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The Top 10 Fastest-Growing Industries

 If the following list, found on Wonkblog, is any indication, the way out of the recession is hot sauce, green construction and whole lot of downward facing dogs. If that’s the case, then the franchise industry, which predicted a 5% growth margin for 2012, is poised for an even better end of year report.

The Top 10 Fastest-Growing Industries in the United States:

1. Generic pharmaceuticals

2. Solar panel manufacturing

3. For-profit universities

4. Pilates and yoga studios

5. Self-tanning product manufacturing

6. 3-D printer manufacturing

7. Social network game development

8. Hot sauce production

9. Green and sustainable building construction

10. Online eyeglasses sales

Why Hot Sauce?

It seems as though not some, but most, like it hot. As a nation, our tastes are changing. The growing number of immigrants and morphing demographics of our melting-pot country are causing a desire for spicy, ethnic foods.  For the past decade, the hot sauce manufacturing industry has grown at a rate of 9.3 percent per year.  

While there aren’t any hot sauce franchises (to my knowledge) this taste for spicier food is sure to carry over in ways other than the bottle of Tobasco on your table. Mexican-inspired franchise restaurants are seeing an increase in their popularity across the country, too. 

Green, Mean Money Machines

Solar manufacturing and sustainable building construction, the two green industries on IBIS World’s list, can attribute part of their growth to various government subsidies. Though these subsidies are beginning to wind down, the growth rate for green industries is predicted to continue in 2012 with Solar Panel Manufacturing and Sustainable Green Building growing at a rate of 8.2 percent and 9.4 percent respectively.

For the environmentally conscientious interested in becoming a franchise owners there are quite a few options available. Just to name a few:

  • DwellGreen (read our interview with the CEO here)
  • Earthwise Pet Supply
  • Filta Environmental Kitchen Solutions
  • Better Life Maids
  • Dr. Energy Saver
  • Chem Dry Carpet & Upholstery Cleaning
  • 1-800-GOT-JUNK?
  • 1-800-Water-Damage
  • AdvantaClean
  • Green Building Advisors
  • Hello Eco
  • Nutri-Lawn
  • Solar Soleil
  • Soil to Sun
  • USA Solar Store
  • US Lighting Group
  • US Energy Solutions

Say Om

Pilates and yoga studios were highly resistant to the recession and have continued to grow as the U.S.’ economy strengthens. From 2002 to 2012, the industry grew an average of 12.1 percent per year. In 2012, yoga and Pilates studios are projected to experience a 5.1 percent growth rate.

A number of yoga and/or Pilates franchises are available to those interested in helping others improve their strength, flexibility and fitness levels. Though they’re not mentioned explicitly in IBIS’ report, I would imagine similar health and fitness concepts like gyms and massage franchises have experienced an uptick in their growth rates and are ripe for expansion as well. 

  • IMX Pilates
  • Wundabar Pilates
  • Sunstone Yoga
  • Open Doors Yoga
  • Innergy Yoga
  • Bikram Yoga
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About Annabel Jones

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Franchise Consultant