Wednesday, July 3, 2013

Market Study: India Wellness Industry Outlook 2016 - Robust Growth in Alternative Therapy and Nutraceuticals Market

The report titled “India Wellness Industry Outlook 2016 – Robust Growth in Alternative Therapy and Nutraceuticals Market” provides a comprehensive analysis of the various aspects such as market size segmentation of fitness and slimming products and services market, Health Spa, alternate therapy and salon market, cosmetics products market and nutraceuticals market in India. The report also covers the revenue generated by the wellness industry as well the market prospects and future opportunities. 

The wellness industry in India in 2011 grew by 16.9% generally driven by the urban population majorly within the age group of 25-49 years, especially the working professionals. The market in India is much prominent in the tier-1 cities such as Mumbai, Delhi NCR, Bengaluru, Hyderabad, Kolkata and several others. Major fitness and slimming chains and beauty salons and spa centers have been observed to expand to tier-2 cities such as Pune, Dehradun, Nasik and Baroda. The wellness industry in the India in the near future showcases good prospects and is anticipating the inflow of several foreign wellness chains in the form of franchisees with the long term partnerships or alliances with wellness marketing institutions present in India

The fitness and slimming market in India has witnessed a remarkable transformation over the years probably due to the change in the lifestyle of the urban middle class population of the society. The fitness and slimming services market during the period 2006-2011 has grown at a CAGR of 19.7%. The fitness and slimming products market contributed around ~% of the fitness and slimming market in India in the year 2011. The market is expected to witness the inflow of several foreign health club chains in the near future possibly in the urban areas such as Mumbai, Pune, Delhi NCR, Kolkata, Bangalore, Hyderabad and several other potential markets across India which are flooded with affluent working population who lead a stressful work life. In 2011, VLCC operated 160 slimming, beauty & fitness centers in India of which 40 are franchise centers.

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