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. Increased demand for bubble tea has been fuelled by pearl milk tea, which is becoming increasingly popular as one of the healthier alternatives to carbonated beverages. 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. Consumption of sugar sweetened and diet drinks in adults. The global Bubble Tea Market is expected to $4,368.6 million in 2027. It slowly spread throughout Asia before gaining popularity in the U.S. and across the globe. Who are the leading players in the market? On the basis of flavor, it is categorized into original flavor, coffee flavor, fruit flavor, chocolate flavor, and others. The average volume per person in the Tea segment is expected to amount to 0.68kg in 2023. 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 key players in the industry receiving high levels of popularity and response from customers are franchising their businesses into different locations. Over 95% of females in the united states have tried bubble tea, while 81% of males . 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. 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. Today, millennials, zennials, and gen z account for the vast majority of the countrys bubble tea consumption. Bubble tea is made by adding fruit syrup or milk to (usually cold) tea and then shaking the . Market size and forecast, by Flavor, 2020-2028 01 The first bubble tea came out in the early 1980s. In addition, the companies are focusing on the growing incidences of lactose intolerance, and thus are working toward introducing lactose-free bubble milk tea options for individuals. India is currently 1-0 up in the series, which has seen Indian spinners dominating both the tests in Nagpur and Delhi. Moreover, increase in disposable income and economic growth in advanced & emerging economies support the market growth. 7.1% consumed diet drinks daily. In 2019, the black tea segment accounted for more than half of the share in the total bubble tea market and is expected to grow at a CAGR of 7.50% throughout the forecast period. The mean age of study participants was 24 years and the age range was 18 or older to younger than 30 years. 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. Consumption declines with age. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. Bubble tea first appeared in Thailand ten years ago, but since has gone out of market trend, staged a strong comeback, and established itself in the region. 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! A study conducted by the Tea Board of India revealed some interesting consumption patterns among Indian tea drinkers: About 80% tea drinkers in India consume it either with or before breakfast . Some specialty shops have menus with smaller sizes and prices as low as $2 to $3 per serving. CXOs from the leading companies perceive that product innovation, development of newer flavor, and use of organic preservatives & color in the manufacturing process are the major areas of growth for the bubble tea market. Bakery Products Market Share: The global bakery products market is estimated to reach US$ 235 Mn in 2022. 04 For a short time in 2012, all 800 branches of McDonalds in Germany sold bubble tea. Boba tea is creating a buzz among individuals worldwide, owing to its growing appeal and novelty. If theres one thing you can count on, its that bubble tea is going to be more popular among women than men. Six in ten (59.7%) did not usually consume either sugar sweetened or diet drinks. Read More . Looking forward to work together in the future, It has been a delightful experience working with you guys. Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. Meanwhile, Philippinos drink five cups of this tea per month. This, along with the rise in dairy alternatives is fueling market growth of bubble tea in the U.S. China bubble tea market is forecasted to grow at a 7.5% CAGR. 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 . 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. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022. However, excess sugar content in these drinks leading to health issues and trend of coffee consumption are expected to restrict the market growth. 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. This segment does not include herbal tea, instant tea, iced tea or similar tea-derived Ready-to-Drink beverages. Were guessing you already know what bubble tea is. FB : Beverages| Pages: 261 | Author(s) : Vaibhav S , Roshan D, Single User License, Five User License & Enterprise User License. A South Australian Health Omnibus Survey (SAHOS) done in 2014 showed that there was a . 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. Save my name and email in this browser for the next time I comment. Let's assume that the daily maintenance calories for an average adult man are 2,500 kcal, and for an average adult . But in case you dont Its tea served with a giant chewy ball of tapioca at the bottom of the cup. Bubble tea truly is an international drink! All rights reserved. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. Tea stands were set up in front of the schools and would compete for business with the best selling tea. Rinse, drain, and refrigerate until chilled. 02 Each tapioca ball has 5 to 14 calories. Future Market Insights Global and Consulting Pvt. Published. Chewy tapioca balls or different flavored jellies are then added to give bubble tea the fun, chewy texture that it is known for! Contact Sales for Further Assistance in Purchasing this Report @ https://www.futuremarketinsights.com/checkout/12310. 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. The Asia Pacific bubble tea market is expected to flourish with multiple market opportunities. The global market is projected to reach US$ 194.7 Bn by 2032. Its not just the sugar that gives these drinks their sweetness, though; many restaurants also add sweeteners to them. 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. There are six official types of bubble tea. This beverage has undergone a few waves of popularity in Singapore. Future Market Insights Global and Consulting Pvt. Grab also reported that on average, Southeast Asians drink an average of four cups of pearl milk tea per person per month. page 1 . Your email address will not be published. | Source: The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the industry. 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. It's the second most-consumed drink in the world, only behind water. The global bubble teamarket holds a substantial scope for growthduring the forecast period. Boost your students confidence by putting their results next to the public's 3. This can be attributed to the rise in awareness regarding healthy lifestyle and higher adoption of healthy beverages by health-conscious consumers. Boba tea, or "bubble tea," has been around since the late 1980s in Taiwan. 15. 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.. Furthermore, there has been an increase in boba stores in the U.S. and Canada, owing to the shift in consumer preferences toward no andlow-alcohol beverages, which has further contributed to the market growth. The global bubble tea market size was valued at USD 2.17 billion in 2021. 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 requesting a call back, our sales representative will get in touch with you shortly! 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. One cup of tea is assumed to contain 2 grams of tea. 4364..55.011 - Australian Health Survey: Consumption of added sugars, 2011-12. What may surprise you though is the amount of sugar! US Coffee Statistics. For people aged 71 or older, the figures were substantially lower, at 1,584 grams and 1,532 grams, respectively. Get in touch with us. Aug 16, 2022, 1:25 PM SGT. The segment is expected to display an 11.4% CAGR, and account for more than 38% of the global market share. Availability of a Wide Range of Products for Enticing Younger Generation to Boost Growth. Tea is a large part of modern Australian culture due to its British origins. For example, according to . 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. Key players in the global bubble tea market are focusing on releasing novel and unique flavors of bubble tea. 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. 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. Were big enough to handle massive projects, and yet also nimble enough to come up with names on demand that hit every time. +44 208 097 3636. Statista. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. Victorian Government, Department of Health and Human Services. If youre looking for a sweet, refreshing drink that doesnt compromise on flavor or quality, bubble tea is the answer. Europe is expected to witness significant growth during the forecast period of 2022 to 2029 because of the increase in the demand for healthy hot beverages in the region.