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The out-of-home market, also called on-trade market, away-from-home market or HORECA encompasses all sales to hotels, restaurants, catering, cafs, bars and similar hospitality service establishments. For better delivery of our new release, Please help us undestand your interest Industry and Frequency that you prefer to get the new releases. a more convenient consumption option, compared with hot cereals, which can require the addition of boiling water or milk. In 2014, over 77% of the tea brewed in the United States was prepared using tea bags. Apart from the U.S. and Asian countries, the trend of milk tea is also extensively growing amongst individuals residing in the Middle East and Africa. Bubble Tea originated in Taiwan in the early 1980's at a small tea stand. As per the latest report by FMI, the U.S. bubble tea market is expected to register a 12.4% CAGR during the forecast period. So, if we live in a postcode that is all expats, we would assume a 70% chance of a bubble tea shop being located there. 19 Shocking Tea Consumption Statistics - BrandonGaille.com Bubble tea consumption and its association with mental - ScienceDirect Read More . 3. Bubble tea is also known as (Zhen Zhu Nai Cha) directly translates to pearl milk tea, but is also known as boba tea in . Premium Statistic Global tea consumption 2012-2025 . Rising Raw Material and Transportation Cost Due to the Pandemic to Slow Down the Market Growth. If you love bubble tea and are looking for a make your own bubble tea kit, this is the place! Just over half (52%) of all free sugars consumed were from beverages, led by soft drinks, sports and energy drinks (19%), fruit juice and fruit drinks (13%), with the sugar added to beverages such as tea and coffee contributing 7.3% and . One cup of tea is assumed to contain 2 grams of tea. If you have an adventurous palette, we highly recommend trying as many different flavors as you can to find the one that will be your favorite! Fruit Flavor Segment is Dominating Backed by High Consumer Preference. Symptoms of . Companies, such as Lollicup U.S.A. Inc., Gong Cha, Chatime, and others, have invested in research and development activities to offer new variants of tea for a growing market. Fortune Business Insights says that the global market size was USD 2.17 billion in 2021 and is projected to reach USD 3.78 billion by 2029. These organizations are focusing on product innovation and targeting the millennial consumer as the group is known for its willingness to experiment with new flavors. By 2025, 70% of spending and 10% of volume consumption in the Tea . From Farmer Welfare and Supply Chain to the Latest Trends, Tea Experts Share Insights. Bubble tea truly is an international drink! Bubble tea is often seen as a sweet, fruity, and more feminine drink in the western world, particularly with its multi-colored straws and cute cartoon packaging designs. Australians drink tea and have afternoon tea and morning tea much the way the British do. Thank you Fortune Business Insights for your efforts and prompt response, I had a great experience working with Fortune Business Insights. With 38 grams per 16oz beverage, bubble tea should be enjoyed in moderation. 9. Essential Facts. How much is the global bubble tea market worth? July 26, 2022 10:30 ET 2016. In the United States, 95% of women have tried bubble tea as opposed to 81% of men. Companies in the Industry are Aggressively Expanding their Franchisees to Cater to the Growing Demand. Increased demand for bubble tea has been fuelled by pearl milk tea, which is becoming increasingly popular as one of the healthier alternatives to carbonated beverages. But in case you dont Its tea served with a giant chewy ball of tapioca at the bottom of the cup. USD 1,195. One such brand riding that success locally is Chatime, a Taiwanese-founded bubble tea business which chose Australia as its first-ever Western market almost 10 years ago in 2009.