Investing in growing businesses is a proven option to boost the investor’s net worth. It also provides a solid avenue for both investors and investees to achieve growth. Those interested can start with local business investment as a practical starting point. Here, they can offer financial support to start-ups or medium-sized businesses with significant expansion potential. So, based on current trends, investors can look into certain businesses and industries that show strong growth potential.

1. Food trucks
Certain consumer research studies have predicted that the market for food trucks will grow to as much as $6.87 billion by 2029. They are a great investment option, as food trucks and cloud kitchens can work and thrive if they follow all the hygiene and operational regulations of the state where they are based. The biggest plus point of investing in a food truck is the relatively low costs involved in the daily running operations and the potential for high returns. However, it’s crucial to acknowledge that the larger cities have a fairly saturated food truck market. So, investors may find greater opportunities for rapid growth by investing in food truck businesses in smaller heartland cities.

It is also important to keep in mind that the food truck industry is subject to strict regulations. This means that apart from direct monetary contributions, investors can assist business owners with securing ordinances, facilitating business extension licenses, and adhering to safety compliance standards. So, investors can help truck owners get food business insurance policies to safeguard their finances.

2. Organic food
The organic food industry is fairly large and expansive. This is because organic foods can be comparatively healthier in some cases , and new growing methods can be more economical. Additionally, many consumers prefer natural and organic foods to overly processed and chemical/preservative-infused products. Given the increasing emphasis on global environmental sustainability, this industry is projected to be relevant and progressively more profitable in the next 20 to 25 years. 

While there are no definitive rules or business investment guides for organic food businesses, investors can ensure growth by implementing efficient technologies and farming techniques and lowering production costs. Also, the business investment group can help businesses negotiate better deals with suppliers and provide bulk purchase inputs. The investments made can also be used to control overhead costs, including rent, utilities, and administrative expenses.

3. Baby products
Businesses that produce high-quality baby products are always likely to grow as this industry constantly expands. The baby products market comprises a wide range of product lines, including baby food, toys, and skincare.

The market for baby products is expected to expand at a compound annual growth rate (CAGR) of 5.9% between 2024 and 2030. This growth is primarily driven by an enduring customer demand for premium, high-quality, and utility-driven products. Given the industry’s vastness, investors must select a specific niche for their investments, including baby furniture, clothing, car seats, and bathing apparel.

Once they select a given niche, they must look for local business investment options and brands that can add to their domain and offer collaborative growth opportunities. Along with the funding, investors can assist baby product businesses with monetary contributions toward securing the necessary licensing and accreditation.

4. Renewable energy
As with organic food, renewable energy is also an industry primed for significant growth in the upcoming years. Renewable energy startups require a large cash injection to set up and execute their operations. This is because these businesses have massive infrastructural requirements and daily operational costs.
Investors need to answer some key questions before putting money into a renewable energy business. These questions help investors decide the viability of associating themselves with any renewable energy company.

• Does the startup have a viable, comprehensive business plan with clearly stated goals and objectives?
• How did previous renewable energy startups perform for investors in terms of returns?
• Who are its major competitors?
• What renewable energy technologies does the company use? Are those technologies currently in development or already deployed for day-to-day operations?
• What are the key risks associated with investing in such businesses?
• How much experience do the owners of such businesses possess?
• What is the company’s plan to generate profits and revenues?

5. Plant nurseries
Plant nurseries significantly promote environmental sustainability, making them a highly viable business investment opportunity. Investors can support nurseries in various ways, such as providing direct funding, sourcing seeds and plants, integrating technology, adding personnel for daily operations, or offering other assistance to nursery owners.

Various factors determine the level of investment, including the costs associated with securing land, purchasing materials such as pots or bags, purchasing equipment like shovels, secateurs, wheelbarrows, rakes, and sprayers, and obtaining the necessary business licenses and certifications to operate legally.

Some other avenues or viable business investment ideas include putting money in pet product manufacturers or thrift stores.