Societe Jacques Bollinger SA Released a Limited-Edition Champagne
In October 2022, To commemorate 40 years of collaboration with 007, Societe Jacques Bollinger SA released a unique limited-edition champagne called "Special Cuvee, The Bollinger Style." James 007 and his Aston Martin DB5 are depicted in silhouette on the limited-edition gift box.
Growing Alcohol Sales Online Will Fuel Market Expansion
Internet alcohol sales, particularly those of champagne, are growing increasingly swiftly. On-demand delivery services like Drizly are the key market players in this worldwide champagne market. In order to accommodate rising consumer demand, well-known e-commerce merchants have also lately entered the market. A growing number of Champagne producers have launched direct-to-consumer portals in reaction to the Covid-19 outbreak to increase their internet sales. Historically, distributors and retailers have been the primary channels through which Champagne producers have sold their wines. Direct-to-consumer (DTC) channels have, however, been a popular way for producers to make up for lost revenues while the hospitality sector struggles on. In April 2020, for instance, Champagne Palmer launched its direct-to-consumer (DTC) internet store. Moreover, Uber Eats now offers delivery of alcoholic beverages. This component is therefore anticipated to support overall champagne sales through online commerce.
Changing Consumer Preference Could Impede Growth
The Champagne market may be impacted by shifting customer preferences in a number of ways. Champagne may become less popular if customers turn to lower-alcohol or non-alcoholic drinks as they grow more health aware. The market for Champagne produced using traditional techniques may also be impacted by customer interest in wines made from organic or responsibly cultivated grapes. Also, as younger generations reach the legal drinking age, their tastes may change from those of earlier generations. Younger consumers, for instance, could be more inclined to experiment with brand-new wines than they are to stick with conventionally luxurious goods like Champagne.
Major Players Develop Acquisition Plans to Boost Brand Image
The leading businesses in the champagne market plan acquisitions to improve their brand recognition globally. For instance, in April 2022, Champagne White and rose "Grande Cuvées" champagnes were introduced by the LVMH brand Krug. These champagnes were created in 2014, a year Krug calls "erratic."
- In April 2021, Ruinart Champagne has created new champagne packaging made of Second Skin, an eco-friendly material. The brand-new, 100 percent paper case is recyclable and can withstand the icy-cold of an ice bucket for several hours. The innovative design safeguards the wine's quality by shielding incoming light and being environmentally responsible.
- Champagne GH Martel & Co
- Moet Hennessy USA, Inc
- Vranken - Pommery Monopole
- Pernod Ricard
- Louis Roederer
- Veuve Clicquot
- Andre Champagne Cellars
- Centre Vinicole – Champagne Nicolas Feuillatte
- G.H. Mumm et Cie
- The market in Europe is expected to gain a huge portion of the global Champagne market share in the coming years because alcohol is traditionally a key component in festivities.
- Additionally, the legalisation of online alcohol delivery in a number of nations, notably the UK and Germany, has increased the availability and convenience of the commodity.
- In the Asia Pacific, the growth in this region is primarily driven by increasing public support for wineries and a rise in local disposable income.
|Market Size in 2022||USD 7.2 Billion|
|Market Forecast in 2030||USD 9.7 Billion|
|Compound Annual Growth Rate||5.10 %|
|Unit||Revenue (USD Million) and Volume (Kilo Tons)|
|Segmentation||By Product, By Distribution Channel, By Grade Type, By Flavor, By Price Point and By Geography|
|By Distribution Channel||
|By Grade Type||
|By Price Point||