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Showing posts with the label Champagne Market Outlook

The global Champagne Market Growth Accelerated by Increasing Adoption in Social Gatherings

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  Champagne is a sparkling wine produced from grapes grown in the Champagne region of France with specific production methods. It is renowned worldwide for its fine taste, premium quality and noble status. Champagne helps in adding charm and celebration to social events, parties and gatherings. The increasing socialization and celebrations across regions have propelled the demand for Champagne. The global Champagne Market is estimated to be valued at US$ 7.67 Bn in 2023 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing trend of social gatherings such as wedding ceremonies, formal parties, birthdays and corporate events have accelerated the adoption of Champagne globally. The perception of Champagne as a symbol of luxury, wealth and sophistication has prompted its use in enriching the lifestyle events and celebrations. Various innovations such as pre...

Augmented Reality is Fastest Growing Segment Fueling Growth of the global Champagne Market

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  Champagne is a sparkling wine produced from grapes grown in the Champagne region of France following strict production methods. It has a distinctive taste and aroma resulting from second fermentation that occurs in the bottle. Champagne is popular for celebrations and events owing to its effervescent quality and pleasant taste. The global Champagne Market is estimated to be valued at US$ 7.67 Bn in 2023 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key trends in the  Champagne market  is the growing adoption of augmented reality for enhancing marketing and branding. Major Champagne producers are leveraging augmented reality-based filters, games, virtual experiences, and phone-based apps to engage with younger consumers. For instance, Veuve Clicquot has launched phone filters that allow consumers to digitally insert themselves holding a b...