Drones
Drones are becoming more and more prominent in today's society. You may even have seen little drones flying around your neighborhood. The commercial drone market is predicted to grow to grow to about $1 Billion by 2022. The average annual growth of the market is about 17 percent; a respectable to growth rate. Drones are used mostly by the government but drones have been pushing their way into the private sector. Considering the drone industry arose relatively recently, there are many improvements to be made, making the industry a great opportunity for people looking to start a business with high growth potential.
Food
Is the food you are eating going to kill you? Let's hope not. People are becoming more conscious about food safety, especially because of the recent norovirus and E. Coli scares that we've all heard about. The desire for locally grown or organic food is on the rise. People are gravitating away from restaurants receiving food shipments from a variety of suppliers because safety is difficult to ensure. According to CNBC, considers food analytics to be an emerging industry. Judging by the recent pressure on food safety, expect to see this industry emerge in the near future.
The food safety and food analytics are both very promising industries. Food analytics involve the development of products that assist with food inventory management. Food industry management tools help companies keep track of their food inventory; these products take into account expiration dates and suggests when food should be used. If you are interested, I'd suggest keeping an eye on both industries over this upcoming year.
Babies
It appears that we may be experience the baby boomers for a second time. Well, I wouldn't say that exactly, but the birth rate is on the rise again, and millennials want to spoil their children with only the best products. It is said that parents spend about $50 a week on a single child. Children are expensive, we can all agree on that. Because of the rise in the birth rates around the world, the global baby product market is expected to grow to about $67 billion next year.
Health
Healthy is cool. It seems to me like all people talk about these days is yoga, pilates, and the "the great new fitness trend." All this talk is exhausting; that, itself, is enough exercise for me. Essentially, the wellness industry has shown substantial growth over the last few years. As people become more health conscious, more gyms establish themselves, selling memberships for exuberant prices. Contributing to this growth within the industry is corporate wellness. According to IBIS, the corporate wellness industry is worth $8 billion and growing. For more information on the rise of the fitness industry, check out "Fitness Industry on the Rise," a blog post I recently created.
Environment
50 shades of... green. Everything has gone green. Conserving the environment seems to be everyone's first priority. Entire companies are going green. It is wonderful to see the effort that the world is putting into environment conservation. Because of this huge effort, environmentally friendly products are very popular. Not only have environmentally friendly products become prominent in society, but also has environmentally friendly building practices, as well as clean energy. The search for energy that is both clean and efficient is something all entrepreneurs should be keeping an eye on whether they are interested in it or not. Chances are, when you start your business, the environment and environmentally friendly products and energy, will have an effect on your organization.
I compiled this information from the following sources:
- CNBC: Want to start a business? Disrupt these industries
- Inc.: 6 Industries You Can't Afford to Ignore in 2016
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