North American Champagne Market: Analysis Report, Share, Trends and Overview 2021-2027

 

The North American champagne market is anticipated to grow at a considerable CAGR of 5.8% during the forecast period (2021-2027). The champagnes and sparkling wines are similar, however, due to patent rights; the name ‘champagne’ can’t be used on the products produced outside the Champagne region of France. The US had banned the usage of the ‘champagne’ name on labels of sparkling wines produced in the country. Only the producers that had approved their label before 2006 can use the term ‘champagne' on their product labels.

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According to Wine Institute, the imports of foreign champagne in the US were 2.0% reduced in 2020 as an impact of COVID-19. However, consumption of locally produced champagne was not greatly impacted. The flavoured champagnes are expected to attract more North American consumers during the forecast period. To fulfil this growing demand for flavoured champagne the market players are launching champagnes with various flavours including peach, strawberry, blueberry, orange, pineapple, apple, pear, citrus, cream, vanilla, and nutty.

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Market Coverage

    • The market number available for – 2020-2027

    • Base year- 2020

    • Forecast period- 2021-2027

    • Segment Covered-

o             By Grape Used

o             By Type

o             By Flavor

o             By Distribution Channel

    • Country Covered-

o             US

o             Canada

    • Competitive Landscape- Laurent- Perrier Group, LVMH Moët Hennessy Louis Vuitton SA, Pernod Ricard SA.

Key questions addressed by the report

    • What is the market growth rate?

    • Which segment and region dominate the market in the base year?

    • Which segment and region will project the fastest growth in the market?

    • How COVID-19 impacted the market?

o             Deviation from the pre-COVID-19 forecast

o             Most affected region and segment

    • Who is the leader in the market?

    • How players are addressing challenges to sustain growth?

    • Where is the investment opportunity?

North American Champagne Market Report Segment

By Grape Used

    • Pinot Noir

    • Pinot Meuniere

    • Chardonnay

    • Others

By Type

    • Prestige Cuvee

    • Blanc De Noirs

    • Blanc De Blancs

    • RosA

By Flavor

    • Brut

    • Fruity

By Distribution Channel

    • Hypermarket/Supermarket

    • Specialty Store

    • Online Store

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North American Champagne Market Report Segment by Country

    • US

    • Canada

Company Profiles

·        Diageo plc

·        Dom Perignon

·        LANSON-BCC

·        Laurent- Perrier Group

·        LVMH Moët Hennessy Louis Vuitton SA

·        Moet & Chandan

·        Moet Hennessy USA

·        Nicolas Feuillatte Ste. Michelle Wine Estate

·        Pernod Richard SA

·        Piper Heidsieck Terlato Wines International

·        Veuve Clicquot

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