Bubble tea has a milk base and includes ingredients like chewy tapioca balls, or fruit jelly and boba. 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. Bubble milk teas surge in popularity is mainly attributed to taste, affordability, and the rising reinvention of the basic tea recipe. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. USD 1,195. 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. Since then, however, bubble tea has expanded across the rest of Asia, and there was a sudden explosion of popularity during 2018, particularly in Singapore. This growth is fueled by the perceived health benefits of green tea. Thank you for contacting us, our sales representative will get in touch with you shortly! This is a decrease, compared to the growth of about 7.64% per year, registered in 2015-2019. Pune, India, Oct. 26, 2021 (GLOBE NEWSWIRE) -- The global bubble tea market size is expected to reach USD 3.39 billion by 2027 .
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. The consumption of organic tea rose by 1.06 million gallons in 2018. 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. It slowly spread throughout Asia before gaining popularity in the U.S. and across the globe. Bubble tea made a rise in popularity in 2018 with a 3000% increase in orders from Southeast Asia. Join over 60,000 Bubblers (that's what we call our lovely customers!) 10. Bubble tea is a mix of milk, tea, and fruit juice with added bubbly-looking toppings (like tapioca balls). This means, market totals are not comparable to published data from prior years. 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. Theres a lot more to bubble tea than meets the eye, and weve discovered all of the reasons that its a global favorite. All Rights Reserved. It should be no surprise then that sugar is a primary ingredient in the drink. It is expected to be the fastest growing segment owing to consumers' inclination towards the convenience offered. Pour into a glass, and add tapioca. Boba tea is creating a buzz among individuals worldwide, owing to its growing appeal and novelty. Pour tea, milk, and 4 teaspoons sugar into a cocktail shaker. 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! Statista. page 1 . 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 . Looking forward to work together in the future, It has been a delightful experience working with you guys. 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 (%) . 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 30 Tea Drinkers vs. Coffee Drinkers Statistics. 2. Modern Asian Desserts, expanded its business in the country by introducing various boba milk tea outlets. If you love bubble tea and are looking for a make your own bubble tea kit, this is the place! But in case you dont Its tea served with a giant chewy ball of tapioca at the bottom of the cup. 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. Graph. By 2025, 70% of spending and 10% of volume consumption in the Tea . Chocolate flavored milk tea is tremendously popular in which chocolate powder is blended with milk to strengthen its flavor. 03 Locally called "po po ch," Singapore has sold bubble tea since 1992. If youre looking for a sweet, refreshing drink that doesnt compromise on flavor or quality, bubble tea is the answer. 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. Boba tea, or "bubble tea," has been around since the late 1980s in Taiwan. 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. 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. Bakery Products Market Share: The global bakery products market is estimated to reach US$ 235 Mn in 2022. 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. 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. Tapioca balls or "pearls" are often added to the concoction as well. 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. An average, medium-sized serving of bubble tea has, on average, 335 calories. By component, it is classified into flavor, creamer, sweetener, liquid, tapioca pearls, and others. The percentage of tea that is consumed which is green tea: 15%. 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. For instance, in September 2020, Chen Shucheng started a new bubble milk tea franchise in Singapore called Meme Xpress. Such challenges cumulatively hamper the growth potential of the global market. 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. Ltd.
China is one of the prominent regions in the market that accounted for a sizeable share of the total market in 2019.
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. Brands, such as Koi The Co, Moge Tee, and M.A.D. Background: Bubble tea has become enormously popular in China in recent years. The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca. We are happy with the professionalism of your in-house research team as well as the quality of your research reports. These latest product ranges further act as a marketing strategy to attract a vast consumer base worldwide. Bubble tea is made by adding fruit syrup or milk to (usually cold) tea and then shaking the . Availability of a Wide Range of Products for Enticing Younger Generation to Boost Growth. Emerging countries such as China, India and Brazil growing with the CAGR of 8%, 9.5%, and 8.3% respectively. The manufacturers or entrepreneurs in the boba tea industry are venturing upon the launch of their own restaurants/cafes to attract consumers and fortify their market presence. The black tea segment is expected to be the leading segment in the global market. Between 2021 and 2028, the global tea market is expected to grow at a CAGR of 6.6%. 84% of the tea that is consumed is black tea. 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. China is projected to exhibit a 7.5% CAGR. Elementary school children would look forward to buying a cup of refreshing tea after a long, hard day of work and play. Adults' total beverage consumption drops steadily with age. The availability of different types of milk tea offers numerous options for consumers to enjoy. 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. Ice-blended versions are usually mixed with fruit or syrup, resulting in a slushy consistency. The market is expected to grow at a CAGR of 7.40%, during the forecast period. The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. Tea is the second most popular drink in the world, with water at first place. The size of the global Bubble Tea Market in 2019 was $2,407.6 million. What are the key factors driving the market? 11.2% of Victorian adults consume sugar sweetened beverages daily. According to the recent report by FMI, based on base ingredient type, the green tea segment is expected to dominate the market over the forecast period. Future Market Insights Global and Consulting Pvt. Based on the base ingredient, green tea will lead the market growth over the forecast period.
(World Atlas)3.The USA ranks 11th among the countries with the highest caffeine consumption, with a rate of 200 mg per person per day. The market is projected to grow from USD 2.29 billion in 2022 to USD 3.78 billion by 2029, exhibiting a CAGR of 7.40% during the forecast period. In this era, the growing consumer preferences for products depend on various factors such as choice of taste, price, brand, and location accessibility. 7. Bubble tea is also known as (Zhen Zhu Nai Cha) directly translates to pearl milk tea, but is also known as boba tea in . When you look at the marketing for bubble tea, the numbers make sense. The key players in the industry receiving high levels of popularity and response from customers are franchising their businesses into different locations. The forecast period in the global bubble tea market report is 2019-2027. +44 208 097 3636. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. The industry shows no signs of slowing down, and in fact, appears to be growing exponentially with every passing year. The current valuation of the market is US$ 2.50 billion in 2022. According to the report, bubble tea orders had increased at a whopping 3,000 percent in 2018. The segment is expected to display an 11.4% CAGR, and account for more than 38% of the global market share.