Global Champagne Market Report 2022: Emerging Economies Crucial for Continued Growth - ResearchAndMarkets.com

The "Global Champagne Market, By Price Point, By Distribution Channel, By Product Outlook & By Region - Forecast and Analysis 2022-2028" report has been added to ResearchAndMarkets.com's offering.

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Thursday, October 20, 2022
Information
Tags: 
Retail, Food, Beverage, Wine & Spirits, Growth, Energy drink, Specialty store, VPS, Price point, CAGR, Global, MEA, Primary, Wine, Region, Marketing, Analysis, Industry, Market share, Social media, Lists of countries and territories, Chief executive officer, USD
Geotags: 
EUROPE, CHAMPAGNE, FRANCE, SOUTH AMERICA, NORTH AMERICA
Summary
Key Points: 
  • The "Global Champagne Market, By Price Point, By Distribution Channel, By Product Outlook & By Region - Forecast and Analysis 2022-2028" report has been added to ResearchAndMarkets.com's offering.
  • During the forecast period, the growing economic growth of developing countries could be a significant factor driving the growth of the global champagne market in other regions.
  • The champagne market faces challenges such as stringent government advertising and marketing restrictions, as well as selective distribution of champagne goods.
  • The premiumization of the industry, particularly spirits and wine, is a major driving force behind the alcoholic beverage and champagne market.


The "Global Champagne Market, By Price Point, By Distribution Channel, By Product Outlook & By Region - Forecast and Analysis 2022-2028" report has been added to ResearchAndMarkets.com's offering.

The Global Champagne Market was valued at USD 6.11 Billion in 2021, and it is expected to reach a value of USD 9.3 Billion by 2028, at a CAGR of 6.20% over the forecast period (2022 - 2028).

Champagne is a sparkling wine produced in the Champagne region of France. This alcoholic beverage is produced using specific grape varieties such as Pinot Noir, Pinot Meunier, Chardonnay, and Pinot Blanc, as well as specialized agricultural methods. For decades, champagne has been served at sporting events, anniversaries, celebrations, weddings, happy occasions, and corporate gatherings.

During the forecast period, the growing economic growth of developing countries could be a significant factor driving the growth of the global champagne market in other regions. Manufacturers have developed a variety of flavors to appeal to a wide range of palates in order to meet rising consumer demand for champagne.

Top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research and their market shares in the respective regions were determined through primary and secondary research.

This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report

The Global Champagne Market is segmented based on Price point, Distribution channel, Product Outlook, and Region. Based on Price point it is categorized into: Economy, Mid-Range, Luxury. Based on Distribution channel it is categorized into: Supermarket, Specialty Stores. Based on Product Outlook it is categorized into: Prestige Cuvee, Blanc De Noirs, Blanc De Blancs, Rose Champagne. Based on Region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.

Driver

In the champagne industry, emerging markets have recently emerged as a critical opportunity. Alcohol consumption is becoming more acceptable, and there is a growing demand for small amounts for special occasions, which will fuel growth in emerging economies. Non-religious acceptance of alcohol is growing in tandem with an increase in nightlife and a peer-approval-driven culture. Furthermore, the increased use of social media is introducing the lifestyle to even younger children, as well as developing information sharing and peer ties among young people who have had little exposure to alcoholic beverages.

Restraint

The champagne market faces challenges such as stringent government advertising and marketing restrictions, as well as selective distribution of champagne goods.

Market Trends

The premiumization of the industry, particularly spirits and wine, is a major driving force behind the alcoholic beverage and champagne market. Because of the diverse variety and brands available, as well as the immediate customer service, consumers prefer purchasing champagne from offline stores.

Key Topics Covered:

Executive Summary

Market overview

Parent Market Analysis

Market overview

Market size

KEY MARKET INSIGHTS

COVID IMPACT

MARKET DYNAMICS & OUTLOOK

Global Champagne by Price point

Global Champagne by Product Outlook

Market Size by Region

Companies Mentioned

  • Laurent Perrier (France)
  • Centre Vinicole - Champagne Nicolas Feuillatte (France)
  • Louis Vuitton SE (France)
  • Taittinger (France)
  • Pernod Ricard (France)
  • LANSON-BCC (France)
  • Thienot Bordeaux-Champagnes (France)
  • Piper-Heidsieck, Pommery(France)
  • Veuve Clicquot Ponsardin(France)

For more information about this report visit https://www.researchandmarkets.com/r/98s91q

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