Whats your favorite bubble tea base to start with? One kilogram therefore represents 500 cup equivalents. 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. Stir until the sugar has dissolved and the milk is well mixed in. US Coffee Statistics. "Market Intelligence that Adds Flavour to Your Success", Region : Global | Format: PDF | Report ID: FBI101564. 8. bubble tea popularity statistics singapore; how many bubble tea brands in singapore; Bubble Tea Popularity Statistics Singapore . Tapioca pearls are made from cassava flour, of which Nigeria is the worlds largest exporter (21%). 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. Resistant Starch Market Size: The resistant starch market is valued at US$ 10.5 Bn in 2022 and is projected to grow at a CAGR of 6.6% during the forecast period, to reach a valuation of US$ 19.9 Bn by 2032. Studies showed that green tea-based milk tea is proven to be beneficial for lowering blood pressure and the risk of cancer. Tea is the second most popular drink in the world, with water at first place. 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. Synthetic Food Colors Market Outlook: The global synthetic food colors market size is estimated to be valued at US$ 590 Mn in 2022 and is further expected to grow at a CAGR of 6% between 2022 and 2032, surpassing a valuation of US$ 1,066 Mn by the end of 2032. 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. By sugar content, reduced sugar/sugar-free category will gain traction over the forecast period. The market was expected to reach a valuation of US$ 2.3 Bn by the end of 2021. 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! 3. Elementary school children would look forward to buying a cup of refreshing tea after a long, hard day of work and play. 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. Changes in consumers tastes and preferences have fostered growth for the bubble tea market over the forecast period. Pune, India, Oct. 26, 2021 (GLOBE NEWSWIRE) -- The global bubble tea market size is expected to reach USD 3.39 billion by 2027 . A. South America is anticipated to grow in terms of sales volume of the products in the coming years. Black tea is the most consumed tea around the world. Required fields are marked *. However, the consumption of tea is not as prominent as the popularity of coffee in South American countries such as Argentina and Brazil. What may surprise you though is the amount of sugar! 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. In 2014, over 77% of the tea brewed in the United States was prepared using tea bags. Bubble tea has a milk base and includes ingredients like chewy tapioca balls, or fruit jelly and boba. Thailand leads in bubble tea consumption at an average of 6 cups per person per day. Moreover, based on the study by the finance-based startup, Momentum Works and payment startup, Qlub, Indonesias bubble milk tea market ranked first among all the Southeast Asian countries. Reduced sugar/ sugar-free bubble tea will gain traction over the assessment period. India is currently 1-0 up in the series, which has seen Indian spinners dominating both the tests in Nagpur and Delhi. Pour into a glass, and add tapioca. According to the Food and Agriculture Organization (FAO) of the United Nations, Nigeria is the largest exporter of cassava at 21% of the worlds amount. Premium Statistic Global tea consumption 2012-2025 . If you love bubble tea and are looking for a make your own bubble tea kit, this is the place! Book your free consultation and let our research experts help you with your needs/problems. Rising consumption of tea and coffee as nootropic drinks among students and working-class population is a key factor for the market growth. The percentage of tea that is consumed which is green tea: 15%. By region, North America was the most prominent regional market in 2019. Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. Bubble Tea Market size was estimated at $2.1 billion in 2020, projected to increase at a CAGR of 6.8% during the forecast period 2021-2026. We are happy with the professionalism of your in-house research team as well as the quality of your research reports. October 26, 2021 13:00 ET | Source: Fortune Business Insights. The Middle East & Africa showcases a slower growth as pearl milk tea is consumed as a social drink or as a gesture of hospitality. Overall, though tea registered. Bubble tea shops, or Boba tea as it is frequently called in America, can be found in almost every major city across the country. The at-home market, also called off-trade market, covers all retail sales via super- and hypermarkets, convenience stores or similar sales channels. Consumption declines with age. By flavor, the market is classified into coffee, fruit, chocolate, original, and others. 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. It looks quite comprehensive and the data is exactly what I was looking for. Almost overnight bubble tea shops popped up around the world in multiple countries that had never had an interest in it before. The bubble tea industry was valued at $2.2 billion in 2019. The appearance of the finished drink is what led to its name. This is for a full-sugar serving that contains 60 g of sugar. Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. Heycha and Yicha both have similar-sounding names and include refreshing fruit teas as part of their star offerings. Cassava flour itself comes from the cassava root, which is native to South America but has become a staple food in many African nations. For better delivery of our new release, Please help us undestand your interest Industry and Frequency that you prefer to get the new releases. However, excess sugar content in these drinks leading to health issues and trend of coffee consumption are expected to restrict the market growth. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); We're Soocial, a leading branding agency with a passion for creating memorable names and internationally-renowned brands. It's common for bubble tea brands to include "cha" in their names, which means "tea" in Chinese. Unilever (Lipton), Associated British Foods (Twinings) and Tata Global Beverages (Tetley) are globally the most important players by revenue. Australia: 0.75 kg (1.65 lb) 17 Consumer Shift toward Healthy Alternatives to Favor Growth. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. BBT Club is Australia's leading DIY bubble tea company for anywhere and anytime. And if youre looking for all the facts and figures that back up our claim, you have this blog post. Nearly everyone in Thailand enjoys drinking bubble tea, to the point that they have surpassed every other country in the amount that they drink! Nevertheless, manufacturers are trying to introduce new beverage options, such as bubble milk tea, in the market. Market size and forecast, by Base Ingredient, 2020-2028 7.3.9.2. 11. Bubble tea is also known as pearl milk tea. The global COVID-19 pandemic has been unprecedented and staggering, with bubble tea experiencing lower-than-anticipated demand . making yummy bubble tea with BBT Club today. One cup of tea is assumed to contain 2 grams of tea. The value of its market is estimated to be $5.2 billion. Awareness about health issues and their relation to meat consumption has resulted in a shift towards vegan and plant-based diets. 03 Locally called "po po ch," Singapore has sold bubble tea since 1992. Why buy this report? 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 A. Bubble milk teas surge in popularity is mainly attributed to taste, affordability, and the rising reinvention of the basic tea recipe. Such initiatives further support the immense growth opportunities for the companies. Aug 24, 2022 03:14pm. Bubble tea made a rise in popularity in 2018 with a 3000% increase in orders from Southeast Asia. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. The option to customize your bubble tea, availability at most cafes, restaurants, convenience, and grocery stores as well as the variety offered has contributed to the market growth. 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. 10. Press release from: Analytics Market Research. 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. Address Shop 14, 375 William Street, Northbridge, Western Australia, WA, Australia 6003 Phone Number 0434039801 Categories Bubble Tea Shop, Tea Room 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%.. 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. 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. Bakery Products Market Share: The global bakery products market is estimated to reach US$ 235 Mn in 2022. This is a list of countries ordered by annual per capita consumption of tea, as of 2016. Singapore market is forecasted to grow at a CAGR of 10.7%. Bubble tea consumption statistics show that Thais drink six bubble teas per month. 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. Who are the leading players in the market? Chewy tapioca balls or different flavored jellies are then added to give bubble tea the fun, chewy texture that it is known for! (Caffeine Informer) Bubble tea is also known as (Zhen Zhu Nai Cha) directly translates to pearl milk tea, but is also known as boba tea in . 01 The first bubble tea came out in the early 1980s. According to the CXOs, Europe is projected to register significant growth as compared to Asia-Pacific and North America due to rapid urbanization, rise in consumption of healthy beverages, and low price of bubble tea. Europe also witnessed growth in the pearl milk tea market around the same time as other Asian countries. European countries are just starting to understand the bubble tea craze, and with new dessert products in the making, the only way for this industry to go is up. If theres one thing you can count on, its that bubble tea is going to be more popular among women than men. Moreover, zero fat and low calorie contents of . 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". There are many varieties of the drink with a wide range of ingredients. Introduced to China in the early 1990s, it quickly became one of the most popular drinks in the nation. Its not just the sugar that gives these drinks their sweetness, though; many restaurants also add sweeteners to them. Other players operating in the market are Boba Box Limited, Fokus Inc., Sumos Sdn Bhd, Troika J.C. (Qbubble), and Boba Tea Company. Join over 60,000 Bubblers (that's what we call our lovely customers!) 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. 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. Manufacturers are capitalizing on improving the functionality of boba drinks ingredients to cater to the rising demand from consumers. Bubble tea, also known as Boba or Boba tea, is rapidly becoming one of the worlds favorite beverages. It's the second most-consumed drink in the world, only behind water. The Market for Bubble Tea in North America to be the Most Dominant & Fastest Growing. Bubble tea consumption gender-wise: According to the statistics, bubble tea is a favorite drink of women. 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. Your email address will not be published. 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. 13. Victorian Government, Department of Health and Human Services. For people aged 71 or older, the figures were substantially lower, at 1,584 grams and 1,532 grams, respectively. The campaign will be extended due to the tremendous profit achieved, which motivates the company to broaden its product offerings and brand position. USD 1,195. An Infographic Representation of Bubble Tea Market, To get information on various segments, share your queries with us. The price per unit in the out-of-home market always references the total price over the amount of tea consumed, regardless of the other components of the finished beverage. At what CAGR is the bubble tea market projected to grow in the forecast period (2022-2029)? Among participants, 647 (88%) consumed less . Contact Sales for Further Assistance in Purchasing this Report @ https://www.futuremarketinsights.com/checkout/12310. 10. This beverage has undergone a few waves of popularity in Singapore. The consumption of organic tea rose by 1.06 million gallons in 2018. 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. The global bubble tea market size was valued at USD 2.17 billion in 2021. Bubble tea is known for its sweet taste. The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca. The bright colors and availability of sweet and fruity flavors especially appeal to children . 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 . The price might seem high, but you have to consider everything that goes into making it, which includes: On the surface, bubble tea seems like a simple drink. One concession owner became popular with her . The segment is expected to display an 11.4% CAGR, and account for more than 38% of the global market share. 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. Were guessing you already know what bubble tea is. Because of its proximity to Taiwan, where bubble tea was created, China quickly became a fan of the sweet beverage. The U.S. market is anticipated to register a prolific CAGR of 12.4% over the forecast period. Ready to drink tea products have seen a 15x increase in sales and consumption since 2004. A. There are many teas, they can vary in . Consumption of black tea is highly promoted due to its strong antioxidant, anti-aging, and anti-diabetic properties. The industry shows no signs of slowing down, and in fact, appears to be growing exponentially with every passing year. 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. It comes with the additional cost of $2500.00 contact sales. It also offers a detailed analysis of the market size and growth rate for all possible market segments. Accelerated demand for healthier beverage alternatives to carbonated drinks coupled with shifts in consumer preferences is fueling market growth for bubble tea. 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. For one, there are all of the sweet flavors and fun combinations of ingredients you can get. 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. The chewy tapioca balls or pearls are undoubtedly the stars of any bubble tea drink. . Brands, such as Koi The Co, Moge Tee, and M.A.D. A. 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. 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. On the contrary, introduction of various new flavors and blends and high demand among young population for a variety of teas are expected to provide lucrative opportunities for the market expansion.The bubble tea market has been segmented on the basis of on base ingredient, flavors, component, and region. 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. Such challenges cumulatively hamper the growth potential of the global market. Get in touch with us. Bubble tea is drunk by millions of people around the world every single day, even in countries that you might not expect! The adoption of bubble tea has been quite high in mature regions such as the U.S., Canada, and Germany while emerging countries such as China, Brazil, and India are catching up quickly. Background: Bubble tea has become enormously popular in China in recent years. a more convenient consumption option, compared with hot cereals, which can require the addition of boiling water or milk. Moreover, increase in disposable income and economic growth in advanced & emerging economies support the market growth. 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. From Farmer Welfare and Supply Chain to the Latest Trends, Tea Experts Share Insights. The black tea segment is expected to be the leading segment in the global market. This can be attributed to change in preference of consumers toward healthy beverages and better taste. Millennial Tea Drinking Stats - Tea continues to gain market share in surprising areas. 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 . Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. 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. 14. 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. There are 250 different flavors of bubble tea. 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. 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. The article shared insights on the bubble tea craze in Southeast Asia. Virtually any flavor that you can imagine exists with bubble tea. 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. . A. 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. China is projected to exhibit a 7.5% CAGR. Ltd. Although the drink was originally created in Taiwan, its signature ingredient is primarily grown in Nigeria, Thailand, Indonesia, and Brazil. The market for Tea segment is expected to show a volume growth of 1.6% in 2024. 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. Statista. A. 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.