Feb 24, 2020 (KD Market Insights via COMTEX) -- Browse Key Industry Insights spread across 230 pages with 106 market data tables & 64 figures & charts from the report Absinthe Market by Type (Absinthe Blanche, Absinthe Amber, Absinthe Verte, Absinthe Ordinaire, Absinthe Reve Pastis, Absinthe Bohemian, Absinthe Liqueur, and Premium Absinthe), and Application (Food And Beverage Industry, Cosmetic Industry, and Medical Industry): Global Opportunity Analysis and Industry Forecast, 2019-2026
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Global Absinthe Market is estimated to grow at a CAGR of 3.4% during the forecast period 2019-2026. As per the analysis, the Absinthe Market was valued at $34.1 billion in the year 2018 and is predicted to reach $44.3 billion by the end of the year 2026.
Absinthe is a distilled and alcoholic beverage containing high amount of alcohol that range from 45% to 74%. It is derived from leaves and flowers of grand wormwood along with sweet fennel, green anise and various medicinal herbs--such as veronica, peppermint, star anise, coriander, Melissa, petite wormwood hyssop, angelica and others. Absinthe is highly useful ingredient for the medical industry owing to its properties of antiparasitic, sedative and painkilling, it also helps in relieving stress, calm nerves, remove intestinal worms, protects from stomach pain and boost metabolism. Some countries have imposed prohibition on the sale of Absinthe, owing to its usage as hallucinogen drug and its harmful effects on human body. The market is flourished with various types of absinthe, some of them are Bohemian-style absinthe, Hausgemacht, Absenta, Verte absinthe and Blanche absinthe.