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. The Asia Pacific market held the largest share and was valued at USD 0.90 billion in 2021. Future Market Insights Global and Consulting Pvt. 01 The first bubble tea came out in the early 1980s. 1 2 3 8. Most other Southeastern Asian countries drink three cups monthly on average. Many Thai people drink bubble tea daily, and in many cases may drink multiple cups per day. Singapore market is forecasted to grow at a CAGR of 10.7%. Nearly everyone in Thailand enjoys drinking bubble tea, to the point that they have surpassed every other country in the amount that they drink! 7.1% consumed diet drinks daily. The ICC World Test Championship final will be played in The Oval, London from June 7 to 11, where the conditions are pacer-friendly. Reduced sugar/ sugar-free bubble tea will gain traction over the assessment period. In the United States, 95% of women have tried bubble tea as opposed to 81% of men. This can be attributed to the rise in awareness regarding healthy lifestyle and higher adoption of healthy beverages by health-conscious consumers. Awareness about health issues and their relation to meat consumption has resulted in a shift towards vegan and plant-based diets. The global Bubble Tea Market is expected to $4,368.6 million in 2027. Coffee shop. This was attributed to rise in the fitness conscious people across the globe. Europe also witnessed growth in the pearl milk tea market around the same time as other Asian countries. 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). Some specialty shops have menus with smaller sizes and prices as low as $2 to $3 per serving. One kilogram therefore represents 500 cup equivalents. 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. Future Market Insights Inc.Christiana Corporate,200 Continental Drive,Suite 401, Newark,Delaware - 19713, USAT: +1-845-579-5705Report: https://www.futuremarketinsights.com/reports/bubble-tea-marketFor Sales Enquiries:
[email protected] all Reports: https://www.futuremarketinsights.com/reportsLinkedIn|Twitter|Blogs. The research report includes quantitative and qualitative insights into the market. Some of the most popular fruit flavors include strawberry, blueberry, green apple, pineapple, passion fruit, mango, lemon, watermelon, grape, peach, cantaloupe, banana, and kiwi among others. All these aspects necessitate the manufacturers to develop premium quality teas by keeping the consumer demands in mind. 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. The mean age of study participants was 24 years and the age range was 18 or older to younger than 30 years. 7.3.9.1. 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. 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. 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. It is expected to be the fastest growing segment owing to consumers' inclination towards the convenience offered. Thanks for sticking with me in this huge post. Countries such as Vietnam and Taiwan are projected to have the largest sales. With shops all around the world in many major cities, its easy to indulge your bubble tea craving when you want to! It slowly spread throughout Asia before gaining popularity in the U.S. and across the globe. The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca. 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. If you love bubble tea and are looking for a make your own bubble tea kit, this is the place! This is a decrease, compared to the growth of about 7.64% per year, registered in 2015-2019. They are made from cassava starch, a common ingredient in Brazilian culture, and they take time, effort, and skill to make properly. For people aged 71 or older, the figures were substantially lower, at 1,584 grams and 1,532 grams, respectively. 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. It is made using green tea, white tea, black tea, or oolong tea. Although there are plenty of bubble tea flavors to choose from, fruit teas tend to be the most popular. Find your information in our database containing over 20,000 reports, Consumer Market In 2014, over 77% of the tea brewed in the United States was prepared using tea bags. Thailand leads in bubble tea consumption at an average of 6 cups per person per day. 10. Consumption of sugar sweetened and diet drinks in adults. Versatility in flavor, health benefits, and social media trends drive the market. 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! 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. October 26, 2021 13:00 ET | Source: Fortune Business Insights. 12.
Moreover, as per researches conducted by different reputed organizations, tea is proven to prevent different type of cancers, lower cholesterol, help boost immunity, facilitate weight loss, and prevent neurological diseases.This indicates that the health benefits associated with bubble tea are anticipated to drive the overall market. 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 . Chocolate flavored milk tea is tremendously popular in which chocolate powder is blended with milk to strengthen its flavor.
Statista. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. 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. 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. Moreover, rise in consumption of flavored bubble tea in young generation fuels thebubble tea market growth. Cook for about 20 minutes. The Asia Pacific bubble tea market is expected to flourish with multiple market opportunities. We use cookies to enhance your experience. By region, North America was the most prominent regional market in 2019. https://www.grandviewresearch.com/industry-analysis/bubble-tea-market, https://foodinstitute.com/focus/survey-millennials-gen-z-big-fans-of-bubble-tea/, https://youthinsight.com.au/brands/more-girls-aware-of-bubble-tea-than-boys/, https://www.cnn.com/travel/article/taiwan-bubble-tea-origins/index.html, https://www.duluthnewstribune.com/8-things-you-might-not-know-about-bubble-tea-and-other-unexpected-holidays-this-week, https://www.fortunebusinessinsights.com/industry-reports/bubble-tea-market-101564, https://www.organicfacts.net/health-benefits/herbs-and-spices/bubble-tea.html, https://chinamarketadvisor.com/what-is-boba-and-why-is-it-so-popular/, https://theaseanpost.com/article/southeast-asias-bubble-tea-craze, https://www.worldteanews.com/Insights/millennials-and-gen-z-drive-21st-century-tea-preferences, https://www.honestfoodtalks.com/bubble-tea-flavors-boba-toppings/, https://www.healthline.com/nutrition/boba-cancer, https://mtalvernia.sg/education/whats-in-my-bubble-tea/, Tea thats infused with milk or another liquid, Artificial sweetener like stevia or sugar (more on this below), Special straws designed to make the best bubbles possible. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. Address Shop 14, 375 William Street, Northbridge, Western Australia, WA, Australia 6003 Phone Number 0434039801 Categories Bubble Tea Shop, Tea Room Grab also reported that on average, Southeast Asians drink an average of four cups of pearl milk tea per person per month. The price might seem high, but you have to consider everything that goes into making it, which includes: On the surface, bubble tea seems like a simple drink. 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. Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. 9. (2.Americans rank 25th for coffee consumption per capita, with an average consumption of 4.2 kg per person per year. Australia . 12. In the United States, 95% of women have tried bubble tea versus 81% of males. "Market Intelligence that Adds Flavour to Your Success", Region : Global | Format: PDF | Report ID: FBI101564. 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. Were big enough to handle massive projects, and yet also nimble enough to come up with names on demand that hit every time. A. The global bubble tea market size was valued at USD 2.17 billion in 2021. The availability of different types of milk tea offers numerous options for consumers to enjoy. 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). Bubble tea is also known as pearl milk tea. For example, according to . Thank you for contacting us, our sales representative will get in touch with you shortly! That means 24 countries have higher consumption rates that are worth targeting. Based on bubble tea market forecast, the liquid component was the most prominent segment accounting for the highest share in the bubble tea market. Required fields are marked *. 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. 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 data offered to us was exactly what we were looking for. 11.2% of Victorian adults consume sugar sweetened beverages daily. US Coffee Statistics. Over of the bubble tea enjoyed around the world is fruit-flavored. An Infographic Representation of Bubble Tea Market, To get information on various segments, share your queries with us. There are many varieties of the drink with a wide range of ingredients. Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-12310, Explore FMIs Extensive Coverage on Food and Beverage Domain. +44 208 097 3636. This has led to transportation delays and the functioning of both supplies (tea estates) and demand for consumption points to a standstill due to shortage of manpower and reduced visits of customers to coffee shops amidst the lockdown. 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.