Published on May 15th, 2020 | by Bibhuranjan

The 10 Global Fastest Growing Industries

To invest into multiple businesses, you must know what kind of industries are growing at a global as well as national level. Thus, this blog will inform you about the industries that play the major rule in driving the economy further, and are gaining more importance off-lately.

Agriculture

This industry is one of the most dominant one in major countries of the world. Without agriculture, there is no point in food processing as well as manufacturing of other items that get their raw materials from agriculture.

We can even label it is one of the ever-growing industries, and that too at a global level. In fact, many farmers and other laborers have their standard of living dependent on this industry, per se.

Education

Education is amongst the top-most industries that are always in demand. Be it any country, original, religion, or community, education never fades away. Without the education, we cannot even become a part of another industry.

Be it medical, health, fitness, or beauty that so proudly talks about cosmetic surgeries, hair implants, styles, elite make-up, and starting your own business, without education of these platforms, you simply cannot move ahead.

Manufacturing

This industry is one step ahead of agriculture. Manufacturing can be any other product in the world, which is not grown from the ground directly. Thus, manufacturing becomes the baseline of multiple other modern industries of the 21st century.

Items like packets, laminations, human hair wig, badges, cotton, wool, dresses, attires, furniture, can be manufactured and assembled. The world is so advanced that it is now manufacturing pseudo-materials, putting lesser pressure on the environment.

Food processing

Another industry that is founding its ground in the entire globe, especially during lockdown is the way we process multiple food items. Each country has its own food processing governing authority as well. Without the food processing, the end product cannot reach the market.

Thus, the end consumer will be left at his own wit’s if there is no food processing industry, especially during the tough times like worldwide pandemic. Thus, items like jams, breads, batter, candies, wheat, etc. are processed using the raw produced items from the ground.

We can even say that the food processing industry is majorly depending upon the raw materials that are grown from the agriculture sector. So, most developed countries are better at food processing, while the developing ones are best in growing their own vegetables and fruits, which they export to the developed countries as well.

Fashion

Often fashion is considered as a leisure industry. But as the environmental concerns are increasing, the importance of sustainable fashion is also coming up to the surface. Now, be it the beautiful traditional dresses, or simply short bob wigs, the entire focus is put on the organic ways to ricochet the design.

Many of the products in the fashion industry are now related to the handloom sector. That being said, designers are making these fashionable outfits or attires using their talent and skill. No same design or pattern is repeated at all in such an industry, if we talk about handlooms or handcrafts.

Thus, with the handcraft materials, the real cost of each accessory or fashionable item goes majorly to the designer. They are now able to earn a better living through the same. In fact, with the home-grown cotton, without harming any animals, this sustainable fashion industry is definitely winning the charts to upgrade the GDP of each country where it is prominently realized.

Beauty

Beauty is closely related to fashion. But it has its own market share around the globe. Cities like New York, Paris, Milan, Rome, Mumbai and Nice are the epitome of beauty across the world.

The beauty-related not only to the way people are wearing their make-up, but also how they are walking, presenting themselves, and choosing the right attire and accessories to go with the face-cut.

The beauty industries with make-up products, 360 frontal wig choices, and accessories like heavy and light jewelry bring a new charm into one’s personality. We can even say that the beauty industry is kind of an upper-class industry, or a brand on its own.

Health

The importance of the health industry, currently, is much more than it was ever. We all know the current pandemic that is bound to change the way we think about the world, once we all move past it.

It is also a given fact that without the help of the frontline workers, the world wouldn’t be able to survive the pandemic on its own. Thus, health has always played an important role in contributing a greater chunk in a country’s GDP, irrespective of the developmental level of that country.

Across the world, skin-related issues like rashes, itching, and pockmarks are treated regularly, enabling the patient to live his or her life as normal as possible. More than that, even illnesses like alopecia can now be treated by giving an option of short bob wigs to the patient, bringing his or her confidence back even after acute baldness.

Microfinance

This industry is amongst the fastest ones in the world because of the change in the standard of living of the developing countries. Now, government rules and policies are becoming smart. The 3rd world countries are focusing to become self-reliant just like the developed countries.

And for this, ample investment is made into the microfinance sector to bring forward the opportunity for people to become the leaders of tomorrow. This can be done by becoming entrepreneurs, investors, start-ups owners, and sole proprietors of small scale as well as medium-scale businesses across the world.

Digital currencies

This industry has gained its stature in the last 10 years with prominent evidence of Bitcoin and other cryptocurrencies taking the lead. More than that, many countries have now banned the use of cash in hand, and only using digital currencies to promote digitalization.

Fitness

With the increased pressure on the global environment, mortality rates, and the uncertainty of the unknown illnesses like Coronavirus across the world, fitness has become quite an industry on its own.

People are regularly investing their time and money on different types of fitness regime like Yoga, Pilates, Zumba, Karate, Kung-Fu, and much more. Fitness itself is the need to elevate the brand value of public figures like celebrities, life coaches, and other philanthropists.

Tags: beauty, finance, growth, health, industry, manufacturing

About the Author

Bibhuranjan Editorial Officer, technofaq.org I'm an avid tech enthusiast at heart. I like to mug up on new and exciting developments on science and tech and have a deep love for PC gaming. Other hobbies include writing blog posts, music and DIY projects.