KUALA LUMPUR: The global wellness and beauty industries are growing at an impressive rate and Malaysian firms are capitalising on this trend by setting up bigger centres to attract customers. According to the Global Wellness Institute (GWI), which released the 2016 Global Wellness Economy Monitor early this year, the worldwide wellness industry grew 10.6 per cent to US$3.72 trillion (RM15.2 trillion) from 2013-2015, making it one of the world’s fastest-growing and most resilient markets. Statista.com stated on its website that between 2016 and 2021, the Asia Pacific mass beauty market alone was projected to grow by US$14.9 billion in sales. Wellness and beauty (which includes cosmetics) in Malaysia are already billion-ringgit industries. The company is looking at product line expansion to include wellness and nutrition products, and growth in the Asian region.

Source: New Strait Times December 28, 2017 07:41 UTC