The spending power of people are increasing and this has given the beauty and wellness industry a huge remmuneration. Beauty and Wellness is revolutionizing. And very interestingly the industry remained unchanged even during recession and economic crisis.
Salons are a common name between mankind. Despite of the gender the rush to beauty and wellness is increasing.Men's fashion is in par with women's. The time has gone where only women's looked for parlours.
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It is a recession proof industry, where the high rate of growth in this dynamic industry is being driven by increasing consumer demand for good products and services and a growing middle class. The wellness industry in India is poised to touch Rs. 1,00,000 crore (Rs 1 trillion) by 2015, with a compounded annual growth rate of 15-17%, from about Rs 70,000 crore in 2012 , with a likely shortage of 600,000 skilled personnel by 2016. FICCI-PwC report had forecast that the number of people employed in the Wellness space could potentially almost treble from over 1 million lakh in 2011 to 3 million by 2015.
According to reports, the industry will be a massive job enhancer by 2022.
Now take a look on : L'Oreal's premium Kerastase treatment - in which a "Kerastase Ambassador", a hair specialist, examines the customer's scalp condition with a special camera before recommending appropriate haircare - is becoming popular despite its steep price tag, with more than 200 outlets in the country providing the service. "Our ritual prices range from Rs 1,000 to Rs 3,500, while the anti-hairloss programme can cost between Rs 1,600 and Rs 10,500," says Smira Bakshi, General Manager, Kerastase India.