The global champagne market was valued at USD 7.19 billion in 2023 and is projected to reach USD 9.83 billion by 2030, growing at a CAGR of 4.6% from 2025 to 2030. Champagne continues to be associated with celebrations and special occasions, and the rising trend of marking life events with premium beverages is a key growth driver.
The increasing use of champagne in corporate events and promotional activities is also boosting market demand. Product innovation plays a pivotal role, as producers explore new blends, formats, and packaging to attract a broader audience. For example, in June 2024, Laurent-Perrier introduced Heritage, a multi-vintage blend positioned between its entry-level and high-end offerings. Such innovations appeal to both new consumers and loyal buyers seeking unique experiences.
Sustainability is also influencing the market, with growing interest in organic and eco-friendly champagne options, aligning with consumer preferences for responsibly produced goods.
Key Market Insights:
- Europe led the global champagne market with a 66.0% revenue share in 2023, supported by strong brand heritage, premium positioning, and marketing efforts that highlight craftsmanship, terroir, and exclusivity—appealing to discerning consumers.
- By type, Blanc de Blancs held the largest market share at 26.0% in 2023. Its crisp acidity and mineral profile make it a popular choice for food pairing, especially with seafood and lighter cuisine, aligning with evolving culinary preferences.
- By distribution channel, the off-trade segment dominated in 2023. Supermarkets, liquor stores, and online platforms offered wide accessibility, diverse brand options, and competitive pricing—meeting varying consumer needs and purchasing habits.
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Market Size & Forecast
- 2023 Market Size: USD 7.19 Billion
- 2030 Projected Market Size: USD 9.83 billion
- CAGR (2024-2030): 4.6%
- Europe: Largest market in 2024
- Asia Pacific: Fastest growing market
Key Companies & Market Share Insights
Key players in the Champagne Market include:
Champagne Nicolas Feuillatte is one of the top-selling champagne brands in France and enjoys a strong international presence. Its portfolio includes a range of offerings such as Brut Réserve, Palmes d'Or, and Brut Rosé, catering to both traditional and modern preferences with a focus on quality and accessibility.
Veuve Clicquot, a prominent player in the global market and a part of the LVMH Group, is renowned for its premium champagne offerings. The brand’s well-known products include Yellow Label Brut, Rosé, La Grande Dame, Demi-Sec, and more. Veuve Clicquot maintains a strong reputation for innovation, consistency, and elegance, contributing to its leadership in the luxury champagne segment.
Key Players
- Moët & Chandon
- Laurent-Perrier
- Champagne Piper-Heidsieck
- Champagne Nicolas Feuillatte
- Perrier-Jouët
- Veuve Clicquot
- Univins et Spiritueux
- Taittinger
- Louis Roederer
- Cook’s Champagne Cellars, Madera, CA.
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Conclusion
The champagne market is set for continued expansion, fueled by its strong association with celebratory events and increasing corporate functions. Europe currently holds a dominant position, while regions like Asia Pacific and North America are projected to experience notable growth. Key market trends include advancements in product offerings, rising wine tourism, and the strategic emphasis brands place on their heritage and craftsmanship. The industry is dynamic, with major companies and ongoing innovations shaping its trajectory as e-commerce and retail channels expand globally.
