By base ingredient, it is divided into black tea, green tea, oolong tea, and white tea. In theory, the bubble tea pearls could stick together and form rather difficult to pass blobs, especially when other ingredients are making them thicker and sturdier. (World Atlas)3.The USA ranks 11th among the countries with the highest caffeine consumption, with a rate of 200 mg per person per day. For instance, in September 2020, Chen Shucheng started a new bubble milk tea franchise in Singapore called Meme Xpress. Australia: 0.75 kg (1.65 lb) 17 Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes. Find the most up-to-date statistics and facts on the tea market in Canada. drinking tea; and the expansion of new products and flavourings, such as ready-to-drink tea, premium tea, and herbal and fruit fusions.15-19 In addition, demand for green tea is expected to outpace demand for black tea.4,12,19 The considerable expansion of sustainable tea products is also worth noting. 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. This bubble tea craze has taken over. Ready-to-Drink variants are instead aggregated into the segment Ready-to-Drink (RTD) Tea in the Non-Alcoholic Drinks 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 is known for its sweet taste. 2. 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. 297 billion liters of tea were consumed worldwide in 2021. The price for bubble tea depends on where you get it. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. In the United States, 95% of women have tried bubble tea as opposed to 81% of men. Statista. 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. Such initiatives further support the immense growth opportunities for the companies. Australia . Bubble Tea Popularity Statistics Singapore; by palmebre Published: July 20, 2021 (2 days ago) Category. Tea is a large part of modern Australian culture due to its British origins. Bakery Products Market Share: The global bakery products market is estimated to reach US$ 235 Mn in 2022. The 30 Tea Drinkers vs. Coffee Drinkers Statistics. By component, it is classified into flavor, creamer, sweetener, liquid, tapioca pearls, and others. 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. In Asia, however, it is equally popular among men and women and is seen as a cultural phenomenon. However, since the ease of lockdowns, governments have proposed several initiatives and strategies to help the companies in recovering the losses across the globe. This was attributed to rise in the fitness conscious people across the globe. The mean age of study participants was 24 years and the age range was 18 or older to younger than 30 years. Increased demand for bubble tea has been fuelled by pearl milk tea, which is becoming increasingly popular as one of the healthier alternatives to carbonated beverages. 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. 11.2% of Victorian adults consume sugar sweetened beverages daily. 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. South America is anticipated to grow in terms of sales volume of the products in the coming years. 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. Coffee shop. Theory seemed to meet reality . 1 2 3 8. 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! Find your information in our database containing over 20,000 reports, Consumer Market The current valuation of the market is US$ 2.50 billion in 2022. In addition, the growing gastronomic tourism, rising number of health-conscious individuals, and increased social media influences further paved the way toward growing potential. Manufacturers are capitalizing on improving the functionality of boba drinks ingredients to cater to the rising demand from consumers. The market is anticipated to be valued at US$ 46.0 Mn in 2032. 30.7% of Victorian adults consumed sugar-sweetened soft drinks at least once a week. Originating in Taiwan, the drink typically consists of tea, milk/cream, and sugar accompanied by tapioca pearls. Tea is considered the second most popular drink of choice worldwide. The Middle East & Africa showcases a slower growth as pearl milk tea is consumed as a social drink or as a gesture of hospitality. A. 04 For a short time in 2012, all 800 branches of McDonalds in Germany sold bubble tea. Toss in the pearl tapioca. 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. Thailand leads in bubble tea consumption at an average of 6 cups per person per day. Bubble tea is a mix of milk, tea, and fruit juice with added bubbly-looking toppings (like tapioca balls). 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. Ltd. Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. Symptoms of . Tea is one of the most popular beverages consumed worldwide. In addition, the companies are focusing on the growing incidences of lactose intolerance, and thus are working toward introducing lactose-free bubble milk tea options for individuals. (2.Americans rank 25th for coffee consumption per capita, with an average consumption of 4.2 kg per person per year. Based on our analysis, the global market exhibited a slower growth of 2.76% in 2020 as compared to 2019. Apart from the U.S. and Asian countries, the trend of milk tea is also extensively growing amongst individuals residing in the Middle East and Africa. It looks quite comprehensive and the data is exactly what I was looking for. The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca. The Asia Pacific bubble tea market is expected to flourish with multiple market opportunities. 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. Furthermore, a decline in the growth of bubble tea consumption is witnessed due to strong restrictions on import and export facilities. China is projected to exhibit a 7.5% CAGR. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. 12. Frustrated customers have to remember that the tapioca balls arent just an inexpensive filler; theyre an integral part of what makes bubble tea unique and fun. Request a Free sample to learn more about this report. For instance, in August 2021, according to a study by the Business Times Newspaper, Southeast Asia spent around USD 3.7 billion on launching milk tea and other similar new drinks, owing to the ever-growing demand from youth. Green tea has shown long-term energy inducing properties and has a positive effect on the regulation of body weight. By continuing to visit this site you agree to our use of cookies . This is far higher than the cost of a similar amount of milk or juice, but the high price does not seem to deter people from making it their go-to beverage. Bubble tea is also known as pearl milk tea. 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. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022. Whether youre feeling something sweet, fruity, and refreshing, something soothing and tea-like, or a slushy smoothie like-drink, bubble tea has you covered. It comes with the additional cost of $2500.00 contact sales. bubble tea popularity statistics singapore; how many bubble tea brands in singapore; Bubble Tea Popularity Statistics Singapore . One such brand riding that success locally is Chatime, a Taiwanese-founded bubble tea business which chose Australia as its first-ever Western market almost 10 years ago in 2009. 10. +44 208 097 3636. Which is the leading segment based on the product type in the market? Global Demand for Coffee - Despite the demand for coffee in the United States, the country only ranks 25th in per capita coffee consumption. According to a recent consumer study, 94% of people between ages 20 and 29 have purchased bubble tea within the last 3 months. As per the report, sales will increase at a 4.2% CAGR over the forecast period, reaching US$ 354.6 Mn by 2032. 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. By 2025, 70% of spending and 10% of volume consumption in the Tea . Our objective was to assess the nutritional profile of popular menu items available through OFD applications in Bangkok, Thailand. They are made from cassava starch, a common ingredient in Brazilian culture, and they take time, effort, and skill to make properly. 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. 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. 7.3.9.1. Most other Southeastern Asian countries drink three cups monthly on average. Market size and forecast, by Base Ingredient, 2020-2028 7.3.9.2. In global comparison, most revenue is generated in China (US$111,800.00m in 2023). Add the ice cubes, and shake so the whole drink can get cold. Moreover, increase in disposable income and economic growth in advanced & emerging economies support the market growth. Market size and forecast, by Flavor, 2020-2028