bubble tea consumption statistics australia bubble tea consumption statistics australia

As more and more countries discover the delicacy that is bubble tea, these figures are sure to continue growing. This is for a full-sugar serving that contains 60 g of sugar. Very satisfied with the overall report as it has helped me to build strategies for my business, This is regarding the recent report I bought from Fortune Business insights. 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. The closure of Shanghai . 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. Whats your favorite bubble tea base to start with? It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years. While bubble tea is enjoyed by people of all ages, it tends to be a global favorite among younger people. Companies, such as Lollicup U.S.A. Inc., Gong Cha, Chatime, and others, have invested in research and development activities to offer new variants of tea for a growing market. Let's assume that the daily maintenance calories for an average adult man are 2,500 kcal, and for an average adult . Background: Bubble tea has become enormously popular in China in recent years. 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. All these aspects necessitate the manufacturers to develop premium quality teas by keeping the consumer demands in mind. Fruit Flavor Segment is Dominating Backed by High Consumer Preference. 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. The bubble tea industry is expected to reach $3.39 billion by 2027. Based on the base ingredient, green tea will lead the market growth over the forecast period. 84% of the tea that is consumed is black tea. This popular sweetened tea is made up of high-quality milk and tapioca pearls, along with fruit powder, creamer, and sweeteners. According to a recent consumer study, 94% of people between ages 20 and 29 have purchased bubble tea within the last 3 months. Health beneficial attributes such as low-fat, low-calorie content, and presence of anti-inflammatory properties are the key driving factors of the market. On the contrary, introduction of various new flavors and blends and high demand among young population for a variety of teas are expected to provide lucrative opportunities for the market expansion.The bubble tea market has been segmented on the basis of on base ingredient, flavors, component, and region. 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. making yummy bubble tea with BBT Club today. The key players alsorelyon product launch to improve their product portfolio and stay relevant in the global market.The key players profiled in thereport include 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, and Troika JC. Bubble tea got its name from the tapioca balls because when theyre added to the drink and shaken, the balls expand and pop, creating a popping soundor bubbling.. 8. Theory seemed to meet reality . 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. Europe also witnessed growth in the pearl milk tea market around the same time as other Asian countries. Strong dependency on Asian countries to source raw materials acts as one of the major restraints in the market. 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. Required fields are marked *. Bubble Tea Popularity Statistics Singapore; by palmebre Published: July 20, 2021 (2 days ago) Category. 1. A typical serving of bubble tea at a chain might cost $3 to $5 for a 16- to 20-ounce cup. In 2014, over 77% of the tea brewed in the United States was prepared using tea bags. The market is expected to grow annually by 2.61% (CAGR 2023-2025). It looks quite comprehensive and the data is exactly what I was looking for. 9. By 2025, 70% of spending and 10% of volume consumption in the Tea . Thailand leads in bubble tea consumption at an average of 6 cups per person per day. It also revealed that the global bubble tea market size was valued at US$2.02 billion in 2019, and is expected to reach US$3.39 billion by 2027. Based on the distribution channel, online retailing is expected to exhibit a CAGR of 11.9%. The market is anticipated to be valued at US$ 46.0 Mn in 2032. Some specialty shops have menus with smaller sizes and prices as low as $2 to $3 per serving. Companies in the Industry are Aggressively Expanding their Franchisees to Cater to the Growing Demand. Rinse, drain, and refrigerate until chilled. Bubble tea is a sweet, delicious drink typically made from a tea base that is then mixed with either milk or fruit flavoring. You can find bubble tea in these countries if youre traveling the world: Taiwan, Japan, South Korea, China, United Kingdom, Australia, Canada, United States, Germany, Mauritius, South Africa, Brazil, and more! Green tea has shown long-term energy inducing properties and has a positive effect on the regulation of body weight. South America is anticipated to grow in terms of sales volume of the products in the coming years. 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. 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. 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. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. 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. This can be attributed to change in preference of consumers toward healthy beverages and better taste. Among participants, 647 (88%) consumed less . Get a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12310. This is a list of countries ordered by annual per capita consumption of tea, as of 2016. Premium Statistic Global tea consumption 2012-2025 . Which region held the highest share in the market? It comes with the additional cost of $2500.00 contact sales. 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. Awareness about health issues and their relation to meat consumption has resulted in a shift towards vegan and plant-based diets. More Insights into the Bubble Tea Market Report. Pune, India, Oct. 26, 2021 (GLOBE NEWSWIRE) -- The global bubble tea market size is expected to reach USD 3.39 billion by 2027 . The Middle East & Africa showcases a slower growth as pearl milk tea is consumed as a social drink or as a gesture of hospitality. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: The Hot Drinks market segment, Tea, consists of black tea, green tea and mate sold in tea bags or as loose-leaf tea. 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. But in case you dont Its tea served with a giant chewy ball of tapioca at the bottom of the cup. After decades of slowly increasing in popularity, the big bubble tea boom happened in 2018. Such challenges cumulatively hamper the growth potential of the global market. 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. The segment will depict a robust 11.8% CAGR and account for more than 26% of the market share. As a result, other plant-based hot . Ice-blended versions are usually mixed with fruit or syrup, resulting in a slushy consistency. Among various flavors, fruit flavor is more popular, and this segment dominated the market in 2019. And if you have a sweet tooth, its SO GOOD. Ltd. Rising consumption of tea and coffee as nootropic drinks among students and working-class population is a key factor for the market growth. There are many varieties of the drink with a wide range of ingredients. The bubble tea industry was valued at $2.2 billion in 2019. Bubble tea truly is an international drink! Over of the bubble tea enjoyed around the world is fruit-flavored. The U.S. market is anticipated to register a prolific CAGR of 12.4% over the forecast period. Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. Which is the leading segment based on the product type in the market? The global bubble tea market size was valued at USD 2.17 billion in 2021. Nevertheless, manufacturers are trying to introduce new beverage options, such as bubble milk tea, in the market. 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 . For instance, the base ingredients required for the preparation of black or green tea are exported from India, but due to the imposed regulations, companies were unable to process the demands of the manufacturers. 14. 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. FB : Beverages| Pages: 261 | Author(s) : Vaibhav S , Roshan D, Single User License, Five User License & Enterprise User License. Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. Find the most up-to-date statistics and facts on the tea market in Canada. +44 208 097 3636. Bubble Tea Market size was estimated at $2.1 billion in 2020, projected to increase at a CAGR of 6.8% during the forecast period 2021-2026. The market value of the bubble tea market is anticipated to reach a high of US$ 5.82 billion by the year 2032. 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. A. Coffee shop. Availability of Other Caffeinated Drinks to Impede Growth. Aug 16, 2022, 1:25 PM SGT. The Market for Bubble Tea in North America to be the Most Dominant & Fastest Growing. Changes in consumers tastes and preferences have fostered growth for the bubble tea market over the forecast period. 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. The consumption of organic tea rose by 1.06 million gallons in 2018. Aug 24, 2022 03:14pm. 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. This is a very good piece of work and will be very helpful to us going forward. If theres one thing you can count on, its that bubble tea is going to be more popular among women than men. Health Benefits Associated with Bubble Tea Consumption to Drive the Market Growth . A. In the next five years, the bubble tea industry is expected to grow by nearly 54%. 4. 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. 1.In 2019, 64% of Americans aged 18 and over drank coffee every day. Bubble tea made a rise in popularity in 2018 with a 3000% increase in orders from Southeast Asia. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); We're Soocial, a leading branding agency with a passion for creating memorable names and internationally-renowned brands. Virtually any fruit that you can think of can be enjoyed in a bubble tea drink. US Coffee Statistics. The campaign will be extended due to the tremendous profit achieved, which motivates the company to broaden its product offerings and brand position. 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. Chatime, Gong Cha, Coco Fresh Tea & Juice, and Lollicup USA, Inc. are the leading players in the market. For instance, in September 2021, Dubai witnessed the opening of various new tea outlets serving bubble tea across the country. There are six official types of bubble tea. At the end of the day, its not much worse than an occasional soda would be for the average person, but its important to remember to only have bubble tea once in a while. Almost overnight bubble tea shops popped up around the world in multiple countries that had never had an interest in it before. Although there are plenty of bubble tea flavors to choose from, fruit teas tend to be the most popular. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. By base ingredient, it is divided into black tea, green tea, oolong tea, and white tea. To get the sample of bubble tea market report, click on the link (Please paste the link here). Consumption of sugar sweetened and diet drinks in adults. In 2020, China dominated the tea market with 78.7 billion US dollars of revenue. The research report includes quantitative and qualitative insights into the market. 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. 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. 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. Per Capita Global Tea Consumption Patterns Americans consume more than 50 billion servings of tea a year, nearly 85% of which is iced. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. 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. Save my name and email in this browser for the next time I comment. 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. Jan 2023. Thailand leads in . 5. Modern Asian Desserts, expanded its business in the country by introducing various boba milk tea outlets. Statista. They are made from cassava starch, a common ingredient in Brazilian culture, and they take time, effort, and skill to make properly. The global Bubble Tea Market is expected to $4,368.6 million in 2027. Address Shop 14, 375 William Street, Northbridge, Western Australia, WA, Australia 6003 Phone Number 0434039801 Categories Bubble Tea Shop, Tea Room With globalization, new trends have started striking the food service market, thereby influencing the young generation to try new beverages. 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 Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. An average, medium-sized serving of bubble tea has, on average, 335 calories. Remarkable job and great efforts by your research team. Moreover, higher expenditure of consumers on healthy beverages adds to the popularity of bubble tea in theregion. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. Australia . 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. However, the chocolate flavor segment is expected to witness highest growth, owing to increase in its popularity of in all age groups for all flavored beverages and rise in awareness of health benefits of chocolate among consumers. Tea stands were set up in front of the schools and would compete for business with the best selling tea. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. Apart from being a healthier alternative, becoming a trending beverage, especially among younger consumers, has also aided market growth for bubble tea. Furthermore, a decline in the growth of bubble tea consumption is witnessed due to strong restrictions on import and export facilities. 12. [1] Tea is a beverage made by pouring hot water over cured leaves. For one, there are all of the sweet flavors and fun combinations of ingredients you can get. 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. 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. One cup of tea is assumed to contain 2 grams of tea. Singapore market is forecasted to grow at a CAGR of 10.7%. 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. 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. 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 report covered all the points and was very detailed. Toss in the pearl tapioca. Victorian Government, Department of Health and Human Services. Data at LGA level is also presented. 13. Chewy tapioca balls or different flavored jellies are then added to give bubble tea the fun, chewy texture that it is known for! Bubble tea has a sweet, sour, and tangy taste that varies depending on the type of fruit used. 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 . According to the Food and Agriculture Organization (FAO) of the United Nations, Nigeria is the largest exporter of cassava at 21% of the worlds amount. Adults' total beverage consumption drops steadily with age. Consumption declines with age. The major countries in each region are mapped according to their revenue contribution to the global bubble tea market. Although people of all ages frequently enjoy bubble teas across the globe, younger people tend to drink them more frequently. Join over 60,000 Bubblers (that's what we call our lovely customers!) 5. Future Market Insights Global and Consulting Pvt. Thank you for requesting a call back, our sales representative will get in touch with you shortly! We are happy to help. Kenya is one of the main global tea exporters and as a result, it is no surprise that Kenyans love their tea, in particular black tea, though in 2022, fruit/herbal tea registered the highest current value growth. Revenue in the Tea segment amounts to US$1.40bn in 2023. Fruit-flavored bubble teas account for the largest percentage of bubble tea consumed at 37%. The region is witnessing a cross-cultural food consumption trend, and the growing health and wellness approach is also expected to boost the growth. Statista. When you look at the marketing for bubble tea, the numbers make sense. Book your free consultation and let our research experts help you with your needs/problems. 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. By component, it is classified into flavor, creamer, sweetener, liquid, tapioca pearls, and others. If youre looking for a sweet, refreshing drink that doesnt compromise on flavor or quality, bubble tea is the answer. Ready to drink tea products have seen a 15x increase in sales and consumption since 2004.