Indian Beauty and Wellness Industry
The Indian beauty and wellness industry is quite remarkable. It is contributing to economic growth by employing millions of people.
NABH defines wellness as a healthy balance between mind and body for overall well-being. This tradition of taking care of the mind and body is coming forth since ancient times. Ayurveda and Traditional Chinese medicine are one of the oldest systems of wellness.
The beauty and wellness industry in the 21st century broadly consists of salon and beauty academies, fitness and slimming, alternative therapy, rejuvenation and product, and counter sales.
Earlier in Indian tradition, a lot of beautifying and cleansing methods were used such as wheat husk for scrubbing, Ubtan or besan mask for cleansing, milk for moisturizing, mulberries for lip care, etc.
But, today these techniques have been modernized and carried out by beauty salons and academies with various methods.
The changing lifestyle of individuals, increasing disposable incomes, globalization and consumerism has contributed to the growth of the beauty and wellness industry in India.
Early cosmetic things started with ancient Greece, now has been grasping the whole world’s economy. As per the KPMG report, the beauty and wellness industry is worth of 80,370 crores.
It also projects a 20-30% annual growth rate in the industry. Apart from this, the market capture of the sector is- beauty & wellness consists of 48%, slimming & fitness is 48% and rejuvenation is 4%.
Investing in the Beauty And Wellness Industry
In recent years, the beauty and wellness services have come up more in demand due to broad health & beauty benefits associated with it.
The beauty and wellness industry has become an integrated part of an individual’s life. Whether it is a wedding event, family function, daily go-outs, casual function, or de-stressing workout, everyone is somehow associated with this.
By seeing the trend of environmental pollution which damages skin& hair, and stressful lifestyle due to busy routines, a load of beauty and wellness salons has been unraveled.
The services which are commonly demanded in India are haircare, skincare, body care, spa services, and bridal services. Studio99 Salon & Spa is one such part of the Indian beauty and wellness industry, which provides state-of-the-art services.
The role of beauty therapists & massage therapists has increased who drive out treatments to enhance the overall appearance of a person including manicure/pedicure, skincare rituals, massages, proper hairdo, perfect makeup, etc.
In the recent past, the demand for salon & spa academies has increased drastically. The future of the beauty and wellness industry is going to roar.
In every event, individuals look for comfort and top-notch service. Henceforth, investing in salon & spa business is a great deal for new investors to meet the requirements of the people in general and drive out their own success in particular.
Description: As per the KPMG report, the worth of this industry is 80,370 crores. The future of this industry is going to roar. Investing in salon & spa business is a great deal for new investors to meet the requirements of the people in general and drive out their own success in particular.