8 Best Industries for Starting a Business Right Now | Inc.com

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Best Industries 2018

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 andmanmade emergencies has increased the demand for services and boosted startup funding. Revenue for the disaster relief industryis expected to jump to $11.2 billion in 2022 from $10.1 billionin 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 nontraditonal 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

Amazons $970 million acquisition of Twitch and the possibility that the NCAA will support collegiate gaming is driving enormous growth ineSports. The industry is expected to reach $1.7 billion in 2020, upfrom $1.1 billionin 2018, according to SuperData Research.

Influencer agents

These startups represent social-media stars who need help turning Instagram followers into cash. As social medias influence continues to surge, revenue for the industry isexpected 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 businessis resulting in a wave of new,innovativeproducts. It's ahuge opportunity: The overall beauty market is expected to jump to $27.8 billion in 2022 from $22.1 billion last year, according to IBIS.

Womens reproductive health care

Startups are helping women take control of their reproductive health with fertility-tracking apps and other services. A2015Harris Williams study estimatedthe U.S. fertility market's value at between $3billion and $4 billion.

Canned wine

The product inside hasnt 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 findinginnovative 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 expectsto increase by about42 percent by 2022.

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8 Best Industries for Starting a Business Right Now | Inc.com