Saloon Industry eyes phenomenal growth
- Beauty & Wellness is a rapidly growing industry in the world, and India is a potential market.
- The Indian Beauty & Wellness market is anticipated to grow at a CAGR of 18.6% till 2024.
- Demand for contemporary salons is on the rise.
- Profitable business with high margins
- Grooming is now a necessity rather than a luxury.
- This is a cash and carry business with a large number of clients being potentially repetitive.