Because of its proximity to Taiwan, where bubble tea was created, China quickly became a fan of the sweet beverage. 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 . By 2025, 70% of spending and 10% of volume consumption in the Tea . The region is witnessing a cross-cultural food consumption trend, and the growing health and wellness approach is also expected to boost the growth. 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. Originating in Taiwan, the drink typically consists of tea, milk/cream, and sugar accompanied by tapioca pearls. 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. Chewy tapioca balls or different flavored jellies are then added to give bubble tea the fun, chewy texture that it is known for! For instance, in September 2021, Dubai witnessed the opening of various new tea outlets serving bubble tea across the country. Fruit-flavored bubble teas account for the largest percentage of bubble tea consumed at 37%. 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 forecast period in the global bubble tea market report is 2019-2027. 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. But did you know that there are six different types of bubble tea? Ready to drink tea products have seen a 15x increase in sales and consumption since 2004. Keep reading to discover everything weve uncovered about bubble tea. Add the ice cubes, and shake so the whole drink can get cold. Fruit Flavor Segment is Dominating Backed by High Consumer Preference. Picture via Instagram/yicha_malaysia and myheycha. Porters five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplierbuyer network. 9. The global bubble tea market size was valued at USD 2.17 billion in 2021. Background: Bubble tea has become enormously popular in China in recent years. 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. Its not just the sugar that gives these drinks their sweetness, though; many restaurants also add sweeteners to them. Millennial Tea Drinking Stats - Tea continues to gain market share in surprising areas. Thailand leads in bubble tea consumption at an average of 6 cups per person per day. Consumption of sugar sweetened and diet drinks in adults. The drink became popular during the 1990s, just in time for millennials to develop a taste for it. 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 . 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. Were guessing you already know what bubble tea is. Some specialty shops have menus with smaller sizes and prices as low as $2 to $3 per serving. It comes with the additional cost of $2500.00 contact sales. 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. At the end of the day, its not much worse than an occasional soda would be for the average person, but its important to remember to only have bubble tea once in a while. We use cookies to enhance your experience. Bubble tea can be found in over 30 countries. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. Your email address will not be published. Get in touch with us. Tea stands were set up in front of the schools and would compete for business with the best selling tea. Meanwhile, Philippinos drink five cups of this tea per month. The incredible success of bubble tea in China since 1996. However, since the ease of lockdowns, governments have proposed several initiatives and strategies to help the companies in recovering the losses across the globe. Rinse, drain, and refrigerate until chilled. 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). Between 2021 and 2028, the global tea market is expected to grow at a CAGR of 6.6%. For one, there are all of the sweet flavors and fun combinations of ingredients you can get. 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. More Insights into the Bubble Tea Market Report. Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. Furthermore, the shift of millennials toward such products owing to their demand for superior quality tea varieties with unique flavor offerings has aided in the growth. 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 . Boba tea is creating a buzz among individuals worldwide, owing to its growing appeal and novelty. That number increases when you go up in size to 469 calories and only gets worse as you add in more toppings or extra flavors. Clicking on the following button will update the content below. 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. 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. . In-depth analysis and the bubble tea market size and segmentation assists in determining the prevailing bubble tea market opportunities. July 26, 2022 10:30 ET Bubble tea . Since our launch, weve worked on more than 1,000 projects for clients around the world. Revenue in the Tea segment amounts to US$1.40bn in 2023. That means 24 countries have higher consumption rates that are worth targeting. These latest product ranges further act as a marketing strategy to attract a vast consumer base worldwide. Green tea has shown long-term energy inducing properties and has a positive effect on the regulation of body weight. With globalization, new trends have started striking the food service market, thereby influencing the young generation to try new beverages. 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. The 30 Tea Drinkers vs. Coffee Drinkers Statistics. It is made using green tea, white tea, black tea, or oolong tea. In the United States, 95% of women have tried bubble tea versus 81% of males. Boba tea, or "bubble tea," has been around since the late 1980s in Taiwan. Chatime, Gong Cha, Coco Fresh Tea & Juice, and Lollicup USA, Inc. are the leading players in the market. 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. There are 250 different flavors of bubble tea. There are many varieties of the drink with a wide range of ingredients. making yummy bubble tea with BBT Club today. However, the consumption of tea is not as prominent as the popularity of coffee in South American countries such as Argentina and Brazil. 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. Required fields are marked *. 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). 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. Heycha and Yicha both have similar-sounding names and include refreshing fruit teas as part of their star offerings. Your email address will not be published. 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. Bubble tea is a mix of milk, tea, and fruit juice with added bubbly-looking toppings (like tapioca balls). 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. Moreover, zero fat and low calorie contents of . It includes flavor variants such as lychee, mango, passion fruit, peach, plum, strawberry, avocado, banana, grape, kiwi, lemon, and others. In the Philippines alone, orders increased by 3,500 percent from June to December 2018. In relation to total population figures, per person revenues of US$53.14 are generated in 2023. 1. The price might seem high, but you have to consider everything that goes into making it, which includes: On the surface, bubble tea seems like a simple drink. 87% of American millennials drink tea, including bubble tea. Overall, though tea registered. Theres a lot more to bubble tea than meets the eye, and weve discovered all of the reasons that its a global favorite. 12. (World Atlas)3.The USA ranks 11th among the countries with the highest caffeine consumption, with a rate of 200 mg per person per day. Moreover, countries such as Japan, China, the U.S., and Canada are the major consumers of pearl milk tea, and have also experienced a slight dip in their growth due to hindrances in production as well as supply chains during the year 2020-21. 12. Adults' total beverage consumption drops steadily with age. The Asia Pacific bubble tea market is expected to flourish with multiple market opportunities. For people aged 71 or older, the figures were substantially lower, at 1,584 grams and 1,532 grams, respectively. If you love bubble tea and are looking for a make your own bubble tea kit, this is the place! 2023 Allied Market Research. About | Privacy Policy |Contact | Advertise | Support. Premium Statistic Global tea consumption 2012-2025 . BBT Club is Australia's leading DIY bubble tea company for anywhere and anytime. Chocolate flavored milk tea is tremendously popular in which chocolate powder is blended with milk to strengthen its flavor. drinking tea; and the expansion of new products and flavourings, such as ready-to-drink tea, premium tea, and herbal and fruit fusions.15-19 In addition, demand for green tea is expected to outpace demand for black tea.4,12,19 The considerable expansion of sustainable tea products is also worth noting. (Caffeine Informer) Synthetic Food Colors Market Outlook: The global synthetic food colors market size is estimated to be valued at US$ 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. Remarkable job and great efforts by your research team. In the United States, 95% of women have tried bubble tea as opposed to 81% of men. This is for a full-sugar serving that contains 60 g of sugar. Find your information in our database containing over 20,000 reports, Consumer Market Additionally, due to Australia's climate, tea is able to be grown and produced in northern Australia. 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. By component, it is classified into flavor, creamer, sweetener, liquid, tapioca pearls, and others. Read More . The bubble tea market in Thailand is predicted to register an 8.7% CAGR. 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 . Bubble tea, also known as Boba or Boba tea, is rapidly becoming one of the worlds favorite beverages. 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. The report segments the global bubble tea market based on base ingredient, flavors, component, and region. Symptoms of . The data offered to us was exactly what we were looking for. This was attributed due to rise in the consumption of tea based everages across the world. Bubble tea (also known as pearl milk tea, bubble milk tea, boba juice, boba tea, or simply boba) is a Taiwanese tea-based drink invented in Tainan and Taichung in the 1980s. Followed by black tea, the green tea segment is expected to hold a major percentage of the market share. It looks quite comprehensive and the data is exactly what I was looking for. Virtually any flavor that you can imagine exists with bubble tea. In 2020-21, of people aged 18 years and over: 6.4% consumed sugar sweetened drinks daily. The key players alsorelyon product launch to improve their product portfolio and stay relevant in the global market.The key players profiled in thereport include 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, and Troika JC. Furthermore, a decline in the growth of bubble tea consumption is witnessed due to strong restrictions on import and export facilities. The segment will depict a robust 11.8% CAGR and account for more than 26% of the market share. 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. The emerging players in the Bubble Tea Market are Bubble Tea Supply Inc., ChaTime, CoCo Fresh, Quickly, Kung Fu Tea, Boba Loca, Happylemon, Share Tea, T Bun International, Fanale Drinks, Grand Chainly, and Huey-Yuhe Enterprise. These drinks are made with milk tea and tapioca pearls (to make the bubbles), which contain a lot of natural sugar. Bubble tea is known for its sweet taste. 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. In 2004, daily beverage consumption of 19- to 30-year-olds averaged 2,610 grams for men and 2,056 grams for women (Table 1). 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. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. Against this backdrop, the market valuation is projected to reach US$ 245 Mn by 2032. Ready-to-Drink variants are instead aggregated into the segment Ready-to-Drink (RTD) Tea in the Non-Alcoholic Drinks market. The Asia Pacific market held the largest share and was valued at USD 0.90 billion in 2021. The green tea segment was the highest contributor to the market, with $16,362 million in 2019, and is estimated to reach $26,110 million by 2027, at a CAGR of 9.8% during the forecast period. Data at LGA level is also presented. 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. A. For example, according to . Looking forward to work together in the future, It has been a delightful experience working with you guys. (2.Americans rank 25th for coffee consumption per capita, with an average consumption of 4.2 kg per person per year. 1.In 2019, 64% of Americans aged 18 and over drank coffee every day. We calculate that for a 700 ml or 24 oz serving of bubble milk tea, which is usually the large cup size in most boba shops, the total bubble tea calories are 700 kcal. Most other Southeastern Asian countries drink three cups monthly on average. Unilever (Lipton), Associated British Foods (Twinings) and Tata Global Beverages (Tetley) are globally the most important players by revenue. page 1 . The market for Hot Drinks is structured into retail sales for at home consumption and on-premise or foodservice sales for out-of-home consumption. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. 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. For instance, in April 2022, U.S. based start-up namely Bubluv Inc. launched tapioca starch and konjac based bubble tea in three flavors, black milk tea with tapioca pearls, matcha soy latte with tapioca pearls, and oolong guava with tapioca pearls. USD 1,195. Among various flavors, fruit flavor is more popular, and this segment dominated the market in 2019. As a result, other plant-based hot . 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.
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