Part I of II
The fastest growing industries in the United States are worth following because they are the sectors that are hiring and prospering in spite of the global recession. You might be surprised at some of the businesses on this list, but the numbers and profits make them a favorite among customers and investors:
3-D Printing is the process where a single machine creates or prints a three-dimensional object by layering surfaces of materials on top of each other. Like 3-D movies, this industry is making strides with new retail opportunities for printable marketing materials.
Hot Sauce and other condiments are rapidly gaining popularity with the American public as the culinary environment becomes more diverse. In one of our last newsletters, on millionaire immigrants in America, several immigrants dealt with ethnic foods that have crossed the mainstream in American food to make lots of money.
Generic pharmaceutical manufacturing is growing not surprisingly as the American population is aging. Because many retired Americans do not have a large pension funds or cannot rely on social security benefits, the answer to medicine and healthcare becomes “generic” labels which cost a lot less than established brands.
Pilates & Yoga Studios have been on the rise for years as more and more Americans are interested in both body and mind health benefits. Although America has a large share of obese population, many are spending more of their income on ways to stay fit and trim, and the biggest trend these days is yoga and pilates classes.
For-profit education in specialized occupations or alternative academic degrees is on the up rise. Because prestigious institutions cost a lot of money to attend, including expensive tuition costs – alternative schools and training courses are capturing a large share of the market of people who want certifications and academic achievements. After-school education programs like centers that help students with their homework are also popping up across the country. Getting the best scores in school is becoming very important as the competition to get into the best universities is getting harder and more selective.
