The Champagne Market Is Predicted To Reach USD XX Billion With A CAGR Of XX% According To Market Data Forecast Report.

The Champagne Market Is Predicted To Reach USD XX Billion With A CAGR Of XX% According To Market Data Forecast Report.

ID: 6570 | October 2018 | Region: Global

The Champagne Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Champagne Market is estimated to be USD XX billion in 2018 and predicted to rise to USD XX billion by 2023 with a CAGR of XX%. The market is segmented by Grape Used (Pinot Noir, Pinot Meuniere, and Chardonnay), Type (Prestige Cuvee, Blanc De Noirs, Blanc De Blancs And Rosé Champagne), Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores and Online Stores), and Flavor (Brut and Fruity Flavor). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

The rising economic growth in developing economies has been a key factor driving the growth of the global 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 lounge 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 have become increasingly popular among those who for social gathering. The above-mentioned factors are resulting in increased penetration of the bars and lounge culture which in turn is boosting the growth of the champagne market. Availability of a wide variety of flavored champagne is resulting in increasing consumer base and this is expected to fuel market growth over the forecast period. Introduction of flavors such as candy, fruit, and nutty etc. has been leading to an increasing number of individuals consuming champagne.

The global Champagne market is segmented on the basis of Type, Material, Printing Technology and Application. On the basis of grape used, the market is segmented into Pinot Noir, Pinot Meunier, and 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. On the basis of distribution channel, the market is segmented into supermarkets/hypermarkets, specialty stores, and 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. On the basis of flavors, the market is segmented into brut and 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 as a dry champagne and has a dry taste, with very low sugar levels.

Based on geography, the Champagne market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Europe accounted for the largest share of the market in terms of revenue. In the Europe market countries like France and U.K. are generating the major revenue.

The market is dominated by companies like 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.

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