Agave plant field

Allied Market Research: Global tequila market projected to reach $24.19 billion by 2031

03 August, 2022

A recent report by Allied Market Research has shown that the global tequila market garnered $12.89 billion in 2021, and is estimated to generate $24.19 billion by 2031.

Based on region, North America accounted for a major share of the market in 2021, due to the popularity of agave-based spirits among Americans and Mexicans in the region. 

The report indicated the rising demand for tequila in different business sectors including restaurants, bars, and pubs, is driving market growth as consumption increases.

It also showed that the B2B segment and tequila blanco expression also accounted for a major market share in 2021.

The full report provides analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape, offering valuable guidance to leading players, investors, shareholders, and startups.

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