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. How Much Is the Bubble Tea Industry Worth. Bubble tea is a beverage originating from Taiwan comprising tea with fruit syrup or milk added, and then shaken. 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. Based on bubble tea market forecast, the liquid component was the most prominent segment accounting for the highest share in the bubble tea market. It should be no surprise then that sugar is a primary ingredient in the drink. According to the Indian Tea Association 2020, tea price has risen by 25%-40% on an average due to lockdown in the tea growing regions, leading to a drop in crop size along with disruptions in transportation and logistics. Chewy tapioca balls or different flavored jellies are then added to give bubble tea the fun, chewy texture that it is known for! Bubble milk tea has a strong market potential as it offers various types and flavors of boba teas, such as fruit-flavored, green jasmine, and black tea-based milk tea, across the globe. However, excess sugar content in these drinks leading to health issues and trend of coffee consumption are expected to restrict the market growth. Europe also witnessed growth in the pearl milk tea market around the same time as other Asian countries. October 26, 2021 13:00 ET | Source: Fortune Business Insights. How much sugar was consumed? Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. We dont recommend anyone making it a daily indulgence. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on thePlant Based Marketthat throws light on potential opportunities andinvestments made in the Global plant based market. The global market for organic tea is showcasing strong growth principally because of the growing knowledge regarding safer counterparts of organic products among consumers. Additionally, they can be ordered with fruit or boba, both of which are high in added sugar. More Insights into the Bubble Tea Market Report. 01 The first bubble tea came out in the early 1980s. We selected the top 40 popular menu items from three of the most commonly used OFD applications in 2021. It is made using green tea, white tea, black tea, or oolong tea. Request a Free sample to learn more about this report. Whats your favorite bubble tea base to start with? US Coffee Statistics. What may surprise you though is the amount of sugar! 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. Brands, such as Koi The Co, Moge Tee, and M.A.D. The global Bubble Tea Market is expected to $4,368.6 million in 2027. Insights. 297 billion liters of tea were consumed worldwide in 2021. 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. 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. 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. 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. 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. We value them as a research company worthy of building long-term relationships., Well done Fortune Business Insights! A. Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-12310, Explore FMIs Extensive Coverage on Food and Beverage Domain. 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. Graph. It looks quite comprehensive and the data is exactly what I was looking for. As more and more countries discover the delicacy that is bubble tea, these figures are sure to continue growing. The report provides a quantitative analysis of the current bubble tea market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing opportunities. 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. How much is the global bubble tea market worth? 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. Manufacturers are capitalizing on improving the functionality of boba drinks ingredients to cater to the rising demand from consumers. A 16 oz serving of bubble tea contains 38 grams of sugar, which is 76% of the recommended daily value. To know how our report can help streamline your business, Speak to Analyst, Shift of Consumers toward Black Tea Due to its Health-Imparting Properties Boosts Market's Performance. This popular sweetened tea is made up of high-quality milk and tapioca pearls, along with fruit powder, creamer, and sweeteners. Bubble tea brands expected to produce novel and unique products over the forecast period. Statista. While bubble tea is enjoyed by people of all ages, it tends to be a global favorite among younger people. In addition, aggressive advertisements and celebrity end orsements have also helped the global market to pave its way toward growth. Which region held the highest share in the market? A popular version of bubble tea, known as Thai iced tea originated in Thailand in the 1800s, and when bubble tea was invented people began adding tapioca balls to it. Overall, though tea registered. 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. Versatility in flavor, health benefits, and social media trends drive the market. Countries such as Vietnam and Taiwan are projected to have the largest sales. 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. making yummy bubble tea with BBT Club today. This bubble tea craze has taken over. 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 consumption of organic tea rose by 1.06 million gallons in 2018. Moreover, rise in consumption of flavored bubble tea in young generation fuels thebubble tea market growth. The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. 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. 87% of American millennials drink tea, including bubble tea. 7.1% consumed diet drinks daily. Originating in Taiwan, the drink typically consists of tea, milk/cream, and sugar accompanied by tapioca pearls. Let's assume that the daily maintenance calories for an average adult man are 2,500 kcal, and for an average adult . Countries in North America are gradually increasing the consumption of this tea owing to the growing popularity of tea-based drinks. We use cookies to enhance your experience. December 17, 2022. 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. 1 2 3 8. For instance, in September 2021, Dubai witnessed the opening of various new tea outlets serving bubble tea across the country. Future Market Insights Global and Consulting Pvt. Whether youre feeling something sweet, fruity, and refreshing, something soothing and tea-like, or a slushy smoothie like-drink, bubble tea has you covered. 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 . In global comparison, most revenue is generated in China (US$111,800.00m in 2023). The at-home market, also called off-trade market, covers all retail sales via super- and hypermarkets, convenience stores or similar sales channels. 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. For example, according to . During the late 1980s and into the 1990s, bubble tea was only consumed in a select few countries including Taiwan, Hong Kong, China, and Japan. According to the bubble tea market analysis, based on base ingredient,the black tea segment generated maximum revenue in 2019 and is expected to continue this trend throughout the forecast period. These latest product ranges further act as a marketing strategy to attract a vast consumer base worldwide. 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. Toss in the pearl tapioca. Thailand leads in . Other players operating in the market are Boba Box Limited, Fokus Inc., Sumos Sdn Bhd, Troika J.C. (Qbubble), and Boba Tea Company. The report segments the global bubble tea market based on base ingredient, flavors, component, and region. . 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. 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%.. 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. Most other Southeastern Asian countries drink three cups monthly on average. 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. Although the drink was originally created in Taiwan, its signature ingredient is primarily grown in Nigeria, Thailand, Indonesia, and Brazil. This segment is expected to grow significantly throughout the forecast period due to its high nutritional value as compared to other flavors, high popularity of tea-based fruity beverages, and high consumer preference. 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. 17 Aug 2022 12:37PM (Updated: 17 Aug 2022 06:16PM) SINGAPORE: Bubble tea lovers in Southeast Asia spend US$3.66 billion a year on the beverage and similar "new tea" drinks, with Singapore . If you love bubble tea and are looking for a make your own bubble tea kit, this is the place! [1] The price per unit in the out-of-home market always references the total price over the amount of tea consumed, regardless of the other components of the finished beverage. The industry shows no signs of slowing down, and in fact, appears to be growing exponentially with every passing year. The global bubble tea market size was USD 2.1 billion in 2019 and is expected to register a compounded annual growth rate (CAGR) of 8.9% from 2020 to 2027. A. The two businesses are known for their zingy fruit tea drinks. According to NCBI, healthy and natural ingredients such as green tea help in preventing weight gain and also in inducing weight loss when consumed regularly. The adoption of bubble tea has been quite high in mature regions such as the U.S., Canada, and Germany while emerging countries such as China, Brazil, and India are catching up quickly. Chocolate flavored milk tea is tremendously popular in which chocolate powder is blended with milk to strengthen its flavor. The current valuation of the market is US$ 2.50 billion in 2022. Pour tea, milk, and 4 teaspoons sugar into a cocktail shaker. Consumption of sugar sweetened and diet drinks in adults. Interesting Facts. Although there are plenty of bubble tea flavors to choose from, fruit teas tend to be the most popular. 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 . The Bubble Tea Club Kit has everything you need to make delicious homemade bubble tea. The availability of different types of milk tea offers numerous options for consumers to enjoy. A South Australian Health Omnibus Survey (SAHOS) done in 2014 showed that there was a . 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. The key players in the industry receiving high levels of popularity and response from customers are franchising their businesses into different locations. According to the report, bubble tea orders had increased at a whopping 3,000 percent in 2018. All these aspects necessitate the manufacturers to develop premium quality teas by keeping the consumer demands in mind. Were guessing you already know what bubble tea is. Why buy this report? For people aged 71 or older, the figures were substantially lower, at 1,584 grams and 1,532 grams, respectively. In the Philippines alone, orders increased by 3,500 percent from June to December 2018. 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. As of December 2018, GrabFood's bubble tea network encompasses over 1,500 brands with 4,000 outlets throughout . There was a 3,000% increase in the amount of bubble tea orders in Southeast Asia in 2018. There are six official types of bubble tea. In 2020-21, of people aged 18 years and over: 6.4% consumed sugar sweetened drinks daily. Today, millennials, zennials, and gen z account for the vast majority of the countrys bubble tea consumption. Bubble Tea Market size was estimated at $2.1 billion in 2020, projected to increase at a CAGR of 6.8% during the forecast period 2021-2026. Some specialty shops have menus with smaller sizes and prices as low as $2 to $3 per serving. Save my name and email in this browser for the next time I comment. Its not just the sugar that gives these drinks their sweetness, though; many restaurants also add sweeteners to them. A. 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 region is witnessing a cross-cultural food consumption trend, and the growing health and wellness approach is also expected to boost the growth. 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). 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. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. Unilever (Lipton), Associated British Foods (Twinings) and Tata Global Beverages (Tetley) are globally the most important players by revenue. It includes flavor variants such as lychee, mango, passion fruit, peach, plum, strawberry, avocado, banana, grape, kiwi, lemon, and others. In addition, the growing gastronomic tourism, rising number of health-conscious individuals, and increased social media influences further paved the way toward growing potential. 13. Contact Sales for Further Assistance in Purchasing this Report @ https://www.futuremarketinsights.com/checkout/12310. Data at LGA level is also presented. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes. 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. 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 is made by adding fruit syrup or milk to (usually cold) tea and then shaking the . Bubble tea can be found in over 30 countries. The bright colors and availability of sweet and fruity flavors especially appeal to children . 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. 84% of the tea that is consumed is black tea. With globalization, new trends have started striking the food service market, thereby influencing the young generation to try new beverages. According to a recent CLSA survey of consumers, 94% of those aged between 20 and 29 bought boba tea in the last three months, reported Bloomberg (June 24). Tea is the second most popular drink in the world, with water at first place.