The Europe Champagne Market was valued at USD 2.05 billion in 2024 and is predicted to grow at USD 2.53 billion by 2029 with an increasing CAGR of 4.19 % during 2024 to 2029.
Sparkling wine is primarily a kind of wine that comprises of Champagne. Champagne is made from the grapes Pinot Noir, Pinot Meunier, and Chardonnay. Methode Champenoise refers to the traditional way of manufacturing Champagne, which includes grape fermentation and other phases. Champagnes come in a variety of styles, including non-vintage brut, prestige cuvees, rose, higher dosage champagnes, and low dosage champagnes. Increased brand recognition, improving economic conditions, inventive branding, expansion in the premium wine sector, and rising consumption in emerging markets are all contributing to the Europe Champagne market's rise.
As a result, people are more likely to value exquisite quality and exclusivity in items, and are willing to pay a higher price for them, fueling the rise of the champagne business. As global living standards rise, customers' desire for luxury goods and services is likely to rise as well.In recent years, increased economic expansion in developing economies has been a major driver of the rise of the European champagne market. The market's rise is aided by consumers' rising acceptance of alcohol drinking in their cultural beliefs. Bars and lounges are establishments that specialize in providing a variety of alcoholic beverages for consumption on-site in a social setting. Bars frequently appeal to rich patrons by providing costly "premium" champagne. Many lounges also sell a variety of low-cost flavored champagnes, which have grown in popularity among individuals who like social gatherings. The aforementioned elements are leading in higher bar and lounge culture penetration, which is promoting the expansion of the industry.
The availability of a diverse range of flavored champagnes has resulted in a growing consumer base, which is projected to drive Europe's champagne market expansion throughout the forecast period. The introduction of flavors such as candy, fruit, and nutty, among others, has resulted in an increase in the number of people who drink champagne. Champagne is becoming more popular as a component in cuisines and a variety of cocktails in the foodservice industry, which is projected to drive the champagne market forward throughout the forecast period. Due to their excellent quality and inexpensive pricing, non-vintage champagnes are the most popular choice among consumers. Non-vintage champagnes are popular because of the brand recognition, taste, and fragrances associated with a particular brand or label. According to recent news sources, global warming is endangering the champagne market's future. Previously, grape harvest would begin in August. However, recent temperature shifts have pushed it back until mid-to-late September. Furthermore, when temperatures rise and maturation becomes more difficult, grape acidity decreases. Wines with lower acidity may lose their freshness. Therefore, these factors may further affect the Europe champagne market growth during the forecast period.
Based on grape used, pinot noir is predicted to hold the largest Europe champagne market share during 2024 to 2029. Pinot noir is variety of red wine grape, which is mostly utilized to prepare red wine along with champagne. Pinot noir has a lower sugar level and fewer calories than other wines, in addition to being high in resveratrol. The antioxidant properties of resveratrol aid to relieve joint discomfort by inhibiting cartilage breakdown. The strong antioxidant content of pinot noir aids in the reduction of blood pressure and bad cholesterol.
Based on type, prestige curvee is anticipated to dominate the Europe champagne market during the forecast period. It's a producer's best Champagne, made using the best grapes from Champagne's top vineyards. In most situations, a prestige cuvee is a high-end Vintage Champagne, however a few manufacturers provide prestige cuvees that aren't vintage. Têtes de Cuvee is the French name for premium cuvees.
Online sales of alcoholic beverages, particularly champagne, are increasing at a quicker rate. On-demand delivery apps, such as Drizly, are the segment's driving forces. To meet the growing demand from consumers, well-known e-commerce retailers have recently entered the sector. In 2015, the Amazon Prime Now mobile application in the United States offered one-hour delivery of alcoholic beverages. Uber Eats has recently included alcohol to its list of home delivery options. This, in turn, is predicted to boost overall champagne sales through online retailing.
Fruit flavor dominates the Europe champagne market. Apple, nutty, citrus, pear, strawberry, cream, and vanilla are all examples of fruity flavors. Old-world champagnes with a nutty flavor profile are the most popular. The Brut kind of champagne is currently the most popular. Brut Champagne is classified as dry champagne because it has a dry flavor and contains very little sugar.
France champagne market has the largest share in Europe. Champagne, which is unique to France, has a high penetration rate in the country compared to other alcoholic beverages. As a result, the country accounted for a considerable portion of global champagne consumption. Furthermore, the increasing frequency of premiumization in the market is raising the product's value sales. Wines with descriptions like "no taste additions, gluten-free, low carb, vegan-friendly, sulfite-free, low calorie, low alcohol, light, lighter, organic, paleo-friendly, etc." are becoming increasingly popular among French customers. This is due to a growing emphasis on healthy foods and beverages that is sweeping the country.
Moët Hennessy USA, LANSON-BCC, Vranken - Pommery Monopole, Champagne Laurent-Perrier S.A.S, Pernod Ricard, Rémy Cointreau, Centre Vinicole Champagne Nicolas Feuillatte, Martel, Louis Roederer, Taittinger are some of the notable companies in the Europe Champagne market.
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