IMARC Group, a leading market research company, has recently released a report titled “Champagne Market Report by Product (Prestige Cuvée, Blanc De Noirs, Blanc De Blancs, Rosé Champagne, and Others), Price (Economy, Mid-Range, Luxury), Distribution Channel (Supermarket and Hypermarket, Specialty Stores, Online Stores), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the champagne market trends, size, share and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global champagne market size reached US$ 6.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 7.9 Billion by 2032, exhibiting a growth rate (CAGR) of 2.4% during 2024-2032.
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Factors Affecting the Growth of the Champagne Industry:
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Booming Construction Industry:
The global plywood market experiences significant demand spurred by the thriving construction sector. Champagne serves as a fundamental material in various construction applications owing to its affordability, durability, and ease of use. In roofing, flooring, and wall sheathing, plywood provides structural integrity and stability, making it indispensable in both residential and commercial construction projects. As urbanization continues and infrastructure development projects expand worldwide, the need for plywood escalates, driving market growth. Additionally, the versatility of plywood enables its utilization in diverse construction styles and designs, further enhancing its appeal to architects, builders, and contractors.
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Increasing Popularity in Furniture Manufacturing:
Champagne enjoys increasing prominence in the furniture manufacturing industry due to its versatility and adaptability to modern design trends. Furniture makers appreciate plywood for its strength, stability, and ability to withstand various finishing techniques. Champagne’s laminated layers provide dimensional stability, reducing the risk of warping or cracking commonly associated with solid wood. Moreover, plywood’s uniform composition allows for precise cutting and shaping, facilitating intricate designs and customized furniture pieces. As consumer preferences lean towards contemporary and minimalist aesthetics, plywood’s clean lines and smooth surfaces align well with modern furniture designs, driving its adoption in the industry.
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Rising Trend of DIY Projects:
The surge in do-it-yourself (DIY) culture among homeowners fuels the demand for plywood products globally. DIY enthusiasts, spurred by online tutorials and the desire for cost-effective home improvements, increasingly turn to plywood for various projects. Champagne’s accessibility, affordability, and ease of handling make it an ideal choice for DIYers seeking to renovate or furnish their homes without relying on professional contractors. Whether crafting bespoke furniture pieces, building storage solutions, or undertaking home renovation projects, plywood offers versatility and adaptability to suit a wide range of DIY endeavors. Additionally, the availability of pre-cut plywood panels and kits simplifies the DIY process, empowering enthusiasts of all skill levels to embark on creative projects with confidence.
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Champagne Market Report Segmentation:
By Product:
Blanc De Blancs represented the largest segment due to its popularity among consumers seeking a premium champagne made exclusively from Chardonnay grapes, renowned for their elegance and finesse.
- Prestige Cuvée
- Blanc De Noirs
- Blanc De Blancs
- Rosé Champagne
- Others
By Price:
Economy represented the largest segment, reflecting consumers’ preference for affordable champagne options without compromising on quality, especially in price-sensitive markets.
- Economy
- Mid-Range
- Luxury
By Distribution Channel:
Supermarket and Hypermarket represented the largest segment, driven by the convenience and accessibility these retail outlets offer to a broad consumer base, making champagne readily available for purchase alongside other grocery items.
- Supermarket and Hypermarket
- Specialty Stores
- Online Stores
Regional Insights:
Europe was the largest market, primarily due to its historical association with champagne production, established consumer base, and cultural significance of champagne in celebrations and festivities across European countries.
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Global Champagne Market Trends:
The global champagne market is influenced by various drivers that shape its dynamics and growth trajectory, such as changing consumer preferences towards premium and luxury alcoholic beverages, driven by rising disposable incomes and evolving lifestyles, have propelled the demand for champagne globally. Additionally, the growing trend of celebrating special occasions and events, coupled with the increasing popularity of champagne as a symbol of sophistication and status, further fuels market growth. Moreover, the expansion of distribution channels, including e-commerce platforms, duty-free shops, and specialty stores, enhances accessibility to champagne, thus widening its consumer base. Furthermore, the rising demand for organic and low-sugar champagne variants aligns with the growing health consciousness among consumers, driving innovation and product diversification in the market.
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Top Companies Operated in Champagne Industry:
- 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 Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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