During the Pandemic are Any Industries Thriving?

Pretty much all the business and economic news over the last few months has simply been dire and grim to say the least.  People and executives worldwide are despairing, feeling hopeless, wondering if they will ever get back into business again let alone thrive.  Somehow though, some industries actually are thriving.  Here, we take a brief look at three of them.

The first one is obvious: industrial cleaning chemicals.  According to the Global Industrial Cleaning Chemicals Market, the industry size was measured at $16290m.  By the end of 2026 it is anticipated that this figure will increase to $20930m.  between 2021 and 2026, the CAGR will be 3.6 percent.

The second industry that is thriving and is predicted to continue to grow during the next few years is the delivery and takeout food. While it is anticipated that the restaurant industry will suffer a huge loss in the foreseeable future, take out food will have the opposite effect.  One particular example of this is Beyond Meat, which has encountered a soaring of 194.9% in grocery sales during Q2 2020.

A third industry is the hair dyeing market.  During the lockdowns people had to figure out what to do with their hair on their own – many for the first time ever. Experimenting with DIY hair dyeing kits became the norm and many of the big names such as Estee Lauder, Avon Products and L’Oreal witnessed an increase in sales in this area.