The Yoga Accessories market value will post an incremental growth of USD 4.98 billion, progressing at a CAGR of almost 6.15% during the forecast period. The wellness initiatives of the government and corporate agencies will drive the sales of the higher volume of yoga accessories.
Technavio’s report on “Yoga Accessories Market Analysis by Product, Distribution Channel, and Geography - Forecast 2021-2025 “ provides a detailed yoga accessories market analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.
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What are the leading segments in the Yoga Accessories market?
The Yoga Accessories Market is segmented by Product (Yoga mats, Yoga straps, Yoga blocks, and Others), Distribution Channel (Offline and Online), and Geography (North America, Europe, APAC, South America, and MEA).
The growth of the yoga accessories market segment will be significant during the forecast period. Yoga mats are specially fabricated and offer various benefits such as prevention of slippage of feet and hands, help in keeping the body warm, and the energy generated will be retained within the body while performing yoga exercises. Due to the rise in participation in regular fitness activities, the demand for yoga accessories has increased in the North American region with 34% of the market growth.
What are the factors impacting the growth of the Yoga Accessories market?
The increasing awareness of yoga and a subsequent rise in the number of people practicing it in most parts of the world will directly influence the sales of yoga accessories. In addition, the innovation in yoga accessories such as mats in various colors, patterns, and designs will increase the growth of the market. However, factors such as the fluctuating raw material prices will hamper the yoga accessories market growth.
What are the key Companies in the Yoga Accessories market?
Some of the major market participants in the yoga accessories market are Adidas AG, Barefoot Yoga Co., Hugger Mugger Yoga Products LLC Inc., JadeYoga, La Vie Boheme Yoga, Liforme Ltd., lululemon athletica Inc., Manduka LLC, Sequential Brands Group Inc., and Yoga Direct LLC
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