Yoga Apparel Market By Product Type (Top Wear, Bottom Wear, Others); By Demography (Men, Women); By Distribution Channel (Mono Brand Stores, Department Stores, Online Shop, Others); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2022-2032
Yoga Apparel Market Overview
The global yoga apparel market size was valued at around USD 25.2 billion in 2022 and is projected to grow at a compound annual rate of growth (CAGR) of around 6.6% from 2022 to 2032.The market size is projected to succeed in USD 47.9 billion by 2032.
The global yoga apparel market is expected to mask a notable CAGR of 6.6% during the projected period 2022-2032. Rising popularity of yoga in most part of world is a major factor that is likely to foster the growth of global yoga apparel market in future. Growing awareness among population towards fitness and wellness is also a major factor that is likely to fuel the growth of market in future.
Yoga clothing is defined as comfortable, flexible, and constructed of lightweight materials that wick moisture away clothing that is intended exclusively for yoga practitioners. Leggings, tank tops, sports bras, shorts and t-shirts are just a few examples of the clothing items that make up yoga attire and are made to maximise comfort and flexibility during practise. Due to yoga's rising recognition as a form of fitness and a mindfulness practise, the market for yoga clothes has experienced tremendous expansion in recent years.
Yoga Apparel Market Driving Factors
- Raising awareness of the advantages of yoga and physical activity.
- Growing popularity of the athleisure style, which advocates wearing fashionable, comfortable apparel for both exercise and daily life.
- Worldwide growth of the yoga sector, with new studios and fitness centres appearing.
- Rising demand for sustainable and eco-friendly clothing solutions.
- Adoption of yoga as a technique for reducing stress and preserving general health and wellness.
- An increase in the popularity of e-commerce sites and online stores that sell a variety of yoga clothing options.
Yoga Apparel Market Challenges
- Rising rivalry between established and emerging market participants.
- Variations in the cost of raw materials like cotton or spandex, which might have an effect on production costs and profit margins.
- Affordability and sustainability must coexist in product offerings.
- Adapting customer trends and preferences, such as the popularity of athleisure clothes or a demand for environmentally responsible clothing.
- Inaccurate demand forecasting and prediction, which can result in overstocking or understocking of certain products or collections.
- Timelines for production and delivery may be impacted by supply chain interruptions such as delays in shipping or shutdowns of industrial facilities.
Yoga Apparel Market Segmentation
The research offers a comprehensive analysis of yoga apparel market with respect to following sub-markets:
By Product Type
- Top Wear
- Bottom Wear
By Distribution Channel
- Mono Brand Stores
- Department Stores
- Online Shop
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
The report profiles various major market players such as;
- JORIKI YOGA
- ALOYOGA, INC
- Body Angel Activewear
- Onzie, Inc.
- lululemon athletica.
- Other Prominent Players
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis