Latin America Champagne Market

Latin America Champagne Market Size (2024 To 2029)

Latin America market is expected to be worth USD 0.53 billion in 2024 to achieve USD 0.71 billion by 2029 with a CAGR of 5.90%

Champagne is a product produced from grapes that are grown in the Champagne region of France. The grapes that are used are very specific such as Pinot Noir, Pinot Meunier, and Chardonnay. These grapes are fermented to make wine that contains about 9% of alcohol by volume. Champagne is also known as sparkling wine and is strictly regulated by Comité Champagne of France. Various wine-producing country produces sparkling wine similar to champagne, but any other wine which might resemble champagne cannot be sold or labeled as champagne. All champagnes are sparkling wine, but all sparkling wines are not champagne. Grapes that are grown according to the appellation rules are only allowed to make champagne. The rising economic growth in developing economies has been a key factor driving the growth of the Latin America champagne market in recent years. The growing acceptance for the consumption of alcohol in the cultural beliefs of consumers Is further aiding the market growth. Bars and lounge are those businesses which are specialized in selling a variety of alcoholic drinks that patrons can consume onsite in a social environment. More often than not, bars cater to an affluent clientele, offering expensive “premium” champagne.

Many lounges also offer a wide variety of inexpensive flavored champagne, which have become increasingly popular among those who for social gathering. The above-mentioned factors are resulting in increased penetration of the bars and lounge culture which in turn is boosting the growth of the champagne market. Availability of a wide variety of flavored champagne is resulting in increasing consumer base and this is expected to fuel market growth over the forecast period. Introduction of flavors such as candy, fruit, and nutty etc. has been leading to an increasing number of individuals consuming champagne.

Latin America Champagne Market is segmented, and sub segmented into following categories

Latin America Champagne Market - By Grape Seed:

• Pinot Noir
• Pinot Meunier
• Chardonnay

Latin America Champagne Market – By Type:

• Prestige Cuvee
• Blanc de Noirs
• Blanc de Blancs
• rosé champagne.

Latin America Champagne Market – By Distribution Channels:

• Supermarkets/Hypermarkets
• Specialty Stores
• Online Stores

Supermarkets/hypermarkets are anticipated to hold a relatively high share in the champagne market. Online stores also have a significant contribution to the growth of the champagne market over the forecast period.

Latin America Champagne Market – By Flavour:

• Brut
• Fruity Flavour

Fruity flavour segment can further be segmented into apple, pear, citrus, strawberry, nutty, cream and vanilla. Nutty-flavoured champagnes are the most common of the old-world champagnes. The most popular style of champagne today is the Brut. Brut Champagne is considered as dry champagne and has a dry taste, with very low sugar levels.

Latin America Champagne Market - By Region:

• Argentina
• Brazil
• Mexico
• rest of the Latin America

KEY MARKET PLAYERS:

Key market payers of Latin America Champagne Market are 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.