Champagne market size will be estimated to be USD 6.8 Billion in 2024 to reach 8.68 Billion in 2029 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 METRIC |
DETAILS |
Market Size Available |
2023 to 2029 |
Base Year |
2023 |
Forecast Period |
2024 to 2029 |
CAGR |
5.00 % |
Segments Covered |
By Grape, Type, Distribution Channel, Flavour & region. |
Various Analyses Covered |
Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of 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, Martel, Louis Roederer, Taittinger |
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.
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.
Fruity flavour segment can further be segmented into apple, pear, citrus, strawberry, nutty, cream and vanilla. Nutty flavoured 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.
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.
Key Companies In The Champagne Market are Moët Hennessy USA, LANSON-BCC, Vranken - Pommery Monopole, Champagne Laurent-Perrier S.A.S, Pernod Ricard, Rémy Cointreau, Martel, Louis Roederer, Taittinger
By Grape Used:
By Type:
By Distribution Channel:
By Flavour:
By Region:
Frequently Asked Questions
Champagne is a sparkling wine produced in the Champagne region of France. It is known for its effervescence, distinctive taste, and association with celebrations and special occasions.
Several factors contribute to Champagne quality, including grape variety (mainly Chardonnay, Pinot Noir, and Pinot Meunier), terroir, climate, winemaking techniques, and aging process.
The Champagne market is influenced by various trends, including increasing demand from emerging markets, such as Asia-Pacific, rising popularity of rosé Champagne, growing preference for organic and sustainable production methods, and expanding online sales channels.
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