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. 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. Fruit-flavored bubble teas account for the largest percentage of bubble tea consumed at 37%. The report covered all the points and was very detailed. Read More . 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 . Bubble Tea - Pearl Lemon Boba 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. Europe also witnessed growth in the pearl milk tea market around the same time as other Asian countries. Toss in the pearl tapioca. page 1 . Such initiatives further support the immense growth opportunities for the companies. We dont recommend anyone making it a daily indulgence. The appearance of the finished drink is what led to its name. As more and more countries discover the delicacy that is bubble tea, these figures are sure to continue growing. A. Girls and women are the primary demographic among bubble tea drinkers, with 95% having tried it. Apart from being a healthier alternative, becoming a trending beverage, especially among younger consumers, has also aided market growth for bubble tea. Coffee and tea are the most consumed as well as socially accepted nootropic beverages across the world, and many consumers are highly dependent on such caffeinated drinks before starting their day. 13. Bubble Tea Market Outlook (2022-2032) [324 Pages Report] The global bubble tea market is projected to have a rapid-paced CAGR of 8.8% during the forecast period. Per Capita Global Tea Consumption Patterns Americans consume more than 50 billion servings of tea a year, nearly 85% of which is iced. However, excess sugar content in these drinks leading to health issues and trend of coffee consumption are expected to restrict the market growth. 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. 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. | Source: Why buy this report? 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. An Infographic Representation of Bubble Tea Market, To get information on various segments, share your queries with us. Filipinos rank second highest bubble tea drinkers in Southeast Asia The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca. 1.In 2019, 64% of Americans aged 18 and over drank coffee every day. 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. Australia . Thailand leads in bubble tea consumption at an average of 6 cups per person per day. Grab also reported that on average, Southeast Asians drink an average of four cups of pearl milk tea per person per month. For instance, in June 2022, Frankly, the first Italian bubble tea chain, witnessed a massive increment of around 148% compared to the previous years via a crowdfunding campaign. 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. In Asia, however, it is equally popular among men and women and is seen as a cultural phenomenon. This bubble tea craze has taken over. We are happy to help. Request a Free sample to learn more about this report. 16. Thailand will emerge as a lucrative market over the forecast period with a CAGR of 8.7%. 10. BUBBLE TEA CRAZE in Southeast Asia - mise en place What may surprise you though is the amount of sugar! About 200 million pounds of tea leaves (bagged & loose) are shipped into the United Clicking on the following button will update the content below. USD 1,195. 2016. In 2020, China dominated the tea market with 78.7 billion US dollars of revenue. Bubble tea | Infopedia - National Library Board 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. Ltd. 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. Is Running A Bubble Tea Business In S'pore Actually Lucrative? 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. This is a list of countries ordered by annual per capita consumption of tea, as of 2016. Kenya is one of the main global tea exporters and as a result, it is no surprise that Kenyans love their tea, in particular black tea, though in 2022, fruit/herbal tea registered the highest current value growth. Increasing Inclination of Consumers toward Versatile Teas with Innovative Bold Flavors is a Prominent Trend. Find your information in our database containing over 20,000 reports, Consumer Market Of the 30 countries that enjoy bubble tea, most are in Asia. When we say that bubble tea is insanely popular, were not joking. Tea market in Canada - statistics & facts | Statista . Contact Sales for Further Assistance in Purchasing this Report @ https://www.futuremarketinsights.com/checkout/12310. Virtually any flavor that you can imagine exists with bubble tea. 01 The first bubble tea came out in the early 1980s. Its not just the sugar that gives these drinks their sweetness, though; many restaurants also add sweeteners to them. The boba tea trend continued to soar in its originating region and later spread its attractiveness in other western countries, such as Canada and the U.K., and is now considered a mainstay due to its unique formulation. But in case you dont Its tea served with a giant chewy ball of tapioca at the bottom of the cup. The global market is projected to reach US$ 194.7 Bn by 2032. This was attributed due to rise in the consumption of tea based everages across the world. In 2018, there were over 450,000 shops selling bubble tea in China. 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). Essential Facts. Bubble tea is made by adding fruit syrup or milk to (usually cold) tea and then shaking the . Global Bubble Tea Market - Data Bridge Market Research PDF Global Market Report: Tea - International Institute for Sustainable Tea in Australia - Wikipedia The data offered to us was exactly what we were looking for. 04 For a short time in 2012, all 800 branches of McDonalds in Germany sold bubble tea. Bubble tea is a sweet, delicious drink typically made from a tea base that is then mixed with either milk or fruit flavoring. Tea industry statistics, analysis, market share, market reports Moreover, rise in consumption of flavored bubble tea in young generation fuels thebubble tea market growth. The chewy tapioca balls or pearls are undoubtedly the stars of any bubble tea drink. These drinks are made with milk tea and tapioca pearls (to make the bubbles), which contain a lot of natural sugar. 87% of American millennials drink tea, including bubble tea. The research report includes quantitative and qualitative insights into the market. 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. Unilever (Lipton), Associated British Foods (Twinings) and Tata Global Beverages (Tetley) are globally the most important players by revenue. Victorian Government, Department of Health and Human Services. The consumption of bubble milk tea also improves the balance of vitamins and minerals in the human body due to the presence of various inclusions such as yogurt, cream, fruit bits, and others. Jan 2023. 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. Among participants, 647 (88%) consumed less . List of countries by tea consumption per capita - Wikipedia The forecast period in the global bubble tea market report is 2019-2027. However, the green tea segment is expected to grow at the highest CAGR throughout the forecast period, owing to growth innumber of health conscious consumers worldwide. Quick Facts. 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. This is for a full-sugar serving that contains 60 g of sugar. The emerging players in the Bubble Tea Market are Bubble Tea Supply Inc., ChaTime, CoCo Fresh, Quickly, Kung Fu Tea, Boba Loca, Happylemon, Share Tea, T Bun International, Fanale Drinks, Grand Chainly, and Huey-Yuhe Enterprise. Adults' total beverage consumption drops steadily with age. 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. Find the most up-to-date statistics and facts on the tea market in Canada. The 30 Tea Drinkers vs. Coffee Drinkers Statistics. 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. The bubble tea industry is enormous and accounts for one of the fastest-growing food markets in the world today. That is approximately four cups of brewed coffee, 10 cans of cola or two "energy shot . 12. It includes flavor variants such as lychee, mango, passion fruit, peach, plum, strawberry, avocado, banana, grape, kiwi, lemon, and others. Malaysia Coffee & Tea Market Research Reports & Analysis page 1 In-depth analysis and the bubble tea market size and segmentation assists in determining the prevailing bubble tea market opportunities. Cassava flour itself comes from the cassava root, which is native to South America but has become a staple food in many African nations. The segment will depict a robust 11.8% CAGR and account for more than 26% of the market share. The market is expected to grow annually by 2.61% (CAGR 2023-2025). 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. Malaysia has 74 bubble tea brands, can you tell them all apart? By base ingredient, it is divided into black tea, green tea, oolong tea, and white tea. 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. Market size and forecast, by Base Ingredient, 2020-2028 7.3.9.2. The report segments the global bubble tea market based on base ingredient, flavors, component, and region. Over of the bubble tea enjoyed around the world is fruit-flavored. Coffee Consumption Statistics: 2021 - Urban Bean Coffee 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! 10. The rise in online food delivery (OFD) applications has increased access to a myriad of ready-to-eat options, which may lead to unhealthier food choices. July 26, 2022 10:30 ET Pour into a glass, and add tapioca. This can be attributed to the rise in awareness regarding healthy lifestyle and higher adoption of healthy beverages by health-conscious consumers. 12. 50 Bubble Tea Facts That You Should Know About This growth is fueled by the perceived health benefits of green tea. The Market for Bubble Tea in North America to be the Most Dominant & Fastest Growing. In the United States, 95% of women have tried bubble tea versus 81% of males. Tea stands were set up in front of the schools and would compete for business with the best selling tea. 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 . 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 . Tea is a large part of modern Australian culture due to its British origins. Coffee shop. Australia: 0.75 kg (1.65 lb) 17 Extruding the tapioca into these small balls is difficult work. Chatime, Gong Cha, Coco Fresh Tea & Juice, and Lollicup USA, Inc. are the leading players in the market. Teenagers and people in their 20s consistently account for the highest consumer percentage of bubble teas. Symptoms of . 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. Asia Pacific is expected to dominate the market during the forecast period. Bubble Tea Market Size, Share, Growth Report, 2020-2027 However, since the ease of lockdowns, governments have proposed several initiatives and strategies to help the companies in recovering the losses across the globe. Consumption of sugar sweetened and diet drinks in adults. Since our launch, weve worked on more than 1,000 projects for clients around the world. The market is expected to grow at a CAGR of 7.40%, during the forecast period. Thank you for contacting us, our sales representative will get in touch with you shortly! It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years. Overall, though tea registered. 6. The value of its market is estimated to be $5.2 billion. The average volume per person in the Tea segment is expected to amount to 0.68kg in 2023. Additionally, due to Australia's climate, tea is able to be grown and produced in northern Australia. We value them as a research company worthy of building long-term relationships., Well done Fortune Business Insights! Your email address will not be published. Stir until the sugar has dissolved and the milk is well mixed in. 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%.. Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving.