Champagne Market market size will be estimated to be USD 6.48 Billion in 2023 to reach 8.27 Billion in 2028 at a CAGR of 5.0 % over the prediction period.
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. Champagne is also known as sparkling wine and is strictly regulated by Comité Champagne of France. The various wine-producing country produces sparkling wine similar to champagne, but any other wine which might resemble champagne cannot be sold or labeled as champagne. All champagnes are sparkling wines, but all sparkling wines are not champagne. Grapes that are grown according to the appellation rules are only allowed to make champagne.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2022–2028 |
Base Year |
2022 |
Forecast Period |
2023-2028 |
CAGR |
5.0 % |
Segments Covered |
By Grape Used, By Type, Distribution Channel, By Favor, and By Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Moët Hennessy USA, LANSON-BCC, Vranken - Pommery Monopole, Champagne Laurent-Perrier S.A.S, Pernod Ricard, Rémy Cointreau, Centre Vinicole Champagne Nicolas Feuillatte, Martel, Louis Roederer, and Taittinger. |
Recent Developments:
In January 2019, Drake announced the launch of his new line of champagne called Mod Selection with the loyal Brent Hocking. This coveted champagne comes in elegant unique bottles embroidered with handcrafted golden brown decorations and implemented by the best champagne artisans. They will add a list of magnums and jeroboams, as well as unique, vintage, and white wineries.
In August 2015, Jascots Wine Merchants announced the launch of its new Rimbaud champagne brand. The champagne production for this product is limited to 40,000 bottles and is produced only with the free flower juice 'Tête de Cuvee' with an equivalent percentage of Chardonnay, Pinot Noir, and Pinot Meunier. For its non-harvest, the Rimbaud is aged for at least 24 months plus another three-month rest period after bottling.
The Campari Group is on its way to becoming the first Italian company to own a champagne brand. Announced last week, Campari has begun negotiations to acquire the French company Ficoma, to acquire 80% of the shares of Champagne Lallier, and other companies in the group, with a perspective of full ownership. Campari shares closed up 2.9% after the announcement, outperforming a 1.7% gain on Milan's FTMIB first-class index. Ficoma sold one million bottles of champagne in 2019, including 700,000 bottles of Lallier.
By Grape Used:
Pinot Noir
Pinot Meuniere
Chardonnay
Black pinot noir and Pinot Meunier are the primarily used grapes for champagne making but a few white Chardonnay grapes are also used. On the basis of type, the market is segmented into prestige Cuvee, Blanc de Noirs, Blanc de Blancs, and rosé champagne.
By Type:
Prestige Cuvee
Blanc De Noirs
Blanc De Blancs
Rose Champagne
By Distribution Channel:
Supermarkets/Hypermarkets
Specialty Stores
Online Stores
Supermarkets/hypermarkets are anticipated to hold a relatively high share in the champagne market. Online stores also have a significant contribution to the growth of the champagne market over the forecast period.
By Flavor
Brut
Fruity Flavor
Fruity flavor segment can further be segmented into apple, pear, citrus, strawberry, nutty, cream and 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 dry champagne and has a dry taste, with very low sugar levels.
Champagne Market Regional Analysis:
North America
Europe
Asia Pacific
Latin America
The Middle East and Africa
The Market for Champagne has been categorized on the basis of geography to offer a clear understanding of the global market, the world market for Champagne has been studied in four regions: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Among all regions, the global Champagne Market is likely to generate the highest revenue in North America, thanks to the conventional importance of alcohol in ceremonies. Europe has taken the second maximum share of the world champagne market. This is attributed to the high champagne consumption per capita in most European countries, including France, Germany, Italy, and the United Kingdom.
The rapid pace of urbanization worldwide has resulted in increased demand for luxury goods and services, especially in developing economies such as China, Brazil, India, and other LAMEA and Asia-Pacific countries. Additionally, the consumption of champagne on special occasions is considered a status symbol, which should provide manufacturers with lucrative opportunities to distribute and sell their products. Latin American countries offer many expansion opportunities to the main players. Another factor driving the growth of this market is the growing acceptance of alcohol consumption in the cultural beliefs of consumers in Latin America.
The Middle East and Africa is one of the main emerging regions, which will generate significant opportunities in the market during the anticipated period due to the Increasing spending by hotels, airlines and other services to store different flavored champagne will drive market growth. The region is expected to experience moderate growth during the forecast period due to the above factors. Turkey is considered a crucial market in the Middle East and Africa.
Moët Hennessy USA
LANSON-BCC
Vranken - Pommery Monopole
Champagne Laurent-Perrier S.A.S
Pernod Ricard
Rémy Cointreau
Martel
Louis Roederer
Taittinger
FAQ's
The Champagne MarketCan be Predicted Reach a Valuation of USD 9.0 billion by 2027.
Champagne Market Can Expand With A CAGR 4.5% in a given Forecast Period.
Moët Hennessy USA, LANSON-BCC, Vranken - Pommery Monopole, Champagne Laurent-Perrier S.A.S, Pernod Ricard, Rémy Cointreau, Centre Vinicole Champagne Nicolas Feuillatte, Martel, Louis Roederer, and Taittinger.
North America region is expected have the largest market share of the Champagne Market
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