bubble tea consumption statistics australia

6. In global comparison, most revenue is generated in China (US$111,800.00m in 2023). 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. This can be attributed to the rise in awareness regarding healthy lifestyle and higher adoption of healthy beverages by health-conscious consumers. 7.3.9.1. The bright colors and availability of sweet and fruity flavors especially appeal to children . Based on our analysis, the global market exhibited a slower growth of 2.76% in 2020 as compared to 2019. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes. 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. Ice-blended versions are usually mixed with fruit or syrup, resulting in a slushy consistency. 16. 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. Get in touch with us. 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. 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. Bubble Tea is a famous non-alcoholic beverage drink that first . More Insights into the Bubble Tea Market Report. 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. The availability of different types of milk tea offers numerous options for consumers to enjoy. Modern Asian Desserts, expanded its business in the country by introducing various boba milk tea outlets. Toss in the pearl tapioca. Asia Pacific is expected to dominate the market during the forecast period. Heycha and Yicha both have similar-sounding names and include refreshing fruit teas as part of their star offerings. (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. Quick Facts. 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. Although the drink was originally created in Taiwan, its signature ingredient is primarily grown in Nigeria, Thailand, Indonesia, and Brazil. Girls and women are the primary demographic among bubble tea drinkers, with 95% having tried it. 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. Reduced sugar/ sugar-free bubble tea will gain traction over the assessment period. They are made from cassava starch, a common ingredient in Brazilian culture, and they take time, effort, and skill to make properly. 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. Graph. . By continuing to visit this site you agree to our use of cookies . 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 . Six in ten (59.7%) did not usually consume either sugar sweetened or diet drinks. Per Capita Global Tea Consumption Patterns Americans consume more than 50 billion servings of tea a year, nearly 85% of which is iced. 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. Our objective was to assess the nutritional profile of popular menu items available through OFD applications in Bangkok, Thailand. These drinks are made with milk tea and tapioca pearls (to make the bubbles), which contain a lot of natural sugar. Bakery Products Market Share: The global bakery products market is estimated to reach US$ 235 Mn in 2022. 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. Bubble teas distinct flavor, easy product availability, and numerous varieties offered will help the market to flourish. info@pearllemongroup.com. This growth is fueled by the perceived health benefits of green tea. With bubble teas sudden increase in popularity, it should be no surprise that the industry is only expected to keep growing. In the United States, 95% of women have tried bubble tea versus 81% of males. Apart from the variety of flavors available, one of the primary elements fueling the expansion of bubble tea Industry is the health benefits. This can be attributed to the availability of various options such as combination of various liquid flavors and syrups. 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. Which region held the highest share in the market? Other players operating in the market are Boba Box Limited, Fokus Inc., Sumos Sdn Bhd, Troika J.C. (Qbubble), and Boba Tea Company. 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. Between 2021 and 2028, the global tea market is expected to grow at a CAGR of 6.6%. 9. In 2019, tea revenue globally is about US$214,761m and is expected to grow each year by 6.9% until 2023. Accelerated demand for healthier beverage alternatives to carbonated drinks coupled with shifts in consumer preferences is fueling market growth for bubble tea. Virtually any fruit that you can think of can be enjoyed in a bubble tea drink. The industry shows no signs of slowing down, and in fact, appears to be growing exponentially with every passing year. This bubble tea craze has taken over. Asia Pacific Bubble Tea Market Size, 2021 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. Consumption of sugar sweetened and diet drinks in adults. And if you have a sweet tooth, its SO GOOD. One such brand riding that success locally is Chatime, a Taiwanese-founded bubble tea business which chose Australia as its first-ever Western market almost 10 years ago in 2009. 7. Coffee shop. Changes in consumers tastes and preferences have fostered growth for the bubble tea market over the forecast period. If you love bubble tea and are looking for a make your own bubble tea kit, this is the place! Studies showed that green tea-based milk tea is proven to be beneficial for lowering blood pressure and the risk of cancer. Thank you for contacting us, our sales representative will get in touch with you shortly! Ltd. NEWARK, Del, July 26, 2022 (GLOBE NEWSWIRE) -- The global bubble tea market is projected to reach a value of US$ 5.5 Bn by 2031, with sales growing at a robust CAGR of 8.8% for the forecast period of 2021-2031. The market is expected to grow at a CAGR of 7.40%, during 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. Consumption of black tea is highly promoted due to its strong antioxidant, anti-aging, and anti-diabetic properties. 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. 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. We selected the top 40 popular menu items from three of the most commonly used OFD applications in 2021. 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. Companies in the Industry are Aggressively Expanding their Franchisees to Cater to the Growing Demand. The Tea segment in Australia is projected to grow by 2.61% (2023-2025) resulting in a market volume of US$1.47bn in 2025. . Book your free consultation and let our research experts help you with your needs/problems. The value of its market is estimated to be $5.2 billion. Bubble tea consumption gender-wise: According to the statistics, bubble tea is a favorite drink of women. A South Australian Health Omnibus Survey (SAHOS) done in 2014 showed that there was a . Whether youre feeling something sweet, fruity, and refreshing, something soothing and tea-like, or a slushy smoothie like-drink, bubble tea has you covered. If theres one thing you can count on, its that bubble tea is going to be more popular among women than men. Since our launch, weve worked on more than 1,000 projects for clients around the world. The appearance of the finished drink is what led to its name. 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. How Much Is the Bubble Tea Industry Worth. 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. Aug 24, 2022 03:14pm. Request Now ! Awareness about health issues and their relation to meat consumption has resulted in a shift towards vegan and plant-based diets. Statista. Over 90% of the tea consumed is Black Tea, about 5% Green Tea, 1% Oolong Tea and the balance flavored, scented, or mixed teas. In 2016, 19.4 per cent of 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 . Bubble tea is also known as (Zhen Zhu Nai Cha) directly translates to pearl milk tea, but is also known as boba tea in . Read More . Bubble tea is known for its sweet taste. Published. Join over 60,000 Bubblers (that's what we call our lovely customers!) 11. 12. 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. 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. The global market for organic tea is showcasing strong growth principally because of the growing knowledge regarding safer counterparts of organic products among consumers. 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. Consumption declines with age. Revenue in the Tea segment amounts to US$1.40bn in 2023. With 38 grams per 16oz beverage, bubble tea should be enjoyed in moderation. However, the sweeteners segment is expected to witness the highest growth, owing to rise in demand for sweet beverages across the globe. Tea is one of the most popular beverages consumed worldwide. 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. 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. The option to customize your bubble tea, availability at most cafes, restaurants, convenience, and grocery stores as well as the variety offered has contributed to the market growth. This means, market totals are not comparable to published data from prior years. 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. The U.S. market is anticipated to register a prolific CAGR of 12.4% over the forecast period. Emerging countries such as China, India and Brazil growing with the CAGR of 8%, 9.5%, and 8.3% respectively. 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. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. An Infographic Representation of Bubble Tea Market, To get information on various segments, share your queries with us. The price for bubble tea depends on where you get it. Bubble Tea originated in Taiwan in the early 1980's at a small tea stand. Bubble milk teas surge in popularity is mainly attributed to taste, affordability, and the rising reinvention of the basic tea recipe. 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. Elementary school children would look forward to buying a cup of refreshing tea after a long, hard day of work and play. Green tea. The market was expected to reach a valuation of US$ 2.3 Bn by the end of 2021. Teenagers and people in their 20s consistently account for the highest consumer percentage of bubble teas. Thailand leads in . 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 . 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. Whats your favorite bubble tea base to start with? Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. 14. There are 250 different flavors of bubble tea. a more convenient consumption option, compared with hot cereals, which can require the addition of boiling water or milk. Stir until the sugar has dissolved and the milk is well mixed in. For instance, Nextrends Asia 2021 displayed a surge in Taiwans exports of pearl milk teas base ingredients (raw materials, packaging and machinery, and others) which was an increment of 330% as compared to 2018. 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. Boost your students confidence by putting their results next to the public's This is likely due to its naturally sweet flavor and all of the different varieties of teas that are available. By base ingredient, it is divided into black tea, green tea, oolong tea, and white tea. This can be attributed to rise in the popularity of bubble tea with black tea as a base ingredient across the globe. 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. It's the second most-consumed drink in the world, only behind water. Bubble tea is a sweet, delicious drink typically made from a tea base that is then mixed with either milk or fruit flavoring. Presently, themarket is moving toward growing stage and is expected to garner steady growth in major markets, which include the U.S., Germany, China, India, and Brazil. The global COVID-19 pandemic has been unprecedented and staggering, with bubble tea experiencing lower-than-anticipated demand . 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! Asia-Pacific (APAC) dominates the bubble tea market because of the high consumption of the bubble tea within the region. 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. 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. Key players in the global bubble tea market are focusing on releasing novel and unique flavors of bubble tea. Aug 16, 2022, 1:25 PM SGT. Boba tea is creating a buzz among individuals worldwide, owing to its growing appeal and novelty. In addition, due to the presence of artificial preservatives in bubble tea, consumers are changing their preference toward organic beverages, which hampers the growth of the global bubble tea market. The market value of the bubble tea market is anticipated to reach a high of US$ 5.82 billion by the year 2032. 4. Companies covered in bubble tea market report are ChaTime, Bubble Tea Supply Inc., Gong Cha, CoCo Fresh, Quickly, Kung Fu Tea, Tiger Sugar Korea, Boba Loca, Happylemon, Lollicup USA, Inc . In this era, the growing consumer preferences for products depend on various factors such as choice of taste, price, brand, and location accessibility. 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. For people aged 71 or older, the figures were substantially lower, at 1,584 grams and 1,532 grams, respectively. The at-home market, also called off-trade market, covers all retail sales via super- and hypermarkets, convenience stores or similar sales channels. Bubble tea is a beverage originating from Taiwan comprising tea with fruit syrup or milk added, and then shaken. What are the key factors driving the market? In 2014, over 77% of the tea brewed in the United States was prepared using tea bags. The major countries in each region are mapped according to their revenue contribution to the global bubble tea market. Young people between ages 20 and 29 are interested in bubble tea. Black tea is the most consumed tea around the world. Europe also witnessed growth in the pearl milk tea market around the same time as other Asian countries. Tea stands were set up in front of the schools and would compete for business with the best selling tea. The key players in the industry receiving high levels of popularity and response from customers are franchising their businesses into different locations. 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. But did you know that there are six different types of bubble tea? A. Tea in Kenya. Virtually any flavor that you can imagine exists with bubble tea. 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. We are happy with the professionalism of your in-house research team as well as the quality of your research reports. In relation to total population figures, per person revenues of US$53.14 are generated in 2023. Ask for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-12310. Keep reading to discover everything weve uncovered about bubble tea. Unilever (Lipton), Associated British Foods (Twinings) and Tata Global Beverages (Tetley) are globally the most important players by revenue. The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the industry. 2016. Bubble tea has a milk base and includes ingredients like chewy tapioca balls, or fruit jelly and boba. Some specialty shops have menus with smaller sizes and prices as low as $2 to $3 per serving. The market for Tea segment is expected to show a volume growth of 1.6% in 2024. Bubble Tea Popularity Statistics Singapore; by palmebre Published: July 20, 2021 (2 days ago) Category. . Since then, however, bubble tea has expanded across the rest of Asia, and there was a sudden explosion of popularity during 2018, particularly in Singapore. For instance, in September 2021, Dubai witnessed the opening of various new tea outlets serving bubble tea across the country. Bubble tea shops, or Boba tea as it is frequently called in America, can be found in almost every major city across the country.

bubble tea consumption statistics australia 2023