Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. 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. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. Tea consumption per capita in the UK is 1.3 kg for 2019. How much is the global bubble tea market worth? Between 2021 and 2028, the global tea market is expected to grow at a CAGR of 6.6%. The drink became popular during the 1990s, just in time for millennials to develop a taste for it. In this era, the growing consumer preferences for products depend on various factors such as choice of taste, price, brand, and location accessibility. One cup of tea is assumed to contain 2 grams of tea. This can be attributed to rise in the popularity of bubble tea with black tea as a base ingredient across the globe. 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. 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. 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. Availability of Other Caffeinated Drinks to Impede Growth. This is a very good piece of work and will be very helpful to us going forward. Also, due to the strong dependency on Asian countries to source raw materials, such as tapioca balls, from Taiwan, it hinders the production process and impacts their overall operations. 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. Market size and forecast, by Flavor, 2020-2028 The price for bubble tea depends on where you get it. . 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. Start reading instantly ,This Report and over 19,845+ more Reports, Available with Avenue Library, T&C*, WRITE AN EMAIL help@alliedmarketresearch.com, U.S. - Canada :+1-800-792-5285 (Toll-free) Int'l : +1-503-894-6022 UK : + 44-845-528-1300. Theory seemed to meet reality . 9. For example, according to . Based on bubble tea market forecast, the liquid component was the most prominent segment accounting for the highest share in the bubble tea market. This is for a full-sugar serving that contains 60 g of sugar. Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. 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 . Picture via Instagram/yicha_malaysia and myheycha. USD 1,195. 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 ($5.1 . Quick Facts. In 2020, China dominated the tea market with 78.7 billion US dollars of revenue. This means, market totals are not comparable to published data from prior years. Based on the base ingredient, green tea will lead the market growth over the forecast period. Bubble tea is a drink made from tea (usually black tea), milk, syrup, and a special ingredient that captivates the hearts of Chinese people: tapioca pearls. Teenagers and people in their 20s consistently account for the highest consumer percentage of bubble teas. The global bubble tea market size was valued at USD 2.17 billion in 2021. For those looking to cut back on sugar, bubble tea may not be the best choice. However, since the ease of lockdowns, governments have proposed several initiatives and strategies to help the companies in recovering the losses across the globe. What may surprise you though is the amount of sugar! [1] DUBAI, U.A.E., Aug. 12, 2020 /PRNewswire/ -- The bubble tea market is expected to rise at a year-on-year growth rate of 8% from 2020-2030, opines Future Market Insights in its recent report . Ltd. https://www.futuremarketinsights.com/reports/sample/rep-gb-12310, https://www.futuremarketinsights.com/customization-available/rep-gb-12310, https://www.futuremarketinsights.com/checkout/12310, https://www.futuremarketinsights.com/ask-question/rep-gb-12310, https://www.futuremarketinsights.com/reports/bubble-tea-market, https://www.futuremarketinsights.com/reports, Ready to Drink Shakes Market Outlook (2022-2032). Bakery Products Market Share: The global bakery products market is estimated to reach US$ 235 Mn in 2022. They are made from cassava starch, a common ingredient in Brazilian culture, and they take time, effort, and skill to make properly. Nearly everyone in Thailand enjoys drinking bubble tea, to the point that they have surpassed every other country in the amount that they drink! 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. The report was very accurate and as per my requirements. All rights reserved. According to the Food and Agriculture Organization (FAO) of the United Nations, Nigeria is the largest exporter of cassava at 21% of the worlds amount. The consumption of organic tea rose by 1.06 million gallons in 2018. Rank Country/Region Tea consumption 1 Turkey: 3.16 kg (6.96 lb) . +44 208 097 3636. China is a major bubble tea manufacturer. 1 2 3 8. Art & Craft. Consumption of black tea is highly promoted due to its strong antioxidant, anti-aging, and anti-diabetic properties. 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. Other players operating in the market are Boba Box Limited, Fokus Inc., Sumos Sdn Bhd, Troika J.C. (Qbubble), and Boba Tea Company. Rising consumption of tea and coffee as nootropic drinks among students and working-class population is a key factor for the market growth. Global Bubble Tea Market Dynamics, Regional Analysis, Segmentation, Competitive Landscape, COVID-19 Impact, Recent Developments and SWOT Analysis of Key 7. The global market is projected to reach US$ 194.7 Bn by 2032. Pune, India, Oct. 26, 2021 (GLOBE NEWSWIRE) -- The global bubble tea market size is expected to reach USD 3.39 billion by 2027 . In addition, due to the presence of artificial preservatives in bubble tea, consumers are changing their preference toward organic beverages, which hampers the growth of the global bubble tea market. The market is anticipated to be valued at US$ 46.0 Mn in 2032. For instance, in September 2021, Dubai witnessed the opening of various new tea outlets serving bubble tea across the country. Thank you for requesting a call back, our sales representative will get in touch with you shortly! In the United States, 95% of women have tried bubble tea versus 81% of males. 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. And if youre looking for all the facts and figures that back up our claim, you have this blog post. The emerging players in the Bubble Tea Market are Bubble Tea Supply Inc., ChaTime, CoCo Fresh, Quickly, Kung Fu Tea, Boba Loca, Happylemon, Share Tea, T Bun International, Fanale Drinks, Grand Chainly, and Huey-Yuhe Enterprise. Asia Pacific Bubble Tea Market Size, 2021 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. https://www.fortunebusinessinsights.com/industry-reports/bubble-tea-market-101564, Yummy Town (Cayman) Holdings Corporation (Happy Lemon) (Taiwan), Granular Research on Specified Regions or Segments, Companies Profiled based on User Requirement, Broader Insights Pertaining to a Specific Segment or Region, Breaking Down Competitive Landscape as per Your Requirement, Other Specific Requirement on Customization. Heycha and Yicha both have similar-sounding names and include refreshing fruit teas as part of their star offerings. Against this backdrop, the market valuation is projected to reach US$ 245 Mn by 2032. Let's assume that the daily maintenance calories for an average adult man are 2,500 kcal, and for an average adult . The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: The Hot Drinks market segment, Tea, consists of black tea, green tea and mate sold in tea bags or as loose-leaf tea. These latest product ranges further act as a marketing strategy to attract a vast consumer base worldwide. With 250 different flavors, it makes sense that there would be different bases to the teas. Consumption declines with age. Global Demand for Coffee - Despite the demand for coffee in the United States, the country only ranks 25th in per capita coffee consumption. 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. 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. When you look at the marketing for bubble tea, the numbers make sense. 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. Pour tea, milk, and 4 teaspoons sugar into a cocktail shaker. Asia-Pacific (APAC) dominates the bubble tea market because of the high consumption of the bubble tea within the region. By sugar content, reduced sugar/sugar-free category will gain traction over the forecast period. It is made using green tea, white tea, black tea, or oolong tea. Green tea. Bubble tea has a sweet, sour, and tangy taste that varies depending on the type of fruit used. 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. According to a recent CLSA survey of consumers, 94% of those aged between 20 and 29 bought boba tea in the last three months, reported Bloomberg (June 24). We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. 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. 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. Fruit Flavor Segment is Dominating Backed by High Consumer Preference. One concession owner became popular with her . Singapore market is forecasted to grow at a CAGR of 10.7%. Key players in the global bubble tea market are focusing on releasing novel and unique flavors of bubble tea. Such initiatives further support the immense growth opportunities for the companies. 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. Millennial Tea Drinking Stats - Tea continues to gain market share in surprising areas. Malaysia Coffee & Tea Reports: Our 2023 Malaysia report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Coffee & Tea market. Six in ten (59.7%) did not usually consume either sugar sweetened or diet drinks. Based on the distribution channel, online retailing is expected to exhibit a CAGR of 11.9%. Thailand leads in bubble tea consumption at an average of 6 cups per person per day. The research report includes quantitative and qualitative insights into the market. In 2020-21, of people aged 18 years and over: 6.4% consumed sugar sweetened drinks daily. In global comparison, most revenue is generated in China (US$111,800.00m in 2023). The Middle East & Africa showcases a slower growth as pearl milk tea is consumed as a social drink or as a gesture of hospitality. 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. The market is expected to grow annually by 2.61% (CAGR 2023-2025). This segment does not include herbal tea, instant tea, iced tea or similar tea-derived Ready-to-Drink beverages. Bubble tea is a beverage originating from Taiwan comprising tea with fruit syrup or milk added, and then shaken. Tapioca balls or "pearls" are often added to the concoction as well. Such challenges cumulatively hamper the growth potential of the global market. Toss in the pearl tapioca. +44 208 097 3636. 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. According to NCBI, healthy and natural ingredients such as green tea help in preventing weight gain and also in inducing weight loss when consumed regularly. 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. This was attributed due to rise in the consumption of tea based everages across the world. 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. The segment will depict a robust 11.8% CAGR and account for more than 26% of the market share. 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 30 Tea Drinkers vs. Coffee Drinkers Statistics. Were guessing you already know what bubble tea is. 297 billion liters of tea were consumed worldwide in 2021. Cook for about 20 minutes. | Source:
The incredible success of bubble tea in China since 1996. Add the ice cubes, and shake so the whole drink can get cold. The bubble tea industry is enormous and accounts for one of the fastest-growing food markets in the world today. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. 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. 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. India is currently 1-0 up in the series, which has seen Indian spinners dominating both the tests in Nagpur and Delhi. 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. 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. Your email address will not be published. There are many varieties of the drink with a wide range of ingredients. Ask for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-12310. Countries such as Vietnam and Taiwan are projected to have the largest sales. Ready to drink tea products have seen a 15x increase in sales and consumption since 2004. Brands, such as Koi The Co, Moge Tee, and M.A.D.
China is projected to exhibit a 7.5% CAGR. The chewy tapioca balls or pearls are undoubtedly the stars of any bubble tea drink. Bubble tea is known for its sweet taste. 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 the next five years, the bubble tea industry is expected to grow by nearly 54%. 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. As a result, other plant-based hot . 10. Request a Free sample to learn more about this report. Today, millennials, zennials, and gen z account for the vast majority of the countrys bubble tea consumption. All these aspects necessitate the manufacturers to develop premium quality teas by keeping the consumer demands in mind. 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". An average, medium-sized serving of bubble tea has, on average, 335 calories. Introduced to China in the early 1990s, it quickly became one of the most popular drinks in the nation. (2.Americans rank 25th for coffee consumption per capita, with an average consumption of 4.2 kg per person per year.
Awareness about health issues and their relation to meat consumption has resulted in a shift towards vegan and plant-based diets. 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. Changes in consumers tastes and preferences have fostered growth for the bubble tea market over the forecast period. The size of the global Bubble Tea Market in 2019 was $2,407.6 million. 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. If youre looking for a sweet, refreshing drink that doesnt compromise on flavor or quality, bubble tea is the answer. Additionally, due to Australia's climate, tea is able to be grown and produced in northern Australia. Of the 30 countries that enjoy bubble tea, most are in Asia. 12. The industry shows no signs of slowing down, and in fact, appears to be growing exponentially with every passing year. 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. The market for Tea segment is expected to show a volume growth of 1.6% in 2024. By base ingredient, it is divided into black tea, green tea, oolong tea, and white tea. If you love bubble tea and are looking for a make your own bubble tea kit, this is the place! Worldwide Tea Statistics. While bubble tea is enjoyed by people of all ages, it tends to be a global favorite among younger people. 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. Essential Facts. Bubble Tea Market size was estimated at $2.1 billion in 2020, projected to increase at a CAGR of 6.8% during the forecast period 2021-2026. Tapioca pearls are made from cassava flour, of which Nigeria is the worlds largest exporter (21%). Bubble tea made a rise in popularity in 2018 with a 3000% increase in orders from Southeast Asia. With 38 grams per 16oz beverage, bubble tea should be enjoyed in moderation. For instance, in April 2020, a bubble tea company Chatime launched oat milk-based tea such as Chatime Pearl Milk Tea and Grass Jelly Roasted Milk Tea for lactose intolerant consumers. 10. Emerging countries such as China, India and Brazil growing with the CAGR of 8%, 9.5%, and 8.3% respectively. 2. This can be attributed to the availability of various options such as combination of various liquid flavors and syrups. Find the most up-to-date statistics and facts on the tea market in Canada. Mineral Premix Market Demand: The global mineral premixes market is expected to reach US$ 761.1 Mn by 2022, accelerating at a CAGR of 8.6% during the forecast period (2022-2032). 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. Bubble Tea is a famous non-alcoholic beverage drink that first . The market for Hot Drinks is structured into retail sales for at home consumption and on-premise or foodservice sales for out-of-home consumption. Premium Statistic Global tea consumption 2012-2025 . As of December 2018, GrabFood's bubble tea network encompasses over 1,500 brands with 4,000 outlets throughout . 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. 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. It's the second most-consumed drink in the world, only behind water. 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). A. Which region held the highest share in the market? Online retailing is predicted to register an 11.9% CAGR. 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. With bubble teas sudden increase in popularity, it should be no surprise that the industry is only expected to keep growing. Chatime, Gong Cha, Coco Fresh Tea & Juice, and Lollicup USA, Inc. are the leading players in the market. The mean age of study participants was 24 years and the age range was 18 or older to younger than 30 years. Bubble Tea Market Outlook (2022-2032) [324 Pages Report] The global bubble tea market is projected to have a rapid-paced CAGR of 8.8% during the forecast period. 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 When we say that bubble tea is insanely popular, were not joking. 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. Join over 60,000 Bubblers (that's what we call our lovely customers!) Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. In relation to total population figures, per person revenues of US$53.14 are generated in 2023. page 1 . 12. 10. 13. Symptoms of . Alcoholic Tea Market size is valued at USD 1,958.73 billion by 2028 and is expected to grow at a compound annual rate of 7.00% in the forecast period . Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. This popular sweetened tea is made up of high-quality milk and tapioca pearls, along with fruit powder, creamer, and sweeteners. For instance, in September 2020, Chen Shucheng started a new bubble milk tea franchise in Singapore called Meme Xpress. By 2025, 70% of spending and 10% of volume consumption in the Tea . Ice-blended versions are usually mixed with fruit or syrup, resulting in a slushy consistency. Moreover, zero fat and low calorie contents of . Chocolate flavored milk tea is tremendously popular in which chocolate powder is blended with milk to strengthen its flavor. By region, North America was the most prominent regional market in 2019. The black tea segment is expected to be the leading segment in the global market. a more convenient consumption option, compared with hot cereals, which can require the addition of boiling water or milk. Bubble tea is a sweet, delicious drink typically made from a tea base that is then mixed with either milk or fruit flavoring.