Introduction:
India is amongst the top 5 global markets for Beauty and Wellness The Indian beauty and personal care industry is estimated to be worth US $28.9 billion as of 2021. The beauty and wellness industry in India is growing at a CAGR of 18.6 %. (Reference: NSDC : Human Resource and Skill Requirements in Beauty and Wellness Sector- KPMG Report)
There is an Increasing level of personal spending on beauty and wellness products.
The social stigma and low dignity associated with providing beauty services is fast vanishing. Also, women have high entrepreneurial aspirations, they are increasingly having the authority to make investment-related decisions and hence are more and more open to pursuing careers in Beauty and Wellness.
Spending on Beauty and Wellness is no longer considered a luxury. Rising income and low rentals in Tier 2 and Tier 3 cities is driving the expansion of Beauty and Wellness services. International Beauty brands have their presence felt in India Loreal, Oriflame, Body Shop and Garnier. , Nykaa an India Beauty and Product brand had a hugely successful IPO in India and growing rapidly too.
Based on the above, it is clear that there is a huge demand for skilled, trained and certified professionals to grow the Beauty and Wellness Industry. The Industry needs to hire skilled professionals to sustain the growth of this Industry.
Beauty and Wellness capability building is the need of the hour. This industry employs many professionals from the economically weaker sections of the society and hence there is a huge opportunity to provide employable skills to this weak section of the society.
Salient features of Vatsalya’s Beauty programmes for under-privileged
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