Press release
Absinthe Global Market Report 2024 - By Size, Share, Trends, Forecast To 2033
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Absinthe industry. This report on Absinthe market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
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%.
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Key Market Players:
Pacific Distillery LLC, Teichene SA, Metelka AS, Mansinthe, Philadelphia Distilling Company.
Market Drivers:
According to the Absinthe Market Report 2024 by The Business Research Company, the increase in the tourism industry is expected to propel the growth of the absinthe market going forward. The tourism industry, also known as the travel and tourism industry, encompasses all the activities, services, and businesses related to the movement of people for leisure, recreation, or business purposes. Absinthe is used as a beverage which has a unique and culturally rich attraction in the tourism industry for travelers.
More information about the Global Absinthe Market Report -
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Market segments for Absinthe include:
• 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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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The absinthe market size was valued at $34.1 billion in 2018 and is estimated to reach $44.2 billion by 2026, registering a CAGR of 3.4% from 2019 to 2026.
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