The Champagne market is expected to grow at a CAGR of 5.08% to reach US$ 11.5Bn in 2032.
Key factors driving champagne market growth is the economical growth in developing regions. Moreover, another major factor boosting the market growth is availability of a wide range of flavored champagne that is resulting in expanding consumer base.
The global market of champagne market has been segmented by different types of grape used, type of wine, flavor distribution channel and geography. Furthermore, type of grape used segment of the market is bifurcated into black Pinot Meuniere, black Pinot Noir and white Chardonnay. In addition, black pinot noir as well as black pinot meuniere are the majorly used grapes types for manufacturing of champagne, however, small quantity of white chardonnay grapes are too used.
Based on the type segment of the global champagne market is sub-segmented into blanc de noirs, prestige cuvee, blanc de blancs as well as rosé champagne. Likewise, distribution channel segment of the champagne market across the globe is sub-divided into supermarkets & hypermarkets, specialty stores and online stores. Supermarkets & hypermarkets will probably lead the market with major champagne market share in upcoming years. Further, flavors segment of the market is categorized into brut and fruity flavor. Fruity flavor section of the segment is divided into pear, apple, citrus, strawberry, cream, nutty and vanilla.
Geographically, global champagne market has been divided into several key regions including North America, Europe, Latin America, Asia-Pacific and Middle East & Africa. The market of European region is anticipated acquire major champagne market share across the world. The growth of the region is attributed to it being one of the largest producer as well as consumer of champagne. In addition, countries including France and United Kingdom are the major contributors of revenue in the region.
The global champagne industry is highly competitive and fragmented with prominent players. Some key players within the competitive edge of champagne market across the globe include LANSON-BCC, Moët Hennessy USA, Pernod Ricard, Rémy Cointreau, Vranken - Pommery Monopole, Louis Roederer, Centre Vinicole Champagne Nicolas Feuillatte, Martel, Champagne Laurent-Perrier S.A.S. and Taittinger.
Champagne Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2032||US$ 11.5Bn|
|Growth Rate||CAGR of 5.08% during 2021-2032|
|Segment Covered||By Price Range, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||LANSON-BCC, Champagne GH Martel & Co, Taittinger, Moet Hennessy USA, Inc, Vranken - Pommery Monopole, Pernod Ricard, Louis Roederer, Veuve Clicquot, Pommery, Piper-Heidsieck, Andre Champagne Cellars, Alumiceal, Centre Vinicole – Champagne Nicolas Feuillatte, G.H. Mumm et Cie, Bollinger, Artwinery among other domestic|
Key segments of the global champagne market include:
- Types of Grape Used Segment of champagne market
- Black Pinot Meuniere
- Black Pinot Noir
- White Chardonnay
- Type of Wine Segment of champagne market
- Blanc de noirs
- Prestige cuvee
- Blanc de blancs
- Rosé champagne
- Flavor Segment of champagne market
- Brut flavor
- Fruity flavor
- Distribution channel Segment of champagne market
- Supermarkets & hypermarkets
- Specialty stores
- Online stores
- Geographical segmentation of champagne market
- North America
- Latin America
- Middle East & Africa