The major countries in each region are mapped according to their revenue contribution to the global bubble tea market. For example, according to . Using new techniques such as molecular nitrogenation also adds innovation to the traditional recipe, thus further opening numerous opportunities for the market to bolster growth. We are happy to help. 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. For one, there are all of the sweet flavors and fun combinations of ingredients you can get. They are made from cassava starch, a common ingredient in Brazilian culture, and they take time, effort, and skill to make properly. 2023 Allied Market Research. Stir until the sugar has dissolved and the milk is well mixed in. 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). 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. 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. 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. The outbreak of COVID-19 forced government bodies to impose strict closure of restaurants, farms, and factories to maintain safety measures and implement social distancing. All these aspects necessitate the manufacturers to develop premium quality teas by keeping the consumer demands in mind. 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. 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 . . 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. Contact Sales for Further Assistance in Purchasing this Report @ https://www.futuremarketinsights.com/checkout/12310. China is one of the prominent regions in the market that accounted for a sizeable share of the total market in 2019. Since our launch, weve worked on more than 1,000 projects for clients around the world. Additionally, due to Australia's climate, tea is able to be grown and produced in northern Australia. Bubble tea is also known as (Zhen Zhu Nai Cha) directly translates to pearl milk tea, but is also known as boba tea in . 02 Each tapioca ball has 5 to 14 calories. Availability of Other Caffeinated Drinks to Impede Growth. The size of the global Bubble Tea Market in 2019 was $2,407.6 million. This can be attributed to change in preference of consumers toward healthy beverages and better taste. 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 . 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. To know how our report can help streamline your business, Speak to Analyst, Shift of Consumers toward Black Tea Due to its Health-Imparting Properties Boosts Market's Performance. Of the 30 countries that enjoy bubble tea, most are in Asia. 10. Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on thePlant Based Marketthat throws light on potential opportunities andinvestments made in the Global plant based market. 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. Bubble tea is extremely high in calories. Singapore market is forecasted to grow at a CAGR of 10.7%. This is likely due to its naturally sweet flavor and all of the different varieties of teas that are available. 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. Chatime, Gong Cha, Coco Fresh Tea & Juice, and Lollicup USA, Inc. are the leading players in the market. 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. 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. In 2018, there were over 450,000 shops selling bubble tea in China. The forecast period in the global bubble tea market report is 2019-2027. Let's assume that the daily maintenance calories for an average adult man are 2,500 kcal, and for an average adult . Art & Craft. 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. 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. 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. 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. Press release from: Analytics Market Research. 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. The adoption of bubble tea has been quite high in mature regions such as the U.S., Canada, and Germany while emerging countries such as China, Brazil, and India are catching up quickly. 10. This can be attributed to the rise in awareness regarding healthy lifestyle and higher adoption of healthy beverages by health-conscious consumers. Green tea has shown long-term energy inducing properties and has a positive effect on the regulation of body weight. 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. This was attributed due to rise in the consumption of tea based everages across the world. So, if we live in a postcode that is all expats, we would assume a 70% chance of a bubble tea shop being located there. December 17, 2022. The chewy tapioca balls or pearls are undoubtedly the stars of any bubble tea drink. Boba tea, or "bubble tea," has been around since the late 1980s in Taiwan. Europe also witnessed growth in the pearl milk tea market around the same time as other Asian countries. Bubble tea shops, or Boba tea as it is frequently called in America, can be found in almost every major city across the country. Clicking on the following button will update the content below. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive, Please pass on our sincere thanks to the whole team at Fortune Business Insights. Originally created in Taiwan in the 1980s, bubble tea has quickly exploded in popularity. 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. For those looking to cut back on sugar, bubble tea may not be the best choice. 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. However, the sweeteners segment is expected to witness the highest growth, owing to rise in demand for sweet beverages across the globe. Strong dependency on Asian countries to source raw materials acts as one of the major restraints in the market. A typical serving of bubble tea at a chain might cost $3 to $5 for a 16- to 20-ounce cup. Although there are plenty of bubble tea flavors to choose from, fruit teas tend to be the most popular. Most other Southeastern Asian countries drink three cups monthly on average. Bubble milk tea has emerged as a cultural icon for the world and symbolizes Taiwans food innovation to promote its existence amidst the food service industry. Bubble tea truly is an international drink! 11. Bubble milk teas surge in popularity is mainly attributed to taste, affordability, and the rising reinvention of the basic tea recipe. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. This is far higher than the cost of a similar amount of milk or juice, but the high price does not seem to deter people from making it their go-to beverage. 10. Against this backdrop, the market valuation is projected to reach US$ 245 Mn by 2032. Ready-to-Drink variants are instead aggregated into the segment Ready-to-Drink (RTD) Tea in the Non-Alcoholic Drinks market. The segment is expected to display an 11.4% CAGR, and account for more than 38% of the global market share. India and Australia will lock horns in the Third Test of the ongoing Border-Gavaskar Trophy at Indore's Holkar Cricket Stadium from March 1 onwards. 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 . Tea is a large part of modern Australian culture due to its British origins. Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. Over of the bubble tea enjoyed around the world is fruit-flavored. The bubble tea market was valued at $2.4 billion in 2019 and is estimated to reach $4.3 billion by 2027, registering a CAGR of 7.80% from 2020 to 2027. The market value of the bubble tea market is anticipated to reach a high of US$ 5.82 billion by the year 2032. Graph. Bubble milk tea has a strong market potential as it offers various types and flavors of boba teas, such as fruit-flavored, green jasmine, and black tea-based milk tea, across the globe. info@pearllemongroup.com. 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 30 Tea Drinkers vs. Coffee Drinkers Statistics. China is a major bubble tea manufacturer. US Coffee Statistics. Companies in the Industry are Aggressively Expanding their Franchisees to Cater to the Growing Demand. China is projected to exhibit a 7.5% CAGR. 16. After decades of slowly increasing in popularity, the big bubble tea boom happened in 2018. Brands, such as Koi The Co, Moge Tee, and M.A.D. Address Shop 14, 375 William Street, Northbridge, Western Australia, WA, Australia 6003 Phone Number 0434039801 Categories Bubble Tea Shop, Tea Room 2. The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the industry. Thailand leads in . 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 typically sells for about $3 to $5 for a 16- to 20-ounce serving. 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. With globalization, new trends have started striking the food service market, thereby influencing the young generation to try new beverages. The value of its market is estimated to be $5.2 billion. Bubble tea is a beverage originating from Taiwan comprising tea with fruit syrup or milk added, and then shaken. Toss in the pearl tapioca. 13. Among participants, 647 (88%) consumed less . 84% of the tea that is consumed is black tea. The appearance of the finished drink is what led to its name. Bubble tea has a sweet, sour, and tangy taste that varies depending on the type of fruit used. The market was expected to reach a valuation of US$ 2.3 Bn by the end of 2021. Followed by Asia Pacific, the North America bubble tea market share emerged to be the second-largest and is likely to maintain its position throughout the forecast period. 03 Locally called "po po ch," Singapore has sold bubble tea since 1992. The article shared insights on the bubble tea craze in Southeast Asia. Although people of all ages frequently enjoy bubble teas across the globe, younger people tend to drink them more frequently. This bubble tea craze has taken over. For instance, in September 2020, Chen Shucheng started a new bubble milk tea franchise in Singapore called Meme Xpress. Heycha and Yicha both have similar-sounding names and include refreshing fruit teas as part of their star offerings. According to the report, bubble tea orders had increased at a whopping 3,000 percent in 2018. All Rights Reserved. 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. These drinks are made with milk tea and tapioca pearls (to make the bubbles), which contain a lot of natural sugar. Asia-Pacific (APAC) dominates the bubble tea market because of the high consumption of the bubble tea within the region. The market is expected to grow at a CAGR of 7.40%, during the forecast period. A. By flavor, the market is classified into coffee, fruit, chocolate, original, and others. Tea is one of the most popular beverages consumed worldwide. The campaign will be extended due to the tremendous profit achieved, which motivates the company to broaden its product offerings and brand position. Manufacturers are capitalizing on improving the functionality of boba drinks ingredients to cater to the rising demand from consumers. To get the sample of bubble tea market report, click on the link (Please paste the link here). USD 1,195. Originating in Taiwan, the drink typically consists of tea, milk/cream, and sugar accompanied by tapioca pearls. Accelerated demand for healthier beverage alternatives to carbonated drinks coupled with shifts in consumer preferences is fueling market growth for bubble tea. 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. Rising consumption of tea and coffee as nootropic drinks among students and working-class population is a key factor for the market growth. 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. 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 . We dont recommend anyone making it a daily indulgence. 11.2% of Victorian adults consume sugar sweetened beverages daily. But in case you dont Its tea served with a giant chewy ball of tapioca at the bottom of the cup. 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. Bubble tea consumption gender-wise: According to the statistics, bubble tea is a favorite drink of women. a more convenient consumption option, compared with hot cereals, which can require the addition of boiling water or milk. More Insights into the Bubble Tea Market Report. Due to social media, bloggers documenting their bubble tea experience, and other factors, bubble tea stores continue to flourish and expand their offerings in this region. What are the key factors driving the market? We selected the top 40 popular menu items from three of the most commonly used OFD applications in 2021. Who are the leading players in the market? making yummy bubble tea with BBT Club today. 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. 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. Market size and forecast, by Flavor, 2020-2028 Theres a lot more to bubble tea than meets the eye, and weve discovered all of the reasons that its a global favorite. Based on the distribution channel, online retailing is expected to exhibit a CAGR of 11.9%. By component, it is classified into flavor, creamer, sweetener, liquid, tapioca pearls, and others. Sometimes they are blended with ice to give them a more slushy-like consistency. Apart from the variety of flavors available, one of the primary elements fueling the expansion of bubble tea Industry is the health benefits. Rising Raw Material and Transportation Cost Due to the Pandemic to Slow Down the Market Growth. If you love bubble tea and are looking for a make your own bubble tea kit, this is the place! There are 250 different flavors of bubble tea. Moreover, rise in consumption of flavored bubble tea in young generation fuels thebubble tea market growth. 8. Thailand leads in bubble tea consumption at an average of 6 cups per person per day. Tapioca balls or "pearls" are often added to the concoction as well. And if youre looking for all the facts and figures that back up our claim, you have this blog post. Tapioca pearls are made from cassava flour, of which Nigeria is the worlds largest exporter (21%). The market is expected to grow annually by 2.61% (CAGR 2023-2025). Get in touch with us. Ltd. 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 of 2021-2031. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes. The market is anticipated to be valued at US$ 46.0 Mn in 2032. An Infographic Representation of Bubble Tea Market, To get information on various segments, share your queries with us. It looks like the bubble tea craze isn't going anywhere soonat least, according to GrabFood data that states bubble tea orders in Southeast Asia saw a 3,000 percent growth rate in 2018. 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 market for Tea segment is expected to show a volume growth of 1.6% in 2024. It is made using green tea, white tea, black tea, or oolong tea. What may surprise you though is the amount of sugar! 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. How Much Is the Bubble Tea Industry Worth. Moreover, increase in disposable income and economic growth in advanced & emerging economies support the market growth. 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). Global Bubble Tea Market Dynamics, Regional Analysis, Segmentation, Competitive Landscape, COVID-19 Impact, Recent Developments and SWOT Analysis of Key Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. 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". 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. The incredible success of bubble tea in China since 1996.
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