(Food-Beverage-News.Com, February 08, 2018 ) Global Absinthe Market was worth USD XX.XX billion in 2017 and estimated to be growing at a CAGR of X.XX%, to reach USD XX.XX billion by 2022. The definition of absinthe is a highly alcoholic, distilled beverage that has anywhere between 45 and 75% alcohol content. The source of the liquid is from the flowers and leaves of the Artemisia absinthium along with additional components such as medicinary and culinary herbs. As for appearances, it is found in the traditional natural green colour along with a colourless variety.
Absinthe is also harmful in some cases due to the presence of the thujone chemical compound. Other than from the traditional source, absinthe can also be manufactured from beets, grains and potatoes. The variety of uses for Absinthes include as painkiller, sedative and an antiparasatic. Other uses include for stress relief, calming the nerves and general digestive health.
The major factors affecting the Absinthe market is the recently discovered medicinal benefits of the same such as the treatment of parasitic worm infections in the digestive system. It has been proven to stimulate the digestive tract, enhance saliva, stomach acid and other digestive enzymes. Other drivers of the market include applications in the cosmetics industry and demand as an alcoholic beverage. As for the restraints of the market, the arguable threats to human health posed by its consumption are the main reasons. There is also a wrong notion that absinthe consumption may lead to hallucinations.
The Global Absinthe market is broadly classified by Applications into Food and Beverage, Cosmetics and Medical, and based on Type into Absinthe Blanche, Absinthe Amber, Absinthe Verte, Absinthe Ordinaire, Absinthe Reve Pastis, Absinth Bohemian, Absinthe Liqueur, Premium Absinthe and Others. Based on geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. The Absinthe Market is dominated by North America in 2016 with the region accounting for 36% of the overall market share. North America was followed next in line by Europe and Asia-Pacific. Asia-Pacific is expected to grow rapidly in the coming years as is evident from the high CAGR value for the region. Another promising region for the market is Latin America, which is expected to show high growth rates in coming years.
The Absinthe market is highly competitive with a large number of players. Key market players dominating the market with their products La Fée Absinthe, Doubs Mystique, Duplais Verte, Pacific Distillery, Alandia GmbH & Co. KG, Butterfly absinthe, Jade Liqueurs LLC, Lucid Absinthe Supérieure, Kübler Absinthe Superieure, La Clandestine, Hill's Liquere North America, Philadelphia Distilling Company, Teichenne, S.A., Milan METELKA and RUDOLF.
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