Jan 2023. In 2018, there were over 450,000 shops selling bubble tea in China. In 2018, bubble tea made a 3,000 . Bubble tea consumption statistics show that Thais drink six bubble teas per month. 15. 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 . This segment does not include herbal tea, instant tea, iced tea or similar tea-derived Ready-to-Drink beverages. Keep reading to discover everything weve uncovered about bubble tea. 04 For a short time in 2012, all 800 branches of McDonalds in Germany sold bubble tea. According to a recent consumer study, 94% of people between ages 20 and 29 have purchased bubble tea within the last 3 months. For instance, in September 2021, Dubai witnessed the opening of various new tea outlets serving bubble tea across the country. Tea stands were set up in front of the schools and would compete for business with the best selling tea. 10. In the next five years, the bubble tea industry is expected to grow by nearly 54%. Bubble tea brands expected to produce novel and unique products over the forecast period. 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. Methods: Self-report questionnaires were used to assess bubble tea consumption and mental status. There are many varieties of the drink with a wide range of ingredients. 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. By sugar content, reduced sugar/sugar-free category will gain traction over the forecast period. Girls and women are the primary demographic among bubble tea drinkers, with 95% having tried it. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes. Availability of a Wide Range of Products for Enticing Younger Generation to Boost Growth. Cook for about 20 minutes. 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. Whats your favorite bubble tea base to start with? making yummy bubble tea with BBT Club today. 16. 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 major countries in each region are mapped according to their revenue contribution to the global bubble tea market. The outbreak of COVID-19 forced government bodies to impose strict closure of restaurants, farms, and factories to maintain safety measures and implement social distancing. This can be attributed to change in preference of consumers toward healthy beverages and better taste. . Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-12310, Explore FMIs Extensive Coverage on Food and Beverage Domain. This can be attributed to the availability of various options such as combination of various liquid flavors and syrups. 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. The Bubble Tea Club Kit has everything you need to make delicious homemade bubble tea. 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 . Bubble tea has a milk base and includes ingredients like chewy tapioca balls, or fruit jelly and boba. The Market for Bubble Tea in North America to be the Most Dominant & Fastest Growing. Contact Sales for Further Assistance in Purchasing this Report @ https://www.futuremarketinsights.com/checkout/12310. 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. 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. 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. The demand for bubble tea is predicted to grow at an impressive rate. Worldwide Tea Statistics. Virtually any fruit that you can think of can be enjoyed in a bubble tea drink. Australians drink tea and have afternoon tea and morning tea much the way the British do. Many Thai people drink bubble tea daily, and in many cases may drink multiple cups per day. Were guessing you already know what bubble tea is.
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. 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. In 2014, over 77% of the tea brewed in the United States was prepared using tea bags. Modern Asian Desserts, expanded its business in the country by introducing various boba milk tea outlets. 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! Apart from being a healthier alternative, becoming a trending beverage, especially among younger consumers, has also aided market growth for bubble tea. The Asia Pacific bubble tea market is expected to flourish with multiple market opportunities. 2023 Allied Market Research. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 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. 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. Essential Facts.
All these aspects necessitate the manufacturers to develop premium quality teas by keeping the consumer demands in mind. 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. 30.7% of Victorian adults consumed sugar-sweetened soft drinks at least once a week. . In the Philippines alone, orders increased by 3,500 percent from June to December 2018.
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. Other players operating in the market are Boba Box Limited, Fokus Inc., Sumos Sdn Bhd, Troika J.C. (Qbubble), and Boba Tea Company. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. For instance, in September 2020, Chen Shucheng started a new bubble milk tea franchise in Singapore called Meme Xpress. The global COVID-19 pandemic has been unprecedented and staggering, with bubble tea experiencing lower-than-anticipated demand . +44 208 097 3636. Young people between ages 20 and 29 are interested in bubble tea. Request a Free sample to learn more about this report. 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. Bubble tea consumption gender-wise: According to the statistics, bubble tea is a favorite drink of women. 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. The segment is expected to display an 11.4% CAGR, and account for more than 38% of the global market share. This has led to transportation delays and the functioning of both supplies (tea estates) and demand for consumption points to a standstill due to shortage of manpower and reduced visits of customers to coffee shops amidst the lockdown. 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 . That number increases when you go up in size to 469 calories and only gets worse as you add in more toppings or extra flavors. The at-home market, also called off-trade market, covers all retail sales via super- and hypermarkets, convenience stores or similar sales channels. 9. Bubble tea is drunk by millions of people around the world every single day, even in countries that you might not expect! 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. South America is anticipated to grow in terms of sales volume of the products in the coming years. (2.Americans rank 25th for coffee consumption per capita, with an average consumption of 4.2 kg per person per year. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. Six in ten (59.7%) did not usually consume either sugar sweetened or diet drinks. The specialty of milk tea is growing due to its ease of customization with various tea bases and toppings such as jellies, fruit bits, syrups, and tapioca balls. . 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. 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. Bubble Tea originated in Taiwan in the early 1980's at a small tea stand. An Infographic Representation of Bubble Tea Market, To get information on various segments, share your queries with us. Tea is an aromatic beverage derived . Global Demand for Coffee - Despite the demand for coffee in the United States, the country only ranks 25th in per capita coffee consumption. The green tea segment was the highest contributor to the market, with $16,362 million in 2019, and is estimated to reach $26,110 million by 2027, at a CAGR of 9.8% during the forecast period. Future Market Insights Global and Consulting Pvt. BBT Club is Australia's leading DIY bubble tea company for anywhere and anytime. Green tea has shown long-term energy inducing properties and has a positive effect on the regulation of body weight. Australia: 0.75 kg (1.65 lb) 17 Press release from: Analytics Market Research. By 2025, 70% of spending and 10% of volume consumption in the Tea . +44 208 097 3636. 6. Bubble tea can be found in over 30 countries. Chatime, Gong Cha, Coco Fresh Tea & Juice, and Lollicup USA, Inc. are the leading players in the market. India is currently 1-0 up in the series, which has seen Indian spinners dominating both the tests in Nagpur and Delhi. For instance, the base ingredients required for the preparation of black or green tea are exported from India, but due to the imposed regulations, companies were unable to process the demands of the manufacturers. Companies covered in bubble tea market report are ChaTime, Bubble Tea Supply Inc., Gong Cha, CoCo Fresh, Quickly, Kung Fu Tea, Tiger Sugar Korea, Boba Loca, Happylemon, Lollicup USA, Inc . The other players operating in the global bubble tea market are Bubble Tea Supply Inc., ChaTime, CoCo Fresh, Quickly, Kung Fu Tea, BobaLoca, Happylemon, Share Tea, T Bun International, Fanale Drinks, Grand Chainly, and Huey-Yuhe Enterprise. However, the consumption of tea is not as prominent as the popularity of coffee in South American countries such as Argentina and Brazil. Ltd. NEWARK, Del, July 26, 2022 (GLOBE NEWSWIRE) -- The global bubble tea market is projected to reach a value of US$ 5.5 Bn by 2031, with sales growing at a robust CAGR of 8.8% for the forecast period of 2021-2031. 3. Additionally, they can be ordered with fruit or boba, both of which are high in added sugar. We selected the top 40 popular menu items from three of the most commonly used OFD applications in 2021. 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. 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. In fact, tea was aboard the First Fleet in 1788. Asia-Pacific (APAC) dominates the bubble tea market because of the high consumption of the bubble tea within the region. 12. A South Australian Health Omnibus Survey (SAHOS) done in 2014 showed that there was a . This is a very good piece of work and will be very helpful to us going forward. 11.2% of Victorian adults consume sugar sweetened beverages daily. Coffee shop. US Coffee Statistics. What may surprise you though is the amount of sugar! Published. This was attributed to rise in the fitness conscious people across the globe. Brands such as CHATIME and Bubbolitas established their first production units of boba drinks in 2009, and since then, the market has witnessed a growth trajectory. Awareness about health issues and their relation to meat consumption has resulted in a shift towards vegan and plant-based diets. Aug 24, 2022 03:14pm. Bubble Tea is a famous non-alcoholic beverage drink that first . Bubble Tea Popularity Statistics Singapore; by palmebre Published: July 20, 2021 (2 days ago) Category. But did you know that there are six different types of bubble tea? Market size and forecast, by Flavor, 2020-2028 Lycopene Food Colors Market Growth: The overall demand for lycopene food colors is slated to grow at a prolific CAGR of 10.7% during the forecast 2022-2032, totaling US$ 257 Mn by 2032. The market is projected to grow from USD 2.29 billion in 2022 to USD 3.78 billion by 2029, exhibiting a CAGR of 7.40% during the forecast period. We use cookies to enhance your experience. Malaysia Coffee & Tea Reports: Our 2023 Malaysia report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Coffee & Tea market. Most other Southeastern Asian countries drink three cups monthly on average. Europe also witnessed growth in the pearl milk tea market around the same time as other Asian countries.
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. Tea in Kenya. The market is expected to grow annually by 2.61% (CAGR 2023-2025). Tea is considered the second most popular drink of choice worldwide. Background: Bubble tea has become enormously popular in China in recent years. This is a decrease, compared to the growth of about 7.64% per year, registered in 2015-2019. Unilever (Lipton), Associated British Foods (Twinings) and Tata Global Beverages (Tetley) are globally the most important players by revenue. Based on the base ingredient, green tea will lead the market growth over the forecast period. 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. 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. 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. Symptoms of . 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. Fruit Flavor Segment is Dominating Backed by High Consumer Preference. Bubble tea has a sweet, sour, and tangy taste that varies depending on the type of fruit used. 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". Your email address will not be published. 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. 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! It also revealed that the global bubble tea market size was valued at US$2.02 billion in 2019, and is expected to reach US$3.39 billion by 2027.
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