This report provides exclusive insights into the COVID-19 impact on the Absinthe Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Absinthe Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Absinthe Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on the absinthe market provides an in-depth analysis of segments and sub-segments in the
global as well as regional absinthe market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
absinthe market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of the global
absinthe market. According to the report, the global absinthe market is projected
to grow at a CAGR of 3.5% over the forecast period of 2019-2025.
Absinthe is a green or colorless processed liquor having
high alcohol content, flavored with anise, wormwood, and culinary herbs. The
alcohol content in absinthe is around 45-76% of total liquid alcohol. It is
often portrayed as an addictive psychoactive drug that causes hallucinogens. It
is derived from botanicals such as flowers and leaves of Artemisia absinthium
along with sweet fennel, green anise, and other culinary herbs. Some popular
types of absinthe are Verte absinthe, Blanche absinthe, Bohemian-Style
absinthe, and Absenta.
Medical benefits of absinthe such as stimulating digestive
tract by enhancing saliva, digestive enzyme production, and stomach acid will
expand its application in the medicines. Absinthe is usually prepared from the
purification of neutral alcohol, herbs, spices, and water. The growing
application of absinthe in treating parasite worm infection contributes to the
growth of the absinthe market. Further, the use of absinthe as an
anti-inflammatory, insect repellent product and anti-microbial in the cosmetics
industry stimulates the demand for absinthe. The increasing demand for absinthe
in the food industry owing to its property of enhancing flavors and taste of
food products propels the development of the absinthe market. In addition, the
growing consumption of absinthe as an alcoholic beverage boosts the expansion
of the absinthe market. On the flip side, the harmful effects of absinthe
hamper the growth of the absinthe market. Moreover, the growing penetration of
flavored absinthe creates numerous opportunities for the growth of the absinthe
Geographically, the global absinthe market is divided into
North America, Asia-Pacific, Europe, and the Rest of the World. North America
is leading the global absinthe market. The growing demand for absinthe as an
alcoholic beverage in the U.S. contributes to the growth of the absinthe market
in North America. Asia-Pacific region is expected to grow in the global
absinthe market with a healthy CAGR over the forecast period. The increasing
use of absinthe in various applications such as flavoring, treating various
diseases and others contributes to the market development in Asia-Pacific.
Europe is a huge exporter of absinthe on a global scale and has fruitful growth
opportunities in the global absinthe market
The report on global absinthe market covers segments such as
type, and application. On the basis of type, the sub-markets include absinthe
amber, absinthe blanche, absinthe ordinaire, absinthe verte, absinthe bohernian,
absinthe liqueur, and other types. On the basis of application, the sub-markets
include cosmetic industry, food and beverage industry, and medical industry.
The report provides profiles of the companies in the market
such as Duplaise Verte, Butterfly absinthe, Milan METELKA a.s., Teichenné,
S.A., Rudolf Group, Lucid Absinthe Superieure, La Fee Absinthe, Kubler Absinthe
Superieure, Philadelphia Distilling, Doubs Mystique, and Other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the absinthe market.
Moreover, the study highlights current market trends and provides forecast from
2019-2025. We also have highlighted future trends in the market that will
affect the demand during the forecast period. Moreover, the competitive
analysis given in each regional market brings an insight into the market share
of the leading players.