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A recent report by Grand View Research has projected the global champagne market to witness healthy growth over the coming years, owing to changing lifestyles and traditions across the globe, the rise in number of pubs, bars, and restaurants, and innovations on the part of manufacturers.
The global
champagne market size is projected to reach USD 7.2 billion by 2025, advancing at a CAGR of 4.0% during the forecast period, as per a report by Grand View Research, Inc. Factors such as rapid shift in lifestyles, growing brand awareness, online sales, and evolving use of champagne in various cocktails and cuisines is expected to positively impact the market growth in the coming years. With an increasing number of bars and restaurants have been focusing on expanding their inventory of wines and spirits, the market is expected to further expand at a healthy pace. Furthermore, there has been an increased inv