In fact, tea was aboard the First Fleet in 1788. Such challenges cumulatively hamper the growth potential of the global market. 87% of American millennials drink tea, including bubble tea. Thank you for contacting us, our sales representative will get in touch with you shortly! 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. 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 . 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. This is for a full-sugar serving that contains 60 g of sugar. 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. Theres a lot more to bubble tea than meets the eye, and weve discovered all of the reasons that its a global favorite. 03 Locally called "po po ch," Singapore has sold bubble tea since 1992. Online retailing is predicted to register an 11.9% CAGR. Find your information in our database containing over 20,000 reports, Consumer Market 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. Cassava flour itself comes from the cassava root, which is native to South America but has become a staple food in many African nations. In the United States, 95% of women have tried bubble tea as opposed to 81% of men. This was attributed due to rise in the consumption of tea based everages across the world. Need to talk to an expert? Consumption of black tea is highly promoted due to its strong antioxidant, anti-aging, and anti-diabetic properties. Statista. Singapore market is forecasted to grow at a CAGR of 10.7%. This can be attributed to the availability of various options such as combination of various liquid flavors and syrups. Six in ten (59.7%) did not usually consume either sugar sweetened or diet drinks. Over of the bubble tea enjoyed around the world is fruit-flavored. Fruit-flavored bubble teas account for the largest percentage of bubble tea consumed at 37%. Join over 60,000 Bubblers (that's what we call our lovely customers!) 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. 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. Countries such as Vietnam and Taiwan are projected to have the largest sales. 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. Tapioca balls or "pearls" are often added to the concoction as well. Global Demand for Coffee - Despite the demand for coffee in the United States, the country only ranks 25th in per capita coffee consumption. The percentage of tea that is consumed which is green tea: 15%. This is likely due to its naturally sweet flavor and all of the different varieties of teas that are available. Its iced or hot black or green tea mixed with chewy tapioca balls that are often flavored. Moreover, zero fat and low calorie contents of . Black tea is the most consumed tea around the world. Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. The average volume per person in the Tea segment is expected to amount to 0.68kg in 2023. As more and more consumers become aware of the negative effects of sugar consumption, the sugar-free or reduced sugar segment of bubble tea is expected to gain popularity. Rank Country/Region Tea consumption 1 Turkey: 3.16 kg (6.96 lb) . The drink became popular during the 1990s, just in time for millennials to develop a taste for it. One cup of tea is assumed to contain 2 grams of tea. The bubble tea market in Thailand is predicted to register an 8.7% CAGR. Asia-Pacific (APAC) dominates the bubble tea market because of the high consumption of the bubble tea within the region. The availability of different types of milk tea offers numerous options for consumers to enjoy. By continuing to visit this site you agree to our use of cookies . China is a major bubble tea manufacturer. Bubble tea is also known as pearl milk tea. info@pearllemongroup.com. This is a decrease, compared to the growth of about 7.64% per year, registered in 2015-2019. In addition, aggressive advertisements and celebrity end orsements have also helped the global market to pave its way toward growth. 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. 7.1% consumed diet drinks daily. 84% of the tea that is consumed is black tea. There are 250 different flavors of bubble tea. 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. Apart from being a healthier alternative, becoming a trending beverage, especially among younger consumers, has also aided market growth for bubble tea. 5. But in case you dont Its tea served with a giant chewy ball of tapioca at the bottom of the cup. Alcoholic Tea Market size is valued at USD 1,958.73 billion by 2028 and is expected to grow at a compound annual rate of 7.00% in the forecast period . Almost overnight bubble tea shops popped up around the world in multiple countries that had never had an interest in it before. 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. 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. The demand for bubble tea is predicted to grow at an impressive rate. The report segments the global bubble tea market based on base ingredient, flavors, component, and region. 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. . Now, there are bubble tea shops everywhere, and many companies have started to offer other bubble tea treats in the form of desserts to expand the marketplace. Overall, though tea registered. Based on the base ingredient, green tea will lead the market growth over the forecast period. A. Tea is a beverage made by pouring hot water over cured leaves. 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. 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. The global market is projected to reach US$ 194.7 Bn by 2032. This segment does not include herbal tea, instant tea, iced tea or similar tea-derived Ready-to-Drink beverages. The Middle East & Africa showcases a slower growth as pearl milk tea is consumed as a social drink or as a gesture of hospitality. Who are the leading players in the market? 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. A. The global market for organic tea is showcasing strong growth principally because of the growing knowledge regarding safer counterparts of organic products among consumers. US Coffee Statistics. Bubble tea is a mix of milk, tea, and fruit juice with added bubbly-looking toppings (like tapioca balls). Get a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12310. 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. 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. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. From Farmer Welfare and Supply Chain to the Latest Trends, Tea Experts Share Insights. The bubble tea industry is enormous and accounts for one of the fastest-growing food markets in the world today. Bubble tea is made by adding fruit syrup or milk to (usually cold) tea and then shaking the . In the United States, 95% of women have tried bubble tea versus 81% of males. Extruding the tapioca into these small balls is difficult work. Tea stands were set up in front of the schools and would compete for business with the best selling tea. Revenue in the Tea segment amounts to US$1.40bn in 2023. Add the ice cubes, and shake so the whole drink can get cold. 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. It should be no surprise then that sugar is a primary ingredient in the drink. Request a Free sample to learn more about this report. 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. Bubble teas distinct flavor, easy product availability, and numerous varieties offered will help the market to flourish. However, the consumption of tea is not as prominent as the popularity of coffee in South American countries such as Argentina and Brazil. (World Atlas)3.The USA ranks 11th among the countries with the highest caffeine consumption, with a rate of 200 mg per person per day. 7.3.9.1. a more convenient consumption option, compared with hot cereals, which can require the addition of boiling water or milk. Chatime, Gong Cha, Coco Fresh Tea & Juice, and Lollicup USA, Inc. are the leading players in the market. Statista. Bubble tea is drunk by millions of people around the world every single day, even in countries that you might not expect! The segment is expected to display an 11.4% CAGR, and account for more than 38% of the global market share. Quick Facts. 4. It looks like the bubble tea craze isn't going anywhere soonat least, according to GrabFood data that states bubble tea orders in Southeast Asia saw a 3,000 percent growth rate in 2018. 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. In Asia, however, it is equally popular among men and women and is seen as a cultural phenomenon. December 17, 2022. making yummy bubble tea with BBT Club today. Very satisfied with the overall report as it has helped me to build strategies for my business, This is regarding the recent report I bought from Fortune Business insights. Strong dependency on Asian countries to source raw materials acts as one of the major restraints in the market. This beverage has undergone a few waves of popularity in Singapore. Boba tea, or "bubble tea," has been around since the late 1980s in Taiwan. 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. Request Now ! Using new techniques such as molecular nitrogenation also adds innovation to the traditional recipe, thus further opening numerous opportunities for the market to bolster growth. Tea, from the plant Camellia sinensis, is consumed in different parts of the world as green, black, or Oolong tea.Among all of these, however, the most significant effects on human health have been observed with the consumption of green tea [].The first green tea was exported from India to Japan during the 17th century. 11. (2.Americans rank 25th for coffee consumption per capita, with an average consumption of 4.2 kg per person per year. The market is expected to grow annually by 2.61% (CAGR 2023-2025). Apart from the U.S. and Asian countries, the trend of milk tea is also extensively growing amongst individuals residing in the Middle East and Africa. For those looking to cut back on sugar, bubble tea may not be the best choice. One concession owner became popular with her . Tea is considered the second most popular drink of choice worldwide. Tea consumption per capita in the UK is 1.3 kg for 2019. Bubble tea has a sweet, sour, and tangy taste that varies depending on the type of fruit used. 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. 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. . How much sugar was consumed? Background: Bubble tea has become enormously popular in China in recent years. In the next five years, the bubble tea industry is expected to grow by nearly 54%. How much is the global bubble tea market worth? 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. However, excess sugar content in these drinks leading to health issues and trend of coffee consumption are expected to restrict the market growth. BBT Club is Australia's leading DIY bubble tea company for anywhere and anytime. Based on our analysis, the global market exhibited a slower growth of 2.76% in 2020 as compared to 2019. [1] As a result, other plant-based hot . As of December 2018, GrabFood's bubble tea network encompasses over 1,500 brands with 4,000 outlets throughout . Its not just the sugar that gives these drinks their sweetness, though; many restaurants also add sweeteners to them. The report covered all the points and was very detailed. There was a 3,000% increase in the amount of bubble tea orders in Southeast Asia in 2018. 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. According to Fortune Business Insights, the Asia Pacific region holds the largest market share and is expected to grow at a compound annual growth rate (CAGR) of 10.07 per cent by 2027. . 2023 Allied Market Research. 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 . Such initiatives further support the immense growth opportunities for the companies. Chewy tapioca balls or different flavored jellies are then added to give bubble tea the fun, chewy texture that it is known for! According to the report, bubble tea orders had increased at a whopping 3,000 percent in 2018. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Bubble tea consumption statistics show that Thais drink six bubble teas per month. The bubble tea market was valued at $2.4 billion in 2019 and is estimated to reach $4.3 billion by 2027, registering a CAGR of 7.80% from 2020 to 2027. Keep reading to discover everything weve uncovered about bubble tea. 9. Furthermore, a decline in the growth of bubble tea consumption is witnessed due to strong restrictions on import and export facilities. Between 2021 and 2028, the global tea market is expected to grow at a CAGR of 6.6%. Address Shop 14, 375 William Street, Northbridge, Western Australia, WA, Australia 6003 Phone Number 0434039801 Categories Bubble Tea Shop, Tea Room 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. 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. 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 . Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. Among various flavors, fruit flavor is more popular, and this segment dominated the market in 2019. Thailand leads in . 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. Fruit Flavor Segment is Dominating Backed by High Consumer Preference. Book your free consultation and let our research experts help you with your needs/problems. It includes flavor variants such as lychee, mango, passion fruit, peach, plum, strawberry, avocado, banana, grape, kiwi, lemon, and others. The value of its market is estimated to be $5.2 billion. The U.S. market is anticipated to register a prolific CAGR of 12.4% over the forecast period. According to the recent report by FMI, based on base ingredient type, the green tea segment is expected to dominate the market over the forecast period. Bubble tea, also known as Boba or Boba tea, is rapidly becoming one of the worlds favorite beverages. 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. Rinse, drain, and refrigerate until chilled. 9. Bubble tea is also known as (Zhen Zhu Nai Cha) directly translates to pearl milk tea, but is also known as boba tea in . 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). An average, medium-sized serving of bubble tea has, on average, 335 calories. 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. Whether youre feeling something sweet, fruity, and refreshing, something soothing and tea-like, or a slushy smoothie like-drink, bubble tea has you covered. +44 208 097 3636. Methods: Self-report questionnaires were used to assess bubble tea consumption and mental status. 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 (%) . In-depth analysis and the bubble tea market size and segmentation assists in determining the prevailing bubble tea market opportunities. Picture via Instagram/yicha_malaysia and myheycha. Market size and forecast, by Flavor, 2020-2028 More people are discovering and enjoying bubble tea every year, however, so these figures may soon change as people age and continue to enjoy their favorite drink. Changes in consumers tastes and preferences have fostered growth for the bubble tea market over the forecast period. Victorian Government, Department of Health and Human Services. Brands, such as Koi The Co, Moge Tee, and M.A.D. The bubble tea industry is expected to reach $3.39 billion by 2027. Bubble Tea Market Outlook (2022-2032) [324 Pages Report] The global bubble tea market is projected to have a rapid-paced CAGR of 8.8% during the forecast period. A 16 oz serving of bubble tea contains 38 grams of sugar, which is 76% of the recommended daily value. For example, according to . Future Market Insights Global and Consulting Pvt. The 30 Tea Drinkers vs. Coffee Drinkers Statistics. Future Market Insights Global and Consulting Pvt. Bubble tea is a sweet, delicious drink typically made from a tea base that is then mixed with either milk or fruit flavoring. Over 95% of females in the united states have tried bubble tea, while 81% of males . Let's assume that the daily maintenance calories for an average adult man are 2,500 kcal, and for an average adult . That is approximately four cups of brewed coffee, 10 cans of cola or two "energy shot . Our objective was to assess the nutritional profile of popular menu items available through OFD applications in Bangkok, Thailand. 11.2% of Victorian adults consume sugar sweetened beverages daily. 10. Girls and women are the primary demographic among bubble tea drinkers, with 95% having tried it. Ready to drink tea products have seen a 15x increase in sales and consumption since 2004. In this article, I'll be sharing detailed statistics on bubble tea consumption - so if you're as curious as I am about this popular beverage, read on! 13. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Nevertheless, manufacturers are trying to introduce new beverage options, such as bubble milk tea, in the 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. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: The Hot Drinks market segment, Tea, consists of black tea, green tea and mate sold in tea bags or as loose-leaf tea. Insights. Bubble tea can be found in over 30 countries. Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-12310, Explore FMIs Extensive Coverage on Food and Beverage Domain.