Champagne Shipments Hit Record High In U.S. MarketMarch 1, 2019
Despite a modest 2.4% increase last year, Champagne export shipments to the United States rose to a new all-time high of just under 2 million cases, surpassing the previous record set during the pre-millennial celebrations of 1999, according to recently released statistics from Business France. The U.S. is the second-largest export market for Champagne, after only the U.K., and last year’s increase marked its sixth consecutive annual gain.
Veuve Clicquot and Moët & Chandon, both owned by Moët Hennessy, continue to drive the U.S. market forward, with solid 2018 depletions increases of 3.8% and 2.1%, respectively, according to Impact Databank. Those two brands combine for nearly 65% of Champagne consumption in the U.S. market. Placing a distant third is Pernod Ricard’s Perrier-Jouët, which outpaced the market with a 6% gain last year.—Juan BanaagSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.