Were big enough to handle massive projects, and yet also nimble enough to come up with names on demand that hit every time. Sometimes they are blended with ice to give them a more slushy-like consistency. The two businesses are known for their zingy fruit tea drinks. Chatime, Gong Cha, Coco Fresh Tea & Juice, and Lollicup USA, Inc. are the leading players in the market. A. In global comparison, most revenue is generated in China (US$111,800.00m in 2023). The Mayo Clinic state that up to 400 mg of caffeine a day is probably safe for most healthy adults. 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. This is likely due to its naturally sweet flavor and all of the different varieties of teas that are available. A. The ICC World Test Championship final will be played in The Oval, London from June 7 to 11, where the conditions are pacer-friendly. 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. According to the bubble tea market share, based onflavor, the fruit flavor segment was the most prominent segment accounting for the highest share in the bubble tea market, in 2019. 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. 12. 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. info@pearllemongroup.com. In the Tea segment, volume is expected to amount to 18.6mkg by 2025. Boba tea, or "bubble tea," has been around since the late 1980s in Taiwan. A 16 oz serving of bubble tea contains 38 grams of sugar, which is 76% of the recommended daily value. As more and more countries discover the delicacy that is bubble tea, these figures are sure to continue growing. The major countries in each region are mapped according to their revenue contribution to the global bubble tea market. 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. Asia Pacific Bubble Tea Market Size, 2021 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. Boost your students confidence by putting their results next to the public's 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. 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. Introduced to China in the early 1990s, it quickly became one of the most popular drinks in the nation. 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. 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 is anticipated to be valued at US$ 46.0 Mn in 2032. Stir until the sugar has dissolved and the milk is well mixed in. An average, medium-sized serving of bubble tea has, on average, 335 calories. . India is currently 1-0 up in the series, which has seen Indian spinners dominating both the tests in Nagpur and Delhi. 03 Locally called "po po ch," Singapore has sold bubble tea since 1992. The report covered all the points and was very detailed. 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. Methods: Self-report questionnaires were used to assess bubble tea consumption and mental status. Future Market Insights Global and Consulting Pvt. Who are the leading players in the market? Although there are plenty of bubble tea flavors to choose from, fruit teas tend to be the most popular. 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 . This cross-sectional study investigated the association between bubble tea consumption and symptoms of anxiety and depression in a population-based sample. 4. Among participants, 647 (88%) consumed less . October 26, 2021 13:00 ET | Source: Fortune Business Insights. This can be attributed to the availability of various options such as combination of various liquid flavors and syrups. A popular version of bubble tea, known as Thai iced tea originated in Thailand in the 1800s, and when bubble tea was invented people began adding tapioca balls to it. 15. 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! 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. 1 2 3 8. Virtually any flavor that you can imagine exists with bubble tea. The mean age of study participants was 24 years and the age range was 18 or older to younger than 30 years. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years. 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. 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. Girls and women are the primary demographic among bubble tea drinkers, with 95% having tried it. Per Capita Global Tea Consumption Patterns Americans consume more than 50 billion servings of tea a year, nearly 85% of which is iced. Thank you for contacting us, our sales representative will get in touch with you shortly! In the next five years, the bubble tea industry is expected to grow by nearly 54%. Gong Cha, Kung Fu Tea, Lollicup USA, Tiger Sugar, Sharetea, Boba Guys, Tapioca Express, Cha Time, Ten Rens Tea Time, YiFang Bubble Tea, CoCo Fresh Tea & Juice, DaBoba, Happy Lemon, Quickly, Cojiitii, and others are some of the manufacturers of bubble tea profiled in the full version of the report. Interesting Facts. 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. By continuing to visit this site you agree to our use of cookies . By 2025, 70% of spending and 10% of volume consumption in the Tea . Bubble tea is extremely high in calories. Pour into a glass, and add tapioca. How much sugar was consumed? In Asia, however, it is equally popular among men and women and is seen as a cultural phenomenon. The chewy tapioca balls or pearls are undoubtedly the stars of any bubble tea drink. Theres a lot more to bubble tea than meets the eye, and weve discovered all of the reasons that its a global favorite. 16. Request a Free sample to learn more about this report. Teenagers and people in their 20s consistently account for the highest consumer percentage of bubble teas. 87% of American millennials drink tea, including bubble tea. Elementary school children would look forward to buying a cup of refreshing tea after a long, hard day of work and play. A. The out-of-home market, also called on-trade market, away-from-home market or HORECA encompasses all sales to hotels, restaurants, catering, cafs, bars and similar hospitality service establishments. In this era, the growing consumer preferences for products depend on various factors such as choice of taste, price, brand, and location accessibility. Tea is considered the second most popular drink of choice worldwide. Get in touch with us. The Market for Bubble Tea in North America to be the Most Dominant & Fastest Growing. 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. Whether youre feeling something sweet, fruity, and refreshing, something soothing and tea-like, or a slushy smoothie like-drink, bubble tea has you covered. info@pearllemongroup.com. It looks quite comprehensive and the data is exactly what I was looking for. That means 24 countries have higher consumption rates that are worth targeting. 7.1% consumed diet drinks daily. It also offers a detailed analysis of the market size and growth rate for all possible market segments. The average volume per person in the Tea segment is expected to amount to 0.68kg in 2023. 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). FB : Beverages| Pages: 261 | Author(s) : Vaibhav S , Roshan D, Single User License, Five User License & Enterprise User License. Boba tea is creating a buzz among individuals worldwide, owing to its growing appeal and novelty. The segment will depict a robust 11.8% CAGR and account for more than 26% of the market share. A. It's common for bubble tea brands to include "cha" in their names, which means "tea" in Chinese. Countries in North America are gradually increasing the consumption of this tea owing to the growing popularity of tea-based drinks. It is expected to be the fastest growing segment owing to consumers' inclination towards the convenience offered. 5. The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. Bubble tea, also known as Boba or Boba tea, is rapidly becoming one of the worlds favorite beverages. By component, it is classified into flavor, creamer, sweetener, liquid, tapioca pearls, and others. Pune, India, Oct. 26, 2021 (GLOBE NEWSWIRE) -- The global bubble tea market size is expected to reach USD 3.39 billion by 2027 . 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. Global Demand for Coffee - Despite the demand for coffee in the United States, the country only ranks 25th in per capita coffee consumption. Based on the distribution channel, online retailing is expected to exhibit a CAGR of 11.9%. It's the second most-consumed drink in the world, only behind water. Moreover, rise in consumption of flavored bubble tea in young generation fuels thebubble tea market growth. Its iced or hot black or green tea mixed with chewy tapioca balls that are often flavored. We are happy with the professionalism of your in-house research team as well as the quality of your research reports. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); We're Soocial, a leading branding agency with a passion for creating memorable names and internationally-renowned brands. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes. Rising number of fitness conscious consumers and rising demand for tea based beverages in youth generation across the globe is the current trend in the global bubble tea market.. A. Europe and LAMEA will provide more business opportunities for Bubble Tea Market in coming years. Moreover, zero fat and low calorie contents of . Ltd. Some specialty shops have menus with smaller sizes and prices as low as $2 to $3 per serving. 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. 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. Bubble milk teas surge in popularity is mainly attributed to taste, affordability, and the rising reinvention of the basic tea recipe. 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. However, since the ease of lockdowns, governments have proposed several initiatives and strategies to help the companies in recovering the losses across the globe. Health beneficial attributes such as low-fat, low-calorie content, and presence of anti-inflammatory properties are the key driving factors of the market. 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 . 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. For instance, in September 2020, Chen Shucheng started a new bubble milk tea franchise in Singapore called Meme Xpress. Aug 16, 2022, 1:25 PM SGT. The U.S. market is anticipated to register a prolific CAGR of 12.4% over the forecast period. 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. 30.7% of Victorian adults consumed sugar-sweetened soft drinks at least once a week. 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 . We dont recommend anyone making it a daily indulgence. Extruding the tapioca into these small balls is difficult work. We selected the top 40 popular menu items from three of the most commonly used OFD applications in 2021. This segment is expected to grow significantly throughout the forecast period due to its high nutritional value as compared to other flavors, high popularity of tea-based fruity beverages, and high consumer preference. 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. 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. Rising Raw Material and Transportation Cost Due to the Pandemic to Slow Down the Market Growth. Save my name and email in this browser for the next time I comment. Looking forward to work together in the future, It has been a delightful experience working with you guys. These latest product ranges further act as a marketing strategy to attract a vast consumer base worldwide. 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. bubble tea popularity statistics singapore; how many bubble tea brands in singapore; Bubble Tea Popularity Statistics Singapore . The market for Tea segment is expected to show a volume growth of 1.6% in 2024. 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. Essential Facts. The Tea segment in Australia is projected to grow by 2.61% (2023-2025) resulting in a market volume of US$1.47bn in 2025. . The current valuation of the market is US$ 2.50 billion in 2022.