(EMAILWIRE.COM, April 23, 2018 ) Latin America Champagne market is anticipated to grow at XX% CAGR from 2017 to 2022 and it is estimated that the Latin America market was valued at USD XX billion in 2017 and is expected to reach USD XX billion by 2022.

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Champagne is a product produced from grapes that are grown in the Champagne region of France. The grapes that are used are very specific such as Pinot Noir, Pinot Meunier, and Chardonnay. These grapes are fermented to make wine that contains about 9% of alcohol by volume. Champagne is also known as the sparkling wine and is strictly regulated by Comité Champagne of France. Various wine producing country produces sparkling wine similar to champagne, but any other wine which might resemble champagne cannot be sold or labeled as champagne. All champagnes are sparkling wine, but all sparkling wines are not champagne. Grapes that are grown according to the appellation rules are only allowed to make champagne.

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The rising economic growth in developing economies has been a key factor driving the growth of the Latin America champagne market in recent years. The growing acceptance for consumption of alcohol in the cultural beliefs of consumers Is further aiding the market growth. Bars and lounge are those businesses which are specialized in selling a variety of alcoholic drinks that patrons can consume onsite in a social environment. More often than not, bars cater to an affluent clientele, offering expensive “premium” champagne. Many lounges also offer a wide variety of inexpensive flavored champagne, which have become increasingly popular among those who for social gathering. The above-mentioned factors are resulting in increased penetration of the bars and lounge culture which in turn is boosting the growth of the champagne market. Availability of a wide variety of flavored champagne is resulting in increasing consumer base and this is expected to fuel market growth over the forecast period. Introduction of flavors such as candy, fruit, and nutty etc. has been leading to an increasing number of individuals consuming champagne.

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The Latin America Champagne market is segmented on the basis of Type, Material, Printing Technology and Application. On the basis of grape used, the market is segmented into Pinot Noir, Pinot Meunier, and Chardonnay. Black pinot noir and Pinot Meunier are the primarily used grapes for champagne making but a few white Chardonnay grapes are also used. On the basis of type, the market is segmented into prestige Cuvee, Blanc de Noirs, Blanc de Blancs and rosé champagne. On the basis of distribution channel, the market is segmented into supermarkets/hypermarkets, specialty stores, and online stores. Supermarkets/hypermarkets are anticipated to hold a relatively high share in the champagne market. Online stores also have a significant contribution to the growth of the champagne market over the forecast period. On the basis of flavors, the market is segmented into brut and fruity flavor. Fruity flavor segment can further be segmented into apple, pear, citrus, strawberry, nutty, cream and vanilla. Nutty flavored champagnes are the most common of the old-world champagnes. The most popular style of champagne today is the Brut. Brut Champagne is considered as a dry champagne and has a dry taste, with very low sugar levels.

Based on geography, the Champagne market is segmented into Argentina, Brazil, Mexico and rest of the Latin America.

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The market is dominated by companies like Moët Hennessy USA, LANSON-BCC, Vranken - Pommery Monopole, Champagne Laurent-Perrier S.A.S., Pernod Ricard, Rémy Cointreau, Centre Vinicole Champagne Nicolas Feuillatte, Martel, Louis Roederer, and Taittinger.

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