The Europe Champagne Market was valued at US$ XX billion in 2022 and is predicted to grow at US$ XX billion by 2027 with an increasing CAGR of XX% during 2022-2027.
Sparkling wine is primarily a kind of wine that comprises of Champagne. Champagne is made from the grapes Pinot Noir, Pinot Meunier, and Chardonnay. Methode Champenoise refers to the traditional way of manufacturing Champagne, which includes grape fermentation and other phases. Champagnes come in a variety of styles, including non-vintage brut, prestige cuvees, rose, higher dosage champagnes, and low dosage champagnes. Increased brand recognition, improving economic conditions, inventive branding, expansion in the premium wine sector, and rising consumption in emerging markets are all contributing to the Europe Champagne market's rise.
Recent Development in the Europe Champagne Industry:
Drake and his long-time friend Brent Hocking announced the introduction of his new Mod Selection champagne line in January 2019. This prized champagne is packaged in gorgeous, one-of-a-kind bottles with handcrafted golden brown decorations created by the best champagne artisans. A list of magnums and jeroboams, as well as unusual, vintage, and white wineries, will be added.
The surge in demand for high-end alcoholic beverages is propelling the Europe champagne industry forward. The top 10% of the earning population accounts for the majority of the market's customers.
As a result, people are more likely to value exquisite quality and exclusivity in items, and are willing to pay a higher price for them, fueling the rise of the champagne business. As global living standards rise, customers' desire for luxury goods and services is likely to rise as well.In recent years, increased economic expansion in developing economies has been a major driver of the rise of the European champagne market. The market's rise is aided by consumers' rising acceptance of alcohol drinking in their cultural beliefs. Bars and lounges are establishments that specialize in providing a variety of alcoholic beverages for consumption on-site in a social setting. Bars frequently appeal to rich patrons by providing costly "premium" champagne. Many lounges also sell a variety of low-cost flavored champagnes, which have grown in popularity among individuals who like social gatherings. The aforementioned elements are leading in higher bar and lounge culture penetration, which is promoting the expansion of the industry.
The availability of a diverse range of flavored champagnes has resulted in a growing consumer base, which is projected to drive Europe's champagne market expansion throughout the forecast period. The introduction of flavors such as candy, fruit, and nutty, among others, has resulted in an increase in the number of people who drink champagne. Champagne is becoming more popular as a component in cuisines and a variety of cocktails in the foodservice industry, which is projected to drive the champagne market forward throughout the forecast period. Due to their excellent quality and inexpensive pricing, non-vintage champagnes are the most popular choice among consumers. Non-vintage champagnes are popular because of the brand recognition, taste, and fragrances associated with a particular brand or label. According to recent news sources, global warming is endangering the champagne market's future. Previously, grape harvest would begin in August. However, recent temperature shifts have pushed it back until mid-to-late September. Furthermore, when temperatures rise and maturation becomes more difficult, grape acidity decreases. Wines with lower acidity may lose their freshness. Therefore, these factors may further affect the Europe champagne market growth during the forecast period.
By Grape Used:
Pinot Noir
Pinot Meuniere
Chardonnay
Based on grape used, pinot noir is predicted to hold the largest Europe champagne market share during 2022-2027. Pinot noir is variety of red wine grape, which is mostly utilized to prepare red wine along with champagne. Pinot noir has a lower sugar level and fewer calories than other wines, in addition to being high in resveratrol. The antioxidant properties of resveratrol aid to relieve joint discomfort by inhibiting cartilage breakdown. The strong antioxidant content of pinot noir aids in the reduction of blood pressure and bad cholesterol.
By Type:
Prestige Cuvee
Blanc De Noirs
Blanc De Blancs
Rose Champagne
Based on type, prestige curvee is anticipated to dominate the Europe champagne market during the forecast period. It's a producer's best Champagne, made using the best grapes from Champagne's top vineyards. In most situations, a prestige cuvee is a high-end Vintage Champagne, however a few manufacturers provide prestige cuvees that aren't vintage. Têtes de Cuvee is the French name for premium cuvees.
By Distribution Channel:
Supermarkets/Hypermarkets
Specialty Stores
Online Stores
Online sales of alcoholic beverages, particularly champagne, are increasing at a quicker rate. On-demand delivery apps, such as Drizly, are the segment's driving forces. To meet the growing demand from consumers, well-known e-commerce retailers have recently entered the sector. In 2015, the Amazon Prime Now mobile application in the United States offered one-hour delivery of alcoholic beverages. Uber Eats has recently included alcohol to its list of home delivery options. This, in turn, is predicted to boost overall champagne sales through online retailing.
By Flavor
Brut
Fruity Flavor
Fruit flavor dominates the Europe champagne market. Apple, nutty, citrus, pear, strawberry, cream, and vanilla are all examples of fruity flavors. Old-world champagnes with a nutty flavor profile are the most popular. The Brut kind of champagne is currently the most popular. Brut Champagne is classified as dry champagne because it has a dry flavor and contains very little sugar.
The Europe Champagne Market Report includes the segmentation of countries:
U.K
Germany
France
Russia
Rest of Europe
France champagne market has the largest share in Europe. Champagne, which is unique to France, has a high penetration rate in the country compared to other alcoholic beverages. As a result, the country accounted for a considerable portion of global champagne consumption. Furthermore, the increasing frequency of premiumization in the market is raising the product's value sales. Wines with descriptions like "no taste additions, gluten-free, low carb, vegan-friendly, sulfite-free, low calorie, low alcohol, light, lighter, organic, paleo-friendly, etc." are becoming increasingly popular among French customers. This is due to a growing emphasis on healthy foods and beverages that is sweeping the country.
The Covid-19 pandemic's initial phase, which began in March 2020, had a significant impact on champagne sales and consumption around the world. Weddings, graduations, and many other celebrations were canceled or postponed, resulting in a loss of about 18 percent of previous annual sales volume by the end of 2020. In 2020, the sector is expected to release roughly 244 million bottles, down from nearly 300 million the previous year.
Vranken - Pommery Monopole
Champagne Laurent-Perrier S.A.S
Pernod Ricard
Rémy Cointreau
Centre Vinicole Champagne Nicolas Feuillatte
Martel
Louis Roederer
Taittinger
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