Our objective was to assess the nutritional profile of popular menu items available through OFD applications in Bangkok, Thailand. Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. The data offered to us was exactly what we were looking for. The market for Tea segment is expected to show a volume growth of 1.6% in 2024. The two businesses are known for their zingy fruit tea drinks. There was a 3,000% increase in the amount of bubble tea orders in Southeast Asia in 2018. Changes in consumers tastes and preferences have fostered growth for the bubble tea market over the forecast period. a more convenient consumption option, compared with hot cereals, which can require the addition of boiling water or milk. Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. 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. This beverage has undergone a few waves of popularity in Singapore. (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. "Market Intelligence that Adds Flavour to Your Success", Region : Global | Format: PDF | Report ID: FBI101564. December 17, 2022. 9. Based on the base ingredient, green tea will lead the market growth over the forecast period. In addition, aggressive advertisements and celebrity end orsements have also helped the global market to pave its way toward growth. 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. Your email address will not be published. Apart from being a healthier alternative, becoming a trending beverage, especially among younger consumers, has also aided market growth for bubble tea. Europe also witnessed growth in the pearl milk tea market around the same time as other Asian countries. There are 250 different flavors of bubble tea. Statista. 7. 13. Countries such as Vietnam and Taiwan are projected to have the largest sales. With 38 grams per 16oz beverage, bubble tea should be enjoyed in moderation. 12. Picture via Instagram/yicha_malaysia and myheycha. Based on our analysis, the global market exhibited a slower growth of 2.76% in 2020 as compared to 2019. In relation to total population figures, per person revenues of US$53.14 are generated in 2023. 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. Its not just the sugar that gives these drinks their sweetness, though; many restaurants also add sweeteners to them. 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. Published. 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. Additionally, they can be ordered with fruit or boba, both of which are high in added sugar. A. Bubble tea, also known as Boba or Boba tea, is rapidly becoming one of the worlds favorite beverages. For example, according to . The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the industry. The growing interest of consumers in innovative beverages with bold flavors and their willingness to experiment with various flavors is captivating the consumers attention, which contributes to fueling the market growth. It is made using green tea, white tea, black tea, or oolong tea. In 2016, 19.4 per cent of The bubble tea market was valued at $2.4 billion in 2019 and is estimated to reach $4.3 billion by 2027, registering a CAGR of 7.80% from 2020 to 2027. Additionally, due to Australia's climate, tea is able to be grown and produced in northern Australia. Sunset Yellow FCF Market Sales: The sunset yellow FCF sales are slated to grow at a CAGR of 6.25% between 2022 and 2032, totaling a market valuation of US$ 150 Mn by 2032. This cross-sectional study investigated the association between bubble tea consumption and symptoms of anxiety and depression in a population-based sample. 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. This can be attributed to the availability of various options such as combination of various liquid flavors and syrups. Tea is the second most popular drink in the world, with water at first place. (Caffeine Informer) Grab also reported that on average, Southeast Asians drink an average of four cups of pearl milk tea per person per month. 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. 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. 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. 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. 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 Asia Pacific bubble tea market is expected to flourish with multiple market opportunities. 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. 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. The forecast period in the global bubble tea market report is 2019-2027. While bubble tea is enjoyed by people of all ages, it tends to be a global favorite among younger people. This is a decrease, compared to the growth of about 7.64% per year, registered in 2015-2019. +44 208 097 3636. However, since the ease of lockdowns, governments have proposed several initiatives and strategies to help the companies in recovering the losses across the globe. Australia . In global comparison, most revenue is generated in China (US$111,800.00m in 2023). 01 The first bubble tea came out in the early 1980s. 8. Tartrazine Market Trend: Global tartrazine market is projected to reach a valuation of US$ 120 Mn in 2022, with demand growing at a 7.0% CAGR over the forecast period. Join over 60,000 Bubblers (that's what we call our lovely customers!) Which region held the highest share in the market? Originating in Taiwan, the drink typically consists of tea, milk/cream, and sugar accompanied by tapioca pearls. By region, North America was the most prominent regional market in 2019. Other players operating in the market are Boba Box Limited, Fokus Inc., Sumos Sdn Bhd, Troika J.C. (Qbubble), and Boba Tea Company. After decades of slowly increasing in popularity, the big bubble tea boom happened in 2018. The global bubble tea market size was valued at USD 2.17 billion in 2021. Thanks for sticking with me in this huge post. 11. 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. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive, Please pass on our sincere thanks to the whole team at Fortune Business Insights. FB : Beverages| Pages: 261 | Author(s) : Vaibhav S , Roshan D, Single User License, Five User License & Enterprise User License. That means 24 countries have higher consumption rates that are worth targeting. 7.1% consumed diet drinks daily. Although people of all ages frequently enjoy bubble teas across the globe, younger people tend to drink them more frequently. The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. Such initiatives further support the immense growth opportunities for the companies. Elementary school children would look forward to buying a cup of refreshing tea after a long, hard day of work and play. Coffee shop. How Much Is the Bubble Tea Industry Worth. Meanwhile, Philippinos drink five cups of this tea per month. Worldwide Tea Statistics. 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. Bubble Tea originated in Taiwan in the early 1980's at a small tea stand. Frustrated customers have to remember that the tapioca balls arent just an inexpensive filler; theyre an integral part of what makes bubble tea unique and fun. The campaign will be extended due to the tremendous profit achieved, which motivates the company to broaden its product offerings and brand position. Book your free consultation and let our research experts help you with your needs/problems. 10. US Coffee Statistics. Ready to drink tea products have seen a 15x increase in sales and consumption since 2004. Based on the distribution channel, online retailing is expected to exhibit a CAGR of 11.9%. Address Shop 14, 375 William Street, Northbridge, Western Australia, WA, Australia 6003 Phone Number 0434039801 Categories Bubble Tea Shop, Tea Room Studies showed that green tea-based milk tea is proven to be beneficial for lowering blood pressure and the risk of cancer. info@pearllemongroup.com. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. However, excess sugar content in these drinks leading to health issues and trend of coffee consumption are expected to restrict the market growth. Furthermore, there has been an increase in boba stores in the U.S. and Canada, owing to the shift in consumer preferences toward no andlow-alcohol beverages, which has further contributed to 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. 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 global market for organic tea is showcasing strong growth principally because of the growing knowledge regarding safer counterparts of organic products among consumers. Find your information in our database containing over 20,000 reports, Consumer Market Bubble tea is drunk by millions of people around the world every single day, even in countries that you might not expect!
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