With globalization, new trends have started striking the food service market, thereby influencing the young generation to try new beverages. The market is expected to grow annually by 2.61% (CAGR 2023-2025). Green tea. Moreover, European and other Scandinavian countries are prominent followers of tea and coffee cultures, and thus are keenly interested in experimenting with new types of fruity flavors, herbal, and pearl milk teas. 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. Art & Craft. Black tea is the most consumed tea around the world. Tea Drinkers vs. Coffee Drinkers: 30 Statistics to Know in 2023 Originating in Taiwan, the drink typically consists of tea, milk/cream, and sugar accompanied by tapioca pearls. . Ltd. 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. For instance, in September 2020, Chen Shucheng started a new bubble milk tea franchise in Singapore called Meme Xpress. 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. Bubble tea brands expected to produce novel and unique products over the forecast period. In its latest report, FMI offers an unbiased analysis of the global bubble tea, providing historical data from 2016 to 2020 and forecast statistics for the period 2021-to 2031. +44 208 097 3636. It's the second most-consumed drink in the world, only behind water. Tea in Australia | Market Research Report | Euromonitor Between 2021 and 2028, the global tea market is expected to grow at a CAGR of 6.6%. Southeast Asians spend US$3.66 billion on bubble tea annually: Study Bubble tea is a beverage originating from Taiwan comprising tea with fruit syrup or milk added, and then shaken. Brands such as CHATIME and Bubbolitas established their first production units of boba drinks in 2009, and since then, the market has witnessed a growth trajectory. As more and more countries discover the delicacy that is bubble tea, these figures are sure to continue growing. The report covered all the points and was very detailed. Just over half (52%) of all free sugars consumed were from beverages, led by soft drinks, sports and energy drinks (19%), fruit juice and fruit drinks (13%), with the sugar added to beverages such as tea and coffee contributing 7.3% and . Bubble Tea originated in Taiwan in the early 1980's at a small tea stand. The current valuation of the market is US$ 2.50 billion in 2022. 6. It looks quite comprehensive and the data is exactly what I was looking for. making yummy bubble tea with BBT Club today. 9. Australia . Some specialty shops have menus with smaller sizes and prices as low as $2 to $3 per serving. Synthetic Food Colors Market Outlook: The global synthetic food colors market size is estimated to be valued at US$ 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. The price for bubble tea depends on where you get it. 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. Bubble Tea Market Analysis, Growth & Forecast 2027 | Major This growth is fueled by the perceived health benefits of green tea. 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. Because of its proximity to Taiwan, where bubble tea was created, China quickly became a fan of the sweet beverage. Sugary drink consumption data Tea, from the plant Camellia sinensis, is consumed in different parts of the world as green, black, or Oolong tea.Among all of these, however, the most significant effects on human health have been observed with the consumption of green tea [].The first green tea was exported from India to Japan during the 17th century. As more and more consumers become aware of the negative effects of sugar consumption, the sugar-free or reduced sugar segment of bubble tea is expected to gain popularity. Tea consumption per capita in the UK is 1.3 kg for 2019. Bubble Tea Market Share, Size and Industry Growth Analysis 2021-2026 Jan 2023. 01 The first bubble tea came out in the early 1980s. Health Reports: Beverage consumption of Canadian adults: Findings 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. 87% of American millennials drink tea, including bubble tea. 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 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. Methods: Self-report questionnaires were used to assess bubble tea consumption and mental status. Although the drink was originally created in Taiwan, its signature ingredient is primarily grown in Nigeria, Thailand, Indonesia, and Brazil. Request Now ! This can be attributed to change in preference of consumers toward healthy beverages and better taste. Save my name and email in this browser for the next time I comment. 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. Bubble tea, also known as Boba or Boba tea, is rapidly becoming one of the worlds favorite beverages. Find the most up-to-date statistics and facts on the tea market in Canada. And if you have a sweet tooth, its SO GOOD. The two businesses are known for their zingy fruit tea drinks. The global COVID-19 pandemic has been unprecedented and staggering, with bubble tea experiencing lower-than-anticipated demand . Sometimes they are blended with ice to give them a more slushy-like consistency. Apart from this, coffee flavor is also anticipated to hold a strong market share in the forecast period owing to the escalated demand for coffee as a healthy beverage. While bubble tea is enjoyed by people of all ages, it tends to be a global favorite among younger people. The U.S. market is anticipated to register a prolific CAGR of 12.4% over the forecast period. Consumption of black tea is highly promoted due to its strong antioxidant, anti-aging, and anti-diabetic properties. Additionally, due to Australia's climate, tea is able to be grown and produced in northern Australia. Its iced or hot black or green tea mixed with chewy tapioca balls that are often flavored. 84% of the tea that is consumed is black tea. Very Popular Bubble Tea - Allrecipes | Source: Gain competitive intelligence about market leaders; Track key industry trends, opportunities and threats; Inform your marketing, brand, strategy and market development, sales and supply functions 11.2% of Victorian adults consume sugar sweetened beverages daily. 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. Ready to drink tea products have seen a 15x increase in sales and consumption since 2004. If theres one thing you can count on, its that bubble tea is going to be more popular among women than men. Australia: 0.75 kg (1.65 lb) 17 2016. Bubble milk tea has emerged as a cultural icon for the world and symbolizes Taiwans food innovation to promote its existence amidst the food service industry. Awareness about health issues and their relation to meat consumption has resulted in a shift towards vegan and plant-based diets. The types include milk tea, black tea, fresh fruit tea, smoothies or milkshakes, fresh milk, and salted cream. 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). Statista. In global comparison, most revenue is generated in China (US$111,800.00m in 2023). Bubble tea has been gaining traction in emerging markets, owing to rise in its popularity.Furthermore, growth in health consciousness and increase in adoption of healthy beverages such as green tea, black tea, oolong tea, and white tea among consumers drive the market growth. Boba tea, or "bubble tea," has been around since the late 1980s in Taiwan. Stir until the sugar has dissolved and the milk is well mixed in. The specialty of milk tea is growing due to its ease of customization with various tea bases and toppings such as jellies, fruit bits, syrups, and tapioca balls. With bubble teas sudden increase in popularity, it should be no surprise that the industry is only expected to keep growing. There are six official types of bubble tea. We are happy with the professionalism of your in-house research team as well as the quality of your research reports. By component, it is classified into flavor, creamer, sweetener, liquid, tapioca pearls, and others. Thailand leads in . Heycha and Yicha both have similar-sounding names and include refreshing fruit teas as part of their star offerings. 12 Consumption and Demand Forecast 12.1 Global Forecasted Demand Analysis of Deep Vein Thrombosis (DVT) Therapy 13 Forecast by Type and by Application (2023-2028) 13.1 Global Production, Revenue . The market was expected to reach a valuation of US$ 2.3 Bn by the end of 2021. Tea is a beverage made by pouring hot water over cured leaves. But in case you dont Its tea served with a giant chewy ball of tapioca at the bottom of the cup. Companies, such as Lollicup U.S.A. Inc., Gong Cha, Chatime, and others, have invested in research and development activities to offer new variants of tea for a growing market. It is expected to be the fastest growing segment owing to consumers' inclination towards the convenience offered. Girls and women are the primary demographic among bubble tea drinkers, with 95% having tried it. 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. Tea is the second most popular drink in the world, with water at first place. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. 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). For example, according to . To get the sample of bubble tea market report, click on the link (Please paste the link here). S-E Asia spent $5b on bubble tea in 2021; Indonesia tops list: Report 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. Press release from: Analytics Market Research. Whether youre feeling something sweet, fruity, and refreshing, something soothing and tea-like, or a slushy smoothie like-drink, bubble tea has you covered. Why buy this report? Bubble Tea Popularity Statistics Singapore - Emkan.me The campaign will be extended due to the tremendous profit achieved, which motivates the company to broaden its product offerings and brand position. The size of the global Bubble Tea Market in 2019 was $2,407.6 million. Tea stands were set up in front of the schools and would compete for business with the best selling tea. Bubble tea is drunk by millions of people around the world every single day, even in countries that you might not expect! Six in ten (59.7%) did not usually consume either sugar sweetened or diet drinks. 15 Tea Statistics and Facts to Know in 2023: Fascinating Data! 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. Toss in the pearl tapioca. We value them as a research company worthy of building long-term relationships., Well done Fortune Business Insights! Were guessing you already know what bubble tea is. 8. Read More . Meet one of Australia's fastest-growing franchises: How Chatime is Meanwhile, Philippinos drink five cups of this tea per month. Based on the distribution channel, online retailing is expected to exhibit a CAGR of 11.9%. 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. Most bubble tea recipes contain a tea base mixed with fruit or milk, to which chewy tapioca balls (known as bubbles, pearls, or boba) and fruit jelly are often added. Revenue in the Tea segment amounts to US$1.40bn in 2023. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Bubble tea consumption gender-wise: According to the statistics, bubble tea is a favorite drink of women. 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 .
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