According to the CXOs, Europe is projected to register significant growth as compared to Asia-Pacific and North America due to rapid urbanization, rise in consumption of healthy beverages, and low price of bubble tea. Total Starbucks locations globally 2003-2022, U.S. beer market: leading domestic beer brands 2017, based on sales, Revenue and financial key figures of Coca-Cola 2010-2022, Research expert covering Singapore, Indonesia and Malaysia, Profit from additional features with an Employee Account. The global bubble tea market size was valued at USD 2.29 billion in 2022 and is projected to grow from USD 2.46 billion in 2023 to USD 4.08 billion by 2030, exhibiting a CAGR of 7.51% during the forecast period. Virtually any fruit that you can think of can be enjoyed in a bubble tea drink. (2002, January 13). This has led to transportation delays and the functioning of both supplies (tea estates) and demand for consumption points to a standstill due to a shortage of manpower and reduced visits of customers to coffee shops amidst the lockdown. Junction. The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the industry. Bubble tea is a sweet, delicious drink typically made from a tea base that is then mixed with either milk or fruit flavoring. #1 HEYTEA Golden Osmanthus Oolong ($7.50) Photo from HEYTEA. The first bubble tea shop was Bubble Tea Garden in Marina Square, owned by Ann Chew. Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. This was attributed to rise in the fitness conscious people across the globe. Retrieved from NewspaperSG.8. Followed by black tea, the green tea segment is expected to hold a major percentage of the market share. Rising Raw Material and Transportation Cost Due to the Pandemic to Slow Down the Market Growth. 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. Single User License, Five User License & Enterprise User License. Then you can access your favorite statistics via the star in the header. Singapore: bubble tea outlets by brand 2019 | Statista Teens use tea house notice board to talk to each other, AVA suspends two more Taiwanese juice brands, Unapproved additive found in 11 food products, Pearls dropped by some bubble tea shops. "Market Intelligence that Adds Flavour to Your Success", Region : Global | Format: PDF | Report ID: FBI101564. Since our launch, weve worked on more than 1,000 projects for clients around the world. Are you interested in testing our business solutions? 9. To get the sample of bubble tea market report, click on the link (Please paste the link here). 2. Recent Statistics Popular Statistics Facebook: quarterly number of . 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. In a survey of Singaporean bubble tea consumers in 2020, 69 percent of respondents stated that taste was their main consideration when purchasing bubble tea, while 61 percent stated price. Cassava flour itself comes from the cassava root, which is native to South America but has become a staple food in many African nations. Bubbling over. These pearls, that looks like dark bubbles, give the tea its name. A wide variety of teas, including black, green, oolong and earl grey tea are sold. The bubble tea industry was valued at $2.2 billion in 2019. Bubble Tea Market Size, Share, Growth, Sales | Forecast, 2027 In the next five years, the bubble tea industry is expected to grow by nearly 54%. The challenge, as usual, lies in execution and the ability to build (and of course, maintain) a defensive moat along the way.. With shops all around the world in many major cities, its easy to indulge your bubble tea craving when you want to! "(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. 4. Virtually any flavor that you can imagine exists with bubble tea. Get full access to all features within our Business Solutions. 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. Hawker centres too began to sell bubble tea, with some small start-ups even operating from shops selling items such as cakes and shoes. Theres a lot more to bubble tea than meets the eye, and weve discovered all of the reasons that its a global favorite. But in case you dont Its tea served with a giant chewy ball of tapioca at the bottom of the cup. (October 22, 2019). Available: https://www.statista.com/statistics/1112472/singapore-bubble-tea-consideration-factors/, Important factors when considering a bubble tea purchase in Singapore in 2020, Available to download in PNG, PDF, XLS format, Latin America: largest yerba mate exporters 2020, by value, Latin America: leading yerba mate importers 2020, Argentina: yerba mate per capita consumption 2013-2018, Argentina: yerba mate export volume 2010-2018, Argentina: yerba mate import volume 2010-2018, Brazil: harvested hectarage of yerba mate 2013-2019, Brazil: yerba mate export value 2010-2022, Brazil: yerba mate leading export destinations 2022, Brazil: yerba mate import value 2013-2020, Paraguay: yerba mate export value 2010-2018, Paraguay: yerba mate export volume 2010-2018, Paraguay: yerba mate export volume 2018, by country, Paraguay: yerba mate import volume 2010-2018, Uruguay: yerba mate import value 2013-2018, Mexico: yerba mate import value 2012-2018, Bolivia: yerba mate import value 2013-2018, Cost of one cup of bubble tea Singapore 2018, by major brand, Favorite coffee and tea drinks in Germany 2019-2021, Share of past-day tea consumers in Canada 2009-2020, Share of Americans who drink Nestea 2018, by age, Share of past-day tea consumers in Canada 2011-2013, by age, Consumption of specialty teas by consumers aged 25-34 years and 55+ consumers UK 2016, Bubble tea orders as share of daily orders on GrabFood Indonesia 2018, How people take their tea in the United Kingdom (UK) in 2014, by region, Market value of RTD tea in ASEAN by country 2015/2020, Types of functional beverages tried among consumers in Vietnam 2019, by gender, Frequency of drinking functional beverages in Vietnam 2019, Main factors for buying non-alcoholic beverages in Vietnam 2019, by age, Tapioca and substitutes import value to Japan 2020, by region, Tapioca and substitutes import volume to Japan 2021, by region, Find your information in our database containing over 20,000 reports. Fruit-flavored bubble teas account for the largest percentage of bubble tea consumed at 37%. On Deliveroo, bubble tea is the most popular item in its beverage category, with users ordering 385,000 cups in 2018. 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. (2002, January 13). Today, millennials, zennials, and gen z account for the vast majority of the countrys bubble tea consumption. The market value of the bubble tea market is anticipated to reach a high of US$ 5.82 billion by the year 2032. All Rights Reserved. There are many varieties of the drink with a wide range of ingredients. The Great Singapore Bubble Tea Mania | campus.sg For instance, in April 2020, a bubble tea company Chatime launched oat milk-based tea, such as Grass Jelly Roasted Milk Tea and Chatime Pearl Milk Tea, for lactose intolerant consumers. Over of the bubble tea enjoyed around the world is fruit-flavored. The data also revealed the regions favourite flavour (hazelnut), topping (pearl) and the time most people order bubble tea (lunchtime). Additionally, they can be ordered with fruit or boba, both of which are high in added sugar. Grabs data also found that Southeast Asians drink an average of four cups of bubble tea per person per month. statistic alerts) please log in with your personal account. Tapioca balls or pearls are often added to the concoction as well. Bubble Tea Popularity Statistics Singapore DOWNLOAD: https://tinurll.com/2iwiym bubble tea popularity statistics singapore 28d79c4b43 Reallusion CrazyTalk Animator 3.12.1719.1 MAC OS X Download Harry Potter ATOTP Apun KaGames exe Oceane Dreams Sets 14 18 MediaHuman YouTube Downloader 3.9.8.19 (0901) [artc Like Repost Share Mediacorp Pte Ltd. All rights reserved. It is already known that sugary drinks contribute to weight gain, obesity and other diseases such as diabetes, heart disease, stroke and cancer. However, the drinks popularity also contributed to its downfall. New bubbly a hit with youth here. Book your free consultation and let our research experts help you with your needs/problems. 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. Another draw is the foamed tea. Hoe, P. S. (2013, May 27). 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 . As more and more countries discover the delicacy that is bubble tea, these figures are sure to continue growing. (1993, September 24). Are you interested in testing our business solutions? This beverage has undergone a few waves of popularity in Singapore. These drinks are mixed only after an order has been made and are then machine-sealed in a clear plastic cup.1OriginBubble tea originates from Taichung, Taiwan. 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. 11. Retrieved from NewspaperSG.The information in this article is valid as at 28 January 2014 and correct as far as we can ascertain from our sources. [Online]. Chocolate-flavored milk tea is tremendously popular in which chocolate powder is blended with milk to strengthen its flavor. As a result, bubble tea lost its popularity by 2003 and many shops folded. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. If you are an admin, please authenticate by logging in again. At this point in time, bubble tea was served in a cocktail glass,3 and customers drank the beverage sitting down in cafes or bubble tea huts.4 Bubble Tea Garden, in particular, served flavours such as Pearl Red Bubble Tea, Yam Shake, Honey Egg Yolk, Whisky Red Tea and Honey Peppermint.5 It attracted many students, largely Chinese-speaking and who came in groups, partly because it had a message board for customers to express their thoughts and communicate with one another.6Food fadAlthough bubble tea was well received, notably among the youth, when it was first introduced, it was only in 2001 that it became phenomenally popular. Please create an employee account to be able to mark statistics as favorites. But did you know that there are six different types of bubble tea? Green tea has shown long-term energy inducing properties and has a positive effect on the regulation of body weight. Although there are plenty of bubble tea flavors to choose from, fruit teas tend to be the most popular. According to a recent consumer study, 94% of people between ages 20 and 29 have purchased bubble tea within the last 3 months. 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 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. (2001, August 31). Bubble Tea Market Sale, Share, Size, Growth & Forecast -2032 In Singapore, there has been renewed hype in bubble tea in the past year, spurred by the entrance of well-known global franchises, and local entrepreneurs stepping up to give those brands a run for their money. The global bubble tea market size was valued at USD 2.29 billion in 2022 and is projected to grow from USD 2.46 billion in 2023 to USD 4.08 billion by 2030, exhibiting a CAGR of 7.51% during the forecast period. 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. 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. 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. Retrieved from NewspaperSG.15. 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's popularity has inspired other creative fusion foods, from pastries and desserts to even savoury foods via Nylon Singapore Please do not hesitate to contact me. Nigeria, specifically, has become a hub for cassava production. While consumers in Singapore are more health conscious, its not the same across other markets, it added. I have feedback on this infopedia article: Bubble tea. Nonetheless, the tapioca balls are hard for elderly people to digest and can cause indigestion. 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. This includes bubble tea outlets. It also offers a detailed analysis of the market size and growth rate for all possible market segments. Arlina Arshad. Yet, few players have managed continuous profitability at a large scale.. The drink is typically made from a combination of milk and tea and topped with pearls such as tapioca balls, popping boba (made from water, sugar and flavourings using a culinary process called spherification), grass jelly, fruit jelly, etc. The global bubble teamarket holds a substantial scope for growthduring the forecast period. 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. Customers also decide based on the product selection at stores, as well as the ease of access which means the number of stores a brand has, it said. 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. About | Privacy Policy |Contact | Advertise | Support. By region, North America was the most prominent regional market in 2019. Bubble tea fad makes comeback. 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. Which region held the highest share in the global market? We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Retrieved from NewspaperSG.2. Important factors when considering a bubble tea purchase in Singapore in 2020 [Graph]. However, consumers love for bubble tea wont change anytime soon, but they will vote for their favourite brands with their wallets.. To use individual functions (e.g., mark statistics as favourites, set Is Running A Bubble Tea Business In S'pore Actually Lucrative? How much is the global bubble tea market worth? GrabFood is an extended service of Grab, the transportation network company, that does food deliveries. Tea - Singapore | Statista Market Forecast Availability of Alternative Caffeinated Drinks to Impede Growth. Need to talk to an expert? Ethnic foods This can be attributed to the availability of various options such as combination of various liquid flavors and syrups. A popular version of bubble tea, known as Thai iced tea originated in Thailand in the 1800s, and when bubble tea was invented people began adding tapioca balls to it. The price for bubble tea depends on where you get it. Register in seconds and access exclusive features. Who are the leading players in the global market? Teens use tea house notice board to talk to each other. Studies showed that green tea-based milk tea is proven to be beneficial for lowering blood pressure and the risk of cancer. The boba (bubble) alone is 150 calories. The high carbohydrate content of the bubbles can lead to an unhealthy diet. 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. According to the study, there are three underlying fundamentals to building a successful bubble tea business. All rights reserved. Emerging countries such as China, India and Brazil growing with the CAGR of 8%, 9.5%, and 8.3% respectively. Momentum Works founder and CEO Li Jianggan said the bubble tea market is fragmented, with enough room for larger and smaller players to co-exist and flourish. 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. Learn more about how Statista can support your business. 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. Accessed May 01, 2023. https://www.statista.com/statistics/1066726/singapore-bubble-tea-outlets-by-chain/, DBS Group Research. A paid subscription is required for full access. Due to intense competition and price wars, bubble tea lost its popularity by 2003 and many shops folded. You can only download this statistic as a Premium user. Because of its proximity to Taiwan, where bubble tea was created, China quickly became a fan of the sweet beverage. The Straits Times, p. 78. The chewy tapioca balls or pearls are undoubtedly the stars of any bubble tea drink. Looking forward to work together in the future, It has been a delightful experience working with you guys. As a Premium user you get access to the detailed source references and background information about this statistic. (AFP Photo). (1992, May 27). There was a 3,000% increase in the amount of bubble tea orders in Southeast Asia in 2018. In Malaysia, Columbia Asia dietitian, Kong Woan Fei told local media that depending on the sugar used, one cup of bubble tea can contain at least 370 calories. This was found in a study which provides analyses and insights into the business dynamics behind bubble tea. Europe also witnessed growth in the pearl milk tea market around the same time as other Asian countries. Then you can access your favorite statistics via the star in the header. By clicking subscribe, I agree to receive news updates and promotional material from Mediacorp and Mediacorp's partners. Fortune Business Insights says that the global market size was USD 2.29 billion in 2022 and is projected to reach USD 4.08 billion by 2030. Bubble tea is a beverage originating from Taiwan comprising tea with fruit syrup or milk added, and then shaken. Keep reading to check them out! The types include milk tea, black tea, fresh fruit tea, smoothies or milkshakes, fresh milk, and salted cream. 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. Young people between ages 20 and 29 are interested in bubble tea. By base ingredient, it is divided into black tea, green tea, oolong tea, and white tea. This includes building a decent flagship product to get initial traction, achieving single-store profitability and scaling the model while maintaining the positive unit economics. Southeast Asia's bubble tea craze | The ASEAN Post You need a Statista Account for unlimited access. Bubble tea | Infopedia - National Library Board Heritage and Culture. Bubble tea is drunk by millions of people around the world every single day, even in countries that you might not expect! Its iced or hot black or green tea mixed with chewy tapioca balls that are often flavored. This article was first published on 27 December, 2019. diabetes, heart disease, stroke and cancer. Use Ask Statista Research Service, Estimated production volume of tea across India 2022, by state, Production of tea worldwide 2006-2021, by country. An Infographic Representation of Bubble Tea Market, To get information on various segments, share your queries with us. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Consuming Singapore: The obsession with bubble tea Currently, you are using a shared account. In the United States, 95% of women have tried bubble tea as opposed to 81% of men. Subject These latest product ranges further act as a marketing strategy to attract a vast consumer base worldwide. The drink became popular during the 1990s, just in time for millennials to develop a taste for it. A. 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. A. 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). In addition, recently many Chinese brands have entered the region, it added. February 11, 2020. (1993, September 24). By flavor, the market is classified into coffee, fruit, chocolate, original, and others. AVA suspends two more Taiwanese juice brands. 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. When you look at the marketing for bubble tea, the numbers make sense. To make the bubbles, tapioca is cooked in hot water along with sugar, for up to three hours. In 1987, a staff member had the idea of adding. 10. By component, it is classified into flavor, creamer, sweetener, liquid, tapioca pearls, and others. The Straits Times, p. 8. Introduced to China in the early 1990s, it quickly became one of the most popular drinks in the nation. The Straits Times, p. 3. Chewy tapioca balls or different flavored jellies are then added to give bubble tea the fun, chewy texture that it is known for! Tapioca pearls are made from cassava flour, of which Nigeria is the worlds largest exporter (21%). COVID-19: Bubble tea shops, other less critical F&B businesses to close 12. Pearls dropped by some bubble tea shops. However, the consumption of tea is not as prominent as the popularity of coffee in South American countries such as Argentina and Brazil. It comes with the additional cost of $2500.00 contact sales. Chewy tapioca balls or pearls are often added as well, giving rise to the need for extra large straws when drinking the beverage. Retrieved from NewspaperSG.12. Moreover, rise in consumption of flavored bubble tea in young generation fuels thebubble tea market growth. Ho, M., & Boey, D. (2001, June 29). We value them as a research company worthy of building long-term relationships., Well done Fortune Business Insights! In a recent Grab article titled Bubble Tea Craze in GrabFood, the ride-hailing giant highlighted Southeast Asias growing obsession with the drink. How Much Is the Bubble Tea Industry Worth. Chart. Your email address will not be published. However, the chocolate flavor segment is expected to witness highest growth, owing to increase in its popularity of in all age groups for all flavored beverages and rise in awareness of health benefits of chocolate among consumers. You need at least a Starter Account to use this feature. The prevalence of lifestyle disorders such as obesity and diabetes associated with the hectic lifestyle of consumers has nudged them to shift toward healthy drinks, such as ginger tea and boba teas, due to their easy customization.

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