Absinthe Market is expected to show growth from 2024 to 2030, reported by Maximize Market Research

Absinthe Market was valued at US$ 38.24 Bn. in 2023. Absinthe Market size is estimated to grow at a CAGR of 3.6% over the forecast period.

𝐀𝐛𝐬𝐢𝐧𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

Absinthe is a high-proof spirit made by redistilling neutral alcohol with botanicals like wormwood, anise, and fennel, to create a green-hued drink. Other ingredients such as hyssop, melissa, star anise, and lemon balm are commonly added. The market for absinthe is growing due to its benefits in treating parasitic worm disease, use in cosmetics, and increasing demand for luxury alcohol beverages. Rising disposable income also boosts market growth. Absinthe is used as an anti-inflammatory, insect repellent, and anti-microbial in cosmetics, while its flavor-enhancing properties drive demand in the food industry. However, a major challenge is the negative psychotropic effects, including hallucinations, mania, and psychosis, associated with absinthe. The use of absinthe in the pharmaceutical industry is a major key trend that will drive market growth. A. absinthium is significant for its medicinal and botanical properties, traditionally used for various disorders.

It is utilized in pharmaceuticals, as an anthelmintic, insect repellent, ruminant feed additive, and in food production. Additionally, it is used for pain relief during labor, sclerosis, leukemia, muscle stiffness, joint pain, menstrual cycle, cardiac disorders, hypertension, and in combination therapies for severe diseases. The synergistic effects of A. absinthium with certain drugs enhance therapeutic efficacy, driving the growth of absinthe. The major key players are the Pacific Distillery, Duplais Verte, Teichenne, S.A., Kübler Absinthe Superieure, La Fée Absinthe, La Clandestine, and Hill's Liquere. North America dominated the absinthe market with a largest market share in 2023, attributed to its stress-relieving, nerve-calming, and digestive health benefits. The Asia Pacific region is set for substantial growth, driven by newfound therapeutic uses of the spirit. Rising demand for alcohol and cosmetics in the area will fuel market expansion in the coming years.

𝐍𝐞𝐞𝐝 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 + 𝐆𝐫𝐚𝐩𝐡𝐬 𝐇𝐞𝐫𝐞:https://www.maximizemarketresearch.com/request-sample/54231/

𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:

In October 2023, As above So below Distillery (AASB), a Mexican handcrafted spirits distillery launched its newest craft spirit-Absinthe Verte. The new product is made using anise, fennel, wormwood, mint, and hyssop.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐀𝐛𝐬𝐢𝐧𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)

𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐈𝐬 𝐉𝐮𝐬𝐭 𝐚 𝐂𝐥𝐢𝐜𝐤 𝐀𝐰𝐚 :https://www.maximizemarketresearch.com/request-sample/54231/

𝐀𝐛𝐬𝐢𝐧𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

𝐛𝐲 𝐓𝐲𝐩𝐞

Absinthe Blanche
Absinthe Amber
Absinthe Verte
Absinthe Ordinaire
Absinthe Reve Pastis
Absinthe Bohemian
Absinthe Liqueur

𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Food and beverage
Cosmetics
Medical

𝐛𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥

Online
Offline
𝐂𝐮𝐫𝐢𝐨𝐮𝐬 𝐭𝐨 𝐩𝐞𝐞𝐤 𝐢𝐧𝐬𝐢𝐝𝐞? 𝐆𝐫𝐚𝐛 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐧𝐨𝐰:https://www.maximizemarketresearch.com/request-sample/54231/

𝐀𝐛𝐬𝐢𝐧𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐥𝐞𝐚𝐝𝐞𝐫𝐬

Pacific Distillery
Duplais Verte
Teichenne, S.A.
Kübler Absinthe Superieure
La Fée Absinthe
La Clandestine
Hill's Liquere
Butterfly absinthe
Doubs Mystique
Milan METELKA
F. Berger
Alandia
Pacifique
Vieux Carre
Jade Nouvelle Orleans
Teichenne

𝐊𝐧𝐨𝐰 𝐌𝐨𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐓𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:https://www.maximizemarketresearch.com/market-report/global-absinthe-market/54231/

𝐊𝐞𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐀𝐛𝐬𝐢𝐧𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

What segments are covered in the Global Absinthe Market report?
Which region is expected to hold the highest share in the Global Absinthe Market?
What is the market size of the Global Absinthe Market by 2030?
What is the forecast period for the Global Absinthe Market?
What was the market size of the Global Absinthe Market in 2023?

𝐊𝐞𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬:

Past Absinthe Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Absinthe Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by
Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐡𝐚𝐬 𝐚𝐥𝐬𝐨 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭𝐬 𝐨𝐧

The Green Tea Market size was valued at USD 17.50 billion in 2023 and the total Green Tea Market revenue is expected to grow at a CAGR of 7.68 % from 2024 to 2030, reaching nearly USD 29.39 billion by 2030.

𝐆𝐞𝐭 𝐈𝐧𝐟𝐨:https://www.maximizemarketresearch.com/market-report/green-tea-market/221435/

Soy Protein Ingredients Market is expected to reach US$ 10.28 Bn. by 2029, at a CAGR of 2.64% during the forecast period.

𝐆𝐞𝐭 𝐈𝐧𝐟𝐨:https://www.maximizemarketresearch.com/market-report/soy-protein-ingredients-market/614/

Global Dried Fruit Ingredient Market size is expected to reach nearly USD 35.24 Mn by 2030 with the CAGR of 11.5% during the forecast period.

𝐆𝐞𝐭 𝐈𝐧𝐟𝐨:https://www.maximizemarketresearch.com/market-report/global-dried-fruit-ingredients-market/17914/

Global Baby Food Market size was valued at USD 90.84 Bn in 2023 and is expected to reach USD 143.03 Bn by 2030, at a CAGR of 6.7%.

𝐆𝐞𝐭 𝐈𝐧𝐟𝐨:https://www.maximizemarketresearch.com/market-report/global-baby-food-market/24034/

Ready-to-Eat Food Market was worth USD 245.92 Bn. in 2023 and total revenue is expected to grow at a rate of 14.93 % CAGR from 2024 to 2030, reaching almost USD 651.37 Bn.

𝐆𝐞𝐭 𝐈𝐧𝐟𝐨:https://www.maximizemarketresearch.com/market-report/global-ready-to-eat-food-market/27128/

Caffeine Market was valued at USD 0.84 Bn in 2023 and is expected to grow at a CAGR of 5 percent during the forecast period and reach USD 1.18 Bn by 2030

𝐆𝐞𝐭 𝐈𝐧𝐟𝐨:https://www.maximizemarketresearch.com/market-report/caffeine-market/185261/

The Canada Baby Food Market size was valued at USD 1.88 Billion in 2023 and the total Canada Baby Food Market revenue is expected to grow at a CAGR of 7.8 % from 2024 to 2030, reaching nearly USD 3.19 Billion.

𝐆𝐞𝐭 𝐈𝐧𝐟𝐨:https://www.maximizemarketresearch.com/market-report/canada-baby-food-market/39863/

Global Carob Market size was valued at USD 235.45 Million in 2023 and Carob Market revenue is expected to reach USD 337.98 Million by 2030, at a CAGR of 5.3 % over the forecast period (2024-2030)

𝐆𝐞𝐭 𝐈𝐧𝐟𝐨:https://www.maximizemarketresearch.com/market-report/carob-market/221524/

Cashew Nutshell Liquid Market was valued at US$ 449 Mn in 2023. Cashew Nutshell Liquid Market size is expected to grow at a CAGR of 7.3% through the forecast period.

𝐆𝐞𝐭 𝐈𝐧𝐟𝐨:https://www.maximizemarketresearch.com/market-report/cashew-nutshell-liquid-market/147699/

Citrus Fiber Market size was valued at USD 42.7 Billion in 2023 and the Citrus Fiber Market revenue is expected to reach USD 72.6 Billion by 2030, at a CAGR of 5.9 % over the forecast period.

𝐆𝐞𝐭 𝐈𝐧𝐟𝐨:https://www.maximizemarketresearch.com/market-report/citrus-fiber-market/125502/

Cold Brew Coffee Market was valued at US$ 1.90 Bn in 2023. The Cold Brew Coffee Market size is estimated to grow at a CAGR of 26% over the forecast period.

𝐆𝐞𝐭 𝐈𝐧𝐟𝐨:https://www.maximizemarketresearch.com/market-report/cold-brew-coffee-market/147600/

Condiments Market was valued at US$ 12.93 Bn. in 2030. The Global Condiments Market size is estimated to grow at a CAGR of 5.2 % over the forecast period.

𝐆𝐞𝐭 𝐈𝐧𝐟𝐨:https://www.maximizemarketresearch.com/market-report/condiments-market/148426/

Confectionary Market was valued at USD 297.67 Bn. in 2030. Global Confectionery Market size is expected to grow at a CAGR of 4.8 % through the forecast period.

𝐆𝐞𝐭 𝐈𝐧𝐟𝐨:https://www.maximizemarketresearch.com/market-report/confectionery-market/145910/

The Edible Insect Animal Feed Market was valued at USD 1.12 billion in 2023 & is expected to grow to USD 9.80 billion by 2030, representing a compound annual growth rate (CAGR) of 36.2% during the forecast period.

𝐆𝐞𝐭 𝐈𝐧𝐟𝐨:https://www.maximizemarketresearch.com/market-report/edible-insect-animal-feed-market/190566/

The Edible Oils Market size was valued at USD 120.45 Billion in 2023 and the total Edible Oils Market revenue is expected to grow at a CAGR of 7.37% from 2024 to 2030, reaching nearly USD 198.14 Billion.

𝐆𝐞𝐭 𝐈𝐧𝐟𝐨:https://www.maximizemarketresearch.com/market-report/edible-oils-market/125464/

𝐌𝐀𝐗𝐈𝐌𝐈𝐙𝐄 𝐌𝐀𝐑𝐊𝐄𝐓 𝐑𝐄𝐒𝐄𝐀𝐑𝐂𝐇 𝐏𝐕𝐓. 𝐋𝐓𝐃.

⮝ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
✆ +91 9607365656
🖂 sales@maximizemarketresearch.com
🌐 www.maximizemarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Maximize Market Research is a global Market research and consulting company that provides businesses with insights to foster their growth and competitive advantage. The company specializes in delivering actionable and data-driven research reports tailored to help organizations make informed decisions. With a team of experienced analysts and consultants, Maximize Market Research offers expertise across multiple industries, including healthcare, technology, manufacturing, consumer goods, and more. Their services cover Market sizing, forecasting, competitive analysis, and customer insights, helping clients to address their strategic needs and identify emerging trends. The company emphasizes client success, offering detailed analysis and recommendations that support business transformation and operational excellence. Maximize Market Research also provides custom research services, allowing businesses to get solutions specific to their Market challenges. With a strong global presence, the company serves clients from various sectors, ensuring they stay ahead in a rapidly evolving Market landscape.

This release was published on openPR.