Beauty and Wellness Market Next Big Thing | Major Giants Shahnaz Ayurveda, VLCC Personal Care, Jawed Habib Hair and Beauty, Gold Fitness

Beauty and Wellness Market in India 2019 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Beauty and Wellness Market. Some of the key players profiled in the study are L'Oréal India Private Limited, Lotus Herbals Private Limited, O2 Spa Salon Private Limited, Shahnaz Ayurveda Private Limited, VLCC Personal Care Limited, Jawed Habib Hair and Beauty Limited, Gold Fitness Private Limited, Fitness One Group India Limited, Fitness First India Private Limited,Colorbar Cosmetics Private Limited,Affinity Beauty Salon Private Limited.

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Key growth drivers of the market:
• The rise in the income of the middle-class has propelled the demand for beauty products and wellness services. In India, the labor force participation rate of female in 2017 was 22.05%, which increased from 21.27% in 2012. With more women joining the workforce in tier 1 cities, their purchasing power has increased. The rise in their disposable incomes has resulted in the escalating demand for beauty products, and salon and spa services.
• In India, people nowadays have become conscious about their appearance and are constantly spending money to enhance the way they look. This has allowed for the significant growth of the beauty and wellness services segment, with consumers paying frequent visits to salons.
Key deterrents to the growth of the market:
• There is a lack of professionally trained and skilled beauty and wellness service providers in the market, which has led to increased manpower costs. As a result, consumers have to pay exorbitant amounts to avail beauty and wellness services. This presents a major challenge for the growth of this market.
• Consumers demand quality beauty and wellness products and services at affordable prices. Though brand awareness is high among Indian consumers, they tend to switch brands if similar quality products are available at lower or similar prices.

Market insights:
With the rise in awareness about holistic wellbeing among people in India, the spending on beauty and wellness products and services has increased. According to the Indian Beauty & Hygiene Association (IBHA), the per capita spending on beauty and personal care products was around INR 450 per annum in 2017, which is expected to increase during the 2019-2024 period. The beauty and wellness market in India was valued at INR 901.07 Bn in 2018, and is forecast to reach INR 2,463.49 Bn by 2024, expanding at a compound annual growth rate (CAGR) of ~18.40% during the 2019-2024 period.
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The segments and sub-section of Beauty and Wellness market are shown below:

The Study is segmented by following Product Type: beauty and wellness services, fitness and slimming services, alternate therapy and rejuvenation services

Major applications/end-users industry are as follows: Men, Women

Some of the key players/Manufacturers involved in the Market are – L'Oréal India Private Limited, Lotus Herbals Private Limited, O2 Spa Salon Private Limited, Shahnaz Ayurveda Private Limited, VLCC Personal Care Limited, Jawed Habib Hair and Beauty Limited, Gold Fitness Private Limited, Fitness One Group India Limited, Fitness First India Private Limited,Colorbar Cosmetics Private Limited,Affinity Beauty Salon Private Limited

If opting for the Global version of Beauty and Wellness Market analysis is provided for major regions as follows:
• North America (USA, Canada and Mexico)
• Europe (Germany, France, the United Kingdom, Netherlands, Russia , Italy and Rest of Europe)
• Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia, rest of countries etc.)
• Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Nigeria and South Africa)

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Key Answers Captured in Study are
Which geography would have better demand for product/services?
What strategies of big players help them acquire share in regional market?
Countries that may see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
How feasible is market for long term investment?
What opportunity the country would offer for existing and new players in the Beauty and Wellness market?
Risk side analysis involved with suppliers in specific geography?
What influencing factors driving the demand of Beauty and Wellness near future?
What is the impact analysis of various factors in the Beauty and Wellness market growth?
What are the recent trends in the regional market and how successful they are?

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There are 15 Chapters to display the Beauty and Wellness market.
Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Beauty and Wellness market, Applications [Men, Women], Market Segment by Types beauty and wellness services, fitness and slimming services, alternate therapy and rejuvenation services;
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Beauty and Wellness Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show Five forces (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation[North America, Europe, Asia-Pacific etc], comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, to identify major decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Beauty and Wellness Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels
Chapter 13 and 14, about vendor landscape (classification and Market Ranking)
Chapter 15, deals with Beauty and Wellness Market sales channel, distributors, Research Findings and Conclusion, appendix and data source.

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia or Oceania [Australia and New Zealand].

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