Champagne Market size to grow by USD 2.06 billion from 2021 to 2026|Growing demand from millennials to drive market growth - Technavio

NEW YORK, July 4, 2023 /PRNewswire/ -- The Champagne Market size is estimated to grow by USD 2.06 billion from 2021 to 2026. The market is estimated to be growing at a CAGR of 5.4% during the forecast period. Europe is estimated to account for 35% of the market growth during the forecast period. Around 80% of the champagne consumed worldwide is produced in France using traditional methods and ingredients. The significant production of grapes, particularly in France, makes Europe the largest regional market. Moreover, people prefer drinks with reduced alcohol content as they work to adopt a healthy lifestyle and many manufacturers have created natural flavors like fruity, sweet, and nutty to satisfy this need. Hence, such factors drive the regional market growth during the forecast period. For comprehensive details on the market size of historic period(2017 to 2021) and forecast period (2023-2027) - View Sample report

Champagne market - Vendor Landscape
The champagne market is fragmented; the vendors are competing with competitors and are trying to get a greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major vendors have well-established economies of scale and market presence and generally rely on positioning technological advances and the price of the products -The report provides a full list of key vendors, their strategies, and the latest developments. Buy Now

Champagne Market - Market Dynamics

Major Drivers & Challenges- 

Growing demand from millennials drives the growth of the champagne market during the forecast period. Individuals in the age group of 24-40 years are generally known as Millennials. They constitute a major segment of the global population. Millennials increasingly become aware of the authenticity of different types of alcoholic beverages, including champagne. Such interest in alcoholic beverages is mainly driven by the expanding multicultural group of consumers and the growing influence of social media. Hence, millennials account for a majority of the demand for different varieties of champagne, which will have a positive impact on the growth of the global champagne market during the forecast period. 

Campaigns against alcohol consumption impede market growth during the forecast period. The growing incidence of alcohol abuse and alcohol-related accidents, especially among the younger population, has led to many regulatory and social organizations launching campaigns against alcohol consumption. In October 2021, Gaon Connection collaborated with the World Health Organization (WHO) to initiate campaigns against alcohol abuse in Goa. Similarly, the 'Alcohol. Furthermore, alcohol Concern is a non-profit organization involved in conducting various campaigns against the consumption of alcohol and its ill effects in England and Wales. Hence, such challenges impede market growth during the forecast period.

Key Trends- 

Expansion of the e-commerce sector is an emerging market trend shaping the Champagne market. The availability of online stores and online specialty retailers provides a wide range of choices to consumers. Additionally, online shopping convenience is also a factor, as consumers are more comfortable with online shopping. This preference is because it allows them to compare the prices of alcoholic beverages such as champagne. Moreover, the evolving landscape of the global retail industry is enabling vendors to develop online strategies to target new market segments and retain old customers. Hence, such trends boost the market growth during the forecast period.

Technavio has identified key trends, drivers, and challenges in the market, which will help clients improve their strategies to stay ahead of their competitors. - View Sample Report

Company Profiles

The champagne market report includes information on the product launches, sustainability, and prospects of leading vendors, including Champagne GH Martel, Champagne Laurent Perrier, Champagne Louis Roederer, Champagne Nicolas Feuillatte, Champagne Piper Heidsieck, Champagne Taittinger CCVC, Champagne Veuve A.Devaux, CONSTELLATION BRANDS INC., E. and J. Gallo Winery, F. Korbel and Bros, LANSON BCC, LVMH Moet Hennessy Louis Vuitton SE, Pernod Ricard SA, Remy Cointreau SA, THIENOT SAS Co., Veuve Clicquot Ponsardin, and VRANKEN POMMERY MONOPOLE.

Competitive Analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others.

Champagne market - Market Segmentation

This report extensively covers the champagne market segmentation by distribution Channel (offline and online) and geography (Europe, North America, APAC, South America, and the Middle East and Africa). 

The market share growth by the offline segment will be significant for market growth during the forecast period. The most common offline distribution channels for champagne include individual retailers, supermarkets, hypermarkets, and alcoholic beverage outlets. These distribution channels allow consumers to choose from a large variety of champagne products as they have dedicated sections for different brands. Moreover, offline distribution channels have cost advantages, as they do not have to bear the additional cost of seating, which will drive segment growth.

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021 

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Distribution Channel

• 5.1 Market segments 
• Exhibit 24: Chart on Distribution Channel - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Distribution Channel - Market share 2021-2026 (%)

• 5.2 Comparison by Distribution Channel 
• Exhibit 26: Chart on Comparison by Distribution Channel
• Exhibit 27: Data Table on Comparison by Distribution Channel

• 5.3 Offline - Market size and forecast 2021-2026
• Exhibit 28: Chart on Offline - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Offline - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Offline - Year-over-year growth 2021-2026 (%)

• 5.4 Online - Market size and forecast 2021-2026
• Exhibit 32: Chart on Online - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Online - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Online - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Online - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Distribution Channel
• Exhibit 36: Market opportunity by Distribution Channel ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 Europe - Market size and forecast 2021-2026
• Exhibit 42: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.4 North America - Market size and forecast 2021-2026
• Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.5 APAC - Market size and forecast 2021-2026
• Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026
• Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 Germany - Market size and forecast 2021-2026
• Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.10 China - Market size and forecast 2021-2026
• Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.11 Italy - Market size and forecast 2021-2026
• Exhibit 74: Chart on Italy - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Italy - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Italy - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Italy - Year-over-year growth 2021-2026 (%)

• 7.12 France - Market size and forecast 2021-2026
• Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)

• 7.13 Japan - Market size and forecast 2021-2026
• Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.14 Market opportunity by geography 
• Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers 

• 8.2 Market challenges 

• 8.3 Impact of drivers and challenges 
• Exhibit 87: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends 

9 Vendor Landscape

• 9.1 Overview 

• 9.2 Vendor landscape 
• Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 89: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 90: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 91: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 92: Matrix on vendor position and classification

• 10.3 Champagne Laurent Perrier 
• Exhibit 93: Champagne Laurent Perrier - Overview
• Exhibit 94: Champagne Laurent Perrier - Product / Service
• Exhibit 95: Champagne Laurent Perrier - Key offerings

• 10.4 Champagne Nicolas Feuillatte 
• Exhibit 96: Champagne Nicolas Feuillatte - Overview
• Exhibit 97: Champagne Nicolas Feuillatte - Product / Service
• Exhibit 98: Champagne Nicolas Feuillatte - Key offerings

• 10.5 Champagne Piper Heidsieck 
• Exhibit 99: Champagne Piper Heidsieck - Overview
• Exhibit 100: Champagne Piper Heidsieck - Product / Service
• Exhibit 101: Champagne Piper Heidsieck - Key offerings

• 10.6 Champagne Taittinger CCVC 
• Exhibit 102: Champagne Taittinger CCVC - Overview
• Exhibit 103: Champagne Taittinger CCVC - Product / Service
• Exhibit 104: Champagne Taittinger CCVC - Key offerings

• 10.7 LANSON BCC 
• Exhibit 105: LANSON BCC - Overview
• Exhibit 106: LANSON BCC - Product / Service
• Exhibit 107: LANSON BCC - Key offerings

• 10.8 LVMH Moet Hennessy Louis Vuitton SE
• Exhibit 108: LVMH Moet Hennessy Louis Vuitton SE - Overview
• Exhibit 109: LVMH Moet Hennessy Louis Vuitton SE - Business segments
• Exhibit 110: LVMH Moet Hennessy Louis Vuitton SE - Key news
• Exhibit 111: LVMH Moet Hennessy Louis Vuitton SE - Key offerings
• Exhibit 112: LVMH Moet Hennessy Louis Vuitton SE - Segment focus

• 10.9 Pernod Ricard SA 
• Exhibit 113: Pernod Ricard SA - Overview
• Exhibit 114: Pernod Ricard SA - Product / Service
• Exhibit 115: Pernod Ricard SA - Key offerings

• 10.10 THIENOT SAS Co. 
• Exhibit 116: THIENOT SAS Co. - Overview
• Exhibit 117: THIENOT SAS Co. - Product / Service
• Exhibit 118: THIENOT SAS Co. - Key offerings

• 10.11 Veuve Clicquot Ponsardin 
• Exhibit 119: Veuve Clicquot Ponsardin - Overview
• Exhibit 120: Veuve Clicquot Ponsardin - Product / Service
• Exhibit 121: Veuve Clicquot Ponsardin - Key offerings

• 10.12 VRANKEN POMMERY MONOPOLE 
• Exhibit 122: VRANKEN POMMERY MONOPOLE - Overview
• Exhibit 123: VRANKEN POMMERY MONOPOLE - Product / Service
• Exhibit 124: VRANKEN POMMERY MONOPOLE - Key offerings

11 Appendix

• 11.1 Scope of the report 

• 11.2 Inclusions and exclusions checklist
• Exhibit 125: Inclusions checklist
• Exhibit 126: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 127: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 128: Research methodology
• Exhibit 129: Validation techniques employed for market sizing
• Exhibit 130: Information sources

• 11.5 List of abbreviations 
• Exhibit 131: List of abbreviations

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