Absinthe Market Report 2026

The absinthe market size has grown steadily in recent years. It will grow from $36.59 billion in 2025 to $37.63 billion in 2026 at a compound annual growth rate (CAGR) of 2.9%. The growth in the historic period can be attributed to resurgence of interest in traditional spirits, legalization of absinthe in key markets, growth of specialty liquor retail, increasing consumer experimentation with spirits, expansion of on-trade consumption.

The absinthe market size is expected to see steady growth in the next few years. It will grow to $42.35 billion in 2030 at a compound annual growth rate (CAGR) of 3%. The growth in the forecast period can be attributed to increasing demand for premium alcoholic beverages, rising popularity of cocktail culture, expansion of online alcohol retail, growing interest in heritage and craft spirits, innovation in flavor profiles. Major trends in the forecast period include increasing premiumization of herbal spirits, rising demand for craft and artisanal absinthe, growing use of absinthe in mixology and cocktails, expansion of flavored and botanical variants, enhanced focus on authentic traditional recipes.

The rising alcohol consumption is expected to drive the growth of the absinthe market going forward. Alcohol consumption refers to the intake of beverages containing ethyl alcohol, including spirits, wine, and beer, for recreational, social, or cultural purposes. The growth in alcohol consumption is fueled by the expansion of premium and craft beverage culture, as consumers increasingly seek unique, artisanal drinking experiences. There is a growing interest in specialty spirits and historically significant alcoholic beverages that provide distinctive flavors and heritage. This trend supports increased demand for absinthe, as consumers explore diverse spirit categories and seek botanical-flavored beverages with unique sensory profiles and cultural allure. For instance, in November 2025, the Organisation for Economic Co-operation and Development (OECD), a France-based intergovernmental organization, reported that per‑capita annual alcohol consumption across OECD countries averaged approximately 8.5 litres of pure alcohol per person aged 15 and above in 2023. Therefore, the increasing alcohol consumption is propelling the absinthe market.

Major companies in the absinthe market are focusing on innovative products, such as ready-to-drink (RTD) beverages, to cater to consumers’ growing preference for convenience and modern flavor experiences. Ready-to-drink beverages are pre-mixed and fully prepared, requiring no additional ingredients or preparation, allowing consumers to enjoy consistent and convenient alcoholic drinks on the go without compromising quality or taste. For example, in November 2025, Devil’s Botany Distillery, a UK-based distillery, launched a new ready-to-drink absinthe beverage. This fully premixed product delivers the signature herbal and botanical character of absinthe in a convenient format for contemporary consumers. The beverage combines the distillery’s absinthe with a curated mix of fruit-forward and spice-driven ingredients, offering a balanced profile that highlights traditional botanicals while softening intensity for broader appeal. Designed to simplify absinthe consumption, it provides an accessible entry point for new consumers and a portable, consistently crafted option for aficionados. Its versatile formulation makes it suitable for casual drinking, outdoor events, and occasions where traditional absinthe rituals may be impractical.

In September 2024, Diageo plc, a UK-based beverage company, acquired Ritual Beverage Company LLC for an undisclosed sum. This acquisition is intended to enhance Diageo's leadership in the non-alcoholic spirits market, aligning with its strategy to meet the growing consumer demand for sophisticated, flavorful alternatives and to expand its high-growth brand portfolio. Ritual Beverage Company LLC specializes in non-alcoholic spirit alternatives, including Absinthe.

Major companies operating in the absinthe market are Pacific Distillery LLC, Teichenné SA, Metelka AS, Mansinthe, Philadelphia Distilling Company, Pernod Ricard SA, St. George Spirits, Leopold Bros., Green Moon Ltd., La Muse Verte, La Grenouille Bleue Ltd., Absinthe La Fee, Lucid Absinthe, Kübler Absinthe Supérieure, La Clandestine Absinthe, Jade Liqueurs LLC, Butterfly Absinthe, Vieux Carré Absinthe, Ridge Distillery Absinthe, La Maison Fontaine, Hills Absinth, François Guy Absinthe, Mata Hari Absinthe, Absinthe Duplais Verte, Corsair Distillery, Copper & Kings American Brandy Company.

Europe was the largest region in the absinthe market in 2025. North America is expected to be the fastest-growing region in the absinthe market share during the forecast period. The regions covered in the absinthe market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the absinthe market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The absinthe market consists of sales of absinthe verte, absinthe ordinaire, absinthe reve pastis, absinthe bohemian, absinthe amber, and absinthe blanche, and other absinthe. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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