Ready to drink tea products have seen a 15x increase in sales and consumption since 2004. 13. Get a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12310. bubble tea popularity statistics singapore; how many bubble tea brands in singapore; Bubble Tea Popularity Statistics Singapore . Many Thai people drink bubble tea daily, and in many cases may drink multiple cups per day. Teenagers and people in their 20s consistently account for the highest consumer percentage of bubble teas. 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. Sometimes they are blended with ice to give them a more slushy-like consistency. Emerging countries such as China, India and Brazil growing with the CAGR of 8%, 9.5%, and 8.3% respectively. Tea is a beverage made by pouring hot water over cured leaves. The drink became popular during the 1990s, just in time for millennials to develop a taste for it. [1] As per the latest report by FMI, the U.S. bubble tea market is expected to register a 12.4% CAGR during the forecast period. 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. A. Versatility in flavor, health benefits, and social media trends drive the market. DUBAI, U.A.E., Aug. 12, 2020 /PRNewswire/ -- The bubble tea market is expected to rise at a year-on-year growth rate of 8% from 2020-2030, opines Future Market Insights in its recent report . Whats your favorite bubble tea base to start with? Keep reading to discover everything weve uncovered about bubble tea. Asia Pacific is expected to dominate the market during the forecast period. 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. In addition, due to the presence of artificial preservatives in bubble tea, consumers are changing their preference toward organic beverages, which hampers the growth of the global bubble tea market. A 16 oz serving of bubble tea contains 38 grams of sugar, which is 76% of the recommended daily value. "Market Intelligence that Adds Flavour to Your Success", Region : Global | Format: PDF | Report ID: FBI101564. Additionally, they can be ordered with fruit or boba, both of which are high in added sugar. Bubble tea consumption gender-wise: According to the statistics, bubble tea is a favorite drink of women. . Green tea has shown long-term energy inducing properties and has a positive effect on the regulation of body weight. The price per unit in the out-of-home market always references the total price over the amount of tea consumed, regardless of the other components of the finished beverage. Manufacturers are capitalizing on improving the functionality of boba drinks ingredients to cater to the rising demand from consumers. However, the sweeteners segment is expected to witness the highest growth, owing to rise in demand for sweet beverages across the globe. 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. Pour tea, milk, and 4 teaspoons sugar into a cocktail shaker. Bubble milk tea has emerged as a cultural icon for the world and symbolizes Taiwans food innovation to promote its existence amidst the food service industry. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes. Moreover, zero fat and low calorie contents of . Due to social media, bloggers documenting their bubble tea experience, and other factors, bubble tea stores continue to flourish and expand their offerings in this region. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: The Hot Drinks market segment, Tea, consists of black tea, green tea and mate sold in tea bags or as loose-leaf tea. Find your information in our database containing over 20,000 reports, Consumer Market 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 With shops all around the world in many major cities, its easy to indulge your bubble tea craving when you want to! As a result, other plant-based hot . Ask for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-12310. Victorian Government, Department of Health and Human Services. The Middle East & Africa showcases a slower growth as pearl milk tea is consumed as a social drink or as a gesture of hospitality. BBT Club is Australia's leading DIY bubble tea company for anywhere and anytime. Some specialty shops have menus with smaller sizes and prices as low as $2 to $3 per serving. (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. Future Market Insights Global and Consulting Pvt. 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. Revenue in the Tea segment amounts to US$1.40bn in 2023. For people aged 71 or older, the figures were substantially lower, at 1,584 grams and 1,532 grams, respectively. The bubble tea market in Singapore has a long history and is expected to exhibit a prosperous future with a CAGR of 10.7% over the forecast period. 2. 10. Adults' total beverage consumption drops steadily with age. Over 95% of females in the united states have tried bubble tea, while 81% of males . The market is anticipated to be valued at US$ 46.0 Mn in 2032. 15. After decades of slowly increasing in popularity, the big bubble tea boom happened in 2018. 10. 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. 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. For instance, in September 2020, Chen Shucheng started a new bubble milk tea franchise in Singapore called Meme Xpress. From Farmer Welfare and Supply Chain to the Latest Trends, Tea Experts Share Insights. 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. It looks quite comprehensive and the data is exactly what I was looking for. But in case you dont Its tea served with a giant chewy ball of tapioca at the bottom of the cup. The black tea segment is expected to be the leading segment in the global market. At the end of the day, its not much worse than an occasional soda would be for the average person, but its important to remember to only have bubble tea once in a while. Increasing Inclination of Consumers toward Versatile Teas with Innovative Bold Flavors is a Prominent Trend. By component, it is classified into flavor, creamer, sweetener, liquid, tapioca pearls, and others. info@pearllemongroup.com. 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. However, Europeis expected to grow with the highest CAGR throughout the forecast period, owing toaggressive advertising and celebrity brand endorsement and increasein the awareness of bubble tea in theregion. Rinse, drain, and refrigerate until chilled. Bubble tea truly is an international drink! Key players in the global bubble tea market are focusing on releasing novel and unique flavors of bubble tea. These organizations are focusing on product innovation and targeting the millennial consumer as the group is known for its willingness to experiment with new flavors. 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 . Alcoholic Tea Market size is valued at USD 1,958.73 billion by 2028 and is expected to grow at a compound annual rate of 7.00% in the forecast period . Availability of a Wide Range of Products for Enticing Younger Generation to Boost Growth. Aug 24, 2022 03:14pm. 8. Ltd. Ltd. NEWARK, Del, July 26, 2022 (GLOBE NEWSWIRE) -- The global bubble tea market is projected to reach a value of US$ 5.5 Bn by 2031, with sales growing at a robust CAGR of 8.8% for the forecast period of 2021-2031. Press release from: Analytics Market Research. Such challenges cumulatively hamper the growth potential of the global market. 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. A. 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. 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%.. It is expected to be the fastest growing segment owing to consumers' inclination towards the convenience offered. Required fields are marked *. According to a study published in the National Library of Medicine, 2022, chewing tapioca pearls can increase the salivary C-protein (CRP) and calcium (Ca) levels. 9. 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. Bubble tea can be found in over 30 countries. Global Demand for Coffee - Despite the demand for coffee in the United States, the country only ranks 25th in per capita coffee consumption. 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. The bubble tea industry is expected to reach $3.39 billion by 2027. US Coffee Statistics. By region, North America was the most prominent regional market in 2019. Picture via Instagram/yicha_malaysia and myheycha. Overall, though tea registered. Green tea. 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. Interesting Facts. According to the report, bubble tea orders had increased at a whopping 3,000 percent in 2018. Health Benefits Associated with Bubble Tea Consumption to Drive the Market Growth . Market size and forecast, by Base Ingredient, 2020-2028 7.3.9.2. Bubble tea has a sweet, sour, and tangy taste that varies depending on the type of fruit used. Moreover, rise in consumption of flavored bubble tea in young generation fuels thebubble tea market growth. The out-of-home market, also called on-trade market, away-from-home market or HORECA encompasses all sales to hotels, restaurants, catering, cafs, bars and similar hospitality service establishments. Australia . However, since the ease of lockdowns, governments have proposed several initiatives and strategies to help the companies in recovering the losses across the globe. In 2019, tea revenue globally is about US$214,761m and is expected to grow each year by 6.9% until 2023. For example, according to . The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. | Source: By flavor, the market is classified into coffee, fruit, chocolate, original, and others. As of December 2018, GrabFood's bubble tea network encompasses over 1,500 brands with 4,000 outlets throughout . Consumption of black tea is highly promoted due to its strong antioxidant, anti-aging, and anti-diabetic properties. It includes flavor variants such as lychee, mango, passion fruit, peach, plum, strawberry, avocado, banana, grape, kiwi, lemon, and others. The at-home market, also called off-trade market, covers all retail sales via super- and hypermarkets, convenience stores or similar sales channels. 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. India is currently 1-0 up in the series, which has seen Indian spinners dominating both the tests in Nagpur and Delhi. Although there are plenty of bubble tea flavors to choose from, fruit teas tend to be the most popular. A. By sugar content, reduced sugar/sugar-free category will gain traction over the forecast period. Changes in consumers tastes and preferences have fostered growth for the bubble tea market over the forecast period. Today, millennials, zennials, and gen z account for the vast majority of the countrys bubble tea consumption. Its not just the sugar that gives these drinks their sweetness, though; many restaurants also add sweeteners to them. This means, market totals are not comparable to published data from prior years. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. The global COVID-19 pandemic has been unprecedented and staggering, with bubble tea experiencing lower-than-anticipated demand . Fruit-flavored bubble teas account for the largest percentage of bubble tea consumed at 37%. This can be attributed to the availability of various options such as combination of various liquid flavors and syrups. During the late 1980s and into the 1990s, bubble tea was only consumed in a select few countries including Taiwan, Hong Kong, China, and Japan. 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. Book your free consultation and let our research experts help you with your needs/problems. 30.7% of Victorian adults consumed sugar-sweetened soft drinks at least once a week. The global bubble tea market size was valued at USD 2.17 billion in 2021. Clicking on the following button will update the content below. Methods: Self-report questionnaires were used to assess bubble tea consumption and mental status. It also offers a detailed analysis of the market size and growth rate for all possible market segments. 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. Stir until the sugar has dissolved and the milk is well mixed in. 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). Which region held the highest share in the market? 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 ($5.1 . Until 2025, the tea market in Philippines is forecast to reach 109.79 million USD (in retail prices), thus increasing at a CAGR of 6.70% per annum for the period 2020-2025. By continuing to visit this site you agree to our use of cookies . Pearls or boba color varies depending on the additives added to the tapioca and this segment is one of the most trending bubble tea across the world. Drum To Hopper Blends Premix Market Forecast: The global drum to hopper blends Premix market is expected to reach a valuation of US$ 752.1 Mn in 2022, with demand increasing at a CAGR of 7.4% over the assessment period. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. And if you have a sweet tooth, its SO GOOD. 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. 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. It is made using green tea, white tea, black tea, or oolong tea. Which is the leading segment based on the product type in the market? 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. This beverage has undergone a few waves of popularity in Singapore. China is a major bubble tea manufacturer. 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. Global Bubble Tea Market Dynamics, Regional Analysis, Segmentation, Competitive Landscape, COVID-19 Impact, Recent Developments and SWOT Analysis of Key