Future Market Insights Global and Consulting Pvt. 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. These drinks are made with milk tea and tapioca pearls (to make the bubbles), which contain a lot of natural sugar. 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! It also offers a detailed analysis of the market size and growth rate for all possible market segments. This is a very good piece of work and will be very helpful to us going forward. 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 02 Each tapioca ball has 5 to 14 calories. Art & Craft. info@pearllemongroup.com. The market is anticipated to be valued at US$ 46.0 Mn in 2032. By 2025, 70% of spending and 10% of volume consumption in the Tea . Also, due to the strong dependency on Asian countries to source raw materials, such as tapioca balls, from Taiwan, it hinders the production process and impacts their overall operations. 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. With 38 grams per 16oz beverage, bubble tea should be enjoyed in moderation. 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. 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. Global Demand for Coffee - Despite the demand for coffee in the United States, the country only ranks 25th in per capita coffee consumption. 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. Nigeria, specifically, has become a hub for cassava production. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. The chocolate segment is projected to have the fastest growth in the coming years due to increasing demand for chocolate-based drinks from every age group. Cook for about 20 minutes. By the toppings segment, pearls are anticipated to grow at a prolific CAGR of 10.3% with more than 35% of the global market share. Australia: 0.75 kg (1.65 lb) 17 Pour tea, milk, and 4 teaspoons sugar into a cocktail shaker. And if you have a sweet tooth, its SO GOOD. Quinoline Yellow WS Market Analysis: The global quinoline yellow WS (water soluble) market is projected to reach a valuation of US$ 28.5 Mn in 2022, growing at a CAGR of 3.9% between 2022-2032. Insights. Over of the bubble tea enjoyed around the world is fruit-flavored. The closure of Shanghai . Boba tea is creating a buzz among individuals worldwide, owing to its growing appeal and novelty. The U.S. market is anticipated to register a prolific CAGR of 12.4% over the forecast period. The size of the global Bubble Tea Market in 2019 was $2,407.6 million. Bubble tea is a drink made from tea (usually black tea), milk, syrup, and a special ingredient that captivates the hearts of Chinese people: tapioca pearls. 11. Which region held the highest share in the market? BBT Club is Australia's leading DIY bubble tea company for anywhere and anytime. Were big enough to handle massive projects, and yet also nimble enough to come up with names on demand that hit every time. Heycha and Yicha both have similar-sounding names and include refreshing fruit teas as part of their star offerings. With shops all around the world in many major cities, its easy to indulge your bubble tea craving when you want to! 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. 1. It looks like the bubble tea craze isn't going anywhere soonat least, according to GrabFood data that states bubble tea orders in Southeast Asia saw a 3,000 percent growth rate in 2018. The Mayo Clinic state that up to 400 mg of caffeine a day is probably safe for most healthy adults. One kilogram therefore represents 500 cup equivalents. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 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. Required fields are marked *. Just over half (52%) of all free sugars consumed were from beverages, led by soft drinks, sports and energy drinks (19%), fruit juice and fruit drinks (13%), with the sugar added to beverages such as tea and coffee contributing 7.3% and . Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. The current valuation of the market is US$ 2.50 billion in 2022. The key players in the industry receiving high levels of popularity and response from customers are franchising their businesses into different locations. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. This is a list of countries ordered by annual per capita consumption of tea, as of 2016. We value them as a research company worthy of building long-term relationships., Well done Fortune Business Insights! Published. We are happy to help. 14. The two businesses are known for their zingy fruit tea drinks. Bubble Tea is a famous non-alcoholic beverage drink that first . 8. Bubble tea has been gaining traction in emerging markets, owing to rise in its popularity.Furthermore, growth in health consciousness and increase in adoption of healthy beverages such as green tea, black tea, oolong tea, and white tea among consumers drive the market growth. Request a Free sample to learn more about this report. Since our launch, weve worked on more than 1,000 projects for clients around 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. 7.3.9.1. Symptoms of . China is projected to exhibit a 7.5% CAGR. This has led to transportation delays and the functioning of both supplies (tea estates) and demand for consumption points to a standstill due to shortage of manpower and reduced visits of customers to coffee shops amidst the lockdown. 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. The outbreak of COVID-19 forced government bodies to impose strict closure of restaurants, farms, and factories to maintain safety measures and implement social distancing. Graph. Rank Country/Region Tea consumption 1 Turkey: 3.16 kg (6.96 lb) . Now, there are bubble tea shops everywhere, and many companies have started to offer other bubble tea treats in the form of desserts to expand the marketplace. The demand for bubble tea is predicted to grow at an impressive rate. Sometimes they are blended with ice to give them a more slushy-like consistency. 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. Methods: Self-report questionnaires were used to assess bubble tea consumption and mental status. We selected the top 40 popular menu items from three of the most commonly used OFD applications in 2021. Using new techniques such as molecular nitrogenation also adds innovation to the traditional recipe, thus further opening numerous opportunities for the market to bolster growth. 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. Why buy this report? Coffee shop. In fact, tea was aboard the First Fleet in 1788. This bubble tea craze has taken over. US Coffee Statistics. July 26, 2022 10:30 ET Health Benefits Associated with Bubble Tea Consumption to Drive the Market Growth . 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. A. It includes flavor variants such as lychee, mango, passion fruit, peach, plum, strawberry, avocado, banana, grape, kiwi, lemon, and others. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. 3. For those looking to cut back on sugar, bubble tea may not be the best choice. By sugar content, reduced sugar/sugar-free category will gain traction over the forecast period. Statista. This segment does not include herbal tea, instant tea, iced tea or similar tea-derived Ready-to-Drink beverages. For instance, the base ingredients required for the preparation of black or green tea are exported from India, but due to the imposed regulations, companies were unable to process the demands of the manufacturers. By 2025, 70% of spending and 10% of volume consumption in the Tea segment will be attributable to out-of-home consumption (e.g., in bars and restaurants). The incredible success of bubble tea in China since 1996. In relation to total population figures, per person revenues of US$53.14 are generated in 2023. This was attributed to rise in the fitness conscious people across the globe. The data offered to us was exactly what we were looking for. 7.1% consumed diet drinks daily. In 2018, bubble tea made a 3,000 . NEWARK, Del, July 26, 2022 (GLOBE NEWSWIRE) -- The global bubble tea market is projected to reach a value of US$ 5.5 Bn by 2031, with sales growing at a robust CAGR of 8.8% for the forecast period . Emerging countries such as China, India and Brazil growing with the CAGR of 8%, 9.5%, and 8.3% respectively. According to the CXOs, Europe is projected to register significant growth as compared to Asia-Pacific and North America due to rapid urbanization, rise in consumption of healthy beverages, and low price of bubble tea. Looking forward to work together in the future, It has been a delightful experience working with you guys. In this article, I'll be sharing detailed statistics on bubble tea consumption - so if you're as curious as I am about this popular beverage, read on! And if youre looking for all the facts and figures that back up our claim, you have this blog post. Today, millennials, zennials, and gen z account for the vast majority of the countrys bubble tea consumption. However, since the ease of lockdowns, governments have proposed several initiatives and strategies to help the companies in recovering the losses across the globe. Nevertheless, manufacturers are trying to introduce new beverage options, such as bubble milk tea, in the market. Kenya is one of the main global tea exporters and as a result, it is no surprise that Kenyans love their tea, in particular black tea, though in 2022, fruit/herbal tea registered the highest current value growth. Rising consumption of tea and coffee as nootropic drinks among students and working-class population is a key factor for the market growth. Asia Pacific is expected to dominate the market during the forecast period. Market size and forecast, by Base Ingredient, 2020-2028 7.3.9.2. We use cookies to enhance your experience. Reduced sugar/ sugar-free bubble tea will gain traction over the assessment period. 9. Girls and women are the primary demographic among bubble tea drinkers, with 95% having tried it. The average volume per person in the Tea segment is expected to amount to 0.68kg in 2023. Add the ice cubes, and shake so the whole drink can get cold. 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. Chocolate flavored milk tea is tremendously popular in which chocolate powder is blended with milk to strengthen its flavor. 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. Pune, India, Oct. 26, 2021 (GLOBE NEWSWIRE) -- The global bubble tea market size is expected to reach USD 3.39 billion by 2027 . Online retailing is predicted to register an 11.9% CAGR. 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. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. Bubble tea, also known as Boba or Boba tea, is rapidly becoming one of the worlds favorite beverages. Ready to drink tea products have seen a 15x increase in sales and consumption since 2004. Theres a lot more to bubble tea than meets the eye, and weve discovered all of the reasons that its a global favorite. Revenue in the Tea segment amounts to US$1.40bn in 2023. Ask for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-12310. According to the report, bubble tea orders had increased at a whopping 3,000 percent in 2018. For better delivery of our new release, Please help us undestand your interest Industry and Frequency that you prefer to get the new releases. Countries in North America are gradually increasing the consumption of this tea owing to the growing popularity of tea-based drinks. Over 95% of females in the united states have tried bubble tea, while 81% of males . A typical serving of bubble tea at a chain might cost $3 to $5 for a 16- to 20-ounce cup. Between 2021 and 2028, the global tea market is expected to grow at a CAGR of 6.6%. Awareness about health issues and their relation to meat consumption has resulted in a shift towards vegan and plant-based diets. Lycopene Food Colors Market Growth: The overall demand for lycopene food colors is slated to grow at a prolific CAGR of 10.7% during the forecast 2022-2032, totaling US$ 257 Mn by 2032. 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. Fortune Business Insights says that the global market size was USD 2.17 billion in 2021 and is projected to reach USD 3.78 billion by 2029. info@pearllemongroup.com. In 2018, there were over 450,000 shops selling bubble tea in China. 16. On the basis of flavor, it is categorized into original flavor, coffee flavor, fruit flavor, chocolate flavor, and others. Tea decreased 0.14 USD/Kgs or 4.95% since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Some of the most popular fruit flavors include strawberry, blueberry, green apple, pineapple, passion fruit, mango, lemon, watermelon, grape, peach, cantaloupe, banana, and kiwi among others. In Asia, however, it is equally popular among men and women and is seen as a cultural phenomenon. Market size and forecast, by Flavor, 2020-2028 Based on the base ingredient, green tea will lead the market growth over the forecast period. 2023 Allied Market Research. Its not just the sugar that gives these drinks their sweetness, though; many restaurants also add sweeteners to them. The market is expected to grow annually by 2.61% (CAGR 2023-2025). Per Capita Global Tea Consumption Patterns Americans consume more than 50 billion servings of tea a year, nearly 85% of which is iced. 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. Companies covered in bubble tea market report are ChaTime, Bubble Tea Supply Inc., Gong Cha, CoCo Fresh, Quickly, Kung Fu Tea, Tiger Sugar Korea, Boba Loca, Happylemon, Lollicup USA, Inc . Apart from the variety of flavors available, one of the primary elements fueling the expansion of bubble tea Industry is the health benefits. 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. The market value of the bubble tea market is anticipated to reach a high of US$ 5.82 billion by the year 2032. However, the sweeteners segment is expected to witness the highest growth, owing to rise in demand for sweet beverages across the globe. For instance, in September 2020, Chen Shucheng started a new bubble milk tea franchise in Singapore called Meme Xpress. 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. According to a recent consumer study, 94% of people between ages 20 and 29 have purchased bubble tea within the last 3 months. Bubble tea made a rise in popularity in 2018 with a 3000% increase in orders from Southeast Asia. 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. When you look at the marketing for bubble tea, the numbers make sense. With 250 different flavors, it makes sense that there would be different bases to the teas. 12. As more and more countries discover the delicacy that is bubble tea, these figures are sure to continue growing. A. The global market is projected to reach US$ 194.7 Bn by 2032. . Picture via Instagram/yicha_malaysia and myheycha. In the Philippines alone, orders increased by 3,500 percent from June to December 2018. Bubble tea . Toss in the pearl tapioca. Its iced or hot black or green tea mixed with chewy tapioca balls that are often flavored. 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. Other players operating in the market are Boba Box Limited, Fokus Inc., Sumos Sdn Bhd, Troika J.C. (Qbubble), and Boba Tea Company. Jan 2023. Rising number of fitness conscious consumers and rising demand for tea based beverages in youth generation across the globe is the current trend in the global bubble tea market.. A. Europe and LAMEA will provide more business opportunities for Bubble Tea Market in coming years. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. More Insights into the Bubble Tea Market Report. The boba tea trend continued to soar in its originating region and later spread its attractiveness in other western countries, such as Canada and the U.K., and is now considered a mainstay due to its unique formulation. Boost your students confidence by putting their results next to the public's In global comparison, most revenue is generated in China (US$111,800.00m in 2023). 87% of American millennials drink tea, including bubble tea. In 2020, China dominated the tea market with 78.7 billion US dollars of revenue. A South Australian Health Omnibus Survey (SAHOS) done in 2014 showed that there was a . The black tea segment is projected to grow at a significant CAGR during the forecast period, owing to its increased preference by health-conscious consumers across every region. Tea is a beverage made by pouring hot water over cured leaves. (Caffeine Informer) 1.In 2019, 64% of Americans aged 18 and over drank coffee every day. The consumption of organic tea rose by 1.06 million gallons in 2018. 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. The consumption of bubble milk tea also improves the balance of vitamins and minerals in the human body due to the presence of various inclusions such as yogurt, cream, fruit bits, and others. This, along with the rise in dairy alternatives is fueling market growth of bubble tea in the U.S. China bubble tea market is forecasted to grow at a 7.5% CAGR. In the Tea segment, volume is expected to amount to 18.6mkg by 2025. Bubble milk teas surge in popularity is mainly attributed to taste, affordability, and the rising reinvention of the basic tea recipe. 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. 30.7% of Victorian adults consumed sugar-sweetened soft drinks at least once a week. Request Now ! It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years. The major countries in each region are mapped according to their revenue contribution to the global bubble tea market. The Middle East & Africa showcases a slower growth as pearl milk tea is consumed as a social drink or as a gesture of hospitality. 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%.. The mean age of study participants was 24 years and the age range was 18 or older to younger than 30 years.