Press release
Champagne Market Size (US$ 7.2 Billion) | Global Industry Report 2023-2028
How big is the champagne market?
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.
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What are Champagne services?
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.
What are the growth prospects and trends in the Champagne industry?
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.
Who are the key players operating in the industry?
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
What is included in market segmentation?
The report has segmented the market into the following categories:
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
Asia Pacific
Europe
Latin America
Middle East and Africa
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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Global Champagne Market
Champagne is a variety of sparkling (or carbonated) wine produced in the Champagne region of France. Champagne is typically produced from a few specific varieties of grapes, including Pinot noir, Chardonnay and Pinot Meunier. Although these grapes are not all white, champagne is typically a white wine due to extraction methods that minimize contact between the juice and skin.
Reports Details: https://market.biz/report/global-champagne-market-gir/28978/
Scope of the Report:
This report focuses on the Champagne in…
