Asia Pacific Champagne Market

Asia Pacific Champagne market  Size and Growth Analysis:

Asia Pacific Champagne market is anticipated to grow at XX% CAGR from 2021 to 2027, and it is estimated that the Asia Pacific market was valued at USD XX billion in 2021 and is expected to reach USD XX billion by 2027.

Asia Pacific Champagne market  Overview:

Champagne is a product produced from grapes that are grown in the Champagne region of France. The grapes that are used are very specific such as Pinot Noir, Pinot Meunier, and Chardonnay. These grapes are fermented to make wine that contains about 9% of alcohol by volume. All champagnes are sparkling wines, but all sparkling wines are not champagne. 

The rising economic growth in developing economies has been a key factor driving the growth of the Asia Pacific champagne market in recent years. The growing acceptance for consumption of alcohol in the cultural beliefs of consumers Is further aiding the market growth. Bars and lounges are those businesses which are specialized in selling a variety of alcoholic drinks that patrons can consume onsite in a social environment. More often than not, bars cater to an affluent clientele, offering expensive “premium” champagne. Many lounges also offer a wide variety of inexpensive flavored champagne, which has become increasingly popular among those who for social gatherings.  The availability of a wide variety of flavored champagne is resulting in an increasing consumer base and this is expected to fuel market growth over the forecast period. The introduction of flavors such as candy, fruit, nutty, etc. has been leading to an increasing number of individuals consuming champagne.

Asia Pacific Champagne market Segmentation:

The Asia Pacific Champagne market is segmented on the basis of

• Type

• Material

• Printing Technology

• Application

On the basis of grape used, the market is segmented into

• Pinot Noir

• Pinot Meunier

• Chardonnay

• Black pinot noir

• Pinot Meunier

On the basis of type, the market is segmented into

• prestige Cuvee

• Blanc de Noirs

• Blanc de Blancs

• rosé champagne

On the basis of distribution channels, the market is segmented into

• supermarkets/hypermarkets

• specialty stores

• online stores

• Supermarkets/hypermarkets

On the basis of flavors, the market is segmented into

• apple

• pear

• citrus

• strawberry

• nutty

• cream

• vanilla

Nutty-flavored champagnes are the most common of the old-world champagnes. The most popular style of champagne today is the Brut. Brut Champagne is considered as dry champagne and has a dry taste, with very low sugar levels.

Asia Pacific Champagne market geographical Analysis

Based on geography, the Asia Pacific Champagne market is segmented into

• India

• China

• Japan

• Australia

• South Korea.

Asia Pacific Champagne market Key players:

1. Moët Hennessy USA

2. LANSON-BCC

3. Vranken - Pommery Monopole

4. Champagne Laurent-Perrier S.A.S.

5. Pernod Ricard

6. Rémy Cointreau

7. Centre Vinicole Champagne Nicolas Feuillatte

8. Martel

9. Louis Roederer

10. Taittinger