This growth is fueled by the perceived health benefits of green tea. A 16 oz serving of bubble tea contains 38 grams of sugar, which is 76% of the recommended daily value. The Mayo Clinic state that up to 400 mg of caffeine a day is probably safe for most healthy adults. Studies showed that green tea-based milk tea is proven to be beneficial for lowering blood pressure and the risk of cancer. What are the key factors driving the market? Also, due to the strong dependency on Asian countries to source raw materials, such as tapioca balls, from Taiwan, it hinders the production process and impacts their overall operations. Bubble tea is a mix of milk, tea, and fruit juice with added bubbly-looking toppings (like tapioca balls). 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. Bubble tea can be found in over 30 countries. How Much Is the Bubble Tea Industry Worth. The segment is expected to display an 11.4% CAGR, and account for more than 38% of the global market share. 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. A. In addition, the growing gastronomic tourism, rising number of health-conscious individuals, and increased social media influences further paved the way toward growing potential. Essential Facts. Our objective was to assess the nutritional profile of popular menu items available through OFD applications in Bangkok, Thailand. . Singapore market is forecasted to grow at a CAGR of 10.7%. Key players in the global bubble tea market are focusing on releasing novel and unique flavors of bubble tea. Global Bubble Tea Market Dynamics, Regional Analysis, Segmentation, Competitive Landscape, COVID-19 Impact, Recent Developments and SWOT Analysis of Key Based on the distribution channel, online retailing is expected to exhibit a CAGR of 11.9%. Market size and forecast, by Flavor, 2020-2028 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. info@pearllemongroup.com. 7.1% consumed diet drinks daily. 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. Were guessing you already know what bubble tea is. 1 2 3 8. Add the ice cubes, and shake so the whole drink can get cold. The average volume per person in the Tea segment is expected to amount to 0.68kg in 2023. The closure of Shanghai . Consumption of black tea is highly promoted due to its strong antioxidant, anti-aging, and anti-diabetic properties. The market for Tea segment is expected to show a volume growth of 1.6% in 2024. Bubble tea brands expected to produce novel and unique products over the forecast period. 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. All Rights Reserved. By base ingredient, it is divided into black tea, green tea, oolong tea, and white tea. 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. The drink became popular during the 1990s, just in time for millennials to develop a taste for it. Clicking on the following button will update the content below. For instance, in September 2020, Chen Shucheng started a new bubble milk tea franchise in Singapore called Meme Xpress. Fruit Flavor Segment is Dominating Backed by High Consumer Preference. Versatility in flavor, health benefits, and social media trends drive the market. page 1 . 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. Picture via Instagram/yicha_malaysia and myheycha. 15. 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. 01 The first bubble tea came out in the early 1980s. In the next five years, the bubble tea industry is expected to grow by nearly 54%. Pune, India, Oct. 26, 2021 (GLOBE NEWSWIRE) -- The global bubble tea market size is expected to reach USD 3.39 billion by 2027 . Such initiatives further support the immense growth opportunities for the companies. In 2020, China dominated the tea market with 78.7 billion US dollars of revenue. South America is anticipated to grow in terms of sales volume of the products in the coming years. Statista. 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). The two businesses are known for their zingy fruit tea drinks. 84% of the tea that is consumed is black tea. 30.7% of Victorian adults consumed sugar-sweetened soft drinks at least once a week. Availability of Other Caffeinated Drinks to Impede Growth. making yummy bubble tea with BBT Club today. For instance, Nextrends Asia 2021 displayed a surge in Taiwans exports of pearl milk teas base ingredients (raw materials, packaging and machinery, and others) which was an increment of 330% as compared to 2018. One cup of tea is assumed to contain 2 grams of tea. 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. Apart from the variety of flavors available, one of the primary elements fueling the expansion of bubble tea Industry is the health benefits. Tea is one of the most popular beverages consumed worldwide. The chewy tapioca balls or pearls are undoubtedly the stars of any bubble tea drink. 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. 12 Consumption and Demand Forecast 12.1 Global Forecasted Demand Analysis of Deep Vein Thrombosis (DVT) Therapy 13 Forecast by Type and by Application (2023-2028) 13.1 Global Production, Revenue . Chocolate flavored milk tea is tremendously popular in which chocolate powder is blended with milk to strengthen its flavor. 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. Despite the burgeoning demand for such innovative tea beverages, the wide availability of other caffeinated and conventional drinks, such as coffee and chocolate, coupled with the prominent coffee consumption trends in Western countries, poses a threat to market growth. Interesting Facts. 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. 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. 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". 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. Consumption of sugar sweetened and diet drinks in adults. In the Tea segment, volume is expected to amount to 18.6mkg by 2025. Heycha and Yicha both have similar-sounding names and include refreshing fruit teas as part of their star offerings. The Bubble Tea Club Kit has everything you need to make delicious homemade bubble tea. The percentage of tea that is consumed which is green tea: 15%. The region is witnessing a cross-cultural food consumption trend, and the growing health and wellness approach is also expected to boost the growth. This bubble tea craze has taken over. 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. 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. info@pearllemongroup.com. 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. Bubble Tea Popularity Statistics Singapore; by palmebre Published: July 20, 2021 (2 days ago) Category. As per the report, sales will increase at a 4.2% CAGR over the forecast period, reaching US$ 354.6 Mn by 2032. Due to social media, bloggers documenting their bubble tea experience, and other factors, bubble tea stores continue to flourish and expand their offerings in this region. 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). A. With 38 grams per 16oz beverage, bubble tea should be enjoyed in moderation. Sunset Yellow FCF Market Sales: The sunset yellow FCF sales are slated to grow at a CAGR of 6.25% between 2022 and 2032, totaling a market valuation of US$ 150 Mn by 2032. Whether youre feeling something sweet, fruity, and refreshing, something soothing and tea-like, or a slushy smoothie like-drink, bubble tea has you covered. 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 (%) . After decades of slowly increasing in popularity, the big bubble tea boom happened in 2018. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca. Thailand will emerge as a lucrative market over the forecast period with a CAGR of 8.7%. By continuing to visit this site you agree to our use of cookies . Young people between ages 20 and 29 are interested in bubble tea. | Source: Book your free consultation and let our research experts help you with your needs/problems. 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. (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. Who are the leading players in the market? 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. A. Bubble Tea originated in Taiwan in the early 1980's at a small tea stand. Nevertheless, manufacturers are trying to introduce new beverage options, such as bubble milk tea, in the market. It looks quite comprehensive and the data is exactly what I was looking for. This popular sweetened tea is made up of high-quality milk and tapioca pearls, along with fruit powder, creamer, and sweeteners. Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. Tartrazine Market Trend: Global tartrazine market is projected to reach a valuation of US$ 120 Mn in 2022, with demand growing at a 7.0% CAGR over the forecast period. The report segments the global bubble tea market based on base ingredient, flavors, component, and region. Nigeria, specifically, has become a hub for cassava production. 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. It comes with the additional cost of $2500.00 contact sales. Almost overnight bubble tea shops popped up around the world in multiple countries that had never had an interest in it before. In 2014, over 77% of the tea brewed in the United States was prepared using tea bags. Aug 24, 2022 03:14pm. How much is the global bubble tea market worth? For better delivery of our new release, Please help us undestand your interest Industry and Frequency that you prefer to get the new releases. Global Demand for Coffee - Despite the demand for coffee in the United States, the country only ranks 25th in per capita coffee consumption. Online retailing is predicted to register an 11.9% CAGR. Ask for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-12310. In this era, the growing consumer preferences for products depend on various factors such as choice of taste, price, brand, and location accessibility. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. If theres one thing you can count on, its that bubble tea is going to be more popular among women than men. Awareness about health issues and their relation to meat consumption has resulted in a shift towards vegan and plant-based diets. 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. 12. One such brand riding that success locally is Chatime, a Taiwanese-founded bubble tea business which chose Australia as its first-ever Western market almost 10 years ago in 2009. 11.2% of Victorian adults consume sugar sweetened beverages daily. And if you have a sweet tooth, its SO GOOD. 6. The Tea segment in Australia is projected to grow by 2.61% (2023-2025) resulting in a market volume of US$1.47bn in 2025. . Thank you for requesting a call back, our sales representative will get in touch with you shortly! By 2025, 70% of spending and 10% of volume consumption in the Tea segment will be attributable to out-of-home consumption (e.g., in bars and restaurants). Based on our analysis, the global market exhibited a slower growth of 2.76% in 2020 as compared to 2019. Bubble milk tea has emerged as a cultural icon for the world and symbolizes Taiwans food innovation to promote its existence amidst the food service industry. However, the sweeteners segment is expected to witness the highest growth, owing to rise in demand for sweet beverages across the globe. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive, Please pass on our sincere thanks to the whole team at Fortune Business Insights. The black tea segment is expected to be the leading segment in the global market. The ICC World Test Championship final will be played in The Oval, London from June 7 to 11, where the conditions are pacer-friendly. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022. There are many teas, they can vary in . Tea consumption per capita in the UK is 1.3 kg for 2019. The U.S. market is anticipated to register a prolific CAGR of 12.4% over the forecast period. Followed by black tea, the green tea segment is expected to hold a major percentage of the market share. The rise in online food delivery (OFD) applications has increased access to a myriad of ready-to-eat options, which may lead to unhealthier food choices. Drum To Hopper Blends Premix Market Forecast: The global drum to hopper blends Premix market is expected to reach a valuation of US$ 752.1 Mn in 2022, with demand increasing at a CAGR of 7.4% over the assessment period. 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. +44 208 097 3636. 10. Cook for about 20 minutes. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. Since our launch, weve worked on more than 1,000 projects for clients around the world. 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. 04 For a short time in 2012, all 800 branches of McDonalds in Germany sold bubble tea. This is a decrease, compared to the growth of about 7.64% per year, registered in 2015-2019. Tea in Kenya. In 2018, there were over 450,000 shops selling bubble tea in China. 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. 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%.. 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. With globalization, new trends have started striking the food service market, thereby influencing the young generation to try new beverages. But did you know that there are six different types of bubble tea? Quinoline Yellow WS Market Analysis: The global quinoline yellow WS (water soluble) market is projected to reach a valuation of US$ 28.5 Mn in 2022, growing at a CAGR of 3.9% between 2022-2032. Sometimes they are blended with ice to give them a more slushy-like consistency.

Brodie Helmet Identification, Best Available College Basketball Coaches 2021, Articles B