“The price of champagne is 20% higher than in 2019”, sales expected to reach $ 6 billion – CBS Sacramento

SACRAMENTO (CBS13) – Ringing in the New Year with a toast of sparkling wine may end up costing you more than you thought, as the popularity of champagne is bursting again.

Sales fell in 2020 when the pandemic canceled many New Years parties.

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But industry group UMC says sales are expected to hit more than $ 6 billion this year, which would be a new record.

In France, some brands are struggling to meet demand.

“A lot of champagne producers are not able to supply us,” said a Parisian trader.

Part of the reason, grapes in France have been hit by bad weather this year, causing production to drop. And in the United States, that leads to higher prices.

“We’ve seen the prices on our platform go up a bit,” said Cathy Lewenberg of Drizzly.com. She went on to say that the average price of champagne is 20% higher than in 2019 and that high-end labels are in high demand.

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“The best-selling brands from a champagne perspective are Veuve Clicquot, Moet and Dom Perignon, all of which were top sellers for the month of December,” Lewenberg said.

At West Coast retailer Bevmo, people can shop in person, online, or have items delivered through the Go Puff app.

On the site, a small number of specific champagnes are out of stock but there is still a large variety available. The company saw increased demand not only for champagne, but also for alternatives not made in France.

“We have seen a 10% increase in local California sparkling wine year over year,” Lewenberg said.

And while champagne prices may rise, spirits also remain high as the country raises a glass through 2022.

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Production problems are expected to continue in France, meaning champagne prices could stay higher for much of the new year.


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