The Indian wellness industry is expected to grow at a compounded annual growth rate (CAGR) of 12 percent for the next five years to achieve a Rs 1,50,000 crore-turnover by 2019-20. According to a report by the Federation of Indian Chambers of Commerce and Industry (FICCI) and EY consulting, titled “Value Added Service – Wellness and Preventive Healthcare”, the Indian wellness market is a huge business opportunity waiting to be harnessed, with significant scope for penetration, especially in areas like nutrition, rejuvenation, beauty, and fitness.
In the ever-changing trends of fashion and lifestyle, the only thing that remains constant is to be updated. Thus, it is always good to keep yourself updated with the Advanced beauty cosmetics and wellness franchise in India.
Therefore the beauty Brands are Crossing Every Hurdle to Be in the Business
The twenty-first century is witnessing a tremendous escalation of beauty and spa franchises in the Indian market. Earlier considered a luxury, now visiting a spa has become more of a routine exercise than an extravagance. Major growth has been witnessed in states like Kerala, Maharashtra, and parts of north India.
TOP 4 REASONS FOR THE GROWTH OF BEAUTY FRANCHISE
With an increasing number of people becoming aware of the advantages of beauty and wellness there is an increase in the number of franchised outlets as well. Moreover, people today patronize branded beauty and spa outlets rather than availing spa treatments from unorganized salons. The franchised beauty salons offer highly specialized professional services and treatments through advanced technology to its customers.
Therefore, the various branded salons and spa centers adopt the franchise route to expand their businesses for a high growth rate. A few remarkable benefits of spa franchises are as follows:
Owning a beauty salon guarantees more success for any entrepreneur. A branded beauty salon with the spa facility earns more profits than any other beauty salon. Moreover, running a spa center fetches the franchisees more profits in terms of the cost of the treatments and massages.
As mentioned, the beauty treatment is just not limited to the affluent but also caters to the middle-class clientele. With the rise in disposable income among the middle class, there has been an increase in the number of franchised salons as well. With many multinational companies setting base in India, the country is seeing an increasing trend of business travelers mixing both businesses with leisure. The franchised spa industry provides a great impetus for relaxation and pleasure.
With the number of estimated profits in the beauty industry set to increase, the Indian Government is encouraging fresh entrepreneurs to take up the franchises of the beauty salons.
The lifestyle of the consumers has transformed with time. People do not mind spending a few extra bucks on beauty treatments. Women today, want to pamper themselves and are constantly on the lookout for experimenting with their looks. The spa industry offers just the right destinations for them.