According to the latest report by IMARC Group, titled “Champagne Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ 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.
Champagne is a sparkling white wine produced from a variety of grapes and flavors, such as almond, citrus, and apple, to add complexity, texture, and sweetness and enhance the taste. The taste of the beverage varies depending on the grapes used and the length of aging. Compared to wine, champagne contains low amounts of sugar and calories with high levels of resveratrol that can help boost mood, lower the risk of diabetes, minimize bad cholesterol, prevent dementia, and reduce damage to the blood vessels. Currently, champagne is witnessing a significant surge in demand as a celebration drink on special occasions, such as parties, weddings, sports events, anniversaries, and corporate events.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Champagne Market Trends:
The rising trend of socializing at parties and gatherings and rapid urbanization are some of the key factors creating a positive outlook for the market. The burgeoning consumer per capita income has prompted a gradual shift in preference toward premium champagne, which is acting as another factor bolstering the market growth. In line with this, key players are introducing new product variants, such as canned champagne, with unique flavors to increase their consumer base, which is positively contributing to the market growth. Moreover, the easy availability of champagnes in online retail stores and shifting preference toward purchasing unique and exotic flavored champagnes are accelerating the market growth.
Champagne Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global champagne market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Arvitis
- Centre Vinicole – Champagne Nicolas Feuillatte
- Champagne Piper-Heidsieck
- Diageo
- LANSON-BCC
- Laurent-Perrier
- LVMH Moët Hennessy Louis Vuitton
- Pernod Ricard
- Taittinger
- Vranken – Pommery Monopole SA
Key Market Segmentation:
The report has segmented the global champagne market on the basis of product, price, distribution channel and region.
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 (United Arab Emirates, Saudi Arabia, Qatar, Iran, Others)
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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