bubble tea consumption statistics australia bubble tea consumption statistics australia

Elementary school children would look forward to buying a cup of refreshing tea after a long, hard day of work and play. Malaysia Coffee & Tea Reports: Our 2023 Malaysia report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Coffee & Tea market. 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 declines with age. 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 market for Tea segment is expected to show a volume growth of 1.6% in 2024. A. It looks quite comprehensive and the data is exactly what I was looking for. Bubble tea is also known as (Zhen Zhu Nai Cha) directly translates to pearl milk tea, but is also known as boba tea in . 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). Bubble Tea originated in Taiwan in the early 1980's at a small tea stand. As per the report, sales will increase at a 4.2% CAGR over the forecast period, reaching US$ 354.6 Mn by 2032. 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. Apart from the variety of flavors available, one of the primary elements fueling the expansion of bubble tea Industry is the health benefits. The report covered all the points and was very detailed. The 30 Tea Drinkers vs. Coffee Drinkers Statistics. The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. 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. Looking forward to work together in the future, It has been a delightful experience working with you guys. 9. Furthermore, a decline in the growth of bubble tea consumption is witnessed due to strong restrictions on import and export facilities. If theres one thing you can count on, its that bubble tea is going to be more popular among women than men. Increasing Inclination of Consumers toward Versatile Teas with Innovative Bold Flavors is a Prominent Trend. 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. According to a recent CLSA survey of consumers, 94% of those aged between 20 and 29 bought boba tea in the last three months, reported Bloomberg (June 24). The two businesses are known for their zingy fruit tea drinks. 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. 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. At the end of the day, its not much worse than an occasional soda would be for the average person, but its important to remember to only have bubble tea once in a while. Each . The bubble tea industry was valued at $2.2 billion in 2019. Australia: 0.75 kg (1.65 lb) 17 When you look at the marketing for bubble tea, the numbers make sense. The outbreak of COVID-19 forced government bodies to impose strict closure of restaurants, farms, and factories to maintain safety measures and implement social distancing. A. That is approximately four cups of brewed coffee, 10 cans of cola or two "energy shot . In addition, the companies are focusing on the growing incidences of lactose intolerance, and thus are working toward introducing lactose-free bubble milk tea options for individuals. The appearance of the finished drink is what led to its name. Bobabox Limited, Bubble Tea House Company, Cuppotee, Fokus Inc., Gong Cha, Lollicup USA, Inc., Sumo's (M) SdnBhd, Ten Ren's Tea Time, The Bubble Tea Company, Troika JC. Against this backdrop, the market valuation is projected to reach US$ 245 Mn by 2032. BBT Club is Australia's leading DIY bubble tea company for anywhere and anytime. Virtually any flavor that you can imagine exists with bubble tea. A. Strong dependency on Asian countries to source raw materials acts as one of the major restraints in the market. Bubble tea is known for its sweet taste. 13. Tea is one of the most popular beverages consumed worldwide. This is a decrease, compared to the growth of about 7.64% per year, registered in 2015-2019. Bakery Products Market Share: The global bakery products market is estimated to reach US$ 235 Mn in 2022. Alcoholic Tea Market size is valued at USD 1,958.73 billion by 2028 and is expected to grow at a compound annual rate of 7.00% in the forecast period . The Bubble Tea Club Kit has everything you need to make delicious homemade bubble tea. . Nearly everyone in Thailand enjoys drinking bubble tea, to the point that they have surpassed every other country in the amount that they drink! It is made using green tea, white tea, black tea, or oolong tea. 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. Aug 16, 2022, 1:25 PM SGT. 11.2% of Victorian adults consume sugar sweetened beverages daily. 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. 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 . 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. 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 Mayo Clinic state that up to 400 mg of caffeine a day is probably safe for most healthy adults. For one, there are all of the sweet flavors and fun combinations of ingredients you can get. In its latest report, FMI offers an unbiased analysis of the global bubble tea, providing historical data from 2016 to 2020 and forecast statistics for the period 2021-to 2031. 7. This means, market totals are not comparable to published data from prior years. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. Future Market Insights Global and Consulting Pvt. Based on bubble tea market forecast, the liquid component was the most prominent segment accounting for the highest share in the bubble tea market. Ready to drink tea products have seen a 15x increase in sales and consumption since 2004. This is a list of countries ordered by annual per capita consumption of tea, as of 2016. Bubble tea can be found on every continent today, except for Antarctica, of course! Reduced sugar/ sugar-free bubble tea will gain traction over the assessment period. Data at LGA level is also presented. Your email address will not be published. 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. 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. 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 . 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. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. Jan 2023. By continuing to visit this site you agree to our use of cookies . +44 208 097 3636. Based on our analysis, the global market exhibited a slower growth of 2.76% in 2020 as compared to 2019. 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). They are made from cassava starch, a common ingredient in Brazilian culture, and they take time, effort, and skill to make properly. Get a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12310. 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 . info@pearllemongroup.com. Heycha and Yicha both have similar-sounding names and include refreshing fruit teas as part of their star offerings. Theory seemed to meet reality . Future Market Insights Global and Consulting Pvt. Many Thai people drink bubble tea daily, and in many cases may drink multiple cups per day. Bubble tea made a rise in popularity in 2018 with a 3000% increase in orders from Southeast Asia. And if youre looking for all the facts and figures that back up our claim, you have this blog post. 9. We calculate that for a 700 ml or 24 oz serving of bubble milk tea, which is usually the large cup size in most boba shops, the total bubble tea calories are 700 kcal. However, excess sugar content in these drinks leading to health issues and trend of coffee consumption are expected to restrict the market growth. 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. As of December 2018, GrabFood's bubble tea network encompasses over 1,500 brands with 4,000 outlets throughout . (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. Who are the leading players in the market? Per Capita Global Tea Consumption Patterns Americans consume more than 50 billion servings of tea a year, nearly 85% of which is iced. Health beneficial attributes such as low-fat, low-calorie content, and presence of anti-inflammatory properties are the key driving factors of the market. Accelerated demand for healthier beverage alternatives to carbonated drinks coupled with shifts in consumer preferences is fueling market growth for bubble tea. According to a recent consumer study, 94% of people between ages 20 and 29 have purchased bubble tea within the last 3 months. Coffee and tea are the most consumed as well as socially accepted nootropic beverages across the world, and many consumers are highly dependent on such caffeinated drinks before starting their day. Were big enough to handle massive projects, and yet also nimble enough to come up with names on demand that hit every time. 10. Chatime, Gong Cha, Coco Fresh Tea & Juice, and Lollicup USA, Inc. are the leading players in the market. Book your free consultation and let our research experts help you with your needs/problems. In addition, the growing gastronomic tourism, rising number of health-conscious individuals, and increased social media influences further paved the way toward growing potential. 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. Availability of Other Caffeinated Drinks to Impede Growth. Save my name and email in this browser for the next time I comment. In 2020, China dominated the tea market with 78.7 billion US dollars of revenue. How much is the global bubble tea market worth? Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. Unilever (Lipton), Associated British Foods (Twinings) and Tata Global Beverages (Tetley) are globally the most important players by revenue. Contact Sales for Further Assistance in Purchasing this Report @ https://www.futuremarketinsights.com/checkout/12310. 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. 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. 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. 8. 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. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. There are six official types of bubble tea. Graph. Background: Bubble tea has become enormously popular in China in recent years. If youre looking for a sweet, refreshing drink that doesnt compromise on flavor or quality, bubble tea is the answer. 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. The market is expected to grow annually by 2.61% (CAGR 2023-2025). 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. By flavor, the market is classified into coffee, fruit, chocolate, original, and others. 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. Based on the base ingredient, green tea will lead the market growth over the forecast period. Tea is considered the second most popular drink of choice worldwide. In global comparison, most revenue is generated in China (US$111,800.00m in 2023). Overall, though tea registered. Changes in consumers tastes and preferences have fostered growth for the bubble tea market over the forecast period. (2.Americans rank 25th for coffee consumption per capita, with an average consumption of 4.2 kg per person per year. Thailand leads in bubble tea consumption at an average of 6 cups per person per day. China is one of the prominent regions in the market that accounted for a sizeable share of the total market in 2019. 7.3.9.1. Apart from being a healthier alternative, becoming a trending beverage, especially among younger consumers, has also aided market growth for bubble tea. In 2016, 19.4 per cent of Although there are plenty of bubble tea flavors to choose from, fruit teas tend to be the most popular. Bubble tea is also known as pearl milk tea. In this era, the growing consumer preferences for products depend on various factors such as choice of taste, price, brand, and location accessibility. This can be attributed to the rise in awareness regarding healthy lifestyle and higher adoption of healthy beverages by health-conscious consumers. Nigeria, specifically, has become a hub for cassava production. Thanks for sticking with me in this huge post. Bubble tea is a sweet, delicious drink typically made from a tea base that is then mixed with either milk or fruit flavoring. Sometimes they are blended with ice to give them a more slushy-like consistency. Required fields are marked *. Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-12310, Explore FMIs Extensive Coverage on Food and Beverage Domain. 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. 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. A. Over of the bubble tea enjoyed around the world is fruit-flavored. 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. Health Benefits Associated with Bubble Tea Consumption to Drive the Market Growth . (Caffeine Informer) 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%.. 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. A. Brands, such as Koi The Co, Moge Tee, and M.A.D. 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. This segment does not include herbal tea, instant tea, iced tea or similar tea-derived Ready-to-Drink beverages. The average volume per person in the Tea segment is expected to amount to 0.68kg in 2023. The Middle East & Africa showcases a slower growth as pearl milk tea is consumed as a social drink or as a gesture of hospitality. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. 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. 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. By 2025, 70% of spending and 10% of volume consumption in the Tea . How Much Is the Bubble Tea Industry Worth. Thailand will emerge as a lucrative market over the forecast period with a CAGR of 8.7%. Tapioca balls or "pearls" are often added to the concoction as well. Its iced or hot black or green tea mixed with chewy tapioca balls that are often flavored. 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. Tea is a beverage made by pouring hot water over cured leaves. 5. With bubble teas sudden increase in popularity, it should be no surprise that the industry is only expected to keep growing. Six in ten (59.7%) did not usually consume either sugar sweetened or diet drinks. 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. There are 250 different flavors of bubble tea. 1.In 2019, 64% of Americans aged 18 and over drank coffee every day. 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. Grab also reported that on average, Southeast Asians drink an average of four cups of pearl milk tea per person per month. Rising consumption of tea and coffee as nootropic drinks among students and working-class population is a key factor for the market growth. 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). 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. We use cookies to enhance your experience. 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. Australians drink tea and have afternoon tea and morning tea much the way the British do. https://www.fortunebusinessinsights.com/industry-reports/bubble-tea-market-101564, Yummy Town (Cayman) Holdings Corporation (Happy Lemon) (Taiwan), Granular Research on Specified Regions or Segments, Companies Profiled based on User Requirement, Broader Insights Pertaining to a Specific Segment or Region, Breaking Down Competitive Landscape as per Your Requirement, Other Specific Requirement on Customization. The global COVID-19 pandemic has been unprecedented and staggering, with bubble tea experiencing lower-than-anticipated demand . 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. 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. Future Market Insights Global and Consulting Pvt. In-depth analysis and the bubble tea market size and segmentation assists in determining the prevailing bubble tea market opportunities. The boba tea trend continued to soar in its originating region and later spread its attractiveness in other western countries, such as Canada and the U.K., and is now considered a mainstay due to its unique formulation. A. According to the recent report by FMI, based on base ingredient type, the green tea segment is expected to dominate the market over the forecast period. This is likely due to its naturally sweet flavor and all of the different varieties of teas that are available. However, the sweeteners segment is expected to witness the highest growth, owing to rise in demand for sweet beverages across the globe. Nevertheless, manufacturers are trying to introduce new beverage options, such as bubble milk tea, in the market. The drink became popular during the 1990s, just in time for millennials to develop a taste for it. 5. Availability of a Wide Range of Products for Enticing Younger Generation to Boost Growth. This growth is fueled by the perceived health benefits of green tea. USD 1,195. Originating in Taiwan, the drink typically consists of tea, milk/cream, and sugar accompanied by tapioca pearls. Request Now ! We value them as a research company worthy of building long-term relationships., Well done Fortune Business Insights! 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 . Young people between ages 20 and 29 are interested in bubble tea. 1. 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. It includes flavor variants such as lychee, mango, passion fruit, peach, plum, strawberry, avocado, banana, grape, kiwi, lemon, and others. Our objective was to assess the nutritional profile of popular menu items available through OFD applications in Bangkok, Thailand.