Six in ten (59.7%) did not usually consume either sugar sweetened or diet drinks. Tea consumption per capita in the UK is 1.3 kg for 2019. In 2016, 19.4 per cent of Such initiatives further support the immense growth opportunities for the companies. Survey: Millennials, Gen Z Big Fans of Bubble Tea 1. The report was very accurate and as per my requirements. Overall, though tea registered. Green tea. Asia Pacific is expected to dominate the market during the forecast period. 1 2 3 8. Philippines: Tea Market and the Impact of COVID-19 on - market research 8. Add the ice cubes, and shake so the whole drink can get cold. Future Market Insights Global and Consulting Pvt. The campaign will be extended due to the tremendous profit achieved, which motivates the company to broaden its product offerings and brand position. The market is anticipated to be valued at US$ 46.0 Mn in 2032. However, the consumption of tea is not as prominent as the popularity of coffee in South American countries such as Argentina and Brazil. 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. 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. The bubble tea industry was valued at $2.2 billion in 2019. That means 24 countries have higher consumption rates that are worth targeting. 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. Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. July 26, 2022 10:30 ET
It includes flavor variants such as lychee, mango, passion fruit, peach, plum, strawberry, avocado, banana, grape, kiwi, lemon, and others. Originating in Taiwan, the drink typically consists of tea, milk/cream, and sugar accompanied by tapioca pearls. Symptoms of . 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. The incredible success of bubble tea in China since 1996. In relation to total population figures, per person revenues of US$53.14 are generated in 2023. An average, medium-sized serving of bubble tea has, on average, 335 calories. Bubble tea is a drink made from tea (usually black tea), milk, syrup, and a special ingredient that captivates the hearts of Chinese people: tapioca pearls. Such challenges cumulatively hamper the growth potential of the global market. Additionally, due to Australia's climate, tea is able to be grown and produced in northern Australia. The current valuation of the market is US$ 2.50 billion in 2022. Statista. Each . More Insights into the Bubble Tea Market Report. 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. Moreover, higher expenditure of consumers on healthy beverages adds to the popularity of bubble tea in theregion. 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. Nevertheless, manufacturers are trying to introduce new beverage options, such as bubble milk tea, in the market. Jan 2023. Methods: Self-report questionnaires were used to assess bubble tea consumption and mental status. If you have an adventurous palette, we highly recommend trying as many different flavors as you can to find the one that will be your favorite! Rinse, drain, and refrigerate until chilled. The Asia Pacific market held the largest share and was valued at USD 0.90 billion in 2021. 10. 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 ($5.1 . Chocolate flavored milk tea is tremendously popular in which chocolate powder is blended with milk to strengthen its flavor. Apart from the variety of flavors available, one of the primary elements fueling the expansion of bubble tea Industry is the health benefits. Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on thePlant Based Marketthat throws light on potential opportunities andinvestments made in the Global plant based market. Mineral Premix Market Demand: The global mineral premixes market is expected to reach US$ 761.1 Mn by 2022, accelerating at a CAGR of 8.6% during the forecast period (2022-2032). Tea culture: A transformation is brewing in India - The Statesman 7.3.9.1. 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. 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. 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 . 5. 3. In the next five years, the bubble tea industry is expected to grow by nearly 54%. 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. We use cookies to enhance your experience. Per Capita Global Tea Consumption Patterns Americans consume more than 50 billion servings of tea a year, nearly 85% of which is iced. And if you have a sweet tooth, its SO GOOD. US Coffee Statistics. 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.. The consumption of organic tea rose by 1.06 million gallons in 2018. Singapore market is forecasted to grow at a CAGR of 10.7%. The bubble tea market in Thailand is predicted to register an 8.7% CAGR. 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. Bubble tea is extremely high in calories. 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. 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 global market for organic tea is showcasing strong growth principally because of the growing knowledge regarding safer counterparts of organic products among consumers. This is for a full-sugar serving that contains 60 g of sugar. Health Reports: Beverage consumption of Canadian adults: Findings 13. For those looking to cut back on sugar, bubble tea may not be the best choice. Bubble tea is also known as (Zhen Zhu Nai Cha) directly translates to pearl milk tea, but is also known as boba tea in . Consumer Shift toward Healthy Alternatives to Favor Growth. Whether youre feeling something sweet, fruity, and refreshing, something soothing and tea-like, or a slushy smoothie like-drink, bubble tea has you covered. (2.Americans rank 25th for coffee consumption per capita, with an average consumption of 4.2 kg per person per year. Is Running A Bubble Tea Business In S'pore Actually Lucrative? The size of the global Bubble Tea Market in 2019 was $2,407.6 million. 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 is a famous non-alcoholic beverage drink that first . How much sugar was consumed? Australia . Availability of Other Caffeinated Drinks to Impede Growth. But in case you dont Its tea served with a giant chewy ball of tapioca at the bottom of the cup. 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. 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. 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. As of December 2018, GrabFood's bubble tea network encompasses over 1,500 brands with 4,000 outlets throughout . Statista. 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. Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. Contact Sales for Further Assistance in Purchasing this Report @ https://www.futuremarketinsights.com/checkout/12310. The segment will depict a robust 11.8% CAGR and account for more than 26% of the market share.
It's the second most-consumed drink in the world, only behind water. Over 95% of females in the united states have tried bubble tea, while 81% of males . 14. The mean age of study participants was 24 years and the age range was 18 or older to younger than 30 years. 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. Meet one of Australia's fastest-growing franchises: How Chatime is 7.1% consumed diet drinks daily. 2016. Grab also reported that on average, Southeast Asians drink an average of four cups of pearl milk tea per person per month. How much is the global bubble tea market worth? Bubble Tea Market - Persistence Market Research For example, according to . 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 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. 11. Among various flavors, fruit flavor is more popular, and this segment dominated the market in 2019. | Source:
What may surprise you though is the amount of sugar! 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. Australians drink tea and have afternoon tea and morning tea much the way the British do. Bubble Tea Market Analysis Report 2023 Along with Statistics Figures 04 For a short time in 2012, all 800 branches of McDonalds in Germany sold bubble tea. Thank you Fortune Business Insights for your efforts and prompt response, I had a great experience working with Fortune Business Insights. About | Privacy Policy |Contact | Advertise | Support. Bubble tea | Infopedia - National Library Board Bubble tea consumption and its association with mental - ScienceDirect 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. 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. 11.2% of Victorian adults consume sugar sweetened beverages daily. Heycha and Yicha both have similar-sounding names and include refreshing fruit teas as part of their star offerings. IJERPH | Free Full-Text | Nutritional Content of Popular Menu Items Stir until the sugar has dissolved and the milk is well mixed in. 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. By flavor, the market is classified into coffee, fruit, chocolate, original, and others. info@pearllemongroup.com. The report covered all the points and was very detailed. The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. Virtually any fruit that you can think of can be enjoyed in a bubble tea drink. 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. Picture via Instagram/yicha_malaysia and myheycha. Thank you for requesting a call back, our sales representative will get in touch with you shortly! 9. Sugary drink consumption data It also offers a detailed analysis of the market size and growth rate for all possible market segments. 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. With globalization, new trends have started striking the food service market, thereby influencing the young generation to try new beverages. Thailand leads in bubble tea consumption at an average of 6 cups per person per day. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. 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. The report segments the global bubble tea market based on base ingredient, flavors, component, and region. Because of its proximity to Taiwan, where bubble tea was created, China quickly became a fan of the sweet beverage. Get in touch with us. 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. Rank Country/Region Tea consumption 1 Turkey: 3.16 kg (6.96 lb) . There was a 3,000% increase in the amount of bubble tea orders in Southeast Asia in 2018. The percentage of tea that is consumed which is green tea: 15%. 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. Tea industry statistics, analysis, market share, market reports 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 . Other players operating in the market are Boba Box Limited, Fokus Inc., Sumos Sdn Bhd, Troika J.C. (Qbubble), and Boba Tea Company. For better delivery of our new release, Please help us undestand your interest Industry and Frequency that you prefer to get the new releases. 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". Accelerated demand for healthier beverage alternatives to carbonated drinks coupled with shifts in consumer preferences is fueling market growth for bubble tea. Ready-to-Drink variants are instead aggregated into the segment Ready-to-Drink (RTD) Tea in the Non-Alcoholic Drinks market. There are many varieties of the drink with a wide range of ingredients. Published. Which is the leading segment based on the product type in the market? This means, market totals are not comparable to published data from prior years. Fruit Flavor Segment is Dominating Backed by High Consumer Preference. Although there are plenty of bubble tea flavors to choose from, fruit teas tend to be the most popular. Moreover, increase in disposable income and economic growth in advanced & emerging economies support the market growth. These latest product ranges further act as a marketing strategy to attract a vast consumer base worldwide. Data at LGA level is also presented. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes. 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. 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. SOURCES OF FREE SUGARS - Australian Bureau of Statistics Among participants, 647 (88%) consumed less . PDF Demographic Summary - TeaUSA Fruit-flavored bubble teas account for the largest percentage of bubble tea consumed at 37%. 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. On the contrary, introduction of various new flavors and blends and high demand among young population for a variety of teas are expected to provide lucrative opportunities for the market expansion.The bubble tea market has been segmented on the basis of on base ingredient, flavors, component, and region. Bubble teas distinct flavor, easy product availability, and numerous varieties offered will help the market to flourish. The Mayo Clinic state that up to 400 mg of caffeine a day is probably safe for most healthy adults. 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! Elementary school children would look forward to buying a cup of refreshing tea after a long, hard day of work and play. In global comparison, most revenue is generated in China (US$111,800.00m in 2023). Based on the distribution channel, online retailing is expected to exhibit a CAGR of 11.9%. Virtually any flavor that you can imagine exists with bubble tea. As per the report, sales will increase at a 4.2% CAGR over the forecast period, reaching US$ 354.6 Mn by 2032. Pour tea, milk, and 4 teaspoons sugar into a cocktail shaker. An Infographic Representation of Bubble Tea Market, To get information on various segments, share your queries with us. Sometimes they are blended with ice to give them a more slushy-like consistency. 10. Tea stands were set up in front of the schools and would compete for business with the best selling tea. Manufacturers are capitalizing on improving the functionality of boba drinks ingredients to cater to the rising demand from consumers. It is expected to be the fastest growing segment owing to consumers' inclination towards the convenience offered. A. Who drinks bubble tea? What statistics can tell us about - Australia 50 Bubble Tea Facts That You Should Know About Toss in the pearl tapioca. 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). 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. Tea is a beverage made by pouring hot water over cured leaves. 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. Over 90% of the tea consumed is Black Tea, about 5% Green Tea, 1% Oolong Tea and the balance flavored, scented, or mixed teas. When you look at the marketing for bubble tea, the numbers make sense. With 38 grams per 16oz beverage, bubble tea should be enjoyed in moderation. According to NCBI, healthy and natural ingredients such as green tea help in preventing weight gain and also in inducing weight loss when consumed regularly. 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. In the Tea segment, volume is expected to amount to 18.6mkg by 2025.
One cup of tea is assumed to contain 2 grams of tea. In the Philippines alone, orders increased by 3,500 percent from June to December 2018. Boost your students confidence by putting their results next to the public's This cross-sectional study investigated the association between bubble tea consumption and symptoms of anxiety and depression in a population-based sample. The closure of Shanghai . 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. That is approximately four cups of brewed coffee, 10 cans of cola or two "energy shot . Tapioca pearls are made from cassava flour, of which Nigeria is the worlds largest exporter (21%). Some of the most popular fruit flavors include strawberry, blueberry, green apple, pineapple, passion fruit, mango, lemon, watermelon, grape, peach, cantaloupe, banana, and kiwi among others. Rohit Sharma hints at using green pitch in 4th Test against Australia The average volume per person in the Tea segment is expected to amount to 0.68kg in 2023. 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. BUBBLE TEA CRAZE in Southeast Asia - mise en place 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. [1] Who are the leading players in the market?
Find the most up-to-date statistics and facts on the tea market in Canada. A. December 17, 2022. Tea - 2023 Data - 2009-2022 Historical - 2024 Forecast - Price - Quote The bright colors and availability of sweet and fruity flavors especially appeal to children . 16 Bubble Tea Statistics to Calm Your Cravings - Soocial Cook for about 20 minutes. The market for Tea segment is expected to show a volume growth of 1.6% in 2024. info@pearllemongroup.com. Emerging countries such as China, India and Brazil growing with the CAGR of 8%, 9.5%, and 8.3% respectively. Bubble Tea Club | DIY Bubble Tea Kits The appearance of the finished drink is what led to its name. 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. Health Benefits Associated with Bubble Tea Consumption to Drive the Market Growth . This popular sweetened tea is made up of high-quality milk and tapioca pearls, along with fruit powder, creamer, and sweeteners. Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-12310, Explore FMIs Extensive Coverage on Food and Beverage Domain. Nearly everyone in Thailand enjoys drinking bubble tea, to the point that they have surpassed every other country in the amount that they drink! With bubble teas sudden increase in popularity, it should be no surprise that the industry is only expected to keep growing. In 2020, China dominated the tea market with 78.7 billion US dollars of revenue. Brands, such as Koi The Co, Moge Tee, and M.A.D. Bubble tea consumption statistics - pearllemonboba.com Bubble Tea Calories, Is Boba A Healthy Drink? - Honest Food Talks Tea is an aromatic beverage derived . Malaysia Coffee & Tea Reports: Our 2023 Malaysia report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Coffee & Tea market. Based on our analysis, the global market exhibited a slower growth of 2.76% in 2020 as compared to 2019. 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. Filipinos rank second highest bubble tea drinkers in Southeast Asia
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. Interesting Facts. Aug 16, 2022, 1:25 PM SGT. Need to talk to an expert? Pour into a glass, and add tapioca. Its not just the sugar that gives these drinks their sweetness, though; many restaurants also add sweeteners to them. Bubble tea is a sweet, delicious drink typically made from a tea base that is then mixed with either milk or fruit flavoring. The value of its market is estimated to be $5.2 billion. The region is witnessing a cross-cultural food consumption trend, and the growing health and wellness approach is also expected to boost the growth. China is one of the prominent regions in the market that accounted for a sizeable share of the total market in 2019. According to a study published in the National Library of Medicine, 2022, chewing tapioca pearls can increase the salivary C-protein (CRP) and calcium (Ca) levels. Bubble Tea Market Sale, Share, Size, Growth & Forecast -2032 Malaysia has 74 bubble tea brands, can you tell them all apart? Required fields are marked *. One kilogram therefore represents 500 cup equivalents. NEWARK, Del, July 26, 2022 (GLOBE NEWSWIRE) -- The global bubble tea market is projected to reach a value of US$ 5.5 Bn by 2031, with sales growing at a robust CAGR of 8.8% for the forecast period . One concession owner became popular with her . Your email address will not be published. FB : Beverages| Pages: 261 | Author(s) : Vaibhav S , Roshan D, Single User License, Five User License & Enterprise User License. The ICC World Test Championship final will be played in The Oval, London from June 7 to 11, where the conditions are pacer-friendly. 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. For one, there are all of the sweet flavors and fun combinations of ingredients you can get. This was attributed due to rise in the consumption of tea based everages across the world.