A KPMG Wellness Sector report indicates that India's beauty and wellness market would nearly double to Rs 80,370 crore by 2017/18 from Rs 41,224 crore in 2012/13. Business is so good that it has caught the attention of private equity firms as well. An AC Nielsen report estimates the hair-care market in India at Rs 3,630 crore, with average annual growth of about 20 per cent.Another segment expanding rapidly is bridal makeup.
Earlier, it was usually only the bride who visited the salon prior to the wedding ceremony, but now friends and relatives often join her and salons offer special packages for them.
A bridal package cost ranges from Rs 50,000 to Rs 5 lakh for 10 people, which includes head-to-toe grooming and makeup.
The government's Beauty and Wellness Sector Skill Council runs various training schemes. Naturally, employment opportunities in the sector are booming, too. The KPMG Wellness Report estimates that workforce requirements in the beauty and salon segment will grow from 3.4 million in 2013 to 12.1 million in 2022.