Arlina Arshad. Arlina Arshad. Which of the following factors are important to you for this most recent trip? T&C*. We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Bubble tea, also known as Boba or Boba tea, is rapidly becoming one of the worlds favorite beverages. Your email address will not be published. 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. Tapioca pearls are made from cassava flour, of which Nigeria is the worlds largest exporter (21%). Using new techniques such as molecular nitrogenation also adds innovation to the traditional recipe, thus further opening numerous opportunities for market growth. European countries are just starting to understand the bubble tea craze, and with new dessert products in the making, the only way for this industry to go is up. Both the Jiajia Milk Tea and Jiajia Boba have a refreshing combination of rich . Storm in a bubble-tea cup. Such challenges cumulatively hamper the growth potential of the global market. Because of the popularity and groundbreaking response from the customers, the businesses in this market typically franchise into different locations. Please contact the Library for further reading materials on the topic. to incorporate the statistic into your presentation at any time. Porters five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplierbuyer network. Currently, you are using a shared account. 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. 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. Malaysia, Singapore, Vietnam and Indonesia consume three cups per person per month. Although people of all ages frequently enjoy bubble teas across the globe, younger people tend to drink them more frequently. 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. Countries in North America are gradually increasing the consumption of this tea owing to the growing popularity of tea-based drinks. statistic alerts) please log in with your personal account. Almost overnight bubble tea shops popped up around the world in multiple countries that had never had an interest in it before. 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. Get detailed COVID-19 impact analysis on the Bubble Tea Market. Meanwhile, bubble tea orders on the GrabFood platform has seen more than 700 per cent growth in Singapore from May 2018 to December 2018. There is also a wide selection of items that can be added to the tea; for instance, pearls, pudding and jelly. 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. 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. (2001, August 31). ", DBS Group Research, Number of bubble tea outlets in Singapore in 2019, by brand Statista, https://www.statista.com/statistics/1066726/singapore-bubble-tea-outlets-by-chain/ (last visited May 01, 2023), Number of bubble tea outlets in Singapore in 2019, by brand [Graph], DBS Group Research, October 22, 2019. With shops all around the world in many major cities, its easy to indulge your bubble tea craving when you want to! Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. Show publisher information However, the sweeteners segment is expected to witness the highest growth, owing to rise in demand for sweet beverages across the globe. The region is witnessing a cross-cultural food consumption trend, and the growing health and wellness approach is also expected to boost the growth. 2023 Allied Market Research. Consumer Shift toward Healthy Alternatives to Favor Growth. In. All prices in USD, To ensure high-level data integrity, accurate analysis, and impeccable forecasts, On-demand customization of scope of the report to exactly meet your needs, Targeted market view to provide pertinent information and save time of readers. 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 . Bubble tea orders in Southeast Asia recorded a . https://www.grandviewresearch.com/industry-analysis/bubble-tea-market, https://foodinstitute.com/focus/survey-millennials-gen-z-big-fans-of-bubble-tea/, https://youthinsight.com.au/brands/more-girls-aware-of-bubble-tea-than-boys/, https://www.cnn.com/travel/article/taiwan-bubble-tea-origins/index.html, https://www.duluthnewstribune.com/8-things-you-might-not-know-about-bubble-tea-and-other-unexpected-holidays-this-week, https://www.fortunebusinessinsights.com/industry-reports/bubble-tea-market-101564, https://www.organicfacts.net/health-benefits/herbs-and-spices/bubble-tea.html, https://chinamarketadvisor.com/what-is-boba-and-why-is-it-so-popular/, https://theaseanpost.com/article/southeast-asias-bubble-tea-craze, https://www.worldteanews.com/Insights/millennials-and-gen-z-drive-21st-century-tea-preferences, https://www.honestfoodtalks.com/bubble-tea-flavors-boba-toppings/, https://www.healthline.com/nutrition/boba-cancer, https://mtalvernia.sg/education/whats-in-my-bubble-tea/, Tea thats infused with milk or another liquid, Artificial sweetener like stevia or sugar (more on this below), Special straws designed to make the best bubbles possible. The Straits Times, p. 3. The growing interest of consumers in innovative beverages with bold flavors and their willingness to experiment with various flavors is captivating the consumers attention, which contributes to fuel market growth. under and CEO Li Jianggan said the bubble tea market is fragmented, with enough room for larger and smaller players to co-exist and flourish. By component, it is classified into flavor, creamer, sweetener, liquid, tapioca pearls, and others. As more and more countries discover the delicacy that is bubble tea, these figures are sure to continue growing. As a Premium user you get access to the detailed source references and background information about this statistic. However, since the ease of lockdowns, governments have proposed several initiatives and strategies to help companies in recovering the losses across the globe. Though there are high margins, bubble tea is a low-differentiation game with easily replicable products and a challenging supply chain, he said. 5. Introduced to China in the early 1990s, it quickly became one of the most popular drinks in the nation. While bubble tea is enjoyed by people of all ages, it tends to be a global favorite among younger people. For instance, Nextrends Asia 2021 displayed a 330% surge in Taiwans exports of pearl milk teas base ingredients (raw materials, packaging and machinery, and others) compared to 2018. Currently, the major bubble tea chains are Koi and Gong Cha. These pearls, that looks like dark bubbles, give the tea its name. ", Latin America: yerba mate per capita consumption 2018, by country, Argentina: yerba mate export volume 2019, by destination, Argentina: yerba mate production 2010-2019, Latin America: yerba mate planted area 2020, by country. Available: https://www.statista.com/statistics/1066726/singapore-bubble-tea-outlets-by-chain/, Number of bubble tea outlets in Singapore in 2019, by brand, Available to download in PNG, PDF, XLS format, Leading black tea exporters worldwide 2021, Area harvested for tea in India 2010-2020, Production of tea in north India FY 2014-2022, Production volume of tea in south India FY 2014-2022, Production of tea in India FY 2021, by category, Tea production volume in India FY 2022, by grower size, Export value of tea and coffee from India FY 2011-2022, Indian tea exports value FY 2022, by destination country, Indian tea exports volume FY 2022, by destination country, Import value of tea in India FY 2014-2022, Import volume of tea into India FY 2014-2022, Wholesale Price Index of tea in India FY 2012-2022, Average price of tea in India FY 2022, by category, Retail price of tea India 2021, by major city, Consumption volume of tea in India FY 2015-2022, Total revenue of Hindustan Unilever 2013-2022, Tata Consumer Products' total revenue FY 2015-2022, Total revenue of McLeod Russel FY 2013-2022, Total revenue of Goodricke Group Ltd FY 2013-2022, Italy: ready-to-drink tea sales value 2016-2017, Ready to drink blended tea production volume in Japan 2013-2021, Tea market: value growth in the United Kingdom (UK) 2014, by category, Share of past-day tea consumers in Canada 2009-2020, Preferred time for bubble milk tea on weekdays in Vietnam 2019, by age group, Frequency of purchasing hot beverages for home consumption in France 2017, by type, Preferred time for bubble milk tea on weekends in Vietnam 2019, by age group, Bubble tea orders as share of daily orders on GrabFood Indonesia 2018, Tea sales value in the United Kingdom (UK) 2010-2014, Leading factors influencing bubble tea purchase Singapore 2020, Brazil: ready-to-drink tea production volume 2018-2021, Brazil: per capita consumption of ready-to-drink tea 2018-2021, Cost of one cup of bubble tea Singapore 2018, by major brand, Market share of tea and coffee drinks by distribution channel in Spain 2019, Tapioca and substitutes import volume to Japan 2016-2021, Find your information in our database containing over 20,000 reports. It slowly spread throughout Asia before gaining popularity in the U.S. and across the globe. 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. The bubble originally referred to the froth created by shaking the drink, though now it is also understood as referring to the pearls that are added. GrabFood is an extended service of Grab, the transportation network company, that does food deliveries. Bubble tea is a sweet, delicious drink typically made from a tea base that is then mixed with either milk or fruit flavoring. A typical serving of bubble tea at a chain might cost $3 to $5 for a 16- to 20-ounce cup. 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. Manufacturers are capitalizing on improving the functionality of boba drinks ingredients to cater to the rising demand from consumers. Junction. Additionally, they can be ordered with fruit or boba, both of which are high in added sugar. Nearly everyone in Thailand enjoys drinking bubble tea, to the point that they have surpassed every other country in the amount that they drink! Moreover, the emergence of do-it-yourself kits and classes allowed people to make their own bubble tea.10 As with other food fads, the novelty of the drink quickly wore off. Singapore stands out among the region's six key markets, as the country with the smallest population but the highest spending power. 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. Pandemic disrupted the entire world and affected many industries. Europe also witnessed growth in the pearl milk tea market around the same time as other Asian countries. Lek, E. (2007, August 20). The Straits Times, pp. Nielsen. Currently, you are using a shared account. To make the bubbles, tapioca is cooked in hot water along with sugar, for up to three hours. Thank you for contacting us, our sales representative will get in touch with you shortly! A. Chart. Arlina Arshad. How Much Is the Bubble Tea Industry Worth. October 22, 2019. Due to the COVID-19 pandemic, the global Bubble Tea market size is estimated to be worth USD 8062.1 million in 2023 and is forecast to a readjusted size of USD 27780 million by 2030 with a CAGR of . [Online]. Its iced or hot black or green tea mixed with chewy tapioca balls that are often flavored. Bubble tea was introduced to Singapore in 1992. . Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The black tea segment is expected to be the leading segment in the global market. These measures are part of efforts to help consumers to make more informed, healthier choices,Health Minister Ong Ye Kung said. Nonetheless, the tapioca balls are hard for elderly people to digest and can cause indigestion. Ethnic foods Junction. Unapproved additive found in 11 food products. In the United States, 95% of women have tried bubble tea versus 81% of males. 6. There are 250 different flavors of bubble tea. ", 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. Retrieved from NewspaperSG.12. However, the drinks popularity also contributed to its downfall. The added sugar in the cooking process can ramp up the balls to an estimate of 160 calories per quarter-cup serving. A bubble tea. A 16 oz serving of bubble tea contains 38 grams of sugar, which is 76% of the recommended daily value. Which is the leading segment based on the product type in the market? With 38 grams per 16oz beverage, bubble tea should be enjoyed in moderation. Moreover, higher expenditure of consumers on healthy beverages adds to the popularity of bubble tea in theregion. Bubble tea is made by adding fruit syrup or milk to (usually cold) tea and then shaking the . Revenue of the cosmetic & beauty industry in the U.S. 2002-2022, Value of the leading global textile exporters in 2021, by country, Vegetable oils: global consumption 2013/14 to 2022/23, by oil type, Cocoa bean production worldwide 2020/2021-2022/2023, by country, World coffee per capita consumption: major consumer countries 2015, Cosmetics industry in the U.S. - statistics & facts, Research expert covering Singapore, Indonesia and Malaysia, Profit from additional features with an Employee Account. The bubble tea industry is expected to reach $3.39 billion by 2027. The boba (bubble) alone is 150 calories. The high carbohydrate content of the bubbles can lead to an unhealthy diet. This was attributed to rise in the fitness conscious people across the globe. To use individual functions (e.g., mark statistics as favourites, set The Straits Times, p. 8. Bubble tea also contains high sugar content, according to a study conducted by students at the Applied Food Science and Nutrition diploma course at the Temasek Polytechnic in Singapore. According to research firm Allied Market Research, the global bubble tea market will jump from US$1.96 billion in 2016 to reach US$3.21 billion by 2023. 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. 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 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. Retrieved from NewspaperSG.10. We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be. This beverage has undergone a few waves of popularity in Singapore. In the United States, 95% of women have tried bubble tea as opposed to 81% of men. This can be attributed to the availability of various options such as combination of various liquid flavors and syrups. Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. Use Ask Statista Research Service, Estimated production volume of tea across India 2022, by state, Production of tea worldwide 2006-2021, by country. Save my name and email in this browser for the next time I comment. Important factors when considering a bubble tea purchase in Singapore in 2020 [Graph]. The market research report includes quantitative and qualitative insights into the market. Thank you for requesting a call back, our sales representative will get in touch with you shortly! Advertising prohibitions will also apply to such drinks. All these aspects necessitate the manufacturers to develop premium quality teas by keeping the consumer demands in mind. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. As soon as this statistic is updated, you will immediately be notified via e-mail. This includes bubble tea outlets. For instance, the base ingredients required for the preparation of black or green tea are exported from India, but due to the imposed regulations, companies were unable to process the demands of the manufacturers. Number of bubble tea outlets in Singapore in 2019, by. 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. Bubble 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. The key players in the industry receiving high levels of popularity and response from customers are franchising their businesses into different locations. 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. Followed by black tea, the green tea segment is expected to hold a major percentage of the market share. Thailand leads in bubble tea consumption at an average of 6 cups per person per day. 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. 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. Theres a lot more to bubble tea than meets the eye, and weve discovered all of the reasons that its a global favorite. (February 11, 2020). Bubble tea fad makes comeback. On the basis of flavor, it is categorized into original flavor, coffee flavor, fruit flavor, chocolate flavor, and others. Bubble Tea Popularity Statistics Singapore; by palmebre Published: July 20, 2021 (2 days ago) Category. Furthermore, there has been an increase in boba stores in the U.S. and Canada, owing to the shift in consumer preferences toward no and low-alcohol beverages, which has further contributed to the market growth. Bubble tea drinks are designed to appeal to younger consumers as a way for brands to be part of viral food trends. 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. Since our launch, weve worked on more than 1,000 projects for clients around the world. 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. This can be attributed to rise in the popularity of bubble tea with black tea as a base ingredient across the globe. Thailand came in second, with US$749 million through more than 31,000 bubble tea stores and other retail channels. Brands such as CHATIME and Bubbolitas established their first production units of boba drinks in 2009, and since then, the market has witnessed a growth trajectory. February 11, 2020. You only have access to basic statistics. 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. Boba tea is creating a buzz among individuals worldwide, owing to its growing appeal and novelty. 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. Chewy tapioca balls or different flavored jellies are then added to give bubble tea the fun, chewy texture that it is known for! The data also revealed the regions favourite flavour (hazelnut), topping (pearl) and the time most people order bubble tea (lunchtime). Bubble tea is a popular drink among Singaporeans, and consists of a sweet flavored tea base and tapioca pearls, or "bubbles". I believe its because of the level of sugar [in the drink], she said. The increase in bubble tea shops led to intense competition and price wars. 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. 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. DBS Group Research. The challenge, as usual, lies in execution and the ability to build (and of course, maintain) a defensive moat along the way.. By continuing to visit this site you agree to our use of cookies . SINGAPORE From bubble tea shops to cake shops - these standalone food & beverage businesses considered as less critical will be not allowed to open from Tuesday 2359 hrs as part of stricter. Virtually any flavor that you can imagine exists with bubble tea. Bubble tea can be found on every continent today, except for Antarctica, of course! The Straits Times, p. 78. With bubble teas sudden increase in popularity, it should be no surprise that the industry is only expected to keep growing. Ice-blended versions are usually mixed with fruit or syrup, resulting in a slushy consistency. "Number of Bubble Tea Outlets in Singapore in 2019, by Brand. Fruit-flavored bubble teas account for the largest percentage of bubble tea consumed at 37%. New bubbly a hit with youth here. More people are discovering and enjoying bubble tea every year, however, so these figures may soon change as people age and continue to enjoy their favorite drink. Please create an employee account to be able to mark statistics as favorites. "Number of bubble tea outlets in Singapore in 2019, by brand." Copyright Mediacorp 2023. Tapioca balls or pearls are often added to the concoction as well. The industry shows no signs of slowing down, and in fact, appears to be growing exponentially with every passing year. Retrieved from NewspaperSG.15. 2-3. Whats your favorite bubble tea base to start with? The price might seem high, but you have to consider everything that goes into making it, which includes: On the surface, bubble tea seems like a simple drink. 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. 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. AVA suspends two more Taiwanese juice brands. Sometimes they are blended with ice to give them a more slushy-like consistency. Ho, M., & Boey, D. (2001, June 29). Brands, such as Koi The Co, Moge Tee, and M.A.D. The Agri-Food and Veterinary Authority (AVA) suspended the brands, resulting in a few bubble tea chains temporarily being unable to sell their fruit teas.13In May 2013, it was discovered that the Sunright brand of tapioca balls, as well as other starch products from Taiwan used in bubble tea, contained maleic acid, a substance harmful to the kidneys.14 As a result, some bubble tea chains stopped selling pearls with their teas for the time being.15 Such health scares negatively affected bubble tea sales, although customer confidence returned after a period of time.Timeline1992: Bubble Tea Garden, Singapores first bubble tea caf, opens.2001: Bubble tea reaches the height of its popularity.2007: Renewed popularity of bubble tea.2011: Renewed popularity of bubble tea.