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10 Fast-Growing Industries For Small Businesses (PHOTOS)

The Huffington Post  |  By Posted: 04/25/2012 1:44 pm Updated: 04/25/2012 1:44 pm

Small businesses know best that the life cycle of certain industries can be abruptly cut short by new developments or changing consumer preference, while others find a way to thrive even in uncertain times. According to data from IBISWorld, while the video game rental business is withering, online gaming platforms are seeing unmatched growth.

Gaming, alongside other hot industries like sustainable construction and self-tanning products are just a few sectors that have seen sustained growth in the last decade, even through the recession. While U.S. gross domestic product is projected to grow by 3.3 percent annually over the next five years, the following industries are far surpassing expectations.

If you've been bitten by the entrepreneurial bug, you may want to get your hands dirty in one of these fast-growing industries.

Hot Sauce Production
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Driven by immigration and international demand, hot sauce production has seen steady annual revenue growth of 9.3 percent in the last decade.

Due to an increasing presence of ethnic food stores, revenue is projected to grow over 4 percent annually in the next five years.