Global Milk Tea
Market Report
2024
Global Milk Tea market size was USD 2.36 Billion in 2022. Milk Tea Industry's Compound Annual Growth Rate will be 7.2% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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Global Milk Tea market size was USD 2.36 Billion in 2022. Milk Tea Industry's Compound Annual Growth Rate will be 7.2% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Milk Tea Market Sales Revenue 2022 | $ 2.36 Billion |
Global Milk Tea Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.2% |
Market Split by Herb Type |
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Market Split by End User |
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Market Split by Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Milk Tea Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Milk tea is a beverage that combines tea with milk and sweeteners. It is a popular drink that originated in Taiwan and has gained popularity worldwide. Milk tea is typically made using black tea as a base, although other types of tea such as green tea or oolong tea can be used as well. The tea is brewed and then mixed with milk and sweeteners to create a creamy and flavorful beverage.
The choice of milk in milk tea can vary. Traditionally, evaporated milk or condensed milk was used, but nowadays, fresh milk, whole milk, soy milk, almond milk, or non-dairy creamers are commonly used as alternatives. The type of milk used can impact the taste and texture of the milk tea.
Sweeteners are added to milk tea to enhance its flavor. Sugar is the most common sweetener, but other options like syrup, honey, or flavored powders such as matcha or taro powder can be used. The amount of sweetener added can be adjusted according to personal taste preferences.
In addition to tea and milk, milk tea often includes various toppings to provide texture and additional flavors. The most well-known topping is tapioca pearls, also known as boba, which are small, chewy balls made from tapioca starch. Other toppings can include fruit jellies, grass jelly, aloe vera, pudding, or popping boba (fruit juice-filled balls that burst in the mouth). These toppings add a unique element to the beverage and are often enjoyed alongside sipping the tea.
Milk tea can be served hot or cold, but the popular trend is to serve it chilled with ice. It is typically served in a clear plastic cup with a wide straw, allowing for easy enjoyment of both the tea and the toppings. The combination of tea, milk, sweeteners, and toppings creates a flavorful and indulgent beverage that is loved by many tea enthusiasts and people looking for a refreshing treat.
In recent year work stress and CVDs are on the rise due to the intensification of work, a sedentary lifestyle, economic uncertainty, and others. The expectations and rivalry in the workplace have risen as a result of globalization and technological development. Increased employment demands, longer workweeks, and increased production expectations have been observed across several industries. High levels of work-related stress can be attributed to the pressure to meet deadlines, fulfill goals, and manage excessive workloads.
Furthermore, due to desk work, extended sitting, and increasing screen time, modern lives have grown more sedentary. An increased risk of acquiring obesity is linked to inadequate physical activity and bad lifestyle choices, such as improper food, insufficient exercise, and insufficient sleep. For instance, according to World Health Organization, more than 1 billion people worldwide are obese – 650 million adults, 340 million adolescents, and 39 million children. Further, according to WHO estimates that by 2025, approximately 167 million people adults and children will become less healthy because they are overweight or obese.
It has been demonstrated that drinking milk tea has a stress-relieving effect. A cup of milk tea can effectively lower stress levels and uplift mood as stress and anxiety have become ingrained in human life. This might be attributed to L-theanine, a compound found in both milk tea that promotes serenity and improved focus by increasing alpha brain wave activity, which takes place during activities like daydreaming, meditation, and mindfulness practice.
Due to the phytochemicals included in tea, drinking it has also been linked to having stronger bones and a decreased risk of getting arthritis. Milk Tea contains flavonoids that may help to maintain bone density, and a dash of milk increases this advantage. Milk is a great source of absorbable calcium, which increases bone density and lowers the chance of fractures. Additionally, it includes vitamin D, which helps the body absorb calcium more effectively and is essential for avoiding issues with the bones. Catechins, a type of flavonoid present in tea, may aid weight loss by increasing metabolic rate and facilitating the faster breakdown of fats in the body. Moreover, the caffeine found in milk teas can boost energy levels, leading to a higher metabolic rate and, consequently, a higher number of calories burned. Thus, the rising incidences of work stress and obesity are anticipated to boost the milk tea market demand.
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Lollicup is a USA-based food and beverage company that was established in 2000. The Lollicup serves drinks and food products. The drink segment includes products such as milked tea, flavored tea, slush, smoothie, and coffee. The company offers different varieties of foods such as beef noodle soup, popcorn chicken rice bowl, crispy fish rice bowl, crispy tofu rice bowl, flavored French fries, French fries, peppers with cream cheese, monster fries, spring rolls, and dumplings, Taiwanese sausages, etc. In milk tea, Lollicup offers different flavors such as Thai tea signature, white peach green milk tea, taro milk tea, horchata milk tea, roasted brown sugar boba tea, Thai tea, almond milk tea, honeydew milk tea, jasmine green milk tea, lavender milk tea, matcha milk tea, and rose milk tea.
Top Companies Market Share in Milk Tea Industry: (In no particular order of Rank)
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Based on region, Asia-pacific is dominating the milk tea market in terms of revenue market share throughout the forecast period. This is due to increasing tea production in Asian countries such as India, Vietnam, China, Indonesia, and others. Increasing disposable income, increasing awareness about healthy eating habits, and increasing consumer preference for natural foods in this region. Milk tea offers a unique and refreshing alternative to traditional tea. Furthermore, rising health complications like obesity and diabetes amongst the enlarging old-age population. This is anticipated to drive the growth of the milk tea market in this region.
The current report Scope analyzes Milk Tea Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Milk Tea Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Milk Tea Industry growth. Milk Tea market has been segmented with the help of its Herb Type, End User Type, and others. Milk Tea market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on the herb type, the cardamom segment is dominating the milk tea market. This is attributed to Cardamom is a well-known spice and is the essential ingredient in tea. Cardamom tea is an herbal tea made by infusing seeds or cardamom pods in hot water. Its health benefits include combating bad breath and soothing irritable bowel syndrome. Additionally, drinking cardamom tea may help maintain a healthy weight and improve weight loss results. This is help to improve health and it has antibacterial properties. Cardamom has neutralized bacteria that cause bad breath and prevents the buildup of plaque and the development of caries. Furthermore, cardamom tea also contains dietary fiber and vitamins and minerals that can boost the immune system. It boasts anti-inflammatory properties that may help lower blood pressure and decrease inflammation that can cause a sore throat. These all factors affect the growth of this segment in the milk tea market.
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This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Milk Tea from 2019 to 2031. This will also help to analyze the demand for Milk Tea across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key End User of Milk Tea are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
Nisha Deore is a highly skilled Research Analyst with over three years of experience specializing in the agriculture and food & beverage sectors. Her expertise encompasses secondary research, data mining, competitive analysis, and the development of detailed collateral and PR materials. Known for her meticulous approach, Nisha designs robust research methodologies and delivers actionable insights that support her organization’s commercial and financial objectives.
In her current role, Nisha manages research for both the agriculture and food & beverage categories, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With a deep passion for both sectors and a commitment to continuous professional development, Nisha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Milk Tea Market is witnessing significant growth in the near future.
In 2023, the Cardamom segment accounted for noticeable share of global Milk Tea Market and is projected to experience significant growth in the near future.
The Households segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Ten Ren’s Tea Time , Gong Cha and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
India's bubbling bubble tea market - trends and innovations for 2024
Disclaimer:
Herb Type | Cardamom, Ginger, Mint, Basil, Thyme, Lavender, Others |
End User | Households, On-trade outlets |
Type | Bubble Tea, Hong Kong Milk Tea, Tea Latte, Thai Iced Tea, Masala Chai, British Milk Tea |
List of Competitors | Ten Ren’s Tea Time, Lollicup USA Inc, Gong Cha, Yen Chuan International Co. Ltd, Sunnysyrup Food Co Ltd, LELECHA, CoCo Fresh Tea & Juice, Happy Lemon, Others |
This chapter will help you gain GLOBAL Market Analysis of Milk Tea. Further deep in this chapter, you will be able to review Global Milk Tea Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Herb Type Analysis 2019 -2031, will provide market size split by Herb Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Herb Type Analysis 2019 -2031
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Chapter 11 Market Split by End User Analysis 2019 -2031
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Chapter 12 Market Split by Type Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Milk Tea market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Cardamom have a significant impact on Milk Tea market? |
What are the key factors affecting the Cardamom and Ginger of Milk Tea Market? |
What is the CAGR/Growth Rate of Households during the forecast period? |
By type, which segment accounted for largest share of the global Milk Tea Market? |
Which region is expected to dominate the global Milk Tea Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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