December 17, 2022. 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. How much sugar was consumed? Theory seemed to meet reality . Thanks for sticking with me in this huge post. 12. It looks quite comprehensive and the data is exactly what I was looking for. The global bubble tea market size was valued at USD 2.17 billion in 2021. Bubble tea truly is an international drink! Bubble tea is drunk by millions of people around the world every single day, even in countries that you might not expect! 9. FB : Beverages| Pages: 261 | Author(s) : Vaibhav S , Roshan D, Single User License, Five User License & Enterprise User License. Virtually any fruit that you can think of can be enjoyed in a bubble tea drink. Bubble tea is a beverage originating from Taiwan comprising tea with fruit syrup or milk added, and then shaken. 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. 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. 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 provides a quantitative analysis of the current bubble tea market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing opportunities. The availability of different types of milk tea offers numerous options for consumers to enjoy. And if you have a sweet tooth, its SO GOOD. Tea consumption per capita in the UK is 1.3 kg for 2019. Over of the bubble tea enjoyed around the world is fruit-flavored. Stir until the sugar has dissolved and the milk is well mixed in. Future Market Insights Global and Consulting Pvt. Chocolate flavored milk tea is tremendously popular in which chocolate powder is blended with milk to strengthen its flavor. Such challenges cumulatively hamper the growth potential of the global market. However, the green tea segment is expected to grow at the highest CAGR throughout the forecast period, owing to growth innumber of health conscious consumers worldwide. 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). 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. For one, there are all of the sweet flavors and fun combinations of ingredients you can get. This is for a full-sugar serving that contains 60 g of sugar. The chewy tapioca balls or pearls are undoubtedly the stars of any bubble tea drink. In 2019, tea revenue globally is about US$214,761m and is expected to grow each year by 6.9% until 2023. The mean age of study participants was 24 years and the age range was 18 or older to younger than 30 years. 4. Based on our analysis, the global market exhibited a slower growth of 2.76% in 2020 as compared to 2019. Tea is the second most popular drink in the world, with water at first place. For example, according to . 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. With 38 grams per 16oz beverage, bubble tea should be enjoyed in moderation. This segment does not include herbal tea, instant tea, iced tea or similar tea-derived Ready-to-Drink beverages. Other players operating in the market are Boba Box Limited, Fokus Inc., Sumos Sdn Bhd, Troika J.C. (Qbubble), and Boba Tea Company. 10. There are 250 different flavors of bubble tea. 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. 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. . 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. Boba tea is creating a buzz among individuals worldwide, owing to its growing appeal and novelty. 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. Health Benefits Associated with Bubble Tea Consumption to Drive the Market Growth . Countries in North America are gradually increasing the consumption of this tea owing to the growing popularity of tea-based drinks. 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 . Were big enough to handle massive projects, and yet also nimble enough to come up with names on demand that hit every time. Victorian Government, Department of Health and Human Services. The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca. Your email address will not be published. The value of its market is estimated to be $5.2 billion. Coffee and tea are the most consumed as well as socially accepted nootropic beverages across the world, and many consumers are highly dependent on such caffeinated drinks before starting their day. A study conducted by the Tea Board of India revealed some interesting consumption patterns among Indian tea drinkers: About 80% tea drinkers in India consume it either with or before breakfast . Brands, such as Koi The Co, Moge Tee, and M.A.D. Consumers are shifting toward natural and organic food and beverage products, which is one of the major factors that would help in the growth of this segment in the market. Today, millennials, zennials, and gen z account for the vast majority of the countrys bubble tea consumption. Green tea. The prevalence of lifestyle disorders such as obesity and diabetes associated with the hectic lifestyle of consumers has nudged them to shift toward healthy drinks, such as ginger tea and boba teas, due to their easy customization. 7.3.9.1. October 26, 2021 13:00 ET | Source: Fortune Business Insights. Synthetic Food Colors Market Outlook: The global synthetic food colors market size is estimated to be valued at US$ 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. Based on the base ingredient, green tea will lead the market growth over the forecast period. Bubble tea is also known as pearl milk tea. If theres one thing you can count on, its that bubble tea is going to be more popular among women than men. Based on bubble tea market forecast, the liquid component was the most prominent segment accounting for the highest share in the bubble tea market. 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. Ask for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-12310. However, excess sugar content in these drinks leading to health issues and trend of coffee consumption are expected to restrict the market growth. In the United States, 95% of women have tried bubble tea as opposed to 81% of men. There are six official types of bubble tea. Bubble Tea Market size was estimated at $2.1 billion in 2020, projected to increase at a CAGR of 6.8% during the forecast period 2021-2026. Resistant Starch Market Size: The resistant starch market is valued at US$ 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. Picture via Instagram/yicha_malaysia and myheycha. Statista. This popular sweetened tea is made up of high-quality milk and tapioca pearls, along with fruit powder, creamer, and sweeteners. US Coffee Statistics. Europe also witnessed growth in the pearl milk tea market around the same time as other Asian countries. 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. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. Data at LGA level is also presented. Sunset Yellow FCF Market Sales: The sunset yellow FCF sales are slated to grow at a CAGR of 6.25% between 2022 and 2032, totaling a market valuation of US$ 150 Mn by 2032. (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. Art & Craft. Apart from the variety of flavors available, one of the primary elements fueling the expansion of bubble tea Industry is the health benefits. The market was expected to reach a valuation of US$ 2.3 Bn by the end of 2021. Although the drink was originally created in Taiwan, its signature ingredient is primarily grown in Nigeria, Thailand, Indonesia, and Brazil. Ltd. 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 of 2021-2031. The drink became popular during the 1990s, just in time for millennials to develop a taste for it. If youre looking for a sweet, refreshing drink that doesnt compromise on flavor or quality, bubble tea is the answer. A typical serving of bubble tea at a chain might cost $3 to $5 for a 16- to 20-ounce cup. The Asia Pacific market held the largest share and was valued at USD 0.90 billion in 2021. Tea is one of the most popular beverages consumed worldwide. Furthermore, a decline in the growth of bubble tea consumption is witnessed due to strong restrictions on import and export facilities. Consumption declines with age. It's the second most-consumed drink in the world, only behind water. We value them as a research company worthy of building long-term relationships., Well done Fortune Business Insights! Over 90% of the tea consumed is Black Tea, about 5% Green Tea, 1% Oolong Tea and the balance flavored, scented, or mixed teas. A 16 oz serving of bubble tea contains 38 grams of sugar, which is 76% of the recommended daily value. 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. . Additionally, they can be ordered with fruit or boba, both of which are high in added sugar. You can find bubble tea in these countries if youre traveling the world: Taiwan, Japan, South Korea, China, United Kingdom, Australia, Canada, United States, Germany, Mauritius, South Africa, Brazil, and more! For instance, in June 2022, Frankly, the first Italian bubble tea chain, witnessed a massive increment of around 148% compared to the previous years via a crowdfunding campaign. All rights reserved. . 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. In addition, aggressive advertisements and celebrity end orsements have also helped the global market to pave its way toward growth. Six in ten (59.7%) did not usually consume either sugar sweetened or diet drinks. The black tea segment is projected to grow at a significant CAGR during the forecast period, owing to its increased preference by health-conscious consumers across every region. Australians drink tea and have afternoon tea and morning tea much the way the British do. Such initiatives further support the immense growth opportunities for the companies. One such brand riding that success locally is Chatime, a Taiwanese-founded bubble tea business which chose Australia as its first-ever Western market almost 10 years ago in 2009. Book your free consultation and let our research experts help you with your needs/problems. In fact, tea was aboard the First Fleet in 1788. 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. In the Tea segment, volume is expected to amount to 18.6mkg by 2025. Besides this, due to its various attributes, such as low-fat and low-calorie content and other several health benefits, such as high antioxidant value, it also boosts the consumption of bubble tea across the domestic and international markets. 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 $3.78 billion by 2029, at a CAGR of 7.40% in the forecast period, 2022-2029, 2020 Fortune Business Insights . This cross-sectional study investigated the association between bubble tea consumption and symptoms of anxiety and depression in a population-based sample. We are happy to help. 10. The outbreak of COVID-19 forced government bodies to impose strict closure of restaurants, farms, and factories to maintain safety measures and implement social distancing. Black tea is the most consumed tea around the world. . Contact Sales for Further Assistance in Purchasing this Report @ https://www.futuremarketinsights.com/checkout/12310. . Because of its proximity to Taiwan, where bubble tea was created, China quickly became a fan of the sweet beverage. The global bubble tea market size was USD 2.1 billion in 2019 and is expected to register a compounded annual growth rate (CAGR) of 8.9% from 2020 to 2027. The global market for organic tea is showcasing strong growth principally because of the growing knowledge regarding safer counterparts of organic products among consumers. Porters five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplierbuyer network. Read More . The current valuation of the market is US$ 2.50 billion in 2022. More Insights into the Bubble Tea Market Report. (Caffeine Informer) Accelerated demand for healthier beverage alternatives to carbonated drinks coupled with shifts in consumer preferences is fueling market growth for bubble tea. Countries such as Vietnam and Taiwan are projected to have the largest sales. 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. Until 2025, the tea market in Philippines is forecast to reach 109.79 million USD (in retail prices), thus increasing at a CAGR of 6.70% per annum for the period 2020-2025. This was attributed to rise in the fitness conscious people across the globe. Future Market Insights Global and Consulting Pvt. Bubble tea is made by adding fruit syrup or milk to (usually cold) tea and then shaking the . But did you know that there are six different types of bubble tea? Bubble Tea is a famous non-alcoholic beverage drink that first . 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). 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. All these aspects necessitate the manufacturers to develop premium quality teas by keeping the consumer demands in mind. Some of the most popular fruit flavors include strawberry, blueberry, green apple, pineapple, passion fruit, mango, lemon, watermelon, grape, peach, cantaloupe, banana, and kiwi among others. 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. By sugar content, reduced sugar/sugar-free category will gain traction over the forecast period. Moreover, zero fat and low calorie contents of . According to a recent consumer study, 94% of people between ages 20 and 29 have purchased bubble tea within the last 3 months. The bubble tea market in Thailand is predicted to register an 8.7% CAGR. The global bubble teamarket holds a substantial scope for growthduring the forecast period. The average volume per person in the Tea segment is expected to amount to 0.68kg in 2023. This has led to transportation delays and the functioning of both supplies (tea estates) and demand for consumption points to a standstill due to shortage of manpower and reduced visits of customers to coffee shops amidst the lockdown. Fruit Flavor Segment is Dominating Backed by High Consumer Preference. These latest product ranges further act as a marketing strategy to attract a vast consumer base worldwide. Rising consumption of tea and coffee as nootropic drinks among students and working-class population is a key factor for the market growth. We dont recommend anyone making it a daily indulgence. An average, medium-sized serving of bubble tea has, on average, 335 calories. An Infographic Representation of Bubble Tea Market, To get information on various segments, share your queries with us. It's common for bubble tea brands to include "cha" in their names, which means "tea" in Chinese. The consumption of organic tea rose by 1.06 million gallons in 2018. Thailand leads in . A. Moreover, higher expenditure of consumers on healthy beverages adds to the popularity of bubble tea in theregion. 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. According to the report, bubble tea orders had increased at a whopping 3,000 percent in 2018. Let's assume that the daily maintenance calories for an average adult man are 2,500 kcal, and for an average adult . The 30 Tea Drinkers vs. Coffee Drinkers Statistics. This can be attributed to rise in the popularity of bubble tea with black tea as a base ingredient across the globe. Between 2021 and 2028, the global tea market is expected to grow at a CAGR of 6.6%. 1 2 3 8. 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! Statista. Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. In 2016, 19.4 per cent of The campaign will be extended due to the tremendous profit achieved, which motivates the company to broaden its product offerings and brand position. Bubble tea is also known as (Zhen Zhu Nai Cha) directly translates to pearl milk tea, but is also known as boba tea in . 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. Followed by Asia Pacific, the North America bubble tea market share emerged to be the second-largest and is likely to maintain its position throughout the forecast period. 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. 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.
Jenny Walton And Scott Schuman,
Carlsbad Unified Salary Schedule,
Tom Holland Personality Type 16 Personalities,
Articles B