DUBLIN--(BUSINESS WIRE)--The "Absinthe Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
The global absinthe market is expected to grow from $33.20 billion in 2021 to $33.96 billion in 2022 at a compound annual growth rate (CAGR) of 2.30%. The market is expected to grow to $38.61 billion in 2026 at a CAGR of 3.26%.
Major players in the absinthe market are Pacific Distillery LLC, Teichene, Duplais Verte, La Fee Absinthe, Kubler Absinthe Superieure, Hill's Liquere North America, La Clandestine, Doubs Mystique, Butterfly Absinthe, Lucid, Metelka, C.F. Berger, Jade Nouvelle Orleans, Rudolf GmbH, Vieux Carre, Mansinthe, Rudolf Group, and Philadelphia Distilling Company.
The absinthe market consists of sales of absinthe by entities (organizations, sole traders, and partnerships) that is a flavored spirit derived from several plants, including the leaves and flowers of artemisia absinthium together other aromatic ingredients. Absinthe is prepared from high alcohol spirits, with alcohol content of 68% by volume. Absinthe is usually consumed by diluting with water, and can be used to flavor mixed drinks.
The main types of absinthe are absinthe verte, absinthe ordinaire, absinthe reve pastis, absinthe bohemian, absinthe amber, and absinthe blanche. Absinthe verte is prepared from natural ingredients such as cocoa, grand warmwood, star anise, fennel, peppermint, and vanilla. Absinthe is mainly sold through online and offline distribution channels. Major applications of absinthe can be seen in the medical industry, food and beverage industry, and cosmetic industry.
Europe was the largest region in the absinthe market in 2021. North America is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The increasing alcohol and other beverages consumption is expected to propel the growth of the absinthe market. Consumers globally are increasingly consuming alcohol products and beverages. For instance in 2019, according to the World Health Organization, the citizens of Czechia consumed the most alcohol per capita, with citizens consuming 14.26 liters of pure alcohol; Latvia consumed 13.19 liters and Moldova consumed 12.85 liters of pure alcohol per capita. Therefore, the increasing alcohol and other beverages consumption is driving the growth of the absinthe market.
New products launch is a key trend gaining popularity in the absinthe market. The modern Absinthe is a result of the laboratory experimentations. For instance, in November 2019, Gin brand Hendrick's has entered into spirit category with the launch of a modern absinthe, featuring the brand's signature flavors of rose and cucumber. This flavored absinthe is made up of the anise and the wormwood extracts in it. It also contains the traditional absinthe botanicals along with the juniper orange and yarrow. These combinations are giving the product much more flavor.
In September 2021, Pernod Ricard, operating in absinthe manufacturing based in Paris, acquired leading online spirits retailer The Whisky Exchange for an undisclosed amount. The acquisition is in line with Pernod Ricard's consumer centric strategy of meeting consumer expectations and needs, in a context of solid e-commerce growth and strong demand for premiumization.
Pernod Ricard will leverage synergies between The Whisky Exchange's expertise and its in-house platforms such as Bodeboca and Drinks&Co. The Whisky Exchange is a France-based specialist drink retailer company.
The countries covered in the Absinthe market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Key Topics Covered:
1. Executive Summary
2. Absinthe Market Characteristics
3. Absinthe Market Trends And Strategies
4. Impact Of COVID-19 On Absinthe
5. Absinthe Market Size And Growth
5.1. Global Absinthe Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Absinthe Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Absinthe Market Segmentation
6.1. Global Absinthe Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Absinthe Verte
- Absinthe Ordinaire
- Absinthe Reve Pastis
- Absinthe Bohemian
- Absinthe Amber
- Absinthe Blanche
6.2. Global Absinthe Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.3. Global Absinthe Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Food And Beverage
7. Absinthe Market Regional And Country Analysis
7.1. Global Absinthe Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Absinthe Market, Split Bb Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Pacific Distillery LLC
- Duplais Verte
- La Fee Absinthe
- Kubler Absinthe Superieure
- Hill's Liquere North America
- La Clandestine
- Doubs Mystique
- Butterfly Absinthe
- C.F. Berger
- Jade Nouvelle Orleans
- Rudolf GmbH
- Vieux Carre
- Rudolf Group
- Philadelphia Distilling Company
For more information about this report visit https://www.researchandmarkets.com/r/8ony9f.