Published Date: March 2024
Champagne is a sparkling wine that is renowned for its elegance, effervescence, and association with celebration and luxury. It is named after the Champagne region in northeastern France, where it has been produced since the 17th century. According to how sweet it is, champagne is divided into several different styles: Brut Nature/Zero (no added sugar), Extra Brut, Brut, Extra Dry, Sec, Demi-Sec, and Doux. The most popular type, recognized for its versatility and dryness, is brut.
Champagne has gained immense popularity worldwide as a symbol of celebration and luxury. The demand for Champagne has increased significantly in emerging markets such as China, India, and Brazil, as well as in traditional markets like the United States and Europe. Also, the Champagne region itself has become a popular tourist destination, attracting wine enthusiasts who want to explore the vineyards, cellars, and tasting rooms. Lastly, it is often associated with significant milestones such as weddings, anniversaries, and New Year's Eve celebrations and the cultural significance of Champagne as a symbolic and festive drink has contributed to its sustained popularity and growth of Champagne Market.
The report “Champagne Market, By Grape Used (Pinot Noir, Pinot Meuniere, and Chardonnay), By Product Type (Prestige Cuvee, Blanc De Noirs, Blanc De Blancs, And Rosé Champagne), By Flavor (Apple, Brut, Nutty, Vanilla, and Others (Pear, Citrus, Cream, Strawberry, and Chocolate)), By Distribution Channel (Hypermarkets, Specialty Stores, and Online Stores), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Trends, Analysis and Forecast till 2034”
Key Highlights:
- In March 2023, Bollinger launched “£350 champagne” to meet soaring demand. The launch, which included a black-tie banquet for over 100 people and an apparently endless supply of the new Bollinger RD 2008, is the most recent in a line of pricey vintage champagnes that are profiting from booming demand as wealthy people continue to party hard to make up for lost extravagances during the pandemic.
- In September 2022, Leo De Verzay will initially launch a Brut and a Rosé. Reign Brut, named after Scott's youngest son Reign, is a blend of the finest Pinot Noir, Chardonnay, and Pinot Meunier grapes from Montagne de Reims Grand Cru and Premier Cru towns. Pinot Noir is a prominent component of Reine Rosé Brut, and the freshness of Chardonnay delicately balances this rich and potent Champagne. This Cuvée has red wine notes that give it a radiant pink dress.
Analyst View:
While Champagne is already a well-established global brand, there are still untapped markets and opportunities for expansion. Producers are aggressively looking into new export markets and countries, such as those in South America, Africa, and Asia, where there is a growing need for luxury goods. As economies continue to grow and disposable incomes rise in emerging markets, more consumers will have the financial means to indulge in luxury goods, including Champagne. Countries like China, India, and Brazil, with their expanding middle classes, represent significant growth opportunities for the Champagne market.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Champagne Market, By Grape Used (Pinot Noir, Pinot Meuniere, and Chardonnay), By Product Type (Prestige Cuvee, Blanc De Noirs, Blanc De Blancs, And Rosé Champagne), By Flavor (Apple, Brut, Nutty, Vanilla, and Others (Pear, Citrus, Cream, Strawberry, and Chocolate)), By Distribution Channel (Hypermarkets, Specialty Stores, and Online Stores), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Trends, Analysis and Forecast till 2034”
Key Market Insights from the report:
Champagne Market accounted for US$ 8.1 Billion in 2024 and is estimated to be US$ 12.8 Billion by 2034 and is anticipated to register a CAGR of 5.20%. Champagne Market is segmented based on Grape Used, Product Type, Flavor, Distribution Channel and Region.
- Based on Grape Used, Champagne Market is segmented into Pinot Noir, Pinot Meuniere, and Chardonnay.
- Based on Product Type, Champagne Market is segmented into Prestige Cuvee, Blanc De Noirs, Blanc De Blancs and Rosé Champagne.
- Based on Flavor, Champagne Market is segmented into Apple, Brut, Nutty, Vanilla, and Others (Pear, Citrus, Cream, Strawberry, and Chocolate).
- Based on Distribution Channel, Champagne Market is segmented into Hypermarkets, Specialty Stores, and Online Stores.
- By Region, the Champagne Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Champagne Market:
The prominent players operating in the Champagne Market includes, LVMH Moët Hennessy Louis Vuitton SE, LANSON-BCC, Compagnie Pour Le Haut Commerce, Nonancourt Family Trust, Pernod Ricard, Rémy Cointreau SA, Centre Vinicole Champagne Nicolas Feuillatte, Louis Roederer, Taittinger, and Europeenne de Participations Industrielles SAS.
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