Bubble tea has become a popular beverage around the world, with its global market estimated to be valued at $2.4 billion in 2019 and projected to reach $3.49 billion by 2027. The Asia Pacific region dominated the bubble tea market with 57.4% of total share in 2019, while China had 64,600 bubble tea shops that same year. Fruit flavor was the most popular type of bubble tea accounting for 38.2% of overall market share in 2021 and is expected to be the fastest-growing segment between 2021-2027 as well.
In terms of consumption statistics, 40% of US customers are aged 18-24 years old; 70% choose tapioca pearls as their topping; 25000 stores are predicted by 2022; 58.9 % European respondents drink it once a month or more often; 880 annual growth rate is forecasted for Australia over 5 years period (2021–2026); 62 % female consumers from USA prefer this beverage ; 205 million USD size will have US Bubble Tea Market till 2027 ; 17 percent increase happened during 2018 -2019 among UK’s store numbers , 9 .5 percent held Yi Dian Dian brand on Chinese markets since 2018 and 73 per cent Canadians consume it occasionally or several times weekly . Chatime opened 2500 stores across 38 countries since 2005 .
These facts demonstrate how much people enjoy drinking bubble teas all over the globe.
This statistic is a testament to the immense popularity of bubble tea around the world. It shows that bubble tea has become a staple in many people’s lives, with the market being valued at an impressive $2.4 billion. This figure is a clear indication of the growing demand for bubble tea, and the potential for further growth in the future.
Bubble tea had a CAGR of 7.8% from 2015-2020.
This statistic is a testament to the growing popularity of bubble tea over the past five years. It shows that the demand for bubble tea has been steadily increasing, indicating that it is becoming a more popular beverage choice. This is an important statistic to consider when discussing bubble tea consumption statistics, as it provides insight into the current and future trends of the beverage.
Bubble Tea Consumption Statistics Overview
The bubble tea market is projected to reach $3.49 billion by 2027.
This statistic is a testament to the growing popularity of bubble tea, indicating that the market is expected to experience a significant surge in the coming years. It is a clear indication that bubble tea consumption is on the rise, and this is an important factor to consider when discussing bubble tea consumption statistics.
The Asia Pacific region dominated the bubble tea market with a share of 57.4% in 2019.
This statistic is a testament to the immense popularity of bubble tea in the Asia Pacific region. It highlights the fact that the region is the largest consumer of bubble tea, accounting for more than half of the global market share. This is an important point to consider when discussing bubble tea consumption statistics, as it provides insight into the regional preferences and consumption habits of bubble tea drinkers.
By 2022, it’s estimated that there will be over 25,000 bubble tea shops in the United States.
This statistic is indicative of the growing popularity of bubble tea in the United States. It shows that the demand for bubble tea is increasing, and that more and more people are turning to bubble tea as a refreshing and tasty beverage. This is an important statistic to consider when discussing bubble tea consumption statistics, as it provides insight into the current and future state of the bubble tea industry.
The most popular bubble tea topping is tapioca pearls, with 70% of consumers choosing them.
This statistic is a telling indication of the preferences of bubble tea consumers. It shows that the majority of people who enjoy bubble tea opt for tapioca pearls as their topping of choice. This information is invaluable when it comes to understanding the habits of bubble tea drinkers and can be used to inform decisions about what types of bubble tea to offer and how to market them.
There are more than 200 bubble tea brands in Taiwan.
This statistic is a testament to the immense popularity of bubble tea in Taiwan. It speaks to the sheer number of brands that have been created to meet the demand for this beloved beverage. It also shows that bubble tea is a major part of the Taiwanese culture, with so many brands available to choose from. This statistic is a powerful indicator of the impact bubble tea has had on the country and its people.
In a survey, 58.9% of European bubble tea market respondents drank bubble tea at least once a month.
This statistic is a telling indication of the popularity of bubble tea among Europeans. It shows that a majority of respondents in the survey are regular consumers of bubble tea, suggesting that bubble tea is a widely enjoyed beverage in the region. This statistic is an important piece of evidence in the blog post about Bubble Tea Consumption Statistics, as it provides a snapshot of the current state of bubble tea consumption in Europe.
The bubble tea industry in Australia is expected to grow at an annualized 8.8% in the next five years.
This statistic is a testament to the increasing popularity of bubble tea in Australia, indicating that the industry is likely to experience a surge in growth over the next five years. This is an important piece of information for anyone interested in the bubble tea industry, as it provides insight into the potential for future success.
In 2019, South Korea imported over 5,900 tons of tapioca pearls.
This statistic is indicative of the growing popularity of bubble tea in South Korea. The sheer volume of tapioca pearls imported in 2019 shows that bubble tea consumption is on the rise in the country, and that it is becoming an increasingly popular beverage.
Around 62% of bubble tea consumers in the United States are female.
This statistic is significant in understanding the demographics of bubble tea consumption in the United States. It reveals that the majority of bubble tea drinkers are female, indicating that the beverage is particularly popular among this demographic. This information can be used to inform marketing strategies and target potential customers. Additionally, it can be used to explore the reasons why bubble tea is so popular among women, such as its taste, convenience, or health benefits.
The United States bubble tea market size is expected to reach $205.6 million by 2027.
This statistic is a testament to the growing popularity of bubble tea in the United States. It shows that the market size for bubble tea is expected to more than double in the next seven years, indicating that more and more people are discovering the deliciousness of bubble tea and making it a part of their daily lives. This is an exciting development for bubble tea lovers everywhere.
In the UK, there was a 17% rise in the number of bubble tea stores from 2018 to 2019.
This statistic is indicative of the growing popularity of bubble tea in the UK. It shows that more and more people are discovering the unique flavor and texture of bubble tea, and that the demand for it is increasing. This is an important statistic to consider when discussing bubble tea consumption statistics, as it demonstrates the potential for further growth in the industry.
As of 2018, China Minn. Tea (Yi Dian Dian) held the largest market share among bubble tea brands in China with 9.5%.
This statistic is significant in the context of a blog post about Bubble Tea Consumption Statistics because it provides a clear indication of the current market leader in the Chinese bubble tea industry. It demonstrates that China Minn. Tea (Yi Dian Dian) is the most popular brand among consumers, and that it has a strong foothold in the market. This information can be used to inform decisions about marketing strategies, product development, and other business decisions.
In a survey in Canada, 73% of respondents drink bubble tea occasionally, and 8% drink it several times a week.
This statistic is a telling indication of the popularity of bubble tea in Canada. It shows that a large majority of respondents enjoy bubble tea on a regular basis, with 8% drinking it several times a week. This is a clear sign that bubble tea is a beloved beverage in Canada, and a great topic for a blog post about bubble tea consumption statistics.
Conclusion
The global bubble tea market is growing rapidly, with the industry valued at around $2.4 billion in 2019 and projected to reach $3.49 billion by 2027. The Asia Pacific region dominates the market share with 57.4%, while China had 64,600 bubble tea shops in 2019 alone. Fruit flavor bubble teas are most popular among consumers, accounting for 38.2% of overall sales in 2021; tapioca pearls remain a favorite topping choice as well, chosen by 70% of customers worldwide. Bubble tea consumption has also been on the rise across Europe and North America – particularly amongst young adults aged 18-24 – leading to an estimated 25,000 stores opening up within the United States by 2022 and 17% growth rate for UK stores from 2018-2019 respectively . With over 200 brands available in Taiwan and Chatime having opened 2,500 stores since 2005 , it’s clear that this trend isn’t going anywhere anytime soon.
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