The
Absinthe Global Market Report 2024 by
The Business Research Company provides market overview across 60+ geographies
in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North
America, South America, the Middle East, and Africa, encompassing 27 major
global industries. The report presents a comprehensive analysis over a ten-year
historic period (2010-2021) and extends its insights into a ten-year forecast
period (2023-2033).
Learn More On The Absinthe Market:
https://www.thebusinessresearchcompany.com/report/absinthe-global-market-report
According to The Business Research Company’s Absinthe Global Market Report 2024, The absinthe
market size has grown steadily in recent years. It will grow from $34.71 billion in 2023 to $35.75 billion in 2024 at a compound annual growth
rate (CAGR) of 3.0%. The growth in the historic period can be
attributed to cultural heritage, artistic influence, legal regulations,
craftsmanship revival, cocktail culture.
The absinthe market size is expected to see steady growth in the next few
years. It will grow to $40.2 billion in
2028 at a compound annual growth rate (CAGR) of 3.0%. The growth in the forecast period can be
attributed to craft distilleries, cultural tourism, craft cocktail movement,
global expansion, revised regulations. Major trends in the forecast period
include absinthe lounges and bars, innovative cocktails, heritage brands,
absinthe tourism, green hour tradition.
The increasing alcohol and other beverage consumption is expected to propel the
growth of the absinthe market. Consumers globally are increasingly consuming
alcohol products and beverages. For instance, in January 2022, according to an
article published by The Harvard Gazette, an official news website of Harvard
university, researchers recreated the drinking trajectories and liver disease
trends in all U.S. people using data from a national survey of U.S. adults on
their drinking habits, which indicated that excessive drinking (such as binge
drinking) increased by 21% during the COVID-19 pandemic. Therefore, the increasing alcohol and other
beverage consumption is driving the growth of the absinthe market.
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The absinthe market covered in this report is segmented –
1) By Type: Absinthe Verte, Absinthe Ordinaire, Absinthe Reve Pastis, Absinthe
Bohemian, Absinthe Amber, Absinthe Blanche
2) By Distribution: Online, Offline
3) By Application: Medical, Food And Beverage, Cosmetic
Major companies operating in the absinthe market are focusing on innovating
products, such as the Australian Absinthe, to provide reliable services to
customers. Australian Absinthe is designed with a complex flavor profile that
is both bitter and sweet, with notes of anise, fennel, and other herbs. For
instance, in May 2022, Never Never Distilling Co., an Australia-based alcohol
company, launched Australian Absinthe. Australian absinthe is a type of
absinthe made using a unique blend of traditional botanicals. This is made by steeping
the botanicals in high-proof alcohol, such as vodka or grain alcohol, for
several days or weeks. It has a smooth, velvety texture and a long, lingering
finish.
The absinthe market report table of
contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
.
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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