More Insights into the Bubble Tea Market Report. Bubble milk teas surge in popularity is mainly attributed to taste, affordability, and the rising reinvention of the basic tea recipe. DUBAI, U.A.E., Aug. 12, 2020 /PRNewswire/ -- The bubble tea market is expected to rise at a year-on-year growth rate of 8% from 2020-2030, opines Future Market Insights in its recent report . 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. The success of bubble tea in China explained - Daxue Consulting 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. Tea - Australia - Statista - The Statistics Portal for Market Data 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). Global Demand for Coffee - Despite the demand for coffee in the United States, the country only ranks 25th in per capita coffee consumption. Data at LGA level is also presented. 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. Tapioca pearls are made from cassava flour, of which Nigeria is the worlds largest exporter (21%). According to the report, bubble tea orders had increased at a whopping 3,000 percent in 2018. The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. India is currently 1-0 up in the series, which has seen Indian spinners dominating both the tests in Nagpur and Delhi. Essential Facts. 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. These latest product ranges further act as a marketing strategy to attract a vast consumer base worldwide. 2023 Allied Market Research. Over of the bubble tea enjoyed around the world is fruit-flavored. Methods: Self-report questionnaires were used to assess bubble tea consumption and mental status. 2016. A. 19 Shocking Tea Consumption Statistics - BrandonGaille.com 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. 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 research report includes quantitative and qualitative insights into the market. Bubble tea is also known as (Zhen Zhu Nai Cha) directly translates to pearl milk tea, but is also known as boba tea in . 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. 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. Young people between ages 20 and 29 are interested in bubble tea. This was attributed due to rise in the consumption of tea based everages across the world. USD 1,195. In relation to total population figures, per person revenues of US$53.14 are generated in 2023. Tea stands were set up in front of the schools and would compete for business with the best selling tea. Unilever (Lipton), Associated British Foods (Twinings) and Tata Global Beverages (Tetley) are globally the most important players by revenue. A. Since our launch, weve worked on more than 1,000 projects for clients around the world. Bubble Tea: What Happened To A 14-Year-Old Who Drank It - Forbes One cup of tea is assumed to contain 2 grams of tea. Request a Free sample to learn more about this report. Background: Bubble tea has become enormously popular in China in recent years. Future Market Insights Inc.Christiana Corporate,200 Continental Drive,Suite 401, Newark,Delaware - 19713, USAT: +1-845-579-5705Report: https://www.futuremarketinsights.com/reports/bubble-tea-marketFor Sales Enquiries: sales@futuremarketinsights.comBrowse all Reports: https://www.futuremarketinsights.com/reportsLinkedIn|Twitter|Blogs. Ask for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-12310. Need to talk to an expert? Asia Pacific is expected to dominate the market during the forecast period. Moreover, European and other Scandinavian countries are prominent followers of tea and coffee cultures, and thus are keenly interested in experimenting with new types of fruity flavors, herbal, and pearl milk teas. In its latest report, FMI offers an unbiased analysis of the global bubble tea, providing historical data from 2016 to 2020 and forecast statistics for the period 2021-to 2031. Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. The market was expected to reach a valuation of US$ 2.3 Bn by the end of 2021. The Market for Bubble Tea in North America to be the Most Dominant & Fastest Growing. Bubble tea brands expected to produce novel and unique products over the forecast period. When you look at the marketing for bubble tea, the numbers make sense. About 200 million pounds of tea leaves (bagged & loose) are shipped into the United Which is the leading segment based on the product type in the market? S-E Asia spent $5b on bubble tea in 2021; Indonesia tops list: Report The market for Hot Drinks is structured into retail sales for at home consumption and on-premise or foodservice sales for out-of-home consumption. US Coffee Statistics. Statista. Bubble tea made a rise in popularity in 2018 with a 3000% increase in orders from Southeast Asia. With 250 different flavors, it makes sense that there would be different bases to the teas. Tea consumption per capita in the UK is 1.3 kg for 2019. 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. Thank you Fortune Business Insights for your efforts and prompt response, I had a great experience working with Fortune Business Insights. 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. Table I : Prevalence1 of Bubble Tea Consumption among Students in University of Cyberjaya according to Sociodemographic Descriptions Sociodemographic description Bubble tea consumption Consume, n (%) Do not consume, n (%) Total, n (%) . The valuation of the out-of-home segment at retail prices means a significant change of the market definition in comparison to earlier iterations of the Consumer Market Outlook, as out-of-home consumption was valued at wholesale prices before. 10. Table 1 shows the frequency of bubble tea consumption, and the prevalence of symptoms of depression and anxiety according to the covariates age, gender, sociodemographic and lifestyle factors. Get a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12310. How much is the global bubble tea market worth? Insights. In addition, due to the presence of artificial preservatives in bubble tea, consumers are changing their preference toward organic beverages, which hampers the growth of the global bubble tea market. Changes in consumers tastes and preferences have fostered growth for the bubble tea market over the forecast period. . 9. Symptoms of . 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. Tea Drinkers vs. Coffee Drinkers: 30 Statistics to Know in 2023 Bubble tea has a sweet, sour, and tangy taste that varies depending on the type of fruit used. This beverage has undergone a few waves of popularity in Singapore. 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. 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. Bubble Tea Popularity Statistics Singapore - Emkan.me Bubble tea can be found on every continent today, except for Antarctica, of course! Beneficial effects of green tea: A literature review - PMC The devotion to bubble tea is so fanatical that in 2020, at the cusp of the circuit breaker, an argument broke out between a food rider and store employees about a hold-up in orders. This is a list of countries ordered by annual per capita consumption of tea, as of 2016. Press release from: Analytics Market Research. We value them as a research company worthy of building long-term relationships., Well done Fortune Business Insights! Moreover, based on the study by the finance-based startup, Momentum Works and payment startup, Qlub, Indonesias bubble milk tea market ranked first among all the Southeast Asian countries. For instance, in April 2022, U.S. based start-up namely Bubluv Inc. launched tapioca starch and konjac based bubble tea in three flavors, black milk tea with tapioca pearls, matcha soy latte with tapioca pearls, and oolong guava with tapioca pearls. Bubble Tea Market Outlook (2022-2032) [324 Pages Report] The global bubble tea market is projected to have a rapid-paced CAGR of 8.8% during the forecast period. 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. 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. This means, market totals are not comparable to published data from prior years. 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. 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. Bubble tea | Infopedia - National Library Board Among various flavors, fruit flavor is more popular, and this segment dominated the market in 2019. Tea is considered the second most popular drink of choice worldwide. One concession owner became popular with her . 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. 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.
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