Beauty and wellness industry is booming in India like never before. And this is the right time of starting a venture in this industry. In addition, the market is growing in urban and suburban areas both. The objective of crafting this article is to provide small business opportunities in the beauty industry for the entrepreneurs.
The opportunities include broadly two sectors. These are manufacturing and retail. Furthermore, you can initiate retail business by two ways. Either by introducing your brand or buying a franchise.
In the Indian cosmetic industry, both electronic, as well as print media, are playing an important role in spreading awareness. Media makes aware the mass about the cosmetic products and developing fashion consciousness among the Indian consumers.
According to a report of KPMG Wellness sector, the size of 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. Furthermore, demand for natural, herbal and Ayurvedic products is on the rise due to strong promotional campaigns carried out by top players in the industry. In addition, internet retailers, beauty specialist retailers, and modern grocery retailers are rapidly growing in popularity and recording strong sales growth.
The beauty and personal care market in India have huge growth potential as a large number of products still, have only limited penetration in the country. With increasing awareness about health and well-being, the business of beauty is all set for an exponential growth.
The major driving factors for the growth are increased disposable incomes, more product penetration, an increase of the growth of modern retailers, rising awareness of beauty and personal care products, the rising aspirations of consumers, and last but not least the impact of strong economic growth. As a result, overall beauty and personal care constant value growth over the coming days.
Beauty Business Ideas In Manufacturing Industry
Bindi is a very traditional item for the Indian women. Now the demand is growing for the designer bindi. The gross profit is lucrative for a small unit. In addition, you can start this business from home with a simple machine and equipment. Read More…
#2. Face Wash
The face wash is a specialty type of liquid soap. Not only women, nowadays there is special face wash for men also. The demand for herbal face wash is also rapidly growing. You can start a face wash manufacturing business as the small-scale basis. Read More…
#3. Hair Oil
Hair oil market size in India is around Rs 8000 crore with coconut based oil and non-coconut based perfume approx Rs 4283 crore. Furthermore, you will find different types of hair oil with different fragrance and ingredients. You can start a small-scale hair oil manufacturing business with small capital investment. Read More…
#4. Herbal Soap
Herbal soap is gaining popularity nowadays. There are two different types of herbal soap available in the market. One is for hair and another is for skin. This is also a good opportunity in the beauty industry. Read More…
#5. Kajal & Mascara
Kajal is a tradition item. However, kajal, mascara, and eyeliner are now essential items for daily or occasional makeup. The manufacturing process is simple. In addition, you can start manufacturing as small scale basis. Read More…
Lipstick is an essential beauty product nowadays. In addition, the demand is growing rapidly. However, you will find a wide variety of lipsticks in the market. The range includes moisturizing lipstick, matte lipsticks, cream lipsticks, lipgloss, etc. You can start lipstick manufacturing as small scale basis. Read More…
Beauty Business Opportunities
#7. Nail Polish
This is an another product you can start production as small scale basis. In addition, the demand is also growing. However, there are different types of popular blends. You can start this business with small capital investment. Read More…
Fragrance industry in very lucrative India. There are so many Indian and international brands in the market. You can start perfume manufacturing business with substantial capital investment. However, you will need to pay attention to the R&D segment.
Nowadays, shampoo is used daily basis as a personal care product. The shampoo comes with different specifications for men, women, and kids. Furthermore, the demand for herbal shampoo is also growing. The manufacturing is possible as a small-scale basis. Read More…
#10. Shower Gel
The shower gel or body wash is a popular alternative product of body soap. Generally, it comes with quality ingredients that help to moisturize the skin. In addition, the demand for herbal and organic shower gel is also growing.
#11. Sunscreen Lotion
The sunscreen lotion is a daily use product. Not only women, you will also find men specific sunscreen lotion in the Indian market. In addition, a lot of international brands entering the market to capture the market. You can start a small and medium scale sunscreen lotion manufacturing unit with moderate capital investment.
#12. Talcum Powder
All groups of people use talcum powder in all localities starting from very rural areas to cosmopolitan cities. Talcum powder production is financially a lucrative business. However, you must ensure proper market penetration. Read More…
Beauty Business Ideas In Retail Industry
#13. Beauty Salon
The beauty salon is one of the most booming businesses in the industry. However, it demands substantial capital investment. Because a beauty salon generally comes with a wide range of services. The services include hair cut, hair styling, spa, facial, pedicure manicure, party makeup, bridal makeup and much more. Moreover, it demands a good amount of capital investment. And also gives lucrative profit.
#14. Cosmetic Store
This is a very profitable business. In addition, you can start in cities, suburban and even rural areas. However, according to the local demand, you must store the right product.
#15. Costume Jewellery
Costume jewellery accounts the highest market share in the jewellery industry. Because of the low price every class of the people can buy this item. You can offer your products to the boutique retailers to keep a small stock. However, sell them first in your community. Read More…
#15. Hair Salon & Spa
Hair salon and spa is a specific type of beauty salon that offers only hair care services. In addition, this is a lucrative business as far as revenue is concerned.
#16. Men’s Grooming Lounge
This is a very trending business. The awareness of fashion and looks are growing in the men community. However, we will recommend this business only for metro cities.
#17. Nail Salon
Many people, particularly women, consider manicures and pedicures to be an “affordable luxury.” In addition, you can start a nail salon relatively inexpensively. You can also consider offering doorstep service.
Beauty Business Industry
#18. Skin Clinic
Generally, a skin clinic offers various skin care services with clinical analysis and treatments. The services include pigmentation reduction system, anti-aging treatment, acne clearing treatment, tan removing etc. However, you can offer other value added services like a hair treatment, bridal makeup etc.
#19. Tattoo & Piercing Parlour
Tattoo and piercing parlor is a very niche focusing beauty retail business. In addition, you can offer another value-added service like Mehendi. You can also sell piercing jewellery from your parlor.
#20. Yoga Studio
Yoga Studio business in India is considered as a profitable and lucrative retail venture opportunity in health and wellness industry. Furthermore, this business demands a moderate capital investment to start. Read More…
In conclusion, we must say, you can also start an online cosmetics retailing business. It demands comparatively less capital investment than a bricks and mortar establishment. We have already crafted an article about how to setup an eCommerce shop in India. The eCommerce market in India is booming. And you can consider starting an online beauty retail business with small capital investment.