The rising economic growth in the developed economies, coupled with increasing purchasing capacity of the consumers, are the key factors propelling the champagne market growth. Moreover, the increasing acceptance for the consumption of alcohol in the cultural beliefs of consumers further boosts the market growth over the forecast period. However, stringent government regulations pertaining to alcohol consumption and production are forecast to hamper the overall growth of the champagne market.
Companies Mentioned
- Champagne Piper-Heidsieck
- LANSON-BCC
- Laurent Perrier
- LVMH group
- NICOLAS FEUILLATTE
- Pernod Ricard
- Pommery
- Taittinger
- Thiénot Bordeaux-Champagnes
- Veuve Clicquot Ponsardin
- …
(**Note: The sample of this report is updated with COVID-19 impact analysis**)
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Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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