Chatime, Gong Cha, Coco Fresh Tea & Juice, and Lollicup USA, Inc. are the leading players in the market. 11.2% of Victorian adults consume sugar sweetened beverages daily. According to ourlatest study, due to COVID-19 pandemic, the global Bubble Tea market size is estimated to be worth USD 8295.5 million in 2021 and is forecast to a readjusted size of USD 26870 . 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. While bubble tea is enjoyed by people of all ages, it tends to be a global favorite among younger people. PDF Global Market Report: Tea - International Institute for Sustainable 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 . But did you know that there are six different types of bubble tea? Its iced or hot black or green tea mixed with chewy tapioca balls that are often flavored. Chewy tapioca balls or different flavored jellies are then added to give bubble tea the fun, chewy texture that it is known for! Bakery Products Market Share: The global bakery products market is estimated to reach US$ 235 Mn in 2022. With 38 grams per 16oz beverage, bubble tea should be enjoyed in moderation. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. This is for a full-sugar serving that contains 60 g of sugar. Premium Statistic Global tea consumption 2012-2025 . 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. 1. Due to widespread popularity and prevailing trends as well as the presence of many bubble tea manufacturers in this region, the bubble tea market in China is expected to continue to flourish over the forecast period. Sometimes they are blended with ice to give them a more slushy-like consistency. We use cookies to enhance your experience. All these aspects necessitate the manufacturers to develop premium quality teas by keeping the consumer demands in mind. Tea - 2023 Data - 2009-2022 Historical - 2024 Forecast - Price - Quote 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 . Bubble Tea Market Analysis, Growth & Forecast 2027 - Yahoo! Revenue in the Tea segment amounts to US$1.40bn in 2023. Were big enough to handle massive projects, and yet also nimble enough to come up with names on demand that hit every time. Today, millennials, zennials, and gen z account for the vast majority of the countrys bubble tea consumption. Quick Facts. I appreciate the timeliness and responsiveness of you and your team., (applicable to 1 report only for the same license type), The global bubble tea market is projected to grow from $2.29 billion in 2022 to $3.78 billion by 2029, at a CAGR of 7.40% in the forecast period, 2022-2029, 2020 Fortune Business Insights . 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. 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! Six in ten (59.7%) did not usually consume either sugar sweetened or diet drinks. Pune, India, Oct. 26, 2021 (GLOBE NEWSWIRE) -- The global bubble tea market size is expected to reach USD 3.39 billion by 2027 . info@pearllemongroup.com. Interesting Facts. 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. 1.In 2019, 64% of Americans aged 18 and over drank coffee every day. In Asia, however, it is equally popular among men and women and is seen as a cultural phenomenon. 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. What may surprise you though is the amount of sugar! 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. It should be no surprise then that sugar is a primary ingredient in the drink. bubble tea popularity statistics singapore; how many bubble tea brands in singapore; Bubble Tea Popularity Statistics Singapore . info@pearllemongroup.com. Studies showed that green tea-based milk tea is proven to be beneficial for lowering blood pressure and the risk of cancer. The percentage of tea that is consumed which is green tea: 15%. Bubble Tea Club | DIY Bubble Tea Kits The Asia Pacific market held the largest share and was valued at USD 0.90 billion in 2021. The drink became popular during the 1990s, just in time for millennials to develop a taste for it. Girls and women are the primary demographic among bubble tea drinkers, with 95% having tried it. China is one of the prominent regions in the market that accounted for a sizeable share of the total market in 2019. The bubble tea industry is expected to reach $3.39 billion by 2027. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. 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%.. Accelerated demand for healthier beverage alternatives to carbonated drinks coupled with shifts in consumer preferences is fueling market growth for bubble tea. Philippines: Tea Market and the Impact of COVID-19 on - market research The report segments the global bubble tea market based on base ingredient, flavors, component, and region. 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 average volume per person in the Tea segment is expected to amount to 0.68kg in 2023. Bubble milk teas surge in popularity is mainly attributed to taste, affordability, and the rising reinvention of the basic tea recipe. Theres a lot more to bubble tea than meets the eye, and weve discovered all of the reasons that its a global favorite. Picture via Instagram/yicha_malaysia and myheycha. 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. The Market for Bubble Tea in North America to be the Most Dominant & Fastest Growing. The success of bubble tea in China explained - Daxue Consulting 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. US Coffee Statistics. Australia: 0.75 kg (1.65 lb) 17 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. Of the 30 countries that enjoy bubble tea, most are in Asia. 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. A typical serving of bubble tea at a chain might cost $3 to $5 for a 16- to 20-ounce cup. (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. A. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. Each . Bubble tea consumption gender-wise: According to the statistics, bubble tea is a favorite drink of women. 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. Extruding the tapioca into these small balls is difficult work. Tea in Kenya. Among various flavors, fruit flavor is more popular, and this segment dominated the market in 2019. 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. Bubble Tea Market Size, Share, Growth Report, 2020-2027 Teenagers and people in their 20s consistently account for the highest consumer percentage of bubble teas. By 2025, 70% of spending and 10% of volume consumption in the Tea . 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. By component, it is classified into flavor, creamer, sweetener, liquid, tapioca pearls, and others. How much is the global bubble tea market worth? In addition, due to the presence of artificial preservatives in bubble tea, consumers are changing their preference toward organic beverages, which hampers the growth of the global bubble tea market. Global Demand for Coffee - Despite the demand for coffee in the United States, the country only ranks 25th in per capita coffee consumption. 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. 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 ($5.1 . The chocolate segment is projected to have the fastest growth in the coming years due to increasing demand for chocolate-based drinks from every age group. This was attributed to rise in the fitness conscious people across the globe. Against this backdrop, the market valuation is projected to reach US$ 245 Mn by 2032. 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. Bubble Tea Market Sale, Share, Size, Growth & Forecast -2032 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. However, the consumption of tea is not as prominent as the popularity of coffee in South American countries such as Argentina and Brazil. This means, market totals are not comparable to published data from prior years. The key players in the industry receiving high levels of popularity and response from customers are franchising their businesses into different locations. +44 208 097 3636. 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. The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. The Bubble Tea Club Kit has everything you need to make delicious homemade bubble tea. Add the ice cubes, and shake so the whole drink can get cold. 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. Published. 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 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. The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca. In theory, the bubble tea pearls could stick together and form rather difficult to pass blobs, especially when other ingredients are making them thicker and sturdier. 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. 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. What are the key factors driving the market? The market is expected to grow annually by 2.61% (CAGR 2023-2025). Global Bubble Tea Market Dynamics, Regional Analysis, Segmentation, Competitive Landscape, COVID-19 Impact, Recent Developments and SWOT Analysis of Key Emerging countries such as China, India and Brazil growing with the CAGR of 8%, 9.5%, and 8.3% respectively. The global market for organic tea is showcasing strong growth principally because of the growing knowledge regarding safer counterparts of organic products among consumers. BUBBLE TEA CRAZE in Southeast Asia - mise en place 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). Worldwide Tea Statistics. Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-12310, Explore FMIs Extensive Coverage on Food and Beverage Domain. The Asia Pacific bubble tea market is expected to flourish with multiple market opportunities. Heycha and Yicha both have similar-sounding names and include refreshing fruit teas as part of their star offerings. However, excess sugar content in these drinks leading to health issues and trend of coffee consumption are expected to restrict the market growth. Moreover, increase in disposable income and economic growth in advanced & emerging economies support the market growth. Thanks for sticking with me in this huge post. 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. The appearance of the finished drink is what led to its name. We selected the top 40 popular menu items from three of the most commonly used OFD applications in 2021. Bubble tea is a sweet, delicious drink typically made from a tea base that is then mixed with either milk or fruit flavoring. The research report includes quantitative and qualitative insights into the market. 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. 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. 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. 297 billion liters of tea were consumed worldwide in 2021. 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. Tea market in Canada - statistics & facts | Statista 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. 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. Press release from: Analytics Market Research. Tea industry statistics, analysis, market share, market reports In 2014, over 77% of the tea brewed in the United States was prepared using tea bags. 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. With 250 different flavors, it makes sense that there would be different bases to the teas. 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. It is expected to be the fastest growing segment owing to consumers' inclination towards the convenience offered. 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! In addition, the growing gastronomic tourism, rising number of health-conscious individuals, and increased social media influences further paved the way toward growing potential. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. The devotion to bubble tea is so fanatical that in 2020, at the cusp of the circuit breaker, an argument broke out between a food rider and store employees about a hold-up in orders. 2016. Meet one of Australia's fastest-growing franchises: How Chatime is Tea decreased 0.14 USD/Kgs or 4.95% since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. 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. The bright colors and availability of sweet and fruity flavors especially appeal to children . Consumers are shifting toward natural and organic food and beverage products, which is one of the major factors that would help in the growth of this segment in the market. Tea Market Size, Share & Research Analysis | Forecast, 2020-2027 December 17, 2022. Nigeria, specifically, has become a hub for cassava production. Key players in the global bubble tea market are focusing on releasing novel and unique flavors of bubble tea. For instance, in April 2020, a bubble tea company Chatime launched oat milk-based tea such as Chatime Pearl Milk Tea and Grass Jelly Roasted Milk Tea for lactose intolerant consumers. There are 250 different flavors of bubble tea. Join over 60,000 Bubblers (that's what we call our lovely customers!) Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. Rising Raw Material and Transportation Cost Due to the Pandemic to Slow Down the Market Growth. At what CAGR is the bubble tea market projected to grow in the forecast period (2022-2029)? 11. 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.