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.

Market Insight

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 market.

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 

Segment Covered

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.

Companies Profiled:

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.

Report Highlights:

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.