Press release
Champagne Market to reach USD 7.78 Bn by 2029, emerging at a CAGR of 3.2 percent and forecast 2023-2029
Champagne Market
The Champagne Market, valued at US$ 6.24 Bn in 2022, is poised for robust growth, with the total revenue expected to achieve a 3.2% Compound Annual Growth Rate (CAGR) from 2023 to 2029. Projections indicate that the market will reach nearly US$ 7.78 Bn by 2029.
Maximizing Market Research Pvt Ltd has released an extensive report on the Champagne Market, offering valuable insights into market dynamics, drivers, restraints, and regional trends. The report delves into the impact of COVID-19 on the market and provides a thorough analysis of factors influencing the champagne market's growth.
The report employs a robust research methodology, encompassing a comprehensive analysis of both demand and supply-side factors. Our expert analysts have meticulously evaluated the market dynamics, including drivers, restraints, opportunities, and future trends, to provide a holistic view of the Champagne Market during the forecast period.
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Champagne Market Dynamics:
The surge in champagne's popularity and the rising preference for low-calorie beverage options are pivotal factors fueling the expansion of the target market. Additionally, the global market is experiencing notable growth, propelled by an increasing array of champagne varieties and a growing inclination to incorporate champagne into celebratory events.
The escalating demand for premium alcoholic beverages stands out as a fundamental driver for the global champagne market. This trend is attributed to the evolving consumption patterns of millennials and a heightened focus on sociability. Moreover, the market is witnessing growth due to innovative product enhancements, such as the introduction of champagne in novel and exotic flavors like strawberry, blueberry, peach, etc. The beverage industry, including pubs, hotels, restaurants, and cafes, is actively exploring creative ways to integrate champagne into diverse culinary experiences, delivering more authentic and engaging offerings to consumers.
Champagne Market Regional Insights:
In 2022, Europe emerged as the dominant player in the global champagne market, holding the largest share. Champagne, ranking as the seventh largest wine-growing region in France, shares similarities with renowned wine regions like Bordeaux and Burgundy, signifying its status as a mature and stable wine-producing area. However, from 2018 to 2022, the Comité Interprofessionnel du Vin de Champagne (CIVC) recorded a global decline in champagne sales (-1.7%, contrasting with +0.4% in 2018-2022). This decline was influenced by factors such as diminishing British exports and a weakened French market.
Analysts attribute the drop in champagne consumption during 2018-2019 to subdued consumer prospects and heightened export competition from other sparkling wines, notably Italian Prosecco.
The report aims to offer a thorough evaluation of the champagne market, providing valuable insights, historical data, industry-validated statistics, and projections based on a sound set of assumptions and methodologies. It delves into the dynamics of the global Champagne Market, identifying and analyzing market segments to project the overall market size. Furthermore, the report emphasizes a competitive analysis of key players, considering factors such as product offerings, pricing, financial position, product portfolio, growth strategies, and regional presence.
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Champagne Market Segmentation:
Categorized by product, the market is segmented into Prestige Cuvee, Blanc De Noirs, Blanc De Blancs, Rose Champagne, and other variants. In 2022, Blanc de Blancs secured the largest market share, surpassing xx%. Revered as the essence of champagne, this product is exclusively crafted from chardonnay grapes, gaining popularity among consumers for its excellent natural acidity and distinct minerality. Its versatility extends to diverse food pairings, including shellfish, turbot, sea bass, and robustly flavored aged cheese.
by Product
Prestige Cuvée
Blanc De Noirs
Blanc De Blancs
Rosé Champagne
Others
by Distribution Channel
Off-trade
On-trade
by Grade Type
Pinot Meunier
Pinot Noir
Chardonnay
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Champagne Market Key Players:
1. Moet & Chandon
2. Nicolas Feuillatte
3. Veuve Clicquot
4. Laurent Perrier
5. Dom Perignon
6. Mumm
7. Piper Heidsieck
8. Pommery
9. Taittinger
10.Louis Roederer
11.Perrier Jouet
12.Bollinger
13.Ruinart
14.Pol Roger
15.Lanson
16.Krug
Get to Know More About This Market Study:https://www.maximizemarketresearch.com/market-report/global-champagne-market/35306/
Table of content for the Champagne Market includes:
1. Global Champagne Market: Research Methodology
2. Global Champagne Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3.Global Champagne Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4 . Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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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…
