Market Overview:

The global champagne market size reached US$ 5.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 7 Billion by 2027, exhibiting a growth rate (CAGR) of 3.2% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Champagne is an alcoholic beverage produced from a variety of grapes and flavors, such as citrus, almond, and apple, to enhance the overall taste. It is aged for several years to add texture and complexity and comes in varying levels of sweetness. It contains low amounts of calories and sugar while high levels of resveratrol compared to wine. Its low to moderate consumption provides various health benefits, including boosting mood, minimizing bad cholesterol, lowering the risk of diabetes, improving heart health, reducing damage to blood vessels, and preventing dementia and blood clots. At present, champagne is widely consumed as a celebration drink on special occasions like anniversaries, parties, weddings, sports events, and corporate events around the world.

Global Champagne Market Trends:

The rising socialization trend, especially among the young population, coupled with the increasing influence of cocktail culture, represents one of the key factors strengthening the growth of the market. Moreover, due to rapid urbanization and inflating income levels, there is a significant shift in consumer preferences towards premium champagne. In addition to this, the expanding food tourism and culinary services are positively influencing the adoption of champagne in luxury hotels for gourmet cooking across the globe. Apart from this, several market players are adopting innovative strategies, such as combining traditional hybridization techniques and advanced tools, for producing champagne. They are also investing in marketing campaigns to retain a competitive edge in the market. Furthermore, they are offering canned champagne with unique, exotic flavors through online retail channels. This, along with the thriving e-commerce industry on account of the increasing internet penetration and rising dependence on devices, such as smartphones, laptops, and tablets, is creating a positive outlook for the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global champagne market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, price and distribution channel.

Breakup by Product:

• Prestige Cuvée
• Blanc De Noirs
• Blanc De Blancs
• Rosé Champagne
• Others
   

Breakup by Price:

• Economy
• Mid-Range
• Luxury
   

Breakup by Distribution Channel:

• Supermarket and Hypermarket
• Specialty Stores
• Online Stores
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Arvitis, Centre Vinicole – Champagne Nicolas Feuillatte, Champagne Piper-Heidsieck, Diageo, LANSON-BCC, Laurent-Perrier, LVMH Moët Hennessy Louis Vuitton, Pernod Ricard, Taittinger and Vranken - Pommery Monopole SA.

Report Coverage: