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. 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. 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. 15. Press release from: Analytics Market Research. 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. For those looking to cut back on sugar, bubble tea may not be the best choice. By flavor, the market is classified into coffee, fruit, chocolate, original, and others. 30.7% of Victorian adults consumed sugar-sweetened soft drinks at least once a week. The green tea segment was the highest contributor to the market, with $16,362 million in 2019, and is estimated to reach $26,110 million by 2027, at a CAGR of 9.8% during the forecast period. At what CAGR is the bubble tea market projected to grow in the forecast period (2022-2029)? Australians drink tea and have afternoon tea and morning tea much the way the British do. Also, due to the strong dependency on Asian countries to source raw materials, such as tapioca balls, from Taiwan, it hinders the production process and impacts their overall operations. 10. 10. The report segments the global bubble tea market based on base ingredient, flavors, component, and region. (2.Americans rank 25th for coffee consumption per capita, with an average consumption of 4.2 kg per person per year. On the basis of flavor, it is categorized into original flavor, coffee flavor, fruit flavor, chocolate flavor, and others. From Farmer Welfare and Supply Chain to the Latest Trends, Tea Experts Share Insights. Introduced to China in the early 1990s, it quickly became one of the most popular drinks in the nation. Bubble tea has a sweet, sour, and tangy taste that varies depending on the type of fruit used. The research report includes quantitative and qualitative insights into the market. Rinse, drain, and refrigerate until chilled. Against this backdrop, the market valuation is projected to reach US$ 245 Mn by 2032. 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. Emerging countries such as China, India and Brazil growing with the CAGR of 8%, 9.5%, and 8.3% respectively. 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. Asia Pacific is expected to dominate the market during the forecast period. Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. 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 . The incredible success of bubble tea in China since 1996. Whether youre feeling something sweet, fruity, and refreshing, something soothing and tea-like, or a slushy smoothie like-drink, bubble tea has you covered. 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. For better delivery of our new release, Please help us undestand your interest Industry and Frequency that you prefer to get the new releases. 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. A South Australian Health Omnibus Survey (SAHOS) done in 2014 showed that there was a . 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. Bubble Tea originated in Taiwan in the early 1980's at a small tea stand. This was attributed due to rise in the consumption of tea based everages across the world. 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. Awareness about health issues and their relation to meat consumption has resulted in a shift towards vegan and plant-based diets. 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. Essential Facts. Add the ice cubes, and shake so the whole drink can get cold. Address Shop 14, 375 William Street, Northbridge, Western Australia, WA, Australia 6003 Phone Number 0434039801 Categories Bubble Tea Shop, Tea Room How Much Is the Bubble Tea Industry Worth. 1.In 2019, 64% of Americans aged 18 and over drank coffee every day. Rank Country/Region Tea consumption 1 Turkey: 3.16 kg (6.96 lb) . In 2019, tea revenue globally is about US$214,761m and is expected to grow each year by 6.9% until 2023. This is likely due to its naturally sweet flavor and all of the different varieties of teas that are available. There are many varieties of the drink with a wide range of ingredients. In the Tea segment, volume is expected to amount to 18.6mkg by 2025. If youre looking for a sweet, refreshing drink that doesnt compromise on flavor or quality, bubble tea is the answer. Worldwide Tea Statistics. 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. 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. 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. 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. Bubble teas distinct flavor, easy product availability, and numerous varieties offered will help the market to flourish. Nevertheless, manufacturers are trying to introduce new beverage options, such as bubble milk tea, in the market. This means, market totals are not comparable to published data from prior years. To understand the global market potential, growth, and scope, the market is segmented based on base ingredients (black tea, green tea, oolong tea, white tea, others), flavor (original, flavored (nut-flavored, chocolate, fruit, honey, mocha, caramel, vanilla, coconut), sugar content (regular, reduced sugar/sugar-free) format (ready-to-drink, instant mixes), toppings (pearl, grass jelly, coconut jelly, red bean, multiple/ others), distribution channel (direct (B2B), indirect (B2C) (hypermarket/ supermarket, convenience store, grocery retailers, wholesale, other store-based retailing), online retailing), and region. Porters five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplierbuyer network. With 38 grams per 16oz beverage, bubble tea should be enjoyed in moderation. 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. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. A. Online retailing is predicted to register an 11.9% CAGR. This can be attributed to the rise in awareness regarding healthy lifestyle and higher adoption of healthy beverages by health-conscious consumers. Cook for about 20 minutes. Bubble milk teas surge in popularity is mainly attributed to taste, affordability, and the rising reinvention of the basic tea recipe. As more and more countries discover the delicacy that is bubble tea, these figures are sure to continue growing. When we say that bubble tea is insanely popular, were not joking. The bubble tea market in Singapore has a long history and is expected to exhibit a prosperous future with a CAGR of 10.7% over the forecast period. Six in ten (59.7%) did not usually consume either sugar sweetened or diet drinks. 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. With globalization, new trends have started striking the food service market, thereby influencing the young generation to try new beverages. With shops all around the world in many major cities, its easy to indulge your bubble tea craving when you want to! Bubble Tea Popularity Statistics Singapore; by palmebre Published: July 20, 2021 (2 days ago) Category. Tea, from the plant Camellia sinensis, is consumed in different parts of the world as green, black, or Oolong tea.Among all of these, however, the most significant effects on human health have been observed with the consumption of green tea [].The first green tea was exported from India to Japan during the 17th century. After experiencing a downfall due to fierce market competition in 2003, the bubble tea market was revived in 2007 with the entry of several foreign brands. Chocolate flavored milk tea is tremendously popular in which chocolate powder is blended with milk to strengthen its flavor. Chatime, Gong Cha, Coco Fresh Tea & Juice, and Lollicup USA, Inc. are the leading players in the market. Furthermore, a decline in the growth of bubble tea consumption is witnessed due to strong restrictions on import and export facilities. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 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. About 200 million pounds of tea leaves (bagged & loose) are shipped into the United Global Demand for Coffee - Despite the demand for coffee in the United States, the country only ranks 25th in per capita coffee consumption. We value them as a research company worthy of building long-term relationships., Well done Fortune Business Insights! Tea is a large part of modern Australian culture due to its British origins. Black tea is the most consumed tea around the world. The market value of the bubble tea market is anticipated to reach a high of US$ 5.82 billion by the year 2032. It comes with the additional cost of $2500.00 contact sales. Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. It's common for bubble tea brands to include "cha" in their names, which means "tea" in Chinese. 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. Tapioca balls or "pearls" are often added to the concoction as well. Each . Tea is a beverage made by pouring hot water over cured leaves. Besides this, due to its various attributes, such as low-fat and low-calorie content and other several health benefits, such as high antioxidant value, it also boosts the consumption of bubble tea across the domestic and international markets. Tapioca pearls are made from cassava flour, of which Nigeria is the worlds largest exporter (21%). Bubble tea . . All these aspects necessitate the manufacturers to develop premium quality teas by keeping the consumer demands in mind. 12 Consumption and Demand Forecast 12.1 Global Forecasted Demand Analysis of Deep Vein Thrombosis (DVT) Therapy 13 Forecast by Type and by Application (2023-2028) 13.1 Global Production, Revenue . Bubble milk tea has emerged as a cultural icon for the world and symbolizes Taiwans food innovation to promote its existence amidst the food service industry. Availability of Other Caffeinated Drinks to Impede Growth. 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. Quick Facts. All Rights Reserved. The black tea segment is expected to be the leading segment in the global market. . 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. The availability of different types of milk tea offers numerous options for consumers to enjoy.

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