Industry Background:
The Beauty and Wellness market is expected to witness high demand in the forecasted period due to an increase in awareness about holistic wellbeing among people in India as well as increasing the spending on beauty and wellness products and services. Beauty and wellness professionals provide services like make-up, hair styling, beauty and health product development, spa services. The sector is thriving on the increasing section of the affluent and middle-class population that has started considering beauty and wellness as a necessity, this leads to increasing demand for Beauty and Wellness. Additionally, The rise in the world’s leading health problems such as obesity, hypertension, and cardiovascular diseases contributes to the demand for wellness-related products and services.This growth is primarily driven by The Increase in Middle-Class Income across the Country
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Personal Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Urban clap (India), AtHomediva (India), eazy salon (India), L'Oréal (France), The Procter & Gamble Company (United States), Oriflame Holding AG (Switzerland), The Estee Lauder Companies Inc. (United States), Lotus Herbals Private Limited (India), O2 Spa Salon Private Limited (India), Shahnaz Ayurveda Private Limited (India), VLCC Personal Care Limited (India), Jawed Habib Hair and Beauty Limited (India), Fitness One Group India Limited (India) and Colorbar Cosmetics Private Limited (India), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 30th January 2020, UrbanClap stated that it is renaming the startup as Urban Company. The new umbrella brand captures the company’s ambition to be a horizontal gig marketplace, with a global footprint and leadership position across service categories like beauty & wellness and home repairs & maintenance, said the home-service firm.
On 19th November 2019, India’s leading home and beauty services marketplace, UrbanClap, announced the launch of men’s grooming and haircut at home for men and kids in nine cities in India.Various players are entering the market, to tap the untapped potential of the cosmetic products market and launching new services across the Indian market. According to the expertise, "Men’s grooming is more than USD 5.5B market in India". This leads to increasing demand for men's grooming across the country. for instance, Urban Clap now provides Men's grooming services and haircuts at home for men and kids in nine cities in India.
Influencing Trend:
The Growing Conscious about their Appearance, Increasing Number Of People who are Constantly Spending Money to Enhance the Way they Look and Emerging Unisex Beauty and Wellness Center across the Country
Market Growth Drivers:
The Increase in Middle-Class Income across the Country, The Rising Number Of Working Women's and Changing Consumer Psyche towards the Beauty and Wellness
Challenges:
Increasing Number of Corporate and Home Gyms and The Advent of International Players Entrenched in India
Restraints:
The Lack of Professionally Trained and Skilled Beauty and Wellness Workers and Predominant Focus of these Services in Urban Areas
Opportunities:
The Rising Demand for Services such as Men's Grooming at Home, Increasing Set of Advanced Technologies associated with Beauty and Wellness, such as Botox, available in India and Attractive Marketing and Promotional Strategies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Beauty and Wellness Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Beauty and Wellness Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Beauty and Wellness players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Beauty and Wellness Study Sheds Light on
The Beauty and Wellness Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Beauty and Wellness industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Beauty and Wellness industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.