United States Champagne Market Overview 2023-2028
The United States champagne market is expected to exhibit a growth rate (CAGR) of 4.90% during 2023-2028. The increasing demand for premium quality champagne products, changing consumer preferences, rising disposable income, the growing popularity of social media platforms, and widespread adoption of champagne in anniversaries, events, and birthdays represent some of the key factors driving the market.
Champagne is a sparkling wine produced from grape varieties like pinot noir, chardonnay, and pinot meunier. It contains antioxidants that can help protect the cells from damage. It also aids in improving blood circulation and reducing the risk of coronary heart disease. It is offered in various styles, including non-vintage, vintage, and prestige cuvée, each with unique characteristics and an aging process.
United States Champagne Market Trends and Drivers:
The emerging trend of cocktail culture and the increasing preference for premium alcoholic beverages among millennials represent one of the primary factors driving the demand for champagne in the United States. Moreover, several distilleries in the country are offering a variety of alcohol-free champagne variants in innovative flavors, such as botanical, which is favoring the market growth. In addition, the establishment of commercial spaces, such as distilleries, microbreweries, cafes, restaurants, bars, and hotels, which provide various champagne-based experimental cocktails, is impelling the growth of the market in the country. Apart from this, the rising adoption of gifting champagne with personalized bottles and labels and the growing preferences for home delivery services and to-go packs through online shopping websites that are offering convenience, wider collection, fast shipping facilities, discounted deals, and innumerable payment options is influencing the market positively in the country.
The report segmented the market on the basis of region, product, price, and distribution channel.
Breakup by Product:
- Prestige Cuvée
- Blanc De Noirs
- Blanc De Blancs
- Rosé Champagne
- Others
Breakup by Price:
- Economy
- Mid-Range
- Luxury
Breakup by Distribution Channel:
- Supermarket and Hypermarket
- Specialty Stores
- Online Stores
Regional Insights:
- Northeast
- Midwest
- South
- West
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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