15 Hot Craft Hobbies Primed for Profits
The online craft revolution continues gaining momentum as creative entrepreneurs transform hobbies into thriving businesses. According to a 2022 survey by software giant Etsy, 87% of crafters already sell goods as side hustles while 63% aspire to quit 9-5 jobs and craft full-time.
(insert chart showing % stats above)
With the global handmade marketplace projected to hit a value of $1.14 trillion by 2027 [Source: Fortune Business Insights], ample room for expansion still exists. So which creative outlets show the most commercial promise in 2024 and beyond?
This data-driven guide explores 15 of the hottest hobby-turned-hustle opportunities right now:
| Craft | 2022 Sales | 5 Year Annual Growth Rate | Startup Costs | Top Selling Products |
|---|---|---|---|---|
| Jewelry Making | $5.8 billion | 5.3% | $300-$1000 | Necklaces, bracelets, anklets |
| Candle Making | $4.3 billion | 3.7% | $100-$500 | Scented jars, wax melts, gift sets |
| Apparel & Accessory Design | $8 billion | 4.2% | $100-$300 | T-shirts, hats, patches, bags |
| Printable Arts & Stationery | $21 billion | 34% | $50-$300 | Wall art, invitations, calendars |
| Woodworking | $16 billion | 23% | $300-$2000 | Furniture, decor, kitchenware |
| Soapmaking | $5.6 billion | 8.6% | $150-$500 | Bars, bath bombs, shower gels |
| Pottery & Ceramics | $24 billion | 5.7% | $300-$2500 | Tableware, planters, sculptures |
| Paper Arts & Crafts | $29 billion | 3.2% | $50-$500 | Cards, origami, scrapbooks |
| Upcycling | $710 million | 9.5% | $0-$100 | Furniture, apparel, decor |
| Baking & Cake Decorating | $8 billion | 5% | $100-$300 | Cakes, cupcakes, cookies |
| Floral Design | $35 billion | 8% | $300-$1000 | Arrangements, bouquets, wreaths |
| Leathercrafting | $92 billion | 11% | $100-$1000 | Wallets, handbags, watch straps |
| Stained Glass Arts | $26 billion | 1.8% | $100-$1000 | Windows, lamps, mosaics |
| Knitting & Crocheting | $7 billion | 4.1% | $50-$300 | Sweaters, baby clothes, socks |
| Natural Bodycare | $58 billion | 5.8% | $100-$500 | Soaps, balms, oils |
Source: Craft Industry Alliance 2022 Reports & Product Sector Analysis
(insert data table above)
As the stats confirm, creativity commodified cuts across almost every lifestyle sector – fueling robust sales from craft chocolate to crochet bralettes!
Let’s explore these 15 hobby niches set to erupt in 2024 based on commercial opportunity.
1. Jewelry Making
(Expand this section further with more data-driven details around the profitability and future growth trends of the jewelry design business globally and hints on how new crafters can leverage the Handmade Consortium’s annual reports when conducting market research.)
2. Candle Making
(Provide more statistics around year-on-year growth rates within the candle niche and which specific product formats like room sprays and reed diffusers are rising most sharply. Include prototyping and testing advice from champion candle makers.)
3. Apparel & Accessory Design
(Present interviewed comments and advice from both independent apparel designers just starting out along with merch managers from leading music bands who design artist merchandise at scale for global fanbases as profitable side hustles.)
15 Hot Craft Hobbies Primed for Profits
The online craft revolution continues gaining momentum as creative entrepreneurs transform hobbies into thriving businesses. According to a 2022 survey by software giant Etsy, 87% of crafters already sell goods as side hustles while 63% aspire to quit 9-5 jobs and craft full-time.
(insert chart showing % stats above)
With the global handmade marketplace projected to hit a value of $1.14 trillion by 2027 [Source: Fortune Business Insights], ample room for expansion still exists. So which creative outlets show the most commercial promise in 2024 and beyond?
This data-driven guide explores 15 of the hottest hobby-turned-hustle opportunities right now:
| Craft | 2022 Sales | 5 Year Annual Growth Rate | Startup Costs | Top Selling Products |
|---|---|---|---|---|
| Jewelry Making | $5.8 billion | 5.3% | $300-$1000 | Necklaces, bracelets, anklets |
| Candle Making | $4.3 billion | 3.7% | $100-$500 | Scented jars, wax melts, gift sets |
| Apparel & Accessory Design | $8 billion | 4.2% | $100-$300 | T-shirts, hats, patches, bags |
| Printable Arts & Stationery | $21 billion | 34% | $50-$300 | Wall art, invitations, calendars |
| Woodworking | $16 billion | 23% | $300-$2000 | Furniture, decor, kitchenware |
| Soapmaking | $5.6 billion | 8.6% | $150-$500 | Bars, bath bombs, shower gels |
| Pottery & Ceramics | $24 billion | 5.7% | $300-$2500 | Tableware, planters, sculptures |
| Paper Arts & Crafts | $29 billion | 3.2% | $50-$500 | Cards, origami, scrapbooks |
| Upcycling | $710 million | 9.5% | $0-$100 | Furniture, apparel, decor |
| Baking & Cake Decorating | $8 billion | 5% | $100-$300 | Cakes, cupcakes, cookies |
| Floral Design | $35 billion | 8% | $300-$1000 | Arrangements, bouquets, wreaths |
| Leathercrafting | $92 billion | 11% | $100-$1000 | Wallets, handbags, watch straps |
| Stained Glass Arts | $26 billion | 1.8% | $100-$1000 | Windows, lamps, mosaics |
| Knitting & Crocheting | $7 billion | 4.1% | $50-$300 | Sweaters, baby clothes, socks |
| Natural Bodycare | $58 billion | 5.8% | $100-$500 | Soaps, balms, oils |
Source: Craft Industry Alliance 2022 Reports & Product Sector Analysis
(insert data table above)
As the stats confirm, creativity commodified cuts across almost every lifestyle sector – fueling robust sales from craft chocolate to crochet bralettes!
Let’s explore these 15 hobby niches set to erupt in 2024 based on commercial opportunity.
1. Jewelry Making
(Expand this section further with more data-driven details around the profitability and future growth trends of the jewelry design business globally and hints on how new crafters can leverage the Handmade Consortium’s annual reports when conducting market research.)
2. Candle Making
(Provide more statistics around year-on-year growth rates within the candle niche and which specific product formats like room sprays and reed diffusers are rising most sharply. Include prototyping and testing advice from champion candle makers.)
3. Apparel & Accessory Design
(Present interviewed comments and advice from both independent apparel designers just starting out along with merch managers from leading music bands who design artist merchandise at scale for global fanbases as profitable side hustles.)
