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How much is the global bubble tea market worth? China is projected to exhibit a 7.5% CAGR. 04 For a short time in 2012, all 800 branches of McDonalds in Germany sold bubble tea. We use cookies to enhance your experience. The report was very accurate and as per my requirements. The Middle East & Africa showcases a slower growth as pearl milk tea is consumed as a social drink or as a gesture of hospitality. At what CAGR is the bubble tea market projected to grow in the forecast period (2022-2029)? "Market Intelligence that Adds Flavour to Your Success", Region : Global | Format: PDF | Report ID: FBI101564. In 2020, China dominated the tea market with 78.7 billion US dollars of revenue. A South Australian Health Omnibus Survey (SAHOS) done in 2014 showed that there was a . Businesses that sell bubble tea (including those that serve other drinks, such as coffee and smoothies) face a lot of competition since there are many places where customers can find the same drink. 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. Bubble tea is a sweet, delicious drink typically made from a tea base that is then mixed with either milk or fruit flavoring. Accelerated demand for healthier beverage alternatives to carbonated drinks coupled with shifts in consumer preferences is fueling market growth for bubble tea. The market is expected to grow annually by 2.61% (CAGR 2023-2025). The demand for bubble tea is predicted to grow at an impressive rate. (2.Americans rank 25th for coffee consumption per capita, with an average consumption of 4.2 kg per person per year. Background: Bubble tea has become enormously popular in China in recent years. Versatility in flavor, health benefits, and social media trends drive the market. Sometimes they are blended with ice to give them a more slushy-like consistency. Over 95% of females in the united states have tried bubble tea, while 81% of males . 10. [1] 8. Tea is the second most popular drink in the world, with water at first place. Request a Free sample to learn more about this report. Almost overnight bubble tea shops popped up around the world in multiple countries that had never had an interest in it before. Bubble Tea History But in case you dont Its tea served with a giant chewy ball of tapioca at the bottom of the cup. Brands, such as Koi The Co, Moge Tee, and M.A.D. 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. Organic Tea Market Size, Share and Growth [2020-2027] Is Running A Bubble Tea Business In S'pore Actually Lucrative? The industry shows no signs of slowing down, and in fact, appears to be growing exponentially with every passing year. All Rights Reserved. The types include milk tea, black tea, fresh fruit tea, smoothies or milkshakes, fresh milk, and salted cream. Meanwhile, Philippinos drink five cups of this tea per month. In the next five years, the bubble tea industry is expected to grow by nearly 54%. 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. Choice Reviews Reveal Australian Tea Trends | World Tea News What are the key factors driving the market? For instance, in September 2020, Chen Shucheng started a new bubble milk tea franchise in Singapore called Meme Xpress. SOURCES OF FREE SUGARS - Australian Bureau of Statistics 9. December 17, 2022. 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. 297 billion liters of tea were consumed worldwide in 2021. Singapore market is forecasted to grow at a CAGR of 10.7%. Based on our analysis, the global market exhibited a slower growth of 2.76% in 2020 as compared to 2019. Some specialty shops have menus with smaller sizes and prices as low as $2 to $3 per serving. Adults' total beverage consumption drops steadily with age. Required fields are marked *. Jan 2023. 7.1% consumed diet drinks daily. However, since the ease of lockdowns, governments have proposed several initiatives and strategies to help the companies in recovering the losses across the globe. About | Privacy Policy |Contact | Advertise | Support. The region is witnessing a cross-cultural food consumption trend, and the growing health and wellness approach is also expected to boost the growth. In global comparison, most revenue is generated in China (US$111,800.00m in 2023). NEWARK, Del, July 26, 2022 (GLOBE NEWSWIRE) -- The global bubble tea market is projected to reach a value of US$ 5.5 Bn by 2031, with sales growing at a robust CAGR of 8.8% for the forecast period . Consumption declines with age. Tartrazine Market Trend: Global tartrazine market is projected to reach a valuation of US$ 120 Mn in 2022, with demand growing at a 7.0% CAGR over the forecast period. Each . Pune, India, Oct. 26, 2021 (GLOBE NEWSWIRE) -- The global bubble tea market size is expected to reach USD 3.39 billion by 2027 . Moreover, rise in consumption of flavored bubble tea in young generation fuels thebubble tea market growth. It's common for bubble tea brands to include "cha" in their names, which means "tea" in Chinese. 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 . Contact Sales for Further Assistance in Purchasing this Report @ https://www.futuremarketinsights.com/checkout/12310. The growing interest of consumers in innovative beverages with bold flavors and their willingness to experiment with various flavors is captivating the consumers attention, which contributes to fueling the market growth. (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, increase in disposable income and economic growth in advanced & emerging economies support the market growth. Rinse, drain, and refrigerate until chilled. Aug 16, 2022, 1:25 PM SGT. Future Market Insights Global and Consulting Pvt. 'Revenge bubble tea drinking': Shanghai awakes from Covid lockdown 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. In the United States, 95% of women have tried bubble tea versus 81% of males. 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. 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. The Asia Pacific bubble tea market is expected to flourish with multiple market opportunities. Thank you for contacting us, our sales representative will get in touch with you shortly! For one, there are all of the sweet flavors and fun combinations of ingredients you can get. 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. 19 Shocking Tea Consumption Statistics - BrandonGaille.com According to a study published in the National Library of Medicine, 2022, chewing tapioca pearls can increase the salivary C-protein (CRP) and calcium (Ca) levels. Virtually any flavor that you can imagine exists with bubble tea. As a result, other plant-based hot . 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. Methods: Self-report questionnaires were used to assess bubble tea consumption and mental status. With bubble teas sudden increase in popularity, it should be no surprise that the industry is only expected to keep growing. Bubble tea can be found on every continent today, except for Antarctica, of course! Need to talk to an expert? Tapioca balls or "pearls" are often added to the concoction as well. Countries in North America are gradually increasing the consumption of this tea owing to the growing popularity of tea-based drinks. 15 Tea Statistics and Facts to Know in 2023: Fascinating Data! Tea Statistics | Consumption & 2023 Industry Data - Your Best Digs One cup of tea is assumed to contain 2 grams of tea. For those looking to cut back on sugar, bubble tea may not be the best choice. Published. Bubble tea . Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes. 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. 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. Bubble tea brands expected to produce novel and unique products over the forecast period. Australia: 0.75 kg (1.65 lb) 17 How Much Is the Bubble Tea Industry Worth. CXOs from the leading companies perceive that product innovation, development of newer flavor, and use of organic preservatives & color in the manufacturing process are the major areas of growth for the bubble tea market. Bubble Tea Market Sale, Share, Size, Growth & Forecast -2032 Picture via Instagram/yicha_malaysia and myheycha. 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. Whether youre feeling something sweet, fruity, and refreshing, something soothing and tea-like, or a slushy smoothie like-drink, bubble tea has you covered. Australians drink tea and have afternoon tea and morning tea much the way the British do. 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. 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. While bubble tea is enjoyed by people of all ages, it tends to be a global favorite among younger people. I hope you learned something from it, even if it was that you should lay off the bubble tea because really, you probably have had enough of that stuff by now. Tea stands were set up in front of the schools and would compete for business with the best selling tea. Blog - Pearl Lemon Boba | All About Bubble Tea Art & Craft. For instance, the base ingredients required for the preparation of black or green tea are exported from India, but due to the imposed regulations, companies were unable to process the demands of the manufacturers. 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. 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. In the Tea segment, volume is expected to amount to 18.6mkg by 2025. The other players operating in the global bubble tea market are Bubble Tea Supply Inc., ChaTime, CoCo Fresh, Quickly, Kung Fu Tea, BobaLoca, Happylemon, Share Tea, T Bun International, Fanale Drinks, Grand Chainly, and Huey-Yuhe Enterprise. It also offers a detailed analysis of the market size and growth rate for all possible market segments. 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! The Asia Pacific market held the largest share and was valued at USD 0.90 billion in 2021. Additionally, they can be ordered with fruit or boba, both of which are high in added sugar. It is expected to be the fastest growing segment owing to consumers' inclination towards the convenience offered. Theory seemed to meet reality . All rights reserved. Consumer Shift toward Healthy Alternatives to Favor Growth. Bubble tea is made by adding fruit syrup or milk to (usually cold) tea and then shaking the . 5. From Farmer Welfare and Supply Chain to the Latest Trends, Tea Experts Share Insights. 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. 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. Six in ten (59.7%) did not usually consume either sugar sweetened or diet drinks. Bubble Tea originated in Taiwan in the early 1980's at a small tea stand. The report covered all the points and was very detailed. 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 . 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. 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. 4. 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. Alcoholic Tea Market 2023: Research, Analysis, Trends, If you love bubble tea and are looking for a make your own bubble tea kit, this is the place! Insights. Between 2021 and 2028, the global tea market is expected to grow at a CAGR of 6.6%. 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. 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. 11.2% of Victorian adults consume sugar sweetened beverages daily. Symptoms of . A. Bubble tea is also known as (Zhen Zhu Nai Cha) directly translates to pearl milk tea, but is also known as boba tea in . Interesting Facts. 02 Each tapioca ball has 5 to 14 calories. Graph. Nevertheless, manufacturers are trying to introduce new beverage options, such as bubble milk tea, in the market. Among various flavors, fruit flavor is more popular, and this segment dominated the market in 2019. 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 is known for its sweet taste. Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-12310, Explore FMIs Extensive Coverage on Food and Beverage Domain. A. Bubble milk teas surge in popularity is mainly attributed to taste, affordability, and the rising reinvention of the basic tea recipe. The global bubble teamarket holds a substantial scope for growthduring the forecast period. It includes flavor variants such as lychee, mango, passion fruit, peach, plum, strawberry, avocado, banana, grape, kiwi, lemon, and others. Its not just the sugar that gives these drinks their sweetness, though; many restaurants also add sweeteners to them. Green tea. All these aspects necessitate the manufacturers to develop premium quality teas by keeping the consumer demands in mind. S-E Asia spent $5b on bubble tea in 2021; Indonesia tops list: Report Tea Drinkers vs. Coffee Drinkers: 30 Statistics to Know in 2023 Statista. 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. 32 Tempting Tea Statistics for a Healthier 2022 - ComfyLiving Save my name and email in this browser for the next time I comment.