Champagne market is anticipated to grow at a significant CAGR of 6.5% during the forecast period (2023-2030). Champagne or sparkling wine is an alcoholic drink prepared with the fermentation of special types of grapes. The increasing adoption of alcoholic drinks in the current lifestyle, raising brand awareness, increasing disposable income, and evolution of champagnes with various cocktails and food dishes are the major driving factors for the market growth. This drink is widely used in social gatherings, weddings, and corporate events. The increasing numbers of bars and restaurants are increasing the sales of champagne globally . Moreover, new product development and launches by key players will further boost market growth. For instance, in October 2021, Coravin Inc. announced a strategic partnership with Moët Hennessy Group. Together, both partners have increased their global distribution, focusing on restaurants, wine bars, and other establishments with on-premise consumption of fine drinks, and aim to make fine wines and champagne more accessible by facilitating by-the-glass options to people.
Vintage champagnes are premium champagnes that take a minimum of three years to be manufactured, while non-vintage champagnes are produced in just fifteen months duration. It is similar to rice, as long as it is kept, the better it will taste. The stringent government regulations in various nations regarding the trading and consumption of alcoholic products are anticipated to restrain market growth. Additionally, developing nations including India impose high import tariffs on alcoholic products as a result of which the cost of the final product got increased. This further restrain consumers from purchasing these high-cost products.
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Champagne Market Segmentation
By Grape Used
- Plates Pinot Noir
- Pinot Meuniere
- Chardonnay
- Others
By Type
- Paper Prestige Cuvee
- Blanc De Noirs
- Blanc De Blancs
- Rose Champagne
By Flavour
- Brut
- Fruity
By Distribution Channel
- Hypermarket/Supermarket
- Specialty Store
- Online Store
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Accolade Wines
- Andrew Peller, Ltd.
- Bacardi, Ltd.
- Castle Group
- Centre Vinicole Champagne Nicolas Feuillatte
- Champagne GH Martel
- Champagne Pommery
- Constellation Brands, Inc.
- Cook’s Champagne Cellars
- Diageo plc
- Dom Pérignon
- E & J Gallo Winery
- F. Korbel Brothers, Inc.
- Johnnie Walker
- La Marca USA
- Lanson-BCC
- Laurent- Perrier Group
- Louis Roederer
- LVMH Moet Hennessy – Louis Vuitton
- Miguel Torres SA
- Moët & Chandon
- Pernod Ricard SA
- Piper-Heidsieck
- Remy Cointreau Group
- Taittinger
- Thienot Bordeaux-Champagnes
- Treasury Wine Estate
- Veuve Clicquot Ponsardin
- Vina Concha y Toro
- Vranken – Pommery Monopole
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