Global Absinthe Market Report 2022 – Market Forecast, Trends And Strategies

The global absinthe market size 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 global absinthe market size is expected to grow to $38.61 billion in 2026 at a CAGR of 3.26%.

What is the Global Absinthe Market?

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.

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What drives the Global Absinthe Market?

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.

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Global Absinthe Market Segments
The global absinthe market is segmented:
By Type: Absinthe Verte, Absinthe Ordinaire, Absinthe Reve Pastis, Absinthe Bohemian, Absinthe Amber, Absinthe Blanche
By Distribution: Online, Offline
By Application: Medical, Food and Beverage, Cosmetic
By Geography: The regions covered in the absinthe global market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Absinthe Global Market Report 2022provides market size and growth forecasts for the absinthe global market, absinthe global market share, absinthe market segments and geographies, absinthe market competitive landscape including leading competitors’ revenues, profiles and market shares. The absinthe market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Absinthe Industry Playersinclude Pacific Distillery LLC, Teichene, Duplais Verte, La Fée Absinthe, Kübler 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. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.