Global Champagne Market Size, Share, Growth, Trends and Industry Analysis Report, 2019 to 2025
The global champagne market size was valued at USD 5.5 billion in 2018. Increasing alcohol consumption in different parts of the world, fueled by increasing purchasing power, is expected to remain a key driving force.
(firmenpresse) - The global champagne market size is expected to reach USD 7.2 billion by 2025, according to a new report by Grand View Research, Inc., registering a 4.0% CAGR during the forecast period. Increasing traction among consumers on account of changing lifestyles, rising brand awareness, online sales, and its evolving use in various cocktails and cuisines is expected to have a positive impact on market growth.
The market has been receiving increasing interest from celebrities and public figures, who have been teaming up with leading brands to launch new products. For instance, in January, 2019 Aubrey Drake Graham, the Grammy award-winning Canadian singer, launched his champagne range under the French label Mod S
Similarly, Usain Bolt, the Olympics champion sprinter launched his signature champagne Mumm Olympe Ros
Champagne manufacturers have been striving to innovate the containing bottles to stand out and create their own signature. In March 2019, a French winemaker launched a bottle for champagne packaging that changes color when cooled enough, to indicate that it is ready to be served. The original color of the bottle is white, but when chilled, appears to be covered in musical notes and butterflies. The Infinite Eight Champagne is produced in northeastern France and was first launched in Japan, followed by France. Similarly, Mumm Grand Cordon redesigned its packaging by replacing its front label with an original red ribbon that has been laser cut into the glass, resembling the signature Mumm sash. The design is complimented by the G.H.Mumm logo and eagle emblem inscribed directly onto the glass.
Some of the key players operating in the global market are Centre Vinicole - Champagne Nicolas Feuillatte, LANSON-BCC, Laurent Perrier, LVMH Mo
Further key findings from the report suggest:
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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Grand View Research, Inc
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Datum: 15.11.2019 - 05:20 Uhr
Sprache: Deutsch
News-ID 1553962
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Date of sending: 15.11.2019
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