Bubble Tea Popularity Statistics Singapore; by palmebre Published: July 20, 2021 (2 days ago) Category. The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. 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. For better delivery of our new release, Please help us undestand your interest Industry and Frequency that you prefer to get the new releases. But the most important thing to love is that its a beverage category that has grown by leaps and bounds over the past ten years or so, with seemingly no end in sight. With 250 different flavors, it makes sense that there would be different bases to the teas. Coffee shop. The 30 Tea Drinkers vs. Coffee Drinkers Statistics. 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. The demand for bubble tea is predicted to grow at an impressive rate. The global bubble teamarket holds a substantial scope for growthduring the forecast period. Clicking on the following button will update the content below. | Source: 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. https://www.fortunebusinessinsights.com/industry-reports/bubble-tea-market-101564, Yummy Town (Cayman) Holdings Corporation (Happy Lemon) (Taiwan), Granular Research on Specified Regions or Segments, Companies Profiled based on User Requirement, Broader Insights Pertaining to a Specific Segment or Region, Breaking Down Competitive Landscape as per Your Requirement, Other Specific Requirement on Customization. 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. 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. European countries are just starting to understand the bubble tea craze, and with new dessert products in the making, the only way for this industry to go is up. Nearly everyone in Thailand enjoys drinking bubble tea, to the point that they have surpassed every other country in the amount that they drink! Start reading instantly ,This Report and over 19,845+ more Reports, Available with Avenue Library, T&C*, WRITE AN EMAIL [email protected], U.S. - Canada :+1-800-792-5285 (Toll-free) Int'l : +1-503-894-6022 UK : + 44-845-528-1300. 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. How much sugar was consumed? Join over 60,000 Bubblers (that's what we call our lovely customers!) 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. Bubble tea brands expected to produce novel and unique products over the forecast period. This is a list of countries ordered by annual per capita consumption of tea, as of 2016. Stir until the sugar has dissolved and the milk is well mixed in. +44 208 097 3636. 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. It slowly spread throughout Asia before gaining popularity in the U.S. and across the globe. According to a recent consumer study, 94% of people between ages 20 and 29 have purchased bubble tea within the last 3 months. Companies in the Industry are Aggressively Expanding their Franchisees to Cater to the Growing Demand. The global Bubble Tea Market is expected to $4,368.6 million in 2027. Whats your favorite bubble tea base to start with? On the basis of flavor, it is categorized into original flavor, coffee flavor, fruit flavor, chocolate flavor, and others. The industry shows no signs of slowing down, and in fact, appears to be growing exponentially with every passing year. 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. For instance, in June 2022, Frankly, the first Italian bubble tea chain, witnessed a massive increment of around 148% compared to the previous years via a crowdfunding campaign. Virtually any flavor that you can imagine exists with bubble tea. 13. Published. How Much Is the Bubble Tea Industry Worth. According to a study published in the National Library of Medicine, 2022, chewing tapioca pearls can increase the salivary C-protein (CRP) and calcium (Ca) levels. However, the sweeteners segment is expected to witness the highest growth, owing to rise in demand for sweet beverages across the globe. The market is expected to grow annually by 2.61% (CAGR 2023-2025). Toss in the pearl tapioca. December 17, 2022. Originating in Taiwan, the drink typically consists of tea, milk/cream, and sugar accompanied by tapioca pearls. Bubble tea consumption gender-wise: According to the statistics, bubble tea is a favorite drink of women. India is currently 1-0 up in the series, which has seen Indian spinners dominating both the tests in Nagpur and Delhi. If you have an adventurous palette, we highly recommend trying as many different flavors as you can to find the one that will be your favorite! For those looking to cut back on sugar, bubble tea may not be the best choice. What may surprise you though is the amount of sugar! In the Tea segment, volume is expected to amount to 18.6mkg by 2025. . Looking forward to work together in the future, It has been a delightful experience working with you guys. As per the latest report by FMI, the U.S. bubble tea market is expected to register a 12.4% CAGR during the forecast period. 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. 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. Insights. Request Now ! Most other Southeastern Asian countries drink three cups monthly on average. Fruit Flavor Segment is Dominating Backed by High Consumer Preference. The article shared insights on the bubble tea craze in Southeast Asia. 10. Singapore market is forecasted to grow at a CAGR of 10.7%. Bubble Tea originated in Taiwan in the early 1980's at a small tea stand. While bubble tea is enjoyed by people of all ages, it tends to be a global favorite among younger people. The ICC World Test Championship final will be played in The Oval, London from June 7 to 11, where the conditions are pacer-friendly. The average volume per person in the Tea segment is expected to amount to 0.68kg in 2023. Bakery Products Market Share: The global bakery products market is estimated to reach US$ 235 Mn in 2022. 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. There was a 3,000% increase in the amount of bubble tea orders in Southeast Asia in 2018. Extruding the tapioca into these small balls is difficult work. According to Fortune Business Insights, the Asia Pacific region holds the largest market share and is expected to grow at a compound annual growth rate (CAGR) of 10.07 per cent by 2027. "Market Intelligence that Adds Flavour to Your Success", Region : Global | Format: PDF | Report ID: FBI101564. Furthermore, the shift of millennials toward such products owing to their demand for superior quality tea varieties with unique flavor offerings has aided in the growth. 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. For instance, in April 2020, a bubble tea company Chatime launched oat milk-based tea such as Chatime Pearl Milk Tea and Grass Jelly Roasted Milk Tea for lactose intolerant consumers. Although people of all ages frequently enjoy bubble teas across the globe, younger people tend to drink them more frequently. 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. By base ingredient, it is divided into black tea, green tea, oolong tea, and white tea. The segment is expected to display an 11.4% CAGR, and account for more than 38% of the global market share. The global COVID-19 pandemic has been unprecedented and staggering, with bubble tea experiencing lower-than-anticipated demand . Millennial Tea Drinking Stats - Tea continues to gain market share in surprising areas. As more and more consumers become aware of the negative effects of sugar consumption, the sugar-free or reduced sugar segment of bubble tea is expected to gain popularity. 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. 10. By component, it is classified into flavor, creamer, sweetener, liquid, tapioca pearls, and others. Introduced to China in the early 1990s, it quickly became one of the most popular drinks in the nation. When you look at the marketing for bubble tea, the numbers make sense. Tea is a beverage made by pouring hot water over cured leaves. Fruit-flavored bubble teas account for the largest percentage of bubble tea consumed at 37%. CXOs from the leading companies perceive that product innovation, development of newer flavor, and use of organic preservatives & color in the manufacturing process are the major areas of growth for the bubble tea market. South America is anticipated to grow in terms of sales volume of the products in the coming years. China is one of the prominent regions in the market that accounted for a sizeable share of the total market in 2019. 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. 84% of the tea that is consumed is black tea. There are many teas, they can vary in . 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 consumption statistics show that Thais drink six bubble teas per month. In 2018, bubble tea made a 3,000 . It is made using green tea, white tea, black tea, or oolong tea. Get in touch with us. A study conducted by the Tea Board of India revealed some interesting consumption patterns among Indian tea drinkers: About 80% tea drinkers in India consume it either with or before breakfast . Black tea is the most consumed tea around the world. 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, Troika JC. Ice-blended versions are usually mixed with fruit or syrup, resulting in a slushy consistency. Ltd. In this era, the growing consumer preferences for products depend on various factors such as choice of taste, price, brand, and location accessibility. Its iced or hot black or green tea mixed with chewy tapioca balls that are often flavored. Tapioca balls or "pearls" are often added to the concoction as well. A. Australia . 7. Online retailing is predicted to register an 11.9% CAGR. A. The global bubble tea market size was valued at USD 2.17 billion in 2021. Because of its proximity to Taiwan, where bubble tea was created, China quickly became a fan of the sweet beverage. Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. 1.In 2019, 64% of Americans aged 18 and over drank coffee every day. By flavor, the market is classified into coffee, fruit, chocolate, original, and others. 15. The appearance of the finished drink is what led to its name. This can be attributed to change in preference of consumers toward healthy beverages and better taste. Statista. In 2019, tea revenue globally is about US$214,761m and is expected to grow each year by 6.9% until 2023. An Infographic Representation of Bubble Tea Market, To get information on various segments, share your queries with us. In addition, as Europe is not highly indulged in tea production and mostly relies on other regions for the supply of tea, it somehow limits the market growth. The Middle East & Africa showcases a slower growth as pearl milk tea is consumed as a social drink or as a gesture of hospitality. Green tea has shown long-term energy inducing properties and has a positive effect on the regulation of body weight. Bubble tea is a sweet, delicious drink typically made from a tea base that is then mixed with either milk or fruit flavoring. 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. According to NCBI, healthy and natural ingredients such as green tea help in preventing weight gain and also in inducing weight loss when consumed regularly. This popular sweetened tea is made up of high-quality milk and tapioca pearls, along with fruit powder, creamer, and sweeteners. SINGAPORE ( THE BUSINESS TIMES) - Bubbling excitement for bubble tea across South-east Asia has helped the industry grow to a whopping US$3.7 billion ($5.1 . About 200 million pounds of tea leaves (bagged & loose) are shipped into the United As of December 2018, GrabFood's bubble tea network encompasses over 1,500 brands with 4,000 outlets throughout . 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. The global organic tea market size was USD 820.8 million in 2019 and it is projected to reach USD 1,918.7 million by 2027, exhibiting a CAGR of 11.2% during the forecast period. That is approximately four cups of brewed coffee, 10 cans of cola or two "energy shot . After decades of slowly increasing in popularity, the big bubble tea boom happened in 2018. This is a very good piece of work and will be very helpful to us going forward. 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. 02 Each tapioca ball has 5 to 14 calories. 11.2% of Victorian adults consume sugar sweetened beverages daily. Based on our analysis, the global market exhibited a slower growth of 2.76% in 2020 as compared to 2019. Moreover, rise in consumption of flavored bubble tea in young generation fuels thebubble tea market growth. The market is projected to grow from USD 2.29 billion in 2022 to USD 3.78 billion by 2029, exhibiting a CAGR of 7.40% during the forecast period. As more and more countries discover the delicacy that is bubble tea, these figures are sure to continue growing. 297 billion liters of tea were consumed worldwide in 2021. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. 2. Bubble tea is extremely high in calories. 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. 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. 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. Jan 2023. In global comparison, most revenue is generated in China (US$111,800.00m in 2023). Methods: Self-report questionnaires were used to assess bubble tea consumption and mental status. According to ourlatest study, due to COVID-19 pandemic, the global Bubble Tea market size is estimated to be worth USD 8295.5 million in 2021 and is forecast to a readjusted size of USD 26870 . Consumption declines with age. When we say that bubble tea is insanely popular, were not joking. 17 Aug 2022 12:37PM (Updated: 17 Aug 2022 06:16PM) SINGAPORE: Bubble tea lovers in Southeast Asia spend US$3.66 billion a year on the beverage and similar "new tea" drinks, with Singapore . Sunset Yellow FCF Market Sales: The sunset yellow FCF sales are slated to grow at a CAGR of 6.25% between 2022 and 2032, totaling a market valuation of US$ 150 Mn by 2032. Save my name and email in this browser for the next time I comment. Apart from being a healthier alternative, becoming a trending beverage, especially among younger consumers, has also aided market growth for bubble tea. All rights reserved. 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. Businesses that sell bubble tea (including those that serve other drinks, such as coffee and smoothies) face a lot of competition since there are many places where customers can find the same drink. 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. In relation to total population figures, per person revenues of US$53.14 are generated in 2023. Tea consumption per capita in the UK is 1.3 kg for 2019. Most bubble tea recipes contain a tea base mixed with fruit or milk, to which chewy tapioca balls (known as bubbles, pearls, or boba) and fruit jelly are often added. About | Privacy Policy |Contact | Advertise | Support. Contact Sales for Further Assistance in Purchasing this Report @ https://www.futuremarketinsights.com/checkout/12310. 8. Graph. Consumers are shifting toward natural and organic food and beverage products, which is one of the major factors that would help in the growth of this segment in the market. One concession owner became popular with her . Today, millennials, zennials, and gen z account for the vast majority of the countrys bubble tea consumption. [email protected]. Market size and forecast, by Flavor, 2020-2028 Whether youre feeling something sweet, fruity, and refreshing, something soothing and tea-like, or a slushy smoothie like-drink, bubble tea has you covered. A South Australian Health Omnibus Survey (SAHOS) done in 2014 showed that there was a . Bubble tea can be found in over 30 countries. Data at LGA level is also presented. Mineral Premix Market Demand: The global mineral premixes market is expected to reach US$ 761.1 Mn by 2022, accelerating at a CAGR of 8.6% during the forecast period (2022-2032). The 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. Bubble tea, also known as Boba or Boba tea, is rapidly becoming one of the worlds favorite beverages. They are made from cassava starch, a common ingredient in Brazilian culture, and they take time, effort, and skill to make properly. The segment will depict a robust 11.8% CAGR and account for more than 26% of the market share. Girls and women are the primary demographic among bubble tea drinkers, with 95% having tried it. Thailand leads in bubble tea consumption at an average of 6 cups per person per day. 14. Global Demand for Coffee - Despite the demand for coffee in the United States, the country only ranks 25th in per capita coffee consumption. Elementary school children would look forward to buying a cup of refreshing tea after a long, hard day of work and play. 4. Bubble tea is made by adding fruit syrup or milk to (usually cold) tea and then shaking the . Tea in Kenya. The Market for Bubble Tea in North America to be the Most Dominant & Fastest Growing. Bubble tea can be found on every continent today, except for Antarctica, of course! Asia Pacific is expected to dominate the market during the forecast period. 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. It's the second most-consumed drink in the world, only behind water. Such initiatives further support the immense growth opportunities for the companies. 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. 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. The option to customize your bubble tea, availability at most cafes, restaurants, convenience, and grocery stores as well as the variety offered has contributed to the market growth. Were big enough to handle massive projects, and yet also nimble enough to come up with names on demand that hit every time. Malaysia Coffee & Tea Reports: Our 2023 Malaysia report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Coffee & Tea market. 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). Between 2021 and 2028, the global tea market is expected to grow at a CAGR of 6.6%. Virtually any fruit that you can think of can be enjoyed in a bubble tea drink. 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. Bubble tea made a rise in popularity in 2018 with a 3000% increase in orders from Southeast Asia. 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 black tea segment is expected to be the leading segment in the global market. 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. 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. The market is anticipated to be valued at US$ 46.0 Mn in 2032. Pour tea, milk, and 4 teaspoons sugar into a cocktail shaker. Bubble tea is a beverage originating from Taiwan comprising tea with fruit syrup or milk added, and then shaken. 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 . If youre looking for a sweet, refreshing drink that doesnt compromise on flavor or quality, bubble tea is the answer. 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. 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. Chatime, Gong Cha, Coco Fresh Tea & Juice, and Lollicup USA, Inc. are the leading players in the market. Future Market Insights Global and Consulting Pvt. 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. Young people between ages 20 and 29 are interested in bubble tea. For instance, in September 2021, Dubai witnessed the opening of various new tea outlets serving bubble tea across the country. Australians drink tea and have afternoon tea and morning tea much the way the British do. This is likely due to its naturally sweet flavor and all of the different varieties of teas that are available. Statista. Among participants, 647 (88%) consumed less . 16. 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. There are 250 different flavors of bubble tea. 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. Tea is one of the most popular beverages consumed worldwide. 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! 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. Bubble tea first appeared in Thailand ten years ago, but since has gone out of market trend, staged a strong comeback, and established itself in the region. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 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. 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 Meanwhile, Philippinos drink five cups of this tea per month. A 16 oz serving of bubble tea contains 38 grams of sugar, which is 76% of the recommended daily value. Bubble tea is a mix of milk, tea, and fruit juice with added bubbly-looking toppings (like tapioca balls). Increasing Inclination of Consumers toward Versatile Teas with Innovative Bold Flavors is a Prominent Trend. 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.