By 2025, 70% of spending and 10% of volume consumption in the Tea . Adults' total beverage consumption drops steadily with age. page 1 . The Middle East & Africa showcases a slower growth as pearl milk tea is consumed as a social drink or as a gesture of hospitality. 11. Jan 2023. A typical serving of bubble tea at a chain might cost $3 to $5 for a 16- to 20-ounce cup. Some specialty shops have menus with smaller sizes and prices as low as $2 to $3 per serving. Remarkable job and great efforts by your research team. 1. This is a very good piece of work and will be very helpful to us going forward. During the late 1980s and into the 1990s, bubble tea was only consumed in a select few countries including Taiwan, Hong Kong, China, and Japan. In fact, tea was aboard the First Fleet in 1788. Find the most up-to-date statistics and facts on the tea market in Canada. DUBAI, U.A.E., Aug. 12, 2020 /PRNewswire/ -- The bubble tea market is expected to rise at a year-on-year growth rate of 8% from 2020-2030, opines Future Market Insights in its recent report . We value them as a research company worthy of building long-term relationships., Well done Fortune Business Insights! This is a list of countries ordered by annual per capita consumption of tea, as of 2016. For better delivery of our new release, Please help us undestand your interest Industry and Frequency that you prefer to get the new releases. Between 2021 and 2028, the global tea market is expected to grow at a CAGR of 6.6%. 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. 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 . Black tea is the most consumed tea around the world. Based on the base ingredient, green tea will lead the market growth over the forecast period. We use cookies to enhance your experience. 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. In the next five years, the bubble tea industry is expected to grow by nearly 54%. The forecast period in the global bubble tea market report is 2019-2027. . 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. Singapore market is forecasted to grow at a CAGR of 10.7%. We selected the top 40 popular menu items from three of the most commonly used OFD applications in 2021. Looking forward to work together in the future, It has been a delightful experience working with you guys. Modern Asian Desserts, expanded its business in the country by introducing various boba milk tea outlets. 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. Among various flavors, fruit flavor is more popular, and this segment dominated the market in 2019. The market is expected to grow annually by 2.61% (CAGR 2023-2025). 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. Filipinos rank second highest bubble tea drinkers in Southeast Asia 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. 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. 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. 15. Tea is an aromatic beverage derived . For one, there are all of the sweet flavors and fun combinations of ingredients you can get. Ready to drink tea products have seen a 15x increase in sales and consumption since 2004. Coffee and Tea Marketing & Industry Trends Shaping 2023 - Linchpin 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. Bubble tea is known for its sweet taste. Thailand leads in bubble tea consumption at an average of 6 cups per person per day. The players in the bubble tea market have adopted acquisition as their key development strategy to increase profitability and improve their position in the bubble tea market. That is approximately four cups of brewed coffee, 10 cans of cola or two "energy shot . It looks quite comprehensive and the data is exactly what I was looking for. 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. Meanwhile, Philippinos drink five cups of this tea per month. Australia . The bubble tea industry is enormous and accounts for one of the fastest-growing food markets in the world today. 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 . 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". Tea is a beverage made by pouring hot water over cured leaves. "Market Intelligence that Adds Flavour to Your Success", Region : Global | Format: PDF | Report ID: FBI101564. 6. The mean age of study participants was 24 years and the age range was 18 or older to younger than 30 years. This was attributed to rise in the fitness conscious people across the globe. 12. The market is expected to grow at a CAGR of 7.40%, during the forecast period. In the Philippines alone, orders increased by 3,500 percent from June to December 2018. Availability of Other Caffeinated Drinks to Impede Growth. The global market for organic tea is showcasing strong growth principally because of the growing knowledge regarding safer counterparts of organic products among consumers. 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 . 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. The report covered all the points and was very detailed. In relation to total population figures, per person revenues of US$53.14 are generated in 2023. Lycopene Food Colors Market Growth: The overall demand for lycopene food colors is slated to grow at a prolific CAGR of 10.7% during the forecast 2022-2032, totaling US$ 257 Mn by 2032. In 2019, tea revenue globally is about US$214,761m and is expected to grow each year by 6.9% until 2023. Tea Drinkers vs. Coffee Drinkers: 30 Statistics to Know in 2023 Girls and women are the primary demographic among bubble tea drinkers, with 95% having tried it. Bubble Tea Popularity Statistics Singapore; by palmebre Published: July 20, 2021 (2 days ago) Category. How Much Is the Bubble Tea Industry Worth. 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. Bubble Tea Market Size, Share and Trends | Research Report - 2027 At what CAGR is the bubble tea market projected to grow in the forecast period (2022-2029)? 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. Green tea. Thank you Fortune Business Insights for your efforts and prompt response, I had a great experience working with Fortune Business Insights. Contact Sales for Further Assistance in Purchasing this Report @ https://www.futuremarketinsights.com/checkout/12310. Using new techniques such as molecular nitrogenation also adds innovation to the traditional recipe, thus further opening numerous opportunities for the market to bolster growth. Bubble tea brands expected to produce novel and unique products over the forecast period. Your email address will not be published. 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, the availability of suitable alternatives, such as unsweetened tea, coconut water, fruit-infused teas, and others, offering similar benefits, hamper the global market growth. In global comparison, most revenue is generated in China (US$111,800.00m in 2023). The black tea segment is expected to be the leading segment in the global market. +44 208 097 3636. For those looking to cut back on sugar, bubble tea may not be the best choice. There are 250 different flavors of bubble tea. How much is the global bubble tea market worth? Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 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. The global organic tea market size was USD 820.8 million in 2019 and it is projected to reach USD 1,918.7 million by 2027, exhibiting a CAGR of 11.2% during the forecast period. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. 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. About 200 million pounds of tea leaves (bagged & loose) are shipped into the United Add the ice cubes, and shake so the whole drink can get cold. Keep reading to discover everything weve uncovered about bubble tea. 3. Australians drink tea and have afternoon tea and morning tea much the way the British do. 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. Tea in Kenya. 10. Six in ten (59.7%) did not usually consume either sugar sweetened or diet drinks. Moreover, rise in consumption of flavored bubble tea in young generation fuels thebubble tea market growth. Bubble tea got its name from the tapioca balls because when theyre added to the drink and shaken, the balls expand and pop, creating a popping soundor bubbling.. 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. The global market is projected to reach US$ 194.7 Bn by 2032. The appearance of the finished drink is what led to its name. 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. Beware the Bubble Tea: Examining the Dangers of Bubble Tea Consumption As per the latest report by FMI, the U.S. bubble tea market is expected to register a 12.4% CAGR during the forecast period. 11.2% of Victorian adults consume sugar sweetened beverages daily. Bubble Tea Market Analysis Report 2023 Along with Statistics Figures Based on bubble tea market forecast, the liquid component was the most prominent segment accounting for the highest share in the bubble tea market. Europe also witnessed growth in the pearl milk tea market around the same time as other Asian countries. 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. Bubble Tea: What Happened To A 14-Year-Old Who Drank It - Forbes 02 Each tapioca ball has 5 to 14 calories. Asia Pacific Bubble Tea Market Size, 2021 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. 1 2 3 8. Worldwide Tea Statistics. The market was expected to reach a valuation of US$ 2.3 Bn by the end of 2021. It should be no surprise then that sugar is a primary ingredient in the drink. 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. Ask for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-12310. 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. Southeast Asians spend US$3.66 billion on bubble tea annually: Study 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. Tea stands were set up in front of the schools and would compete for business with the best selling tea. 4364..55.011 - Australian Health Survey: Consumption of added sugars, 2011-12. 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. Let's assume that the daily maintenance calories for an average adult man are 2,500 kcal, and for an average adult . Malaysia Coffee & Tea Market Research Reports & Analysis page 1 This is a decrease, compared to the growth of about 7.64% per year, registered in 2015-2019. 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. Art & Craft. 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 . Tea - Australia - Statista - The Statistics Portal for Market Data Statista. Bubble tea consumption and its association with mental - ScienceDirect A. Pour tea, milk, and 4 teaspoons sugar into a cocktail shaker. The price for bubble tea depends on where you get it. For people aged 71 or older, the figures were substantially lower, at 1,584 grams and 1,532 grams, respectively. Save my name and email in this browser for the next time I comment. As more and more countries discover the delicacy that is bubble tea, these figures are sure to continue growing. 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. 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. Bubble tea has a sweet, sour, and tangy taste that varies depending on the type of fruit used. 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. In 2020, China dominated the tea market with 78.7 billion US dollars of revenue. Stir until the sugar has dissolved and the milk is well mixed in. If you love bubble tea and are looking for a make your own bubble tea kit, this is the place! Over 90% of the tea consumed is Black Tea, about 5% Green Tea, 1% Oolong Tea and the balance flavored, scented, or mixed teas. [1] Bakery Products Market Share: The global bakery products market is estimated to reach US$ 235 Mn in 2022. Tea is one of the most popular beverages consumed worldwide. Thank you for contacting us, our sales representative will get in touch with you shortly! Aug 24, 2022 03:14pm. The bubble tea market in Thailand is predicted to register an 8.7% CAGR. Reduced sugar/ sugar-free bubble tea will gain traction over the assessment 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. a more convenient consumption option, compared with hot cereals, which can require the addition of boiling water or milk. This can be attributed to the rise in awareness regarding healthy lifestyle and higher adoption of healthy beverages by health-conscious consumers. Aug 16, 2022, 1:25 PM SGT. About | Privacy Policy |Contact | Advertise | Support. 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. Tea is the second most popular drink in the world, with water at first place. 'Revenge bubble tea drinking': Shanghai awakes from Covid lockdown The market for Tea segment is expected to show a volume growth of 1.6% in 2024. 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.
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