Evergreen Industries

 Even today, people’s basic needs have broadly remained the same. Everyone still eats food, though it can be more processed than fresh. Likewise, children will need an education, and everyone needs a doctor at times. In this article, we'll review those key industries that have been around for a long time and will survive the ups and downs of market cycles.

1. Food

Food is required for life and this means demand will always be high. For this reason, the food industry is one of the safest industries for investment. The food industry covers a variety of activities such as agriculture, ranching, processing, preservation, preparation, and packaging. This industry is diverse not only in terms of products but also in terms of the size of players, from traditional family-run, labor-intensive farms to capital-intensive, highly mechanized firms.

2. Pharmaceutical

The pharmaceutical industry has experienced impressive growth globally. In 2019, worldwide spending on pharmaceuticals before discounts and rebates came in at $1.25 trillion, up from $1.2 trillion in 2018

3. Healthcare

The healthcare industry has grown tremendously, backed by government initiatives to provide high-quality healthcare, especially in developed countries. Further spurring growth in this industry are rising populations and incomes in emerging markets, increased access to healthcare facilities, aging populations, and an uptick in chronic diseases.

4. Education

The education industry is one of the fastest-developing industries globally, generating large-scale employment and revenues. Private partnerships, e-learning, higher demand for foreign education, and increased offerings for test preparation have transformed education from the traditional schoolhouse. The rising middle and upper classes in India and China have helped support this rapid growth and transformation.

5. Sin Industry

This industry will continue to survive because, as the old-time adage goes, “old habits die hard.” The industry broadly includes alcohol, tobacco, and gambling. These industries are called "sin" industries because of their undesirable social impact and costs.

6. Entertainment and Media

This industry is a mix of businesses involved in the production and distribution of television programs, commercials, games, publishing, music and audio recordings, and motion pictures.