Posted 1/15/2024, 6:34:26 PM
Champagne Bubbles Settle After Pandemic Sales Spike
- Champagne sales dropped 8.2% in 2023 to 299 million bottles, nearing pre-pandemic levels after a pandemic sales boom
- Value of sales remained over $6 billion due to more expensive Champagnes being sold
- Sales slumped similarly within France, Champagne's largest market, due to high inflation
- Other spirits like whiskey also saw slipping sales as stockpiling eased with reopened bars/restaurants
- Extreme weather hampered the 2021 French wine harvest, costing $2 billion in lost Champagne sales