Looking and feeling great is a genuine priority for many in the UK, represented by the £27 billion we spend on products and services provided by thehealth & beauty industry each year. And that figure is projected to increase by another £2 billion by 2024.
The health & beauty sector incorporates a range of services, including:
- Hairdressers
- Nail technicians
- Cosmetic surgery
- Cosmetic, skincare, and toiletry manufacturing and sales
- Fitness and wellbeing businesses
- Organic products
- Dietary supplements
- Home beauty products, such as hair dyes, hair- and skin treatments, etc.
And while we generally associate beauty products with a female demographic, almost 80% of the UK's male population confirm that they frequently purchase branded deodorants and shampoos. In fact, 25% of men in the UK spend - on average - £11-£20 a month on male grooming products.
The most favoured cosmetics brands for men in the UK are Lynx and Head & Shoulders.
Health & beauty franchises also include spa franchises, or fitness brands, offering clients excellent gym, training, and workout classes.
So, if you're looking to change your fortunes by investing in a health & beauty franchise, don't delay. There's never been a better time to benefit from the trust built by the parent companies of our excellent business opportunities.
Franchising
Franchising is widely believed to be one of the safest ways of going into business for yourself. Consider the benefits of taking on a franchise:
- The parent company has established a reputation for excellent services
- You inherit instantly recognisable branding
- Access to a supply chain
- An established customer base
- A tried-and-tested service
that resonates with clients
Most franchise parent companies provide a comprehensive training programme that helps you maintaining their hard-earned reputation, so franchising offers an excellent path to skilling up.
In addition to training, many parent companies provide a range of essential business support services, including HR support. One of the most appealing aspects of investing in a health & beauty franchise is that you gain a professional HR function that helps ensure your new business complies with business-, financial, and employment laws. Basically, the stuff that keeps business owners awake at night!
So, if you're ready to make that essential lifestyle change, Franchise Direct can help you secure access to an exclusive selection of innovative health & beauty franchise brands that provide:
- An established reputation
- Immediately recognisable branding that creates instant curb appeal for your new business
- A supply chain
- Ongoing training and business support
- HR expertise
Facts About Health & Beauty Franchises
According to analytics company Global Data, UK consumers will spend £487 each on health & beauty products in 2022. And over the following half-decade, consumer spending is projected to increase to £560 per head.
This makes the health & beauty sector the fastest growing industrial market in the UK. And while 90% of health & beauty spending is made in-store, online sales are projected to reach £3.1 billion in 2022.
Skincare is the fastest growing subsection of the health & beauty franchise sector, projected to rise by 27.9% over the next five years. Of those skincare products, there's a key focus on face masks, serums, and primers. In fact, the UK skincare market is worth a whopping £2.17 billion each year.
Health & beauty franchises don't just focus on what's on the outside, though - a recent report confirmed that a quarter of 19-64-year-olds have taken dietary supplements within the last three years. And that increases to a third of UK senior citizens. That's millions of people in the UK taking supplements daily or weekly.
Health supplements are purchased by a broad demographic and used to prevent vitamin deficiencies, boost the immune system, build muscle, and maintain overall wellness. The health supplement sector alone brings in over £414 million per year, with 65% of all UK adults having taken some kind of health supplement either occasionally or daily.
Women are the largest demographic for health and nutritional supplements in the UK, with pregnant women a particularly fertile area of growth (excuse the pun!).
So, if you’re looking for a way to develop your career and bring improvements into the lives of those who rely on you for health and fitness guidance and support, a health & beauty franchise could really transform your working life for the better.
Franchising Vs. Independent
Going into business in any industrial sector is a challenge, especially if you're entering the marketplace without the support of an experienced partner. But in a business sector as saturated as health & fitness, starting independently from scratch presents a range of obstacles that genuinely hamper the possibility of long-term success.
With all new businesses, there's a long period of establishment - that is: your customers need to discover you - and that takes time. Franchise businesses benefit from the parent company's branding, giving them instant curb appeal by offering a service their future customers already know and trust.
However, independent businesses have to work incredibly hard just to cut through the noise of their competitors. This is particularly the case at the beginning of their business journey - regardless of the viability and innovation of their business idea. And it's for this reason almost half of all independent businesses go into receivership within the first five years of going into business.
So, the risks are high for independent companies, while those risks are negated to a large extent by investing in a franchise. Your health & fitness franchise parent company have made it through those problematic five years - they've done the groundwork, meaning that you can walk into your new business venture with the ongoing support of a company that:
- Knows its customer base
- Has a road-tested service offering
- Overcome the perils of early years businesses.
So, for a better start, consider the benefits of taking on a health & fitness franchise, and become your own boss today!
Health & Beauty Franchises
Check out Franchise Direct's excellent portfolio of health & beauty franchises, and help the UK get fit, look great, and live longer lives!
Find your brand new start with Franchise Direct.