Global Champagne Market, By Product (Prestige Cuvée, Blanc De Noirs, Blanc De Blancs, Rosé Champagne, and Others), Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, and Online Stores), Grade Type (Pinot Meunier, Pinot Noir, and Chardonnay), Flavour (Fruity and Brut), Price Point (Economy, Mid-range, and Luxury), Sales Channel (Offline Sales Channel and Online Sales Channel) – Industry Trends and Forecast to 2031.
Champagne Market Analysis and Size
The changing consumption patterns in Europe and North America, characterized by a rise in food service establishments and casual drinking occasions, have significantly impacted the champagne market. Once reserved for special events like weddings and achievements, champagne is now being embraced for more relaxed gatherings such as birthdays, office parties, and dinners. Additionally, the increasing popularity of vintage wines and champagnes reflects consumer preferences for authentic flavors and experiences, leading to a surge in demand. As premiumization continues to shape the alcoholic beverage market, especially in spirits and wine, Champagne's association with luxury and sophistication positions it for further growth.
The global champagne market size was valued at USD 7.3 billion in 2023 and is projected to reach USD 11.90 billion by 2031, with a CAGR of 6.30% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016 - 2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Prestige Cuvée, Blanc De Noirs, Blanc De Blancs, Rosé Champagne, and Others), Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, and Online Stores), Grade Type (Pinot Meunier, Pinot Noir, and Chardonnay), Flavour (Fruity and Brut), Price Point (Economy, Mid-range, and Luxury), Sales Channel (Offline Sales Channel and Online Sales Channel)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America
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Market Players Covered
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LANSON-BCC (France), Champagne GH Martel & Co (France), Taittinger (France), Moet Hennessy USA, Inc (U.S.), Vranken - Pommery Monopole (France), Pernod Ricard (France), Louis Roederer (France), Veuve Clicquot (France), Pommery (France), Piper-Heidsieck (France), Andre Champagne Cellars (U.S.), Alumiceal (U.S.), Centre Vinicole – Champagne Nicolas Feuillatte (France), G.H. Mumm et Cie (France), Bollinger (France), and Artwinery (Ukraine)
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Market Opportunities
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Market Definition
Champagne is a sparkling wine produced in the Champagne region of France. It is made using specific grape varieties, primarily Pinot Noir, Pinot Meunier, and Chardonnay, and is fermented using the traditional method, which involves a second fermentation in the bottle to create its characteristic bubbles. Champagne is known for its association with celebrations and luxury, and it is protected by French law, which dictates that only sparkling wines produced in the Champagne region can be labeled as Champagne.
Champagne Market Dynamics
Drivers
- Innovative Marketing to Change Consumer Perceptions
Champagne houses are utilizing creative storytelling, captivating visuals, and experiential champagne marketing to stand out in a highly competitive market. Collaborations with influencers, celebrities, and artists generate excitement and broaden brand appeal across diverse demographics. In April 2021, Ruinart Champagne's launch of the Eco-Friendly Second Skin Packaging exemplified innovative branding in the champagne market. The fully recyclable 100% paper case preserves the wine's integrity while aligning with evolving consumer preferences for sustainability and eco-conscious products. By continuously reinventing themselves and meaningfully engaging with consumers, champagne producers establish emotional connections, sustaining interest and driving the growth of champagne sales.
- Rising Popularity of Champagne Cocktails
Champagne cocktails provide consumers with versatile and innovative ways to enjoy champagne beyond traditional celebrations, appealing to a broader demographic. Mixologists and bartenders are continually experimenting with champagne as a key ingredient in various cocktails, creating new flavors and experiences that attract younger consumers and cocktail enthusiasts. Champagne producers benefit from expanded market opportunities and increased consumer interest. This trend boosts champagne consumption and drives demand for different styles.
Opportunities
- Increased Tourism Fuels
With tourists seeking memorable experiences, champagne becomes associated with luxury, celebration, and indulgence, resulting in increased demand. Hospitality establishments frequently feature champagne prominently on their menus, offering it for special occasions or as a staple beverage, thereby driving sales volume. The association of champagne with luxury and hospitality enhances its perceived value, attracting both domestic and international consumers. In addition, tourism hubs serve as key markets for champagne producers, allowing them to showcase their products to a diverse audience and establish brand recognition, contributing to sustained growth in the market.
- Growing Popularity of Western-style celebrations
Rising affluence and changing consumer preferences in emerging economies have led to increased demand for luxury goods, including champagne, as symbols of celebration and status. Champagne manufacturers are actively targeting these markets, leveraging their brand prestige and heritage to capture the attention of affluent consumers. In addition, evolving lifestyles and social trends in these regions, such as the growing popularity of Western-style celebrations and luxury experiences, further fuel the demand for champagne. Consequently, expanding into new markets presents lucrative opportunities for champagne producers to diversify their customer base and drive sales growth in the global market.
Restraints/Challenges
- High Production Costs
The labor-intensive nature of champagne production, involving manual processes such as hand-harvesting grapes and extended aging periods in cellars, contributes to elevated expenses. The Champagne region's designation imposes geographical limitations, leading to limited and costly land and resources. These high costs can constrain profit margins, making it challenging for smaller producers to compete effectively and potentially leading to higher retail prices for consumers.
- Regulatory Hurdles Constrain Champagne Adoption
Compliance with quality standards adds complexity and costs for producers. Navigating international trade regulations and certifications presents barriers to market entry and expansion. Changes in regulatory frameworks, such as tariffs or labeling requirements, can disrupt supply chains and impact export markets. Overall, regulatory constraints create administrative burdens and limit flexibility for champagne producers, constraining growth opportunities and innovation within the industry.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In May 2024, Pernod Ricard and ecoSPIRITS announced a new phase in their relationship by entering into a five-year global licensing agreement. This partnership will facilitate the distribution of Pernod Ricard’s spirits brands using ecoSPIRITS’ circular packaging technology to on-trade venues worldwide
- In September 2023, Laurent-Perrier partnered with the leading department store Selfridges to launch its new Laurent-Perrier Cuvée Rosé “Petals” robe, available both in-store and online. Champagne Laurent-Perrier has introduced its latest artistic edition, “Petals.” This vibrant new robe adds a splash of color and an extra layer of indulgence, serving as a perfect table centerpiece that can be reused to encase future bottles
- In October 2022, Societe Jacques Bollinger SA commemorated 40 years of collaboration with 007 by launching a limited edition champagne, "Special Cuvee, The Bollinger Style." The champagne, packaged in a distinctive gift box featuring James Bond's silhouette and his iconic Aston Martin DB5, pays homage to the longstanding collaboration and the sophistication associated with both the brand and the fictional character
Champagne Market Scope
The market is segmented on the basis of product, distribution channel, grade type, flavor, price point, and sales channel. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Prestige Cuvée
- Blanc De Noirs
- Blanc De Blancs
- Rosé Champagne
- Others
Distribution Channel
- Supermarkets/Hypermarkets
- Specialty Stores
- Online Stores
Grade Type
- Pinot Meunier
- Pinot Noir
- Chardonnay
Flavour
- Fruity
- Apple
- Pear
- Citrus
- Strawberry
- Nutty
- Cream
- Vanilla
- Brut
Price Point
- Economy
- Mid-range
- Luxury
Sales Channel
- Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
- Online Sales Channel
- Company Website
- E-commerce Platform
Champagne Market Regional Analysis/Insights
The market is analyzed and market size insights and trends are provided by country, product, distribution channel, grade type, flavor, price point, and sales channel as referenced above.
The countries covered in the market are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.
North America is expected to dominate the market due to its cultural significance, especially during ceremonies and celebrations where alcohol has a traditional role. This cultural association drives consistent demand, ensuring the region's ongoing prominence in the market. Furthermore, North America's affluent consumer base and preference for luxury products significantly bolster its leading position in champagne consumption.
Asia-Pacific is expected to show significant growth due to increased support for wineries and a growing appreciation for wine culture and consumption. Rising disposable incomes among consumers in this region enable them to enjoy premium wine products. The wine industry in Asia-Pacific is poised for growth, with a growing demand for diverse wine varieties and experiences.
The country section of the report also provides individual market-impacting factors and changes in market regulation that affect the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, Porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Champagne Market Share Analysis
The market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, regional presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus on the market.
Some of the major market players operating in the market are:
- LANSON-BCC (France)
- Champagne GH Martel (France)
- Taittinger (France)
- Moet Hennessy USA, Inc (U.S.)
- Vranken - Pommery Monopole (France)
- Pernod Ricard (France)
- Louis Roederer (France)
- Veuve Clicquot (France)
- Pommery (France)
- Piper-Heidsieck (France)
- Andre Champagne Cellars (U.S.)
- Alumiceal (U.S.)
- Centre Vinicole – Champagne Nicolas Feuillatte (France)
- G.H. Mumm et Cie (France)
- Bollinger (France)
- Artwinery (Ukraine)
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