Green tea has shown long-term energy inducing properties and has a positive effect on the regulation of body weight. Aug 24, 2022 03:14pm. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. In 2018, there were over 450,000 shops selling bubble tea in China. Moreover, zero fat and low calorie contents of . Market size and forecast, by Flavor, 2020-2028 Let's assume that the daily maintenance calories for an average adult man are 2,500 kcal, and for an average adult . 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. And if you have a sweet tooth, its SO GOOD. Stir until the sugar has dissolved and the milk is well mixed in. 4364..55.011 - Australian Health Survey: Consumption of added sugars, 2011-12. With globalization, new trends have started striking the food service market, thereby influencing the young generation to try new beverages. 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. 7.3.9.1. US Coffee Statistics. (Caffeine Informer) Find your information in our database containing over 20,000 reports, Consumer Market Rank Country/Region Tea consumption 1 Turkey: 3.16 kg (6.96 lb) . Clicking on the following button will update the content below. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. This is a very good piece of work and will be very helpful to us going forward. The global bubble tea market size was valued at USD 2.17 billion in 2021. In its latest report, FMI offers an unbiased analysis of the global bubble tea, providing historical data from 2016 to 2020 and forecast statistics for the period 2021-to 2031. 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. 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. Essential Facts. The data offered to us was exactly what we were looking for. 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. We calculate that for a 700 ml or 24 oz serving of bubble milk tea, which is usually the large cup size in most boba shops, the total bubble tea calories are 700 kcal. Bubble tea consumption and its association with mental - ScienceDirect 2016. 1. Boba tea, or "bubble tea," has been around since the late 1980s in Taiwan. Its iced or hot black or green tea mixed with chewy tapioca balls that are often flavored. The black tea segment is expected to be the leading segment in the global market. For people aged 71 or older, the figures were substantially lower, at 1,584 grams and 1,532 grams, respectively. 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. Manufacturers are capitalizing on improving the functionality of boba drinks ingredients to cater to the rising demand from consumers. 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. Sugary drink consumption data Health Reports: Beverage consumption of Canadian adults: Findings Bubble tea has a sweet, sour, and tangy taste that varies depending on the type of fruit used. 13. Moreover, the availability of suitable alternatives, such as unsweetened tea, coconut water, fruit-infused teas, and others, offering similar benefits, hamper the global market growth. Pour tea, milk, and 4 teaspoons sugar into a cocktail shaker. Since our launch, weve worked on more than 1,000 projects for clients around the world. The closure of Shanghai . 1.In 2019, 64% of Americans aged 18 and over drank coffee every day. 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. Tea consumption per capita in the UK is 1.3 kg for 2019. Tea - 2023 Data - 2009-2022 Historical - 2024 Forecast - Price - Quote page 1 . 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. 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. Moreover, higher expenditure of consumers on healthy beverages adds to the popularity of bubble tea in theregion. The report covered all the points and was very detailed. . Another user, Yilian Fengyue Xian, said she had bought four cups of bubble tea after 76 days of being under lockdown in what she called "revenge bubble tea drinking". This segment does not include herbal tea, instant tea, iced tea or similar tea-derived Ready-to-Drink beverages. 30.7% of Victorian adults consumed sugar-sweetened soft drinks at least once a week. Rinse, drain, and refrigerate until chilled. It is expected to be the fastest growing segment owing to consumers' inclination towards the convenience offered. Malaysia Coffee & Tea Market Research Reports & Analysis page 1 9. Although the drink was originally created in Taiwan, its signature ingredient is primarily grown in Nigeria, Thailand, Indonesia, and Brazil. 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 . 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. One cup of tea is assumed to contain 2 grams of tea. Toss in the pearl tapioca. Join over 60,000 Bubblers (that's what we call our lovely customers!) From Farmer Welfare and Supply Chain to the Latest Trends, Tea Experts Share Insights. 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. Versatility in flavor, health benefits, and social media trends drive the market. Sunset Yellow FCF Market Sales: The sunset yellow FCF sales are slated to grow at a CAGR of 6.25% between 2022 and 2032, totaling a market valuation of US$ 150 Mn by 2032. About | Privacy Policy |Contact | Advertise | Support. Bubble tea is a mix of milk, tea, and fruit juice with added bubbly-looking toppings (like tapioca balls). Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. 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. Bubble tea (also known as pearl milk tea, bubble milk tea, boba juice, boba tea, or simply boba) is a Taiwanese tea-based drink invented in Tainan and Taichung in the 1980s. Six in ten (59.7%) did not usually consume either sugar sweetened or diet drinks. 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. Elementary school children would look forward to buying a cup of refreshing tea after a long, hard day of work and play. 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. 10. 2023 Allied Market Research. Health beneficial attributes such as low-fat, low-calorie content, and presence of anti-inflammatory properties are the key driving factors of the market. 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. Bubble Tea Market Size, Share and Trends | Research Report - 2027 Unilever (Lipton), Associated British Foods (Twinings) and Tata Global Beverages (Tetley) are globally the most important players by revenue. The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca. The specialty of milk tea is growing due to its ease of customization with various tea bases and toppings such as jellies, fruit bits, syrups, and tapioca balls. 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. Bubble tea is also known as pearl milk tea. 17 Aug 2022 12:37PM (Updated: 17 Aug 2022 06:16PM) SINGAPORE: Bubble tea lovers in Southeast Asia spend US$3.66 billion a year on the beverage and similar "new tea" drinks, with Singapore . It comes with the additional cost of $2500.00 contact sales. Girls and women are the primary demographic among bubble tea drinkers, with 95% having tried it. 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. The bright colors and availability of sweet and fruity flavors especially appeal to children . (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. Bubble Tea Market Share, Size and Industry Growth Analysis 2021-2026 Based on bubble tea market forecast, the liquid component was the most prominent segment accounting for the highest share in the bubble tea market. Background: Bubble tea has become enormously popular in China in recent years. Moreover, rise in consumption of flavored bubble tea in young generation fuels thebubble tea market growth. Between 2021 and 2028, the global tea market is expected to grow at a CAGR of 6.6%. 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. The types include milk tea, black tea, fresh fruit tea, smoothies or milkshakes, fresh milk, and salted cream. Tea in Australia - Wikipedia Strong dependency on Asian countries to source raw materials acts as one of the major restraints in the market. Coffee shop. 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%.. 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. PDF A Cross-sectional Study on Knowledge, Attitude and Practice of Bubble 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. Jan 2023. 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. Bubble Tea Market - Persistence Market Research 50 Bubble Tea Facts That You Should Know About We dont recommend anyone making it a daily indulgence. 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. Tea Drinkers vs. Coffee Drinkers: 30 Statistics to Know in 2023 The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. Bakery Products Market Share: The global bakery products market is estimated to reach US$ 235 Mn in 2022. Get in touch with us. 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. 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. 12. Were big enough to handle massive projects, and yet also nimble enough to come up with names on demand that hit every time. 11. 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 . After decades of slowly increasing in popularity, the big bubble tea boom happened in 2018. | Source: Bubble Tea Market Size, Share, Growth Report, 2020-2027 Data at LGA level is also presented. 87% of American millennials drink tea, including bubble tea. 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. Which region held the highest share in the market? With 38 grams per 16oz beverage, bubble tea should be enjoyed in moderation. 03 Locally called "po po ch," Singapore has sold bubble tea since 1992. Bubble tea consumption statistics show that Thais drink six bubble teas per month. 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. Chatime, Gong Cha, Coco Fresh Tea & Juice, and Lollicup USA, Inc. are the leading players in the market. We value them as a research company worthy of building long-term relationships., Well done Fortune Business Insights! 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. S-E Asia spent $5b on bubble tea in 2021; Indonesia tops list: Report The availability of different types of milk tea offers numerous options for consumers to enjoy. 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. Find the most up-to-date statistics and facts on the tea market in Canada. 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). This beverage has undergone a few waves of popularity in Singapore. Some specialty shops have menus with smaller sizes and prices as low as $2 to $3 per serving.