What is the global market size of Champagne Market?

Global Champagne Market size was valued at USD 6.78 billion in 2021 and is poised to grow from USD 7.2 billion in 2022 to USD 12.37 billion by 2030, growing at a CAGR of 6.2% in the forecast period (2023-2030).

Champagne Market Size, Share, Growth Analysis, By Price Point(Economy, Mid-Range, Luxury), By Distribution Channel(Supermarket, Specialty Stores, Online), By Product Outlook(Prestige Cuvée, Blanc De Noirs, Blanc De Blancs, Rosé Champagne), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30F2015 | Region: Global | Published Date: July, 2001
Pages: 212 | Tables: 92 | Figures: 76

Champagne Market Dynamics

Champagne Market Driver

Emerging markets have recently emerged as a crucial opportunity in the champagne business. Alcohol usage is becoming more acceptable, and there is a growing need for little quantities for special occasions, which will fuel development in emerging economies. Alcohol acceptability on non-religious grounds is developing in tandem with an increase in nightlife and a peer-approval-driven culture. Furthermore, the increased use of social media is bringing the lifestyle to even younger children and developing information sharing and peer ties among young individuals who have had little exposure to alcoholic beverages.

Champagne Market Restraint

The champagne market has hurdles such as stringent government restrictions regarding advertising and marketing, as well as selective distribution of champagne goods.

Champagne Market Report Snapshots

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Champagne Market size was valued at USD 6.78 billion in 2019 and is poised to grow from USD 7.2 billion in 2023 to USD 12.37 billion by 2031, growing at a CAGR of 6.2% in the forecast period (2024-2031).

The market is characterized by the presence of a few well-established players. New product launches, partnerships and investing in research & development have been a key business strategy. To raise their market share, enhance profitability, and remain competitive, participants in the champagne industry have embraced product introduction and company expansion as major development tactics. 'Moët & Chandon', 'Veuve Clicquot Ponsardin', 'Piper-Heidsieck', 'G.H. Mumm', 'Laurent-Perrier', 'Taittinger', 'Ruinart', 'Nicolas Feuillatte', 'Pol Roger', 'Bollinger', 'Lanson', 'Charles Heidsieck', 'Perrier-Jouët', 'Jacquart', 'Ayala', 'Gosset', 'Duval-Leroy', 'Palmer & Co.', 'Deutz', 'Henriot'

Emerging markets have recently emerged as a crucial opportunity in the champagne business. Alcohol usage is becoming more acceptable, and there is a growing need for little quantities for special occasions, which will fuel development in emerging economies. Alcohol acceptability on non-religious grounds is developing in tandem with an increase in nightlife and a peer-approval-driven culture. Furthermore, the increased use of social media is bringing the lifestyle to even younger children and developing information sharing and peer ties among young individuals who have had little exposure to alcoholic beverages.

The premiumization of the industry, particularly spirits and wine, is a major factor driving the alcoholic beverage and champagne market. Consumers prefer buying champagne from offline stores due to the diverse variety and brands available, as well as the instant customer service.

The Champagne market has been dominated by Europe, particularly France and Italy. The region is dominating the market because the majority of the champagne is consumed and produced in this region. Furthermore, online delivery of alcohol has been legalized in various countries, including the U.K. and Germany, making the product more accessible and convenient to shop. The Asia Pacific is expected to be the fastest-growing market.

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Champagne Market Size, Share, Growth Analysis, By Price Point(Economy, Mid-Range, Luxury), By Distribution Channel(Supermarket, Specialty Stores, Online), By Product Outlook(Prestige Cuvée, Blanc De Noirs, Blanc De Blancs, Rosé Champagne), By Region - Industry Forecast 2024-2031

Champagne Market Dynamics

Champagne Market Report Snapshots

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