bubble tea consumption statistics australia

03 Locally called "po po ch," Singapore has sold bubble tea since 1992. About 200 million pounds of tea leaves (bagged & loose) are shipped into the United After decades of slowly increasing in popularity, the big bubble tea boom happened in 2018. This growth is fueled by the perceived health benefits of green tea. 9. The campaign will be extended due to the tremendous profit achieved, which motivates the company to broaden its product offerings and brand position. In 2019, the black tea segment accounted for more than half of the share in the total bubble tea market and is expected to grow at a CAGR of 7.50% throughout the forecast period. Whether youre feeling something sweet, fruity, and refreshing, something soothing and tea-like, or a slushy smoothie like-drink, bubble tea has you covered. The Mayo Clinic state that up to 400 mg of caffeine a day is probably safe for most healthy adults. The bubble tea market in Thailand is predicted to register an 8.7% CAGR. An average, medium-sized serving of bubble tea has, on average, 335 calories. While bubble tea is enjoyed by people of all ages, it tends to be a global favorite among younger people. 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. 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. Another user, Yilian Fengyue Xian, said she had bought four cups of bubble tea after 76 days of being under lockdown in what she called "revenge bubble tea drinking". . Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. making yummy bubble tea with BBT Club today. "Market Intelligence that Adds Flavour to Your Success", Region : Global | Format: PDF | Report ID: FBI101564. A. The bubble tea industry is enormous and accounts for one of the fastest-growing food markets in the world today. The Middle East & Africa showcases a slower growth as pearl milk tea is consumed as a social drink or as a gesture of hospitality. The players in the bubble tea market have adopted acquisition as their key development strategy to increase profitability and improve their position in the bubble tea market. Required fields are marked *. The global market is projected to reach US$ 194.7 Bn by 2032. 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. In-depth analysis and the bubble tea market size and segmentation assists in determining the prevailing bubble tea market opportunities. In Asia, however, it is equally popular among men and women and is seen as a cultural phenomenon. Ready to drink tea products have seen a 15x increase in sales and consumption since 2004. The key players in the industry receiving high levels of popularity and response from customers are franchising their businesses into different locations. Although the drink was originally created in Taiwan, its signature ingredient is primarily grown in Nigeria, Thailand, Indonesia, and Brazil. Start reading instantly ,This Report and over 19,845+ more Reports, Available with Avenue Library, T&C*, WRITE AN EMAIL [email protected], U.S. - Canada :+1-800-792-5285 (Toll-free) Int'l : +1-503-894-6022 UK : + 44-845-528-1300. From Farmer Welfare and Supply Chain to the Latest Trends, Tea Experts Share Insights. Global Bubble Tea Market Dynamics, Regional Analysis, Segmentation, Competitive Landscape, COVID-19 Impact, Recent Developments and SWOT Analysis of Key Statista. Furthermore, the shift of millennials toward such products owing to their demand for superior quality tea varieties with unique flavor offerings has aided in the growth. By component, it is classified into flavor, creamer, sweetener, liquid, tapioca pearls, and others. Singapore market is forecasted to grow at a CAGR of 10.7%. The incredible success of bubble tea in China since 1996. The report was very accurate and as per my requirements. CXOs from the leading companies perceive that product innovation, development of newer flavor, and use of organic preservatives & color in the manufacturing process are the major areas of growth for the bubble tea market. Young people between ages 20 and 29 are interested in bubble tea. A. These drinks are made with milk tea and tapioca pearls (to make the bubbles), which contain a lot of natural sugar. Against this backdrop, the market valuation is projected to reach US$ 245 Mn by 2032. A. 10. What may surprise you though is the amount of sugar! 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. 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. 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. Mineral Premix Market Demand: The global mineral premixes market is expected to reach US$ 761.1 Mn by 2022, accelerating at a CAGR of 8.6% during the forecast period (2022-2032). It comes with the additional cost of $2500.00 contact sales. The market is projected to grow from USD 2.29 billion in 2022 to USD 3.78 billion by 2029, exhibiting a CAGR of 7.40% during the forecast period. Bubble tea is also known as pearl milk tea. 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 . Consumption declines with age. The bubble tea market was valued at $2.4 billion in 2019 and is estimated to reach $4.3 billion by 2027, registering a CAGR of 7.80% from 2020 to 2027. Pour into a glass, and add tapioca. Such initiatives further support the immense growth opportunities for the companies. All these aspects necessitate the manufacturers to develop premium quality teas by keeping the consumer demands in mind. 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. The U.S. market is anticipated to register a prolific CAGR of 12.4% over the forecast period. Australians drink tea and have afternoon tea and morning tea much the way the British do. Each . Victorian Government, Department of Health and Human Services. Furthermore, a decline in the growth of bubble tea consumption is witnessed due to strong restrictions on import and export facilities. Methods: Self-report questionnaires were used to assess bubble tea consumption and mental status. If theres one thing you can count on, its that bubble tea is going to be more popular among women than men. It's the second most-consumed drink in the world, only behind water. Its iced or hot black or green tea mixed with chewy tapioca balls that are often flavored. 11. Revenue in the Tea segment amounts to US$1.40bn in 2023. Health beneficial attributes such as low-fat, low-calorie content, and presence of anti-inflammatory properties are the key driving factors of the market. 04 For a short time in 2012, all 800 branches of McDonalds in Germany sold bubble tea. The Bubble Tea Club Kit has everything you need to make delicious homemade bubble tea. Press release from: Analytics Market Research. Ltd. NEWARK, Del, July 26, 2022 (GLOBE NEWSWIRE) -- The global bubble tea market is projected to reach a value of US$ 5.5 Bn by 2031, with sales growing at a robust CAGR of 8.8% for the forecast period of 2021-2031. Other players operating in the market are Boba Box Limited, Fokus Inc., Sumos Sdn Bhd, Troika J.C. (Qbubble), and Boba Tea Company. 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. (Caffeine Informer) They are made from cassava starch, a common ingredient in Brazilian culture, and they take time, effort, and skill to make properly. But in case you dont Its tea served with a giant chewy ball of tapioca at the bottom of the cup. China is one of the prominent regions in the market that accounted for a sizeable share of the total market in 2019. Awareness about health issues and their relation to meat consumption has resulted in a shift towards vegan and plant-based diets. Bubble tea is a beverage originating from Taiwan comprising tea with fruit syrup or milk added, and then shaken. 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. 5. Over of the bubble tea enjoyed around the world is fruit-flavored. 11.2% of Victorian adults consume sugar sweetened beverages daily. Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. Furthermore, there has been an increase in boba stores in the U.S. and Canada, owing to the shift in consumer preferences toward no andlow-alcohol beverages, which has further contributed to the market growth. But the most important thing to love is that its a beverage category that has grown by leaps and bounds over the past ten years or so, with seemingly no end in sight. Availability of Other Caffeinated Drinks to Impede Growth. Bubble tea has been gaining traction in emerging markets, owing to rise in its popularity.Furthermore, growth in health consciousness and increase in adoption of healthy beverages such as green tea, black tea, oolong tea, and white tea among consumers drive the market growth. Quinoline Yellow WS Market Analysis: The global quinoline yellow WS (water soluble) market is projected to reach a valuation of US$ 28.5 Mn in 2022, growing at a CAGR of 3.9% between 2022-2032. 10. 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. 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 . 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 consumption gender-wise: According to the statistics, bubble tea is a favorite drink of women. The value of its market is estimated to be $5.2 billion. US Coffee Statistics. 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. Chatime, Gong Cha, Coco Fresh Tea & Juice, and Lollicup USA, Inc. are the leading players in the market. It slowly spread throughout Asia before gaining popularity in the U.S. and across the globe. 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. The consumption of bubble milk tea also improves the balance of vitamins and minerals in the human body due to the presence of various inclusions such as yogurt, cream, fruit bits, and others. Europe also witnessed growth in the pearl milk tea market around the same time as other Asian countries. It also offers a detailed analysis of the market size and growth rate for all possible market segments. The bubble tea industry is expected to reach $3.39 billion by 2027. Theres a lot more to bubble tea than meets the eye, and weve discovered all of the reasons that its a global favorite. 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. 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. One concession owner became popular with her . Moreover, rise in consumption of flavored bubble tea in young generation fuels thebubble tea market growth. Aug 24, 2022 03:14pm. USD 1,195. When you look at the marketing for bubble tea, the numbers make sense. The two businesses are known for their zingy fruit tea drinks. Art & Craft. Based on the base ingredient, green tea will lead the market growth over the forecast period. It is made using green tea, white tea, black tea, or oolong tea. 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 . July 26, 2022 10:30 ET Introduced to China in the early 1990s, it quickly became one of the most popular drinks in the nation. According to a recent consumer study, 94% of people between ages 20 and 29 have purchased bubble tea within the last 3 months. This is likely due to its naturally sweet flavor and all of the different varieties of teas that are available. Businesses that sell bubble tea (including those that serve other drinks, such as coffee and smoothies) face a lot of competition since there are many places where customers can find the same drink. This popular sweetened tea is made up of high-quality milk and tapioca pearls, along with fruit powder, creamer, and sweeteners. 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. Consumer Shift toward Healthy Alternatives to Favor Growth. The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca. In 2020-21, of people aged 18 years and over: 6.4% consumed sugar sweetened drinks daily. 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. 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. The market is expected to grow at a CAGR of 7.40%, during the forecast period. Over 90% of the tea consumed is Black Tea, about 5% Green Tea, 1% Oolong Tea and the balance flavored, scented, or mixed teas. 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. With shops all around the world in many major cities, its easy to indulge your bubble tea craving when you want to! The research report includes quantitative and qualitative insights into the market. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. 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. Thank you for requesting a call back, our sales representative will get in touch with you shortly! The demand for bubble tea is predicted to grow at an impressive rate. Nearly everyone in Thailand enjoys drinking bubble tea, to the point that they have surpassed every other country in the amount that they drink! 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. 2016. Future Market Insights Global and Consulting Pvt. Rising Raw Material and Transportation Cost Due to the Pandemic to Slow Down the Market Growth. Quick Facts. Market size and forecast, by Flavor, 2020-2028 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. Published. 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. The Asia Pacific bubble tea market is expected to flourish with multiple market opportunities. 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. 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. 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. 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. Today, millennials, zennials, and gen z account for the vast majority of the countrys bubble tea consumption. About | Privacy Policy |Contact | Advertise | Support. How Much Is the Bubble Tea Industry Worth. Consumption of sugar sweetened and diet drinks in adults. Chewy tapioca balls or different flavored jellies are then added to give bubble tea the fun, chewy texture that it is known for! Ready-to-Drink variants are instead aggregated into the segment Ready-to-Drink (RTD) Tea in the Non-Alcoholic Drinks market. Contact Sales for Further Assistance in Purchasing this Report @ https://www.futuremarketinsights.com/checkout/12310. Reduced sugar/ sugar-free bubble tea will gain traction over the assessment period. Over 95% of females in the united states have tried bubble tea, while 81% of males . Tapioca balls or "pearls" are often added to the concoction as well. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. The chocolate segment is projected to have the fastest growth in the coming years due to increasing demand for chocolate-based drinks from every age group. This was attributed to rise in the fitness conscious people across the globe. Consumption of black tea is highly promoted due to its strong antioxidant, anti-aging, and anti-diabetic properties. 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. 17 Aug 2022 12:37PM (Updated: 17 Aug 2022 06:16PM) SINGAPORE: Bubble tea lovers in Southeast Asia spend US$3.66 billion a year on the beverage and similar "new tea" drinks, with Singapore . By base ingredient, it is divided into black tea, green tea, oolong tea, and white tea. Your email address will not be published. Black tea is the most consumed tea around the world. There are six official types of bubble tea. 12. Australia: 0.75 kg (1.65 lb) 17 According to NCBI, healthy and natural ingredients such as green tea help in preventing weight gain and also in inducing weight loss when consumed regularly. The outbreak of COVID-19 forced government bodies to impose strict closure of restaurants, farms, and factories to maintain safety measures and implement social distancing. Background: Bubble tea, also known as boba or boba milk tea, has exploded in popularity in recent years, with the global boba market projected to reach 3.39 billion USD by the end of 2027. One kilogram therefore represents 500 cup equivalents. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. Brands, such as Koi The Co, Moge Tee, and M.A.D. Additionally, they can be ordered with fruit or boba, both of which are high in added sugar. Bubble tea, also known as Boba or Boba tea, is rapidly becoming one of the worlds favorite beverages. Countries such as Vietnam and Taiwan are projected to have the largest sales. The mean age of study participants was 24 years and the age range was 18 or older to younger than 30 years. Key players in the global bubble tea market are focusing on releasing novel and unique flavors of bubble tea. How much is the global bubble tea market worth? Bubble teas distinct flavor, easy product availability, and numerous varieties offered will help the market to flourish. Insights. All Rights Reserved. Resistant Starch Market Size: The resistant starch market is valued at US$ 10.5 Bn in 2022 and is projected to grow at a CAGR of 6.6% during the forecast period, to reach a valuation of US$ 19.9 Bn by 2032. This beverage has undergone a few waves of popularity in Singapore. However, the consumption of tea is not as prominent as the popularity of coffee in South American countries such as Argentina and Brazil. Heycha and Yicha both have similar-sounding names and include refreshing fruit teas as part of their star offerings. Aug 16, 2022, 1:25 PM SGT. This means, market totals are not comparable to published data from prior years. Between 2021 and 2028, the global tea market is expected to grow at a CAGR of 6.6%. 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. 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. For people aged 71 or older, the figures were substantially lower, at 1,584 grams and 1,532 grams, respectively. So, if we live in a postcode that is all expats, we would assume a 70% chance of a bubble tea shop being located there. As of December 2018, GrabFood's bubble tea network encompasses over 1,500 brands with 4,000 outlets throughout . That means 24 countries have higher consumption rates that are worth targeting. 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. It looks quite comprehensive and the data is exactly what I was looking for. A. . 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. Almost overnight bubble tea shops popped up around the world in multiple countries that had never had an interest in it before. Rank Country/Region Tea consumption 1 Turkey: 3.16 kg (6.96 lb) . The bubble tea market was valued at $2.4 billion in 2019 and is estimated to reach $4.3 billion by 2027, registering a CAGR of 7.80% from 2020 to 2027. When we say that bubble tea is insanely popular, were not joking. Most bubble tea recipes contain a tea base mixed with fruit or milk, to which chewy tapioca balls (known as bubbles, pearls, or boba) and fruit jelly are often added. 13. By flavor, the market is classified into coffee, fruit, chocolate, original, and others. Of the 30 countries that enjoy bubble tea, most are in Asia. 4364..55.011 - Australian Health Survey: Consumption of added sugars, 2011-12. Ltd. The current valuation of the market is US$ 2.50 billion in 2022. 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. Europe is expected to witness significant growth during the forecast period of 2022 to 2029 because of the increase in the demand for healthy hot beverages in the region. Tea is a large part of modern Australian culture due to its British origins. Its not just the sugar that gives these drinks their sweetness, though; many restaurants also add sweeteners to them. 1. What are the key factors driving the market? In global comparison, most revenue is generated in China (US$111,800.00m in 2023). Bubble tea is known for its sweet taste. +44 208 097 3636. Jan 2023. . At what CAGR is the bubble tea market projected to grow in the forecast period (2022-2029)? 7. 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. In the next five years, the bubble tea industry is expected to grow by nearly 54%. 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. Italy's economy contracted by 0.1 per centquarter-on-quarter in the final three months (Q4) of last year, thecountry's National Institute of Statistics (ISTAT) said.On a year-on-year basis, gross domestic product (GDP) in the quarterincreased by 1.4 per cent, against the originally estimated 1.7 percent, reports Xinhua news agency citing ISTAT .

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