The fitness and beauty industry is a luxury area more people are viewing as a necessity. A majority of Americans believe wellness, including fitness and beauty, are more important than ever, according to the Mindbody 2022 Beauty and Wellness Trends report. The same report found 65 percent of people think beauty and grooming is a part of overall wellness. It’s a great time to get into a thriving industry.
Growing Market
The US Labor Bureau of Labor Statistics projects jobs in the wellness field will grow by almost 8 percent in the next 10 years. Surpassing other markets by leaps and bounds, and a perfect market for fitness franchises. In health and wellness, Mindbody found IV therapy and red-light therapy saw a boost of 50 percent over last year. Massages were up 37 percent. Fitness franchises with these services can boost sales big time. Manicures, pedicures, and eyebrow waxing/threading were up 50 percent in the last year. Botox services were up almost 40 percent, perfect for budding beauty businesses.
Not only have these trends been documented, but the overall attitude of health in the country has increased. More people are wearing fitness watches, counting steps, and trying to be healthier. Even tourism has seen a boost with health-seekers. Natural spas and fun fitness stops bring tourists in. Fitness franchises can be another stop on a traveler’s list of things to do in a new city.
Money to be Made
As more people put health, wellness, and beauty on the top of their list, the industry grows. Globally, the health and wellness market is worth billions. Industry experts expect it to have a more than four percent compound annual growth rate (CAGR) over the next five years and be worth more than 4 BILLION by 2027. There are plenty of slices in that pie for new beauty and fitness franchises.
Fitness franchises trending now:
- Pure Barre
- Orangetheory fitness
- Planet Fitness
- Club Pilates
Beauty franchises trending now:
- MAC Cosmetics
- Blo Blow Dry bar
- 18/8 Fine Men’s Salon
- A. Bikini
Beauty & Fitness Franchise Opportunities
Beauty, wellness, and fitness businesses are hot right now. Post-pandemic, people are taking health, wellness, and beauty more seriously, blurring the lines between all three. These fitness and beauty franchise opportunities are for the savvy and modern buyer. Your franchise fee covers training and ongoing support, a proven business model, and a full team behind you.