Thank you for contacting us, our sales representative will get in touch with you shortly! Despite the burgeoning demand for such innovative tea beverages, the wide availability of other caffeinated and conventional drinks, such as coffee and chocolate, coupled with the prominent coffee consumption trends in Western countries, poses a threat to market growth. As soon as this statistic is updated, you will immediately be notified via e-mail. According to a study published in the National Library of Medicine, in 2022, chewing tapioca pearls can increase salivary C-protein (CRP) and calcium (Ca) levels. 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 bubble teas. According to the study, there are three underlying fundamentals to building a successful bubble tea business. All rights reserved. The industry shows no signs of slowing down, and in fact, appears to be growing exponentially with every passing year. Retrieved from NewspaperSG.5. 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. By base ingredient, it is divided into black tea, green tea, oolong tea, and white tea. However, consumers love for bubble tea wont change anytime soon, but they will vote for their favourite brands with their wallets.. For those looking to cut back on sugar, bubble tea may not be the best choice. Book your free consultation and let our research experts help you with your needs/problems. In this era, the growing consumer preferences for products depend on various factors such as choice of taste, price, brand, and location accessibility. Tapioca balls or pearls are often added to the concoction as well. Are you interested in testing our business solutions? CXOs from the leading companies perceive that product innovation, development of newer flavor, and use of organic preservatives & color in the manufacturing process are the major areas of growth for the bubble tea market. to incorporate the statistic into your presentation at any time. Bubble tea orders in Southeast Asia recorded a . Is Running A Bubble Tea Business In S'pore Actually Lucrative? The bubble tea market in China is estimated to have an annual turnover of US$20 billion, saturating and hyper competitive.. Bubble tea has a strong market potential as it offers various types and flavors of boba teas, such as fruit flavored, black tea-based milk tea, and green jasmine, across the globe. Bubble tea is a sweet, delicious drink typically made from a tea base that is then mixed with either milk or fruit flavoring. The emerging players in the Bubble Tea Market are Bubble Tea Supply Inc., ChaTime, CoCo Fresh, Quickly, Kung Fu Tea, Boba Loca, Happylemon, Share Tea, T Bun International, Fanale Drinks, Grand Chainly, and Huey-Yuhe Enterprise. The study also highlighted that pricing is not the only factor that affects customers purchasing decisions. This article was first published on 27 December, 2019. diabetes, heart disease, stroke and cancer. This can be attributed to the availability of various options such as combination of various liquid flavors and syrups. I have feedback on this infopedia article: Bubble tea. Get full access to all features within our Business Solutions. Moreover, countries such as Japan, China, the U.S., and Canada are the major consumers of pearl milk tea and have also experienced a slight dip in their growth due to hindrances in production as well as supply chains during the year 2020-21. To give some history, bubble tea which originated in Taichung, Taiwan was first introduced to Singapore in 1992. 1. "Market Intelligence that Adds Flavour to Your Success", Region : Global | Format: PDF | Report ID: FBI101564. This was attributed due to rise in the consumption of tea based everages across the world. Bubble tea, first introduced in Taiwan in the 1980s has done on to become a global phenomenon made popular by Internet foodies. IN FOCUS: Singapore's love affair with bubble tea - CNA Bubble Tea Market Sale, Share, Size, Growth & Forecast -2032 Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. 2-3. The current valuation of the market is US$ 2.50 billion in 2022. The chewy tapioca balls or pearls are undoubtedly the stars of any bubble tea drink. 7. Furthermore, a decline in the growth of product consumption is witnessed due to strong restrictions on import and export facilities. We dont recommend anyone making it a daily indulgence. The data also revealed the regions favourite flavour (hazelnut), topping (pearl) and the time most people order bubble tea (lunchtime). New bubbly a hit with youth here. Retrieved from NewspaperSG.4. The ideal entry-level account for individual users. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Because of its proximity to Taiwan, where bubble tea was created, China quickly became a fan of the sweet beverage. SINGAPORE: Bubble tea lovers in Southeast Asia spend US$3.66 billion a year on the beverage and similar new tea drinks, with Singapore having the highest spending power despite its smallest population among the region's six key markets. Moreover, higher expenditure of consumers on healthy beverages adds to the popularity of bubble tea in theregion. "The bubble tea industry has a good product gross margin of 60 per cent to 70 per cent," the release said. Chewy tapioca balls or different flavored jellies are then added to give bubble tea the fun, chewy texture that it is known for! "(This makes) it a great entry point for premium brands, Momentum Works said in a news release on Tuesday (Aug 16), adding that there are currently more than 60 active brands of bubble tea chains. Currently, you are using a shared account. A wide variety of teas, including black, green, oolong and earl grey tea are sold. Moreover, apart from teas for sale, there are plenty of fruit juices and sometimes coffee options on the menu of bubble tea shops. Bubble tea is a beverage originating from Taiwan comprising tea with fruit syrup or milk added, and then shaken. Stay abreast of your interest areas. 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. Although the drink was originally created in Taiwan, its signature ingredient is primarily grown in Nigeria, Thailand, Indonesia, and Brazil. 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 global bubble tea market growth. Remarkable job and great efforts by your research team. 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. Last week, it was announced that Singapore will soon require food and beverage outlets to include nutrition labels on their menus to indicate drinks that contain higher levels of sugar and saturated fat. Chun Shui Tang. An average, medium-sized serving of bubble tea has, on average, 335 calories. According to Dr Tan Wee Yong, a consultant physician in Malaysia, it is recommended for a normal healthy adult to take no more than eight teaspoons of sugar a day, while a childs daily sugar intake should not be more than five teaspoons. Retrieved from NewspaperSG.9. Keep reading to check them out! Please do not hesitate to contact me. 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. This beverage has undergone a few waves of popularity in Singapore.DescriptionBubble tea is made by adding fruit syrup or milk to (usually cold) tea and then shaking the concoction. Many Thai people drink bubble tea daily, and in many cases may drink multiple cups per day. Rising Raw Material and Transportation Cost Due to the Pandemic to Slow Down the Market Growth. February 11, 2020. *Taxes/Fees, if applicable will be added during checkout. You need at least a Starter Account to use this feature. The Straits Times, p. 30. For instance, in September 2021, Dubai witnessed the opening of various new tea outlets serving boba tea across the country. Required fields are marked *. Then you can access your favorite statistics via the star in the header. Market to Boom As Consumers Seek Versatile Teas with Innovative Bold Flavors. [ 2023 to 2030 ] Bubble Tea Market Size - MarketWatch 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. Your email address will not be published. Consumer Shift toward Healthy Alternatives to Favor Growth. In April 2020, Bubble Tea Supply Inc. launched its first bubble tea with a range of flavors including traditional milk, green apple, mango, lychee, and honeydew accompanied with over 14 toppings. An Infographic Representation of Bubble Tea Market, To get information on various segments, share your queries with us. Junction. The black tea segment is expected to be the leading segment in the global market. Bubble tea has emerged as a cultural icon for the world and symbolizes Taiwans food innovation to promote its existence amidst the food service industry. For instance, in August 2021, according to a study by the Business Times Newspaper, Southeast Asia spent around USD 3.7 billion on launching milk tea and such similar drinks, owing to the ever-growing demand from youth. "Important factors when considering a bubble tea purchase in Singapore in 2020." Bubble tea truly is an international drink! The Straits Times, pp. Although people of all ages frequently enjoy bubble teas across the globe, younger people tend to drink them more frequently. There has been speculation linking tapioca balls to cancer, though most claims have been refuted following extended research. October 22, 2019. (1992, May 27). 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. Previously, tea was usually served hot, so it was considered a novel idea to cool the tea with ice and mix it with various ingredients. Learn more about how Statista can support your business. Liu Han-Chieh, owner of tea house Chun Shui Tang, claims to have invented the beverage in 1983 after being inspired by seeing coffee served cold in Japan. To know how our report can help streamline your business, Speak to Analyst, Shift of Consumers toward Black Tea Due to its Health-Imparting Properties Boosts Market's Performance. Green tea has shown long-term energy inducing properties and has a positive effect on the regulation of body weight. Contact us, Last week, it was announced that Singapore will soon require food and beverage outlets to, Nutrition labels for drinks high in sugar, saturated fat to be rolled out in practical manner: MOH, HPB, Nutrition labels required by end 2023 for freshly prepared drinks that are higher in sugar, fat content. Retrieved from NewspaperSG.6. Exactly how popular is bubble tea in Singapore? (Photo: iStock). The report covered all the points and was very detailed. The beverage is now considered a mainstay due to its unique formulation. Chewy tapioca balls or pearls are often added as well, giving rise to the need for extra large straws when drinking the beverage. 13. This can be attributed to the rise in awareness regarding healthy lifestyle and higher adoption of healthy beverages by health-conscious consumers. Save my name and email in this browser for the next time I comment. Health-beneficial attributes such as low-fat, low-calorie content, and the presence of anti-inflammatory properties are the key driving factors of the market. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. Are you interested in testing our business solutions? Start reading instantly.This Report and over 29,716+ more Reports, Available with Avenue Library. Additionally, they can be ordered with fruit or boba, both of which are high in added sugar. For one, there are all of the sweet flavors and fun combinations of ingredients you can get. And if youre looking for all the facts and figures that back up our claim, you have this blog post. Bubble tea fad makes comeback. Studies showed that green tea-based milk tea is proven to be beneficial for lowering blood pressure and the risk of cancer. The bubbles are made from tapioca and have high carbohydrate content. 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. A paid subscription is required for full access. Nielsen. hief operating officer ofqlub,Sik Hoe Yong, noted that many young people in Southeast Asia want to open bubble tea shops someday. 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. The size of the global Bubble Tea Market in 2019 was $2,407.6 million. 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. But in case you dont Its tea served with a giant chewy ball of tapioca at the bottom of the cup. Fruit Flavor Segment is Dominating Backed by High Consumer Preference. Plasticisers are discovered in two Taiwanese fruit juice brands, resulting in suspension of the brands.2013: Maleic acid found in Taiwanese starch products, affecting the pearl supplies of certain bubble tea chains.AuthorJan YapReferences1. Get insights on topics that are crucial for your business. This beverage has undergone a few waves of popularity in Singapore. Ho, M., & Boey, D. (2001, June 29). 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. 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 size was valued at $2.29 billion in 2022 & is projected to grow from $2.46 billion in 2023 to $4.08 billion by 2030, 2020 Fortune Business Insights . Which of the following factors are important to you for this most recent trip? Durai, J., & Poon, C. H. (2011, June 4). Get full access to all features within our Business Solutions. Long queues at bubble tea shops, now serving only takeaway bubble tea, were a common sight. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). bubble tea popularity statistics singapore; how many bubble tea brands in singapore; Bubble Tea Popularity Statistics Singapore . To use individual functions (e.g., mark statistics as favourites, set The bubble tea industry has a good product gross margin of 60 per cent to 70 per cent, the release said. The drink became popular during the 1990s, just in time for millennials to develop a taste for it. It should be no surprise then that sugar is a primary ingredient in the drink. It is already known that sugary drinks contribute to weight gain, obesity and other diseases such as diabetes, heart disease, stroke and cancer. Aqilah still drinks the occasional bubble tea. The other players operating in the global bubble tea market are Bubble Tea Supply Inc., ChaTime, CoCo Fresh, Quickly, Kung Fu Tea, BobaLoca, Happylemon, Share Tea, T Bun International, Fanale Drinks, Grand Chainly, and Huey-Yuhe Enterprise. The increase in bubble tea shops led to intense competition and price wars. However, the consumption of tea is not as prominent as the popularity of coffee in South American countries such as Argentina and Brazil. Apart from this, coffee flavor is also anticipated to hold a strong market share in the forecast period owing to the escalated demand for coffee as a healthy beverage. The forecast period in the global bubble tea market report is 2019-2027.

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