Pop, Fizz, Clink: The Champagne Market Sparkles into 2023 to 2033
The champagne market is securing a valuation of US$ 7.3 billion in 2023 and is projected to reach US$ 11.9 billion by 2033. The market is capturing a CAGR of 5% during the forecast period.
The rising nightlife culture and peer approval of drinking habits are projected to boost demand for champagne. Traditionally, champagne was sipped to commemorate milestones or shared success.
Rising consumption of champagne at casual gatherings, even in small quantities, is likely to enhance overall champagne sales. Because of globalisation, individuals travel for employm
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