In 2020, China dominated the tea market with 78.7 billion US dollars of revenue. Data at LGA level is also presented. The major countries in each region are mapped according to their revenue contribution to the global bubble tea market. Request a Free sample to learn more about this report. 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 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. Its iced or hot black or green tea mixed with chewy tapioca balls that are often flavored. Art & Craft. Bubble tea got its name from the tapioca balls because when theyre added to the drink and shaken, the balls expand and pop, creating a popping soundor bubbling.. 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. USD 1,195. Were guessing you already know what bubble tea is. Required fields are marked *. With 38 grams per 16oz beverage, bubble tea should be enjoyed in moderation. 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. 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. Statista. 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 Tea originated in Taiwan in the early 1980's at a small tea stand. Nevertheless, manufacturers are trying to introduce new beverage options, such as bubble milk tea, in the market. Rank Country/Region Tea consumption 1 Turkey: 3.16 kg (6.96 lb) . Europe is expected to witness significant growth during the forecast period of 2022 to 2029 because of the increase in the demand for healthy hot beverages in the region. Revenue in the Tea segment amounts to US$1.40bn in 2023. Bubble tea has a sweet, sour, and tangy taste that varies depending on the type of fruit used. I hope you learned something from it, even if it was that you should lay off the bubble tea because really, you probably have had enough of that stuff by now. If youre looking for a sweet, refreshing drink that doesnt compromise on flavor or quality, bubble tea is the answer. One such brand riding that success locally is Chatime, a Taiwanese-founded bubble tea business which chose Australia as its first-ever Western market almost 10 years ago in 2009. This can be attributed to rise in the popularity of bubble tea with black tea as a base ingredient across the globe. Were big enough to handle massive projects, and yet also nimble enough to come up with names on demand that hit every time. 2023 Allied Market Research. Among various flavors, fruit flavor is more popular, and this segment dominated the market in 2019. China is projected to exhibit a 7.5% CAGR. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022. Synthetic Food Colors Market Outlook: The global synthetic food colors market size is estimated to be valued at US$ 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. Interesting Facts. This is a very good piece of work and will be very helpful to us going forward. 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. It also revealed that the global bubble tea market size was valued at US$2.02 billion in 2019, and is expected to reach US$3.39 billion by 2027. A. The price might seem high, but you have to consider everything that goes into making it, which includes: On the surface, bubble tea seems like a simple drink. There are many teas, they can vary in . Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. Bubble tea is made by adding fruit syrup or milk to (usually cold) tea and then shaking the . 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. Tea is a large part of modern Australian culture due to its British origins. Nearly everyone in Thailand enjoys drinking bubble tea, to the point that they have surpassed every other country in the amount that they drink! 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. Bubble tea can be found on every continent today, except for Antarctica, of course! Most bubble tea recipes contain a tea base mixed with fruit or milk, to which chewy tapioca balls (known as bubbles, pearls, or boba) and fruit jelly are often added. The key players in the industry receiving high levels of popularity and response from customers are franchising their businesses into different locations. The mean age of study participants was 24 years and the age range was 18 or older to younger than 30 years. It looks quite comprehensive and the data is exactly what I was looking for. Cassava flour itself comes from the cassava root, which is native to South America but has become a staple food in many African nations. 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. 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. Market size and forecast, by Flavor, 2020-2028 9. . The forecast period in the global bubble tea market report is 2019-2027. Based on our analysis, the global market exhibited a slower growth of 2.76% in 2020 as compared to 2019. Apart from being a healthier alternative, becoming a trending beverage, especially among younger consumers, has also aided market growth for bubble tea. Australia . Based on the base ingredient, green tea will lead the market growth over the forecast period. Due to widespread popularity and prevailing trends as well as the presence of many bubble tea manufacturers in this region, the bubble tea market in China is expected to continue to flourish over the forecast period. 2016. But in case you dont Its tea served with a giant chewy ball of tapioca at the bottom of the cup. 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. These latest product ranges further act as a marketing strategy to attract a vast consumer base worldwide. Bubble tea is extremely high in calories. While bubble tea is enjoyed by people of all ages, it tends to be a global favorite among younger people. The value of its market is estimated to be $5.2 billion. The market for Tea segment is expected to show a volume growth of 1.6% in 2024. 10. This can be attributed to the rise in awareness regarding healthy lifestyle and higher adoption of healthy beverages by health-conscious consumers. Insights. India is currently 1-0 up in the series, which has seen Indian spinners dominating both the tests in Nagpur and Delhi. Quick Facts. Bubble Tea is a famous non-alcoholic beverage drink that first . Who are the leading players in the market? Press release from: Analytics Market Research. A. Strong dependency on Asian countries to source raw materials acts as one of the major restraints in the market. Pour into a glass, and add tapioca. Tea is a beverage made by pouring hot water over cured leaves. Teenagers and people in their 20s consistently account for the highest consumer percentage of bubble teas. But did you know that there are six different types of bubble tea? 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! 10. Statista. 1. 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. Market size and forecast, by Base Ingredient, 2020-2028 7.3.9.2. Green tea has shown long-term energy inducing properties and has a positive effect on the regulation of body weight. Australians drink tea and have afternoon tea and morning tea much the way the British do. This is a decrease, compared to the growth of about 7.64% per year, registered in 2015-2019. Background: Bubble tea has become enormously popular in China in recent years. 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. Join over 60,000 Bubblers (that's what we call our lovely customers!) 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. Girls and women are the primary demographic among bubble tea drinkers, with 95% having tried it. The bubble tea market in Thailand is predicted to register an 8.7% CAGR. Rising consumption of tea and coffee as nootropic drinks among students and working-class population is a key factor for the market growth. Aug 24, 2022 03:14pm. 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.
There was a 3,000% increase in the amount of bubble tea orders in Southeast Asia in 2018. The data says that for every additional 1% of expats living in a postcode, we should expect the probability of a bubble tea shop in that postcode to increase by 0.0091 from a baseline of -0.2089. The at-home market, also called off-trade market, covers all retail sales via super- and hypermarkets, convenience stores or similar sales channels. Presently, themarket is moving toward growing stage and is expected to garner steady growth in major markets, which include the U.S., Germany, China, India, and Brazil. The global COVID-19 pandemic has been unprecedented and staggering, with bubble tea experiencing lower-than-anticipated demand . Ready-to-Drink variants are instead aggregated into the segment Ready-to-Drink (RTD) Tea in the Non-Alcoholic Drinks market. When we say that bubble tea is insanely popular, were not joking. 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. 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. Bubble tea is known for its sweet taste. 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. The drink became popular during the 1990s, just in time for millennials to develop a taste for it. 3. This was attributed to rise in the fitness conscious people across the globe. Address Shop 14, 375 William Street, Northbridge, Western Australia, WA, Australia 6003 Phone Number 0434039801 Categories Bubble Tea Shop, Tea Room In 2004, daily beverage consumption of 19- to 30-year-olds averaged 2,610 grams for men and 2,056 grams for women (Table 1). Asia Pacific is expected to dominate the market during the forecast period. 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 United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. 6. [1] Since our launch, weve worked on more than 1,000 projects for clients around the world.
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