Archana Jain is the Founder of Well Known Salon names such as Florian spa n salon – Skin, Hair, and Body Lounge. Florian spa n salon was established in 2015 and started by Young Lady Archana Jain. Her Vision, along with her Professional Expert Team, made it possible to open up a Chain of Spa and salons in Mumbai and Chennai. Florian Spa n salon is unisex, having a world-class range of spa n salon Services for males, females, and kids. Know More on www.florianspansalon.com
The beauty and wellness industry in India is booming with tremendous potential for growth. In fact, it is said to be growing twice as fast as the markets of the United States and Europe. India is also the second-largest consumer market in the world. This includes beauty products, beauty salons, and spa businesses. The compounded annual growth rate of the beauty and wellness business in India has been around 18%. Another prominent feature is that herbal beauty care has driven the growth of the beauty business in India. Today awareness of beauty products and treatments is at an all-time high in India. There is greater awareness of the ingredients in products, and customers make choices based on their increased awareness. This is attributed to exposure to global trends, rising disposable incomes, changing lifestyles, an increasing number of women in the workforce, and so on.
The Internet has changed the way we do business. Today, websites are a dynamic system of providing information about your company, products, and services. Websites increase a product’s visibility and the desire to buy it. This is true of beauty products where glamour seems to be just a click away.
With the ‘total wellbeing’ concept gaining ground, spa treatments are becoming more popular. There has been an increased need for spa treatments, with salons being converted into day spas, offering both salon and spa treatments. In fact, service industries like spas and Ayurvedic centers are slated for growth. The West is also looking at India’s herbal traditions. My dream is to see India lead the international beauty industry in the next decade.
On the business front, the industry is likely to get continuously disrupted by new tech start-ups. Investors and incubators are expected to offer support and mentor new ideas. Traditional players are likely to explore the consolidation route for growth and stability, giving rise to new business models and revenue streams. India’s wellness and beauty industry is progressing towards a brighter future. The combined efforts of the government and private sector to develop the industry are expected to help in realizing the maximum potential of the industry. With the rise in awareness about holistic wellbeing among people in India, 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, which is expected to increase during the 2024 period.