At what CAGR is the bubble tea market projected to grow in the forecast period (2022-2029)? The rise in online food delivery (OFD) applications has increased access to a myriad of ready-to-eat options, which may lead to unhealthier food choices. 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. This cross-sectional study investigated the association between bubble tea consumption and symptoms of anxiety and depression in a population-based sample. Moreover, increase in disposable income and economic growth in advanced & emerging economies support the market growth. Methods: Self-report questionnaires were used to assess bubble tea consumption and mental status. The bubble tea market in Singapore has a long history and is expected to exhibit a prosperous future with a CAGR of 10.7% over the forecast period. Gapminder Tools 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 fact, tea was aboard the First Fleet in 1788. Bubble Tea Club | DIY Bubble Tea Kits When you look at the marketing for bubble tea, the numbers make sense. In addition, the growing gastronomic tourism, rising number of health-conscious individuals, and increased social media influences further paved the way toward growing potential. Tea - Australia - Statista - The Statistics Portal for Market Data About 200 million pounds of tea leaves (bagged & loose) are shipped into the United 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 is a mix of milk, tea, and fruit juice with added bubbly-looking toppings (like tapioca balls). The current valuation of the market is US$ 2.50 billion in 2022. 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 global market is projected to reach US$ 194.7 Bn by 2032. Add the ice cubes, and shake so the whole drink can get cold. bubble tea popularity statistics singapore; how many bubble tea brands in singapore; Bubble Tea Popularity Statistics Singapore . The bubble tea market was valued at $2.4 billion in 2019 and is estimated to reach $4.3 billion by 2027, registering a CAGR of 7.80% from 2020 to 2027. The Tea segment in Australia is projected to grow by 2.61% (2023-2025) resulting in a market volume of US$1.47bn in 2025. . Six in ten (59.7%) did not usually consume either sugar sweetened or diet drinks. Pour tea, milk, and 4 teaspoons sugar into a cocktail shaker. Filipinos rank second highest bubble tea drinkers in Southeast Asia The market was expected to reach a valuation of US$ 2.3 Bn by the end of 2021. Meet one of Australia's fastest-growing franchises: How Chatime is Consumption declines with age. With globalization, new trends have started striking the food service market, thereby influencing the young generation to try new beverages. Bubble tea is a beverage originating from Taiwan comprising tea with fruit syrup or milk added, and then shaken. BBT Club is Australia's leading DIY bubble tea company for anywhere and anytime. 15 Tea Statistics and Facts to Know in 2023: Fascinating Data! However, the sweeteners segment is expected to witness the highest growth, owing to rise in demand for sweet beverages across the globe. Bubble tea is drunk by millions of people around the world every single day, even in countries that you might not expect! Tea is the second most popular drink in the world, with water at first place. 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. Key players in the global bubble tea market are focusing on releasing novel and unique flavors of bubble tea. Followed by black tea, the green tea segment is expected to hold a major percentage of the market share. Rising Raw Material and Transportation Cost Due to the Pandemic to Slow Down the Market Growth. In 2004, daily beverage consumption of 19- to 30-year-olds averaged 2,610 grams for men and 2,056 grams for women (Table 1). Although the drink was originally created in Taiwan, its signature ingredient is primarily grown in Nigeria, Thailand, Indonesia, and Brazil. On the contrary, introduction of various new flavors and blends and high demand among young population for a variety of teas are expected to provide lucrative opportunities for the market expansion.The bubble tea market has been segmented on the basis of on base ingredient, flavors, component, and region. The appearance of the finished drink is what led to its name. 04 For a short time in 2012, all 800 branches of McDonalds in Germany sold bubble tea. There are many varieties of the drink with a wide range of ingredients. Adolescents drink too much caffeine - Medical News Today The global market for organic tea is showcasing strong growth principally because of the growing knowledge regarding safer counterparts of organic products among consumers. Its iced or hot black or green tea mixed with chewy tapioca balls that are often flavored. FB : Beverages| Pages: 261 | Author(s) : Vaibhav S , Roshan D, Single User License, Five User License & Enterprise User License. The ICC World Test Championship final will be played in The Oval, London from June 7 to 11, where the conditions are pacer-friendly. Now, there are bubble tea shops everywhere, and many companies have started to offer other bubble tea treats in the form of desserts to expand the marketplace. The chocolate segment is projected to have the fastest growth in the coming years due to increasing demand for chocolate-based drinks from every age group. In Asia, however, it is equally popular among men and women and is seen as a cultural phenomenon. Grab also reported that on average, Southeast Asians drink an average of four cups of pearl milk tea per person per month. Which region held the highest share in the market? 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. Apart from being a healthier alternative, becoming a trending beverage, especially among younger consumers, has also aided market growth for bubble tea. . 3. Stir until the sugar has dissolved and the milk is well mixed in. For people aged 71 or older, the figures were substantially lower, at 1,584 grams and 1,532 grams, respectively. 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. This can be attributed to the rise in awareness regarding healthy lifestyle and higher adoption of healthy beverages by health-conscious consumers. (2.Americans rank 25th for coffee consumption per capita, with an average consumption of 4.2 kg per person per year. 16 Bubble Tea Statistics to Calm Your Cravings - Soocial 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. 1.In 2019, 64% of Americans aged 18 and over drank coffee every day. In 2020, China dominated the tea market with 78.7 billion US dollars of revenue. PDF A Cross-sectional Study on Knowledge, Attitude and Practice of Bubble 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. 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. Brands, such as Koi The Co, Moge Tee, and M.A.D. Asia-Pacific (APAC) dominates the bubble tea market because of the high consumption of the bubble tea within the region. How much is the global bubble tea market worth? Picture via Instagram/yicha_malaysia and myheycha. 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. A. . Sugary drink consumption data The types include milk tea, black tea, fresh fruit tea, smoothies or milkshakes, fresh milk, and salted cream. Table I : Prevalence1 of Bubble Tea Consumption among Students in University of Cyberjaya according to Sociodemographic Descriptions Sociodemographic description Bubble tea consumption Consume, n (%) Do not consume, n (%) Total, n (%) . China is projected to exhibit a 7.5% CAGR. 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. 11.2% of Victorian adults consume sugar sweetened beverages daily. Post- Budget webinar News Updates Live: This year's budget will give Keep reading to discover everything weve uncovered about bubble tea. The market for Tea segment is expected to show a volume growth of 1.6% in 2024. Choice Reviews Reveal Australian Tea Trends | World Tea News But in case you dont Its tea served with a giant chewy ball of tapioca at the bottom of the cup. Thank you for contacting us, our sales representative will get in touch with you shortly! Moreover, zero fat and low calorie contents of . The global bubble teamarket holds a substantial scope for growthduring the forecast period. 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 CRAZE in Southeast Asia - mise en place In 2014, over 77% of the tea brewed in the United States was prepared using tea bags. Bubble Tea Market Size, Share, Growth Report, 2020-2027 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. A typical serving of bubble tea at a chain might cost $3 to $5 for a 16- to 20-ounce cup. A. Bubble Tea Popularity Statistics Singapore - Emkan.me By flavor, the market is classified into coffee, fruit, chocolate, original, and others. Book your free consultation and let our research experts help you with your needs/problems. 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 Consumption Statistics (2017-2021) Vs Market Estimations (2022-2032) During 2017-2021, the global bubble tea target market expanded at a value CAGR of 6.3%.. For instance, in August 2021, according to a study by the Business Times Newspaper, Southeast Asia spent around USD 3.7 billion on launching milk tea and other similar new drinks, owing to the ever-growing demand from youth. 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. However, since the ease of lockdowns, governments have proposed several initiatives and strategies to help the companies in recovering the losses across the globe. All Rights Reserved. In 2020-21, of people aged 18 years and over: 6.4% consumed sugar sweetened drinks daily. Ready-to-Drink variants are instead aggregated into the segment Ready-to-Drink (RTD) Tea in the Non-Alcoholic Drinks market. PDF Demographic Summary - TeaUSA A. We dont recommend anyone making it a daily indulgence. The region is witnessing a cross-cultural food consumption trend, and the growing health and wellness approach is also expected to boost the growth. We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Nevertheless, manufacturers are trying to introduce new beverage options, such as bubble milk tea, in the market. Bubble tea consumption and its association with mental health - PubMed info@pearllemongroup.com. In-depth analysis and the bubble tea market size and segmentation assists in determining the prevailing bubble tea market opportunities. 2016. 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. Bubble tea is made by adding fruit syrup or milk to (usually cold) tea and then shaking the . If youre looking for a sweet, refreshing drink that doesnt compromise on flavor or quality, bubble tea is the answer. Most other Southeastern Asian countries drink three cups monthly on average. Tea - 2023 Data - 2009-2022 Historical - 2024 Forecast - Price - Quote Get in touch with us. A. Published. The research report includes quantitative and qualitative insights into the market. Data at LGA level is also presented. 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. 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. Aug 16, 2022, 1:25 PM SGT. By region, North America was the most prominent regional market in 2019. Blog - Pearl Lemon Boba | All About Bubble Tea Premium Statistic Global tea consumption 2012-2025 . What are the key factors driving the market? Availability of Other Caffeinated Drinks to Impede Growth. Over 90% of the tea consumed is Black Tea, about 5% Green Tea, 1% Oolong Tea and the balance flavored, scented, or mixed teas. Table 1 shows the frequency of bubble tea consumption, and the prevalence of symptoms of depression and anxiety according to the covariates age, gender, sociodemographic and lifestyle factors. 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. Meanwhile, Philippinos drink five cups of this tea per month. These organizations are focusing on product innovation and targeting the millennial consumer as the group is known for its willingness to experiment with new flavors. This is a very good piece of work and will be very helpful to us going forward. Aug 24, 2022 03:14pm. Moreover, higher expenditure of consumers on healthy beverages adds to the popularity of bubble tea in theregion. These drinks are made with milk tea and tapioca pearls (to make the bubbles), which contain a lot of natural sugar. 12. Coffee Consumption Statistics: 2021 - Urban Bean Coffee Global Bubble Tea Market Dynamics, Regional Analysis, Segmentation, Competitive Landscape, COVID-19 Impact, Recent Developments and SWOT Analysis of Key Over 95% of females in the united states have tried bubble tea, while 81% of males . An average, medium-sized serving of bubble tea has, on average, 335 calories. Deep Vein Thrombosis (DVT) Therapy Market Valuation Worldwide 2023 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. 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. Various key insights presented in the report are an overview of related markets, competitive landscape, recent industry developments such as mergers & acquisitions, regulatory scenario in critical countries, and key bubble tea industry trends. The black tea segment is expected to be the leading segment in the global market. Europe also witnessed growth in the pearl milk tea market around the same time as other Asian countries. 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. However, excess sugar content in these drinks leading to health issues and trend of coffee consumption are expected to restrict the market growth. 19 Shocking Tea Consumption Statistics - BrandonGaille.com We value them as a research company worthy of building long-term relationships., Well done Fortune Business Insights! 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. Because of its proximity to Taiwan, where bubble tea was created, China quickly became a fan of the sweet beverage. Bubble tea truly is an international drink! 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. 7. Virtually any fruit that you can think of can be enjoyed in a bubble tea drink. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes. Very Popular Bubble Tea - Allrecipes a more convenient consumption option, compared with hot cereals, which can require the addition of boiling water or milk. Your email address will not be published. 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 . Fruit Flavor Segment is Dominating Backed by High Consumer Preference. 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. Girls and women are the primary demographic among bubble tea drinkers, with 95% having tried it. Heycha and Yicha both have similar-sounding names and include refreshing fruit teas as part of their star offerings. Ltd. Adults' total beverage consumption drops steadily with age. 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. As per the report, sales will increase at a 4.2% CAGR over the forecast period, reaching US$ 354.6 Mn by 2032. Read More . Based on our analysis, the global market exhibited a slower growth of 2.76% in 2020 as compared to 2019. There are six official types of bubble tea. Bubble Tea originated in Taiwan in the early 1980's at a small tea stand. And if you have a sweet tooth, its SO GOOD. 10. 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. Our objective was to assess the nutritional profile of popular menu items available through OFD applications in Bangkok, Thailand. Chocolate flavored milk tea is tremendously popular in which chocolate powder is blended with milk to strengthen its flavor. Based on the distribution channel, online retailing is expected to exhibit a CAGR of 11.9%. 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. Market size and forecast, by Flavor, 2020-2028 10. 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. Who drinks bubble tea? What statistics can tell us about - Australia Ice-blended versions are usually mixed with fruit or syrup, resulting in a slushy consistency. Clicking on the following button will update the content below. As a result, other plant-based hot . 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 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 . Quick Facts. 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. The industry shows no signs of slowing down, and in fact, appears to be growing exponentially with every passing year. Survey: Millennials, Gen Z Big Fans of Bubble Tea Health beneficial attributes such as low-fat, low-calorie content, and presence of anti-inflammatory properties are the key driving factors of the market. Boba tea is creating a buzz among individuals worldwide, owing to its growing appeal and novelty. Tea in Kenya. The valuation of the out-of-home segment at retail prices means a significant change of the market definition in comparison to earlier iterations of the Consumer Market Outlook, as out-of-home consumption was valued at wholesale prices before. [1] Rising consumption of tea and coffee as nootropic drinks among students and working-class population is a key factor for the market growth. 02 Each tapioca ball has 5 to 14 calories. 2. Teenagers and people in their 20s consistently account for the highest consumer percentage of bubble teas. The global COVID-19 pandemic has been unprecedented and staggering, with bubble tea experiencing lower-than-anticipated demand . As of December 2018, GrabFood's bubble tea network encompasses over 1,500 brands with 4,000 outlets throughout . Boost your students confidence by putting their results next to the public's info@pearllemongroup.com. Toss in the pearl tapioca. 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 . Bubble tea is extremely high in calories. In the United States, 95% of women have tried bubble tea as opposed to 81% of men. 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! 7.3.9.1. Among various flavors, fruit flavor is more popular, and this segment dominated the market in 2019. 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. This beverage has undergone a few waves of popularity in Singapore. In the Tea segment, volume is expected to amount to 18.6mkg by 2025. Although people of all ages frequently enjoy bubble teas across the globe, younger people tend to drink them more frequently. Bubble tea shops, or Boba tea as it is frequently called in America, can be found in almost every major city across the country. 50 Bubble Tea Facts That You Should Know About It comes with the additional cost of $2500.00 contact sales. Bubble Tea Market Analysis, Growth & Forecast 2027 - Yahoo! According to the bubble tea market analysis, based on base ingredient,the black tea segment generated maximum revenue in 2019 and is expected to continue this trend throughout the forecast period. According to the CXOs, Europe is projected to register significant growth as compared to Asia-Pacific and North America due to rapid urbanization, rise in consumption of healthy beverages, and low price of bubble tea. How much sugar was consumed? Until 2025, the tea market in Philippines is forecast to reach 109.79 million USD (in retail prices), thus increasing at a CAGR of 6.70% per annum for the period 2020-2025. SOURCES OF FREE SUGARS - Australian Bureau of Statistics Cook for about 20 minutes. From Farmer Welfare and Supply Chain to the Latest Trends, Tea Experts Share Insights. Organic Tea Market Size, Share and Growth [2020-2027] Furthermore, a decline in the growth of bubble tea consumption is witnessed due to strong restrictions on import and export facilities. It is expected to be the fastest growing segment owing to consumers' inclination towards the convenience offered. Awareness about health issues and their relation to meat consumption has resulted in a shift towards vegan and plant-based diets. 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. 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. 11. Moreover, rise in consumption of flavored bubble tea in young generation fuels thebubble tea market growth. The market is expected to grow at a CAGR of 7.40%, during the forecast period. PDF Global Market Report: Tea - International Institute for Sustainable This segment does not include herbal tea, instant tea, iced tea or similar tea-derived Ready-to-Drink beverages. According to a recent consumer study, 94% of people between ages 20 and 29 have purchased bubble tea within the last 3 months. 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. With bubble teas sudden increase in popularity, it should be no surprise that the industry is only expected to keep growing. For instance, in September 2020, Chen Shucheng started a new bubble milk tea franchise in Singapore called Meme Xpress. Fruit-flavored bubble teas account for the largest percentage of bubble tea consumed at 37%. 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. 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. 5. If you love bubble tea and are looking for a make your own bubble tea kit, this is the place! About | Privacy Policy |Contact | Advertise | Support. Over of the bubble tea enjoyed around the world is fruit-flavored. 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. Revenue in the Tea segment amounts to US$1.40bn in 2023. The success of bubble tea in China explained - Daxue Consulting All these aspects necessitate the manufacturers to develop premium quality teas by keeping the consumer demands in mind.

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