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Health & Beauty Franchises
We all like to look & feel good, which is why regardless of the economic climate, health & beauty franchises, and the beauty industry generally tends to be very stable.
This trend is set to rise with beauty products representing around 6% of all retail sales in the UK, sectors such as cosmetics. Makeup continues to grow.
Another growth area is the use of vitamins or supplements, including many people that like to use protein powders or other protein supplements to enhance their look & gym performance.
With the industry trend of increased health & beauty, spending likely to continue a business within the sector could be highly lucrative.
Facts and statistics around the beauty industry:
- The UK boasts £28.4 bn beauty product and services industry, a report reveals. The UK's beauty industry contributed a total of £28.4 billion in 2018 to the nation's economy. Resulting in a valuation of the UK's consumption of beauty products and services in 2018 at £27.2 billion.
- The industry itself directly employed 370,200 people. With a further 220,300 jobs being supported through its supply chain and wage-related consumer spending contributions.
- The UK's beauty industry contributed a total of £28.4 billion in 2018 to the nation's economy. Resulting in a valuation of the UK's consumption of beauty products and services in 2018 at £27.2 billion.
- By 2019, this market was worth over 1.74 billion British pounds. On the retail side of the spectrum. Over the past decade, UK retail stores specializing in cosmetics and personal care increased their turnover from selling such products. Going from 2.7 billion in 2008 to over 5.3 billion British pounds in 2018.
We have a great selection of health & beauty franchise opportunities available, browse & find your ideal franchise.