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8 Best Industries for Starting a Business Right Now (636 hits)


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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