Liquor Sales in 2020 Were the Highest in 40 Year

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7.7%: That’s how much U.S. distillers’ annual revenue increased in 2020. Alcohol retailers bought $31.2 billion in liquor last year, up from $29 billion in 2019, marking the highest growth and sales in the past four decades, according to the Distilled Spirits Council and as reported by the Wall Street Journal.

With bars closed and few live entertainment, sports, or travel opportunities on which to spend their disposable income, consumers are spending it on food and alcohol. High-end spirits have gotten a particularly large boost, accounting for roughly 40% of the overall growth in the spirits industry last year.