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The surge in demand in emerging markets, the rising prevalence of obesity, and the increase in government initiatives to promote yoga have promoted the growth of the global yoga clothing market.
Portland, Oregon, November 16, 2021/PRNewswire/ - Allied Market Research released a report titled "By product type (top and bottom), end user (male and female), and distribution channel The segmented yoga clothing market "(supermarkets/hypermarkets, specialty stores, e-commerce, etc.): global opportunity analysis and industry forecasts from 2021 to 2030". The report shows that the global yoga clothing industry output value is 33.68 billion U.S. dollars in 2020 and is expected to be 2030 It will reach 70.29 billion U.S. dollars, with a compound annual growth rate of 7.8% from 2021 to 2030.
The surge in demand in emerging markets, the rising prevalence of obesity, and the increase in government initiatives to promote yoga have promoted the growth of the global yoga clothing market. However, the increase in the number of yoga accidents hindered the growth of the market. On the other hand, it provides new opportunities for male practitioners to promote yoga in the coming years.
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The download segment maintains its leading position throughout the forecast period
In terms of product types, the apparel market segment has the highest market share at the end of 2020, accounting for more than half of the global yoga clothing market, and it is expected to maintain its leading position throughout the forecast period. This is due to the increase in the number of yoga studios and health and fitness clubs worldwide. In addition, the compound annual growth rate of the same market segment is expected to be the highest from 2021 to 2030, at 8.1%. The report also mentions the top wear segment.
The female market segment maintains its leading position during the forecast period
Based on end users, the female segment will account for the largest share in 2020, accounting for more than three-fifths of the global yoga apparel market, and is expected to maintain its leading position during the forecast period. This is due to more and more women participating in yoga. However, due to the increase in the global male obesity rate, the male segment is expected to have the highest compound annual growth rate from 2021 to 2030, at 8.3%.
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North America will maintain its dominant position in 2030
By region, North America has the highest revenue market share in 2020, accounting for more than one-third of the global yoga clothing market. This is due to the increase in health awareness and health problems among North American consumers. In addition, the Asia-Pacific region is expected to witness the fastest compound annual growth rate of 8.8% from 2021 to 2030. The popularity of yoga has led to many mixed forms of yoga, such as nude yoga, hot yoga, power yoga, goddess yoga, dog yoga, and even snowga (yoga in the snow) to adapt to the requirements of the participants. This has greatly increased the demand for yoga clothing, thereby driving the growth of the market. Other regions discussed in the report include Europe and LAMEA.
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