Champagne Market
Champagne Market Size, Share & Trends Analysis Report by Grape Used (Pinot Noir, Pinot Meuniere, Chardonnay, and Others), by Type (Prestige Cuvee, Blanc De Noirs, Blanc De Blancs, and Rose Champagne), by Flavor (Brut and Fruity Flavor), and by Distribution Channel (Hypermarket/Supermarket, Specialty Store, and Online Store) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Champagne market is anticipated to grow at a significant CAGR of 6.5% during the forecast period (2022-2028). 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.
Segmental Outlook
The global champagne market is segmented based on grape used, type, flavor and distribution channel. Based on the grape used, the market is segmented into pinot noir, pinot meuniere, chardonnay and others. Based on the type, the market is segmented into prestige cuvee, blanc de noirs, blanc de blancs, and rose champagne. Based on the flavor, the market is segmented into brut and fruity flavor. Based on the distribution channel, the market is segmented into hypermarket/supermarket, specialty store, and online store.Among the type sub-segment, the blanc de blancs held the considerable share in the global champagne market. This champagne is prepared with a chardonnay variety of grapes alone. It is paired with other food dishes also including shellfish, turbot, and sea bass. This type of champagne is popular amongst consumers preferring natural acidity and distinct minerality. However, prestige cuvée is expected to exhibit the fastest growth during the forecast period. It is premium vintage champagne. Its pricing varies from $140 to $200 per bottle. It is preferred by consumers with a need for complex flavour characteristics. Moreove, the growing interest of consumers towards taking complex flavour champagne is anticipated to drive the growth of this market segment.
Based on grape type, the pinot meuniere segment is expected to grow at a significant rate. The growth is mainly driven owing to the popularity of sparkling wines as pinot meunier is used widely in wines and champagne for adding rich smoky, fruity flavours, and aroma. Moreover, the rising consumption of wine and champagne is another factor that drives the segment's growth. According to WineAmerica.org, in 2022, the American wine industry generates revenue of $276.07 billion and generated revenue of $16.69 billion from tourist visits.
Regional Outlooks
The global champagne market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East and Africa, and Latin America).The European region held considerable share in the global champagne market. France, Germany, and the UK are the leading producing and consuming countries of pinot meunier in Europe. For instance, according to the Foreign Agricultural Service, in 2021 total of $195 million wine & related products, are exported to the UK, and in 2020 wine exported was $195 million.
Global Champagne Market Growth, by Region 2022-2028
Asia-Pacific region is Expected to Grow Considerably in the Global Champagne Market
The Asia-Pacific region has witnessed favourable growth during the forecast period. The demand for champagne is rising in the foodservice industry as it is used widely in various seafood dishes and other food dishes for adding fragrance and flavour. Moreover, the increasing production and export of wine and alcoholic products owing to the rising consumption of sparkling wine are the major reasons for the increasing demand for champagne in the Asia Pacific region. For instance, according to the Ministry of Commerce & Industry, India exported 2.47 lakh metric tonnes of alcoholic products, worth $322.12 million during 2020-21. The major export destinations of Indian alcoholic products were UAE, Ghana, Singapore, Congo, and Cameroon.
Market Players Outlook
The major companies serving the global champagne market include Laurent- Perrier Group, Lanson-Bcc, Lvmh Moet & Chandon, Pernod Ricard SA, Remy Cointreau and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market.
For instance, in September 2022, Maison Mumm revealed the design of Mumm Cordon Rouge Stellar, the first champagne bottle designed for space travel. The bottle has been designed to cope with space’s zero-gravity environment, the wine is secured within a half-glass bottle by a stainless steel opening device, ensured the liquid only comes into contact with inert materials.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global champagne market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Laurent- Perrier Group
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Lanson-BCC
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. LVMH Moet Hennessy – Louis Vuitton
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Pernod Ricard SA
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Remy Cointreau
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global ChampagneMarket by Grape Used
4.1.1. PlatesPinot Noir
4.1.2. Pinot Meuniere
4.1.3. Chardonnay
4.1.4. Others
4.2. Global ChampagneMarket by Type
4.2.1. Paper Prestige Cuvee
4.2.2. Blanc De Noirs
4.2.3. Blanc De Blancs
4.2.4. Rose Champagne
4.3. Global Champagne Market by Flvaour
4.3.1. Brut
4.3.2. Fruity
4.4. Global Champagne Market by Distribution Channel
4.4.1. Hypermarket/Supermarket
4.4.2. Specialty Store
4.4.3. Online Store
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Accolade Wines
6.2. Andrew Peller, Ltd.
6.3. Bacardi, Ltd.
6.4. Castle Group
6.5. Centre Vinicole Champagne Nicolas Feuillatte
6.6. Champagne GH Martel
6.7. Champagne Pommery
6.8. Constellation Brands, Inc.
6.9. Cook’s Champagne Cellars
6.10. Diageo plc
6.11. Dom Pérignon
6.12. E & J Gallo Winery
6.13. F. Korbel Brothers, Inc.
6.14. Johnnie Walker
6.15. La Marca USA
6.16. Lanson-BCC
6.17. Laurent- Perrier Group
6.18. Louis Roederer
6.19. LVMH Moet Hennessy – Louis Vuitton
6.20. Miguel Torres SA
6.21. Moët & Chandon
6.22. Pernod Ricard SA
6.23. Piper-Heidsieck
6.24. Remy Cointreau Group
6.25. Taittinger
6.26. Thienot Bordeaux-Champagnes
6.27. Treasury Wine Estate
6.28. Veuve Clicquot Ponsardin
6.29. Vina Concha y Toro
6.30. Vranken - Pommery Monopole
1. GLOBAL CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY GRAPE USED, 2021-2028 ($ MILLION)
2. GLOBAL PINOT NOIR CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL PINOT MEUNIERE CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL CHARDONNAY CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL OTHER GRAPES CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
7. GLOBAL PRESTIGE CUVEE CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL BLANC DE NOIRS CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL BLANC DE BLANCS CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL ROSE CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY FLAVOR, 2021-2028 ($ MILLION)
12. GLOBAL BRUT CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL FRUITY CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
15. GLOBAL CHAMPAGNE BY HYPERMARKET/SUPERMARKET MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL CHAMPAGNE BY SPECIALTY STORE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. GLOBAL CHAMPAGNE BY ONLINE STORE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18. GLOBAL CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
19. NORTH AMERICAN CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. NORTH AMERICAN CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY GRAPE USED, 2021-2028 ($ MILLION)
21. NORTH AMERICAN CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
22. NORTH AMERICAN CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY FLAVOR, 2021-2028 ($ MILLION)
23. NORTH AMERICAN CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
24. EUROPEAN CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
25. EUROPEAN CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY GARPE USED, 2021-2028 ($ MILLION)
26. EUROPEAN CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
27. EUROPEAN CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY FLAVOR, 2021-2028 ($ MILLION)
28. EUROPEAN CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
29. ASIA-PACIFIC CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
30. ASIA-PACIFIC CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY GRAPE USED, 2021-2028 ($ MILLION)
31. ASIA-PACIFIC CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
32. ASIA-PACIFIC CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY FLAVOR, 2021-2028 ($ MILLION)
33. ASIA-PACIFIC CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
34. REST OF THE WORLD CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
35. REST OF THE WORLD CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY GRAPE USED, 2021-2028 ($ MILLION)
36. REST OF THE WORLD CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
37. REST OF THE WORLD CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY FLAVOR, 2021-2028 ($ MILLION)
38. REST OF THE WORLD CHAMPAGNE MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
1. GLOBAL CHAMPAGNE MARKET SHARE BY GRAPE USED, 2021 VS 2028 (%)
2. GLOBAL PINOT NOIR CHAMPAGNE MARKET REGION BY REGION, 2021 VS 2028 (%)
3. GLOBAL PINOT MEUNIERE CHAMPAGNE MARKET REGION BY REGION, 2021 VS 2028 (%)
4. GLOBAL CHARDONNAY CHAMPAGNE MARKET REGION BY REGION, 2021 VS 2028 (%)
5. GLOBAL OTHER GRAPES CHAMPAGNE MARKET REGION BY REGION, 2021 VS 2028 (%)
6. GLOBAL CHAMPAGNE MARKET SHARE BY TYPE, 2021 VS 2028 (%)
7. GLOBAL PRESTIGE CUVEE CHAMPAGNE MARKET REGION BY REGION, 2021 VS 2028 (%)
8. GLOBAL BLANC DE NOIRS CHAMPAGNE MARKET REGION BY REGION, 2021 VS 2028 (%)
9. GLOBAL BLANC DE BLANCS CHAMPAGNE MARKET REGION BY REGION, 2021 VS 2028 (%)
10. GLOBAL ROSE CHAMPAGNE MARKET REGION BY REGION, 2021 VS 2028 (%)
11. GLOBAL CHAMPAGNE MARKET SHARE BY FLAVOR, 2021 VS 2028 (%)
12. GLOBAL BRUT CHAMPAGNE MARKET REGION BY REGION, 2021 VS 2028 (%)
13. GLOBAL FRUITY CHAMPAGNE MARKET REGION BY REGION, 2021 VS 2028 (%)
14. GLOBAL CHAMPAGNE MARKET SHARE BY DISTRIBUTION CHANNEL, 2021 VS 2028 (%)
15. GLOBAL CHAMPAGNE BY HYPERMARKET/SUPERMARKET MARKET REGION BY REGION, 2021 VS 2028 (%)
16. GLOBAL CHAMPAGNE BY SPECIALTY STORE MARKET REGION BY REGION, 2021 VS 2028 (%)
17. GLOBAL CHAMPAGNE BY ONLINE STORE MARKET REGION BY REGION, 2021 VS 2028 (%)
18. GLOBAL CHAMPAGNE MARKET SHARE BY REGION, 2021 VS 2028 (%)
19. US CHAMPAGNE MARKET SIZE, 2021-2028 ($ MILLION)
20. CANADA CHAMPAGNE MARKET SIZE, 2021-2028 ($ MILLION)
21. UK CHAMPAGNE MARKET SIZE, 2021-2028 ($ MILLION)
22. FRANCE CHAMPAGNE MARKET SIZE, 2021-2028 ($ MILLION)
23. GERMANY CHAMPAGNE MARKET SIZE, 2021-2028 ($ MILLION)
24. ITALY CHAMPAGNE MARKET SIZE, 2021-2028 ($ MILLION)
25. SPAIN CHAMPAGNE MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF EUROPE CHAMPAGNE MARKET SIZE, 2021-2028 ($ MILLION)
27. INDIA CHAMPAGNE MARKET SIZE, 2021-2028 ($ MILLION)
28. CHINA CHAMPAGNE MARKET SIZE, 2021-2028 ($ MILLION)
29. JAPAN CHAMPAGNE MARKET SIZE, 2021-2028 ($ MILLION)
30. SOUTH KOREA CHAMPAGNE MARKET SIZE, 2021-2028 ($ MILLION)
31. REST OF ASIA-PACIFIC CHAMPAGNE MARKET SIZE, 2021-2028 ($ MILLION)
32. REST OF THE WORLD CHAMPAGNE MARKET SIZE, 2021-2028 ($ MILLION)
