According to a new report Global Yoga Clothing Market, published by KBV research, The Global Yoga Clothing Market size is expected to reach $59.35 billion by 2027, rising at a market growth of 9.3% CAGR during the forecast period.
The Male market is expected to witness highest CAGR of 9.9% during (2021 - 2027). More and more men are turning towards the yoga due to number of programs and festivals, who are breaking the stereotype that yoga is only practiced by women. The change encouraged more and more brands for introducing men’s wear in yoga providing them with the sustainable clothing with both comfort and elasticity. This saw a great boost for the men clothing’s and in number of yoga practitioners.
The E-commerce market is expected to witness highest CAGR of 9.9% during (2021 - 2027). The consumer preference towards online platforms has been increased due to its many benefits including ease of accessibility, convenience, attractive discounts, membership benefits, and cashback on the purchase. In addition, the ecommerce giants like Amazon, Flipkart, and Ali Express use artificial intelligence technologies for advertising and addressing customer requirements.
The Top Wear market is expected to witness a CAGR of 9.4% during (2021 - 2027). Factor such as rise in yoga practitioners due to the growing number of obese people worldwide is responsible for the growth of this segment. Moreover, some of the growth catalysts for the segment are growing investments in R&D activities to improve characteristics, effectiveness, usability, and comfort of yoga clothing.
The Europe market dominated the Global Yoga Clothing Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $21,087.2 Million by 2027, growing at a CAGR of 8.9 % during the forecast period. The North America market is expected to witness a CAGR of 8.3% during (2021 - 2027). Additionally, The Asia Pacific market is expected to witness a CAGR of 10.6% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/yoga-clothing-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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