Tourism and Wellness: Sectors like pet care, concerts, and wellness services (e.g., pet food) are expected to grow by 10-15%, driven by the rising trend of self-healing and an increasing number of pets.
Children’s Products and Services: The market for children’s products is expected to grow by around 4% as parents continue to prioritize quality and safety for their children.
Green and Low Carbon Businesses: Research shows that 58% of consumers are willing to pay for eco-friendly products and services, with 37% willing to pay up to 10% more than regular products.
Businesses at Risk in 2025:
Fashion, Furniture, and Decor Production: Consumers are still cautious with spending, and businesses competing with imports from China, Japan, and Korea may see shrinking sales if they fail to adapt.
Internal Combustion Engine Car Dealers: The transition to electric vehicles (EVs) is putting pressure on sales of traditional vehicles, compounded by purchasing power concerns.