bubble tea popularity statistics singapore bubble tea popularity statistics singapore

A 16 oz serving of bubble tea contains 38 grams of sugar, which is 76% of the recommended daily value. Please contact the Library for further reading materials on the topic. The Straits Times, p. 15. It slowly spread throughout Asia before gaining popularity in the U.S. and across the globe. 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. The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the industry. While consumers in Singapore are more health conscious, its not the same across other markets, it added. 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 According to the bubble tea market analysis, based on base ingredient,the black tea segment generated maximum revenue in 2019 and is expected to continue this trend throughout the forecast period. Besides this, due to its various attributes, such as low-fat and low-calorie content and other several health benefits, including high antioxidant value, it also boosts the consumption of boba tea across the domestic and international markets. Young people between ages 20 and 29 are interested in bubble tea. The added sugar in the cooking process can ramp up the balls to an estimate of 160 calories per quarter-cup serving. Trending is a good marketing strategy. 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. 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. Whats your favorite bubble tea base to start with? 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. 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. Moreover, based on the study by the finance-based startup, Momentum Works and payment startup, Qlub, Indonesias bubble milk tea market ranked first among all the Southeast Asian countries. 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. Bubble tea can be found in over 30 countries. Art & Craft. Many Thai people drink bubble tea daily, and in many cases may drink multiple cups per day. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); We're Soocial, a leading branding agency with a passion for creating memorable names and internationally-renowned brands. As a result, bubble tea lost its popularity by 2003 and many shops folded. For those looking to cut back on sugar, bubble tea may not be the best choice. 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. One can order the teas plain, or with milk or various fruit extracts, including plum, lemon and passion fruit among other flavours. Countries such as Vietnam and Taiwan are projected to have the largest sales. 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. 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. The report segments the global bubble tea market based on base ingredient, flavors, component, and region. This article was first published on 27 December, 2019. diabetes, heart disease, stroke and cancer. The market value of the bubble tea market is anticipated to reach a high of US$ 5.82 billion by the year 2032. Bubble tea, first introduced in Taiwan in the 1980s has done on to become a global phenomenon made popular by Internet foodies. Strong dependency on Asian countries to source raw materials acts as one of the major restraints in the market. Ice-blended versions are usually mixed with fruit or syrup, resulting in a slushy consistency. Retrieved from NewspaperSG.4. A. Nevertheless, manufacturers are trying to introduce new beverage options, such as bubble milk tea, in the market. Tapioca balls or "pearls" are often added to the concoction as well. 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 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. Bubble tea's popularity has inspired other creative fusion foods, from pastries and desserts to even savoury foods via Nylon Singapore As a Premium user you get access to background information and details about the release of this statistic. Durai, J., & Poon, C. H. (2011, June 4). (October 22, 2019). Save my name and email in this browser for the next time I comment. The Tea segment in Singapore is projected to grow by 2.16% (2023-2025) resulting in a market volume of US$807.70m in 2025. . Your email address will not be published. The market research report includes quantitative and qualitative insights into the market. 14. Statista. It looks quite comprehensive and the data is exactly what I was looking for. Gong Cha, for instance, was founded in 2006 in Taiwan. You need at least a Starter Account to use this feature. In 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. We use cookies to enhance your experience. Theres a lot more to bubble tea than meets the eye, and weve discovered all of the reasons that its a global favorite. A. 1. 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. The black tea segment is expected to be the leading segment in the global market. ", 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. The nostalgic flavour of Uncle JiaJia liang teh has now taken the form of bubble tea! Sweeter than soda? Boba tea, or "bubble tea," has been around since the late 1980s in Taiwan. 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. Malina Malkani, a media spokesperson for the Academy of Nutrition and Dietetics in the United States (US) said that bubble tea is a high-calorie drink with little source of protein or fibre. How Much Is the Bubble Tea Industry Worth. Use Ask Statista Research Service, Estimated production volume of tea across India 2022, by state, Production of tea worldwide 2006-2021, by country. 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. By region, North America was the most prominent regional market in 2019. Thanks for sticking with me in this huge post. Prices are higher than previously, reaching as much as S$6 per cup as compared to S$3 in the past.12 Nevertheless, bubble tea shops have attempted to sustain the popularity of the drink by continually developing new and unusual flavours, as well as engaging with customers through social media.Health concernsIn May 2011, it was found that two fruit juice brands from Taiwan used by some bubble tea outlets contained plasticisers that were harmful to health. The largest market in the region is Indonesia, with an estimated US$1.6 billion annual turnover. The consumption of black tea is highly promoted due to its strong antioxidant, anti-aging, and anti-diabetic properties. It includes flavor variants such as lychee, mango, passion fruit, peach, plum, strawberry, avocado, banana, grape, kiwi, lemon, and others. A. 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. Keep reading to discover everything weve uncovered about bubble tea. What may surprise you though is the amount of sugar! 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. In, DBS Group Research. Are you interested in testing our business solutions? Bubble tea shops, or Boba tea as it is frequently called in America, can be found in almost every major city across the country. To make the bubbles, tapioca is cooked in hot water along with sugar, for up to three hours. "The bubble tea industry has a good product gross margin of 60 per cent to 70 per cent," the release said. 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. Asia Pacific Bubble Tea Market Size, 2022 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. Right on cue, eight bubble tea establishments in Singapore have launched new drinks. Bubble tea drinks are designed to appeal to younger consumers as a way for brands to be part of viral food trends. 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. 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. 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. Bubble tea is a beverage originating from Taiwan comprising tea with fruit syrup or milk added, and then shaken. Taiwanese and homegrown brands have long dominated the Southeast Asian bubble tea market, the study found. 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. 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. After decades of slowly increasing in popularity, the big bubble tea boom happened in 2018. Singapore stands out among the region's six key markets, as the country with the smallest population but the highest spending power. Nonetheless, the tapioca balls are hard for elderly people to digest and can cause indigestion. 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. Today, millennials, zennials, and gen z account for the vast majority of the countrys bubble tea consumption. 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. Hoe, P. S. (2013, May 27). And if youre looking for all the facts and figures that back up our claim, you have this blog post. Please create an employee account to be able to mark statistics as favorites. The Straits Times, p. 3. For one, there are all of the sweet flavors and fun combinations of ingredients you can get. 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. Mediacorp Pte Ltd. All rights reserved. The bubbles are made from tapioca and have high carbohydrate content. Bubble tea is a sweet, delicious drink typically made from a tea base that is then mixed with either milk or fruit flavoring. 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. Arlina Arshad. South America is anticipated to grow in terms of sales volume of the products in the coming years. Consumer Shift toward Healthy Alternatives to Favor Growth. Which of the following factors are important to you for this most recent trip? Here is the history of bubble tea in Singapore. The Asia Pacific market held the largest share and was valued at USD 0.96 billion in 2022. This was attributed due to rise in the consumption of tea based everages across the world. Your email address will not be published. 7. Then you can access your favorite statistics via the star in the header. This can be attributed to change in preference of consumers toward healthy beverages and better taste. Get full access to all features within our Business Solutions. Learn more about how Statista can support your business. Register in seconds and access exclusive features. Teenagers and people in their 20s consistently account for the highest consumer percentage of bubble teas. Furthermore, the increasing working class population in developing countries paired with rising shopper health consciousness is supporting the market growth. Due to increasing consumer demand, GrabFood now has close to 4,000 bubble tea outlets in their network, which is a 200 percent growth in outlets for the region. The chewy tapioca balls or pearls are undoubtedly the stars of any bubble tea drink. About | Privacy Policy |Contact | Advertise | Support. 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). Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. Because of its proximity to Taiwan, where bubble tea was created, China quickly became a fan of the sweet beverage. The Straits Times, p. 8. Thailands consumers take top spot for consuming six cups of bubble tea per person per month, followed by the Philippines with an average of five cups. Both the Jiajia Milk Tea and Jiajia Boba have a refreshing combination of rich . Please do not hesitate to contact me. The peak of the fad was from March to October 2001, when shops reportedly sold as many as 800 to 1,000 cups a day.7 Major chains included Cool Station, Quickly and Milk Girl Ice Cup.8However, the drinks popularity also contributed to its downfall.