Filipinos rank second highest bubble tea drinkers in Southeast Asia Graph. 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. It's the second most-consumed drink in the world, only behind water. The market value of the bubble tea market is anticipated to reach a high of US$ 5.82 billion by the year 2032. 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. Data at LGA level is also presented. 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. Australia . This popular sweetened tea is made up of high-quality milk and tapioca pearls, along with fruit powder, creamer, and sweeteners. 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 . Tea is one of the most popular beverages consumed worldwide. Bubble Tea originated in Taiwan in the early 1980's at a small tea stand. 7.1% consumed diet drinks daily. . Mineral Premix Market Demand: The global mineral premixes market is expected to reach US$ 761.1 Mn by 2022, accelerating at a CAGR of 8.6% during the forecast period (2022-2032). Consumer Shift toward Healthy Alternatives to Favor Growth. In 2018, bubble tea made a 3,000 . Countries in North America are gradually increasing the consumption of this tea owing to the growing popularity of tea-based drinks. Over 90% of the tea consumed is Black Tea, about 5% Green Tea, 1% Oolong Tea and the balance flavored, scented, or mixed teas. Green tea. 50 Bubble Tea Facts That You Should Know About Address Shop 14, 375 William Street, Northbridge, Western Australia, WA, Australia 6003 Phone Number 0434039801 Categories Bubble Tea Shop, Tea Room These organizations are focusing on product innovation and targeting the millennial consumer as the group is known for its willingness to experiment with new flavors. This is a decrease, compared to the growth of about 7.64% per year, registered in 2015-2019. How Much Is the Bubble Tea Industry Worth. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. 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 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. Apart from the variety of flavors available, one of the primary elements fueling the expansion of bubble tea Industry is the health benefits. 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. 12. This can be attributed to change in preference of consumers toward healthy beverages and better taste. Tapioca pearls are made from cassava flour, of which Nigeria is the worlds largest exporter (21%). Bubble tea shops, or Boba tea as it is frequently called in America, can be found in almost every major city across the country. Moreover, higher expenditure of consumers on healthy beverages adds to the popularity of bubble tea in theregion. 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. | Source: In addition, the growing gastronomic tourism, rising number of health-conscious individuals, and increased social media influences further paved the way toward growing potential. There are many teas, they can vary in . In relation to total population figures, per person revenues of US$53.14 are generated in 2023. But did you know that there are six different types of bubble tea? Background: Bubble tea has become enormously popular in China in recent years. (Caffeine Informer) Aug 16, 2022, 1:25 PM SGT. The demand for bubble tea is predicted to grow at an impressive rate. Versatility in flavor, health benefits, and social media trends drive the market. Health beneficial attributes such as low-fat, low-calorie content, and presence of anti-inflammatory properties are the key driving factors of the market. Bubble Tea: What Happened To A 14-Year-Old Who Drank It - Forbes Bubble tea is a mix of milk, tea, and fruit juice with added bubbly-looking toppings (like tapioca balls). Online retailing is predicted to register an 11.9% CAGR. 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. 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. Tea is a large part of modern Australian culture due to its British origins. Over of the bubble tea enjoyed around the world is fruit-flavored. Green tea has shown long-term energy inducing properties and has a positive effect on the regulation of body weight. The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. Get in touch with us. . Boost your students confidence by putting their results next to the public's About 200 million pounds of tea leaves (bagged & loose) are shipped into the United 1.In 2019, 64% of Americans aged 18 and over drank coffee every day. Asia Pacific Bubble Tea Market Size, 2021 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. Accelerated demand for healthier beverage alternatives to carbonated drinks coupled with shifts in consumer preferences is fueling market growth for bubble tea. 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. 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. A popular version of bubble tea, known as Thai iced tea originated in Thailand in the 1800s, and when bubble tea was invented people began adding tapioca balls to it. To get the sample of bubble tea market report, click on the link (Please paste the link here). There are 250 different flavors of bubble tea. 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. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. In the United States, 95% of women have tried bubble tea versus 81% of males. Thanks for sticking with me in this huge post. Its not just the sugar that gives these drinks their sweetness, though; many restaurants also add sweeteners to them. The major countries in each region are mapped according to their revenue contribution to the global bubble tea market. The market is expected to grow at a CAGR of 7.40%, during the forecast period. USD 1,195. In fact, tea was aboard the First Fleet in 1788. Such initiatives further support the immense growth opportunities for the companies. Teenagers and people in their 20s consistently account for the highest consumer percentage of bubble teas. Our objective was to assess the nutritional profile of popular menu items available through OFD applications in Bangkok, Thailand. Market size and forecast, by Flavor, 2020-2028 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. This beverage has undergone a few waves of popularity in Singapore. 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. Nevertheless, manufacturers are trying to introduce new beverage options, such as bubble milk tea, in the market. The consumption of organic tea rose by 1.06 million gallons in 2018. According to a recent CLSA survey of consumers, 94% of those aged between 20 and 29 bought boba tea in the last three months, reported Bloomberg (June 24). https://www.fortunebusinessinsights.com/industry-reports/bubble-tea-market-101564, Yummy Town (Cayman) Holdings Corporation (Happy Lemon) (Taiwan), Granular Research on Specified Regions or Segments, Companies Profiled based on User Requirement, Broader Insights Pertaining to a Specific Segment or Region, Breaking Down Competitive Landscape as per Your Requirement, Other Specific Requirement on Customization. 7.3.9.1. Almost overnight bubble tea shops popped up around the world in multiple countries that had never had an interest in it before. 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. Coffee Consumption Statistics: 2021 - Urban Bean Coffee As a result, other plant-based hot . 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. Bubble tea brands expected to produce novel and unique products over the forecast period. Thank you for requesting a call back, our sales representative will get in touch with you shortly! 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. They are made from cassava starch, a common ingredient in Brazilian culture, and they take time, effort, and skill to make properly. All Rights Reserved. Other players operating in the market are Boba Box Limited, Fokus Inc., Sumos Sdn Bhd, Troika J.C. (Qbubble), and Boba Tea Company. One concession owner became popular with her . With 250 different flavors, it makes sense that there would be different bases to the teas. 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. The size of the global Bubble Tea Market in 2019 was $2,407.6 million. October 26, 2021 13:00 ET | Source: Fortune Business Insights. The region is witnessing a cross-cultural food consumption trend, and the growing health and wellness approach is also expected to boost the growth. +44 208 097 3636. Consumption of sugar sweetened and diet drinks in adults. Bubble tea truly is an international drink! Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. The Market for Bubble Tea in North America to be the Most Dominant & Fastest Growing. Add the ice cubes, and shake so the whole drink can get cold. Global Bubble Tea Market - Data Bridge Market Research How much is the global bubble tea market worth? But the most important thing to love is that its a beverage category that has grown by leaps and bounds over the past ten years or so, with seemingly no end in sight. In 2020-21, of people aged 18 years and over: 6.4% consumed sugar sweetened drinks daily. Table 1 shows the frequency of bubble tea consumption, and the prevalence of symptoms of depression and anxiety according to the covariates age, gender, sociodemographic and lifestyle factors. 2. Tartrazine Market Trend: Global tartrazine market is projected to reach a valuation of US$ 120 Mn in 2022, with demand growing at a 7.0% CAGR over the forecast period. 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. 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. Based on the distribution channel, online retailing is expected to exhibit a CAGR of 11.9%. According to a recent consumer study, 94% of people between ages 20 and 29 have purchased bubble tea within the last 3 months. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. Boba tea is creating a buzz among individuals worldwide, owing to its growing appeal and novelty. Key players in the global bubble tea market are focusing on releasing novel and unique flavors of bubble tea. Until 2025, the tea market in Philippines is forecast to reach 109.79 million USD (in retail prices), thus increasing at a CAGR of 6.70% per annum for the period 2020-2025. In 2016, 19.4 per cent of 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. The closure of Shanghai . 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. 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. As more and more countries discover the delicacy that is bubble tea, these figures are sure to continue growing. Bubble Tea Market Sale, Share, Size, Growth & Forecast -2032 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. This was attributed to rise in the fitness conscious people across the globe. In-depth analysis and the bubble tea market size and segmentation assists in determining the prevailing bubble tea market opportunities. 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%.. By base ingredient, it is divided into black tea, green tea, oolong tea, and white tea. For instance, in September 2021, Dubai witnessed the opening of various new tea outlets serving bubble tea across the country. Thank you Fortune Business Insights for your efforts and prompt response, I had a great experience working with Fortune Business Insights. All these aspects necessitate the manufacturers to develop premium quality teas by keeping the consumer demands in mind. 2023 Allied Market Research. PDF Global Market Report: Tea - International Institute for Sustainable 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. This is a list of countries ordered by annual per capita consumption of tea, as of 2016. The current valuation of the market is US$ 2.50 billion in 2022. As of December 2018, GrabFood's bubble tea network encompasses over 1,500 brands with 4,000 outlets throughout . Your email address will not be published. Black tea is the most consumed tea around the world. China is projected to exhibit a 7.5% CAGR. The Bubble Tea Club Kit has everything you need to make delicious homemade bubble tea. Bubble tea is known for its sweet taste. Future Market Insights Global and Consulting Pvt. The Middle East & Africa showcases a slower growth as pearl milk tea is consumed as a social drink or as a gesture of hospitality. 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. 1. Your email address will not be published. Bubble tea consumption and its association with mental health - PubMed 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 . July 26, 2022 10:30 ET Blog - Pearl Lemon Boba | All About Bubble Tea 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. 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. 04 For a short time in 2012, all 800 branches of McDonalds in Germany sold bubble tea. However, excess sugar content in these drinks leading to health issues and trend of coffee consumption are expected to restrict the market growth. The availability of different types of milk tea offers numerous options for consumers to enjoy. Sugary drink consumption data Girls and women are the primary demographic among bubble tea drinkers, with 95% having tried it.
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