Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6.0 Billion | USD 8.2 Billion | 3.5% | 2021 |
FrequentlyAsked Questions
The main components promoting the expansion of the champagne market are the accessibility of many champagne tastes and rising expenditure by hotels, airline services, and other businesses to maintain champagne of various flavors. Other significant factors that influence the growth of the champagne industry include the increasing use of champagne in various cocktails and cuisines.
According to the report, the global market size was worth around USD 6.0 billion in 2021 and is predicted to grow to around USD 8.2 billion by 2030 with a compound annual growth rate (CAGR) of roughly 3.5% between 2022 and 2030.
The global champagne market growth is expected to be driven by Europe. It is currently the world’s highest revenue-generating market owing to the high customer acceptance of the product in Germany, Belgium, France, and the UK.
The global champagne market is dominated by players like Champagne GH Martel & Co, LANSON-BCC, Moet Hennessy USA, Inc, Taittinger, Vranken - Pommery Monopole, Pernod Ricard, Louis Roederer, Veuve Clicquot, Pommery, Piper-Heidsieck, Andre Champagne Cellars, Alumiceal, Centre Vinicole – Champagne Nicolas Feuillatte, G.H. Mumm et Cie, Bollinger, Artwinery among others.
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