India Beauty And Wellness Market Size
India Beauty and Wellness Market is expected to reach US$ 11694.3 billion by 2034, growing at a compound annual growth rate (CAGR) of 18.7% from its 2024 valuation of US$ 2,463.49 billion.
India's beauty and wellness sector is expanding rapidly, and 2018 holds great promise for further expansion. According to reports, it is expanding twice as quickly as the markets in Europe and the US. Additionally, India is the world's second-biggest consumer market. As per a report by KPMG, the beauty and wellness market in India is anticipated to reach a valuation of Rs. 80,370 crores by 2017-2018. This covers the businesses that sell cosmetics, salons, and spas. According to the Spa Association of India, the spa sector is currently worth about Rs. 11,000 crores and is expected to grow quickly. The combined salon and spa industry is thought to make up 31% of the entire size of the beauty and wellness market.