We dont recommend anyone making it a daily indulgence. 7. Retrieved from NewspaperSG.2. Countries in North America are gradually increasing the consumption of this tea owing to the growing popularity of tea-based drinks. Bubble tea is a popular drink among Singaporeans, and consists of a sweet flavored tea base and tapioca pearls, or "bubbles". 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 industry shows no signs of slowing down, and in fact, appears to be growing exponentially with every passing year. "Number of bubble tea outlets in Singapore in 2019, by brand." 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. Virtually any fruit that you can think of can be enjoyed in a bubble tea drink. 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. . With globalization, new trends have started striking the food service market, thereby influencing the young generation to try new beverages. Bubble tea is drunk by millions of people around the world every single day, even in countries that you might not expect! Many Thai people drink bubble tea daily, and in many cases may drink multiple cups per day. 2. Retrieved from NewspaperSG.15. South America is anticipated to grow in terms of sales volume of the products in the coming years. 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. 2023 Allied Market Research. (1992, May 27). The beverage has experienced a few resurgences in popularity, such as in 2007 and 2011.11 There were more than 10 chains and 500 outlets selling bubble tea in 2011. To use individual functions (e.g., mark statistics as favourites, set 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! Business Solutions including all features. Bubble Tea Market Size, Share, Growth, Sales | Forecast, 2027 Nonetheless, the tapioca balls are hard for elderly people to digest and can cause indigestion. The increase in bubble tea shops led to intense competition and price wars.9 Slashed prices, one-for-one offers and even lucky draw promotions were used to entice customers. Statista. 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 .
bubble tea popularity statistics singapore