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Asia Pacific Bubble Tea Market Size, 2021 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. The percentage of tea that is consumed which is green tea: 15%. Countries such as Vietnam and Taiwan are projected to have the largest sales. 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 . All these aspects necessitate the manufacturers to develop premium quality teas by keeping the consumer demands in mind. 7. Bubble Tea is a famous non-alcoholic beverage drink that first . 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 Bubble Tea Club Kit has everything you need to make delicious homemade bubble tea. One cup of tea is assumed to contain 2 grams of tea. 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. 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. 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). Each . +44 208 097 3636. (2.Americans rank 25th for coffee consumption per capita, with an average consumption of 4.2 kg per person per year. 04 For a short time in 2012, all 800 branches of McDonalds in Germany sold bubble tea. The average volume per person in the Tea segment is expected to amount to 0.68kg in 2023. The global COVID-19 pandemic has been unprecedented and staggering, with bubble tea experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. (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. The 30 Tea Drinkers vs. Coffee Drinkers Statistics. Studies showed that green tea-based milk tea is proven to be beneficial for lowering blood pressure and the risk of cancer. Bubble tea truly is an international drink! Market size and forecast, by Base Ingredient, 2020-2028 7.3.9.2. The global COVID-19 pandemic has been unprecedented and staggering, with bubble tea experiencing lower-than-anticipated demand . Rinse, drain, and refrigerate until chilled. 15. Clicking on the following button will update the content below. Heycha and Yicha both have similar-sounding names and include refreshing fruit teas as part of their star offerings. Start reading instantly ,This Report and over 19,845+ more Reports, Available with Avenue Library, T&C*, WRITE AN EMAIL help@alliedmarketresearch.com, U.S. - Canada :+1-800-792-5285 (Toll-free) Int'l : +1-503-894-6022 UK : + 44-845-528-1300. Nigeria, specifically, has become a hub for cassava production. However, excess sugar content in these drinks leading to health issues and trend of coffee consumption are expected to restrict the market growth. Find the most up-to-date statistics and facts on the tea market in Canada. 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. Fruit-flavored bubble teas account for the largest percentage of bubble tea consumed at 37%. If you love bubble tea and are looking for a make your own bubble tea kit, this is the place! 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. Need to talk to an expert? Availability of Other Caffeinated Drinks to Impede Growth. info@pearllemongroup.com. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. 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. 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. The region is witnessing a cross-cultural food consumption trend, and the growing health and wellness approach is also expected to boost the growth. In addition, the companies are focusing on the growing incidences of lactose intolerance, and thus are working toward introducing lactose-free bubble milk tea options for individuals. That is approximately four cups of brewed coffee, 10 cans of cola or two "energy shot . Many Thai people drink bubble tea daily, and in many cases may drink multiple cups per day. The research report includes quantitative and qualitative insights into the market. 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. Black tea is the most consumed tea around the world. . There are many teas, they can vary in . Australia . Moreover, higher expenditure of consumers on healthy beverages adds to the popularity of bubble tea in theregion. 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. The Asia Pacific market held the largest share and was valued at USD 0.90 billion in 2021. Pour tea, milk, and 4 teaspoons sugar into a cocktail shaker. The Mayo Clinic state that up to 400 mg of caffeine a day is probably safe for most healthy adults. Apart from the variety of flavors available, one of the primary elements fueling the expansion of bubble tea Industry is the health benefits. | Source: 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. 9. The size of the global Bubble Tea Market in 2019 was $2,407.6 million. With bubble teas sudden increase in popularity, it should be no surprise that the industry is only expected to keep growing. 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 was attributed due to rise in the consumption of tea based everages across the world. 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. Emerging countries such as China, India and Brazil growing with the CAGR of 8%, 9.5%, and 8.3% respectively. 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. Most other Southeastern Asian countries drink three cups monthly on average. October 26, 2021 13:00 ET | Source: Fortune Business Insights. One kilogram therefore represents 500 cup equivalents. 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. It comes with the additional cost of $2500.00 contact sales. Future Market Insights Global and Consulting Pvt. For instance, Nextrends Asia 2021 displayed a surge in Taiwans exports of pearl milk teas base ingredients (raw materials, packaging and machinery, and others) which was an increment of 330% as compared to 2018. Bubble Tea Market Outlook (2022-2032) [324 Pages Report] The global bubble tea market is projected to have a rapid-paced CAGR of 8.8% during the forecast period. Cook for about 20 minutes. Bubble tea can be found in over 30 countries. This, along with the rise in dairy alternatives is fueling market growth of bubble tea in the U.S. China bubble tea market is forecasted to grow at a 7.5% CAGR. How much is the global bubble tea market worth? Tartrazine Market Trend: Global tartrazine market is projected to reach a valuation of US$ 120 Mn in 2022, with demand growing at a 7.0% CAGR over the forecast period. This cross-sectional study investigated the association between bubble tea consumption and symptoms of anxiety and depression in a population-based sample. In addition, aggressive advertisements and celebrity end orsements have also helped the global market to pave its way toward growth. Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. Thanks for sticking with me in this huge post. Elementary school children would look forward to buying a cup of refreshing tea after a long, hard day of work and play. 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. 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. Rising Raw Material and Transportation Cost Due to the Pandemic to Slow Down the Market Growth. Bubble tea is drunk by millions of people around the world every single day, even in countries that you might not expect! According to the report, bubble tea orders had increased at a whopping 3,000 percent in 2018. The Middle East & Africa showcases a slower growth as pearl milk tea is consumed as a social drink or as a gesture of hospitality. 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. Brands, such as Koi The Co, Moge Tee, and M.A.D. 12. Strong dependency on Asian countries to source raw materials acts as one of the major restraints in the market. This popular sweetened tea is made up of high-quality milk and tapioca pearls, along with fruit powder, creamer, and sweeteners. According to the bubble tea market analysis, based on base ingredient,the black tea segment generated maximum revenue in 2019 and is expected to continue this trend throughout the forecast period. More Insights into the Bubble Tea Market Report. Were guessing you already know what bubble tea is. Symptoms of . 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. 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 . 30.7% of Victorian adults consumed sugar-sweetened soft drinks at least once a week. 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. 12. Tea in Kenya. Overall, though tea registered. The segment will depict a robust 11.8% CAGR and account for more than 26% of the market share. Tea is one of the most popular beverages consumed worldwide. info@pearllemongroup.com. 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. Although the drink was originally created in Taiwan, its signature ingredient is primarily grown in Nigeria, Thailand, Indonesia, and Brazil. It's common for bubble tea brands to include "cha" in their names, which means "tea" in Chinese. Contact Sales for Further Assistance in Purchasing this Report @ https://www.futuremarketinsights.com/checkout/12310. 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. Why buy this report? Due to social media, bloggers documenting their bubble tea experience, and other factors, bubble tea stores continue to flourish and expand their offerings in this region. The value of its market is estimated to be $5.2 billion. Consumer Shift toward Healthy Alternatives to Favor Growth. 03 Locally called "po po ch," Singapore has sold bubble tea since 1992.