Europe held the dominant position in the global champagne market in 2018 followed by the US. According to Comite Champagne, Europe accounted for 69% of global sales in 2018.
Asia Pacific is the fastest-growing region in the Champagne market and this can be attributed to high demand from economies such as Japan, Australia, and China. As per Comite Champagne, Japan was third largest exporting market for Champagne producers in 2018. The factors driving growth in this region are increasing disposable income, improving standard of living and rising number of HNI’s. As per World Bank, per capita income in East Asia and Pacific region was US$ 10,368 in 2017 up by 2.2 % from 2016.
Among product type, non-vintage Brut held the largest market share in the global champagne market in 2018. According to Comite Champagne, non-vintage brut champagne held a revenue share of 65.8 % in the global champagne market in 2018.
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