Five New Year's Resolutions Poised to Benefit US Industries
January 1 marks a turning point not only for consumers who choose to make immediate changes to their lifestyles, but also for the industries that stand to benefit from these sudden shifts in consumer behavior.
NEW YORK, Jan. 3, 2017 /PRNewswire/ -- While a healthier diet and more exercise are the perennial favorite New Year's resolutions, many other key US industries generate revenue as a direct result of greater consumer spending on goods and services throughout January, February and March.
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Resolution #1: Healthier Diet
The turn of the New Year inspires many consumers to make lifestyle changes. This offers a clean slate for consumers to either change or better manage their diets to healthier habits. According to IBISWorld Analyst Nick Petrillo, "Demand for the Fruit and Vegetable Markets industry is expected to grow amid increased demand for fresh and organic produce, which typically demands a higher price point than more conventionally developed produce."
Resolution #2: Better Budgeting
Individual consumers, households and enterprises may view the New Year as an opportunity to better manage their budgets by mapping out how their incomes are affected by spending behaviors. For this reason, the Financial Planning and Advice industry plays a key role in the early months of the year. The industry is anticipated to grow an annualized 3.0% to $56.2 billion over the five years to 2021.
Resolution #3: Travel More
Both the excitement for the New Year and the dread of cold winter months serve as the main motivating factors for consumers to pursue more travel. US-based revenue for the International Airlines industry is anticipated to grow an annualized 0.2% to $65.3 billion in 2021.
Other resolutions listed in full article:
Increase Charitable Donations
New Fitness Goals
About IBISWorld Inc.
Recognized as the nation's most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit www.ibisworld.com or call 1-800-330-3772.
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