In this era, the growing consumer preferences for products depend on various factors such as choice of taste, price, brand, and location accessibility. This is for a full-sugar serving that contains 60 g of sugar. The chewy tapioca balls or pearls are undoubtedly the stars of any bubble tea drink. However, the consumption of tea is not as prominent as the popularity of coffee in South American countries such as Argentina and Brazil. 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. Symptoms of . However, since the ease of lockdowns, governments have proposed several initiatives and strategies to help the companies in recovering the losses across the globe. Pune, India, Oct. 26, 2021 (GLOBE NEWSWIRE) -- The global bubble tea market size is expected to reach USD 3.39 billion by 2027 . Strong dependency on Asian countries to source raw materials acts as one of the major restraints in the market. Statista. 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. The demand for bubble tea is predicted to grow at an impressive rate. Bubble tea is extremely high in calories. Teenagers and people in their 20s consistently account for the highest consumer percentage of bubble teas. Despite the burgeoning demand for such innovative tea beverages, the wide availability of other caffeinated and conventional drinks, such as coffee and chocolate, coupled with the prominent coffee consumption trends in Western countries, poses a threat to market growth. The drink became popular during the 1990s, just in time for millennials to develop a taste for it. A. Published. South America is anticipated to grow in terms of sales volume of the products in the coming years. China is one of the prominent regions in the market that accounted for a sizeable share of the total market in 2019. They are made from cassava starch, a common ingredient in Brazilian culture, and they take time, effort, and skill to make properly. In relation to total population figures, per person revenues of US$53.14 are generated in 2023. At the end of the day, its not much worse than an occasional soda would be for the average person, but its important to remember to only have bubble tea once in a while. In addition, as Europe is not highly indulged in tea production and mostly relies on other regions for the supply of tea, it somehow limits the market growth. With shops all around the world in many major cities, its easy to indulge your bubble tea craving when you want to! Bubble tea is made by adding fruit syrup or milk to (usually cold) tea and then shaking the . Pour into a glass, and add tapioca. Bubble tea truly is an international drink! Bubble tea . Background: Bubble tea, also known as boba or boba milk tea, has exploded in popularity in recent years, with the global boba market projected to reach 3.39 billion USD by the end of 2027. Address Shop 14, 375 William Street, Northbridge, Western Australia, WA, Australia 6003 Phone Number 0434039801 Categories Bubble Tea Shop, Tea Room The current valuation of the market is US$ 2.50 billion in 2022. 10. The global market is projected to reach US$ 194.7 Bn by 2032. And if you have a sweet tooth, its SO GOOD. By region, North America was the most prominent regional market in 2019. Save my name and email in this browser for the next time I comment. The market for Tea segment is expected to show a volume growth of 1.6% in 2024. 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. Virtually any fruit that you can think of can be enjoyed in a bubble tea drink. 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. Global Demand for Coffee - Despite the demand for coffee in the United States, the country only ranks 25th in per capita coffee consumption. Availability of a Wide Range of Products for Enticing Younger Generation to Boost Growth. The bubble tea industry is expected to reach $3.39 billion by 2027. It comes with the additional cost of $2500.00 contact sales. It slowly spread throughout Asia before gaining popularity in the U.S. and across the globe. Bubble tea is a beverage originating from Taiwan comprising tea with fruit syrup or milk added, and then shaken. By base ingredient, it is divided into black tea, green tea, oolong tea, and white tea. 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. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. Unilever (Lipton), Associated British Foods (Twinings) and Tata Global Beverages (Tetley) are globally the most important players by revenue. Adults' total beverage consumption drops steadily with age. 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. 84% of the tea that is consumed is black tea. This was attributed due to rise in the consumption of tea based everages across the world. Were big enough to handle massive projects, and yet also nimble enough to come up with names on demand that hit every time. 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. Bubble tea consumption gender-wise: According to the statistics, bubble tea is a favorite drink of women. Moreover, increase in disposable income and economic growth in advanced & emerging economies support the market growth. From Farmer Welfare and Supply Chain to the Latest Trends, Tea Experts Share Insights. About | Privacy Policy |Contact | Advertise | Support. 2. The 30 Tea Drinkers vs. Coffee Drinkers Statistics. The global bubble tea market size was valued at USD 2.17 billion in 2021. 11.2% of Victorian adults consume sugar sweetened beverages daily. Chatime, Gong Cha, Coco Fresh Tea & Juice, and Lollicup USA, Inc. are the leading players in the market. Tea is considered the second most popular drink of choice worldwide. The global market for organic tea is showcasing strong growth principally because of the growing knowledge regarding safer counterparts of organic products among consumers. 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. Among participants, 647 (88%) consumed less . Since our launch, weve worked on more than 1,000 projects for clients around the world. This means, market totals are not comparable to published data from prior years. The campaign will be extended due to the tremendous profit achieved, which motivates the company to broaden its product offerings and brand position. 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. A. There are six official types of bubble tea. Originating in Taiwan, the drink typically consists of tea, milk/cream, and sugar accompanied by tapioca pearls. Bubble Tea originated in Taiwan in the early 1980's at a small tea stand. Green tea has shown long-term energy inducing properties and has a positive effect on the regulation of body weight. 7.1% consumed diet drinks daily. For one, there are all of the sweet flavors and fun combinations of ingredients you can get. In 2014, over 77% of the tea brewed in the United States was prepared using tea bags. 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 . Art & Craft. Interesting Facts. Bubble tea has been gaining traction in emerging markets, owing to rise in its popularity.Furthermore, growth in health consciousness and increase in adoption of healthy beverages such as green tea, black tea, oolong tea, and white tea among consumers drive the market growth. 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. Picture via Instagram/yicha_malaysia and myheycha. By flavor, the market is classified into coffee, fruit, chocolate, original, and others. It also offers a detailed analysis of the market size and growth rate for all possible market segments. 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. 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. 1. Revenue in the Tea segment amounts to US$1.40bn in 2023. The other players operating in the global bubble tea market are Bubble Tea Supply Inc., ChaTime, CoCo Fresh, Quickly, Kung Fu Tea, BobaLoca, Happylemon, Share Tea, T Bun International, Fanale Drinks, Grand Chainly, and Huey-Yuhe Enterprise. Synthetic Food Colors Market Outlook: The global synthetic food colors market size is estimated to be valued at US$ 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. China is a major bubble tea manufacturer. Rising Raw Material and Transportation Cost Due to the Pandemic to Slow Down the Market Growth. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. Other players operating in the market are Boba Box Limited, Fokus Inc., Sumos Sdn Bhd, Troika J.C. (Qbubble), and Boba Tea Company. Clicking on the following button will update the content below. 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.. 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. A. The market was expected to reach a valuation of US$ 2.3 Bn by the end of 2021. For instance, in September 2020, Chen Shucheng started a new bubble milk tea franchise in Singapore called Meme Xpress. 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". The major countries in each region are mapped according to their revenue contribution to the global bubble tea market. Cassava flour itself comes from the cassava root, which is native to South America but has become a staple food in many African nations. Consumer Shift toward Healthy Alternatives to Favor Growth. Ready-to-Drink variants are instead aggregated into the segment Ready-to-Drink (RTD) Tea in the Non-Alcoholic Drinks market. Apart from the variety of flavors available, one of the primary elements fueling the expansion of bubble tea Industry is the health benefits. 12. [1] 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. Six in ten (59.7%) did not usually consume either sugar sweetened or diet drinks. The Asia Pacific bubble tea market is expected to flourish with multiple market opportunities. 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. If you love bubble tea and are looking for a make your own bubble tea kit, this is the place! 13. A typical serving of bubble tea at a chain might cost $3 to $5 for a 16- to 20-ounce cup. We dont recommend anyone making it a daily indulgence. China is projected to exhibit a 7.5% CAGR. (2.Americans rank 25th for coffee consumption per capita, with an average consumption of 4.2 kg per person per year. 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. This can be attributed to the availability of various options such as combination of various liquid flavors and syrups. On the basis of flavor, it is categorized into original flavor, coffee flavor, fruit flavor, chocolate flavor, and others. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. The U.S. market is anticipated to register a prolific CAGR of 12.4% over the forecast period. Young people between ages 20 and 29 are interested in bubble tea. 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. Thank you for contacting us, our sales representative will get in touch with you shortly! 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. Presently, themarket is moving toward growing stage and is expected to garner steady growth in major markets, which include the U.S., Germany, China, India, and Brazil. 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%.. 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. 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). The bubble tea market was valued at $2.4 billion in 2019 and is estimated to reach $4.3 billion by 2027, registering a CAGR of 7.80% from 2020 to 2027. It should be no surprise then that sugar is a primary ingredient in the drink. During the late 1980s and into the 1990s, bubble tea was only consumed in a select few countries including Taiwan, Hong Kong, China, and Japan. info@pearllemongroup.com. Nearly everyone in Thailand enjoys drinking bubble tea, to the point that they have surpassed every other country in the amount that they drink! Each . Nevertheless, manufacturers are trying to introduce new beverage options, such as bubble milk tea, in the market. In addition, due to the presence of artificial preservatives in bubble tea, consumers are changing their preference toward organic beverages, which hampers the growth of the global bubble tea market. Due to widespread popularity and prevailing trends as well as the presence of many bubble tea manufacturers in this region, the bubble tea market in China is expected to continue to flourish over the forecast period. Italy's economy contracted by 0.1 per centquarter-on-quarter in the final three months (Q4) of last year, thecountry's National Institute of Statistics (ISTAT) said.On a year-on-year basis, gross domestic product (GDP) in the quarterincreased by 1.4 per cent, against the originally estimated 1.7 percent, reports Xinhua news agency citing ISTAT . The appearance of the finished drink is what led to its name. Just over half (52%) of all free sugars consumed were from beverages, led by soft drinks, sports and energy drinks (19%), fruit juice and fruit drinks (13%), with the sugar added to beverages such as tea and coffee contributing 7.3% and . Sunset Yellow FCF Market Sales: The sunset yellow FCF sales are slated to grow at a CAGR of 6.25% between 2022 and 2032, totaling a market valuation of US$ 150 Mn by 2032. The article shared insights on the bubble tea craze in Southeast Asia. For better delivery of our new release, Please help us undestand your interest Industry and Frequency that you prefer to get the new releases. Market size and forecast, by Flavor, 2020-2028 The percentage of tea that is consumed which is green tea: 15%. info@pearllemongroup.com. 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. Bubble tea, also known as Boba or Boba tea, is rapidly becoming one of the worlds favorite beverages. 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. Consumption declines with age. bubble tea popularity statistics singapore; how many bubble tea brands in singapore; Bubble Tea Popularity Statistics Singapore . Of the 30 countries that enjoy bubble tea, most are in Asia. 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).