One such brand riding that success locally is Chatime, a Taiwanese-founded bubble tea business which chose Australia as its first-ever Western market almost 10 years ago in 2009. The market is anticipated to be valued at US$ 46.0 Mn in 2032. However, since the ease of lockdowns, governments have proposed several initiatives and strategies to help the companies in recovering the losses across the globe. 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 . 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. Based on the distribution channel, online retailing is expected to exhibit a CAGR of 11.9%. The market value of the bubble tea market is anticipated to reach a high of US$ 5.82 billion by the year 2032. 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. From Farmer Welfare and Supply Chain to the Latest Trends, Tea Experts Share Insights. 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. One concession owner became popular with her . On the basis of flavor, it is categorized into original flavor, coffee flavor, fruit flavor, chocolate flavor, and others. 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 . The bubble tea industry is enormous and accounts for one of the fastest-growing food markets in the world today. It is made using green tea, white tea, black tea, or oolong tea. The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. The availability of different types of milk tea offers numerous options for consumers to enjoy. 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. But did you know that there are six different types of bubble tea? The appearance of the finished drink is what led to its name. 7.1% consumed diet drinks daily. There are many varieties of the drink with a wide range of ingredients. The bubble tea market in Thailand is predicted to register an 8.7% CAGR. There are 250 different flavors of bubble tea. Online retailing is predicted to register an 11.9% CAGR. A South Australian Health Omnibus Survey (SAHOS) done in 2014 showed that there was a . The global organic tea market size was USD 820.8 million in 2019 and it is projected to reach USD 1,918.7 million by 2027, exhibiting a CAGR of 11.2% during the forecast period. Your email address will not be published. Let's assume that the daily maintenance calories for an average adult man are 2,500 kcal, and for an average adult . Bubble Tea Popularity Statistics Singapore; by palmebre Published: July 20, 2021 (2 days ago) Category. Keep reading to discover everything weve uncovered about bubble tea. 2016. I appreciate the timeliness and responsiveness of you and your team., (applicable to 1 report only for the same license type), The global bubble tea market is projected to grow from $2.29 billion in 2022 to $3.78 billion by 2029, at a CAGR of 7.40% in the forecast period, 2022-2029, 2020 Fortune Business Insights . 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. 3. FB : Beverages| Pages: 261 | Author(s) : Vaibhav S , Roshan D, Single User License, Five User License & Enterprise User License. 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. Consumption declines with age. Companies in the Industry are Aggressively Expanding their Franchisees to Cater to the Growing Demand. 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. Bubble tea is extremely high in calories. The forecast period in the global bubble tea market report is 2019-2027. 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. An Infographic Representation of Bubble Tea Market, To get information on various segments, share your queries with us. Rinse, drain, and refrigerate until chilled. A. Moreover, countries such as Japan, China, the U.S., and Canada are the major consumers of pearl milk tea, and have also experienced a slight dip in their growth due to hindrances in production as well as supply chains during the year 2020-21. Bubble tea is drunk by millions of people around the world every single day, even in countries that you might not expect! Book your free consultation and let our research experts help you with your needs/problems. For people aged 71 or older, the figures were substantially lower, at 1,584 grams and 1,532 grams, respectively. According to the report, bubble tea orders had increased at a whopping 3,000 percent in 2018. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes. In 2016, 19.4 per cent of This can be attributed to the rise in awareness regarding healthy lifestyle and higher adoption of healthy beverages by health-conscious consumers. Consumers are shifting toward natural and organic food and beverage products, which is one of the major factors that would help in the growth of this segment in the market. 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. Address Shop 14, 375 William Street, Northbridge, Western Australia, WA, Australia 6003 Phone Number 0434039801 Categories Bubble Tea Shop, Tea Room 03 Locally called "po po ch," Singapore has sold bubble tea since 1992. Who are the leading players in the market? Moreover, European and other Scandinavian countries are prominent followers of tea and coffee cultures, and thus are keenly interested in experimenting with new types of fruity flavors, herbal, and pearl milk teas. One cup of tea is assumed to contain 2 grams of tea. Sometimes they are blended with ice to give them a more slushy-like consistency. The Mayo Clinic state that up to 400 mg of caffeine a day is probably safe for most healthy adults. How Much Is the Bubble Tea Industry Worth. Health beneficial attributes such as low-fat, low-calorie content, and presence of anti-inflammatory properties are the key driving factors of the market. There was a 3,000% increase in the amount of bubble tea orders in Southeast Asia in 2018. According to the bubble tea market share, based onflavor, the fruit flavor segment was the most prominent segment accounting for the highest share in the bubble tea market, in 2019. . Your email address will not be published. Per Capita Global Tea Consumption Patterns Americans consume more than 50 billion servings of tea a year, nearly 85% of which is iced. Additionally, due to Australia's climate, tea is able to be grown and produced in northern Australia. Australia . 1.In 2019, 64% of Americans aged 18 and over drank coffee every day. Bubble Tea is a famous non-alcoholic beverage drink that first . When we say that bubble tea is insanely popular, were not joking. Moreover, zero fat and low calorie contents of . Asia Pacific Bubble Tea Market Size, 2021 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. However, excess sugar content in these drinks leading to health issues and trend of coffee consumption are expected to restrict the market growth. As a result, other plant-based hot . 5. 4. Although the drink was originally created in Taiwan, its signature ingredient is primarily grown in Nigeria, Thailand, Indonesia, and Brazil. Grab also reported that on average, Southeast Asians drink an average of four cups of pearl milk tea per person per month. The global market is projected to reach US$ 194.7 Bn by 2032. The black tea segment is projected to grow at a significant CAGR during the forecast period, owing to its increased preference by health-conscious consumers across every region. 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. Tea is the second most popular drink in the world, with water at first place. By region, North America was the most prominent regional market in 2019. The closure of Shanghai . It's the second most-consumed drink in the world, only behind water. In the Tea segment, volume is expected to amount to 18.6mkg by 2025. 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. 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. Extruding the tapioca into these small balls is difficult work. 12. Essential Facts. Each . 11.2% of Victorian adults consume sugar sweetened beverages daily. 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. Thank you Fortune Business Insights for your efforts and prompt response, I had a great experience working with Fortune Business Insights. Green tea has shown long-term energy inducing properties and has a positive effect on the regulation of body weight. 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. Victorian Government, Department of Health and Human Services. The U.S. market is anticipated to register a prolific CAGR of 12.4% over the forecast period. Fruit Flavor Segment is Dominating Backed by High Consumer Preference. With shops all around the world in many major cities, its easy to indulge your bubble tea craving when you want to! The market is expected to grow at a CAGR of 7.40%, during the forecast period. Cassava flour itself comes from the cassava root, which is native to South America but has become a staple food in many African nations. This segment does not include herbal tea, instant tea, iced tea or similar tea-derived Ready-to-Drink beverages. Ice-blended versions are usually mixed with fruit or syrup, resulting in a slushy consistency. For instance, the base ingredients required for the preparation of black or green tea are exported from India, but due to the imposed regulations, companies were unable to process the demands of the manufacturers. According to the Indian Tea Association 2020, tea price has risen by 25%-40% on an average due to lockdown in the tea growing regions, leading to a drop in crop size along with disruptions in transportation and logistics. It comes with the additional cost of $2500.00 contact sales. More people are discovering and enjoying bubble tea every year, however, so these figures may soon change as people age and continue to enjoy their favorite drink. 297 billion liters of tea were consumed worldwide in 2021. The key players in the industry receiving high levels of popularity and response from customers are franchising their businesses into different locations. Thailand leads in bubble tea consumption at an average of 6 cups per person per day. The bubble tea market was valued at $2.4 billion in 2019 and is estimated to reach $4.3 billion by 2027, registering a CAGR of 7.80% from 2020 to 2027. This was attributed due to rise in the consumption of tea based everages across the world. There are six official types of bubble tea. Very satisfied with the overall report as it has helped me to build strategies for my business, This is regarding the recent report I bought from Fortune Business insights. Bubble tea consumption gender-wise: According to the statistics, bubble tea is a favorite drink of women. The types include milk tea, black tea, fresh fruit tea, smoothies or milkshakes, fresh milk, and salted cream. The key players alsorelyon product launch to improve their product portfolio and stay relevant in the global market.The key players profiled in thereport include Bobabox Limited, Bubble Tea House Company, Cuppotee, Fokus Inc., Gong Cha, Lollicup USA, Inc., Sumo's (M) SdnBhd, Ten Ren's Tea Time, The Bubble Tea Company, and Troika JC. Rising consumption of tea and coffee as nootropic drinks among students and working-class population is a key factor for the market growth. As per the report, sales will increase at a 4.2% CAGR over the forecast period, reaching US$ 354.6 Mn by 2032. 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. Bubble teas growing appeal to a younger demographic coupled with its popularity as a nootropic beverage will likely supplement the sales of the tea in the market over the forecast period, says an FMI analyst. This can be attributed to change in preference of consumers toward healthy beverages and better taste. Contact Sales for Further Assistance in Purchasing this Report @ https://www.futuremarketinsights.com/checkout/12310. Gong Cha, Kung Fu Tea, Lollicup USA, Tiger Sugar, Sharetea, Boba Guys, Tapioca Express, Cha Time, Ten Rens Tea Time, YiFang Bubble Tea, CoCo Fresh Tea & Juice, DaBoba, Happy Lemon, Quickly, Cojiitii, and others are some of the manufacturers of bubble tea profiled in the full version of the report. 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. The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the industry. The percentage of tea that is consumed which is green tea: 15%. If you have an adventurous palette, we highly recommend trying as many different flavors as you can to find the one that will be your favorite! page 1 . Asia-Pacific (APAC) dominates the bubble tea market because of the high consumption of the bubble tea within the region. 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. 4364..55.011 - Australian Health Survey: Consumption of added sugars, 2011-12. The bright colors and availability of sweet and fruity flavors especially appeal to children . Industrial Alcohol Market Volume: The global industrial alcohol market size is set to be valued at US$ 110.3 Bn in 2022 and it is expected to grow at a CAGR of 7.6% from 2022 to 2032. Millennial Tea Drinking Stats - Tea continues to gain market share in surprising areas. 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. Insights. Bubble tea is a mix of milk, tea, and fruit juice with added bubbly-looking toppings (like tapioca balls). A. (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. In 2018, there were over 450,000 shops selling bubble tea in China. 30.7% of Victorian adults consumed sugar-sweetened soft drinks at least once a week. Boba tea, or "bubble tea," has been around since the late 1980s in Taiwan. Fortune Business Insights says that the global market size was USD 2.17 billion in 2021 and is projected to reach USD 3.78 billion by 2029. Statista. 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. Unilever (Lipton), Associated British Foods (Twinings) and Tata Global Beverages (Tetley) are globally the most important players by revenue. The average volume per person in the Tea segment is expected to amount to 0.68kg in 2023. These drinks are made with milk tea and tapioca pearls (to make the bubbles), which contain a lot of natural sugar. The players in the bubble tea market have adopted acquisition as their key development strategy to increase profitability and improve their position in the bubble tea market.