The time is right.
Got the entrepreneurial bug? Think about launching in these sectors, based on analyst data and interviews with industry experts, investors, and entrepreneurs.
Disaster Relief:
A spate of natural disasters and manmade emergencies has increased the demand for services and boosted startup funding. Revenue for the disaster relief industry is expected to jump to $11.2 billion in 2022 from $10.1 billion in 2017, according to IBISWorld.
Alternative-Protein Food Products:
The technology is now available to meet consumer demand for great-tasting foods that use proteins from non-traditional sources. The market accounted for $4.2 billion in 2016 and is expected to grow 6.8 percent between 2017 and 2022, according to Research and Markets.
eSports:
Amazon’s $970 million acquisition of Twitch and the possibility that the NCAA will support collegiate gaming is driving enormous growth in eSports. The industry is expected to reach $1.7 billion in 2020, up from $1.1 billion in 2018, according to SuperData Research.
Influencer Agents:
These startups represent social-media stars who need help turning Instagram followers into cash. As social media’s influence continues to surge, revenue for the industry is expected to increase to $10.8 billion in 2022, a 2.2 percent jump from 2017, according to IBIS.
Beauty Tech:
The integration of tech and the beauty business is resulting in a wave of new, innovative products. It's a huge opportunity: The overall beauty market is expected to jump to $27.8 billion in 2022 from $22.1 billion last year, according to IBIS.
Women’s Reproductive Health Care:
Startups are helping women take control of their reproductive health with fertility-tracking apps and other services. A 2015 Harris Williams study estimated the U.S. fertility market's value at between $3 billion and $4 billion.
Canned Wine:
The product inside hasn’t changed, but the new packaging is gaining acceptance, especially among Millennials. Total U.S. sales for canned wine jumped to $32.3 million last year--a $29 million increase from 2014, according to Nielsen.
Elderly Care:
Businesses are finding innovative ways to care for the large population of aging Baby Boomers. The industry generated more than $50.7 billion in revenue in 2017, a figure IBIS expects to increase by about 42 percent by 2022.
Source:
https://www.inc.com/ss/best-industries-for...
Posted By: Luis Guzman
Thursday, April 19th 2018 at 11:33AM
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