Champagne Market Demand, Trends and Business Opportunities 2023-2028

Author: Elena Anderson

Marketing Manager

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Global Champagne Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled " Champagne Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2 028,"

the global champagne market is expected to grow at a CAGR of 3.1% during 2023-2028.

Champagne is an alcoholic beverage that is produced from a specific variety of grapes harvested in the Champagne region of France. These grapes are fermented and aged for several years to produce wine with an alcohol content of about 9% by volume. It comprises low amounts of calories and varying levels of sugar with high levels of resveratrol.

Its moderate consumption is widely associated with regulating cholesterol levels, improving heart health, reducing damage to blood vessels, lowering the risks of developing diabetes, and preventing blood clots. It is commonly consumed as a celebratory drink at anniversaries, celebrations, weddings, sporting events, and corporate gatherings.

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Global Champagne Market Trends:

The global market is majorly driven by the rising trend of socialization among the masses. This is supported by rapid urbanization, inflating disposable income levels of individuals and their shifting lifestyle preferences. Moreover, the growing trend of weekend parties and gatherings across the corporate sector is also providing a boost to the demand for premium alcoholic beverages, including champagne. Furthermore, significant growth in the hospitality sector is also creating a positive outlook for the market.

Also, since champagne is widely utilized in the preparation of gourmet food preparations across luxury hotels, the rising popularity of food tourism is facilitating its uptake on the global level. Apart from this, multiple key players are increasingly participating in the production of champagne by combining advanced technologies and traditional hybridization techniques to gain a competitive edge in the market. Some of the other factors contributing to the market growth include the advent of canned champagne and the growing preference for purchasing unique and exotic flavored champagne through online retail channels

View Report TOC, Figures and Tables: https://www.imarcgroup.com/champagne-market

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Key Market Segmentation

The research report includes the following segments:

Breakup by Product:

• Prestige Cuvée

• Blanc De Noirs

• Blanc De Blancs

• Rosé Champagne

• Others

Breakup by Price:

• Economy

• Mid-Range

• Luxury

Breakup by Distribution Channel:

• Supermarket and Hypermarket

• Specialty Stores

• Online Stores

Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

Competitive Landscape with Key Players:

• Arvitis

• Centre Vinicole – Champagne Nicolas Feuillatte

• Champagne Piper-Heidsieck

• Diageo

• LANSON-BCC,

• Laurent-Perrier

• LVMH Moët Hennessy Louis Vuitton

• Pernod Ricard

• Taittinger

• Vranken - Pommery Monopole SA.

Report Description

1. What was the size of the global champagne market in 2022?

2. What is the expected growth rate of the global champagne market during 2023-2028?

3. What are the key factors driving the global champagne market?

4. What has been the impact of COVID-19 on the global champagne market?

5. What is the breakup of the global champagne market based on the product?

6. What is the breakup of the global champagne market based on the price?

7. What is the breakup of the global champagne market based on the distribution channel?

8. What are the key regions in the global champagne market?

9. Who are the key players/companies in the global champagne market?

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/champagne-market/toc

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