Health and beauty businesses are recovering rapidly driven by the country's growing senior population and growing concerns regarding the Covid-19 pandemic.
Deputy Commerce Minister Sinit Lertkrai said the growing elderly population has a positive effect on health and beauty services as elderly people tend to take greater care of themselves while the pandemic had resulted in new lifestyle trends such as work-from-home, an uptick in exercise, growing health concerns and greater demand for hygienic food, vitamins and supplements.
According to the Business Development Department's latest report, registrations of new health and beauty businesses rose by 90% from 167 to 353 in the first eight months of this year, representing newly registered capital of 969 million baht, a jump of around 213% from the same period last year.
