bubble tea consumption statistics australia

. 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". Press release from: Analytics Market Research. 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. For instance, in September 2020, Chen Shucheng started a new bubble milk tea franchise in Singapore called Meme Xpress. The report covered all the points and was very detailed. Bubble tea is also known as pearl milk tea. 10. The market value of the bubble tea market is anticipated to reach a high of US$ 5.82 billion by the year 2032. Companies in the Industry are Aggressively Expanding their Franchisees to Cater to the Growing Demand. Revenue in the Tea segment amounts to US$1.40bn in 2023. The mean age of study participants was 24 years and the age range was 18 or older to younger than 30 years. Moreover, increase in disposable income and economic growth in advanced & emerging economies support the market growth. The market is anticipated to be valued at US$ 46.0 Mn in 2032. Thank you for requesting a call back, our sales representative will get in touch with you shortly! There are many teas, they can vary in . 1.In 2019, 64% of Americans aged 18 and over drank coffee every day. It comes with the additional cost of $2500.00 contact sales. Ready to drink tea products have seen a 15x increase in sales and consumption since 2004. 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. At what CAGR is the bubble tea market projected to grow in the forecast period (2022-2029)? Tea is the second most popular drink in the world, with water at first place. In 2004, daily beverage consumption of 19- to 30-year-olds averaged 2,610 grams for men and 2,056 grams for women (Table 1). A. Were big enough to handle massive projects, and yet also nimble enough to come up with names on demand that hit every time. Bubble tea made a rise in popularity in 2018 with a 3000% increase in orders from Southeast Asia. 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. (Caffeine Informer) 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. 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. 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. Premium Statistic Global tea consumption 2012-2025 . The specialty of milk tea is growing due to its ease of customization with various tea bases and toppings such as jellies, fruit bits, syrups, and tapioca balls. Apart from the variety of flavors available, one of the primary elements fueling the expansion of bubble tea Industry is the health benefits. We use cookies to enhance your experience. Consumption of black tea is highly promoted due to its strong antioxidant, anti-aging, and anti-diabetic properties. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. 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. 11.2% of Victorian adults consume sugar sweetened beverages daily. If theres one thing you can count on, its that bubble tea is going to be more popular among women than men. 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. Bubble tea is a sweet, delicious drink typically made from a tea base that is then mixed with either milk or fruit flavoring. 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. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. Tea in Kenya. Bubble Tea originated in Taiwan in the early 1980's at a small tea stand. 12. Global Demand for Coffee - Despite the demand for coffee in the United States, the country only ranks 25th in per capita coffee consumption. An average, medium-sized serving of bubble tea has, on average, 335 calories. This was attributed to rise in the fitness conscious people across the globe. Ltd. We value them as a research company worthy of building long-term relationships., Well done Fortune Business Insights! 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. A. Tea is a beverage made by pouring hot water over cured leaves. Keep reading to discover everything weve uncovered about bubble tea. The bubble tea industry is enormous and accounts for one of the fastest-growing food markets in the world today. 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. Tea is considered the second most popular drink of choice worldwide. All Rights Reserved. For people aged 71 or older, the figures were substantially lower, at 1,584 grams and 1,532 grams, respectively. 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. Awareness about health issues and their relation to meat consumption has resulted in a shift towards vegan and plant-based diets. By sugar content, reduced sugar/sugar-free category will gain traction over the forecast period. Find the most up-to-date statistics and facts on the tea market in Canada. 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 . If youre looking for a sweet, refreshing drink that doesnt compromise on flavor or quality, bubble tea is the answer. DUBAI, U.A.E., Aug. 12, 2020 /PRNewswire/ -- The bubble tea market is expected to rise at a year-on-year growth rate of 8% from 2020-2030, opines Future Market Insights in its recent report . Fruit Flavor Segment is Dominating Backed by High Consumer Preference. 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. It is made using green tea, white tea, black tea, or oolong tea. The campaign will be extended due to the tremendous profit achieved, which motivates the company to broaden its product offerings and brand position. For instance, in April 2020, a bubble tea company Chatime launched oat milk-based tea such as Chatime Pearl Milk Tea and Grass Jelly Roasted Milk Tea for lactose intolerant consumers. Clicking on the following button will update the content below. 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. Based on the base ingredient, green tea will lead the market growth over the forecast period. page 1 . The market is expected to grow annually by 2.61% (CAGR 2023-2025). 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. Cook for about 20 minutes. Since our launch, weve worked on more than 1,000 projects for clients around the world. 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. Bubble Tea Popularity Statistics Singapore; by palmebre Published: July 20, 2021 (2 days ago) Category. 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 . However, Europeis expected to grow with the highest CAGR throughout the forecast period, owing toaggressive advertising and celebrity brand endorsement and increasein the awareness of bubble tea in theregion. The global bubble tea market size was valued at USD 2.17 billion in 2021. The ICC World Test Championship final will be played in The Oval, London from June 7 to 11, where the conditions are pacer-friendly. 01 The first bubble tea came out in the early 1980s. This means, market totals are not comparable to published data from prior years. According to the report, bubble tea orders had increased at a whopping 3,000 percent in 2018. According to Fortune Business Insights, the Asia Pacific region holds the largest market share and is expected to grow at a compound annual growth rate (CAGR) of 10.07 per cent by 2027. Manufacturers are capitalizing on improving the functionality of boba drinks ingredients to cater to the rising demand from consumers. Key players in the global bubble tea market are focusing on releasing novel and unique flavors of bubble tea. 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. According to a recent consumer study, 94% of people between ages 20 and 29 have purchased bubble tea within the last 3 months. These organizations are focusing on product innovation and targeting the millennial consumer as the group is known for its willingness to experiment with new flavors. Green tea has shown long-term energy inducing properties and has a positive effect on the regulation of body weight. Bubble tea shops, or Boba tea as it is frequently called in America, can be found in almost every major city across the country. The major countries in each region are mapped according to their revenue contribution to the global bubble tea market. Australia: 0.75 kg (1.65 lb) 17 In 2018, there were over 450,000 shops selling bubble tea in China. 3. Emerging countries such as China, India and Brazil growing with the CAGR of 8%, 9.5%, and 8.3% respectively. 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. Table I : Prevalence1 of Bubble Tea Consumption among Students in University of Cyberjaya according to Sociodemographic Descriptions Sociodemographic description Bubble tea consumption Consume, n (%) Do not consume, n (%) Total, n (%) . +44 208 097 3636. 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. However, excess sugar content in these drinks leading to health issues and trend of coffee consumption are expected to restrict the market growth. 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. These drinks are made with milk tea and tapioca pearls (to make the bubbles), which contain a lot of natural sugar. The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. Graph. 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. Online retailing is predicted to register an 11.9% CAGR. 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. Between 2021 and 2028, the global tea market is expected to grow at a CAGR of 6.6%. For those looking to cut back on sugar, bubble tea may not be the best choice. Bubble Tea is a famous non-alcoholic beverage drink that first . Bubble tea is made by adding fruit syrup or milk to (usually cold) tea and then shaking the . Thailand leads in . The drink became popular during the 1990s, just in time for millennials to develop a taste for it. (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. 30.7% of Victorian adults consumed sugar-sweetened soft drinks at least once a week. . The current valuation of the market is US$ 2.50 billion in 2022. Black tea is the most consumed tea around the world. 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. 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. If you have an adventurous palette, we highly recommend trying as many different flavors as you can to find the one that will be your favorite! But did you know that there are six different types of bubble tea? The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca. The market for Hot Drinks is structured into retail sales for at home consumption and on-premise or foodservice sales for out-of-home consumption. The price might seem high, but you have to consider everything that goes into making it, which includes: On the surface, bubble tea seems like a simple drink. Other players operating in the market are Boba Box Limited, Fokus Inc., Sumos Sdn Bhd, Troika J.C. (Qbubble), and Boba Tea Company. 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. 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. Such initiatives further support the immense growth opportunities for the companies. Brands such as CHATIME and Bubbolitas established their first production units of boba drinks in 2009, and since then, the market has witnessed a growth trajectory. Grab also reported that on average, Southeast Asians drink an average of four cups of pearl milk tea per person per month. A typical serving of bubble tea at a chain might cost $3 to $5 for a 16- to 20-ounce cup. Young people between ages 20 and 29 are interested in bubble tea. Per Capita Global Tea Consumption Patterns Americans consume more than 50 billion servings of tea a year, nearly 85% of which is iced. China is one of the prominent regions in the market that accounted for a sizeable share of the total market in 2019. Tea is one of the most popular beverages consumed worldwide. Mineral Premix Market Demand: The global mineral premixes market is expected to reach US$ 761.1 Mn by 2022, accelerating at a CAGR of 8.6% during the forecast period (2022-2032). Apart from being a healthier alternative, becoming a trending beverage, especially among younger consumers, has also aided market growth for bubble tea. Chocolate flavored milk tea is tremendously popular in which chocolate powder is blended with milk to strengthen its flavor. 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 The global bubble teamarket holds a substantial scope for growthduring the forecast period. By continuing to visit this site you agree to our use of cookies . Countries in North America are gradually increasing the consumption of this tea owing to the growing popularity of tea-based drinks. 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. By the toppings segment, pearls are anticipated to grow at a prolific CAGR of 10.3% with more than 35% of the global market share. bubble tea popularity statistics singapore; how many bubble tea brands in singapore; Bubble Tea Popularity Statistics Singapore . This popular sweetened tea is made up of high-quality milk and tapioca pearls, along with fruit powder, creamer, and sweeteners. There are many varieties of the drink with a wide range of ingredients. Rising number of fitness conscious consumers and rising demand for tea based beverages in youth generation across the globe is the current trend in the global bubble tea market.. A. Europe and LAMEA will provide more business opportunities for Bubble Tea Market in coming years. As of December 2018, GrabFood's bubble tea network encompasses over 1,500 brands with 4,000 outlets throughout . 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. 13. The Middle East & Africa showcases a slower growth as pearl milk tea is consumed as a social drink or as a gesture of hospitality. Among various flavors, fruit flavor is more popular, and this segment dominated the market in 2019. Pour tea, milk, and 4 teaspoons sugar into a cocktail shaker. It also offers a detailed analysis of the market size and growth rate for all possible market segments. There are six official types of bubble tea. If you love bubble tea and are looking for a make your own bubble tea kit, this is the place! 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. 1. 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. Required fields are marked *. Six in ten (59.7%) did not usually consume either sugar sweetened or diet drinks. +44 208 097 3636. 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. We are happy to help. Moreover, higher expenditure of consumers on healthy beverages adds to the popularity of bubble tea in theregion. 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. In 2020-21, of people aged 18 years and over: 6.4% consumed sugar sweetened drinks daily. How much is the global bubble tea market worth? Tapioca pearls are made from cassava flour, of which Nigeria is the worlds largest exporter (21%). Moreover, as per researches conducted by different reputed organizations, tea is proven to prevent different type of cancers, lower cholesterol, help boost immunity, facilitate weight loss, and prevent neurological diseases.This indicates that the health benefits associated with bubble tea are anticipated to drive the overall market. Although the drink was originally created in Taiwan, its signature ingredient is primarily grown in Nigeria, Thailand, Indonesia, and Brazil. Such challenges cumulatively hamper the growth potential of the global market. The article shared insights on the bubble tea craze in Southeast Asia. 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. The percentage of tea that is consumed which is green tea: 15%. 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. The bubble tea industry was valued at $2.2 billion in 2019. Girls and women are the primary demographic among bubble tea drinkers, with 95% having tried it. The valuation of the out-of-home segment at retail prices means a significant change of the market definition in comparison to earlier iterations of the Consumer Market Outlook, as out-of-home consumption was valued at wholesale prices before. However, since the ease of lockdowns, governments have proposed several initiatives and strategies to help the companies in recovering the losses across the globe. Asia Pacific Bubble Tea Market Size, 2021 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. Bubble tea is also known as (Zhen Zhu Nai Cha) directly translates to pearl milk tea, but is also known as boba tea in . Tartrazine Market Trend: Global tartrazine market is projected to reach a valuation of US$ 120 Mn in 2022, with demand growing at a 7.0% CAGR over the forecast period. In the United States, 95% of women have tried bubble tea as opposed to 81% of men. The segment is expected to display an 11.4% CAGR, and account for more than 38% of the global market share. 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. For instance, in September 2021, Dubai witnessed the opening of various new tea outlets serving bubble tea across the country. 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. In-depth analysis and the bubble tea market size and segmentation assists in determining the prevailing bubble tea market opportunities. 11. This is a list of countries ordered by annual per capita consumption of tea, as of 2016. Thank you for contacting us, our sales representative will get in touch with you shortly! Ltd. https://www.futuremarketinsights.com/reports/sample/rep-gb-12310, https://www.futuremarketinsights.com/customization-available/rep-gb-12310, https://www.futuremarketinsights.com/checkout/12310, https://www.futuremarketinsights.com/ask-question/rep-gb-12310, https://www.futuremarketinsights.com/reports/bubble-tea-market, https://www.futuremarketinsights.com/reports, Ready to Drink Shakes Market Outlook (2022-2032). A. Toss in the pearl tapioca. Bubble tea consumption gender-wise: According to the statistics, bubble tea is a favorite drink of women. One kilogram therefore represents 500 cup equivalents. The bubble tea market in Thailand is predicted to register an 8.7% CAGR. 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. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. Europe also witnessed growth in the pearl milk tea market around the same time as other Asian countries. Bubble tea . The black tea segment is projected to grow at a significant CAGR during the forecast period, owing to its increased preference by health-conscious consumers across every region. Bubble teas growing appeal to a younger demographic coupled with its popularity as a nootropic beverage will likely supplement the sales of the tea in the market over the forecast period, says an FMI analyst. What are the key factors driving the market? In 2019, tea revenue globally is about US$214,761m and is expected to grow each year by 6.9% until 2023. 2. Due to widespread popularity and prevailing trends as well as the presence of many bubble tea manufacturers in this region, the bubble tea market in China is expected to continue to flourish over the forecast period. 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! Sometimes they are blended with ice to give them a more slushy-like consistency. Chewy tapioca balls or different flavored jellies are then added to give bubble tea the fun, chewy texture that it is known for! 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. This was attributed due to rise in the consumption of tea based everages across the world. 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. Adults' total beverage consumption drops steadily with age. "Market Intelligence that Adds Flavour to Your Success", Region : Global | Format: PDF | Report ID: FBI101564. Our objective was to assess the nutritional profile of popular menu items available through OFD applications in Bangkok, Thailand. The research report includes quantitative and qualitative insights into the market. The closure of Shanghai . 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%.. 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 . Bubble tea has a sweet, sour, and tangy taste that varies depending on the type of fruit used. 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.