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 an alcoholic beverage, mainly produced from a variety of grapes with flavors that include citrus, almond, and apple to enhance its overall taste. It is aged for several years to add texture and complexity, and it is available in varying levels of sweetness. As compared to wine, it contains lower amounts of calories and sugar and higher levels of resveratrol. When consumed in moderation, champagne provides numerous health benefits, such as boosting mood, minimizing bad cholesterol, lowering the risk of diabetes, improving heart health, reducing damage to blood vessels, and preventing dementia and blood clots. Currently, champagne is widely consumed as a celebratory drink on special occasions and has become a significant part of various cultures across the globe.
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Global Champagne Market Trends:
The global champagne market is primarily bolstered by the shifting consumer preferences towards premium drinks and the increasing trend of socializing at weddings, sports events, anniversaries, and corporate events. Besides this, rising consumer expenditure capacities, rapid urbanization, and the availability of champagnes on online platforms are acting as other key factors contributing to the market growth. Additionally, leading players are introducing several product variants, such as canned champagne, with unique flavors to cater to the evolving consumer demands, which, in turn, is boosting the market growth. Furthermore, the surging awareness regarding the health benefits of consuming champagne is propelling 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:
- 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 (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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