bubble tea consumption statistics australia
It slowly spread throughout Asia before gaining popularity in the U.S. and across the globe. Moreover, the availability of suitable alternatives, such as unsweetened tea, coconut water, fruit-infused teas, and others, offering similar benefits, hamper the global market growth. Tea stands were set up in front of the schools and would compete for business with the best selling tea. China is one of the prominent regions in the market that accounted for a sizeable share of the total market in 2019. Rising Raw Material and Transportation Cost Due to the Pandemic to Slow Down the Market Growth. The average volume per person in the Tea segment is expected to amount to 0.68kg in 2023. Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. 2016. Save my name and email in this browser for the next time I comment. During the late 1980s and into the 1990s, bubble tea was only consumed in a select few countries including Taiwan, Hong Kong, China, and Japan. Book your free consultation and let our research experts help you with your needs/problems. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. Bubble tea is also known as pearl milk tea. Companies in the Industry are Aggressively Expanding their Franchisees to Cater to the Growing Demand. 7. Victorian Government, Department of Health and Human Services. Although the drink was originally created in Taiwan, its signature ingredient is primarily grown in Nigeria, Thailand, Indonesia, and Brazil. Some specialty shops have menus with smaller sizes and prices as low as $2 to $3 per serving. Moreover, as per researches conducted by different reputed organizations, tea is proven to prevent different type of cancers, lower cholesterol, help boost immunity, facilitate weight loss, and prevent neurological diseases.This indicates that the health benefits associated with bubble tea are anticipated to drive the overall market. 12. The global bubble teamarket holds a substantial scope for growthduring the forecast period. According to the Indian Tea Association 2020, tea price has risen by 25%-40% on an average due to lockdown in the tea growing regions, leading to a drop in crop size along with disruptions in transportation and logistics. The global market for organic tea is showcasing strong growth principally because of the growing knowledge regarding safer counterparts of organic products among consumers. Nigeria, specifically, has become a hub for cassava production. The price per unit in the out-of-home market always references the total price over the amount of tea consumed, regardless of the other components of the finished beverage. The market is projected to grow from USD 2.29 billion in 2022 to USD 3.78 billion by 2029, exhibiting a CAGR of 7.40% during the forecast period. This can be attributed to the availability of various options such as combination of various liquid flavors and syrups. Girls and women are the primary demographic among bubble tea drinkers, with 95% having tried it. Now, there are bubble tea shops everywhere, and many companies have started to offer other bubble tea treats in the form of desserts to expand the marketplace. The option to customize your bubble tea, availability at most cafes, restaurants, convenience, and grocery stores as well as the variety offered has contributed to the market growth. In its latest report, FMI offers an unbiased analysis of the global bubble tea, providing historical data from 2016 to 2020 and forecast statistics for the period 2021-to 2031. Bubble tea is a drink made from tea (usually black tea), milk, syrup, and a special ingredient that captivates the hearts of Chinese people: tapioca pearls. Tea is considered the second most popular drink of choice worldwide. Quick Facts. | Source: An average, medium-sized serving of bubble tea has, on average, 335 calories. Businesses that sell bubble tea (including those that serve other drinks, such as coffee and smoothies) face a lot of competition since there are many places where customers can find the same drink. Almost overnight bubble tea shops popped up around the world in multiple countries that had never had an interest in it before. About | Privacy Policy |Contact | Advertise | Support. With 250 different flavors, it makes sense that there would be different bases to the teas. 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 growth. Australia . The green tea segment was the highest contributor to the market, with $16,362 million in 2019, and is estimated to reach $26,110 million by 2027, at a CAGR of 9.8% during the forecast period. Bubble teas distinct flavor, easy product availability, and numerous varieties offered will help the market to flourish. It's common for bubble tea brands to include "cha" in their names, which means "tea" in Chinese. Market size and forecast, by Base Ingredient, 2020-2028 7.3.9.2. 9. The market value of the bubble tea market is anticipated to reach a high of US$ 5.82 billion by the year 2032. Worldwide Tea Statistics. In 2014, over 77% of the tea brewed in the United States was prepared using tea bags. Synthetic Food Colors Market Outlook: The global synthetic food colors market size is estimated to be valued at US$ 590 Mn in 2022 and is further expected to grow at a CAGR of 6% between 2022 and 2032, surpassing a valuation of US$ 1,066 Mn by the end of 2032. One kilogram therefore represents 500 cup equivalents. The bright colors and availability of sweet and fruity flavors especially appeal to children . A. Reduced sugar/ sugar-free bubble tea will gain traction over the assessment period. 1 2 3 8. You can find bubble tea in these countries if youre traveling the world: Taiwan, Japan, South Korea, China, United Kingdom, Australia, Canada, United States, Germany, Mauritius, South Africa, Brazil, and more! At the end of the day, its not much worse than an occasional soda would be for the average person, but its important to remember to only have bubble tea once in a while. Need to talk to an expert? Presently, themarket is moving toward growing stage and is expected to garner steady growth in major markets, which include the U.S., Germany, China, India, and Brazil. The growing interest of consumers in innovative beverages with bold flavors and their willingness to experiment with various flavors is captivating the consumers attention, which contributes to fueling the market growth. By region, North America was the most prominent regional market in 2019. These drinks are made with milk tea and tapioca pearls (to make the bubbles), which contain a lot of natural sugar. Over of the bubble tea enjoyed around the world is fruit-flavored. The bubble tea market was valued at $2.4 billion in 2019 and is estimated to reach $4.3 billion by 2027, registering a CAGR of 7.80% from 2020 to 2027. Green tea has shown long-term energy inducing properties and has a positive effect on the regulation of body weight. The specialty of milk tea is growing due to its ease of customization with various tea bases and toppings such as jellies, fruit bits, syrups, and tapioca balls. Awareness about health issues and their relation to meat consumption has resulted in a shift towards vegan and plant-based diets. Clicking on the following button will update the content below. info@pearllemongroup.com. There are 250 different flavors of bubble tea. Because of its proximity to Taiwan, where bubble tea was created, China quickly became a fan of the sweet beverage. Ready-to-Drink variants are instead aggregated into the segment Ready-to-Drink (RTD) Tea in the Non-Alcoholic Drinks market. This is for a full-sugar serving that contains 60 g of sugar. The 30 Tea Drinkers vs. Coffee Drinkers Statistics. This segment does not include herbal tea, instant tea, iced tea or similar tea-derived Ready-to-Drink beverages. Quinoline Yellow WS Market Analysis: The global quinoline yellow WS (water soluble) market is projected to reach a valuation of US$ 28.5 Mn in 2022, growing at a CAGR of 3.9% between 2022-2032. Consumption of black tea is highly promoted due to its strong antioxidant, anti-aging, and anti-diabetic properties. Furthermore, there has been an increase in boba stores in the U.S. and Canada, owing to the shift in consumer preferences toward no andlow-alcohol beverages, which has further contributed to the market growth. And if you have a sweet tooth, its SO GOOD. Table I : Prevalence1 of Bubble Tea Consumption among Students in University of Cyberjaya according to Sociodemographic Descriptions Sociodemographic description Bubble tea consumption Consume, n (%) Do not consume, n (%) Total, n (%) . Green tea. Apart from the variety of flavors available, one of the primary elements fueling the expansion of bubble tea Industry is the health benefits. 11. Consumer Shift toward Healthy Alternatives to Favor Growth. Get a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12310. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. Asia Pacific is expected to dominate the market during the forecast period. A South Australian Health Omnibus Survey (SAHOS) done in 2014 showed that there was a . This was attributed due to rise in the consumption of tea based everages across the world. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. Since our launch, weve worked on more than 1,000 projects for clients around the world. To understand the global market potential, growth, and scope, the market is segmented based on base ingredients (black tea, green tea, oolong tea, white tea, others), flavor (original, flavored (nut-flavored, chocolate, fruit, honey, mocha, caramel, vanilla, coconut), sugar content (regular, reduced sugar/sugar-free) format (ready-to-drink, instant mixes), toppings (pearl, grass jelly, coconut jelly, red bean, multiple/ others), distribution channel (direct (B2B), indirect (B2C) (hypermarket/ supermarket, convenience store, grocery retailers, wholesale, other store-based retailing), online retailing), and region. In this era, the growing consumer preferences for products depend on various factors such as choice of taste, price, brand, and location accessibility. However, the green tea segment is expected to grow at the highest CAGR throughout the forecast period, owing to growth innumber of health conscious consumers worldwide. 297 billion liters of tea were consumed worldwide in 2021. Bubble Tea Market size was estimated at $2.1 billion in 2020, projected to increase at a CAGR of 6.8% during the forecast period 2021-2026. In global comparison, most revenue is generated in China (US$111,800.00m in 2023). Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on thePlant Based Marketthat throws light on potential opportunities andinvestments made in the Global plant based market. Extruding the tapioca into these small balls is difficult work. The market is projected to grow from USD 2.29 billion in 2022 to USD 3.78 billion by 2029, exhibiting a CAGR of 7.40% during the forecast period. The rise in online food delivery (OFD) applications has increased access to a myriad of ready-to-eat options, which may lead to unhealthier food choices. This cross-sectional study investigated the association between bubble tea consumption and symptoms of anxiety and depression in a population-based sample. What are the key factors driving the market? 7.1% consumed diet drinks daily. Also, due to the strong dependency on Asian countries to source raw materials, such as tapioca balls, from Taiwan, it hinders the production process and impacts their overall operations. This beverage has undergone a few waves of popularity in Singapore. Strong dependency on Asian countries to source raw materials acts as one of the major restraints in the market. Were guessing you already know what bubble tea is. Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. Bubble tea is known for its sweet taste. 15. By flavor, the market is classified into coffee, fruit, chocolate, original, and others. Future Market Insights Global and Consulting Pvt. Bubble tea is drunk by millions of people around the world every single day, even in countries that you might not expect! Ltd. https://www.futuremarketinsights.com/reports/sample/rep-gb-12310, https://www.futuremarketinsights.com/customization-available/rep-gb-12310, https://www.futuremarketinsights.com/checkout/12310, https://www.futuremarketinsights.com/ask-question/rep-gb-12310, https://www.futuremarketinsights.com/reports/bubble-tea-market, https://www.futuremarketinsights.com/reports, Ready to Drink Shakes Market Outlook (2022-2032). Based on bubble tea market forecast, the liquid component was the most prominent segment accounting for the highest share in the bubble tea market. Bubble tea has been gaining traction in emerging markets, owing to rise in its popularity.Furthermore, growth in health consciousness and increase in adoption of healthy beverages such as green tea, black tea, oolong tea, and white tea among consumers drive the market growth. These latest product ranges further act as a marketing strategy to attract a vast consumer base worldwide. CXOs from the leading companies perceive that product innovation, development of newer flavor, and use of organic preservatives & color in the manufacturing process are the major areas of growth for the bubble tea market. BBT Club is Australia's leading DIY bubble tea company for anywhere and anytime. Most other Southeastern Asian countries drink three cups monthly on average. Bubble Tea originated in Taiwan in the early 1980's at a small tea stand. According to a study published in the National Library of Medicine, 2022, chewing tapioca pearls can increase the salivary C-protein (CRP) and calcium (Ca) levels. Moreover, higher expenditure of consumers on healthy beverages adds to the popularity of bubble tea in theregion. One cup of tea is assumed to contain 2 grams of tea. The types include milk tea, black tea, fresh fruit tea, smoothies or milkshakes, fresh milk, and salted cream. A. The consumption of bubble milk tea also improves the balance of vitamins and minerals in the human body due to the presence of various inclusions such as yogurt, cream, fruit bits, and others. Teenagers and people in their 20s consistently account for the highest consumer percentage of bubble teas. bubble tea popularity statistics singapore; how many bubble tea brands in singapore; Bubble Tea Popularity Statistics Singapore . Bubble Tea Popularity Statistics Singapore; by palmebre Published: July 20, 2021 (2 days ago) Category. Based on the base ingredient, green tea will lead the market growth over the forecast period. Data at LGA level is also presented. According to the recent report by FMI, based on base ingredient type, the green tea segment is expected to dominate the market over the forecast period. It is expected to be the fastest growing segment owing to consumers' inclination towards the convenience offered. Cook for about 20 minutes. A 16 oz serving of bubble tea contains 38 grams of sugar, which is 76% of the recommended daily value. In addition, the growing gastronomic tourism, rising number of health-conscious individuals, and increased social media influences further paved the way toward growing potential. But the most important thing to love is that its a beverage category that has grown by leaps and bounds over the past ten years or so, with seemingly no end in sight. Statista. Jan 2023. Future Market Insights Global and Consulting Pvt. With 38 grams per 16oz beverage, bubble tea should be enjoyed in moderation. In 2016, 19.4 per cent of The size of the global Bubble Tea Market in 2019 was $2,407.6 million. What may surprise you though is the amount of sugar! The global Bubble Tea Market is expected to $4,368.6 million in 2027. Future Market Insights Inc.Christiana Corporate,200 Continental Drive,Suite 401, Newark,Delaware - 19713, USAT: +1-845-579-5705Report: https://www.futuremarketinsights.com/reports/bubble-tea-marketFor Sales Enquiries: sales@futuremarketinsights.comBrowse all Reports: https://www.futuremarketinsights.com/reportsLinkedIn|Twitter|Blogs. The chocolate segment is projected to have the fastest growth in the coming years due to increasing demand for chocolate-based drinks from every age group. Rising number of fitness conscious consumers and rising demand for tea based beverages in youth generation across the globe is the current trend in the global bubble tea market.. A. Europe and LAMEA will provide more business opportunities for Bubble Tea Market in coming years. To get the sample of bubble tea market report, click on the link (Please paste the link here). The bubble tea market in Thailand is predicted to register an 8.7% CAGR. Bubble tea (also known as pearl milk tea, bubble milk tea, boba juice, boba tea, or simply boba) is a Taiwanese tea-based drink invented in Tainan and Taichung in the 1980s. Bubble tea is a sweet, delicious drink typically made from a tea base that is then mixed with either milk or fruit flavoring. Thank you for requesting a call back, our sales representative will get in touch with you shortly! Rinse, drain, and refrigerate until chilled. Tea is an aromatic beverage derived . The Market for Bubble Tea in North America to be the Most Dominant & Fastest Growing. Europe also witnessed growth in the pearl milk tea market around the same time as other Asian countries. Keep reading to discover everything weve uncovered about bubble tea. As more and more countries discover the delicacy that is bubble tea, these figures are sure to continue growing. This can be attributed to change in preference of consumers toward healthy beverages and better taste. Based on our analysis, the global market exhibited a slower growth of 2.76% in 2020 as compared to 2019. Toss in the pearl tapioca. In 2019, tea revenue globally is about US$214,761m and is expected to grow each year by 6.9% until 2023. About 200 million pounds of tea leaves (bagged & loose) are shipped into the United This is a list of countries ordered by annual per capita consumption of tea, as of 2016. Press release from: Analytics Market Research. It also offers a detailed analysis of the market size and growth rate for all possible market segments. The price for bubble tea depends on where you get it. For instance, in September 2021, Dubai witnessed the opening of various new tea outlets serving bubble tea across the country. Studies showed that green tea-based milk tea is proven to be beneficial for lowering blood pressure and the risk of cancer. The key players in the industry receiving high levels of popularity and response from customers are franchising their businesses into different locations. In the Philippines alone, orders increased by 3,500 percent from June to December 2018. In addition, the companies are focusing on the growing incidences of lactose intolerance, and thus are working toward introducing lactose-free bubble milk tea options for individuals. There are many teas, they can vary in . When you look at the marketing for bubble tea, the numbers make sense. The global bubble tea market size was USD 2.1 billion in 2019 and is expected to register a compounded annual growth rate (CAGR) of 8.9% from 2020 to 2027. Graph. India and Australia will lock horns in the Third Test of the ongoing Border-Gavaskar Trophy at Indore's Holkar Cricket Stadium from March 1 onwards. Australia: 0.75 kg (1.65 lb) 17 Art & Craft. Bubble tea truly is an international drink! The global COVID-19 pandemic has been unprecedented and staggering, with bubble tea experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. Over 90% of the tea consumed is Black Tea, about 5% Green Tea, 1% Oolong Tea and the balance flavored, scented, or mixed teas. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. 12. Methods: Self-report questionnaires were used to assess bubble tea consumption and mental status. Health beneficial attributes such as low-fat, low-calorie content, and presence of anti-inflammatory properties are the key driving factors of the market. The two businesses are known for their zingy fruit tea drinks. The Asia Pacific market held the largest share and was valued at USD 0.90 billion in 2021. Fruit Flavor Segment is Dominating Backed by High Consumer Preference. Although people of all ages frequently enjoy bubble teas across the globe, younger people tend to drink them more frequently. Italy's economy contracted by 0.1 per centquarter-on-quarter in the final three months (Q4) of last year, thecountry's National Institute of Statistics (ISTAT) said.On a year-on-year basis, gross domestic product (GDP) in the quarterincreased by 1.4 per cent, against the originally estimated 1.7 percent, reports Xinhua news agency citing ISTAT . Thank you for contacting us, our sales representative will get in touch with you shortly! The other players operating in the global bubble tea market are Bubble Tea Supply Inc., ChaTime, CoCo Fresh, Quickly, Kung Fu Tea, BobaLoca, Happylemon, Share Tea, T Bun International, Fanale Drinks, Grand Chainly, and Huey-Yuhe Enterprise. The Tea segment in Australia is projected to grow by 2.61% (2023-2025) resulting in a market volume of US$1.47bn in 2025. . Moreover, rise in consumption of flavored bubble tea in young generation fuels thebubble tea market growth. European countries are just starting to understand the bubble tea craze, and with new dessert products in the making, the only way for this industry to go is up. Using new techniques such as molecular nitrogenation also adds innovation to the traditional recipe, thus further opening numerous opportunities for the market to bolster growth. And if youre looking for all the facts and figures that back up our claim, you have this blog post. Published. The report was very accurate and as per my requirements. Who are the leading players in the market? It should be no surprise then that sugar is a primary ingredient in the drink. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes. We are happy to help. Among participants, 647 (88%) consumed less . For instance, in September 2020, Chen Shucheng started a new bubble milk tea franchise in Singapore called Meme Xpress. Lycopene Food Colors Market Growth: The overall demand for lycopene food colors is slated to grow at a prolific CAGR of 10.7% during the forecast 2022-2032, totaling US$ 257 Mn by 2032. The U.S. market is anticipated to register a prolific CAGR of 12.4% over the forecast period. The boba tea trend continued to soar in its originating region and later spread its attractiveness in other western countries, such as Canada and the U.K., and is now considered a mainstay due to its unique formulation. Bubble Tea Market Outlook (2022-2032) [324 Pages Report] The global bubble tea market is projected to have a rapid-paced CAGR of 8.8% during the forecast period. The demand for bubble tea is predicted to grow at an impressive rate. (World Atlas)3.The USA ranks 11th among the countries with the highest caffeine consumption, with a rate of 200 mg per person per day. Interesting Facts. Moreover, increase in disposable income and economic growth in advanced & emerging economies support the market growth. Statista. Whether youre feeling something sweet, fruity, and refreshing, something soothing and tea-like, or a slushy smoothie like-drink, bubble tea has you covered. All Rights Reserved. For example, according to . Elementary school children would look forward to buying a cup of refreshing tea after a long, hard day of work and play. Another user, Yilian Fengyue Xian, said she had bought four cups of bubble tea after 76 days of being under lockdown in what she called "revenge bubble tea drinking". Bubble Tea Consumption Statistics (2017-2021) Vs Market Estimations (2022-2032) During 2017-2021, the global bubble tea target market expanded at a value CAGR of 6.3%.. As more and more consumers become aware of the negative effects of sugar consumption, the sugar-free or reduced sugar segment of bubble tea is expected to gain popularity. 4. The global bubble tea market size was valued at USD 2.17 billion in 2021. 10. Pour tea, milk, and 4 teaspoons sugar into a cocktail shaker. USD 1,195. Coffee and tea are the most consumed as well as socially accepted nootropic beverages across the world, and many consumers are highly dependent on such caffeinated drinks before starting their day. Tapioca balls or "pearls" are often added to the concoction as well. Emerging countries such as China, India and Brazil growing with the CAGR of 8%, 9.5%, and 8.3% respectively. Apart from this, coffee flavor is also anticipated to hold a strong market share in the forecast period owing to the escalated demand for coffee as a healthy beverage. A. Thailand will emerge as a lucrative market over the forecast period with a CAGR of 8.7%. We selected the top 40 popular menu items from three of the most commonly used OFD applications in 2021. 17 Aug 2022 12:37PM (Updated: 17 Aug 2022 06:16PM) SINGAPORE: Bubble tea lovers in Southeast Asia spend US$3.66 billion a year on the beverage and similar "new tea" drinks, with Singapore . With shops all around the world in many major cities, its easy to indulge your bubble tea craving when you want to! It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years. As per the report, sales will increase at a 4.2% CAGR over the forecast period, reaching US$ 354.6 Mn by 2032. Originating in Taiwan, the drink typically consists of tea, milk/cream, and sugar accompanied by tapioca pearls. In fact, tea was aboard the First Fleet in 1788. But did you know that there are six different types of bubble tea? 5. Porters five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplierbuyer network. More people are discovering and enjoying bubble tea every year, however, so these figures may soon change as people age and continue to enjoy their favorite drink. Tea in Kenya. For instance, in August 2021, according to a study by the Business Times Newspaper, Southeast Asia spent around USD 3.7 billion on launching milk tea and other similar new drinks, owing to the ever-growing demand from youth. Heycha and Yicha both have similar-sounding names and include refreshing fruit teas as part of their star offerings. Tea is a beverage made by pouring hot water over cured leaves. In 2018, there were over 450,000 shops selling bubble tea in China. Among various flavors, fruit flavor is more popular, and this segment dominated the market in 2019. 10. How much is the global bubble tea market worth? 01 The first bubble tea came out in the early 1980s. In 2020, China dominated the tea market with 78.7 billion US dollars of revenue. Its not just the sugar that gives these drinks their sweetness, though; many restaurants also add sweeteners to them. According to the CXOs, Europe is projected to register significant growth as compared to Asia-Pacific and North America due to rapid urbanization, rise in consumption of healthy beverages, and low price of bubble tea. Availability of a Wide Range of Products for Enticing Younger Generation to Boost Growth. Your email address will not be published. Moreover, countries such as Japan, China, the U.S., and Canada are the major consumers of pearl milk tea, and have also experienced a slight dip in their growth due to hindrances in production as well as supply chains during the year 2020-21. Bubble tea first appeared in Thailand ten years ago, but since has gone out of market trend, staged a strong comeback, and established itself in the region. The ICC World Test Championship final will be played in The Oval, London from June 7 to 11, where the conditions are pacer-friendly. 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. Virtually any flavor that you can imagine exists with bubble tea. If youre looking for a sweet, refreshing drink that doesnt compromise on flavor or quality, bubble tea is the answer. It looks like the bubble tea craze isn't going anywhere soonat least, according to GrabFood data that states bubble tea orders in Southeast Asia saw a 3,000 percent growth rate in 2018. The Bubble Tea Club Kit has everything you need to make delicious homemade bubble tea. While bubble tea is enjoyed by people of all ages, it tends to be a global favorite among younger people. Chewy tapioca balls or different flavored jellies are then added to give bubble tea the fun, chewy texture that it is known for! By 2025, 70% of spending and 10% of volume consumption in the Tea . Additionally, due to Australia's climate, tea is able to be grown and produced in northern Australia. Various key insights presented in the report are an overview of related markets, competitive landscape, recent industry developments such as mergers & acquisitions, regulatory scenario in critical countries, and key bubble tea industry trends. 3. For one, there are all of the sweet flavors and fun combinations of ingredients you can get. 13. 12 Consumption and Demand Forecast 12.1 Global Forecasted Demand Analysis of Deep Vein Thrombosis (DVT) Therapy 13 Forecast by Type and by Application (2023-2028) 13.1 Global Production, Revenue .