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Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of expe.....
Absinthe Market size was valued at US$ 35.2 billion in 2023 and is poised to grow at a 3.6% CAGR from 2024 to 2030. Absinthe is generally a distilled & highly alcoholic beverage that has 45-74% alcohol. Absinthe is primarily derived from flowers, sweet fennel, as well as leaves of grand wormwood coupled with green anise, and other medicinal herbs. Absinthe first originated in Switzerland. With wide-ranging applications in medical, food& beverage, and cosmetic industries, absinthe market will be anticipated to have progressive growth in the current time as well as over the forecasted period.
Furthermore, with has medicinal benefits, such as enhancing metabolism, removing intestinal worms, relieving stress, and calming the nerves propelling market growth. The negative impact of COVID-19 on several industries in many countries due to lockdowns travel bans and business closures. During the Covid-19 pandemic, the food and beverage industry has also faced major losses, it also disrupted the supply and demand chain of raw materials and products transportation system and interrupted the supply of raw materials, which, in turn, badly affected the absinthe market growth.
However, key players are planning to restart their operations, and the demand for absinthe is presumed to rise since consumers are buying food products through online stores. Furthermore, food & beverage producing companies are also going with some safety measures to fight the coronavirus, preventing direct contact with delivery persons & visitors, strengthening & communicating proper hygiene practices, and directing complete sanitation. With all these factors, it can be presumed during post-pandemic, the demand for absinthe products will take a boom and would expect to have progressive growth over the forecasted period.
Study Period
2024-2030Base Year
2023CAGR
3.6%Largest Market
North AmericaFastest Growing Market
North America
The absinthe market is primarily driven by the increasing alcohol and other beverages consumption. For instance, in 2019, as per the report of the World Health Organization, the people of Czechia consumed the most alcohol per capita, with citizens consuming 14.26 liters of pure alcohol; Latvia used up 13.19 liters and Moldova consumed 12.85 liters of pure alcohol per capita. Furthermore, continuous launching of drinks with varieties of flavors will push the market absinthe market demand globally. Absinthe market is constrained by the prohibition of the usage of alcoholic drinks in some regions owing to their harmful effects and their use as a hallucinogen drug.
The Absinthe market in North America is likely to hold a significant revenue share in 2021, and, in the following years, it is predicted to dominate the global Absinthe market during forecast period due to numerous usages of absinthe like sedatives, pain relievers, and many others consequently boosting the demand of this market. Furthermore, with the introduction of new products among consumers in this region would expect to expand the global absinthe market. The Asia Pacific witnessed hold the highest share in the forecasted period owing to investment in discoveries and developments of medicinal benefits of absinthe and increasing demand of food and beverages and cosmetic products in populous countries of the asia pacific region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 35.2 billion |
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Market CAGR |
3.6% |
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By Type |
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By Application |
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By Region |
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The absinthe market size was valued at US$ 35.2 billion in 2023
Pacific Distillery LLC, Teichene, La Clandestine, Duplais Verte, Butterfly Absinthe, La Fee Absinthe, Kubler Absinthe Superieure
North America is the fastest-growing region for the absinthe market
| 1. Executive Summary |
| 2. Global Absinthe Market Introduction |
| 2.1. Global Absinthe Market Taxonomy |
| 2.2. Global Absinthe Market Definitions |
| 2.2.1. Type |
| 2.2.2. Application |
| 2.2.3. Geography |
| 3. Global Absinthe Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Absinthe Market Dynamic Factors - Impact Analysis |
| 3.6. Global Absinthe Market - Competition Landscape |
| 4. Global Absinthe Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Absinthe Market, By Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1. Absinthe Amber |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Absinthe Blanche |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Absinthe Ordinaire |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Absinthe Verte |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Premium Absinthe |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Absinthe Reve Pastis |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Absinthe Bohemian |
| 5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 5.8. Absinthe Liqueur |
| 5.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.8.3. Market Opportunity Analysis |
| 6. Global Absinthe Market Forecast, By Application, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1. Food and Beverage Industry |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Medical Industry |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Cosmetic Industry |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. Global Absinthe Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Absinthe Market - Opportunity Analysis Index, By Type, Application, and Region, 2024 - 2030 |
| 8. North America Absinthe MarketAnalysis,2019 - 2023 and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 8.1. Type Analysis 2019 - 2023and Forecast 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Absinthe Amber |
| 8.1.2. Absinthe Blanche |
| 8.1.3. Absinthe Ordinaire |
| 8.1.4. Absinthe Verte |
| 8.1.5. Premium Absinthe |
| 8.1.6. Absinthe Reve Pastis |
| 8.1.7. Absinthe Bohemian |
| 8.1.8. Absinthe Liqueur |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 8.2.1. Food And Beverage Industry |
| 8.2.2. Medical Industry |
| 8.2.3. Cosmetic Industry |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Absinthe Market - Opportunity Analysis Index, By Type, Application, and Country, 2024 - 2030 |
| 8.5. North America Absinthe Market Dynamics Trends |
| 9. Europe Absinthe Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 9.1. Type Analysis 2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Absinthe Amber |
| 9.1.2. Absinthe Blanche |
| 9.1.3. Absinthe Ordinaire |
| 9.1.4. Absinthe Verte |
| 9.1.5. Premium Absinthe |
| 9.1.6. Absinthe Reve Pastis |
| 9.1.7. Absinthe Bohemian |
| 9.1.8. Absinthe Liqueur |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Food And Beverage Industry |
| 9.2.2. Medical Industry |
| 9.2.3. Cosmetic Industry |
| 9.3. Country Analysis 2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Poland |
| 9.3.8. Rest of Europe |
| 9.4. Europe Absinthe Market - Opportunity Analysis Index, By Type, Application, and Country, 2024 - 2030 |
| 9.5. Europe Absinthe Market Dynamics Trends |
| 10. Asia-Pacific Absinthe Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 10.1. Type Analysis 2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Absinthe Amber |
| 10.1.2. Absinthe Blanche |
| 10.1.3. Absinthe Ordinaire |
| 10.1.4. Absinthe Verte |
| 10.1.5. Premium Absinthe |
| 10.1.6. Absinthe Reve Pastis |
| 10.1.7. Absinthe Bohemian |
| 10.1.8. Absinthe Liqueur |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Food And Beverage Industry |
| 10.2.2. Medical Industry |
| 10.2.3. Cosmetic Industry |
| 10.3. Country Analysis2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Japan |
| 10.3.2. China |
| 10.3.3. India |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Absinthe Market - Opportunity Analysis Index, By Type, Application, and Country,2024 - 2030 |
| 10.5. Asia-Pacific Absinthe Market Dynamics Trends |
| 11. Latin America Absinthe Market Analysis,2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 11.1. Type Analysis 2019 - 2023and Forecast 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Absinthe Amber |
| 11.1.2. Absinthe Blanche |
| 11.1.3. Absinthe Ordinaire |
| 11.1.4. Absinthe Verte |
| 11.1.5. Premium Absinthe |
| 11.1.6. Absinthe Reve Pastis |
| 11.1.7. Absinthe Bohemian |
| 11.1.8. Absinthe Liqueur |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Food And Beverage Industry |
| 11.2.2. Medical Industry |
| 11.2.3. Cosmetic Industry |
| 11.3. Country Analysis 2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Argentina |
| 11.3.4. Rest of Latin America |
| 11.4. Latin America Absinthe Market - Opportunity Analysis Index, By Type, Application, and Country, 2024 - 2030 |
| 11.5. Latin America Absinthe Market Dynamics Trends |
| 12. Middle East and Africa Absinthe Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 12.1. Type Analysis 2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Absinthe Amber |
| 12.1.2. Absinthe Blanche |
| 12.1.3. Absinthe Ordinaire |
| 12.1.4. Absinthe Verte |
| 12.1.5. Premium Absinthe |
| 12.1.6. Absinthe Reve Pastis |
| 12.1.7. Absinthe Bohemian |
| 12.1.8. Absinthe Liqueur |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Food And Beverage Industry |
| 12.2.2. Medical Industry |
| 12.2.3. Cosmetic Industry |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. Israel |
| 12.3.3. South Africa |
| 12.3.4. Rest of MEA |
| 12.4. MEA Absinthe Market - Opportunity Analysis Index, By Type, Application, and Country, 2024 - 2030 |
| 12.5. MEA Absinthe Market Dynamics Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Product Type& Service Testing Types, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Pacific Distillery LLC |
| 13.2.2. Teichene |
| 13.2.3. La Clandestine |
| 13.2.4. Duplais Verte |
| 13.2.5. Butterfly Absinthe |
| 13.2.6. La Fee Absinthe |
| 13.2.7. Kubler Absinthe Superieure |
| 13.2.8. Hill's Liquere North America |
| 13.2.9. Vieux Carre |
| 13.2.10. Doubs Mystique |
| 13.2.11. C.F. Berger |
| 13.2.12. Lucid |
| 13.2.13. Metelka |
| 13.2.14. Rudolf Group |
| 13.2.15. Jade Nouvelle Orleans |
| 13.2.16. Rudolf GmbH |
| 13.2.17. Mansinthe |
| 13.2.18. Philadelphia Distilling Company |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.