The Latin America, Middle East and Africa Yoga Clothing Market would witness market growth of 10.1% CAGR during the forecast period (2021-2027).
Yoga clothing is very essential for practicing yoga. Performing the exercise without proper clothes can create hurdles in the session and sometimes can even lead to injury. The various asanas in yoga involve stretching, lengthening, and twisting your various body parts. For such poses, proper clothing is very important because these poses require elasticity. Hence, different types of yoga clothing have emerged in the market to facilitate the body while doing yoga.
The increase in the number of yoga studios and health & fitness clubs across the globe and their PR and promotional efforts has drastically increased the number of yoga practitioners. Moreover, Indian Prime Minister Narendra Modi had proposed the idea of International Yoga Day at United Nations General Assembly in 2014. Following this, the United Nations decided to proclaim June 21 as “International Day of Yoga”.
In Africa, Yoga has become widely popular in the last couple of years due to the initiatives like The Africa Yoga Project. This is a non-profit organization which has trained more than 380 people as yoga teachers, empowering them to have a decent earing and come out of poverty. Moreover, countries like South Africa have also accepted the beneficial effects of yoga. To address the different challenges faced by people living in the nation’s information settlements including violence, crime, drug abuse, domestic abuse, massive unemployment rate and HIV/AIDS, many non-profit organizations are encouraging the yoga. Therefore, these factors are anticipated to benefit the regional yoga clothing market during the forecasting period.
The Brazil market dominated the LAMEA Yoga Clothing Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,617.1 Million by 2027. The Argentina market is expected to witness a CAGR of 10.7% during (2021 - 2027). Additionally, The UAE market would exhibit a CAGR of 9.8% during (2021 - 2027).
Based on End User, the market is segmented into Male and Female. Based on Distribution Channel, the market is segmented into Specialty Stores, Supermarkets/ Hypermarkets, E-commerce, and Other Distribution Channels. Based on Product Type, the market is segmented into Bottom Wear and Top Wear. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Yoga Clothing Market is Predict to reach $59.35 billion by 2027, at a CAGR of 9.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Aurorae, LLC, Hugger Mugger Company, Inc., Lululemon Athletica, Inc., Manduka, LLC, Adidas AG, Nike, Inc., PUMA SE, Under Armour, Inc., ASICS Corporation, and Prana (Columbia Sportswear Company).
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