Peychaud's bitters brings a lighter sweeter flavor and aroma than that of Angostura, another popular bitter. Peychaud's is called for in a few classic cocktails include the Sazerac cocktail. With a rich New Orleans history that dates back to 1830 by Antoine Amédée Peychaud, a Creole apothecary. You'll find Peychaud's bitters brings a bit of anise in the flavor as well.