According to the latest report by IMARC Group, titled “Champagne Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.’ the global champagne market size reached US$ 6.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.2 Billion by 2028, exhibiting a growth rate (CAGR) of 3.1% during 2023-2028.
Champagne is a renowned alcoholic beverage known for its unique taste and effervescence. It is typically made from grapes, specifically Chardonnay, Pinot Noir, and Pinot Meunier varieties, though other fruits such as apples, almonds, and citrus may also be used. The production process involves aging the beverage for several years to achieve varying levels of sweetness, complexity, and texture, resulting in a distinct and high-quality drink. In addition to its exquisite taste, champagne also offers some potential health benefits when consumed in moderation, such as enhanced mood, reduced risk of diabetes by improving insulin sensitivity, lowered inflammation, minimized bad cholesterol levels, and eliminated damage to blood vessels due to its antioxidant properties.
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Global Champagne Market Trends:
The global champagne market is witnessing significant growth due to several factors, including rising consumer expenditure capacities and rapid urbanization. The easy product availability on online platforms and increasing alcohol consumption are also bolstering the market growth. Furthermore, consumers are increasingly shifting towards premium champagne, which has compelled leading players to introduce a variety of product variants, such as canned champagne, with unique flavors. This, in turn, is creating a positive outlook for the market. Moreover, the rising product demand in social events, such as weddings, anniversaries, corporate events, and sports events, and the escalating awareness regarding the health benefits of champagne are accelerating the market growth.
Champagne Market 2023-2028 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:
- Centre Vinicole – Champagne Nicolas Feuillatte
- Champagne Piper-Heidsieck
- LVMH Moët Hennessy Louis Vuitton
- Pernod Ricard
- 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
Breakup by Price:
Breakup by Distribution Channel:
- Supermarket and Hypermarket
- Specialty Stores
- Online Stores
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- 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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