Champagne Market Overview, Trends, Opportunities, Growth and Forecast by 2021-2026
According to the latest report by IMARC Group, titled “Champagne Market Share: Global Industry Trends, Size, Growth, Opportunity and Forecast 2021-2026”, the global champagne market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 3% during 2021-2026.
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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Champagne refers to an alcoholic beverage that is manufactured from grapes, citrus fruits, almonds, apples, etc. It is usually preserved for prolonged periods of time since aging enhances its texture and adds complexity to its taste. Champagne comprises of lower levels of calories and sugar as well as higher quantities of resveratrol when compared to wine. Its low-to-moderate consumption offers various health benefits, including improving the mood, reducing cholesterol, minimizing the risk of diabetes, enhancing cardiovascular health, lowering damage to blood vessels, etc. Champagne is popular across countries as a celebratory drink during anniversaries, sports events, parties, weddings, etc.
The increasing prevalence of cocktail culture is among the primary factors driving the champagne market. Besides this, the elevating levels of urbanization, the inflating disposable incomes of consumers, and the shifting preferences towards premium champagne are further bolstering the market growth. Moreover, the expanding food tourism and culinary service sectors are escalating the adoption of champagne in luxury hotels for gourmet cooking. This, in turn, is also augmenting the global market. Apart from this, the emerging trend of combining traditional hybridization techniques with advanced tools to produce better varieties of champagne is acting as another significant growth-inducing factor. Furthermore, the growing popularity of e-commerce platforms and the rising product availability via online retailers are expected to catalyze the champagne market in the coming years.
Champagne Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global champagne market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
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
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 Asia-Pacific Europe Latin America Middle East and Africa
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Key highlights of the report:
Market Performance (2015-2020) Market Outlook (2021-2026) Industry Trends Market Drivers and Success Factors The Impact of COVID-19 on the Global Market Value Chain Analysis Structure of the Global Market 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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