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. 11.2% of Victorian adults consume sugar sweetened beverages daily. Bubble Tea Market Analysis, Growth & Forecast 2027 | Major The segment is expected to display an 11.4% CAGR, and account for more than 38% of the global market share. An average, medium-sized serving of bubble tea has, on average, 335 calories. Tapioca pearls are made from cassava flour, of which Nigeria is the worlds largest exporter (21%). Filipinos rank second highest bubble tea drinkers in Southeast Asia Bubble tea is drunk by millions of people around the world every single day, even in countries that you might not expect! 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. The data offered to us was exactly what we were looking for. 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. Pearls or boba color varies depending on the additives added to the tapioca and this segment is one of the most trending bubble tea across the world. Based on the distribution channel, online retailing is expected to exhibit a CAGR of 11.9%. 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. Get in touch with us. There are many varieties of the drink with a wide range of ingredients. In Asia, however, it is equally popular among men and women and is seen as a cultural phenomenon. The manufacturers or entrepreneurs in the boba tea industry are venturing upon the launch of their own restaurants/cafes to attract consumers and fortify their market presence. 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. Nevertheless, manufacturers are trying to introduce new beverage options, such as bubble milk tea, in the market. With globalization, new trends have started striking the food service market, thereby influencing the young generation to try new beverages. 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. Rising Raw Material and Transportation Cost Due to the Pandemic to Slow Down the Market Growth. Bubble Tea Popularity Statistics Singapore - Emkan.me CXOs from the leading companies perceive that product innovation, development of newer flavor, and use of organic preservatives & color in the manufacturing process are the major areas of growth for the bubble tea market. 01 The first bubble tea came out in the early 1980s. Dietary behaviour, 2020-21 financial year - Australian Bureau of Statistics The demand for bubble tea is predicted to grow at an impressive rate. 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. Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. In 2016, 19.4 per cent of Its iced or hot black or green tea mixed with chewy tapioca balls that are often flavored. Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-12310, Explore FMIs Extensive Coverage on Food and Beverage Domain. +44 208 097 3636. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive, Please pass on our sincere thanks to the whole team at Fortune Business Insights. This can be attributed to the availability of various options such as combination of various liquid flavors and syrups. 11. NEWARK, Del, July 26, 2022 (GLOBE NEWSWIRE) -- The global bubble tea market is projected to reach a value of US$ 5.5 Bn by 2031, with sales growing at a robust CAGR of 8.8% for the forecast period . 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. 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. Over 90% of the tea consumed is Black Tea, about 5% Green Tea, 1% Oolong Tea and the balance flavored, scented, or mixed teas. Tea - 2023 Data - 2009-2022 Historical - 2024 Forecast - Price - Quote Asia Pacific Bubble Tea Market Size, 2021 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. Were big enough to handle massive projects, and yet also nimble enough to come up with names on demand that hit every time. There are 250 different flavors of bubble tea. 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. 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. Green tea has shown long-term energy inducing properties and has a positive effect on the regulation of body weight. Ready to drink tea products have seen a 15x increase in sales and consumption since 2004. Bubble tea truly is an international drink! Global Bubble Tea Market Size, Growth, Share, Industry Trends Analysis Almost overnight bubble tea shops popped up around the world in multiple countries that had never had an interest in it before. 10. 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 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. 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. 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%.. 17 Aug 2022 12:37PM (Updated: 17 Aug 2022 06:16PM) SINGAPORE: Bubble tea lovers in Southeast Asia spend US$3.66 billion a year on the beverage and similar "new tea" drinks, with Singapore . 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. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. It includes flavor variants such as lychee, mango, passion fruit, peach, plum, strawberry, avocado, banana, grape, kiwi, lemon, and others. Because of its proximity to Taiwan, where bubble tea was created, China quickly became a fan of the sweet beverage. 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. As a result, other plant-based hot . Adolescents drink too much caffeine - Medical News Today The types include milk tea, black tea, fresh fruit tea, smoothies or milkshakes, fresh milk, and salted cream. Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. 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. However, since the ease of lockdowns, governments have proposed several initiatives and strategies to help the companies in recovering the losses across the globe. Manufacturers are capitalizing on improving the functionality of boba drinks ingredients to cater to the rising demand from consumers. Boba tea is creating a buzz among individuals worldwide, owing to its growing appeal and novelty. What may surprise you though is the amount of sugar! In global comparison, most revenue is generated in China (US$111,800.00m in 2023). 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. Find your information in our database containing over 20,000 reports, Consumer Market The appearance of the finished drink is what led to its name. The global Bubble Tea Market is expected to $4,368.6 million in 2027. Black tea is the most consumed tea around the world. 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. We value them as a research company worthy of building long-term relationships., Well done Fortune Business Insights! If you love bubble tea and are looking for a make your own bubble tea kit, this is the place! a more convenient consumption option, compared with hot cereals, which can require the addition of boiling water or milk. 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. In 2019, tea revenue globally is about US$214,761m and is expected to grow each year by 6.9% until 2023. Whether youre feeling something sweet, fruity, and refreshing, something soothing and tea-like, or a slushy smoothie like-drink, bubble tea has you covered. (Caffeine Informer) Rank Country/Region Tea consumption 1 Turkey: 3.16 kg (6.96 lb) . Bubble tea consumption statistics show that Thais drink six bubble teas per month. Book your free consultation and let our research experts help you with your needs/problems. Interesting Facts. If theres one thing you can count on, its that bubble tea is going to be more popular among women than men. According to ourlatest study, due to COVID-19 pandemic, the global Bubble Tea market size is estimated to be worth USD 8295.5 million in 2021 and is forecast to a readjusted size of USD 26870 . If youre looking for a sweet, refreshing drink that doesnt compromise on flavor or quality, bubble tea is the answer. Originally created in Taiwan in the 1980s, bubble tea has quickly exploded in popularity. However, the chocolate flavor segment is expected to witness highest growth, owing to increase in its popularity of in all age groups for all flavored beverages and rise in awareness of health benefits of chocolate among consumers. The boba tea trend continued to soar in its originating region and later spread its attractiveness in other western countries, such as Canada and the U.K., and is now considered a mainstay due to its unique formulation. A. Many Thai people drink bubble tea daily, and in many cases may drink multiple cups per day. Asia-Pacific (APAC) dominates the bubble tea market because of the high consumption of the bubble tea within the region. 9. Emerging countries such as China, India and Brazil growing with the CAGR of 8%, 9.5%, and 8.3% respectively. Changes in consumers tastes and preferences have fostered growth for the bubble tea market over the forecast period. Tartrazine Market Trend: Global tartrazine market is projected to reach a valuation of US$ 120 Mn in 2022, with demand growing at a 7.0% CAGR over the forecast period. Unilever (Lipton), Associated British Foods (Twinings) and Tata Global Beverages (Tetley) are globally the most important players by revenue. Among various flavors, fruit flavor is more popular, and this segment dominated the market in 2019. Meanwhile, Philippinos drink five cups of this tea per month. 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. 12. . The Bubble Tea Club Kit has everything you need to make delicious homemade bubble tea. 7.1% consumed diet drinks daily. Background: Bubble tea has become enormously popular in China in recent years. 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 . 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. Bubble tea is a beverage originating from Taiwan comprising tea with fruit syrup or milk added, and then shaken. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. In 2020, China dominated the tea market with 78.7 billion US dollars of revenue. Blog - Pearl Lemon Boba | All About Bubble Tea PDF Demographic Summary - TeaUSA 19 Shocking Tea Consumption Statistics - BrandonGaille.com 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. Healthy Drinking to Spur Bubble Tea Market Demand through 2030, Future Tea is an aromatic beverage derived . Based on bubble tea market forecast, the liquid component was the most prominent segment accounting for the highest share in the bubble tea market. 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. For people aged 71 or older, the figures were substantially lower, at 1,584 grams and 1,532 grams, respectively. For example, according to . In 2018, bubble tea made a 3,000 . Which region held the highest share in the market? A. Bubble teas distinct flavor, easy product availability, and numerous varieties offered will help the market to flourish. Chewy tapioca balls or different flavored jellies are then added to give bubble tea the fun, chewy texture that it is known for! PDF Global Market Report: Tea - International Institute for Sustainable Aug 16, 2022, 1:25 PM SGT. Thanks for sticking with me in this huge post. Green tea. Read More . 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. Sometimes they are blended with ice to give them a more slushy-like consistency. Required fields are marked *. Since then, however, bubble tea has expanded across the rest of Asia, and there was a sudden explosion of popularity during 2018, particularly in Singapore. 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. Statista. The drink became popular during the 1990s, just in time for millennials to develop a taste for it. Thank you for contacting us, our sales representative will get in touch with you shortly! Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. 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. Future Market Insights Global and Consulting Pvt. Theres a lot more to bubble tea than meets the eye, and weve discovered all of the reasons that its a global favorite. This can be attributed to change in preference of consumers toward healthy beverages and better taste. That is approximately four cups of brewed coffee, 10 cans of cola or two "energy shot . S-E Asia spent $5b on bubble tea in 2021; Indonesia tops list: Report With 250 different flavors, it makes sense that there would be different bases to the teas. It is expected to be the fastest growing segment owing to consumers' inclination towards the convenience offered. Just over half (52%) of all free sugars consumed were from beverages, led by soft drinks, sports and energy drinks (19%), fruit juice and fruit drinks (13%), with the sugar added to beverages such as tea and coffee contributing 7.3% and . Teamorrow Australia - Northbridge, Western Australia - WorldPlaces The emerging players in the Bubble Tea Market are Bubble Tea Supply Inc., ChaTime, CoCo Fresh, Quickly, Kung Fu Tea, Boba Loca, Happylemon, Share Tea, T Bun International, Fanale Drinks, Grand Chainly, and Huey-Yuhe Enterprise. 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 . Bubble tea brands expected to produce novel and unique products over the forecast period. Extruding the tapioca into these small balls is difficult work. Tea in Australia - Wikipedia 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. China is a major bubble tea manufacturer. Press release from: Analytics Market Research. Rising number of fitness conscious consumers and rising demand for tea based beverages in youth generation across the globe is the current trend in the global bubble tea market.. A. Europe and LAMEA will provide more business opportunities for Bubble Tea Market in coming years. 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. PDF A Cross-sectional Study on Knowledge, Attitude and Practice of Bubble For those looking to cut back on sugar, bubble tea may not be the best choice. Commentary: The curious case of Singapore's devotion to bubble tea 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. We dont recommend anyone making it a daily indulgence. Organic Tea Market Size, Share and Growth [2020-2027] 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. 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. Theory seemed to meet reality . 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. Cassava flour itself comes from the cassava root, which is native to South America but has become a staple food in many African nations. Tea industry statistics, analysis, market share, market reports 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. Beware the Bubble Tea: Examining the Dangers of Bubble Tea Consumption The global COVID-19 pandemic has been unprecedented and staggering, with bubble tea experiencing lower-than-anticipated demand . Boba tea, or "bubble tea," has been around since the late 1980s in Taiwan. Background: Bubble tea, also known as boba or boba milk tea, has exploded in popularity in recent years, with the global boba market projected to reach 3.39 billion USD by the end of 2027. It looks quite comprehensive and the data is exactly what I was looking for. BBT Club is Australia's leading DIY bubble tea company for anywhere and anytime. 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. Bubble Tea Market Sale, Share, Size, Growth & Forecast -2032 Stir until the sugar has dissolved and the milk is well mixed in. Although the drink was originally created in Taiwan, its signature ingredient is primarily grown in Nigeria, Thailand, Indonesia, and Brazil. This growth is fueled by the perceived health benefits of green tea. List of countries by tea consumption per capita - Wikipedia Bubble Tea Market Analysis Report 2023 Along with Statistics Figures The global market is projected to reach US$ 194.7 Bn by 2032. For better delivery of our new release, Please help us undestand your interest Industry and Frequency that you prefer to get the new releases. 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. 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. Contact Sales for Further Assistance in Purchasing this Report @ https://www.futuremarketinsights.com/checkout/12310. The bright colors and availability of sweet and fruity flavors especially appeal to children . Bubble Tea Market Share, Size and Industry Growth Analysis 2021-2026 The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca. The major countries in each region are mapped according to their revenue contribution to the global bubble tea market. Increased demand for bubble tea has been fuelled by pearl milk tea, which is becoming increasingly popular as one of the healthier alternatives to carbonated beverages. The market for Tea segment is expected to show a volume growth of 1.6% in 2024. The research report includes quantitative and qualitative insights into the market. It comes with the additional cost of $2500.00 contact sales. It should be no surprise then that sugar is a primary ingredient in the drink. Australians drink tea and have afternoon tea and morning tea much the way the British do. Data at LGA level is also presented. For instance, in April 2022, U.S. based start-up namely Bubluv Inc. launched tapioca starch and konjac based bubble tea in three flavors, black milk tea with tapioca pearls, matcha soy latte with tapioca pearls, and oolong guava with tapioca pearls. Your email address will not be published. Industrial Alcohol Market Volume: The global industrial alcohol market size is set to be valued at US$ 110.3 Bn in 2022 and it is expected to grow at a CAGR of 7.6% from 2022 to 2032. Southeast Asians spend US$3.66 billion on bubble tea annually: Study Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces.