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In the previous years there has been a high demand for health & beauty services and treatment. Since these days people don’t want to just look okay they want to look their best. So today I will list some facts below to show you the full potential the health & beauty industry have and also now may be the right time to make an investment.
Statistics around the Health & Beauty industry.
We will now list a few statistics around the health & beauty industry collected from previous years. Our goal is to reassure anyone looking to invest in a health & beauty franchise. Because overall the growth annually shows it is an exciting industry to join.
Did you know?
- Every person spends around $113 annually on some sort of personal treatment or product in the beauty industry.
- The forecasted market growth of skincare is $20m worldwide.
- In 2018, skincare was the leading category, accounting for about 39 percent of the global market.
- Hair care products made up a further 21 percent, while make-up accounted for 19 percent in 2018.
- The make-up share of cosmetic market worldwide is an enormous 40%.
- It is clear that there is huge demand in the health and beauty sector. Now is the perfect time to start a health and beauty franchise.
What do these statistics show for the health & beauty industry?
Overall these statistics show the health & beauty industry is a very promising opportunity with a very vast and diverse customer base you want to advertise particularly to the middle aged community of people. Because they have been found to spend the most weekly and annually on beauty products and treatments. So mainly what you can take away from these statistics is that the industry is consistently showing signs of economic growth and is also being predicted very promising forecasts for anyone who is in the beauty or fashion sector.
What are the different types of beauty franchise opportunities?
There are two types that go in to the overall beauty sector. Firstly there is the fashion industry which brings in a huge amount of money yearly for things such as accessories, dresses, suits. products such as these and so on. Secondly you have the beauty industry which is products such as hair products , spa treatments and things around those lines. So you have to choose which one you think would be the best for you and your career. For example if you have history in modelling the beauty products industry may be more appealing to you for a career path.
Find your ideal beauty franchise at Franchiseek International.
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