NEW YORK , July 22, 2024 /PRNewswire/ -- The global champagne market size is estimated to grow by USD 2.51 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6% during the forecast period.
Growing demand for champagne from millennials is driving market growth, with a trend towards expansion of the e-commerce sector. However, rising competition from other alcoholic beverages poses a challenge. Key market players include 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., De Castellane, E. And J.
Gallo Winery, F. Korbel and Bros, Joseph Perrier , Krug Champagne , LANSON BCC, LVMH Moet Hennessy Louis Vuitton SE, Veuve Clicquot Ponsardin, Pernod Ricard SA, Remy Cointreau SA, THIENOT SAS Co., and VRANKEN POMMERY MONOPOLE.
Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report Market Driver The global champagne market experiences growth due to the expanding availability of online stores and specialty retailers. Consumers appreciate the convenience of online shopping, allowing them to compare prices and make informed decisions on champagne purchases. Vendors benefit from this trend by selling directly to consumers through online platforms, eliminating intermediaries and offering competitive pricing.
Online sales channels.