Indian wellness industry likely to hit Rs1.5 trillion by FY2019-20
New Year comes with new business opportunities. The rise in the cost of a growing ageing population, chronic lifestyle, and other factors are allowing wellness franchisors to come up with new offerings, meeting the demand of new age customers.
The Indian wellness industry is becoming one of the major targets by national and international wellness franchisors/entrepreneurs. Here is the list of top 4 wellness business ideas for 2019.
Corporate Wellness Program
Businesses are introducing such programs at their organization for improving the health and health care costs of the employees. With the productivity directly reflecting on a company’s sale, companies are incorporating workplace wellness programs for enhancing their employees’ performance. It reduces absenteeism, boosts employee morale, and benefit the overall growth of a business.
Organic products are increasingly becoming the choice of the day. People are growing aware of the benefits of these products. The increased awareness has contributed to consumers understanding and appreciating the connection between health and natural products. They realize through their or others experiences that using safe organic products can save them a lot of pain and expenses on medical treatments. The organic products market in India has been growing at a CAGR of 25 per cent and it is expected to reach ₹10,000-₹12,000 crore by 2020.
Zumba is a popular dance workout and is gaining huge popularity across the country. The major reason behind the immense popularity of Zumba is because it is a fun way to workout. You can set up a studio that specializes in offering Zumba classes to interested people.
Weight Loss Clinic
With the increase in awareness of the multiple health risks of being overweight or obese etc. people are trying to achieve a healthy weight. Venturing into a diet clinic business can provide you with the opportunity to tap from the lucrative weight loss industry.
Yoga has proven an exceptionally effective method of exercise and spiritual release. Millions of people have embraced Yoga as their favourite workout. You can never go wrong with setting up a good Yoga studio in the right location. You can start training as a yoga teacher but for that, you need to obtain certification as an instructor from a Yoga Alliance affiliated institution or you can always hire professionals for your yoga studio.