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. The global Bubble Tea Market is expected to $4,368.6 million in 2027. 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. Accessed May 01, 2023. https://www.statista.com/statistics/1112472/singapore-bubble-tea-consideration-factors/, Nielsen. However, the study found that despite the high margins, few bubble tea stores are profitable. Based on bubble tea market forecast, the liquid component was the most prominent segment accounting for the highest share 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. The growing bubble tea market has also made brands focus on unique concepts in terms of toppings and flavour combinations to pique consumer interest and to stand out from the crowd. However, the consumption of tea is not as prominent as the popularity of coffee in South American countries such as Argentina and Brazil. However, the sweeteners segment is expected to witness the highest growth, owing to rise in demand for sweet beverages across the globe. Moreover, increase in disposable income and economic growth in advanced & emerging economies support the market growth. This can be attributed to change in preference of consumers toward healthy beverages and better taste. "(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. Southeast Asia's bubble tea craze | The ASEAN Post As a result, bubble tea lost its popularity by 2003 and many shops folded. 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. These measures are part of efforts to help consumers to make more informed, healthier choices,Health Minister Ong Ye Kung said. Which is the leading segment based on the product type in the market? 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. Thailand came in second, with US$749 million through more than 31,000 bubble tea stores and other retail channels. 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. "Important Factors When Considering a Bubble Tea Purchase in Singapore in 2020. Access to this and all other statistics on 80,000 topics from, Show sources information Arlina Arshad. Lin Hsiu Hui created the first bubble tea in Chun Shui Tang, a tea shop i | Since its early beginnings in the 1980s, the trend of bubble tea has spread from Asia to America and Europe, and new companies are continually joining the bubble tea revolution. The bubble tea trend has continued to soar in its originating region, later gaining traction in other western countries, such as Canada and the U.K. In 1987, a staff member had the idea of adding. Hoe, P. S. (2013, May 27). However, it added that the supply chain for bubble tea stores can be more challenging than e-commerce due to the high demand for the freshness of raw materials. There has been speculation linking tapioca balls to cancer, though most claims have been refuted following extended research. 11. The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. 16 Bubble Tea Statistics to Calm Your Cravings - Soocial (1992, May 27). ", Nielsen, Important factors when considering a bubble tea purchase in Singapore in 2020 Statista, https://www.statista.com/statistics/1112472/singapore-bubble-tea-consideration-factors/ (last visited May 01, 2023), Important factors when considering a bubble tea purchase in Singapore in 2020 [Graph], Nielsen, February 11, 2020. 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. It is already known that sugary drinks contribute to weight gain, obesity and other diseases such as diabetes, heart disease, stroke and cancer. 3. Heritage and Culture. 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. In the United States, 95% of women have tried bubble tea as opposed to 81% of men. "Market Intelligence that Adds Flavour to Your Success", Region : Global | Format: PDF | Report ID: FBI101564. 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. Also, due to the strong dependency on Asian countries to source raw materials, such as tapioca balls from Taiwan, hinders the production process and impacts their overall operations. Here is the history of bubble tea in Singapore. The hidden sugars in bubble tea, Confessions of a bubble tea addict: Not good for me, but it's been good to me. The consumption of bubble 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. 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. 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. February 11, 2020. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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