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For one, there are all of the sweet flavors and fun combinations of ingredients you can get. 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. It looks quite comprehensive and the data is exactly what I was looking for. This can be attributed to the rise in awareness regarding healthy lifestyle and higher adoption of healthy beverages by health-conscious consumers. Australia: 0.75 kg (1.65 lb) 17 Moreover, the availability of suitable alternatives, such as unsweetened tea, coconut water, fruit-infused teas, and others, offering similar benefits, hamper the global market growth. USD 1,195. Over 90% of the tea consumed is Black Tea, about 5% Green Tea, 1% Oolong Tea and the balance flavored, scented, or mixed teas. Coffee shop. Green tea. The current valuation of the market is US$ 2.50 billion in 2022. [1] Thank you for requesting a call back, our sales representative will get in touch with you shortly! The global COVID-19 pandemic has been unprecedented and staggering, with bubble tea experiencing lower-than-anticipated demand . 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. However, the sweeteners segment is expected to witness the highest growth, owing to rise in demand for sweet beverages across the globe. Although people of all ages frequently enjoy bubble teas across the globe, younger people tend to drink them more frequently. 12. Stir until the sugar has dissolved and the milk is well mixed in. Sometimes they are blended with ice to give them a more slushy-like consistency. 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. 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". 15. Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. 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. Brands, such as Koi The Co, Moge Tee, and M.A.D. Bubble tea, also known as Boba or Boba tea, is rapidly becoming one of the worlds favorite beverages. . Request Now ! Bubble tea can be found on every continent today, except for Antarctica, of course! Bubble Tea originated in Taiwan in the early 1980's at a small tea stand. For people aged 71 or older, the figures were substantially lower, at 1,584 grams and 1,532 grams, respectively. More Insights into the Bubble Tea Market Report. Bubble milk tea has emerged as one of Gen Zs trademarks as its consumption is highly witnessed by the young generation as compared to any other age group. Insights. Bubble tea (also known as pearl milk tea, bubble milk tea, boba juice, boba tea, or simply boba) is a Taiwanese tea-based drink invented in Tainan and Taichung in the 1980s. Based on our analysis, the global market exhibited a slower growth of 2.76% in 2020 as compared to 2019. 2016. Statista. Keep reading to discover everything weve uncovered about bubble tea. That is approximately four cups of brewed coffee, 10 cans of cola or two "energy shot . 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. A. 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. a more convenient consumption option, compared with hot cereals, which can require the addition of boiling water or milk. 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. 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 . The 30 Tea Drinkers vs. Coffee Drinkers Statistics. The size of the global Bubble Tea Market in 2019 was $2,407.6 million. According to the bubble tea market share, based onflavor, the fruit flavor segment was the most prominent segment accounting for the highest share in the bubble tea market, in 2019. Most bubble tea recipes contain a tea base mixed with fruit or milk, to which chewy tapioca balls (known as bubbles, pearls, or boba) and fruit jelly are often added. Its iced or hot black or green tea mixed with chewy tapioca balls that are often flavored. . The demand for bubble tea is predicted to grow at an impressive rate. Rising number of fitness conscious consumers and rising demand for tea based beverages in youth generation across the globe is the current trend in the global bubble tea market.. A. Europe and LAMEA will provide more business opportunities for Bubble Tea Market in coming years. Bubble tea truly is an international drink! The market is projected to grow from USD 2.29 billion in 2022 to USD 3.78 billion by 2029, exhibiting a CAGR of 7.40% during the forecast period. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. In the United States, 95% of women have tried bubble tea versus 81% of males. The report segments the global bubble tea market based on base ingredient, flavors, component, and region. According to Fortune Business Insights, the Asia Pacific region holds the largest market share and is expected to grow at a compound annual growth rate (CAGR) of 10.07 per cent by 2027. Strong dependency on Asian countries to source raw materials acts as one of the major restraints in the market. In 2016, 19.4 per cent of The market value of the bubble tea market is anticipated to reach a high of US$ 5.82 billion by the year 2032. The black tea segment is expected to be the leading segment in the global market. To get the sample of bubble tea market report, click on the link (Please paste the link here). Get in touch with us. The incredible success of bubble tea in China since 1996. 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. 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. One kilogram therefore represents 500 cup equivalents. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes. making yummy bubble tea with BBT Club today. Asia-Pacific (APAC) dominates the bubble tea market because of the high consumption of the bubble tea within the region. The growing interest of consumers in innovative beverages with bold flavors and their willingness to experiment with various flavors is captivating the consumers attention, which contributes to fueling the market growth. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The devotion to bubble tea is so fanatical that in 2020, at the cusp of the circuit breaker, an argument broke out between a food rider and store employees about a hold-up in orders. 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. 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. Almost overnight bubble tea shops popped up around the world in multiple countries that had never had an interest in it before. The chewy tapioca balls or pearls are undoubtedly the stars of any bubble tea drink. The Asia Pacific bubble tea market is expected to flourish with multiple market opportunities. Bubble tea can be found in over 30 countries. An Infographic Representation of Bubble Tea Market, To get information on various segments, share your queries with us. 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. The ICC World Test Championship final will be played in The Oval, London from June 7 to 11, where the conditions are pacer-friendly. 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. 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. According to a recent consumer study, 94% of people between ages 20 and 29 have purchased bubble tea within the last 3 months. 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. Just over half (52%) of all free sugars consumed were from beverages, led by soft drinks, sports and energy drinks (19%), fruit juice and fruit drinks (13%), with the sugar added to beverages such as tea and coffee contributing 7.3% and . A. 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. 30.7% of Victorian adults consumed sugar-sweetened soft drinks at least once a week. 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. Future Market Insights Global and Consulting Pvt. . Extruding the tapioca into these small balls is difficult work. The market is expected to grow annually by 2.61% (CAGR 2023-2025). Why buy this report? Consumption of black tea is highly promoted due to its strong antioxidant, anti-aging, and anti-diabetic properties. This is for a full-sugar serving that contains 60 g of sugar. 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 green tea segment was the highest contributor to the market, with $16,362 million in 2019, and is estimated to reach $26,110 million by 2027, at a CAGR of 9.8% during the forecast period. In-depth analysis and the bubble tea market size and segmentation assists in determining the prevailing bubble tea market opportunities. Industrial Alcohol Market Volume: The global industrial alcohol market size is set to be valued at US$ 110.3 Bn in 2022 and it is expected to grow at a CAGR of 7.6% from 2022 to 2032. A. 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. Bubble tea is made by adding fruit syrup or milk to (usually cold) tea and then shaking the . The forecast period in the global bubble tea market report is 2019-2027. As of December 2018, GrabFood's bubble tea network encompasses over 1,500 brands with 4,000 outlets throughout . The value of its market is estimated to be $5.2 billion. BBT Club is Australia's leading DIY bubble tea company for anywhere and anytime. Remarkable job and great efforts by your research team. 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.