Champagne Market Overview, Analysis and market Outlook
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Sparkling wine, such as Champagne, is a form of sparkling wine. Champagne is only used to describe sparkling wines made from grapes cultivated in the Champagne area of France. Pinot Noir, Pinot Meunier, and Chardonnay are the grapes needed to make Champagne. The traditional method of making Champagne, which includes grape fermentation and other stages, is known as Methode Champenoise. Non-vintage brut, prestige cuvees, rose, higher dosage champagnes, and low dosage champagnes are among the several types of Champagnes available on the market.
Market Overview
For many
people, Champagne is just a sparkling wine. In many cultures, though, it is
virtually sacred during festivals. Champagne
market operators are only allowed to describe their products as
champagne if the wine comes from the Champagne area of France, according to EU
regulations. In addition, the EU mandates that champagne be made according to
strict appellation regulations. These regulations specify the procedures for
carbonation, grape sourcing, specialised vineyard practises, and
region-specific pressing methods.
Champagne Market |
Champagne
producers place a premium on royalties when branding their wines. Champagne's
association with monarchy and nobility has led to the beverage's widespread
popularity among the increasing middle class. The widespread appeal of the champagne
industry has been further fueled by the traditions of prominent wine cellars.
Market Outlook
In 2018,
Europe dominated the global champagne market, followed by the United States. In
2018, Europe contributed for 69 percent of global sales, according to Comite
Champagne. Due to significant demand from markets such as Japan, Australia, and
China, Asia Pacific is the fastest-growing area in the Champagne industry.
Japan was the third largest export market for Champagne producers in 2018,
according to Comite Champagne. Increasing discretionary income, a higher
standard of living, and an increase in the number of HNIs are all driving
growth in this region.
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