses across the globe. In global comparison, most revenue is generated in China (US$111,800.00m in 2023). In fact, tea was aboard the First Fleet in 1788. In 2018, there were over 450,000 shops selling bubble tea in China. Bubble tea consumption statistics show that Thais drink six bubble teas per month. This is a very good piece of work and will be very helpful to us going forward. So, if we live in a postcode that is all expats, we would assume a 70% chance of a bubble tea shop being located there. This segment does not include herbal tea, instant tea, iced tea or similar tea-derived Ready-to-Drink beverages. The global COVID-19 pandemic has been unprecedented and staggering, with bubble tea experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. a more convenient consumption option, compared with hot cereals, which can require the addition of boiling water or milk. Elementary school children would look forward to buying a cup of refreshing tea after a long, hard day of work and play. Consumer Shift toward Healthy Alternatives to Favor Growth. The global market is projected to reach US$ 194.7 Bn by 2032. It's common for bubble tea brands to include "cha" in their names, which means "tea" in Chinese. 12. Although people of all ages frequently enjoy bubble teas across the globe, younger people tend to drink them more frequently. 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). 14. The percentage of tea that is consumed which is green tea: 15%. But did you know that there are six different types of bubble tea? A 16 oz serving of bubble tea contains 38 grams of sugar, which is 76% of the recommended daily value. It also offers a detailed analysis of the market size and growth rate for all possible market segments. Heycha and Yicha both have similar-sounding names and include refreshing fruit teas as part of their star offerings. Because of its proximity to Taiwan, where bubble tea was created, China quickly became a fan of the sweet beverage. Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. Aug 24, 2022 03:14pm. 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. Bubble tea is a sweet, delicious drink typically made from a tea base that is then mixed with either milk or fruit flavoring. The bubble tea industry is enormous and accounts for one of the fastest-growing food markets in the world today. Press release from: Analytics Market Research. 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. 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. 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. 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. 30.7% of Victorian adults consumed sugar-sweetened soft drinks at least once a week. 10. Green tea has shown long-term energy inducing properties and has a positive effect on the regulation of body weight. Ice-blended versions are usually mixed with fruit or syrup, resulting in a slushy consistency. 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. Tea is a beverage made by pouring hot water over cured leaves. In 2018, bubble tea made a 3,000 . This can be attributed to the rise in awareness regarding healthy lifestyle and higher adoption of healthy beverages by health-conscious consumers. Virtually any flavor that you can imagine exists with bubble tea. Between 2021 and 2028, the global tea market is expected to grow at a CAGR of 6.6%. 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. 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). Apart from being a healthier alternative, becoming a trending beverage, especially among younger consumers, has also aided market growth for bubble tea. 1. While bubble tea is enjoyed by people of all ages, it tends to be a global favorite among younger people. Bubble Tea Popularity Statistics Singapore; by palmebre Published: July 20, 2021 (2 days ago) Category. The black tea segment is expected to be the leading segment in the global market. The average volume per person in the Tea segment is expected to amount to 0.68kg in 2023. Ltd. (Caffeine Informer) 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 . 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. Start reading instantly ,This Report and over 19,845+ more Reports, Available with Avenue Library, T&C*, WRITE AN EMAIL help@alliedmarketresearch.com, U.S. - Canada :+1-800-792-5285 (Toll-free) Int'l : +1-503-894-6022 UK : + 44-845-528-1300. Rising consumption of tea and coffee as nootropic drinks among students and working-class population is a key factor for the market growth. Tea consumption per capita in the UK is 1.3 kg for 2019. Global Demand for Coffee - Despite the demand for coffee in the United States, the country only ranks 25th in per capita coffee consumption. Fruit Flavor Segment is Dominating Backed by High Consumer Preference. Pune, India, Oct. 26, 2021 (GLOBE NEWSWIRE) -- The global bubble tea market size is expected to reach USD 3.39 billion by 2027 . 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. [1] In this era, the growing consumer preferences for products depend on various factors such as choice of taste, price, brand, and location accessibility. Virtually any fruit that you can think of can be enjoyed in a bubble tea drink. This is likely due to its naturally sweet flavor and all of the different varieties of teas that are available. 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. Looking forward to work together in the future, It has been a delightful experience working with you guys. The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. 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 . . 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. Black tea is the most consumed tea around the world. Consumption of sugar sweetened and diet drinks in adults. All rights reserved. About 200 million pounds of tea leaves (bagged & loose) are shipped into the United 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. 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. The value of its market is estimated to be $5.2 billion. With 250 different flavors, it makes sense that there would be different bases to the teas. With globalization, new trends have started striking the food service market, thereby influencing the young generation to try new beverages. The demand for bubble tea is predicted to grow at an impressive rate. Our objective was to assess the nutritional profile of popular menu items available through OFD applications in Bangkok, Thailand. The ICC World Test Championship final will be played in The Oval, London from June 7 to 11, where the conditions are pacer-friendly. US Coffee Statistics. Versatility in flavor, health benefits, and social media trends drive the market. Chewy tapioca balls or different flavored jellies are then added to give bubble tea the fun, chewy texture that it is known for! Stir until the sugar has dissolved and the milk is well mixed in. Unilever (Lipton), Associated British Foods (Twinings) and Tata Global Beverages (Tetley) are globally the most important players by revenue. By region, North America was the most prominent regional market in 2019. 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. USD 1,195. 16. 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. 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. The closure of Shanghai . Bubble tea can be found on every continent today, except for Antarctica, of course! How Much Is the Bubble Tea Industry Worth. Its not just the sugar that gives these drinks their sweetness, though; many restaurants also add sweeteners to them. 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). Thailand leads in bubble tea consumption at an average of 6 cups per person per day. Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-12310, Explore FMIs Extensive Coverage on Food and Beverage Domain. Its iced or hot black or green tea mixed with chewy tapioca balls that are often flavored. 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. 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 (%) . Were big enough to handle massive projects, and yet also nimble enough to come up with names on demand that hit every time. 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. Bubble tea is also known as (Zhen Zhu Nai Cha) directly translates to pearl milk tea, but is also known as boba tea in . 10. 04 For a short time in 2012, all 800 branches of McDonalds in Germany sold bubble tea. Young people between ages 20 and 29 are interested in bubble tea. 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. This is a list of countries ordered by annual per capita consumption of tea, as of 2016. 1.In 2019, 64% of Americans aged 18 and over drank coffee every day. The market for Tea segment is expected to show a volume growth of 1.6% in 2024. Bubble tea is drunk by millions of people around the world every single day, even in countries that you might not expect! What are the key factors driving the market? Need to talk to an expert? By component, it is classified into flavor, creamer, sweetener, liquid, tapioca pearls, and others. Other players operating in the market are Boba Box Limited, Fokus Inc., Sumos Sdn Bhd, Troika J.C. (Qbubble), and Boba Tea Company. Address Shop 14, 375 William Street, Northbridge, Western Australia, WA, Australia 6003 Phone Number 0434039801 Categories Bubble Tea Shop, Tea Room The key players in the industry receiving high levels of popularity and response from customers are franchising their businesses into different locations. 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. Sometimes they are blended with ice to give them a more slushy-like consistency. Bubble teas growing appeal to a younger demographic coupled with its popularity as a nootropic beverage will likely supplement the sales of the tea in the market over the forecast period, says an FMI analyst. 5. In-depth analysis and the bubble tea market size and segmentation assists in determining the prevailing bubble tea market opportunities. In theory, the bubble tea pearls could stick together and form rather difficult to pass blobs, especially when other ingredients are making them thicker and sturdier. Consumption declines with age. Bubble milk teas surge in popularity is mainly attributed to taste, affordability, and the rising reinvention of the basic tea recipe. 5. One concession owner became popular with her . Most other Southeastern Asian countries drink three cups monthly on average. Background: Bubble tea has become enormously popular in China in recent years. For better delivery of our new release, Please help us undestand your interest Industry and Frequency that you prefer to get the new releases. Based on the distribution channel, online retailing is expected to exhibit a CAGR of 11.9%. Request a Free sample to learn more about this report. 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. 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. It is expected to be the fastest growing segment owing to consumers' inclination towards the convenience offered. 12. In the United States, 95% of women have tried bubble tea as opposed to 81% of men. Australia . A. As per the report, sales will increase at a 4.2% CAGR over the forecast period, reaching US$ 354.6 Mn by 2032. 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. Of the 30 countries that enjoy bubble tea, most are in Asia. 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. By flavor, the market is classified into coffee, fruit, chocolate, original, and others. . 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. 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 . Originally created in Taiwan in the 1980s, bubble tea has quickly exploded in popularity. Among various flavors, fruit flavor is more popular, and this segment dominated the market in 2019. Your email address will not be published. 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 . On the basis of flavor, it is categorized into original flavor, coffee flavor, fruit flavor, chocolate flavor, and others. In addition, aggressive advertisements and celebrity end orsements have also helped the global market to pave its way toward growth. There are 250 different flavors of bubble tea. Meanwhile, Philippinos drink five cups of this tea per month. Bubble tea consumption gender-wise: According to the statistics, bubble tea is a favorite drink of women. 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. Thailand will emerge as a lucrative market over the forecast period with a CAGR of 8.7%. It is made using green tea, white tea, black tea, or oolong tea. According to the report, bubble tea orders had increased at a whopping 3,000 percent in 2018. 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. Strong dependency on Asian countries to source raw materials acts as one of the major restraints in the market. In addition, due to the presence of artificial preservatives in bubble tea, consumers are changing their preference toward organic beverages, which hampers the growth of the global bubble tea market. There are many varieties of the drink with a wide range of ingredients. 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. This can be attributed to change in preference of consumers toward healthy beverages and better taste. Tea in Kenya. A typical serving of bubble tea at a chain might cost $3 to $5 for a 16- to 20-ounce cup. In addition, the companies are focusing on the growing incidences of lactose intolerance, and thus are working toward introducing lactose-free bubble milk tea options for individuals. Future Market Insights Global and Consulting Pvt. Why buy this report? What may surprise you though is the amount of sugar! Moreover, increase in disposable income and economic growth in advanced & emerging economies support the market growth. 10. 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. Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. Changes in consumers tastes and preferences have fostered growth for the bubble tea market over the forecast period. One cup of tea is assumed to contain 2 grams of tea. 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. That is approximately four cups of brewed coffee, 10 cans of cola or two "energy shot . 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. December 17, 2022. The global bubble tea market size was valued at USD 2.17 billion in 2021. 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 . Moreover, higher expenditure of consumers on healthy beverages adds to the popularity of bubble tea in theregion. The Market for Bubble Tea in North America to be the Most Dominant & Fastest Growing. 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. 84% of the tea that is consumed is black tea. Bubble milk tea has emerged as one of Gen Zs trademarks as its consumption is highly witnessed by the young generation as compared to any other age group. The research report includes quantitative and qualitative insights into the market. Chatime, Gong Cha, Coco Fresh Tea & Juice, and Lollicup USA, Inc. are the leading players in the market. Bubble tea . The bubble tea industry was valued at $2.2 billion in 2019. The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. Market size and forecast, by Base Ingredient, 2020-2028 7.3.9.2. The Middle East & Africa showcases a slower growth as pearl milk tea is consumed as a social drink or as a gesture of hospitality. Tea is considered the second most popular drink of choice worldwide. The article shared insights on the bubble tea craze in Southeast Asia. An average, medium-sized serving of bubble tea has, on average, 335 calories. 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. This cross-sectional study investigated the association between bubble tea consumption and symptoms of anxiety and depression in a population-based sample. Presently, themarket is moving toward growing stage and is expected to garner steady growth in major markets, which include the U.S., Germany, China, India, and Brazil. In the next five years, the bubble tea industry is expected to grow by nearly 54%. The Asia Pacific market held the largest share and was valued at USD 0.90 billion in 2021. The incredible success of bubble tea in China since 1996. 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. Pour tea, milk, and 4 teaspoons sugar into a cocktail shaker. Europe also witnessed growth in the pearl milk tea market around the same time as other Asian countries. 4. Tea is an aromatic beverage derived . This is a decrease, compared to the growth of about 7.64% per year, registered in 2015-2019.