Champagne Industry to Reach USD 11.9 Billion by 2033, Fueled by Rising Consumer Preference for Premium Sparkling Wine

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. Growing Popularity of Champagne Upsurge the Global Market Consumers are fond of champagne due to its sparking unique taste and quality. The …

FMI Forecasts Champagne Market to Soar to US$ 11.9 Billion by 2033 at 5% CAGR

In recent years, the Champagne Market has embraced sustainability and environmental responsibility. As environmental concerns gained prominence, several Champagne houses implemented eco-friendly practices, from organic and biodynamic viticulture to reducing their carbon footprint during production and distribution. The Champagne Market is securing a valuation of US$ 7.3 Billion in 2023 and is projected to reach US$ 11.9 Billion by …