What is Beauty and Wellness?
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.
The market study is broken down and major geographies with country level break-up.
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. Research Analyst at AMA estimates that Vendors from Indian will contribute to the maximum growth of Global Beauty and Wellness market throughout the predicted period.
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) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Affinity Beauty Salon Private Limited (India), Gold Fitness Private Limited (India), Home Salon Service (India), Getlook (India) and Housejoy (India).
AdvanceMarketAnalytics has segmented the market of Global Beauty and Wellness market by Type, Application and Region.
On the basis of geography, the market of Beauty and Wellness has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Wellness Care Type, the sub-segment i.e. Beauty Care will boost the Beauty and Wellness market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Services, the sub-segment i.e. Counter sales of beauty products will boost the Beauty and Wellness market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Age of User, the sub-segment i.e. 0-15 will boost the Beauty and Wellness market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service Location, the sub-segment i.e. Spa Centers will boost the Beauty and Wellness market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Male will boost the Beauty and Wellness market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Urbanization, the sub-segment i.e. Rural will boost the Beauty and Wellness market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
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.
- The Growing Conscious about their Appearance
- Increasing Number Of People who are Constantly Spending Money to Enhance the Way they Look
- Emerging Unisex Beauty and Wellness Center across the Country
- The Increase in Middle-Class Income across the Country
- The Rising Number Of Working Women's
- Changing Consumer Psyche towards the Beauty and Wellness
- 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
- Attractive Marketing and Promotional Strategies
- The Lack of Professionally Trained and Skilled Beauty and Wellness Workers
- Predominant Focus of these Services in Urban Areas
- Increasing Number of Corporate and Home Gyms
- The Advent of International Players Entrenched in India
Key Target AudienceBeauty and Wellness Products Providers, Distributors, Suppliers, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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