Top 7 Business Growing Niches: That Are Still Facing Alarming Growth

Your business can take you to new heights when it targets the right niche, but that means targeting niches that are growing rather than stagnant or declining. If you’re looking for opportunities, these seven niches are still facing alarming growth and will take your business far in 2017 and beyond. Let’s look at these exciting and lucrative niches, starting with one of the fastest-growing niches in recent years...

1) The Home Improvement Industry

The Home Improvement Industry is one of the fastest-growing industries in the country. In 2018, it was ranked as the 5th largest industry in America with projected revenues of nearly $900 billion by 2020. With a rising trend of homeownership and home values, this industry will continue to grow exponentially over the next few years.

2) The Health and Fitness Industry

It's no surprise that the Health and Fitness industry is still experiencing growth, given the population boom. The number of people living in America is expected to increase by 50% in the next 35 years, which means a greater demand for health services and products as well. The US Department of Health and Human Services estimates that by 2030, the number of people over 65 will increase from 14% to 20% of the population.

3) The Technology Industry

People in the technology industry are working hard to provide you with digital marketing, making money online, health and fitness, personal finance and investing recipes and food, and personal development. CBD and vaping are also taking off in a big way as more people learn about their benefits.

4) The Business and Finance Industry

Digital marketing, making money online, and health and fitness industries continue to grow at alarming rates. The Personal finance and investing industry continue to grow rapidly as well. These growths are driven in large part by the insatiable demand for information on how to make better choices with personal finances. Recipes and food are another industry that has seen a recent surge in sales.

Digital Marketing - Digital marketing is still one of the best ways for small businesses to get their name out there and be competitive in the market. Making Money Online - The online economy is huge and growing, so much so that brands like Amazon have begun to dominate.

5) The Travel and Hospitality Industry

The Travel and Hospitality Industry is one of the fastest-growing industries in the world with a 13% annual growth rate. A lot of this has to do with how more people are traveling domestically and abroad. The industry includes hotels, restaurants, airlines, travel agents, tour operators, and much more.

6) The Education and Training Industry

The Education and Training Industry is still growing. In a world where more than one billion people are now connected to the internet, the need for education and training continues to grow. As a result, Digital Marketing is also exploding in popularity as it helps businesses reach a wider audience. Many of these niche markets have exploded in recent years, with some seeing up to 60% growth. People have become accustomed to accessing information online and are turning to online courses for everything from cooking to personal development.

7) The Retail Industry

The retail industry is still on the rise, with several niches having to find their footing. Here are a few of the niches that are facing alarming growth and how they can combat it.