Jagermeister is one of the most popular fruit-flavored liqueurs in the world, and ranks as the most popular exported liqueur produced in Germany.While its precise recipe is secret, the flavor of this drink definitely indicates the presence of licorice and anise.agermeister, which is German for hunt master, has been in production since 1934 by the Mast-Jagermeister AG Company. It is typically sold in green bottles and the label is recognized by the image of a deer and a cross.