Surge in demand from emerging markets, rise in prevalence of obesity, and increase in government initiatives to promote yoga drive the growth of the global yoga clothing market.
PORTLAND, Ore., Nov. 16, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Yoga Clothing Market by Product Type (Top wear and Bottom Wear), End User (Men and Women), and Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, E-commerce, and Others): Global Opportunity Analysis and Industry Forecast 2021-2030". According to the report, the global yoga clothing industry generated $33.68 billion in 2020, and is anticipated to generate $70.29 billion by 2030, witnessing a CAGR of 7.8% from 2021 to 2030.
Prime determinants of growth
Surge in demand from emerging markets, rise in prevalence of obesity, and increase in government initiatives to promote yoga drive the growth of the global yoga clothing market. However, increase in the number of yoga accidents hinders the market growth. On the other hand, promotion of yoga for male practitioners presents new opportunities in the coming years.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/14563
Covid-19 Scenario
- The outbreak of the Covid-19 pandemic has positively impacted the global yoga clothing market.
- People became health conscious and started joining online yoga classes during the pandemic, which in turn, boosted the demand for yoga clothes to a great extent.
The bottom wear segment to maintain its leadership status throughout the forecast period
Based on product type, the bottom wear segment held the highest market share in 2020, accounting for more than half of the global yoga clothing market, and is estimated to maintain its leadership status throughout the forecast period. This is due to rise in number of yoga studios and health & fitness clubs across the globe. Moreover, the same segment is projected to manifest the highest CAGR of 8.1% from 2021 to 2030. The report also mention top wear segment.
The women segment to maintain its lead position during the forecast period
Based on end user, the women segment accounted for the largest share in 2020, contributing to more than three-fifths of the global yoga clothing market, and is projected to maintain its lead position during the forecast period. This is due to the increased women participation in yoga. However, the men segment is expected to portray the largest CAGR of 8.3% from 2021 to 2030, owing to the rising prevalence of obesity among the men across the globe.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/14563
North America to maintain its dominance by 2030
Based on region, North America held the highest market share in terms of revenue in 2020, accounting for more than one-third of the global yoga clothing market. This is due to increase in health awareness and fitness concerns among consumers in North America. Moreover, the Asia-Pacific region is expected to witness the fastest CAGR of 8.8% from 2021 to 2030. Rise in popularity of yoga has led to many hybrid forms of yoga such as nude, hot, power, goddess, dog yoga, or even snowga (yoga in snow) adapted to suit requirements of participants. This has significantly boosted the demand for yoga clothing, thereby fueling the growth of the market. Other regions discussed in the report include Europe and LAMEA.
Leading Market Players:-
- Nike
- Puma
- Asics
- Under Armour, Inc.
- Adidas
- Lululemon Athletica
- Manduka
- Prana
- Hugger Mugger
- Aurorae Yoga, LLC
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenueTrial
Get more information: https://www.alliedmarketresearch.com/library-access
Similar Reports:
Golf Clothing Market Opportunity Analysis and Industry Forecast, 2021-2030
Tracksuit Market Opportunity Analysis and Industry Forecast, 2021-2030
Football Sportswear Market Opportunity Analysis and Industry Forecast 2021-2027
Fantasy Sports Market Opportunity Analysis and Industry Forecast, 2021-2027
Sports and Fitness Clothing Market Opportunity Analysis and Industry Forecast, 2021-2028
India Luxury Apparels Market Opportunity Analysis and Industry Forecast, 2018-2025
Driving Clothing Market Opportunity Analysis and Industry Forecast, 2020-2027
Reflective sportswear Market Opportunity Analysis and Industry Forecast, 2020-2027
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
