Yoga Clothing Market Expected to Reach $ 70.29 Billion Globally by 2030 at 7.8% CAGR: Allied Market Research

PORTLAND, Ore., November 16, 2021 / PRNewswire / – Allied Market Research published a report titled,Yoga Clothing Market By Product Type (Top & Bottom Clothing), End User (Men & Women) and Distribution Channel (Supermarkets / Hypermarkets, Specialty Stores, E-Commerce & Others): Global Opportunity Analysis and Industry Forecast 2021-2030 “. According to the report, the global yoga clothing industry has generated $ 33.68 billion in 2020, and should generate $ 70.29 billion by 2030, with a CAGR of 7.8% from 2021 to 2030.

Main determinants of growth

Increasing demand from emerging markets, increasing prevalence of obesity, and increasing government initiatives to promote yoga are driving the growth of the global yoga clothing market. However, the increase in the number of yoga accidents is hampering the growth of the market. On the other hand, the promotion of yoga for male practitioners presents new opportunities in the years to come.

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Covid-19 scenario

  • The outbreak of the Covid-19 pandemic has had a positive impact on the global yoga clothing market.
  • People became health conscious and started taking online yoga classes during the pandemic, which drastically boosted the demand for yoga clothing.

Bottom wear segment to maintain its leadership status throughout the forecast period

On the basis of product type, the bottom clothing segment held the highest market share in 2020, accounting for more than half of the global yoga clothing market, and is expected to maintain its leading status throughout the year. forecast period. This is due to the increase in the number of yoga studios and health and fitness clubs around the world. Additionally, the same segment is expected to have the highest CAGR of 8.1% from 2021 to 2030. The report also mentions the highest wear segment.

The female segment will maintain its leading position during the forecast period

On the basis of end user, the female segment accounted for the largest share in 2020, contributing more than three fifths of the global yoga clothing market, and is expected to maintain its leading position during the forecast period. This is due to the increased participation of women in yoga. However, the male segment is expected to account for the largest CAGR of 8.3% from 2021 to 2030, due to the increasing prevalence of obesity among men across the world.

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North America maintain its dominance by 2030

Depending on the region, North America held the highest market share in terms of revenue in 2020, accounting for over a third of the global yoga clothing market. This is due to the increase in health awareness and fitness concerns among consumers of North America. In addition, the Asia Pacific The region is expected to experience the fastest CAGR of 8.8% from 2021 to 2030. The rise in popularity of yoga has led to many hybrid forms of yoga such as naked, hot, mighty, goddess, dog or even snowga yoga. (yoga in the snow). tailored to the needs of participants. This has drastically boosted the demand for yoga clothing thus fueling the growth of the market. Other regions discussed in the report include Europe and LAMEA.

Main market players: –

  • Nike
  • Puma
  • Asics
  • Under Armor, Inc.
  • Adidas
  • Lululemon Athletica
  • Manduka
  • Prana
  • Hug Aggressor
  • Aurorae Yoga, LLC

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