Allied Market Research

Rise in aspiration of consumers for experiential luxury is expected to drive the market for champagne during the forecast period. In addition, increase in preference for non-vintage champagne among middle-income and upper middle-income consumers due to is characteristic flavor and aroma drives the growth of the global market.

WILMINGTON, Del., Nov. 11, 2025 /PRNewswire/ -- The champagne market was valued at $6.7 billion in 2023, and is projected to reach $10.2 billion by 2033, growing at a CAGR of 4.4% from 2024 to 2033.

Prime determinants of growth

The increasing disposable incomes and the rise of the middle class in emerging markets have led to greater demand for luxury products, including Champagne. As consumers seek out premium and celebratory beverages, this has boosted sales in regions such as Asia-Pacific and North America. Moreover, changing social trends and the growing culture of celebration, especially in events such as weddings, corporate parties, and holidays, are major contributors to the market's expansion. Champagne is often seen as a symbol of status and festivity, making it a popular choice for special occasions. In addition, innovation in product offerings and marketing strategies has also played a role. Producers are introducing diverse product lines, including organic and vintage Champagnes, to cater to changing consumer preferences and trends like sustainability.

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Report coverage & details:

Report Coverage Forecast Period Base Year Market Size in 2023 $6.7 billion Market Size in 2035 CAGR No. of Pages in Report Segments Covered Drivers   Opportunity   Restraints

Details   2024–2033   2023 $10.2 billion