Australia . 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. 2. Which region held the highest share in the market? +44 208 097 3636. Tea is an aromatic beverage derived . Girls and women are the primary demographic among bubble tea drinkers, with 95% having tried it. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. Interesting Facts. 5. Remarkable job and great efforts by your research team. The global market for organic tea is showcasing strong growth principally because of the growing knowledge regarding safer counterparts of organic products among consumers. The black tea segment is expected to be the leading segment in the global market. In relation to total population figures, per person revenues of US$53.14 are generated in 2023. There are many teas, they can vary in . Various key insights presented in the report are an overview of related markets, competitive landscape, recent industry developments such as mergers & acquisitions, regulatory scenario in critical countries, and key bubble tea industry trends. Virtually any fruit that you can think of can be enjoyed in a bubble tea drink. Apart from this, coffee flavor is also anticipated to hold a strong market share in the forecast period owing to the escalated demand for coffee as a healthy beverage. Europe also witnessed growth in the pearl milk tea market around the same time as other Asian countries. Your email address will not be published. Join over 60,000 Bubblers (that's what we call our lovely customers!) Press release from: Analytics Market Research. As per the report, sales will increase at a 4.2% CAGR over the forecast period, reaching US$ 354.6 Mn by 2032. Beneficial effects of green tea: A literature review - PMC This is a very good piece of work and will be very helpful to us going forward. Picture via Instagram/yicha_malaysia and myheycha. 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. 8. Bubble tea . Companies covered in bubble tea market report are ChaTime, Bubble Tea Supply Inc., Gong Cha, CoCo Fresh, Quickly, Kung Fu Tea, Tiger Sugar Korea, Boba Loca, Happylemon, Lollicup USA, Inc . All Rights Reserved. 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. This segment does not include herbal tea, instant tea, iced tea or similar tea-derived Ready-to-Drink beverages. making yummy bubble tea with BBT Club today. Health Reports: Beverage consumption of Canadian adults: Findings It's the second most-consumed drink in the world, only behind water. Black tea is the most consumed tea around the world. Revenue in the Tea segment amounts to US$1.40bn in 2023. Strong dependency on Asian countries to source raw materials acts as one of the major restraints in the market. As of December 2018, GrabFood's bubble tea network encompasses over 1,500 brands with 4,000 outlets throughout . Tapioca pearls are made from cassava flour, of which Nigeria is the worlds largest exporter (21%). The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. Bubble milk tea has a strong market potential as it offers various types and flavors of boba teas, such as fruit-flavored, green jasmine, and black tea-based milk tea, across the globe. Its not just the sugar that gives these drinks their sweetness, though; many restaurants also add sweeteners to them. Theres a lot more to bubble tea than meets the eye, and weve discovered all of the reasons that its a global favorite. Resistant Starch Market Size: The resistant starch market is valued at US$ 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. For instance, in September 2020, Chen Shucheng started a new bubble milk tea franchise in Singapore called Meme Xpress. Companies in the Industry are Aggressively Expanding their Franchisees to Cater to the Growing Demand. The size of the global Bubble Tea Market in 2019 was $2,407.6 million. Bubble Tea originated in Taiwan in the early 1980's at a small tea stand. The global bubble tea market size was valued at USD 2.17 billion in 2021. The bubble tea industry is enormous and accounts for one of the fastest-growing food markets in the world today. Drum To Hopper Blends Premix Market Forecast: The global drum to hopper blends Premix market is expected to reach a valuation of US$ 752.1 Mn in 2022, with demand increasing at a CAGR of 7.4% over the assessment period. The industry shows no signs of slowing down, and in fact, appears to be growing exponentially with every passing year. 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. Tea is considered the second most popular drink of choice worldwide. Commentary: The curious case of Singapore's devotion to bubble tea The average volume per person in the Tea segment is expected to amount to 0.68kg in 2023. 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. Bubble Tea Market Analysis Report 2023 Along with Statistics Figures Clicking on the following button will update the content below. The major countries in each region are mapped according to their revenue contribution to the global bubble tea market. (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. 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. Why buy this report? The Bubble Tea Club Kit has everything you need to make delicious homemade bubble tea. Bubble Tea Popularity Statistics Singapore - Emkan.me A. A. Apart from the U.S. and Asian countries, the trend of milk tea is also extensively growing amongst individuals residing in the Middle East and Africa. 12. Versatility in flavor, health benefits, and social media trends drive the market. Bubble Tea: What Happened To A 14-Year-Old Who Drank It - Forbes Were guessing you already know what bubble tea is. 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 . As a result, other plant-based hot . The global bubble teamarket holds a substantial scope for growthduring the forecast period. With 38 grams per 16oz beverage, bubble tea should be enjoyed in moderation. The percentage of tea that is consumed which is green tea: 15%. Over of the bubble tea enjoyed around the world is fruit-flavored. 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. Availability of a Wide Range of Products for Enticing Younger Generation to Boost Growth. info@pearllemongroup.com. Changes in consumers tastes and preferences have fostered growth for the bubble tea market over the forecast period. The region is witnessing a cross-cultural food consumption trend, and the growing health and wellness approach is also expected to boost the growth. Tapioca balls or "pearls" are often added to the concoction as well. (Caffeine Informer) Studies showed that green tea-based milk tea is proven to be beneficial for lowering blood pressure and the risk of cancer. Bubble tea is drunk by millions of people around the world every single day, even in countries that you might not expect! This was attributed due to rise in the consumption of tea based everages across the world. Were big enough to handle massive projects, and yet also nimble enough to come up with names on demand that hit every time. Most other Southeastern Asian countries drink three cups monthly on average. 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. Who are the leading players in the market? Modern Asian Desserts, expanded its business in the country by introducing various boba milk tea outlets. Worldwide Tea Statistics. Bubble Tea Market Size, Share, Growth Report, 2020-2027 Apart from being a healthier alternative, becoming a trending beverage, especially among younger consumers, has also aided market growth for bubble tea. 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 . 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. Insights. 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 $3.78 billion by 2029, at a CAGR of 7.40% in the forecast period, 2022-2029, 2020 Fortune Business Insights . The devotion to bubble tea is so fanatical that in 2020, at the cusp of the circuit breaker, an argument broke out between a food rider and store employees about a hold-up in orders. Graph. This bubble tea craze has taken over. Elementary school children would look forward to buying a cup of refreshing tea after a long, hard day of work and play. Emerging countries such as China, India and Brazil growing with the CAGR of 8%, 9.5%, and 8.3% respectively. The types include milk tea, black tea, fresh fruit tea, smoothies or milkshakes, fresh milk, and salted cream. By the toppings segment, pearls are anticipated to grow at a prolific CAGR of 10.3% with more than 35% of the global market share. Due to widespread popularity and prevailing trends as well as the presence of many bubble tea manufacturers in this region, the bubble tea market in China is expected to continue to flourish over the forecast period. More people are discovering and enjoying bubble tea every year, however, so these figures may soon change as people age and continue to enjoy their favorite drink. It is made using green tea, white tea, black tea, or oolong tea. Lycopene Food Colors Market Growth: The overall demand for lycopene food colors is slated to grow at a prolific CAGR of 10.7% during the forecast 2022-2032, totaling US$ 257 Mn by 2032. But in case you dont Its tea served with a giant chewy ball of tapioca at the bottom of the cup. Consumption declines with age. Key players in the global bubble tea market are focusing on releasing novel and unique flavors of bubble tea. About | Privacy Policy |Contact | Advertise | Support. In the United States, 95% of women have tried bubble tea as opposed to 81% of men. 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. 10. Asia Pacific Bubble Tea Market Size, 2021 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. Bubble tea made a rise in popularity in 2018 with a 3000% increase in orders from Southeast Asia. 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. For example, according to . 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. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. With shops all around the world in many major cities, its easy to indulge your bubble tea craving when you want to! PDF Global Market Report: Tea - International Institute for Sustainable 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. Based on our analysis, the global market exhibited a slower growth of 2.76% in 2020 as compared to 2019. info@pearllemongroup.com. The mean age of study participants was 24 years and the age range was 18 or older to younger than 30 years. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive, Please pass on our sincere thanks to the whole team at Fortune Business Insights. Read More . . There are many varieties of the drink with a wide range of ingredients. Bubble Tea is a famous non-alcoholic beverage drink that first . Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Tea market in Canada - statistics & facts | Statista Deep Vein Thrombosis (DVT) Therapy Market Valuation Worldwide 2023 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%.. This can be attributed to the rise in awareness regarding healthy lifestyle and higher adoption of healthy beverages by health-conscious consumers. Almost overnight bubble tea shops popped up around the world in multiple countries that had never had an interest in it before. Bubble tea is a sweet, delicious drink typically made from a tea base that is then mixed with either milk or fruit flavoring. Tea industry statistics, analysis, market share, market reports With globalization, new trends have started striking the food service market, thereby influencing the young generation to try new beverages. This can be attributed to rise in the popularity of bubble tea with black tea as a base ingredient across the globe. Green tea. 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 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. 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. 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. 9. Australians drink tea and have afternoon tea and morning tea much the way the British do. Bubble tea is extremely high in calories. 2023 Allied Market Research. This growth is fueled by the perceived health benefits of green tea. In addition, the growing gastronomic tourism, rising number of health-conscious individuals, and increased social media influences further paved the way toward growing potential. South America is anticipated to grow in terms of sales volume of the products in the coming years. Tea in Australia - Wikipedia It should be no surprise then that sugar is a primary ingredient in the drink. Pour tea, milk, and 4 teaspoons sugar into a cocktail shaker. 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. With bubble teas sudden increase in popularity, it should be no surprise that the industry is only expected to keep growing. Each . 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. Looking forward to work together in the future, It has been a delightful experience working with you guys. Although there are plenty of bubble tea flavors to choose from, fruit teas tend to be the most popular. 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. 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. In 2020, China dominated the tea market with 78.7 billion US dollars of revenue. 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). 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! In the Philippines alone, orders increased by 3,500 percent from June to December 2018. Such initiatives further support the immense growth opportunities for the companies. 10. Bubble Tea Popularity Statistics Singapore; by palmebre Published: July 20, 2021 (2 days ago) Category. In 2020-21, of people aged 18 years and over: 6.4% consumed sugar sweetened drinks daily. Filipinos rank second highest bubble tea drinkers in Southeast Asia A. India is currently 1-0 up in the series, which has seen Indian spinners dominating both the tests in Nagpur and Delhi. 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. Asia-Pacific (APAC) dominates the bubble tea market because of the high consumption of the bubble tea within the region. Because of its proximity to Taiwan, where bubble tea was created, China quickly became a fan of the sweet beverage. Tea stands were set up in front of the schools and would compete for business with the best selling tea. Nearly everyone in Thailand enjoys drinking bubble tea, to the point that they have surpassed every other country in the amount that they drink! Additionally, due to Australia's climate, tea is able to be grown and produced in northern Australia. Bubble tea is a drink made from tea (usually black tea), milk, syrup, and a special ingredient that captivates the hearts of Chinese people: tapioca pearls. The bubble tea industry was valued at $2.2 billion in 2019. 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. However, excess sugar content in these drinks leading to health issues and trend of coffee consumption are expected to restrict the market growth. 2016. 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 . Nigeria, specifically, has become a hub for cassava production. Gong Cha, Kung Fu Tea, Lollicup USA, Tiger Sugar, Sharetea, Boba Guys, Tapioca Express, Cha Time, Ten Rens Tea Time, YiFang Bubble Tea, CoCo Fresh Tea & Juice, DaBoba, Happy Lemon, Quickly, Cojiitii, and others are some of the manufacturers of bubble tea profiled in the full version of the report. According to the report, bubble tea orders had increased at a whopping 3,000 percent in 2018. By sugar content, reduced sugar/sugar-free category will gain traction over the forecast period. Despite the burgeoning demand for such innovative tea beverages, the wide availability of other caffeinated and conventional drinks, such as coffee and chocolate, coupled with the prominent coffee consumption trends in Western countries, poses a threat to market growth. Followed by Asia Pacific, the North America bubble tea market share emerged to be the second-largest and is likely to maintain its position throughout the forecast period. Asia Pacific is expected to dominate the market during the forecast period. 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. Since our launch, weve worked on more than 1,000 projects for clients around the world. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. Among various flavors, fruit flavor is more popular, and this segment dominated the market in 2019. The drink became popular during the 1990s, just in time for millennials to develop a taste for it. Rising consumption of tea and coffee as nootropic drinks among students and working-class population is a key factor for the market growth. Online retailing is predicted to register an 11.9% CAGR. Bubble tea is a beverage originating from Taiwan comprising tea with fruit syrup or milk added, and then shaken. However, the sweeteners segment is expected to witness the highest growth, owing to rise in demand for sweet beverages across the globe. Tea - Australia - Statista - The Statistics Portal for Market Data In the next five years, the bubble tea industry is expected to grow by nearly 54%. The at-home market, also called off-trade market, covers all retail sales via super- and hypermarkets, convenience stores or similar sales channels. December 17, 2022. More Insights into the Bubble Tea Market Report. And if you have a sweet tooth, its SO GOOD. 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. 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. Rinse, drain, and refrigerate until chilled. Request a Free sample to learn more about this report. Get a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12310. We use cookies to enhance your experience. 15 Tea Statistics and Facts to Know in 2023: Fascinating Data! If you love bubble tea and are looking for a make your own bubble tea kit, this is the place! Many Thai people drink bubble tea daily, and in many cases may drink multiple cups per day. Survey: Millennials, Gen Z Big Fans of Bubble Tea Book your free consultation and let our research experts help you with your needs/problems.