Champagne is a French beverage made from grapes harvested in the Champagne region. The grapes used are specific, including pinot noir, pinot meuniere, and chardonnay. These grapes are fermented to produce wine with an alcohol content of about 9% by volume. Champagne, often known as sparkling wine, is strictly regulated by France's Comit? Champagne. Champagne has been consumed as a celebratory drink at sporting events, anniversaries, celebrations, weddings, joyous occasions, and corporate gatherings for decades.
MARKET SCOPE
The "Global Champagne Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the champagne market with detailed market segmentation by type, category, distribution channel, and geography. The report provides key statistics on the market status of the leading champagne market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global champagne market is segmented into red, whire, and rose.
- On the basis of distribution channel, the market is segmented into supermarkets and hypermarkets, specailty stores, online retail, and others.
MARKET DYNAMICS
Drivers
- Increasing number of bars and restaurants have been focusing on expanding their inventory of wines and spirits is significantly driving the market growth.
- The rising spending by bars, hotels, lounges, and airline services to keep champagne with various flavor variants on their menu is significantly contributing to the expansion of the champagne market.
- The champagne market is driven by changing consumer lifestyles, rising brand awareness, and evolving use of champagne in various cocktails and cuisines.
- Rising popularity of vintage wines on account of rising awareness among consumers regarding authentic flavors is propelling the demand of champagne in the market.
Restraints
- The stringent government regulations pertaining to alcohol consumption and production may impede the growth of the market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The champagne market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the champagne market in these regions.
IMPACT OF COVID-19 ON CHAMPAGNE MARKET
Although the COVID-19 pandemic is still transforming the evolution of numerous industries, the outbreak's immediate impact is diverse. The impact of lockdowns, supply chain interruptions, demand destruction, and changes in customer behavior has had a substantial impact on the champagne market. The global food and beverages industry are one of the major industries that is suffering serious disruptions such as supply chain breaks, technology events cancellations, office shutdowns, etc., as a result of this outbreak. For instance, China is the global hub of manufacturing and the largest raw material supplier for various industries, and it is also one of the worst-affected countries. The lockdown of various plants and factories in China is affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and sales of various food ingredients and products. All these factors are anticipated to affect the food and beverages industry in a negative manner and thus act as a restraining factor for the growth of various markets related to this industry in the coming months.
MARKET PLAYERS
The report covers key developments in the champagne market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from champagne market are anticipated to lucrative growth opportunities in the future with the rising demand for champagne in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the champagne market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Agroittica Lombarda SpA
- AmStur Champagne
- California Champagne Company, LLC.
- Champagne CreatorInc
- Champagne de France
- Champagne de Riofrio
- Karat Champagne
- L Osage Cavier Co
- Sasanian Champagne Inc
- THE CHAMPAGNE COMPANY
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.