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. On the contrary, introduction of various new flavors and blends and high demand among young population for a variety of teas are expected to provide lucrative opportunities for the market expansion.The bubble tea market has been segmented on the basis of on base ingredient, flavors, component, and region. 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. The region is witnessing a cross-cultural food consumption trend, and the growing health and wellness approach is also expected to boost the growth. 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. 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. Until 2025, the tea market in Philippines is forecast to reach 109.79 million USD (in retail prices), thus increasing at a CAGR of 6.70% per annum for the period 2020-2025. Moreover, European and other Scandinavian countries are prominent followers of tea and coffee cultures, and thus are keenly interested in experimenting with new types of fruity flavors, herbal, and pearl milk teas. Tea Statistics | Consumption & 2023 Industry Data - Your Best Digs Asia Pacific Bubble Tea Market Size, 2021 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. 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. If youre looking for a sweet, refreshing drink that doesnt compromise on flavor or quality, bubble tea is the answer. Some specialty shops have menus with smaller sizes and prices as low as $2 to $3 per serving. Frustrated customers have to remember that the tapioca balls arent just an inexpensive filler; theyre an integral part of what makes bubble tea unique and fun. By the toppings segment, pearls are anticipated to grow at a prolific CAGR of 10.3% with more than 35% of the global market share. Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-12310, Explore FMIs Extensive Coverage on Food and Beverage Domain. The bubble tea industry is expected to reach $3.39 billion by 2027. China is projected to exhibit a 7.5% CAGR. 15 Tea Statistics and Facts to Know in 2023: Fascinating Data! Bubble Tea Market Size By 2028 | Business Strategies - Research dive Pour into a glass, and add tapioca. Due to widespread popularity and prevailing trends as well as the presence of many bubble tea manufacturers in this region, the bubble tea market in China is expected to continue to flourish over the forecast period. Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. What may surprise you though is the amount of sugar! Since our launch, weve worked on more than 1,000 projects for clients around the world. After decades of slowly increasing in popularity, the big bubble tea boom happened in 2018. In the United States, 95% of women have tried bubble tea versus 81% of males. In the United States, 95% of women have tried bubble tea as opposed to 81% of men. Thank you for requesting a call back, our sales representative will get in touch with you shortly! According to a recent consumer study, 94% of people between ages 20 and 29 have purchased bubble tea within the last 3 months. Jan 2023. 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". 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. Australia . Bubble tea got its name from the tapioca balls because when theyre added to the drink and shaken, the balls expand and pop, creating a popping soundor bubbling.. Bubble teas growing appeal to a younger demographic coupled with its popularity as a nootropic beverage will likely supplement the sales of the tea in the market over the forecast period, says an FMI analyst. 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 is projected to grow from $2.29 billion in 2022 to $3.78 billion by 2029, at a CAGR of 7.40% in the forecast period, 2022-2029, 2020 Fortune Business Insights . So, if we live in a postcode that is all expats, we would assume a 70% chance of a bubble tea shop being located there. Bubble tea first appeared in Thailand ten years ago, but since has gone out of market trend, staged a strong comeback, and established itself in the region. Read More . Fortune Business Insights says that the global market size was USD 2.17 billion in 2021 and is projected to reach USD 3.78 billion by 2029. 9. In 2019, the black tea segment accounted for more than half of the share in the total bubble tea market and is expected to grow at a CAGR of 7.50% throughout the forecast period. Bubble tea consumption statistics - pearllemonboba.com One kilogram therefore represents 500 cup equivalents. In this era, the growing consumer preferences for products depend on various factors such as choice of taste, price, brand, and location accessibility. Synthetic Food Colors Market Outlook: The global synthetic food colors market size is estimated to be valued at US$ 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. Malaysia has 74 bubble tea brands, can you tell them all apart? It's common for bubble tea brands to include "cha" in their names, which means "tea" in Chinese. 13. Consumption of sugar sweetened and diet drinks in adults. The global bubble tea market size was valued at USD 2.17 billion in 2021. 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. As of December 2018, GrabFood's bubble tea network encompasses over 1,500 brands with 4,000 outlets throughout . Tea - 2023 Data - 2009-2022 Historical - 2024 Forecast - Price - Quote An average, medium-sized serving of bubble tea has, on average, 335 calories. 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. The outbreak of COVID-19 forced government bodies to impose strict closure of restaurants, farms, and factories to maintain safety measures and implement social distancing. Black tea is the most consumed tea around the world. Bubble Tea Market Analysis, Growth & Forecast 2027 - Yahoo! 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. Availability of Other Caffeinated Drinks to Impede Growth. Coffee shop. This is far higher than the cost of a similar amount of milk or juice, but the high price does not seem to deter people from making it their go-to beverage. Global Bubble Tea Market - Data Bridge Market Research Save my name and email in this browser for the next time I comment. Most other Southeastern Asian countries drink three cups monthly on average. A 16 oz serving of bubble tea contains 38 grams of sugar, which is 76% of the recommended daily value. 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. For one, there are all of the sweet flavors and fun combinations of ingredients you can get. "Market Intelligence that Adds Flavour to Your Success", Region : Global | Format: PDF | Report ID: FBI101564. 3. We calculate that for a 700 ml or 24 oz serving of bubble milk tea, which is usually the large cup size in most boba shops, the total bubble tea calories are 700 kcal. This segment does not include herbal tea, instant tea, iced tea or similar tea-derived Ready-to-Drink beverages. The global Bubble Tea Market is expected to $4,368.6 million in 2027. Industrial Alcohol Market Volume: The global industrial alcohol market size is set to be valued at US$ 110.3 Bn in 2022 and it is expected to grow at a CAGR of 7.6% from 2022 to 2032. Overall, though tea registered. https://www.fortunebusinessinsights.com/industry-reports/bubble-tea-market-101564, Yummy Town (Cayman) Holdings Corporation (Happy Lemon) (Taiwan), Granular Research on Specified Regions or Segments, Companies Profiled based on User Requirement, Broader Insights Pertaining to a Specific Segment or Region, Breaking Down Competitive Landscape as per Your Requirement, Other Specific Requirement on Customization. With 250 different flavors, it makes sense that there would be different bases to the teas. Your email address will not be published. For better delivery of our new release, Please help us undestand your interest Industry and Frequency that you prefer to get the new releases. . The emerging players in the Bubble Tea Market are Bubble Tea Supply Inc., ChaTime, CoCo Fresh, Quickly, Kung Fu Tea, Boba Loca, Happylemon, Share Tea, T Bun International, Fanale Drinks, Grand Chainly, and Huey-Yuhe Enterprise. Your email address will not be published. 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). 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. We value them as a research company worthy of building long-term relationships., Well done Fortune Business Insights! The consumption of organic tea rose by 1.06 million gallons in 2018. 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. 11. Keep reading to discover everything weve uncovered about bubble tea. Bubble tea is also known as (Zhen Zhu Nai Cha) directly translates to pearl milk tea, but is also known as boba tea in . Ltd. NEWARK, Del, July 26, 2022 (GLOBE NEWSWIRE) -- The global bubble tea market is projected to reach a value of US$ 5.5 Bn by 2031, with sales growing at a robust CAGR of 8.8% for the forecast period of 2021-2031. Thailand will emerge as a lucrative market over the forecast period with a CAGR of 8.7%. 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. Bubble teas distinct flavor, easy product availability, and numerous varieties offered will help the market to flourish. It also revealed that the global bubble tea market size was valued at US$2.02 billion in 2019, and is expected to reach US$3.39 billion by 2027. Bubble Tea is a famous non-alcoholic beverage drink that first . Although there are plenty of bubble tea flavors to choose from, fruit teas tend to be the most popular. Accelerated demand for healthier beverage alternatives to carbonated drinks coupled with shifts in consumer preferences is fueling market growth for bubble tea. Whats your favorite bubble tea base to start with? Bubble Tea Club | DIY Bubble Tea Kits Add the ice cubes, and shake so the whole drink can get cold. Awareness about health issues and their relation to meat consumption has resulted in a shift towards vegan and plant-based diets. Global Demand for Coffee - Despite the demand for coffee in the United States, the country only ranks 25th in per capita coffee consumption. 9. Bubble tea truly is an international drink! Moreover, zero fat and low calorie contents of . 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. A. Consumers are shifting toward natural and organic food and beverage products, which is one of the major factors that would help in the growth of this segment in the market. Bubble tea is a beverage originating from Taiwan comprising tea with fruit syrup or milk added, and then shaken. Asia Pacific is expected to dominate the market during the forecast period. FB : Beverages| Pages: 261 | Author(s) : Vaibhav S , Roshan D, Single User License, Five User License & Enterprise User License. However, excess sugar content in these drinks leading to health issues and trend of coffee consumption are expected to restrict the market growth. This is for a full-sugar serving that contains 60 g of sugar. Other players operating in the market are Boba Box Limited, Fokus Inc., Sumos Sdn Bhd, Troika J.C. (Qbubble), and Boba Tea Company. It looks quite comprehensive and the data is exactly what I was looking for. 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. Boba tea, or "bubble tea," has been around since the late 1980s in Taiwan. Since then, however, bubble tea has expanded across the rest of Asia, and there was a sudden explosion of popularity during 2018, particularly in Singapore. In-depth analysis and the bubble tea market size and segmentation assists in determining the prevailing bubble tea market opportunities. How Much Is the Bubble Tea Industry Worth. Resistant Starch Market Size: The resistant starch market is valued at US$ 10.5 Bn in 2022 and is projected to grow at a CAGR of 6.6% during the forecast period, to reach a valuation of US$ 19.9 Bn by 2032. Tea is one of the most popular beverages consumed worldwide. The availability of different types of milk tea offers numerous options for consumers to enjoy. Stir until the sugar has dissolved and the milk is well mixed in. Remarkable job and great efforts by your research team. Background: Bubble tea has become enormously popular in China in recent years. The market is anticipated to be valued at US$ 46.0 Mn in 2032. This was attributed due to rise in the consumption of tea based everages across the world. These drinks are made with milk tea and tapioca pearls (to make the bubbles), which contain a lot of natural sugar. 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. Insights. Tea, from the plant Camellia sinensis, is consumed in different parts of the world as green, black, or Oolong tea.Among all of these, however, the most significant effects on human health have been observed with the consumption of green tea [].The first green tea was exported from India to Japan during the 17th century. There are 250 different flavors of bubble tea. A. (2.Americans rank 25th for coffee consumption per capita, with an average consumption of 4.2 kg per person per year. And if you have a sweet tooth, its SO GOOD. info@pearllemongroup.com. By 2025, 70% of spending and 10% of volume consumption in the Tea . Based on our analysis, the global market exhibited a slower growth of 2.76% in 2020 as compared to 2019. Boba tea is creating a buzz among individuals worldwide, owing to its growing appeal and novelty. By component, it is classified into flavor, creamer, sweetener, liquid, tapioca pearls, and others. Bubble Tea: What Happened To A 14-Year-Old Who Drank It - Forbes Revenue in the Tea segment amounts to US$1.40bn in 2023. . Statista. Almost overnight bubble tea shops popped up around the world in multiple countries that had never had an interest in it before. Tartrazine Market Trend: Global tartrazine market is projected to reach a valuation of US$ 120 Mn in 2022, with demand growing at a 7.0% CAGR over the forecast period. According to the report, bubble tea orders had increased at a whopping 3,000 percent in 2018. Beneficial effects of green tea: A literature review - PMC This means, market totals are not comparable to published data from prior years. It is expected to be the fastest growing segment owing to consumers' inclination towards the convenience offered. a more convenient consumption option, compared with hot cereals, which can require the addition of boiling water or milk. Ready-to-Drink variants are instead aggregated into the segment Ready-to-Drink (RTD) Tea in the Non-Alcoholic Drinks market. 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 . Moreover, higher expenditure of consumers on healthy beverages adds to the popularity of bubble tea in theregion. Adults' total beverage consumption drops steadily with age. 1.In 2019, 64% of Americans aged 18 and over drank coffee every day. Its iced or hot black or green tea mixed with chewy tapioca balls that are often flavored. Symptoms of . This can be attributed to the availability of various options such as combination of various liquid flavors and syrups. Bubble Tea Popularity Statistics Singapore - Emkan.me The adoption of bubble tea has been quite high in mature regions such as the U.S., Canada, and Germany while emerging countries such as China, Brazil, and India are catching up quickly. drinking tea; and the expansion of new products and flavourings, such as ready-to-drink tea, premium tea, and herbal and fruit fusions.15-19 In addition, demand for green tea is expected to outpace demand for black tea.4,12,19 The considerable expansion of sustainable tea products is also worth noting. Nigeria, specifically, has become a hub for cassava production. For people aged 71 or older, the figures were substantially lower, at 1,584 grams and 1,532 grams, respectively. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. The prevalence of lifestyle disorders such as obesity and diabetes associated with the hectic lifestyle of consumers has nudged them to shift toward healthy drinks, such as ginger tea and boba teas, due to their easy customization. 10. Bubble Tea originated in Taiwan in the early 1980's at a small tea stand. 10. A. 12. Health Benefits Associated with Bubble Tea Consumption to Drive the Market Growth . Originating in Taiwan, the drink typically consists of tea, milk/cream, and sugar accompanied by tapioca pearls. Bobabox Limited, Bubble Tea House Company, Cuppotee, Fokus Inc., Gong Cha, Lollicup USA, Inc., Sumo's (M) SdnBhd, Ten Ren's Tea Time, The Bubble Tea Company, Troika JC. If you love bubble tea and are looking for a make your own bubble tea kit, this is the place! Thailand leads in bubble tea consumption at an average of 6 cups per person per day. The demand for bubble tea is predicted to grow at an impressive rate. 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. An Infographic Representation of Bubble Tea Market, To get information on various segments, share your queries with us. When you look at the marketing for bubble tea, the numbers make sense. 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. At what CAGR is the bubble tea market projected to grow in the forecast period (2022-2029)? US Coffee Statistics. Chewy tapioca balls or different flavored jellies are then added to give bubble tea the fun, chewy texture that it is known for! There are many varieties of the drink with a wide range of ingredients. Clicking on the following button will update the content below. Tea is considered the second most popular drink of choice worldwide. It includes flavor variants such as lychee, mango, passion fruit, peach, plum, strawberry, avocado, banana, grape, kiwi, lemon, and others. As a result, other plant-based hot . Tea market in Canada - statistics & facts | Statista Aug 24, 2022 03:14pm. Tea is a large part of modern Australian culture due to its British origins. Graph. Introduced to China in the early 1990s, it quickly became one of the most popular drinks in the nation. Very satisfied with the overall report as it has helped me to build strategies for my business, This is regarding the recent report I bought from Fortune Business insights. The global organic tea market size was USD 820.8 million in 2019 and it is projected to reach USD 1,918.7 million by 2027, exhibiting a CAGR of 11.2% during the forecast period. Tea in Australia | Market Research Report | Euromonitor 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. The global bubble tea market size was valued at USD 2.17 billion in 2021. 32 Tempting Tea Statistics for a Healthier 2022 - ComfyLiving All rights reserved. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes. Need to talk to an expert? Teamorrow Australia - Northbridge, Western Australia - WorldPlaces The percentage of tea that is consumed which is green tea: 15%. The closure of Shanghai . Asia-Pacific (APAC) dominates the bubble tea market because of the high consumption of the bubble tea within the region. PDF Global Market Report: Tea - International Institute for Sustainable Interesting Facts. Join over 60,000 Bubblers (that's what we call our lovely customers!) 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. 2016. The global COVID-19 pandemic has been unprecedented and staggering, with bubble tea experiencing lower-than-anticipated demand . Theory seemed to meet reality . Today, millennials, zennials, and gen z account for the vast majority of the countrys bubble tea consumption. All Rights Reserved. About 200 million pounds of tea leaves (bagged & loose) are shipped into the United The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca. The campaign will be extended due to the tremendous profit achieved, which motivates the company to broaden its product offerings and brand position. It slowly spread throughout Asia before gaining popularity in the U.S. and across the globe. Ltd. Virtually any flavor that you can imagine exists with bubble tea. The segment will depict a robust 11.8% CAGR and account for more than 26% of the market share. Bubble tea consumption and its association with mental health - PubMed In 2018, bubble tea made a 3,000 . (Caffeine Informer) Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022. Many Thai people drink bubble tea daily, and in many cases may drink multiple cups per day. Driven by Elevated Demand for Healthier Drinks; Bubble Tea Versatility in flavor, health benefits, and social media trends drive the market. Bubble tea . Among participants, 647 (88%) consumed less . The Tea segment in Australia is projected to grow by 2.61% (2023-2025) resulting in a market volume of US$1.47bn in 2025. . Each . The data says that for every additional 1% of expats living in a postcode, we should expect the probability of a bubble tea shop in that postcode to increase by 0.0091 from a baseline of -0.2089. With bubble teas sudden increase in popularity, it should be no surprise that the industry is only expected to keep growing. As per the report, sales will increase at a 4.2% CAGR over the forecast period, reaching US$ 354.6 Mn by 2032. The industry shows no signs of slowing down, and in fact, appears to be growing exponentially with every passing year. The ICC World Test Championship final will be played in The Oval, London from June 7 to 11, where the conditions are pacer-friendly. It comes with the additional cost of $2500.00 contact sales. Gain competitive intelligence about market leaders; Track key industry trends, opportunities and threats; Inform your marketing, brand, strategy and market development, sales and supply functions 02 Each tapioca ball has 5 to 14 calories. 87% of American millennials drink tea, including bubble tea. The two businesses are known for their zingy fruit tea drinks. Australia: 0.75 kg (1.65 lb) 17 How much is the global bubble tea market worth? Pune, India, Oct. 26, 2021 (GLOBE NEWSWIRE) -- The global bubble tea market size is expected to reach USD 3.39 billion by 2027 . We dont recommend anyone making it a daily indulgence. That is approximately four cups of brewed coffee, 10 cans of cola or two "energy shot . 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. Bubble tea brands expected to produce novel and unique products over the forecast period. How much sugar was consumed? Elementary school children would look forward to buying a cup of refreshing tea after a long, hard day of work and play. The Bubble Tea Club Kit has everything you need to make delicious homemade bubble tea. Chocolate flavored milk tea is tremendously popular in which chocolate powder is blended with milk to strengthen its flavor. Green tea. This has led to transportation delays and the functioning of both supplies (tea estates) and demand for consumption points to a standstill due to shortage of manpower and reduced visits of customers to coffee shops amidst the lockdown. Bubble tea can be found on every continent today, except for Antarctica, of course! A South Australian Health Omnibus Survey (SAHOS) done in 2014 showed that there was a . 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. Global Bubble Tea Market Dynamics, Regional Analysis, Segmentation, Competitive Landscape, COVID-19 Impact, Recent Developments and SWOT Analysis of Key This is a very good piece of work and will be very helpful to us going forward. However, Europeis expected to grow with the highest CAGR throughout the forecast period, owing toaggressive advertising and celebrity brand endorsement and increasein the awareness of bubble tea in theregion. Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. Art & Craft. 5. The black tea segment is projected to grow at a significant CAGR during the forecast period, owing to its increased preference by health-conscious consumers across every region. The Middle East & Africa showcases a slower growth as pearl milk tea is consumed as a social drink or as a gesture of hospitality. | Source: Market size and forecast, by Flavor, 2020-2028 Moreover, rise in consumption of flavored bubble tea in young generation fuels thebubble tea market growth. 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.
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