Champagne Market (2024 - 2030)
Champagne Market (2024 Market Summary
The global champagne market was valued at USD 7.19 billion in 2023 and is projected to reach USD 9.83 billion by 2030, expanding at a CAGR of 4.6% from 2024 to 2030. Champagne remains strongly associated with celebrations, luxury experiences, and special occasions, making it a preferred choice for personal milestones as well as corporate and promotional events worldwide. Rising disposable incomes, evolving consumer preferences for premium alcoholic beverages, and increased demand for luxury dining and hospitality experiences are key factors driving market growth. In addition, innovations in blends, packaging, and sustainable production methods continue to attract both new and repeat consumers.
Key Market Trends & Insights
- Champagne consumption is rising due to the growing trend of celebrating life events with premium beverages. Corporate events, luxury hospitality experiences, and brand promotions frequently incorporate champagne, further boosting demand. Product innovation is another major growth driver. Champagne producers are launching new blends, multi-vintage offerings, and sustainable variants to appeal to evolving consumer tastes. For example, in June 2024, Laurent-Perrier introduced “Heritage,” a multi-vintage champagne positioned between non-vintage and premium offerings. Additionally, organic and environmentally responsible champagne production is gaining traction among sustainability-conscious consumers. Wine tourism also plays a crucial role in market expansion. Regions such as Champagne-Ardenne in France attract millions of visitors annually, increasing brand awareness and direct product sales through vineyard tours, tastings, and storytelling centered on heritage and craftsmanship
Market Size & Forecast
- 2024 Market Size: USD 7.19 Billion
- 2030 Projected Market Size: USD 9.83 Billion
- CAGR (2025-2030): 4.6%
Regional Insights
Europe Europe led the global champagne market in 2023, accounting for 66.0% of total revenue. Strong brand heritage, targeted marketing, and high consumer awareness of premium champagne offerings support regional dominance. France remains the core production and consumption hub, with wine education programs and tasting events strengthening demand. North America The U.S. champagne market is expected to witness significant growth during the forecast period. Increased visibility through social media, celebrity endorsements, and the rising number of champagne-focused bars have elevated consumer interest, particularly among younger demographics. Asia Pacific Asia Pacific is projected to be the fastest-growing regional market. Expanding e-commerce platforms, rising luxury consumption, and growing demand for premium beverages are key growth factors. Countries such as China are experiencing increased champagne consumption driven by tourism, fine-dining culture, and high-end hospitality establishments.
Company Insights
Moët & Chandon Veuve Clicquot Laurent-Perrier Perrier-Jouët Champagne Nicolas Feuillatte Piper-Heidsieck Taittinger Louis Roederer Univins et Spiritueux Cook’s Champagne Cellars