Theres a lot more to bubble tea than meets the eye, and weve discovered all of the reasons that its a global favorite. One cup of tea is assumed to contain 2 grams of tea. Bubble tea | Infopedia - National Library Board Rising consumption of tea and coffee as nootropic drinks among students and working-class population is a key factor for the market growth. For people aged 71 or older, the figures were substantially lower, at 1,584 grams and 1,532 grams, respectively. The major countries in each region are mapped according to their revenue contribution to the global bubble tea market. 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. But the most important thing to love is that its a beverage category that has grown by leaps and bounds over the past ten years or so, with seemingly no end in sight. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. Pune, India, Oct. 26, 2021 (GLOBE NEWSWIRE) -- The global bubble tea market size is expected to reach USD 3.39 billion by 2027 . "Market Intelligence that Adds Flavour to Your Success", Region : Global | Format: PDF | Report ID: FBI101564. 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. Almost overnight bubble tea shops popped up around the world in multiple countries that had never had an interest in it before. With bubble teas sudden increase in popularity, it should be no surprise that the industry is only expected to keep growing. The bright colors and availability of sweet and fruity flavors especially appeal to children . More Insights into the Bubble Tea Market Report. https://www.grandviewresearch.com/industry-analysis/bubble-tea-market, https://foodinstitute.com/focus/survey-millennials-gen-z-big-fans-of-bubble-tea/, https://youthinsight.com.au/brands/more-girls-aware-of-bubble-tea-than-boys/, https://www.cnn.com/travel/article/taiwan-bubble-tea-origins/index.html, https://www.duluthnewstribune.com/8-things-you-might-not-know-about-bubble-tea-and-other-unexpected-holidays-this-week, https://www.fortunebusinessinsights.com/industry-reports/bubble-tea-market-101564, https://www.organicfacts.net/health-benefits/herbs-and-spices/bubble-tea.html, https://chinamarketadvisor.com/what-is-boba-and-why-is-it-so-popular/, https://theaseanpost.com/article/southeast-asias-bubble-tea-craze, https://www.worldteanews.com/Insights/millennials-and-gen-z-drive-21st-century-tea-preferences, https://www.honestfoodtalks.com/bubble-tea-flavors-boba-toppings/, https://www.healthline.com/nutrition/boba-cancer, https://mtalvernia.sg/education/whats-in-my-bubble-tea/, Tea thats infused with milk or another liquid, Artificial sweetener like stevia or sugar (more on this below), Special straws designed to make the best bubbles possible. Many Thai people drink bubble tea daily, and in many cases may drink multiple cups per day. Malaysia Coffee & Tea Reports: Our 2023 Malaysia report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Coffee & Tea market. Rank Country/Region Tea consumption 1 Turkey: 3.16 kg (6.96 lb) . Global Bubble Tea Market Size, Growth, Share, Industry Trends Analysis In addition, the growing gastronomic tourism, rising number of health-conscious individuals, and increased social media influences further paved the way toward growing potential. Bubble Tea Market Size, Share and Trends | Research Report - 2027 Bubble Tea Popularity Statistics Singapore - Emkan.me 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. Rising Raw Material and Transportation Cost Due to the Pandemic to Slow Down the Market Growth. July 26, 2022 10:30 ET 1 2 3 8. A typical serving of bubble tea at a chain might cost $3 to $5 for a 16- to 20-ounce cup. Gain competitive intelligence about market leaders; Track key industry trends, opportunities and threats; Inform your marketing, brand, strategy and market development, sales and supply functions (2.Americans rank 25th for coffee consumption per capita, with an average consumption of 4.2 kg per person per year. The black tea segment is expected to be the leading segment in the global market. The average volume per person in the Tea segment is expected to amount to 0.68kg in 2023. The bubble tea market in Thailand is predicted to register an 8.7% CAGR. Extruding the tapioca into these small balls is difficult work. The prevalence of lifestyle disorders such as obesity and diabetes associated with the hectic lifestyle of consumers has nudged them to shift toward healthy drinks, such as ginger tea and boba teas, due to their easy customization. In-depth analysis and the bubble tea market size and segmentation assists in determining the prevailing bubble tea market opportunities. By region, North America was the most prominent regional market in 2019. Apart from this, coffee flavor is also anticipated to hold a strong market share in the forecast period owing to the escalated demand for coffee as a healthy beverage. Originally created in Taiwan in the 1980s, bubble tea has quickly exploded in popularity. An Infographic Representation of Bubble Tea Market, To get information on various segments, share your queries with us. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. Table I : Prevalence1 of Bubble Tea Consumption among Students in University of Cyberjaya according to Sociodemographic Descriptions Sociodemographic description Bubble tea consumption Consume, n (%) Do not consume, n (%) Total, n (%) . The market is anticipated to be valued at US$ 46.0 Mn in 2032. According to the bubble tea market share, based onflavor, the fruit flavor segment was the most prominent segment accounting for the highest share in the bubble tea market, in 2019. DUBAI, U.A.E., Aug. 12, 2020 /PRNewswire/ -- The bubble tea market is expected to rise at a year-on-year growth rate of 8% from 2020-2030, opines Future Market Insights in its recent report . Tea is a beverage made by pouring hot water over cured leaves. Adolescents drink too much caffeine - Medical News Today Essential Facts. This can be attributed to change in preference of consumers toward healthy beverages and better taste. Beware the Bubble Tea: Examining the Dangers of Bubble Tea Consumption Asia-Pacific (APAC) dominates the bubble tea market because of the high consumption of the bubble tea within the region. Pour into a glass, and add tapioca. 'Revenge bubble tea drinking': Shanghai awakes from Covid lockdown 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. Nevertheless, manufacturers are trying to introduce new beverage options, such as bubble milk tea, in the market. IJERPH | Free Full-Text | Nutritional Content of Popular Menu Items Join over 60,000 Bubblers (that's what we call our lovely customers!) We use cookies to enhance your experience. 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. 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. According to the Indian Tea Association 2020, tea price has risen by 25%-40% on an average due to lockdown in the tea growing regions, leading to a drop in crop size along with disruptions in transportation and logistics. Asia Pacific Bubble Tea Market Size, 2021 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. Health Benefits Associated with Bubble Tea Consumption to Drive the Market Growth . 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. Such initiatives further support the immense growth opportunities for the companies. Filipinos rank second highest bubble tea drinkers in Southeast Asia In addition, the companies are focusing on the growing incidences of lactose intolerance, and thus are working toward introducing lactose-free bubble milk tea options for individuals. We are happy to help. 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. The campaign will be extended due to the tremendous profit achieved, which motivates the company to broaden its product offerings and brand position. The incredible success of bubble tea in China since 1996. 1.In 2019, 64% of Americans aged 18 and over drank coffee every day. Bubble Tea: What Happened To A 14-Year-Old Who Drank It - Forbes Bubble tea . Such challenges cumulatively hamper the growth potential of the global market. Bubble Tea Market Size, Industry Trends | Analysis Report, 2029 If you love bubble tea and are looking for a make your own bubble tea kit, this is the place! In 2020, China dominated the tea market with 78.7 billion US dollars of revenue. Very Popular Bubble Tea - Allrecipes It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years. 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. Book your free consultation and let our research experts help you with your needs/problems. The ICC World Test Championship final will be played in The Oval, London from June 7 to 11, where the conditions are pacer-friendly. Bubble Tea Market Analysis Report 2023 Along with Statistics Figures 50 Bubble Tea Facts That You Should Know About In the next five years, the bubble tea industry is expected to grow by nearly 54%. Other players operating in the market are Boba Box Limited, Fokus Inc., Sumos Sdn Bhd, Troika J.C. (Qbubble), and Boba Tea Company. China is projected to exhibit a 7.5% CAGR. Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. Tapioca pearls are made from cassava flour, of which Nigeria is the worlds largest exporter (21%). Tea culture: A transformation is brewing in India - The Statesman Online retailing is predicted to register an 11.9% CAGR. 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. From Farmer Welfare and Supply Chain to the Latest Trends, Tea Experts Share Insights. Meet one of Australia's fastest-growing franchises: How Chatime is It should be no surprise then that sugar is a primary ingredient in the drink. Virtually any fruit that you can think of can be enjoyed in a bubble tea drink. Clicking on the following button will update the content below. Philippines: Tea Market and the Impact of COVID-19 on - market research This popular sweetened tea is made up of high-quality milk and tapioca pearls, along with fruit powder, creamer, and sweeteners. Bubble tea truly is an international drink! The drink became popular during the 1990s, just in time for millennials to develop a taste for it. By component, it is classified into flavor, creamer, sweetener, liquid, tapioca pearls, and others. Jan 2023. 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. The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. 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. A. Table 1 shows the frequency of bubble tea consumption, and the prevalence of symptoms of depression and anxiety according to the covariates age, gender, sociodemographic and lifestyle factors. Sugary drink consumption data 32 Tempting Tea Statistics for a Healthier 2022 - ComfyLiving Tea is one of the most popular beverages consumed worldwide. Coffee and tea are the most consumed as well as socially accepted nootropic beverages across the world, and many consumers are highly dependent on such caffeinated drinks before starting their day. Coffee Consumption Statistics: 2021 - Urban Bean Coffee Remarkable job and great efforts by your research team. Bubble Tea Market Analysis, Growth & Forecast 2027 | Major 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. 30.7% of Victorian adults consumed sugar-sweetened soft drinks at least once a week. That is approximately four cups of brewed coffee, 10 cans of cola or two "energy shot . 01 The first bubble tea came out in the early 1980s. Six in ten (59.7%) did not usually consume either sugar sweetened or diet drinks. Symptoms of . 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. 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. Singapore market is forecasted to grow at a CAGR of 10.7%. Ready-to-Drink variants are instead aggregated into the segment Ready-to-Drink (RTD) Tea in the Non-Alcoholic Drinks market. Tea - 2023 Data - 2009-2022 Historical - 2024 Forecast - Price - Quote Each . Tea is an aromatic beverage derived . The global bubble teamarket holds a substantial scope for growthduring the forecast period. Introduced to China in the early 1990s, it quickly became one of the most popular drinks in the nation. When we say that bubble tea is insanely popular, were not joking. Fruit-flavored bubble teas account for the largest percentage of bubble tea consumed at 37%. +44 208 097 3636. However, excess sugar content in these drinks leading to health issues and trend of coffee consumption are expected to restrict the market growth. 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. Increasing Inclination of Consumers toward Versatile Teas with Innovative Bold Flavors is a Prominent Trend. Choice Reviews Reveal Australian Tea Trends | World Tea News 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 . By flavor, the market is classified into coffee, fruit, chocolate, original, and others. Consumption of black tea is highly promoted due to its strong antioxidant, anti-aging, and anti-diabetic properties. Request Now ! 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). Organic Tea Market Size, Share and Growth [2020-2027] Studies showed that green tea-based milk tea is proven to be beneficial for lowering blood pressure and the risk of cancer. Modern Asian Desserts, expanded its business in the country by introducing various boba milk tea outlets. This is a decrease, compared to the growth of about 7.64% per year, registered in 2015-2019. 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. 5. Bubble Tea Market Share, Size and Industry Growth Analysis 2021-2026 Market size and forecast, by Base Ingredient, 2020-2028 7.3.9.2. Health Reports: Beverage consumption of Canadian adults: Findings Find your information in our database containing over 20,000 reports, Consumer Market Tapioca balls or "pearls" are often added to the concoction as well. Reduced sugar/ sugar-free bubble tea will gain traction over the assessment period. Asia Pacific is expected to dominate the market during the forecast period. This can be attributed to the availability of various options such as combination of various liquid flavors and syrups. +44 208 097 3636. This bubble tea craze has taken over. In the United States, 95% of women have tried bubble tea versus 81% of males. 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 . Versatility in flavor, health benefits, and social media trends drive the market. Tea Market Size, Share & Research Analysis | Forecast, 2020-2027 Published. 03 Locally called "po po ch," Singapore has sold bubble tea since 1992. 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. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes. A. It is expected to be the fastest growing segment owing to consumers' inclination towards the convenience offered. PDF Demographic Summary - TeaUSA Bubble tea is a sweet, delicious drink typically made from a tea base that is then mixed with either milk or fruit flavoring. 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 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. Beneficial effects of green tea: A literature review - PMC For better delivery of our new release, Please help us undestand your interest Industry and Frequency that you prefer to get the new releases. The region is witnessing a cross-cultural food consumption trend, and the growing health and wellness approach is also expected to boost the growth. Tea market in Canada - statistics & facts | Statista Future Market Insights Global and Consulting Pvt. Picture via Instagram/yicha_malaysia and myheycha. Bubble Tea Market Size, Share, Growth Report, 2020-2027 Why buy this report? 3. Countries such as Vietnam and Taiwan are projected to have the largest sales. Additionally, due to Australia's climate, tea is able to be grown and produced in northern Australia. The 30 Tea Drinkers vs. Coffee Drinkers Statistics. One kilogram therefore represents 500 cup equivalents. 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. Bubble Tea Market - Persistence Market Research 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. 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. It's the second most-consumed drink in the world, only behind water. 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. 16 Bubble Tea Statistics to Calm Your Cravings - Soocial Your email address will not be published. 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 made a rise in popularity in 2018 with a 3000% increase in orders from Southeast Asia. A. Grab also reported that on average, Southeast Asians drink an average of four cups of pearl milk tea per person per month. 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. 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. 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. 4364..55.011 - Australian Health Survey: Consumption of added sugars, 2011-12. PDF A Cross-sectional Study on Knowledge, Attitude and Practice of Bubble Commentary: The curious case of Singapore's devotion to bubble tea The market was expected to reach a valuation of US$ 2.3 Bn by the end of 2021.
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