Ups and downs

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Of course the market is down, there has been a drastic decline in the crypto markets. To be more precise, it is a usual thing. Why then is it called the financial market without the zig and zags. [Bitcoin](https://leofinance.io/@leoglossary/leoglossary-big-bang-london-stock-exchange] is currently trading below the 100K mark, this you know is an opportunity to buy the dip or should one wait for the 'dip-dip' or perhaps, 'the dip of the dip-dip'. Wherever you wish to enter, one can say there is room for growth. The likelihood of bitcoin hitting new highs is very high. Just consider how BTC will sit in the US treasury.

That was by the way, today's article was not to center on the global financial market but rather a local one. Yes, I am talking about our country's economy. When it comes to food, people are thinking of how to get enough and at an affordable price. This industry has remained a hot cake and it without doubt will continue to as long as humans are concerned.

One needs to understand the current trends; the ups and downs, this is how opportunity is discovered. Price of goods have gone up by an assumed 15%. This signals something, some markets or should I say industries will see high product or service demand as others decline. If you have been following my writing, you will then recall I wrote about something like this last week; figures recheck

I have been doing some studies and one industry I would like to discuss is the food vendor industry. From a local restaurant to a standard eatery, there will definitely be a high demand for this industry this year. Why am I saying so? When you understand the number game then you won't be on the doubting side.

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There has been a rise in the cost self prepared food in the country. You will have to spend more to cut costs. How many can afford this? The truth is, it is just a few, many are surviving on daily bread and here is where the food vendor market exactly fits in.

How large is the food eatery market currently in the country? As of 2024, this industry was estimated to be at a figure range of $10 billion dollars. Of course this figure when converted to the local Naira hits the trillions. Just a month into the year and we have seen these figures jump.

We are now talking of $11 billion plus and these figures will definitely surpass expected odds by my calculation. Studies suggest by 2030 this market will experience a growth around 19%. I feel it will exceed these figures if the economy continues to push at this inflammatory pace.

Adding to that, when people increasingly realize their true expenses figures, the switch will be inevitable. The market I am looking at is the individual market (singles or unmarried once). What is the percentage of singles against married couples? The latter has the higher figures which means they'll be room for these assumptions to thrive.

Starting an eatery business seems to be a good idea for those thinking of the available opportunity to leverage upon. Whether you plan to take it to a standard level or at a local one, I feel there is room to make substantial profit.

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You can't ignore the food industry, no matter how hard life may become, humans must always find a way to satisfy the stomach. With the high rise in standard of living, the door for many forgone alternative remains open. This is an advantage to the eatery/restaurants sector of the economy.

Personally, I will even consider the time and stress to go through food preparation. Of course I am single for now and you should definitely know where I am siding. Those who were into this business earlier enough will have a huge hedge.

There are so many ways the financial market is replicated in local ways. Every economic situation will definitely cause a market shift. It is just like when news and rumors skyrocketed or dip a coin. The cost of home food cooking is expensive and becoming unaffordable for the singles. Until one is raising a family I feel the option of fast food will remain a sustainer to balance this market.

To conclude, let me add, I will be putting my ears down to realize how the size of this industry will grow in the next six months. Probably I might even cover another article by then. There is a green candle for restaurant business in the country and I feel these candles will not decline all of a sudden. Maybe because this is your opportunity to invest in local businesses and make some profit. Remember, staying ahead of financial curves is key, even in tough situations, there are always opportunities, it is left for those with the eagle eyes to uncover.

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