(Food-Beverage-News.Com, May 02, 2023 ) As per Maximize Market research, the Champagne Market was USD 6.05 Bn in 2022 and is expected to grow at a CAGR of 3.2 percent over the forecast period to reach USD 7.78 Bn by 2029.
Champagne Market Report Scope and Research Methodology
The report includes an in-depth region-wise and segment-wise analysis of the Champagne Market size and share. The data for the report is gathered by using both the research methodologies that are primary and secondary and the data collected through research was combined for accurate inference for the Champagne Market.
The Champagne Market is driven by the rising popularity of champagne, increasing preference for low-calorie drinks among individuals and growing adoption of champagne during celebration festivals. The market growth is restrained by the high price of champagne and less availability of flavored champagne in small bottles.
Champagne Market Regional Insights
In 2022, Europe held the Champagne Market with the largest market share and is expected to grow at a significant CAGR for the market over the forecast period. The regional market is driven by the increasing prevalence of premiumization, increasing focus on health-friendly beverages and growing tourism.
Maximize Market Research is leading Food & Beverages research firm, has also published the following reports:
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Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.