In the next five years, the bubble tea industry is expected to grow by nearly 54%. The market is anticipated to be valued at US$ 46.0 Mn in 2032. Moreover, the availability of suitable alternatives, such as unsweetened tea, coconut water, fruit-infused teas, and others, offering similar benefits, hamper the global market growth. Join over 60,000 Bubblers (that's what we call our lovely customers!) The drink became popular during the 1990s, just in time for millennials to develop a taste for it. The key players in the industry receiving high levels of popularity and response from customers are franchising their businesses into different locations. 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. 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. Looking forward to work together in the future, It has been a delightful experience working with you guys. Cook for about 20 minutes. 2023 Allied Market Research. By base ingredient, it is divided into black tea, green tea, oolong tea, and white tea. Thank you Fortune Business Insights for your efforts and prompt response, I had a great experience working with Fortune Business Insights. 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. 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. Bubble tea shops, or Boba tea as it is frequently called in America, can be found in almost every major city across the country. In theory, the bubble tea pearls could stick together and form rather difficult to pass blobs, especially when other ingredients are making them thicker and sturdier. Adolescents drink too much caffeine - Medical News Today 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. While bubble tea is enjoyed by people of all ages, it tends to be a global favorite among younger people. Southeast Asians spend US$3.66 billion on bubble tea annually: Study Countries in North America are gradually increasing the consumption of this tea owing to the growing popularity of tea-based drinks. Pune, India, Oct. 26, 2021 (GLOBE NEWSWIRE) -- The global bubble tea market size is expected to reach USD 3.39 billion by 2027 . Over 95% of females in the united states have tried bubble tea, while 81% of males . Bubble Tea History Rinse, drain, and refrigerate until chilled. 10. Bubble tea consumption statistics - pearllemonboba.com 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. 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. Bubble Tea is a famous non-alcoholic beverage drink that first . Coffee shop. 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. It looks quite comprehensive and the data is exactly what I was looking for. It includes flavor variants such as lychee, mango, passion fruit, peach, plum, strawberry, avocado, banana, grape, kiwi, lemon, and others. A. Bubble tea got its name from the tapioca balls because when theyre added to the drink and shaken, the balls expand and pop, creating a popping soundor bubbling.. Apart from the variety of flavors available, one of the primary elements fueling the expansion of bubble tea Industry is the health benefits. Tea Drinkers vs. Coffee Drinkers: 30 Statistics to Know in 2023 Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. The price for bubble tea depends on where you get it. Were big enough to handle massive projects, and yet also nimble enough to come up with names on demand that hit every time. Such initiatives further support the immense growth opportunities for the companies. Modern Asian Desserts, expanded its business in the country by introducing various boba milk tea outlets. Get a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12310. 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. 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 global comparison, most revenue is generated in China (US$111,800.00m in 2023). Malaysia Coffee & Tea Reports: Our 2023 Malaysia report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Coffee & Tea market. Beneficial effects of green tea: A literature review - PMC A. Online retailing is predicted to register an 11.9% CAGR. PDF Global Market Report: Tea - International Institute for Sustainable The chewy tapioca balls or pearls are undoubtedly the stars of any bubble tea drink. DUBAI, U.A.E., Aug. 12, 2020 /PRNewswire/ -- The bubble tea market is expected to rise at a year-on-year growth rate of 8% from 2020-2030, opines Future Market Insights in its recent report . There are six official types of bubble tea. Background: Bubble tea has become enormously popular in China in recent years. And if youre looking for all the facts and figures that back up our claim, you have this blog post. Tea is the second most popular drink in the world, with water at first place. Art & Craft. 32 Tempting Tea Statistics for a Healthier 2022 - ComfyLiving info@pearllemongroup.com. Future Market Insights Global and Consulting Pvt. The market was expected to reach a valuation of US$ 2.3 Bn by the end of 2021. For better delivery of our new release, Please help us undestand your interest Industry and Frequency that you prefer to get the new releases. India is currently 1-0 up in the series, which has seen Indian spinners dominating both the tests in Nagpur and Delhi. Asia Pacific is expected to dominate the market during the forecast period. Boba tea, or "bubble tea," has been around since the late 1980s in Taiwan. 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. 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. PDF A Cross-sectional Study on Knowledge, Attitude and Practice of Bubble 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! Grab also reported that on average, Southeast Asians drink an average of four cups of pearl milk tea per person per month. 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. When you look at the marketing for bubble tea, the numbers make sense. Health Benefits Associated with Bubble Tea Consumption to Drive the Market Growth . Millennial Tea Drinking Stats - Tea continues to gain market share in surprising areas. However, the consumption of tea is not as prominent as the popularity of coffee in South American countries such as Argentina and Brazil. Bubble Tea - Pearl Lemon Boba By flavor, the market is classified into coffee, fruit, chocolate, original, and others. The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca. It slowly spread throughout Asia before gaining popularity in the U.S. and across the globe. 8. More Insights into the Bubble Tea Market Report. 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. Why buy this report? There are many varieties of the drink with a wide range of ingredients. 'Revenge bubble tea drinking': Shanghai awakes from Covid lockdown Thank you for contacting us, our sales representative will get in touch with you shortly! However, Europeis expected to grow with the highest CAGR throughout the forecast period, owing toaggressive advertising and celebrity brand endorsement and increasein the awareness of bubble tea in theregion. Green tea has shown long-term energy inducing properties and has a positive effect on the regulation of body weight. An Infographic Representation of Bubble Tea Market, To get information on various segments, share your queries with us. We use cookies to enhance your experience. 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 . Another user, Yilian Fengyue Xian, said she had bought four cups of bubble tea after 76 days of being under lockdown in what she called "revenge bubble tea drinking". Overall, though tea registered. Against this backdrop, the market valuation is projected to reach US$ 245 Mn by 2032. The two businesses are known for their zingy fruit tea drinks. 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. The availability of different types of milk tea offers numerous options for consumers to enjoy. They are made from cassava starch, a common ingredient in Brazilian culture, and they take time, effort, and skill to make properly. Your email address will not be published. Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-12310, Explore FMIs Extensive Coverage on Food and Beverage Domain. Studies showed that green tea-based milk tea is proven to be beneficial for lowering blood pressure and the risk of cancer. 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. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The players in the bubble tea market have adopted acquisition as their key development strategy to increase profitability and improve their position in the bubble tea market. Bubble tea is known for its sweet taste. Need to talk to an expert? Girls and women are the primary demographic among bubble tea drinkers, with 95% having tried it. 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. Elementary school children would look forward to buying a cup of refreshing tea after a long, hard day of work and play. By continuing to visit this site you agree to our use of cookies . Statista. In 2014, over 77% of the tea brewed in the United States was prepared using tea bags. As a result, other plant-based hot . 11. Each . 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. . 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. Get in touch with us. Required fields are marked *. After decades of slowly increasing in popularity, the big bubble tea boom happened in 2018. 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. 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. Teenagers and people in their 20s consistently account for the highest consumer percentage of bubble teas. 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. Companies covered in bubble tea market report are ChaTime, Bubble Tea Supply Inc., Gong Cha, CoCo Fresh, Quickly, Kung Fu Tea, Tiger Sugar Korea, Boba Loca, Happylemon, Lollicup USA, Inc . 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). 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. 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. Originally created in Taiwan in the 1980s, bubble tea has quickly exploded in popularity. 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. 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. 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. Commentary: The curious case of Singapore's devotion to bubble tea 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 . For people aged 71 or older, the figures were substantially lower, at 1,584 grams and 1,532 grams, respectively. According to the report, bubble tea orders had increased at a whopping 3,000 percent in 2018. Whats your favorite bubble tea base to start with? Bubble Tea originated in Taiwan in the early 1980's at a small tea stand. Consumption of black tea is highly promoted due to its strong antioxidant, anti-aging, and anti-diabetic properties. The data offered to us was exactly what we were looking for. 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. US Coffee Statistics. Thailand leads in bubble tea consumption at an average of 6 cups per person per day. 17 Aug 2022 12:37PM (Updated: 17 Aug 2022 06:16PM) SINGAPORE: Bubble tea lovers in Southeast Asia spend US$3.66 billion a year on the beverage and similar "new tea" drinks, with Singapore . Organic Tea Market Size, Share and Growth [2020-2027] 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. Methods: Self-report questionnaires were used to assess bubble tea consumption and mental status. Rohit Sharma hints at using green pitch in 4th Test against Australia Bubble Tea Market Analysis, Growth & Forecast 2027 - Yahoo! These drinks are made with milk tea and tapioca pearls (to make the bubbles), which contain a lot of natural sugar. Manufacturers are capitalizing on improving the functionality of boba drinks ingredients to cater to the rising demand from consumers. Tea in Kenya. After experiencing a downfall due to fierce market competition in 2003, the bubble tea market was revived in 2007 with the entry of several foreign brands. 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. 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. Rising consumption of tea and coffee as nootropic drinks among students and working-class population is a key factor for the market growth. By 2025, 70% of spending and 10% of volume consumption in the Tea . Australia: 0.75 kg (1.65 lb) 17 It's common for bubble tea brands to include "cha" in their names, which means "tea" in Chinese. Save my name and email in this browser for the next time I comment. The global bubble tea market size was valued at USD 2.17 billion in 2021. Heycha and Yicha both have similar-sounding names and include refreshing fruit teas as part of their star offerings. 297 billion liters of tea were consumed worldwide in 2021. 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. Extruding the tapioca into these small balls is difficult work. Philippines: Tea Market and the Impact of COVID-19 on - market research This, along with the rise in dairy alternatives is fueling market growth of bubble tea in the U.S. China bubble tea market is forecasted to grow at a 7.5% CAGR. 12. Bubble tea brands expected to produce novel and unique products over the forecast period. Introduced to China in the early 1990s, it quickly became one of the most popular drinks in the nation. Bubble tea | Infopedia - National Library Board This means, market totals are not comparable to published data from prior years. 6. It should be no surprise then that sugar is a primary ingredient in the drink. 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. Bubble milk teas surge in popularity is mainly attributed to taste, affordability, and the rising reinvention of the basic tea recipe. 50 Bubble Tea Facts That You Should Know About However, the sweeteners segment is expected to witness the highest growth, owing to rise in demand for sweet beverages across the globe. Global Bubble Tea Market Size, Growth, Share, Industry Trends Analysis 9. This can be attributed to rise in the popularity of bubble tea with black tea as a base ingredient across the globe. It also offers a detailed analysis of the market size and growth rate for all possible market segments. July 26, 2022 10:30 ET Key players in the global bubble tea market are focusing on releasing novel and unique flavors of bubble tea. A typical serving of bubble tea at a chain might cost $3 to $5 for a 16- to 20-ounce cup. What are the key factors driving the market? According to Fortune Business Insights, the Asia Pacific region holds the largest market share and is expected to grow at a compound annual growth rate (CAGR) of 10.07 per cent by 2027. Quinoline Yellow WS Market Analysis: The global quinoline yellow WS (water soluble) market is projected to reach a valuation of US$ 28.5 Mn in 2022, growing at a CAGR of 3.9% between 2022-2032. Book your free consultation and let our research experts help you with your needs/problems. The bright colors and availability of sweet and fruity flavors especially appeal to children . In addition, as Europe is not highly indulged in tea production and mostly relies on other regions for the supply of tea, it somehow limits the market growth. Bubble Tea Popularity Statistics Singapore; by palmebre Published: July 20, 2021 (2 days ago) Category. Meet one of Australia's fastest-growing franchises: How Chatime is 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. Moreover, increase in disposable income and economic growth in advanced & emerging economies support the market growth. Who drinks bubble tea? What statistics can tell us about - Australia 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. Chocolate flavored milk tea is tremendously popular in which chocolate powder is blended with milk to strengthen its flavor. Tea is one of the most popular beverages consumed worldwide. 2. Bubble tea is also known as pearl milk tea. Bubble Tea Market Size, Share and Trends | Research Report - 2027 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. Versatility in flavor, health benefits, and social media trends drive the market. 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.