At a (CAGR) of 3.2%, Champagne Market to Reach US$ 7 Billion by 2027 | Diageo LANSON-BCC Laurent-Perrier

SHERIDAN, UNITED STATES, November 22, 2022 /EINPresswire.com/ -- According to the latest report by IMARC Group, titled "Champagne Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ The global champagne market size reached US$ 5.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 7 Billion by 2027, exhibiting a growth rate (CAGR) of 3.2% during 2022-2027.

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.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Market Trends and Drivers:

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. 

Champagne Market 2022-2027 Competitive Analysis and Segmentation:

Key Market Segmentation:

The report has segmented the global champagne market on the basis of product, price, distribution channel and region.

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 (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iran, Others)

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

TOC for the Report:

• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• Global Market
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape

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Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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