The beauty industry is expected to hit an incredible market value of $716 billion by 2025. With the possibilities seeming endless within the space, here are some top beauty industry business opportunities that are projected to be trending in the new year.
NATURAL LOOKING BROWS
Gone are the days of pomades and eyebrow pencils. 2023 is projected to be the year of the gelled brows according to beauty experts. Instead of filling in eyebrows, the latest style is to have them brushed up with a gel to enhance their natural shape.
This new trend speaks to the importance of eyebrow waxing – providing a great beauty business opportunity for potential entrepreneurs. Without the benefit of covering up and filling in their eyebrows, people could very well be more invested in making sure their brows are properly groomed and shaped to make the brushed-up look work.
Internet searches for the term “clean beauty” are up 51%. In fact, 68% of consumers are looking for beauty products that are categorized as “clean.” 59% of people are more likely to buy products with the description of “natural and organic.” With this increased interest in clean beauty products, it’s projected that the global natural beauty and cosmetics market will see $18 billion in growth from now until 2027 – according to a report from Statista.
Brands like Uni K Wax have been exclusively using clean products since their first location. A leader of the body waxing industry, Uni K Wax has their proprietary elastic wax blend, made of only natural ingredients. Gluten-free and vegan, Uni K Wax has been pioneers of the clean beauty trend since 1993.
According to Epsilon, 80% of consumers are more inclined to purchase from a brand that provides a more personalized experience. Many brands have embraced technology to address this growing trend through online surveys and even AI. However, at its core, waxing has been one of the most personalized beauty business opportunities for quite some time. While it may not be possible to try the product online, waxing studios are able to provide hyper-personalized experiences for every customer they service.
At Uni K Wax, our franchise locations offer over 160 different head to toe hair removal services to suit the needs of all clients. Plus, with our wax labs, our wax is made fresh for every customer at every appointment – eliminating any chance of double dipping. For us, hyper-personalization means a clean and hygienic experience for every customer.
OPTIONS FOR MEN
Men need self-care, too! Over the last few years, there’s been an increased demand for men’s beauty products. In fact, the men’s beauty market is one of the fastest-growing sectors within the overall beauty industry. In 2019, the men’s skincare market was valued at $11.6 billion. Growing at a compound annual growth rate (CAGR) of 6.2% from now until 2027, it’s projected that the market will grow to $18.92 billion.
What makes Uni K Wax an ideal beauty business opportunity going into 2023, is all of our services are unisex. Our brand was one of the first ever unisex, waxing only studio concepts. As more men continue to adopt a personal grooming and self-care routine, Uni K Wax has been steadfast in providing services that appeal to everyone – men included.
UNI K WAX: AHEAD OF THE CURVE
We got our start in South Beach almost 30 years ago and have grown our franchise to have locations up and down the East Coast and in Texas. We’ve got plenty of room to expand our footprint and are looking for passionate individuals who are ready to take on their next beauty business opportunity. With our unisex services and natural elastic wax blend, we’ve been outpacing the industry for years – making our brand ideal for your next best investment.
Franchise candidates interested in opening their own Uni K Wax franchise should have a net worth of at least $300,000 and $70,000 in liquid capital. Our startup costs per studio range between $349,050 and $575,975.
To learn more about our franchise opportunity, request more information, and one of our representatives will be in touch.