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. 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! Europe also witnessed growth in the pearl milk tea market around the same time as other Asian countries. The prevalence of lifestyle disorders such as obesity and diabetes associated with the hectic lifestyle of consumers has nudged them to shift toward healthy drinks, such as ginger tea and boba teas, due to their easy customization. The closure of Shanghai . From Farmer Welfare and Supply Chain to the Latest Trends, Tea Experts Share Insights. 02 Each tapioca ball has 5 to 14 calories. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes. Revenue in the Tea segment amounts to US$1.40bn in 2023. 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. Awareness about health issues and their relation to meat consumption has resulted in a shift towards vegan and plant-based diets. Data at LGA level is also presented. Get in touch with us. The research report includes quantitative and qualitative insights into the market. 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. The market is expected to grow at a CAGR of 7.40%, during the forecast period. For example, according to . 87% of American millennials drink tea, including bubble tea. It is made using green tea, white tea, black tea, or oolong tea. In fact, tea was aboard the First Fleet in 1788. This beverage has undergone a few waves of popularity in Singapore. Chewy tapioca balls or different flavored jellies are then added to give bubble tea the fun, chewy texture that it is known for! 1. Based on the distribution channel, online retailing is expected to exhibit a CAGR of 11.9%. In-depth analysis and the bubble tea market size and segmentation assists in determining the prevailing bubble tea market opportunities. 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. But did you know that there are six different types of bubble 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. Almost overnight bubble tea shops popped up around the world in multiple countries that had never had an interest in it before. That means 24 countries have higher consumption rates that are worth targeting. Gain competitive intelligence about market leaders; Track key industry trends, opportunities and threats; Inform your marketing, brand, strategy and market development, sales and supply functions Rinse, drain, and refrigerate until chilled. The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca. It looks quite comprehensive and the data is exactly what I was looking for. Such initiatives further support the immense growth opportunities for the companies. Pour into a glass, and add tapioca. Bubble Tea Popularity Statistics Singapore; by palmebre Published: July 20, 2021 (2 days ago) Category. Future Market Insights Global and Consulting Pvt. Based on bubble tea market forecast, the liquid component was the most prominent segment accounting for the highest share in the bubble tea market. 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. Ltd. An Infographic Representation of Bubble Tea Market, To get information on various segments, share your queries with us. 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. Tea is the second most popular drink in the world, with water at first place. Over 90% of the tea consumed is Black Tea, about 5% Green Tea, 1% Oolong Tea and the balance flavored, scented, or mixed teas. The region is witnessing a cross-cultural food consumption trend, and the growing health and wellness approach is also expected to boost the growth. Rank Country/Region Tea consumption 1 Turkey: 3.16 kg (6.96 lb) . In 2020, China dominated the tea market with 78.7 billion US dollars of revenue. 2. For instance, in April 2020, a bubble tea company Chatime launched oat milk-based tea such as Chatime Pearl Milk Tea and Grass Jelly Roasted Milk Tea for lactose intolerant consumers. Businesses that sell bubble tea (including those that serve other drinks, such as coffee and smoothies) face a lot of competition since there are many places where customers can find the same drink. Book your free consultation and let our research experts help you with your needs/problems. 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. Get a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12310. In 2019, tea revenue globally is about US$214,761m and is expected to grow each year by 6.9% until 2023. Insights. The campaign will be extended due to the tremendous profit achieved, which motivates the company to broaden its product offerings and brand position. Read More . By component, it is classified into flavor, creamer, sweetener, liquid, tapioca pearls, and others. 10. Press release from: Analytics Market Research. Manufacturers are capitalizing on improving the functionality of boba drinks ingredients to cater to the rising demand from consumers. 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 . 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: sales@futuremarketinsights.comBrowse all Reports: https://www.futuremarketinsights.com/reportsLinkedIn|Twitter|Blogs. Contact Sales for Further Assistance in Purchasing this Report @ https://www.futuremarketinsights.com/checkout/12310. https://www.fortunebusinessinsights.com/industry-reports/bubble-tea-market-101564, Yummy Town (Cayman) Holdings Corporation (Happy Lemon) (Taiwan), Granular Research on Specified Regions or Segments, Companies Profiled based on User Requirement, Broader Insights Pertaining to a Specific Segment or Region, Breaking Down Competitive Landscape as per Your Requirement, Other Specific Requirement on Customization. Sometimes they are blended with ice to give them a more slushy-like consistency. Bubble tea consumption gender-wise: According to the statistics, bubble tea is a favorite drink of women. 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). To get the sample of bubble tea market report, click on the link (Please paste the link here). Originating in Taiwan, the drink typically consists of tea, milk/cream, and sugar accompanied by tapioca pearls. Thailand leads in . Companies covered in bubble tea market report are ChaTime, Bubble Tea Supply Inc., Gong Cha, CoCo Fresh, Quickly, Kung Fu Tea, Tiger Sugar Korea, Boba Loca, Happylemon, Lollicup USA, Inc . The report covered all the points and was very detailed. Adults' total beverage consumption drops steadily with age. Theres a lot more to bubble tea than meets the eye, and weve discovered all of the reasons that its a global favorite. 5. The drink became popular during the 1990s, just in time for millennials to develop a taste for it. The bubble tea market in Thailand is predicted to register an 8.7% CAGR. 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. A. The global Bubble Tea Market is expected to $4,368.6 million in 2027. 5. That is approximately four cups of brewed coffee, 10 cans of cola or two "energy shot . Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. If theres one thing you can count on, its that bubble tea is going to be more popular among women than men. Overall, though tea registered. 1.In 2019, 64% of Americans aged 18 and over drank coffee every day. Nigeria, specifically, has become a hub for cassava production. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. According to the report, bubble tea orders had increased at a whopping 3,000 percent in 2018. The market for Hot Drinks is structured into retail sales for at home consumption and on-premise or foodservice sales for out-of-home consumption. The valuation of the out-of-home segment at retail prices means a significant change of the market definition in comparison to earlier iterations of the Consumer Market Outlook, as out-of-home consumption was valued at wholesale prices before. Quick Facts. Apart from being a healthier alternative, becoming a trending beverage, especially among younger consumers, has also aided market growth for bubble tea. December 17, 2022. The global bubble tea market size was USD 2.1 billion in 2019 and is expected to register a compounded annual growth rate (CAGR) of 8.9% from 2020 to 2027. Stir until the sugar has dissolved and the milk is well mixed in. Bubble tea can be found in over 30 countries. 11. Pearls or boba color varies depending on the additives added to the tapioca and this segment is one of the most trending bubble tea across the world. Published. Synthetic Food Colors Market Outlook: The global synthetic food colors market size is estimated to be valued at US$ 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. 7. Fruit Flavor Segment is Dominating Backed by High Consumer Preference. 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. 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.
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