Why Start Business in Wellness Industry?
- BY Akshay Arora
Feature Writer, BusinessEx
- Dec 15,2017
- 9 Mins Read
In India, the wellness industry is emerging into a great investment opportunity. The population in age band of 15-45 are becoming more cautious about their well being and fitness. This is the major reason of an increase in demand for wellness business. The industry is not only about being fit but it has various segments embedded in it like beauty, health, ayurveda, yoga, fitness, organic, natural products, vegan, etc. If you are planning to start a business then you should give a thought about this industry. Let’s take a look at some current trends that will show why this industry is a good opportunity.
- According to a joint report by FICCI and EY, the wellness is expected to reach Rs.1.5 trillion by FY2020 and it is expected to grow at CAGR of 12 per cent.
- Fitness segment revenue amounts to $391 million in 2017 and it is projected that it will reach to $759 by 2022 with CAGR of 14.2 per cent, as per Statista report.
- Indian men grooming market is expected to grow double at a CAGR of over 17 per cent by 2020, as per TechSci report.
5 Small Scale Business Opportunities in Wellness Industry:
A massage is a stress relieving activity that people often use in this stressful working environment. It has become a good way to release negativity from the body and bring positivity. A need for this opportunity is felt in the industry as there is a lot of demand for this activity in the economy. It is better that you buy a running massage business to stay on the safer side.
Men Grooming Business
Men are becoming more focused on this looks and fitness in India so the demand for this opportunity is rising in India. As the current trends clearly show that this business is becoming the need of the hour so investing in this will be a potential opportunity. Try to search for the location where there is need of it more as there are some key players already running in the industry.
India is the birthplace of yoga, the demand for this opportunity never fades away in India. This business activity is also shared among international countries and now people use this activity to freshen up their mind. This activity has become a great investment opportunity now with the introduction of Aero Yoga, Hot Yoga, Beer Yoga, Aerial Yoga, etc in the market. So if you are planning to buy a yoga business then it is better that you do proper research before.
Beauty market is also a part of this booming industry. Beauty has itself various opportunities that one can invest in but it is essential that you know in which location the demand exists for beauty products. The cosmetics, organic products are trending in this industry that an entrepreneur can venture in.
It is a trend of fashion in fitness market in which the clothes are manufactured to use for workout activities and athletics activity. The demand for this business opportunity is high because these wear can be used by School kids for sports activities, on casual occasions, workplace, fitness centres etc. you can venture in this opportunity by buying your own manufacturing company or retail store.
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