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Absinthe Market By Applications (Food And Beverage, Cosmetics And Medical), By Type (Absinthe Blanche, Absinthe Amber, Absinthe Verte, Absinthe Ordinaire, Absinthe Reve Pastis, Absinth Bohemian, Absinthe Liqueur, Premium Absinthe And Others) And By Region - Global Industry Analysis, Size, Share, Growth, Trends, Global Forecast 2022 to 2027

Published: January, 2022
ID: 4569
Pages: 185

Absinthe Market Value and Growth:

Absinthe Market was worth USD 36 billion in 2021 and is estimated to be growing at a CAGR of 3.4%, to reach USD 44.3 billion by 2027.

The definition of absinthe is a highly alcoholic, distilled beverage that has anywhere between 45 and 75% alcohol content. The source of the liquid is from the flowers and leaves of the Artemisia absinthium along with additional components such as medicinal and culinary herbs. As for appearances, it is found in the traditional natural green color along with a colorless variety.Absinthe is also harmful in some cases due to the presence of the thujone chemical compound. Other than from the traditional source, absinthe can also be manufactured from beets, grains and potatoes. The variety of uses for Absinthes includes as painkillers, sedatives and an antiparasitic. Other uses include for stress relief, calming the nerves and general digestive health.

Absinthe Market

Absinthe Market Drivers and Restraints:

Drivers:

Since its ban in the United States was lifted in 2007, Absinthe has become extremely popular in both the mature and burgeoning Absinthe market. This can be related to an increase in Absinthe consumption after 2007. Furthermore, the Absinthe industry has benefited from a surge in disposable income. Other factors that contribute to the market's growth include the launch of new flavors by different market players and the trend of the overall increase in the consumption of alcoholic beverages by consumers.

The newly discovered therapeutic benefits of Absinthe, such as the treatment of parasitic worm diseases in the digestive tract, are one of the key reasons affecting the Absinthe market growth. It has been shown to accelerate digestion, and enhance saliva, stomach acid, and other digestive enzymes. The application of Absinthe in the cosmetics industry and the rising demand for luxury alcoholic beverages are two further drivers of this market. The Absinthe market is also expected to rise as demand for the drink grows, particularly among artists and painters, musicians, and guitarists.

Restraints:

Absinthe was widely characterized as an addictive psychoactive medication that induces hallucinations. The negative perception of Absinthe's side effects, as well as reports of mental instability, are the primary restraints that are restricting the growth of the Absinthe market globally.

Opportunity:

With the rising disposable income, the spending capacity of the consumers is also rising. This provides a lucrative opportunity for the market players to tap the potential market. This is a huge opportunity provided especially by the developing economies.

The burgeoning demand for luxury alcoholic beverages is another potential opportunity providing a huge potential Absinthe market globally. The changing tastes and preferences of the consumers can be attributed to the growth of the Absinthe market.

Challenges:

The main challenge for the commercial limitations of the Absinthe market is the alleged dangers to human health posed by its intake. Another misconception is that Absinthe intake causes hallucinations. These factors can pose a serious threat to the growth of the market globally.

The closure of numerous industrial plants and factories due to Covid 19 has had a severe influence on global supply chains, affecting manufacture, delivery schedules, and sales of items across the worldwide market. Furthermore, worldwide travel bans enforced by European, Asia-Pacific, and North American countries are impacting commercial partnerships and chances of collaboration

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 - 2026

Base Year

2021

Forecast Period

2022 - 2027

CAGR

3.4%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

 

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

 

Market Leaders Profiled

Doubs Mystique, Duplais Verte, Pacific Distillery, Alandia GmbH & Co. KG, Butterfly absinthe, Jade Liqueurs LLC, Lucid Absinthe Supérieure, Kübler Absinthe Superieure, La Clandestine, Hill's Liquere North America, Philadelphia Distilling Company, Teichenne, S.A., Milan METELKA and RUDOLF

Recent Developments in Absinthe Market Industry:

Hendrick's entered the spirit industry in November 2019 with the debut of modern Absinthe which features the brand's distinctive flavours of rose and cucumber. Anise and wormwood extracts are used to flavour this Absinthe. The typical absinthe botanicals, as well as juniper orange and yarrow, are included as well. These mixes add a lot of flavour to the product.

Detailed Segmentation of the Absinthe Market:

The Global Absinthe market is broadly classified by Applications into

  • Food and Beverage

  • Cosmetics 

  • Medical

based on Type 

  • Absinthe Blanche

  • Absinthe Amber

  • Absinthe Verte

  • Absinthe Ordinaire

  • Absinthe Reve Pastis

  • Absinth Bohemian

  • Absinthe Liqueur

  • Premium Absinthe

Absinthe Market Regional Analysis:

  • North America

  • Europe

  • Asia-Pacific

  • Latin America

  • Middle East and Africa

North America dominated the Absinthe market in 2021, accounting for more than 36% of the total market share. Absinthe is used as a pain reliever, sedative, and antiparasitic, among other things. Additional benefits include stress alleviation, nerve soothing, and digestive wellness. These beneficial properties of Absinthe are expected to drive the market growth further in the forecast period in this region.

Asia-Pacific is likely to grow quickly in the forecast period with the highest CAGR. The newly discovered therapeutic benefits of Absinthe, such as the treatment of parasitic worm diseases in the digestive tract, are one of the key reasons affecting the Absinthe market. It has been shown to accelerate digestion, and increase saliva, stomach acid, and other digestive enzymes. Applications in the cosmetics industry and demand for alcoholic beverages are two further market drivers in this region.

Latin America is another attractive market region, with strong growth rates predicted in the forecast years with France, the UK, and Germany being the major contributors from this region.

  • Europe

  • The Middle East and Africa

Absinthe Market Key players:

  1. Doubs Mystique,

  2. Duplais Verte

  3. Pacific Distillery

  4. Alandia GmbH & Co. KG

  5. Butterfly absinthe

  6. Jade Liqueurs LLC

  7. Lucid Absinthe Supérieure

  8. Kübler Absinthe Superieure

  9. La Clandestine,

  10. Hill's Liquere North America,

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Applications                               

                                5.1.1 Introduction           

                                5.1.2 Food and Beverages           

                                5.1.3 Cosmetics

                                5.1.4 Medical    

                                5.1.5  Y-o-Y Growth Analysis, By Applications      

                                5.1.6  Market Attractiveness Analysis, By Applications    

                                5.1.7  Market Share Analysis, By Applications     

                5.2 Type                              

                                5.2.1 Introduction           

                                5.2.2 Absinthe Blanche 

                                5.2.3 Absinthe Amber   

                                5.2.4 Absinthe Verte     

                                5.2.5 Absinthe Ordinaire              

                                5.2.6 Absinthe Reve Pastis          

                                5.2.7 Absinthe Bohemian            

                                5.2.8 Absinthe Liqueur  

                                5.2.9 Premium Absinthe              

                                5.2.10 Others    

                                5.2.11 Y-o-Y Growth Analysis, By Type   

                                5.2.12 Market Attractiveness Analysis, By Type

                                5.2.13 Market Share Analysis, By Type   

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Applications

                                                6.1.3.3 By Type

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Applications

                                                6.1.4.3 By Type

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Applications

                                                6.1.5.3 By Type

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 La Fee Absinthe                        

                                8.1.1 Overview 

                                8.1.2 Applications Analysis          

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Doubs Mystique                       

                8.3 Duplais Verte                             

                8.4 Pacific Distillery                         

                8.5 Alandia GmbH                           

                8.6 Butterfly Absinthe                   

                8.7 Jade Liqueurs LLC                     

                8.8 Lucid Absinthe Superieure                   

                8.9 La Clandestine                           

                8.10 RUDOLF                     

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  1. Global Absinthe Market By Region, From 2022 - 2027 ( USD Million )

  2. Global Absinthe Market By Application, From 2022 - 2027 ( USD Million )

  3. Global Food and Beverages Market By Region, From 2022 - 2027 ( USD Million )

  4. Global Cosmetics Market By Region, From 2022 - 2027 ( USD Million )

  5. Global Medical Market By Region, From 2022 - 2027 ( USD Million )

  6. Global Absinthe Market By Type, From 2022 - 2027 ( USD Million )

  7. Global Absinthe Blanche Market By Region, From 2022 - 2027 ( USD Million )

  8. Global Absinthe Amber Market By Region, From 2022 - 2027 ( USD Million )

  9. Global Absinthe Verte Market By Region, From 2022 - 2027 ( USD Million )

  10. Global Absinthe Ordinaire Market By Region, From 2022 - 2027 ( USD Million )

  11. Global Absinthe Reve Pastis Market By Region, From 2022 - 2027 ( USD Million )

  12. Global Absinthe Bohemian Market By Region, From 2022 - 2027 ( USD Million )

  13. Global Absinthe Liqueur Market By Region, From 2022 - 2027 ( USD Million )

  14. Global Premium Absinthe Market By Region, From 2022 - 2027 ( USD Million )

  15. Global Others Market By Region, From 2022 - 2027 ( USD Million )

  16. North America Absinthe Market By Application, From 2022 - 2027 ( USD Million )

  17. North America Food and Beverages Market By Region, From 2022 - 2027 ( USD Million )

  18. North America Cosmetics Market By Region, From 2022 - 2027 ( USD Million )

  19. North America Medical Market By Region, From 2022 - 2027 ( USD Million )

  20. North America Absinthe Market By Type, From 2022 - 2027 ( USD Million )

  21. North America Absinthe Blanche Market By Region, From 2022 - 2027 ( USD Million )

  22. North America Absinthe Amber Market By Region, From 2022 - 2027 ( USD Million )

  23. North America Absinthe Verte Market By Region, From 2022 - 2027 ( USD Million )

  24. North America Absinthe Ordinaire Market By Region, From 2022 - 2027 ( USD Million )

  25. North America Absinthe Reve Pastis Market By Region, From 2022 - 2027 ( USD Million )

  26. North America Absinthe Bohemian Market By Region, From 2022 - 2027 ( USD Million )

  27. North America Absinthe Liqueur Market By Region, From 2022 - 2027 ( USD Million )

  28. North America Premium Absinthe Market By Region, From 2022 - 2027 ( USD Million )

  29. North America Others Market By Region, From 2022 - 2027 ( USD Million )

  30. United States Absinthe Market By Application, From 2022 - 2027 ( USD Million )

  31. United States Absinthe Market By Type, From 2022 - 2027 ( USD Million )

  32. Canada Absinthe Market By Application, From 2022 - 2027 ( USD Million )

  33. Canada Absinthe Market By Type, From 2022 - 2027 ( USD Million )

  34. Europe Absinthe Market By Application, From 2022 - 2027 ( USD Million )

  35. Europe Food and Beverages Market By Region, From 2022 - 2027 ( USD Million )

  36. Europe Cosmetics Market By Region, From 2022 - 2027 ( USD Million )

  37. Europe Medical Market By Region, From 2022 - 2027 ( USD Million )

  38. Europe Absinthe Market By Type, From 2022 - 2027 ( USD Million )

  39. Europe Absinthe Blanche Market By Region, From 2022 - 2027 ( USD Million )

  40. Europe Absinthe Amber Market By Region, From 2022 - 2027 ( USD Million )

  41. Europe Absinthe Verte Market By Region, From 2022 - 2027 ( USD Million )

  42. Europe Absinthe Ordinaire Market By Region, From 2022 - 2027 ( USD Million )

  43. Europe Absinthe Reve Pastis Market By Region, From 2022 - 2027 ( USD Million )

  44. Europe Absinthe Bohemian Market By Region, From 2022 - 2027 ( USD Million )

  45. Europe Absinthe Liqueur Market By Region, From 2022 - 2027 ( USD Million )

  46. Europe Premium Absinthe Market By Region, From 2022 - 2027 ( USD Million )

  47. Europe Others Market By Region, From 2022 - 2027 ( USD Million )

  48. U.K. Absinthe Market By Application, From 2022 - 2027 ( USD Million )

  49. U.K. Absinthe Market By Type, From 2022 - 2027 ( USD Million )

  50. Germany Absinthe Market By Application, From 2022 - 2027 ( USD Million )

  51. Germany Absinthe Market By Type, From 2022 - 2027 ( USD Million )

  52. France Absinthe Market By Application, From 2022 - 2027 ( USD Million )

  53. France Absinthe Market By Type, From 2022 - 2027 ( USD Million )

  54. Italy Absinthe Market By Application, From 2022 - 2027 ( USD Million )

  55. Italy Absinthe Market By Type, From 2022 - 2027 ( USD Million )

  56. Spain Absinthe Market By Application, From 2022 - 2027 ( USD Million )

  57. Spain Absinthe Market By Type, From 2022 - 2027 ( USD Million )

  58. Asia Pacific Absinthe Market By Application, From 2022 - 2027 ( USD Million )

  59. Asia Pacific Food and Beverages Market By Region, From 2022 - 2027 ( USD Million )

  60. Asia Pacific Cosmetics Market By Region, From 2022 - 2027 ( USD Million )

  61. Asia Pacific Medical Market By Region, From 2022 - 2027 ( USD Million )

  62. Asia Pacific Absinthe Market By Type, From 2022 - 2027 ( USD Million )

  63. Asia Pacific Absinthe Blanche Market By Region, From 2022 - 2027 ( USD Million )

  64. Asia Pacific Absinthe Amber Market By Region, From 2022 - 2027 ( USD Million )

  65. Asia Pacific Absinthe Verte Market By Region, From 2022 - 2027 ( USD Million )

  66. Asia Pacific Absinthe Ordinaire Market By Region, From 2022 - 2027 ( USD Million )

  67. Asia Pacific Absinthe Reve Pastis Market By Region, From 2022 - 2027 ( USD Million )

  68. Asia Pacific Absinthe Bohemian Market By Region, From 2022 - 2027 ( USD Million )

  69. Asia Pacific Absinthe Liqueur Market By Region, From 2022 - 2027 ( USD Million )

  70. Asia Pacific Premium Absinthe Market By Region, From 2022 - 2027 ( USD Million )

  71. Asia Pacific Others Market By Region, From 2022 - 2027 ( USD Million )

  72. Japan Absinthe Market By Application, From 2022 - 2027 ( USD Million )

  73. Japan Absinthe Market By Type, From 2022 - 2027 ( USD Million )

  74. China Absinthe Market By Application, From 2022 - 2027 ( USD Million )

  75. China Absinthe Market By Type, From 2022 - 2027 ( USD Million )

  76. India Absinthe Market By Application, From 2022 - 2027 ( USD Million )

  77. India Absinthe Market By Type, From 2022 - 2027 ( USD Million )

  78. Australia Absinthe Market By Application, From 2022 - 2027 ( USD Million )

  79. Australia Absinthe Market By Type, From 2022 - 2027 ( USD Million )

  80. South Korea Absinthe Market By Application, From 2022 - 2027 ( USD Million )

  81. South Korea Absinthe Market By Type, From 2022 - 2027 ( USD Million )

  82. Latin America Absinthe Market By Application, From 2022 - 2027 ( USD Million )

  83. Latin America Food and Beverages Market By Region, From 2022 - 2027 ( USD Million )

  84. Latin America Cosmetics Market By Region, From 2022 - 2027 ( USD Million )

  85. Latin America Medical Market By Region, From 2022 - 2027 ( USD Million )

  86. Latin America Absinthe Market By Type, From 2022 - 2027 ( USD Million )

  87. Latin America Absinthe Blanche Market By Region, From 2022 - 2027 ( USD Million )

  88. Latin America Absinthe Amber Market By Region, From 2022 - 2027 ( USD Million )

  89. Latin America Absinthe Verte Market By Region, From 2022 - 2027 ( USD Million )

  90. Latin America Absinthe Ordinaire Market By Region, From 2022 - 2027 ( USD Million )

  91. Latin America Absinthe Reve Pastis Market By Region, From 2022 - 2027 ( USD Million )

  92. Latin America Absinthe Bohemian Market By Region, From 2022 - 2027 ( USD Million )

  93. Latin America Absinthe Liqueur Market By Region, From 2022 - 2027 ( USD Million )

  94. Latin America Premium Absinthe Market By Region, From 2022 - 2027 ( USD Million )

  95. Latin America Others Market By Region, From 2022 - 2027 ( USD Million )

  96. Brazil Absinthe Market By Application, From 2022 - 2027 ( USD Million )

  97. Brazil Absinthe Market By Type, From 2022 - 2027 ( USD Million )

  98. Argentina Absinthe Market By Application, From 2022 - 2027 ( USD Million )

  99. Argentina Absinthe Market By Type, From 2022 - 2027 ( USD Million )

  100. Mexico Absinthe Market By Application, From 2022 - 2027 ( USD Million )

  101. Mexico Absinthe Market By Type, From 2022 - 2027 ( USD Million )

  102. Rest of Latin America Absinthe Market By Application, From 2022 - 2027 ( USD Million )

  103. Rest of Latin America Absinthe Market By Type, From 2022 - 2027 ( USD Million )

  104. Middle East and Africa Absinthe Market By Application, From 2022 - 2027 ( USD Million )

  105. Middle East and Africa Food and Beverages Market By Region, From 2022 - 2027 ( USD Million )

  106. Middle East and Africa Cosmetics Market By Region, From 2022 - 2027 ( USD Million )

  107. Middle East and Africa Medical Market By Region, From 2022 - 2027 ( USD Million )

  108. Middle East and Africa Absinthe Market By Type, From 2022 - 2027 ( USD Million )

  109. Middle East and Africa Absinthe Blanche Market By Region, From 2022 - 2027 ( USD Million )

  110. Middle East and Africa Absinthe Amber Market By Region, From 2022 - 2027 ( USD Million )

  111. Middle East and Africa Absinthe Verte Market By Region, From 2022 - 2027 ( USD Million )

  112. Middle East and Africa Absinthe Ordinaire Market By Region, From 2022 - 2027 ( USD Million )

  113. Middle East and Africa Absinthe Reve Pastis Market By Region, From 2022 - 2027 ( USD Million )

  114. Middle East and Africa Absinthe Bohemian Market By Region, From 2022 - 2027 ( USD Million )

  115. Middle East and Africa Absinthe Liqueur Market By Region, From 2022 - 2027 ( USD Million )

  116. Middle East and Africa Premium Absinthe Market By Region, From 2022 - 2027 ( USD Million )

  117. Middle East and Africa Others Market By Region, From 2022 - 2027 ( USD Million )

  118. Middle East Absinthe Market By Application, From 2022 - 2027 ( USD Million )

  119. Middle East Absinthe Market By Type, From 2022 - 2027 ( USD Million )

  120. Africa Absinthe Market By Application, From 2022 - 2027 ( USD Million )

  121. Africa Absinthe Market By Type, From 2022 - 2027 ( USD Million )

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