An Infographic Representation of Bubble Tea Market, To get information on various segments, share your queries with us. A. Tea Drinkers vs. Coffee Drinkers: 30 Statistics to Know in 2023 01 The first bubble tea came out in the early 1980s. The at-home market, also called off-trade market, covers all retail sales via super- and hypermarkets, convenience stores or similar sales channels. Mineral Premix Market Demand: The global mineral premixes market is expected to reach US$ 761.1 Mn by 2022, accelerating at a CAGR of 8.6% during the forecast period (2022-2032). The bubble tea industry was valued at $2.2 billion in 2019. This is for a full-sugar serving that contains 60 g of sugar. PDF Global Market Report: Tea - International Institute for Sustainable Tea in Australia | Market Research Report | Euromonitor In 2018, bubble tea made a 3,000 . Bubble Tea History Such challenges cumulatively hamper the growth potential of the global market. Tea stands were set up in front of the schools and would compete for business with the best selling tea. Thank you for requesting a call back, our sales representative will get in touch with you shortly! Tea - Australia - Statista - The Statistics Portal for Market Data Statista. The bubble tea industry is enormous and accounts for one of the fastest-growing food markets in the world today. Versatility in flavor, health benefits, and social media trends drive the market. Sunset Yellow FCF Market Sales: The sunset yellow FCF sales are slated to grow at a CAGR of 6.25% between 2022 and 2032, totaling a market valuation of US$ 150 Mn by 2032. Millennial Tea Drinking Stats - Tea continues to gain market share in surprising areas. Unilever (Lipton), Associated British Foods (Twinings) and Tata Global Beverages (Tetley) are globally the most important players by revenue. 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 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. 15 Tea Statistics and Facts to Know in 2023: Fascinating Data! Among various flavors, fruit flavor is more popular, and this segment dominated the market in 2019. Tea is a beverage made by pouring hot water over cured leaves. The global bubble teamarket holds a substantial scope for growthduring the forecast period. Teamorrow Australia - Northbridge, Western Australia - WorldPlaces 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 . This cross-sectional study investigated the association between bubble tea consumption and symptoms of anxiety and depression in a population-based sample. The current valuation of the market is US$ 2.50 billion in 2022. The market is expected to grow at a CAGR of 7.40%, during the forecast period. Tea Market Size, Share & Research Analysis | Forecast, 2020-2027 5. 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. Bubble Tea Market Analysis Report 2023 Along with Statistics Figures Originally created in Taiwan in the 1980s, bubble tea has quickly exploded in popularity. 4364..55.011 - Australian Health Survey: Consumption of added sugars, 2011-12. Get in touch with us. 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. Who are the leading players in the market? 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". In 2019, tea revenue globally is about US$214,761m and is expected to grow each year by 6.9% until 2023. Sugary drink consumption data drinking tea; and the expansion of new products and flavourings, such as ready-to-drink tea, premium tea, and herbal and fruit fusions.15-19 In addition, demand for green tea is expected to outpace demand for black tea.4,12,19 The considerable expansion of sustainable tea products is also worth noting. Save my name and email in this browser for the next time I comment. SOURCES OF FREE SUGARS - Australian Bureau of Statistics Gong Cha, Kung Fu Tea, Lollicup USA, Tiger Sugar, Sharetea, Boba Guys, Tapioca Express, Cha Time, Ten Rens Tea Time, YiFang Bubble Tea, CoCo Fresh Tea & Juice, DaBoba, Happy Lemon, Quickly, Cojiitii, and others are some of the manufacturers of bubble tea profiled in the full version of the report. Future Market Insights Inc.Christiana Corporate,200 Continental Drive,Suite 401, Newark,Delaware - 19713, USAT: +1-845-579-5705Report: https://www.futuremarketinsights.com/reports/bubble-tea-marketFor Sales Enquiries: sales@futuremarketinsights.comBrowse all Reports: https://www.futuremarketinsights.com/reportsLinkedIn|Twitter|Blogs. Online retailing is predicted to register an 11.9% CAGR. The global market is projected to reach US$ 194.7 Bn by 2032. It looks quite comprehensive and the data is exactly what I was looking for. Since our launch, weve worked on more than 1,000 projects for clients around the world. All these aspects necessitate the manufacturers to develop premium quality teas by keeping the consumer demands in mind. Ltd. The Middle East & Africa showcases a slower growth as pearl milk tea is consumed as a social drink or as a gesture of hospitality. 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. Awareness about health issues and their relation to meat consumption has resulted in a shift towards vegan and plant-based diets. Global Bubble Tea Market Size, Growth, Share, Industry Trends Analysis Bubble tea | Infopedia - National Library Board Adults' total beverage consumption drops steadily with age. Such initiatives further support the immense growth opportunities for the companies. They are made from cassava starch, a common ingredient in Brazilian culture, and they take time, effort, and skill to make properly. Based on bubble tea market forecast, the liquid component was the most prominent segment accounting for the highest share in the bubble tea market. Based on our analysis, the global market exhibited a slower growth of 2.76% in 2020 as compared to 2019. 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. Apart from this, coffee flavor is also anticipated to hold a strong market share in the forecast period owing to the escalated demand for coffee as a healthy beverage. Were big enough to handle massive projects, and yet also nimble enough to come up with names on demand that hit every time. How Much Is the Bubble Tea Industry Worth. If theres one thing you can count on, its that bubble tea is going to be more popular among women than men. 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. 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 the United States, 95% of women have tried bubble tea versus 81% of males. By sugar content, reduced sugar/sugar-free category will gain traction over the forecast period. Some specialty shops have menus with smaller sizes and prices as low as $2 to $3 per serving. The value of its market is estimated to be $5.2 billion. The green tea segment was the highest contributor to the market, with $16,362 million in 2019, and is estimated to reach $26,110 million by 2027, at a CAGR of 9.8% during the forecast period. Find your information in our database containing over 20,000 reports, Consumer Market Chewy tapioca balls or different flavored jellies are then added to give bubble tea the fun, chewy texture that it is known for! 10. Bubble Tea Market Share, Size and Industry Growth Analysis 2021-2026 Changes in consumers tastes and preferences have fostered growth for the bubble tea market over the forecast period. Malaysia Coffee & Tea Market Research Reports & Analysis page 1 Ltd. https://www.futuremarketinsights.com/reports/sample/rep-gb-12310, https://www.futuremarketinsights.com/customization-available/rep-gb-12310, https://www.futuremarketinsights.com/checkout/12310, https://www.futuremarketinsights.com/ask-question/rep-gb-12310, https://www.futuremarketinsights.com/reports/bubble-tea-market, https://www.futuremarketinsights.com/reports, Ready to Drink Shakes Market Outlook (2022-2032). Its iced or hot black or green tea mixed with chewy tapioca balls that are often flavored. 13. 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. Tapioca balls or "pearls" are often added to the concoction as well. Tea is an aromatic beverage derived . Increasing Inclination of Consumers toward Versatile Teas with Innovative Bold Flavors is a Prominent Trend. 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. 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. Picture via Instagram/yicha_malaysia and myheycha. 'Revenge bubble tea drinking': Shanghai awakes from Covid lockdown Bubble tea . To know how our report can help streamline your business, Speak to Analyst, Shift of Consumers toward Black Tea Due to its Health-Imparting Properties Boosts Market's Performance. 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. 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 . Start reading instantly ,This Report and over 19,845+ more Reports, Available with Avenue Library, T&C*, WRITE AN EMAIL help@alliedmarketresearch.com, U.S. - Canada :+1-800-792-5285 (Toll-free) Int'l : +1-503-894-6022 UK : + 44-845-528-1300. Insights. Bubble tea is drunk by millions of people around the world every single day, even in countries that you might not expect! Australia . Fruit Flavor Segment is Dominating Backed by High Consumer Preference. For instance, in September 2020, Chen Shucheng started a new bubble milk tea franchise in Singapore called Meme Xpress. Aug 24, 2022 03:14pm. Furthermore, a decline in the growth of bubble tea consumption is witnessed due to strong restrictions on import and export facilities. 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 Club | DIY Bubble Tea Kits Bubble tea is also known as pearl milk tea. Is Running A Bubble Tea Business In S'pore Actually Lucrative? A popular version of bubble tea, known as Thai iced tea originated in Thailand in the 1800s, and when bubble tea was invented people began adding tapioca balls to it. Filipinos rank second highest bubble tea drinkers in Southeast Asia Bubble tea has a milk base and includes ingredients like chewy tapioca balls, or fruit jelly and boba. Tea Statistics | Consumption & 2023 Industry Data - Your Best Digs India and Australia will lock horns in the Third Test of the ongoing Border-Gavaskar Trophy at Indore's Holkar Cricket Stadium from March 1 onwards. After experiencing a downfall due to fierce market competition in 2003, the bubble tea market was revived in 2007 with the entry of several foreign brands. The size of the global Bubble Tea Market in 2019 was $2,407.6 million. In Asia, however, it is equally popular among men and women and is seen as a cultural phenomenon. It includes flavor variants such as lychee, mango, passion fruit, peach, plum, strawberry, avocado, banana, grape, kiwi, lemon, and others. Symptoms of . . Health Reports: Beverage consumption of Canadian adults: Findings This is a very good piece of work and will be very helpful to us going forward. Various key insights presented in the report are an overview of related markets, competitive landscape, recent industry developments such as mergers & acquisitions, regulatory scenario in critical countries, and key bubble tea industry trends. 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.
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