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Beauty & Fashion
Beauty Industry Profile
The beauty industry includes businesses that provide services to help people look their best. The largest segment of this industry includes hair salons. Other franchises in the beauty industry provide cosmetic, personal care or spa treatments, with many businesses offering a combination of several types of services. These beauty franchises serve a variety of clients in a wide range of price points from no-appointment-needed budget haircuts to all-day multi-service makeovers. Whether you're interested in a franchise that offers haircuts, waxing, manicures, facials, massages or all of these services, there are many lucrative options for franchisees who recognize just how attractive an investment in the beauty franchise industry can be.
Revenue in the Hairdressing and Beauty Services industry has slightly declined over the past five years. However, the industry had been mostly growing until the outbreak of COVID-19. The industry's solid performance over the same period went against broader economic trends, such as a decline in discretionary income and mostly negative consumer sentiment. Demand for industry services can be counter-cyclical, with some consumers considering hair and beauty treatments as an affordable luxury when incomes are growing weakly or declining. In addition, rising image consciousness has supported industry demand over the past five years
Industry operators primarily provide hairdressing or beauty services, such as manicures, pedicures, facials, skin treatments, tanning, make-up application, hair removal and non-medical hair restoration techniques.
Industry Products and Services
Haircutting and styling
Hairdressing and styling services
Barber shop operation
Electrolysis services (i.e. hair removal)
Nail care services
Tanning (solarium) services
Fashion Industry Profile
The popularity of affordable, fashion-forward clothing has supported the Fast Fashion industry's strong growth over the past five years. Industry revenue is expected to rise at an annualised 1.1% over the five years through 2019-20, to $1.8 billion. This includes an anticipated decline of 15.4% in the current year due to negative consumer sentiment, declining disposable incomes and reduced shopping activity as a result of the outbreak of COVID-19.
The influx of international fast fashion retailers into Australia is projected to continue driving industry growth over the next five years. Greater demand from consumers who have been exposed to global brands through social media is anticipated to provide international labels with the confidence to pursue expansion in Australia over the period. Following the lead of Japanese retailing giant Uniqlo, more retailers from Asia are projected to open local stores over the next five years as they reach saturation in other markets. Furthermore, persistent consumer demand for the latest fashion-forward styles and rising disposable incomes are forecast to drive sales in new and existing stores across the industry over the five years through
What is Fast Fashion industry in Australia?
Industry Products and Services
- Men's clothing
- Women's clothing
- Children's and infants' clothing
- Accessories and footwear
- Fast fashion clothing retailing
- Fast fashion accessory retailing
- Fast fashion footwear retailing
- Fast fashion swimwear retailing
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