Industries

FOOD AND BEVERAGE

The demand for food products globally is increasing as a result of the growing population, change in consumer taste patterns, and rising incomes. As a result, the global market for

agribusiness will grow moderately over the next few years and will be positively influenced. According to the Market Research Report, the global agribusiness market will grow moderately at a CAGR of almost 3% by 2020.

MAJOR STATS

The global food and beverage industry revenue grew from $5.9 trillion in 2019 to $6.11 trillion in (2020)

The industry is growing at a CAGR of 7%

The average EBITDA margin is 19.37%, while net profit margin is 15.28%

The US market size is $1.4 trillion in sales contributing 5% of the country GDP and 10% of employment

REAL ESTATE

On a global scale, the real estate industry encompasses the many facets of property, including development, appraisal, marketing, selling, leasing, and management of commercial, industrial, residential, and agricultural properties. The industry which is a cyclical industry reacts to macroeconomic trends such as interest rates, population growth, and economic strength.

Despite the 2008 global recession that hit the industry hard, the real estate industry is still experiencing high fluctuations globally. Factors such as rural-urban migration, economic development, improved lifestyle, and search for better amenities have contributed to the increase in demand in the industry.

KEY STATISTICS

The global real estate market is growing at a CAGR of 2.8% from 2019 to 2026 to be valued at $8.6 trillion.

Investment Volume for the global real estate market will grow by 50% in 2021 despite experiencing a dip in 2020.

There are more than 2 million real estate agents in the United States.

The median sales price for houses bought in the US in 2020 was $355,900.

BEAUTY AND PERSONAL CARE

The importance of having healthy hair can never be underestimated as some studies have shown that hair health is a reflection of how healthy or healthy one’s life is. Maintaining healthy hair is essential for women as well as men, therefore, different formulas, tips, hacks and so many other guidelines have been proposed. From time to time, we witness newer methods or ways of taking care of our hair but it is imperative to note that haircare is not a one-size-fits-all.

The human hair is diverse and so grooming it comes with no exact templates for everyone. Consequently, the hair care market continues to record strong growth rates in a bid to meet growing needs of consumers of hair care products. This market consists of numerous products such as shampoo, conditioners, serums, colorants, sprays, and so on. The global hair care market, which was valued at $160 billion in 2016, is projected to rise to $211.1 billion by 2025.

MAJOR STATS

The Global Beauty and Personal Care industry is valued at $511.4billion in 2021

The industry is expected to grow at a Compound Annual Growth Rate (CAGR) of 4.75%

The United States market has the largest share at 16% to cap at $82.264Billion in 2021

The personal care segment accounts for 46.67% of the US beauty and personal care industry revenue

FASHION

Fashion is dynamic in that what was trendy some years ago might have evolved and become obsolete. As the year passes by, new trends emerge and dominate the fashion industry. Today’s fashion is bold and daring, and is a true representation of the fact that consumers are not afraid to air their opinions on what they wear. Beyond covering the body, consumers are fashion conscious and this is hinged on their personalities and beliefs, which manufacturers, designers, and retailers are also aware of and continue to try and meet these diverse needs.

For many reasons, the fashion industry is booming. A recent research even explained that the industry has grown at the rate of 21% over the past three years. Despite the COVID-19 pandemic that struck in 2020, speedy recovery is anticipated for the global fashion industry. In the Pre-COVID era, precisely 2019, the McKinsey Global Fashion Index forecasted a growth rate of between 3.5% and 4.5% for 2020, and it also noted that the luxury segment would outperform others.

MAJOR STATS

The industry was valued at $1.5 trillion in 2020 to reach $2.25 trillion by 2025

The industry is growing at a CAGR of 7.5%

The average profit margin in the industry ranges between 4% and 13%

The United States in 2019 had a market share of $368 billion

TRANSPORT AND LOGISTICS

The transportation industry is a collection of companies that provide services to move people, goods, and other items from one point to the other, and the categories under this industry include: air freight and logistics, airlines, marine, railroads, trucking, airport services, highways and rail tracks, and marine ports and services. This classification is based on the Global Industry Classification Standard (GICS).

The trucking sub-sector plays a pivotal role in the transportation industry since it is the lifeline of every business. This is because of the need to move tons of goods from one location to the other. Business owners around the world believe that if the trucking industry halts its operations for just 2 to 3 days, food shortages will escalate dramatically. The trucking industry affects every sector of the economy and so it is the heartbeat of production, which keeps the world functioning properly.

MAJOR STATS

The global transportation services market estimated to reach $7.8 Trillion by 2027

The global logistics market was valued at a CAGR of 6.5% projected to reach $12,975.64 billion by 2027

The trucking industry is growing at a CAGR of 4% to reach $5 trillion by 2027.

The global transportation services market estimated to reach $7.8 Trillion by 2027.

E-COMMERCE INDUSTRY

As of 2019, retail e-commerce sales worldwide amounted to $3.53 trillion and expected to rise to $6.54 trillion by 2023.[1] The growth of the sector can be attributed to increasing penetration of the internet, development in connectivity as seen in 4G and 5G technology, growing use of smartphones, an increasing number of small and medium enterprises, increasing consumer wealth, increasing importance of online marketing tools, such as Google ads and Facebook ads, customers’ inclination towards online

shopping as a result of the pandemic, and many more. Furthermore, the integration of artificial intelligence (AI), machine learning (ML), and in-app augmented reality are granting customers access to a real-time shopping experience, which contributes significantly to the decision-making process. In the same vein, social media advertising, same-day delivery, and custom packaging are driving more customers to online businesses.

MAJOR STATS

In 2019, e-retail sales surpassed 3.5 trillion U.S. dollars worldwide by 1.92billion people

Sales are expected to grow to 6.54trillion in 2021

By 2023, e-commerce will account for 22% of the global retail sales

Ecommerce penetration in the US is on the rise hitting 21.3% in 2020

MEDIA AND ENTERTAINMENTS

The media and entertainment industry comprises of organizations that produce and moderate different forms of entertainment that are manufactured and distributed to an audience. The industry has diverse sub-industries ranging from motion pictures, television programs and commercials, streaming content radio shows, news, video games music and audio recordings, broadcast, newspapers, magazines, and book publishing to targeted audiences worldwide. The expectation and behavior of consumers to the M&E industry over the years have evolved at a significant pace. These factors, as well as improvement in mobile technology i.e., increased

smartphone users, the transformation of cellular devices into media devices, and web-based domain, are the major market drivers of the industry. In 2019, globally the industry was valued at $2.2 trillion in which the US contributed more than $632 billion to its economy, representing a third and the largest of the global industry. PwC, an accounting firm, forecasted that the global M&E industry will reach $2.6 trillion by 2023, while the US is expected to reach $825 billion by 2023, experiencing a $108 billion increase.

MAJOR STATS

<

In 2019, the industry was valued at $2.2 trillion estimated to reach $2.6 trillion by 2023

<

The US representing a third and the largest of the global industry expected to reach $825 billion by 2023

<

5G technology is expected to create outstanding experiences which will account for close to $1.3 trillion within the next decade

<

The global OTT market is projected to reach USD 156.9 billion by 2024, from $81.6 billion in 2019 exhibiting a CAGR of 14%

MARIJUANA AND CANNABIS

The global legal marijuana market size is expected to reach USD 73.6 billion by 2027, according to a new report published by Grand View Research, Inc. It is anticipated to expand at a CAGR of 18.1% during the forecast period. The increasing legalization of cannabis for medical as well as adult-use is expected to promote growth[1].

Marijuana is also called Cannabis, pot, weed and other special names depending on the geographical location and the social levels within the location. It is used for medical, recreational and industrial purposes. In the State of California Marijuana use is legal for all three purposes.

MAJOR STATS

The global legal marijuana market size is expected to reach USD 73.6 billion by 2027

The industry is anticipated to expand at a CAGR of 18.1%

Currently, in the US more than two-thirds of the states have legalized cannabis for medical purpose

The chronic pain segment of the market held the dominant revenue share of 43.6% in 2019

HEALTH AND WELLNESS

The global healthcare market was valued at $8.452 trillion in 2018, and it’s projected to grow at a CAGR of 8.9% to attain $11.908 trillion by 2022. Growth in the industry is largely owed to increase in the population of the elderly, the growing economy of the emerging markets, global reforms in health insurance, and declining oil prices. Factors such as technological advancements and the rising prevalence of diseases will also drive growth. Growth in the industry is, however, being inhibited by lack of access to the healthcare, shortage of skilled labour, regulatory changes, and difficult biologics manufacturing processes. Hindrances to growth also include growing awareness of natural remedies and

alternative therapies, increasing interest rates, government intervention in healthcare services, and stringent regulations by the government. The healthcare industry is segmented based on type. These include medical equipment, pharmaceuticals, biologics, healthcare services, veterinary healthcare etc. Healthcare services accounted for the largest share of the market in 2018, followed by pharmaceutical and medical equipment before others. Veterinary healthcare and biologics are the fastest growing segments at 10.9% and 13.6%, respectively, followed by pharmaceuticals, and healthcare services at 6% and 9.3%, respectively.

MAJOR STATS

The health and wellness industry accounts for 5.3% of global economic output

The global wellness industry is a $4trillion+ market

The US has the largest market share in the health and wellness industry accounting for $52.5 billion.

The industry is growing at a Compound Annual Growth Rate of 6.4%.

CONSTRUCTION INDUSTRY

The construction industry is a broad industry and one of the most booming sectors contributing massively to the global economy. In its diversity, the construction industry includes preparation of construction land, alteration, and repairing of residential, commercial and industrial as well as civil engineering works. Also, maintenance and repairs, construction of temporary buildings, on-site assembly of precut, panelized, and prefabricated buildings, construction of distribution lines and related buildings and structures for utilities, installation of specialized building equipment such as elevators, escalators, and service station equipment are some of the services of the construction industry.

Although covid-19 has impaired the growth of the industry in a bid to curtail the spread of the virus and safeguard workers on project sites, the market is however expected to recover and grow at a steady pace. The lockdown exercise and social distancing as health guidelines reinforced by various countries owing to pandemic contributed to the decline of the industry at a growth rate of -0.9%, resulting in a dropped estimated value of $12.63 trillion by 2020 from a value of $12.74 trillion in 2019. In its recovery growth level, the global construction industry is expected to grow at a CAGR of 7.5% from 2021 to reach an estimated value of $15.43 trillion by 2023, according to Business Research.

MAJOR STATS

The industry is valued at $12.63 trillion in 2020 estimated to reach $15.43 trillion by 2023

The industry is growing at a CAGR of 7.5%

The average construction industry profit margin is 5%

The US has a market share o $1.3 trillion in 2020 forecasted to reach 1.53trillion by 2022

MOBILE APPS, TECH AND SOFTWARE INDUSTRY

The mobile application market growing at a tremendous rate. Each passing year has witnessed improvements and new features in the app world. Today, companies across many sectors including transportation and logistics, restaurants and food services, retail, consulting and several other sectors depend heavily on mobile applications. While websites are adapted for mobile experience, mobile applications offer better user experience and other intuitive features. This accounts for one out of many reasons why the market is on the upward trend.

The mobile app, which has been part of us for close to a decade or more, is now worth billions of dollars. As of 2015, the mobile app market generated $41.1 billion in gross revenue. Notably, gaming apps are the main growth drivers for the global app market. The non-gaming category is also growing steadily with potential to generate high revenues and achieve massive success in the market. By 2020, the app store is expected to have garnered over $101 billion with 284 billion downloads.

MAJOR STATS

The industry generated $106.27 billion revenue in 2018, projected to reach $407.31 billion in 2026

The compound annual growth rate of the industry is 18.4%

he average profit margin in the industry is 15% - 30%

United States Market Share in 2020 was $638 million

NON-PROFIT ORGANIZATION

A nonprofit organization (NPO), also known as a non-business entity, not-for-profit organization, or nonprofit institution, is dedicated to furthering a particular social cause or advocating for a shared point of view. In economic terms, it is an organization that uses its surplus of the revenues to further achieve its ultimate objective, rather than distributing its income to the organization's shareholders, leaders, or members. Nonprofits are tax exempt or charitable, meaning they do not pay income tax on the money that they receive for their organization. They can operate in religious, scientific, research, or educational settings.

The key aspects of nonprofits are accountability, trustworthiness, honesty, and openness to every person who has invested time, money, and faith into the organization. Nonprofit organizations are accountable to the donors, funders, volunteers, program recipients, and the public community. Public confidence is a factor in the amount of money that a nonprofit organization is able to raise. The more nonprofits focus on their mission, the more public confidence they will have, and as a result, more money for the organization. The activities a nonprofit is partaking in can help build the public’s confidence in nonprofits, as well as how ethical the standards and practices are.

MAJOR STATS

Globally, there are more than 10million nonprofits and NGO

In the US, there are 1.3million nonprofits in the US acounting for 5-10% of the economy

In 2016, there were 1.57 million tax-exempt organizations in America, an increase of 2.8 percent from 2003

Public charities grew at a much faster rate, 19.5 percent, than all other nonprofit organizations.

CHILD CARE EDUCATION

The World Bank, UNICEF, and OECD in collaboration with governments have been promoting the policy of early childhood education, while also contributing towards the Child care industries in member countries through government grants and subsidies. They influence national policies and end up contributing to global ideas on the position, role, and function of child care services.

There are the Government-sponsored Child Care services as well as Private Child care services. Due to the very important role child care service plays globally, most Governments constantly introduce subsidies and direct benefits to child care service providers to boost the market and encourage Service providers.

MAJOR STATS

The global market for child care reached a value of nearly $339.1 billion in 2018

The industry is expected to grow at a CAGR of 11.3% to nearly $520.4 billion by 2022.

The US child care services industry has about 54,000 commercial facilities with combined annual revenue of $27 billion

There are about 21,000 childcare facilities run by non-profit organizations with combined annual revenue of about $14 billion.

    mybusinessplanwriters

© 2021 mybusinessplans All Rights reserved