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. Methods: Self-report questionnaires were used to assess bubble tea consumption and mental status. 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. The global market for organic tea is showcasing strong growth principally because of the growing knowledge regarding safer counterparts of organic products among consumers. About 200 million pounds of tea leaves (bagged & loose) are shipped into the United Ltd. Jan 2023. The global bubble teamarket holds a substantial scope for growthduring the forecast period. Request a Free sample to learn more about this report. 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. The article shared insights on the bubble tea craze in Southeast Asia. S-E Asia spent $5b on bubble tea in 2021; Indonesia tops list: Report Most other Southeastern Asian countries drink three cups monthly on average. Bubble Tea - Pearl Lemon Boba 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. In global comparison, most revenue is generated in China (US$111,800.00m in 2023). A. 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 . BUBBLE TEA CRAZE in Southeast Asia - mise en place 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". drinking tea; and the expansion of new products and flavourings, such as ready-to-drink tea, premium tea, and herbal and fruit fusions.15-19 In addition, demand for green tea is expected to outpace demand for black tea.4,12,19 The considerable expansion of sustainable tea products is also worth noting. Since our launch, weve worked on more than 1,000 projects for clients around the world. For people aged 71 or older, the figures were substantially lower, at 1,584 grams and 1,532 grams, respectively. a more convenient consumption option, compared with hot cereals, which can require the addition of boiling water or milk. Bubble Tea Market Analysis Report 2023 Along with Statistics Figures 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. 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. According to the bubble tea market analysis, based on base ingredient,the black tea segment generated maximum revenue in 2019 and is expected to continue this trend throughout the forecast period. 11.2% of Victorian adults consume sugar sweetened beverages daily. 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. 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 . Bubble tea is also known as pearl milk tea. Additionally, they can be ordered with fruit or boba, both of which are high in added sugar. Theory seemed to meet reality . We use cookies to enhance your experience. 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. Add the ice cubes, and shake so the whole drink can get cold. Kenya is one of the main global tea exporters and as a result, it is no surprise that Kenyans love their tea, in particular black tea, though in 2022, fruit/herbal tea registered the highest current value growth. For one, there are all of the sweet flavors and fun combinations of ingredients you can get. +44 208 097 3636. The out-of-home market, also called on-trade market, away-from-home market or HORECA encompasses all sales to hotels, restaurants, catering, cafs, bars and similar hospitality service establishments. Your email address will not be published. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Brands, such as Koi The Co, Moge Tee, and M.A.D. Fruit Flavor Segment is Dominating Backed by High Consumer Preference. Quick Facts. 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 in Kenya. Which region held the highest share in the market? Sometimes they are blended with ice to give them a more slushy-like consistency. The Bubble Tea Club Kit has everything you need to make delicious homemade bubble tea. 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. 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. Unilever (Lipton), Associated British Foods (Twinings) and Tata Global Beverages (Tetley) are globally the most important players by revenue. Join over 60,000 Bubblers (that's what we call our lovely customers!) 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 . October 26, 2021 13:00 ET | Source: Fortune Business Insights. Press release from: Analytics Market Research. This is a very good piece of work and will be very helpful to us going forward. Who drinks bubble tea? What statistics can tell us about - Australia Its not just the sugar that gives these drinks their sweetness, though; many restaurants also add sweeteners to them. For instance, in April 2020, a bubble tea company Chatime launched oat milk-based tea such as Chatime Pearl Milk Tea and Grass Jelly Roasted Milk Tea for lactose intolerant consumers. Request Now ! Bubble tea has a milk base and includes ingredients like chewy tapioca balls, or fruit jelly and boba. Sugary drink consumption data (2.Americans rank 25th for coffee consumption per capita, with an average consumption of 4.2 kg per person per year. 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. Strong dependency on Asian countries to source raw materials acts as one of the major restraints in the market. 297 billion liters of tea were consumed worldwide in 2021. Adults' total beverage consumption drops steadily with age. The data offered to us was exactly what we were looking for. 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. This can be attributed to rise in the popularity of bubble tea with black tea as a base ingredient across the globe. Although the drink was originally created in Taiwan, its signature ingredient is primarily grown in Nigeria, Thailand, Indonesia, and Brazil. 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. Studies showed that green tea-based milk tea is proven to be beneficial for lowering blood pressure and the risk of cancer. With bubble teas sudden increase in popularity, it should be no surprise that the industry is only expected to keep growing. In addition, the growing gastronomic tourism, rising number of health-conscious individuals, and increased social media influences further paved the way toward growing potential. However, since the ease of lockdowns, governments have proposed several initiatives and strategies to help the companies in recovering the losses across the globe. The success of bubble tea in China explained - Daxue Consulting The Tea segment in Australia is projected to grow by 2.61% (2023-2025) resulting in a market volume of US$1.47bn in 2025. . 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. For instance, in August 2021, according to a study by the Business Times Newspaper, Southeast Asia spent around USD 3.7 billion on launching milk tea and other similar new drinks, owing to the ever-growing demand from youth. A. Bubble tea has been gaining traction in emerging markets, owing to rise in its popularity.Furthermore, growth in health consciousness and increase in adoption of healthy beverages such as green tea, black tea, oolong tea, and white tea among consumers drive the market growth. 7.3.9.1. 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. Asia Pacific is expected to dominate the market during the forecast period. Among participants, 647 (88%) consumed less . Boost your students confidence by putting their results next to the public's 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. Coffee and Tea Marketing & Industry Trends Shaping 2023 - Linchpin Bubble Tea is a famous non-alcoholic beverage drink that first . 9. In addition, as Europe is not highly indulged in tea production and mostly relies on other regions for the supply of tea, it somehow limits the market growth. Health Benefits Associated with Bubble Tea Consumption to Drive the Market Growth . 3. When we say that bubble tea is insanely popular, were not joking. Who are the leading players in the market? Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. As per the latest report by FMI, the U.S. bubble tea market is expected to register a 12.4% CAGR during the forecast period. Thailand leads in bubble tea consumption at an average of 6 cups per person per day. Bubble Tea Calories, Is Boba A Healthy Drink? - Honest Food Talks 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. Whats your favorite bubble tea base to start with? 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%.. The global Bubble Tea Market is expected to $4,368.6 million in 2027. Nigeria, specifically, has become a hub for cassava production. Grab also reported that on average, Southeast Asians drink an average of four cups of pearl milk tea per person per month. This segment is expected to grow significantly throughout the forecast period due to its high nutritional value as compared to other flavors, high popularity of tea-based fruity beverages, and high consumer preference. The region is witnessing a cross-cultural food consumption trend, and the growing health and wellness approach is also expected to boost the growth. To know how our report can help streamline your business, Speak to Analyst, Shift of Consumers toward Black Tea Due to its Health-Imparting Properties Boosts Market's Performance. 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. 2023 Allied Market Research. What are the key factors driving 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. Global Bubble Tea Market Size, Growth, Share, Industry Trends Analysis Although there are plenty of bubble tea flavors to choose from, fruit teas tend to be the most popular. 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, Troika JC. Bubble tea consumption statistics - pearllemonboba.com Very Popular Bubble Tea - Allrecipes Millennial Tea Drinking Stats - Tea continues to gain market share in surprising areas. Consumption declines with age. Bubble tea can be found in over 30 countries. Moreover, higher expenditure of consumers on healthy beverages adds to the popularity of bubble tea in theregion. 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. Nearly everyone in Thailand enjoys drinking bubble tea, to the point that they have surpassed every other country in the amount that they drink! 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. 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. In the next five years, the bubble tea industry is expected to grow by nearly 54%. 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. Bubble tea truly is an international drink! 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. Find your information in our database containing over 20,000 reports, Consumer Market Ltd. https://www.futuremarketinsights.com/reports/sample/rep-gb-12310, https://www.futuremarketinsights.com/customization-available/rep-gb-12310, https://www.futuremarketinsights.com/checkout/12310, https://www.futuremarketinsights.com/ask-question/rep-gb-12310, https://www.futuremarketinsights.com/reports/bubble-tea-market, https://www.futuremarketinsights.com/reports, Ready to Drink Shakes Market Outlook (2022-2032). 16. Bubble tea is extremely high in calories. Extruding the tapioca into these small balls is difficult work. 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. Between 2021 and 2028, the global tea market is expected to grow at a CAGR of 6.6%. Get in touch with us. 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. 7.1% consumed diet drinks daily. Symptoms of . The consumption of organic tea rose by 1.06 million gallons in 2018. The bubble tea industry was valued at $2.2 billion in 2019. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive, Please pass on our sincere thanks to the whole team at Fortune Business Insights. Tea is a beverage made by pouring hot water over cured leaves. Pearls or boba color varies depending on the additives added to the tapioca and this segment is one of the most trending bubble tea across the world. Six in ten (59.7%) did not usually consume either sugar sweetened or diet drinks. Theres a lot more to bubble tea than meets the eye, and weve discovered all of the reasons that its a global favorite. According to a study published in the National Library of Medicine, 2022, chewing tapioca pearls can increase the salivary C-protein (CRP) and calcium (Ca) levels. Gain competitive intelligence about market leaders; Track key industry trends, opportunities and threats; Inform your marketing, brand, strategy and market development, sales and supply functions Malaysia Coffee & Tea Reports: Our 2023 Malaysia report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Coffee & Tea market. The bubble tea market in Singapore has a long history and is expected to exhibit a prosperous future with a CAGR of 10.7% over the forecast period. After experiencing a downfall due to fierce market competition in 2003, the bubble tea market was revived in 2007 with the entry of several foreign brands. 9. The market was expected to reach a valuation of US$ 2.3 Bn by the end of 2021. 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! Alcoholic Tea Market 2023: Research, Analysis, Trends, The Market for Bubble Tea in North America to be the Most Dominant & Fastest Growing. Bubble tea is known for its sweet taste. Moreover, the availability of suitable alternatives, such as unsweetened tea, coconut water, fruit-infused teas, and others, offering similar benefits, hamper the global market growth. In the United States, 95% of women have tried bubble tea versus 81% of males. 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 black tea segment is expected to be the leading segment in the global market. A. The global bubble tea market size was valued at USD 2.17 billion in 2021. Singapore market is forecasted to grow at a CAGR of 10.7%. With 38 grams per 16oz beverage, bubble tea should be enjoyed in moderation. 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. 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 (%) . 10. The Asia Pacific market held the largest share and was valued at USD 0.90 billion in 2021. Moreover, zero fat and low calorie contents of . The research report includes quantitative and qualitative insights into the market. 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 Market Analysis, Growth & Forecast 2027 - Yahoo! For example, according to . | Source: An average, medium-sized serving of bubble tea has, on average, 335 calories. Commentary: The curious case of Singapore's devotion to bubble tea 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. Pour into a glass, and add tapioca. By 2025, 70% of spending and 10% of volume consumption in the Tea . Elementary school children would look forward to buying a cup of refreshing tea after a long, hard day of work and play. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom.
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