Retail sales of fine wines/Champagne and spirits are expected to rise at a 2% CAGR at constant 2023 prices over 2023-2028 to total CAD3.3 billion.
Other fine wine looks set to record a 2% CAGR at constant 2023 prices over the forecast period to amount to CAD2.7 billion, with it being likely to remain by far the largest category within fine wines/Champagne and spirits.
Although the recovery of fine Champagne may still face some difficulties in the post-COVID-19 period, the return to normalcy and the resumption of celebrations, parties and special events should all continue to boost sales. The future of fine Champagne is likely to be shaped in a positive way by the adaptability and innovation displayed by Champagne houses during the pandemic.
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Understand the latest market trends and future growth opportunities for the Fine Wines/Champagne and Spirits industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Fine Wines/Champagne and Spirits
This is the aggregation of fine wines and luxury spirits.
See All of Our DefinitionsThis report originates from Passport, our Fine Wines/Champagne and Spirits research and analysis database.
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