Absinthe Market Report by Type (Absinthe Blanche, Absinthe Amber, Absinthe Verte, Absinthe Ordinaire, Absinthe Reve Pastis, Absinthe Bohemian, and Others), Application (Food and Beverage, Cosmetic, Medical), and Region 2024-2032

Absinthe Market Report by Type (Absinthe Blanche, Absinthe Amber, Absinthe Verte, Absinthe Ordinaire, Absinthe Reve Pastis, Absinthe Bohemian, and Others), Application (Food and Beverage, Cosmetic, Medical), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A6578
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Market Overview:

The global absinthe market size reached US$ 49.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 63.2 Billion by 2032, exhibiting a growth rate (CAGR) of 2.8% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 49.1 Billion
Market Forecast in 2032
US$ 63.2 Billion
Market Growth Rate 2024-2032 2.8%


Absinthe is a bitter-tasting, highly aromatic, and yellowish-green spirit distilled from grape alcohol, grains, potatoes, beets, and fresh herbs. It is predominantly flavored by wormwood and other botanicals, such as anise, fennel, hyssop, licorice, and angelica roots. Absinthe is bottled at a very high alcohol concentration, but when served, it is diluted with water and ice and used to flavor mixed drinks. It provides anti-tumor and anti-inflammatory properties and helps boost immunity and fight infections. It assists in diabetes management, stimulating appetite, and preventing blood clots, heart diseases, and cancer. As a result, absinthe finds extensive applications across the food and beverage (F&B), cosmetics, and medical industries.

Global Absinthe Market

Absinthe Market Trends:

Significant growth in the F&B industry across the globe is creating a positive outlook for the market.  Absinthe is widely used to enhance taste, prevent bacterial growth, and add flavors to sauces, desserts, and confectionery products.  In line with this, the increasing consumption of absinthe at hotels, bars, and restaurants as a cocktail drink or in combination with wine, vermouth, gin, grapefruit juice, orange flower water, blackberries, or grenadine is favoring the market growth. Additionally, the rising product demand for garnishing food products, such as red meat, fish, and curries, is acting as another growth-inducing factor. Apart from this, the widespread product utilization in alternative medicine applications due to the presence of wormwood to reduce inflammation, improve digestive health, alleviate pain, remove harmful parasites, minimize osteoarthritis, and treat nausea, stomach cramps, and liver diseases is propelling the market growth. Moreover, the introduction of additional flavors by manufacturers, coupled with the increasing demand for exotic and premium alcoholic products, is providing an impetus to the market growth. Other factors, including rising expenditure capacities of consumers and increasing product demand among artists, painters, musicians, and guitarists, are anticipated to drive the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global absinthe market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type and application.

Breakup by Type:

  • Absinthe Blanche
  • Absinthe Amber
  • Absinthe Verte
  • Absinthe Ordinaire
  • Absinthe Reve Pastis
  • Absinthe Bohemian
  • Others
     

Breakup by Application:

  • Food and Beverage
  • Cosmetic
  • Medical
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Butterfly Absinthe, Hill's Liquere North America, Hood River Distillers Inc., Jade Liqueurs® LLC, La Clandestine, La Fée Absinthe, Milan METELKA a.s., Pacific Distillery, Pernod Ricard, Philadelphia Distilling and Teichenné S.A. Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Butterfly Absinthe, Hill's Liquere North America, Hood River Distillers Inc., Jade Liqueurs® LLC, La Clandestine, La Fée Absinthe, Milan METELKA a.s., Pacific Distillery, Pernod Ricard, Philadelphia Distilling and Teichenné S.A. 
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the absinthe market from 2018-2032.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global absinthe market.
  • The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the absinthe industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and  provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global absinthe market was valued at US$ 49.1 Billion in 2023.

We expect the global absinthe market to exhibit a CAGR of 2.8% during 2024-2032.

The rising demand for absinthe in alternative medicine applications, owing to the presence of wormwood that helps in reducing inflammation, improving digestive health, alleviating pain, removing harmful parasites, etc., is primarily driving the global absinthe market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of absinthe-based drinks.

Based on the type, the global absinthe market has been segregated into absinthe blanche, absinthe amber, absinthe verte, absinthe ordinaire, absinthe reve pastis, absinthe bohemian, and others. Among these, absinthe bohemian currently holds the largest market share.

Based on the application, the global absinthe market can be bifurcated into food and beverage, cosmetic, and medical. Currently, the food and beverage sector exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global absinthe market include Butterfly Absinthe, Hill's Liquere North America, Hood River Distillers Inc., Jade Liqueurs® LLC, La Clandestine, La Fée Absinthe, Milan METELKA a.s., Pacific Distillery, Pernod Ricard, Philadelphia Distilling, and Teichenné S.A.

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Absinthe Market Report by Type (Absinthe Blanche, Absinthe Amber, Absinthe Verte, Absinthe Ordinaire, Absinthe Reve Pastis, Absinthe Bohemian, and Others), Application (Food and Beverage, Cosmetic, Medical), and Region 2024-2032
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