Top 10 fastest-growing industries in the United States
Diverse new industries among the nation's fastest growing industries
The production of hot sauce, self tanning products and solar panels are
among the fastest growing industries in the U.S. Hot sauce production in
particular is seen as a burgeoning industry. According to a recent
report by IBISWorld, self-tanning products are also creating a
profitable niche market.
The boost in awareness of the relationship between UV-rays and skin cancers may also explain the fast growth in the self-tanning products sector.
There's a serious side to these growth industries, far beyond fads and passing fancies. For example, the rise of drug alternatives shows how consumers are increasingly prioritizing health-related concerns. The boost in awareness of the relationship between UV-rays and skin cancers may also explain the fast growth in the self-tanning products sector. Self-tanning products are slated to increase its revenue by another 18 percent this year, IBIS reports.
Not surprisingly, environmental concerns have also emerged as a major economic motivator. There also the subsequent worries over the country's dependency on fossil fuels have had lawmakers emphasizing energy alternatives.
Subsidies from Obama's energy stimulus bill have helped green technologies sustain growth in the face of decreased European demand and competition from China, as witness the $4.6 billion dollar industry of solar panel manufacturing leads the trend, according to IBIS.
One surprising sector that made the list is for-profit colleges. Heightened competition and rising tuition costs at private and public universities have made the options such as DeVry and University of Phoenix attracts more students. It must be noted that enrollees at for-profit schools reportedly wind up with fewer post-graduate options and more debt.
Here are the top ten fastest-growing industries:
10. Online Eyeglasses Sales
9. Green and Sustainable Building
8. Hot Sauce Production
7. Social Network Game Development
6. 3-D Printer Manufacturing
5. Self-Tanning Product Manufacturing
4. Pilates and Yoga Studios
3. For-Profit Universities
2. Solar Panel Manufacturing
1. Generic Pharmaceuticals
© 2012, Catholic Online. Distributed by NEWS CONSORTIUM.
- - -
Pope Benedict XVI's Prayer Intentions for January 2013
General Intention: The Faith of Christians. That in this Year of Faith Christians may deepen their knowledge of the mystery of Christ and witness joyfully to the gift of faith in him.
Missionary Intention: Middle Eastern Christians. That the Christian communities of the Middle East, often discriminated against, may receive from the Holy Spirit the strength of fidelity and perseverance.
Keywords: Fastest growing industries, self tanning, green buildings, solar panels
Rate This Article
Leave a Comment
More Business & Economics News
- Web developer: Earn $60,000 a year - without college degree or debt
- China, India, Brazil could dominate global investment by 2030
- Unemployment in U.S. comes roaring back - in a big way
- Criminally unfair? Why disgraced Enron CEO Skilling could see freedom sooner than you think
- Berkshire Hathaway Inc. hits first quarter record profit at 51 percent
- China and Japan now hold record amounts of Obama debt
- Does shift to mobile mean Facebook's salad days are done? Not at all
- U.S. annual growth rate slowest since 1929, start of Great Depression
- Prosperity gap between races in U.S. widened during recession
- Fr. Paul Schenck: Finding Living Faith on Catechetical Sunday
- The Movie Yellow: Incest as 'Normal' and Cassavates's Slides Into the World of Woes
- The Chicago School Teachers Strike Reveals the Need For School Choice
- The Sexual Barbarians and the Dissolution of Culture
- The Happy Priest Challenges Us to Ask: Who is Jesus to Me?
- Michael Coren on Canadian Public Schools: Teachers, leave those kids alone
- We Cannot Ignore Our Consciences: Cardinal Dolan On Religious Liberty
- In the Face of Danger, Successor of Peter Travels to Lebanon as a Messenger of Peace
- Reflections on the Dignity and Vocation of Women: Who or What?
Disclaimer: The columns, articles, advertisers claims and any other features provided on Catholic Online Business & Economics are provided for personal finance and investment information and are not to be construed as investment advice. Under no circumstances does the information in this content represent a recommendation to buy, sell or hold any security. The views and opinions expressed in an article or column are the author's own and not necessarily those of Catholic Online and there is no implied endorsement by Catholic Online of any advice or trading strategy.