The absinthe market size was valued at $34.1 billion in 2018 and is estimated to reach $44.3 billion by 2026, registering a CAGR of 3.4% from 2019 to 2026.
Absinthe is a green or often colorless processed liquor with a high alcohol content, flavored with anise, wormwood, culinary herbs such as flowers and leaves of Artemisia absinthium and some other aromatic compounds. Its alcohol content is around 45-76% of total liquid alcohol. When Absinthe do not contain any added sugar in it, it is also called as a spirit. Absinthe is bottled at a very high level of alcohol by volume, but at the time of consumption it is diluted with water. It is conventionally prepared from a purification of neutral alcohol, spices, herbs and water. While traditional absinthes are redistilled from white grape spirit, lesser absinthes were commonly made by alcohol processed from grain, potatoes, or beets. Different kind of herbs may be used in the preparation of absinthe such as angelica, petite wormwood hyssop, Melissa, coriander, star anise, peppermint, and veronica. In the past times, when Absinthe was very little known, it had often been popularly portrayed as an addictive psychoactive drug which causes hallucinogen. Although Absinthe was known as a drug causing hallucinogen, the 21st century has seen various types of absinthe, including a range of frozen preparations which have become increasingly popular. Some of the popular types of absinthe are Blanche absinthe, Verte absinthe, Absenta, Hausgemacht, and Bohemian-style absinthe.
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Over the years, consumers are demanding variations in liquor and alcoholic beverages. They are now aware of presence of absinthe in the market which gives consumers’ different taste. Furthermore, its alcohol content is also more than other usually consumed drinks, this factor is proving to be major driving factor for the market in recent year.
The companies profiled in the report are Pacific Distillery, Teichenne, S.A., Duplais Verte, La Fée Absinthe, Kübler Absinthe Superieure, Hill’s Liquere North America, La Clandestine, Doubs Mystique, Butterfly absinthe, and Milan METELKA a.s.
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Key Findings of the Absinthe Market :
- The absinthe market was valued at $34,149 million in 2018 and is estimated to reach $44,287 million by 2026, growing at a CAGR of 3.4 % throughout the forecast period.
- By type, the absinthe reve pastis segment is expected to witness fastest growth, registering a CAGR of 4.6% during the forecast period.
- In 2018, by type, the absinthe bohemian segment held the highest share.
- In 2018, by region, Switzerland was the most prominent market in Europe and is expected to grow at a significant CAGR throughout the forecast period.
- Europe was the dominant region in 2018, accounting for more than two-fifth of the absinthe market share.
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