The global Champagne Market is expected to reach a market valuation of US$ 7.0 Billion by the year 2022, accelerating at a CAGR of 5.08% by 2022-2030, to reach a value of US$ 11.5 Billion by 2030.

Champagne Market Overview

Increasing alcohol consumption in many parts of the world, fueled by increasing purchasing power, is expected to remain a major driver. In bars, hotels, lounges, and airline services, spending is expected to increase to keep different flavors of Champagne on menus Other factors driving the market include changing consumer lifestyles, rising brand awareness, and evolution in the use of Champagne in various cocktails and cuisines.
For decades, Champagne has been identified as a celebratory drink at social gatherings, weddings, and corporate events in most developed countries including the US, France, UK, and Germany. This trend is gradually spreading to several Asian countries such as China, Japan, and Korea.

Over the past few years, more and more bars and restaurants have focused on expanding their wine and spirits inventory. Moreover, the growing popularity of vintage wines owing to growing awareness of authentic flavor among consumers is expected to positively impact market growth. As a result, airlines like Lufthansa and Emirates offer vintage wines like champagne on their business-class flyers. Luxury and style have emerged as unique selling propositions among airlines to broaden their reach. Airport expansions in developing countries such as China, India, and Thailand now include bars and lounges serving fine spirits, as a result of government-sponsored policies to boost the domestic aviation sector. This will open new avenues for industry players across the value chain.

To complement the growing preference and demand for Champagne, manufacturers continue to introduce a variety of flavors such as peach, strawberry, blueberry, orange, pineapple, apple, pear, citrus, cream, vanilla and nut to attract an evolving palette. There is. This has proven to be an effective strategy to engage consumers who do not like regular classic champagnes. Chefs around the world have used Champagne as an ingredient in signature cocktails and dishes.

The Champagne Market has been recently published by Contrive Datum Insights to its huge database which helps to shape the future of businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static as well as dynamic aspects of the global Champagne market.

Some of the key players profiled in the study are:

Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: First Solar, Solar Frontier, Sharp Thin Film, MiaSole, NexPower, Stion, Calyxo, Kaneka Solartech, Bangkok Solar, Wurth Solar, Global Solar Energy, Hanergy, ENN Energy Holdings, Topray Solar, Coravin, RUINART., and others.

Industry Development:

• In October 2021, luxury wine & spirits leader Moët Hennessy announced a strategic partnership with the global wine technology innovator 'Coravin Sparkling™ System' to revolutionize the by-the-glass consumption of champagne and sparkling wines. Under this partnership, the Coravin Sparkling System could preserve the flavors and mouthfeel of the former's champagne for up to two weeks, providing an economic benefit for restaurants and bars by virtually eliminating the risk of waste while making prestige Champagne more accessible to consumers.
• In April 2021, Ruinart Champagne launched the new Eco-Friendly Second Skin Packaging for its champagne. The new 100% paper case is fully recyclable and can withstand the chill of an ice bucket for several hours before deteriorating. The innovative design was created to maintain the integrity of the wine by blocking incoming light while also keeping the case conscious of the planet.

What are the major Applications, Types, and Regions for the Champagne Market?

On the Basis of Type:

• Non-vintage
• Vintage Millésime
• Cuvée de prestige
• Blanc de Blancs
• Other

• Economy
• Mid-range
• Luxury

On the Basis of Application:

• Supermarket/Hypermarket
• Specialty Stores
• On-Trade
• Others

Champagne Market Regional Insights:

Europe is the largest regional market, accounting for over 65.0% of global sales in 2018. This region is expected to remain dominant in the near future due to the high acceptance of the product among consumers in the UK, France, Belgium, and the UK. Germany. In addition, online alcohol delivery has been legalized in several countries, including the UK and Germany, making it easier to access and shop. Trade associations such as Comité Champagne have worked to promote economic growth and monitoring, as well as the interests of winegrowers and the houses that buy and sell wine.
Asia Pacific is expected to be the fastest-growing market, registering a CAGR of 6.6% from 2019 to 2025. This growth rate is fueled by lifestyle, the surge in disposable income, pop culture influence, and increased availability of international brands in countries such as Australia, Japan, China, Hong Kong, and Taiwan. An increase in large-scale social and corporate events also contributed to product demand.

Geographically, the global Champagne market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, the Middle East, and India. The global region is dominating this market in the upcoming future.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Champagne Market Report Scope:

Frequently Asked Questions (FAQ) about the Champagne market:

What is the CAGR of the global Champagne market?

The Champagne Market is growing at a CAGR of 5.08% during the forecast period.

Which region would offer high growth for vendors in the Champagne market?

Europe is the largest regional market for vendors in the Champagne market

Which Is the Most potential market segment?

By Types- Non-vintage, Vintage Millésime, Cuvée de prestige, Blanc de Blancs, Other,

By Applications - Supermarket/Hypermarket, Specialty Stores, On-Trade, Others

Which are the top industry players in the Champagne market?

First Solar, Solar Frontier, Sharp Thin Film, MiaSole, NexPower, Stion, Calyxo, Kaneka Solartech, Bangkok Solar, Wurth Solar, Global Solar Energy, Hanergy, ENN Energy Holdings, Topray Solar, Coravin, RUINART.

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