SOURCES OF FREE SUGARS - Australian Bureau of Statistics Tea in Kenya. Its iced or hot black or green tea mixed with chewy tapioca balls that are often flavored. Let's assume that the daily maintenance calories for an average adult man are 2,500 kcal, and for an average adult . Quick Facts. The adoption of bubble tea has been quite high in mature regions such as the U.S., Canada, and Germany while emerging countries such as China, Brazil, and India are catching up quickly. Published. S-E Asia spent $5b on bubble tea in 2021; Indonesia tops list: Report 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. Statista. This is for a full-sugar serving that contains 60 g of sugar. By sugar content, reduced sugar/sugar-free category will gain traction over the forecast period. This bubble tea craze has taken over. From Farmer Welfare and Supply Chain to the Latest Trends, Tea Experts Share Insights. Very satisfied with the overall report as it has helped me to build strategies for my business, This is regarding the recent report I bought from Fortune Business insights. 9. This is a list of countries ordered by annual per capita consumption of tea, as of 2016. However, the sweeteners segment is expected to witness the highest growth, owing to rise in demand for sweet beverages across the globe. 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. . Bubble Tea Market Size, Share, Growth Report, 2020-2027 With 250 different flavors, it makes sense that there would be different bases to the teas. 03 Locally called "po po ch," Singapore has sold bubble tea since 1992. 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. According to the report, bubble tea orders had increased at a whopping 3,000 percent in 2018. 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. 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. 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. 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. And if you have a sweet tooth, its SO GOOD. Among various flavors, fruit flavor is more popular, and this segment dominated the market in 2019. Tea is a large part of modern Australian culture due to its British origins. Bubble teas distinct flavor, easy product availability, and numerous varieties offered will help the market to flourish. Young people between ages 20 and 29 are interested in bubble tea. It comes with the additional cost of $2500.00 contact sales. Additionally, due to Australia's climate, tea is able to be grown and produced in northern Australia. Tapioca balls or "pearls" are often added to the concoction as well. These drinks are made with milk tea and tapioca pearls (to make the bubbles), which contain a lot of natural sugar. This is far higher than the cost of a similar amount of milk or juice, but the high price does not seem to deter people from making it their go-to beverage. Elementary school children would look forward to buying a cup of refreshing tea after a long, hard day of work and play. The global market is projected to reach US$ 194.7 Bn by 2032. Boba tea, or "bubble tea," has been around since the late 1980s in Taiwan. This can be attributed to rise in the popularity of bubble tea with black tea as a base ingredient across the globe. 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. 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. Tea - Australia - Statista - The Statistics Portal for Market Data PDF A Cross-sectional Study on Knowledge, Attitude and Practice of Bubble The black tea segment is expected to be the leading segment in the global 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. This is a decrease, compared to the growth of about 7.64% per year, registered in 2015-2019. Were big enough to handle massive projects, and yet also nimble enough to come up with names on demand that hit every time. A. In 2020, China dominated the tea market with 78.7 billion US dollars of revenue. 2016. 84% of the tea that is consumed is black tea. Studies showed that green tea-based milk tea is proven to be beneficial for lowering blood pressure and the risk of cancer. 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. Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. Survey: Millennials, Gen Z Big Fans of Bubble Tea 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. 4. Global Bubble Tea Market Dynamics, Regional Analysis, Segmentation, Competitive Landscape, COVID-19 Impact, Recent Developments and SWOT Analysis of Key A. Thailand will emerge as a lucrative market over the forecast period with a CAGR of 8.7%. (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 consumption of organic tea rose by 1.06 million gallons in 2018. Teamorrow Australia - Northbridge, Western Australia - WorldPlaces Thailand leads in bubble tea consumption at an average of 6 cups per person per day. Read More . . Bubble Tea Market - Persistence Market Research Thank you for contacting us, our sales representative will get in touch with you shortly! The bubble tea industry is enormous and accounts for one of the fastest-growing food markets in the world today. 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. India and Australia will lock horns in the Third Test of the ongoing Border-Gavaskar Trophy at Indore's Holkar Cricket Stadium from March 1 onwards. Apart from the variety of flavors available, one of the primary elements fueling the expansion of bubble tea Industry is the health benefits. Of the 30 countries that enjoy bubble tea, most are in Asia. Bubble Tea Market Size By 2028 | Business Strategies - Research dive Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. That means 24 countries have higher consumption rates that are worth targeting. In 2019, tea revenue globally is about US$214,761m and is expected to grow each year by 6.9% until 2023. In its latest report, FMI offers an unbiased analysis of the global bubble tea, providing historical data from 2016 to 2020 and forecast statistics for the period 2021-to 2031. Philippines: Tea Market and the Impact of COVID-19 on - market research Consumer Shift toward Healthy Alternatives to Favor Growth. The market value of the bubble tea market is anticipated to reach a high of US$ 5.82 billion by the year 2032. The market was expected to reach a valuation of US$ 2.3 Bn by the end of 2021. Nevertheless, manufacturers are trying to introduce new beverage options, such as bubble milk tea, in the market. 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. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022. 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. Organic Tea Market Size, Share and Growth [2020-2027] Post- Budget webinar News Updates Live: This year's budget will give Graph. 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. 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. 87% of American millennials drink tea, including bubble tea. 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). Increasing Inclination of Consumers toward Versatile Teas with Innovative Bold Flavors is a Prominent Trend. Moreover, zero fat and low calorie contents of . . 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. Bubble tea is drunk by millions of people around the world every single day, even in countries that you might not expect! The global Bubble Tea Market is expected to $4,368.6 million in 2027. The 30 Tea Drinkers vs. Coffee Drinkers Statistics. 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. Keep reading to discover everything weve uncovered about bubble tea. Rising Raw Material and Transportation Cost Due to the Pandemic to Slow Down the Market Growth. Asia-Pacific (APAC) dominates the bubble tea market because of the high consumption of the bubble tea within the region. Find your information in our database containing over 20,000 reports, Consumer Market I appreciate the timeliness and responsiveness of you and your team., (applicable to 1 report only for the same license type), The global bubble tea market is projected to grow from $2.29 billion in 2022 to $3.78 billion by 2029, at a CAGR of 7.40% in the forecast period, 2022-2029, 2020 Fortune Business Insights . Thank you Fortune Business Insights for your efforts and prompt response, I had a great experience working with Fortune Business Insights. 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. 19 Shocking Tea Consumption Statistics - BrandonGaille.com 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.