It should be no surprise then that sugar is a primary ingredient in the drink. Sometimes they are blended with ice to give them a more slushy-like consistency. Market size and forecast, by Flavor, 2020-2028 What may surprise you though is the amount of sugar! The closure of Shanghai . This is a decrease, compared to the growth of about 7.64% per year, registered in 2015-2019. In this era, the growing consumer preferences for products depend on various factors such as choice of taste, price, brand, and location accessibility. Commentary: The curious case of Singapore's devotion to bubble tea Millennial Tea Drinking Stats - Tea continues to gain market share in surprising areas. Book your free consultation and let our research experts help you with your needs/problems. Tea is considered the second most popular drink of choice worldwide. Insights. A. 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. Theory seemed to meet reality . 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 . Overall, though tea registered. Moreover, based on the study by the finance-based startup, Momentum Works and payment startup, Qlub, Indonesias bubble milk tea market ranked first among all the Southeast Asian countries. Which is the leading segment based on the product type in the market? We use cookies to enhance your experience. For instance, in April 2022, U.S. based start-up namely Bubluv Inc. launched tapioca starch and konjac based bubble tea in three flavors, black milk tea with tapioca pearls, matcha soy latte with tapioca pearls, and oolong guava with tapioca pearls. It slowly spread throughout Asia before gaining popularity in the U.S. and across the globe. Rinse, drain, and refrigerate until chilled. This cross-sectional study investigated the association between bubble tea consumption and symptoms of anxiety and depression in a population-based sample. Introduced to China in the early 1990s, it quickly became one of the most popular drinks in the nation. Adults' total beverage consumption drops steadily with age. Who drinks bubble tea? What statistics can tell us about - Australia Stir until the sugar has dissolved and the milk is well mixed in. 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. 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. The key players in the industry receiving high levels of popularity and response from customers are franchising their businesses into different locations. Ready to drink tea products have seen a 15x increase in sales and consumption since 2004. 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. 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. Tea is the second most popular drink in the world, with water at first place. 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. The U.S. market is anticipated to register a prolific CAGR of 12.4% over the forecast period. According to the recent report by FMI, based on base ingredient type, the green tea segment is expected to dominate the market over the forecast period. 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 global COVID-19 pandemic has been unprecedented and staggering, with bubble tea experiencing lower-than-anticipated demand . Companies, such as Lollicup U.S.A. Inc., Gong Cha, Chatime, and others, have invested in research and development activities to offer new variants of tea for a growing market. Bubble Tea originated in Taiwan in the early 1980's at a small tea stand. Art & Craft. 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. Thank you Fortune Business Insights for your efforts and prompt response, I had a great experience working with Fortune Business Insights. 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. For people aged 71 or older, the figures were substantially lower, at 1,584 grams and 1,532 grams, respectively. We selected the top 40 popular menu items from three of the most commonly used OFD applications in 2021. Healthy Drinking to Spur Bubble Tea Market Demand through 2030, Future This is a list of countries ordered by annual per capita consumption of tea, as of 2016. Bubble tea consumption gender-wise: According to the statistics, bubble tea is a favorite drink of women. Based on bubble tea market forecast, the liquid component was the most prominent segment accounting for the highest share in the bubble tea market. This, along with the rise in dairy alternatives is fueling market growth of bubble tea in the U.S. China bubble tea market is forecasted to grow at a 7.5% CAGR. 4. This can be attributed to the rise in awareness regarding healthy lifestyle and higher adoption of healthy beverages by health-conscious consumers. 10. If theres one thing you can count on, its that bubble tea is going to be more popular among women than men. India is currently 1-0 up in the series, which has seen Indian spinners dominating both the tests in Nagpur and Delhi. 5. We are happy with the professionalism of your in-house research team as well as the quality of your research reports. One such brand riding that success locally is Chatime, a Taiwanese-founded bubble tea business which chose Australia as its first-ever Western market almost 10 years ago in 2009. 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. Symptoms of . Accelerated demand for healthier beverage alternatives to carbonated drinks coupled with shifts in consumer preferences is fueling market growth for bubble tea. Thailand leads in . 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. However, excess sugar content in these drinks leading to health issues and trend of coffee consumption are expected to restrict the market growth. 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. The market for Tea segment is expected to show a volume growth of 1.6% in 2024. The data offered to us was exactly what we were looking for. Although the drink was originally created in Taiwan, its signature ingredient is primarily grown in Nigeria, Thailand, Indonesia, and Brazil. Countries in North America are gradually increasing the consumption of this tea owing to the growing popularity of tea-based drinks. Global Bubble Tea Market Dynamics, Regional Analysis, Segmentation, Competitive Landscape, COVID-19 Impact, Recent Developments and SWOT Analysis of Key 11. This can be attributed to change in preference of consumers toward healthy beverages and better taste. | Source: The region is witnessing a cross-cultural food consumption trend, and the growing health and wellness approach is also expected to boost the growth. 297 billion liters of tea were consumed worldwide in 2021. 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 (%) . 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. Published. Consumption of sugar sweetened and diet drinks in adults. . Rank Country/Region Tea consumption 1 Turkey: 3.16 kg (6.96 lb) . This is likely due to its naturally sweet flavor and all of the different varieties of teas that are available. This can be attributed to rise in the popularity of bubble tea with black tea as a base ingredient across the globe. The research report includes quantitative and qualitative insights into the market. The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. About | Privacy Policy |Contact | Advertise | Support. The global bubble teamarket holds a substantial scope for growthduring the forecast period. Businesses that sell bubble tea (including those that serve other drinks, such as coffee and smoothies) face a lot of competition since there are many places where customers can find the same drink. Find the most up-to-date statistics and facts on the tea market in Canada. 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. It is made using green tea, white tea, black tea, or oolong tea. About 200 million pounds of tea leaves (bagged & loose) are shipped into the United Choice Reviews Reveal Australian Tea Trends | World Tea News In addition, aggressive advertisements and celebrity end orsements have also helped the global market to pave its way toward growth. The size of the global Bubble Tea Market in 2019 was $2,407.6 million. 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. 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.. Between 2021 and 2028, the global tea market is expected to grow at a CAGR of 6.6%. Key players in the global bubble tea market are focusing on releasing novel and unique flavors of bubble tea. Tapioca balls or "pearls" are often added to the concoction as well. 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. According to the Food and Agriculture Organization (FAO) of the United Nations, Nigeria is the largest exporter of cassava at 21% of the worlds amount. Although there are plenty of bubble tea flavors to choose from, fruit teas tend to be the most popular. Statista. 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. Global Demand for Coffee - Despite the demand for coffee in the United States, the country only ranks 25th in per capita coffee consumption. It's the second most-consumed drink in the world, only behind water. This beverage has undergone a few waves of popularity in Singapore. Extruding the tapioca into these small balls is difficult work. Moreover, as per researches conducted by different reputed organizations, tea is proven to prevent different type of cancers, lower cholesterol, help boost immunity, facilitate weight loss, and prevent neurological diseases.This indicates that the health benefits associated with bubble tea are anticipated to drive the overall market. 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. 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. We are happy to help. Among participants, 647 (88%) consumed less . This popular sweetened tea is made up of high-quality milk and tapioca pearls, along with fruit powder, creamer, and sweeteners. Thanks for sticking with me in this huge post. 7. The appearance of the finished drink is what led to its name. Based on the distribution channel, online retailing is expected to exhibit a CAGR of 11.9%. The 30 Tea Drinkers vs. Coffee Drinkers Statistics. To understand the global market potential, growth, and scope, the market is segmented based on base ingredients (black tea, green tea, oolong tea, white tea, others), flavor (original, flavored (nut-flavored, chocolate, fruit, honey, mocha, caramel, vanilla, coconut), sugar content (regular, reduced sugar/sugar-free) format (ready-to-drink, instant mixes), toppings (pearl, grass jelly, coconut jelly, red bean, multiple/ others), distribution channel (direct (B2B), indirect (B2C) (hypermarket/ supermarket, convenience store, grocery retailers, wholesale, other store-based retailing), online retailing), and region. Ice-blended versions are usually mixed with fruit or syrup, resulting in a slushy consistency. Statista. Bubble tea is known for its sweet taste. 01 The first bubble tea came out in the early 1980s. Teamorrow Australia - Northbridge, Western Australia - WorldPlaces Cassava flour itself comes from the cassava root, which is native to South America but has become a staple food in many African nations. The percentage of tea that is consumed which is green tea: 15%. Moreover, zero fat and low calorie contents of . Tea culture: A transformation is brewing in India - The Statesman The report covered all the points and was very detailed. Availability of Other Caffeinated Drinks to Impede Growth. Let's assume that the daily maintenance calories for an average adult man are 2,500 kcal, and for an average adult . Bubble Tea Market Size, Share, Growth Report, 2020-2027 Online retailing is predicted to register an 11.9% CAGR. A. An Infographic Representation of Bubble Tea Market, To get information on various segments, share your queries with us. 15. 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. In the next five years, the bubble tea industry is expected to grow by nearly 54%. The segment is expected to display an 11.4% CAGR, and account for more than 38% of the global market share. A. Find your information in our database containing over 20,000 reports, Consumer Market For those looking to cut back on sugar, bubble tea may not be the best choice. 13. Consumer Shift toward Healthy Alternatives to Favor Growth. Post- Budget webinar News Updates Live: This year's budget will give 7.1% consumed diet drinks daily. Tea in Australia - Wikipedia The green tea segment was the highest contributor to the market, with $16,362 million in 2019, and is estimated to reach $26,110 million by 2027, at a CAGR of 9.8% during the forecast period. Such challenges cumulatively hamper the growth potential of the global market. 9. Because of its proximity to Taiwan, where bubble tea was created, China quickly became a fan of the sweet beverage. Chatime, Gong Cha, Coco Fresh Tea & Juice, and Lollicup USA, Inc. are the leading players in the market. Request Now ! However, since the ease of lockdowns, governments have proposed several initiatives and strategies to help the companies in recovering the losses across the globe. By 2025, 70% of spending and 10% of volume consumption in the Tea . Its not just the sugar that gives these drinks their sweetness, though; many restaurants also add sweeteners to them. After experiencing a downfall due to fierce market competition in 2003, the bubble tea market was revived in 2007 with the entry of several foreign brands. USD 1,195. For instance, Nextrends Asia 2021 displayed a surge in Taiwans exports of pearl milk teas base ingredients (raw materials, packaging and machinery, and others) which was an increment of 330% as compared to 2018. The average volume per person in the Tea segment is expected to amount to 0.68kg in 2023. In the United States, 95% of women have tried bubble tea versus 81% of males. In 2018, there were over 450,000 shops selling bubble tea in China. Bubble tea . If youre looking for a sweet, refreshing drink that doesnt compromise on flavor or quality, bubble tea is the answer. It looks quite comprehensive and the data is exactly what I was looking for. Future Market Insights Global and Consulting Pvt. A 16 oz serving of bubble tea contains 38 grams of sugar, which is 76% of the recommended daily value. The current valuation of the market is US$ 2.50 billion in 2022. The Market for Bubble Tea in North America to be the Most Dominant & Fastest Growing. By flavor, the market is classified into coffee, fruit, chocolate, original, and others. Future Market Insights Global and Consulting Pvt. Its iced or hot black or green tea mixed with chewy tapioca balls that are often flavored. 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. 9. If you love bubble tea and are looking for a make your own bubble tea kit, this is the place! Interesting Facts. The article shared insights on the bubble tea craze in Southeast Asia. The forecast period in the global bubble tea market report is 2019-2027. The success of bubble tea in China explained - Daxue Consulting Meanwhile, Philippinos drink five cups of this tea per month. 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. By 2025, 70% of spending and 10% of volume consumption in the Tea segment will be attributable to out-of-home consumption (e.g., in bars and restaurants). Aug 16, 2022, 1:25 PM SGT. Add the ice cubes, and shake so the whole drink can get cold. Required fields are marked *. Boba tea is creating a buzz among individuals worldwide, owing to its growing appeal and novelty. The black tea segment is expected to be the leading segment in the global market. Heycha and Yicha both have similar-sounding names and include refreshing fruit teas as part of their star offerings. 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%.. 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. (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. They are made from cassava starch, a common ingredient in Brazilian culture, and they take time, effort, and skill to make properly. Bubble milk tea has emerged as a cultural icon for the world and symbolizes Taiwans food innovation to promote its existence amidst the food service industry. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. page 1 . info@pearllemongroup.com. However, the green tea segment is expected to grow at the highest CAGR throughout the forecast period, owing to growth innumber of health conscious consumers worldwide. For instance, in September 2021, Dubai witnessed the opening of various new tea outlets serving bubble tea across the country. Countries such as Vietnam and Taiwan are projected to have the largest sales. Join over 60,000 Bubblers (that's what we call our lovely customers!) Consumption of black tea is highly promoted due to its strong antioxidant, anti-aging, and anti-diabetic properties. More Insights into the Bubble Tea Market Report. The at-home market, also called off-trade market, covers all retail sales via super- and hypermarkets, convenience stores or similar sales channels. Over of the bubble tea enjoyed around the world is fruit-flavored. This was attributed due to rise in the consumption of tea based everages across the world. Tea stands were set up in front of the schools and would compete for business with the best selling tea. According to Fortune Business Insights, the Asia Pacific region holds the largest market share and is expected to grow at a compound annual growth rate (CAGR) of 10.07 per cent by 2027. Blog - Pearl Lemon Boba | All About Bubble Tea Strong dependency on Asian countries to source raw materials acts as one of the major restraints in the market. 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. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. The Mayo Clinic state that up to 400 mg of caffeine a day is probably safe for most healthy adults. 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. 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. 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. The global market is projected to reach US$ 194.7 Bn by 2032. Get in touch with us. 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. Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. 10. a more convenient consumption option, compared with hot cereals, which can require the addition of boiling water or milk. Six in ten (59.7%) did not usually consume either sugar sweetened or diet drinks. According to a recent consumer study, 94% of people between ages 20 and 29 have purchased bubble tea within the last 3 months. Tea - 2023 Data - 2009-2022 Historical - 2024 Forecast - Price - Quote A. When you look at the marketing for bubble tea, the numbers make sense. PDF Demographic Summary - TeaUSA 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". Based on our analysis, the global market exhibited a slower growth of 2.76% in 2020 as compared to 2019. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. Per Capita Global Tea Consumption Patterns Americans consume more than 50 billion servings of tea a year, nearly 85% of which is iced. 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. When we say that bubble tea is insanely popular, were not joking.