India-based beauty and Wellness firm Kaya is looking to expand its retail network across the country.
The expansion plan will enlist an investment of INR250m-300m ($4.50m- $5.40m), reported The Indian Express.
The company will set up smaller format stores that will essentially merchandise the Kaya products and offer a few skin care services.
Kaya chief executive officer Ajay Pahwa told the website that the proposed investment will be required for the introduction of new retail format, expansion of the clinics, improving technology and repositioning the brand as total skincare solution.
Pahwa added that the company would open a handful of new store by 2012-13 end that will have a broad range of products and deliver a limited range of services.
Talking about Kaya’s plans to break-even by 2013, Pahwa said, "Break- even will largely depend on how quickly we want to grow our new format".
"The way we look at it is the second format, it is a smaller format, will allow us to further accelerate the participation in the market in not only in metro cities but will provide us the road map to grow in Tier-II and Tier-III cities in future. It will allow us to penetrate the market better."
"This year we will open four to eight stores, which will be a combination of old and new stores."
Kaya is the wholly-owned subsidiary of Marico Industries and operates 82 clinics in 26 cities across India besides 19 clinics in the Middle East and 2 clinics in Bangladesh with a team of over 280 dermatologists.
Hair and care market products are made to protect hair from pollution, hair damage, dryness and nourish the hair and scalp of the skin.
Such products could be made up of natural ingredients or synthetic ingredients, combined with other cleaning, moisturizing or protective substances.
The global hair care market has shown a substantial growth in the recent year.
For instance, according to Asia Personal Care & Cosmetics Market Guide, in 2015, U.S. personal care and cosmetics exports to China amounted to $1 billion and were predicted to become the largest global market for cosmetics in the next two to three years.
There have been tremendous technological advancements in the field of cosmetics in the last decade.
On Dec 2017, Shiseido (Japan) declared that it would launch its β version of skincare system called ‘Optune’ in spring 2018 in Japan.
Hair care market products are made to protect hair from pollution, hair damage, dryness and nourish the hair and scalp of the skin.
The global hair care market has shown a substantial growth in the recent year.
For instance, according to Asia Personal Care & Cosmetics Market Guide, in 2015, U.S. personal care and cosmetics exports to China amounted to $1 billion and were predicted to become the largest global market for cosmetics in the next two to three years.
There have been tremendous technological advancements in the field of cosmetics in the last decade.
On Dec 2017, Shiseido (Japan) declared that it would launch its β version of skincare system called ‘Optune’ in spring 2018 in Japan.
According to algorithm, they choose the best conditions for the skin along with the tones to achieve a moisturized state in each individual.Hair and care market expected to reach USD 112.5 billion by 2025, from USD 81.3 billion in 2017 growing at a CAGR of 3 % during the forecast period of 2018 to 2025.
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Market Forecast Global Peel-Off Face Mask Market size is projected to be valued at USD 2,644.9 Million by 2026 at a CAGR of 5.9% between 2020 and 2026.
The global market has been largely benefiting from the increasing demand for skin-enhancing products across the world.
Growing urbanization, followed by increased per capita disposable income, has created a huge opportunity for the cosmetic industry wherein consumers have increased their spending on skincare products.
Moreover, the growth of the e-commerce sector and the inclination of manufacturers toward this mode of distribution is further expected to boost the growth of the peel-off face mask market during the review period.
The key players in the market have been responsive to shifting consumer preferences and are focused on strategic acquisitions, product launches, and partnerships.
Market USP Increasing Prevalence of Skin Concerns Growth Opportunities in the Market Increasing demand for natural & organic beauty products: The phenomenon of ‘returning to original self’ is becoming a fashion statement with more and more people interested in buying only chemical-free products.
The global hair care market is estimated to value at USD 211.1 Billion by 2025 and is expected to continue growing at a higher rate during the forecast period.
Enlarging opportunities coupled with technological innovation and rising need for professional hair services propel the market growth in the forecast period.
Overall, the hair care market is expected to witness a CAGR of 3.1% during the forecast period.Hair cosmetics can be categorized into two broad categories, namely cosmetic colors and permanent colors.
Cosmetic colors have temporary effect on hair whereas permanent colors such as permanent waxes, bleaches, and relaxers have a permanent effect on hair.
From the medical perspective, hair cosmetics cater to scalp treatments according to diversity of hair types and ethnicity.Download Free Sample Report @ https://www.millioninsights.com/industry-reports/hair-care-market/request-sampleHair conditioners are also used for hair color preservation to enhance its smoothness and strength.
Other conditioner components include fatty alcohols, wax, guar gums, and emulsifiers such as ethoxylated alcohols.
The global hair care market is estimated to value at USD 211.1 Billion by 2025 and is expected to continue growing at a higher rate during the forecast period.
Enlarging opportunities coupled with technological innovation and rising need for professional hair services propel the market growth in the forecast period.
Overall, the hair care market is expected to witness a CAGR of 3.1% during the forecast period.Hair cosmetics can be categorized into two broad categories, namely cosmetic colors and permanent colors.
Cosmetic colors have temporary effect on hair whereas permanent colors such as permanent waxes, bleaches, and relaxers have a permanent effect on hair.
From the medical perspective, hair cosmetics cater to scalp treatments according to diversity of hair types and ethnicity.Hair conditioners are also used for hair color preservation to enhance its smoothness and strength.
Other conditioner components include fatty alcohols, wax, guar gums, and emulsifiers such as ethoxylated alcohols.
