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Companies in the Industry are Aggressively Expanding their Franchisees to Cater to the Growing Demand. 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 . Bubble milk tea has emerged as one of Gen Zs trademarks as its consumption is highly witnessed by the young generation as compared to any other age group. According to a recent consumer study, 94% of people between ages 20 and 29 have purchased bubble tea within the last 3 months. As a result, other plant-based hot . If you love bubble tea and are looking for a make your own bubble tea kit, this is the place! . The report covered all the points and was very detailed. The outbreak of COVID-19 forced government bodies to impose strict closure of restaurants, farms, and factories to maintain safety measures and implement social distancing. Healthy Drinking to Spur Bubble Tea Market Demand through 2030, Future 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. Aug 24, 2022 03:14pm. Consumption declines with age. 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. 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. The U.S. market is anticipated to register a prolific CAGR of 12.4% over the forecast period. Our objective was to assess the nutritional profile of popular menu items available through OFD applications in Bangkok, Thailand. The chewy tapioca balls or pearls are undoubtedly the stars of any bubble tea drink. Methods: Self-report questionnaires were used to assess bubble tea consumption and mental status. Malaysia Coffee & Tea Reports: Our 2023 Malaysia report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Coffee & Tea market. 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. Philippines: Tea Market and the Impact of COVID-19 on - market research Tea is considered the second most popular drink of choice worldwide. +44 208 097 3636. Bubble tea made a rise in popularity in 2018 with a 3000% increase in orders from Southeast Asia. Fruit-flavored bubble teas account for the largest percentage of bubble tea consumed at 37%. Furthermore, there has been an increase in boba stores in the U.S. and Canada, owing to the shift in consumer preferences toward no andlow-alcohol beverages, which has further contributed to the market growth. 87% of American millennials drink tea, including bubble tea. 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! The research report includes quantitative and qualitative insights into the market. Theory seemed to meet reality . 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. The specialty of milk tea is growing due to its ease of customization with various tea bases and toppings such as jellies, fruit bits, syrups, and tapioca balls. In the Tea segment, volume is expected to amount to 18.6mkg by 2025. 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 $3.78 billion by 2029, at a CAGR of 7.40% in the forecast period, 2022-2029, 2020 Fortune Business Insights . 10. This is likely due to its naturally sweet flavor and all of the different varieties of teas that are available. The market is expected to grow at a CAGR of 7.40%, during the forecast period. Quinoline Yellow WS Market Analysis: The global quinoline yellow WS (water soluble) market is projected to reach a valuation of US$ 28.5 Mn in 2022, growing at a CAGR of 3.9% between 2022-2032. 04 For a short time in 2012, all 800 branches of McDonalds in Germany sold bubble tea. Tea in Kenya. 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. Adolescents drink too much caffeine - Medical News Today 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. The report was very accurate and as per my requirements. Heycha and Yicha both have similar-sounding names and include refreshing fruit teas as part of their star offerings. Ready to drink tea products have seen a 15x increase in sales and consumption since 2004. Get a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12310. This segment does not include herbal tea, instant tea, iced tea or similar tea-derived Ready-to-Drink beverages. 297 billion liters of tea were consumed worldwide in 2021. The segment is expected to display an 11.4% CAGR, and account for more than 38% of the global market share. Manufacturers are capitalizing on improving the functionality of boba drinks ingredients to cater to the rising demand from consumers. Meanwhile, Philippinos drink five cups of this tea per month. 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. Tea Drinkers vs. Coffee Drinkers: 30 Statistics to Know in 2023 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. Bubble tea consumption and its association with mental health - PubMed Blog - Pearl Lemon Boba | All About Bubble Tea It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years. Asia Pacific is expected to dominate the market during the forecast period. How much sugar was consumed? India is currently 1-0 up in the series, which has seen Indian spinners dominating both the tests in Nagpur and Delhi. Moreover, increase in disposable income and economic growth in advanced & emerging economies support the market growth. It comes with the additional cost of $2500.00 contact sales. In this era, the growing consumer preferences for products depend on various factors such as choice of taste, price, brand, and location accessibility. 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. 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. PDF Global Market Report: Tea - International Institute for Sustainable For instance, in September 2020, Chen Shucheng started a new bubble milk tea franchise in Singapore called Meme Xpress. A typical serving of bubble tea at a chain might cost $3 to $5 for a 16- to 20-ounce cup. 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. In 2016, 19.4 per cent of Tea stands were set up in front of the schools and would compete for business with the best selling tea. It is made using green tea, white tea, black tea, or oolong tea. . 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. The data says that for every additional 1% of expats living in a postcode, we should expect the probability of a bubble tea shop in that postcode to increase by 0.0091 from a baseline of -0.2089. Bubble tea consumption gender-wise: According to the statistics, bubble tea is a favorite drink of women. 7.3.9.1. Countries in North America are gradually increasing the consumption of this tea owing to the growing popularity of tea-based drinks. According to the bubble tea market share, based onflavor, the fruit flavor segment was the most prominent segment accounting for the highest share in the bubble tea market, in 2019. The bubble tea industry was valued at $2.2 billion in 2019. Its not just the sugar that gives these drinks their sweetness, though; many restaurants also add sweeteners to them. Bubble Tea Market Analysis, Growth & Forecast 2027 - Yahoo! Moreover, zero fat and low calorie contents of . 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. In 2020, China dominated the tea market with 78.7 billion US dollars of revenue. For instance, in September 2021, Dubai witnessed the opening of various new tea outlets serving bubble tea across the country. Find the most up-to-date statistics and facts on the tea market in Canada. This is a list of countries ordered by annual per capita consumption of tea, as of 2016. Chatime, Gong Cha, Coco Fresh Tea & Juice, and Lollicup USA, Inc. are the leading players in the market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes. Thailand leads in bubble tea consumption at an average of 6 cups per person per day. Countries such as Vietnam and Taiwan are projected to have the largest sales. To understand the global market potential, growth, and scope, the market is segmented based on base ingredients (black tea, green tea, oolong tea, white tea, others), flavor (original, flavored (nut-flavored, chocolate, fruit, honey, mocha, caramel, vanilla, coconut), sugar content (regular, reduced sugar/sugar-free) format (ready-to-drink, instant mixes), toppings (pearl, grass jelly, coconut jelly, red bean, multiple/ others), distribution channel (direct (B2B), indirect (B2C) (hypermarket/ supermarket, convenience store, grocery retailers, wholesale, other store-based retailing), online retailing), and region. Bubble Tea is a famous non-alcoholic beverage drink that first . Which region held the highest share in the market? 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. 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. Deep Vein Thrombosis (DVT) Therapy Market Valuation Worldwide 2023 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. In the Philippines alone, orders increased by 3,500 percent from June to December 2018. Remarkable job and great efforts by your research team. Picture via Instagram/yicha_malaysia and myheycha. Emerging countries such as China, India and Brazil growing with the CAGR of 8%, 9.5%, and 8.3% respectively. The region is witnessing a cross-cultural food consumption trend, and the growing health and wellness approach is also expected to boost the growth. 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! Tea is one of the most popular beverages consumed worldwide. Bubble tea brands expected to produce novel and unique products over the forecast period. 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. 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. 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 ($5.1 . The global bubble tea market size was valued at USD 2.17 billion in 2021. drinking tea; and the expansion of new products and flavourings, such as ready-to-drink tea, premium tea, and herbal and fruit fusions.15-19 In addition, demand for green tea is expected to outpace demand for black tea.4,12,19 The considerable expansion of sustainable tea products is also worth noting. Additionally, due to Australia's climate, tea is able to be grown and produced in northern Australia. NEWARK, Del, July 26, 2022 (GLOBE NEWSWIRE) -- The global bubble tea market is projected to reach a value of US$ 5.5 Bn by 2031, with sales growing at a robust CAGR of 8.8% for the forecast period . Get in touch with us. Studies showed that green tea-based milk tea is proven to be beneficial for lowering blood pressure and the risk of cancer. The consumption of organic tea rose by 1.06 million gallons in 2018. Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. The bubble tea industry is expected to reach $3.39 billion by 2027. 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. The segment will depict a robust 11.8% CAGR and account for more than 26% of the market share. The black tea segment is expected to be the leading segment in the global market. However, since the ease of lockdowns, governments have proposed several initiatives and strategies to help the companies in recovering the losses across the globe. It is expected to be the fastest growing segment owing to consumers' inclination towards the convenience offered. 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 2018, there were over 450,000 shops selling bubble tea in China. Overall, though tea registered. 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 size of the global Bubble Tea Market in 2019 was $2,407.6 million. Originating in Taiwan, the drink typically consists of tea, milk/cream, and sugar accompanied by tapioca pearls. https://www.grandviewresearch.com/industry-analysis/bubble-tea-market, https://foodinstitute.com/focus/survey-millennials-gen-z-big-fans-of-bubble-tea/, https://youthinsight.com.au/brands/more-girls-aware-of-bubble-tea-than-boys/, https://www.cnn.com/travel/article/taiwan-bubble-tea-origins/index.html, https://www.duluthnewstribune.com/8-things-you-might-not-know-about-bubble-tea-and-other-unexpected-holidays-this-week, https://www.fortunebusinessinsights.com/industry-reports/bubble-tea-market-101564, https://www.organicfacts.net/health-benefits/herbs-and-spices/bubble-tea.html, https://chinamarketadvisor.com/what-is-boba-and-why-is-it-so-popular/, https://theaseanpost.com/article/southeast-asias-bubble-tea-craze, https://www.worldteanews.com/Insights/millennials-and-gen-z-drive-21st-century-tea-preferences, https://www.honestfoodtalks.com/bubble-tea-flavors-boba-toppings/, https://www.healthline.com/nutrition/boba-cancer, https://mtalvernia.sg/education/whats-in-my-bubble-tea/, Tea thats infused with milk or another liquid, Artificial sweetener like stevia or sugar (more on this below), Special straws designed to make the best bubbles possible. China is one of the prominent regions in the market that accounted for a sizeable share of the total market in 2019. There are many varieties of the drink with a wide range of ingredients. By continuing to visit this site you agree to our use of cookies . Bubble Tea Popularity Statistics Singapore - Emkan.me Industrial Alcohol Market Volume: The global industrial alcohol market size is set to be valued at US$ 110.3 Bn in 2022 and it is expected to grow at a CAGR of 7.6% from 2022 to 2032. Bubble Tea Market Analysis, Growth & Forecast 2027 | Major This is for a full-sugar serving that contains 60 g of sugar. Over 95% of females in the united states have tried bubble tea, while 81% of males . By 2025, 70% of spending and 10% of volume consumption in the Tea . Your email address will not be published. Such initiatives further support the immense growth opportunities for the companies. Bubble Tea Market - Persistence Market Research Virtually any flavor that you can imagine exists with bubble tea. As more and more countries discover the delicacy that is bubble tea, these figures are sure to continue growing. Commentary: The curious case of Singapore's devotion to bubble tea A 16 oz serving of bubble tea contains 38 grams of sugar, which is 76% of the recommended daily value. 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. Thank you Fortune Business Insights for your efforts and prompt response, I had a great experience working with Fortune Business Insights. 12. They are made from cassava starch, a common ingredient in Brazilian culture, and they take time, effort, and skill to make properly. Bubble tea, also known as Boba or Boba tea, is rapidly becoming one of the worlds favorite beverages. 30.7% of Victorian adults consumed sugar-sweetened soft drinks at least once a week. Contact Sales for Further Assistance in Purchasing this Report @ https://www.futuremarketinsights.com/checkout/12310. USD 1,195. The Bubble Tea Club Kit has everything you need to make delicious homemade bubble tea. Australians drink tea and have afternoon tea and morning tea much the way the British do. The global market is projected to reach US$ 194.7 Bn by 2032. 03 Locally called "po po ch," Singapore has sold bubble tea since 1992. Bubble tea is a sweet, delicious drink typically made from a tea base that is then mixed with either milk or fruit flavoring. The major countries in each region are mapped according to their revenue contribution to the global bubble tea market. 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). Malaysia has 74 bubble tea brands, can you tell them all apart? Coffee Consumption Statistics: 2021 - Urban Bean Coffee Join over 60,000 Bubblers (that's what we call our lovely customers!) The article shared insights on the bubble tea craze in Southeast Asia. We dont recommend anyone making it a daily indulgence. 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. With bubble teas sudden increase in popularity, it should be no surprise that the industry is only expected to keep growing. Singapore market is forecasted to grow at a CAGR of 10.7%.