The Champagne Industry size was valued at USD 6.63 Billion in 2024 and the total Champagne revenue is expected to grow at a CAGR of 3.2% from 2025 to 2032, reaching nearly USD 8.54 Billion.
Market Overview:
The global champagne market is home to the best sparkling wines in the world. It is anticipated to increase gradually due to the timeless and fleeting realization of life's impermanence, a growing emphasis on recognizing individual achievements, and a growing emphasis on celebrating collective accomplishment. Champagne is just sparkling wine to a lot of people. However, during celebrations, it is almost considered sacrosanct in many cultures. According to EU regulations, champagne market operators can only refer to their products as champagne if the wine originates in the champagne region of France.
Market Dynamics:
The growing popularity of champagne and increasing preference for low-calorie drinks among individuals are major factors driving the growth of the target market. Rising growth of the global market. Furthermore, the growing availability of different types of champagne and increasing adoption of champagne during celebration festivals are factors propelling the growth of the global market.
The growing demand for premium alcoholic beverages is essentially driving the global champagne market. This can be due to millennial shifting consumption and increasing sociability trends. Also, different product improvements such as introduction of champagne in new and exotic flavors such as strawberry, blueberry, peach etc. are driving the market growth. Pubs, hotels, restaurants and cafes are also experimenting with wine to create new foods in order to deliver more authentic experiences for their consumers.
However, the high cost of champagne and less availability of flavored champagne in small bottles are major factors expected to hinder the growth of the champagne market globally. Development of cost-effective champagne and introduction of new flavors in champagne can create high revenue opportunities for players in the champagne market.
Segment Analysis:
Based on Product, the market is sub-segmented into Prestige Cuvee, Blanc De Noirs, Blanc De Blancs, Rose Champagne and Others. Blanc de Blancs held the largest share of more than xx% in the global market in 2024. Referred to as the soul of champagne, this product variant is prepared from chardonnay alone. It is extensively popular among consumers owing to its good natural acidity and distinct minerality. Moreover, it can be paired with an extensive range of foods such as shellfish, turbot, sea bass, or even strongly flavoured aged cheese. A market in Europe accounts for largest market share in terms of revenue and is expected to maintain its dominance over the forecast period, because of the presence of a large number of wineries and increasing consumption of alcoholic beverages in the region. The market in North America is expected to witness the fastest growth in the market in terms of revenue over the forecast period, owing to the rising number of recreational clubs and lounges in the region.
Market Regional Analysis:
Europe holds largest shares in the global champagne market in 2024 also champagne was the seventh largest wine-growing in France. Similar to Bordeaux and Burgundy, champagne was considered a ripe wine- growing because the value of its wine was considered relatively stable. From 2019 to 2024. CIVC recorded a worldwide decline in the sale of champagne (-1.7% compared to +0.4% in 2019-2024). Again the backdrop of falling British exports and weak French market. Industry analysts saw the decline in champagne consumption in 2018-2019 as a result of weak consumer prospects and intense export competition from other sparkling wines such as Italian Prosecco.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Champagne Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence.
Key Players are:
1. Moet & Chandon
2. Nicolas Feuillatte
3. Veuve Clicquot
4. Laurent Perrier
5. Dom Perignon
6. Mumm
7. Piper Heidsieck
8. Pommery
9. Taittinger
10.Louis Roederer
11.Perrier Jouet
12.Bollinger
13.Ruinart
14.Pol Roger
15.Lanson
16.Krug
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5. What was the Global Champagne Market size in 2024?
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