What is Global Yoga Accessories Market?
The Global Yoga Accessories Market is a vast and dynamic sector that encompasses a wide range of products designed to enhance and support the practice of yoga. These accessories include everything from yoga mats and balls to straps, blocks, and clothing. The market is driven by the growing popularity of yoga worldwide, as more and more people are recognizing its benefits for physical and mental health. The global market for yoga accessories was valued at a significant US$ 19130 million in 2023, reflecting the high demand for these products. As yoga continues to gain traction, the market is expected to grow even further, reaching an estimated value of US$ 27550 million by 2030. This represents a compound annual growth rate (CAGR) of 5.3% during the forecast period from 2024 to 2030.
Yoga Mat, Yoga Ball, Other Accessories in the Global Yoga Accessories Market:
The Global Yoga Accessories Market is segmented into various products such as Yoga Mat, Yoga Ball, and Other Accessories. Yoga mats are perhaps the most essential accessory for any yoga practitioner. They provide a comfortable and safe surface for performing various yoga poses. Yoga balls, on the other hand, are used for improving balance, flexibility, and core strength. Other accessories include yoga straps, blocks, bolsters, and blankets, which are used to aid in the correct performance of yoga poses and to enhance relaxation and comfort. Each of these products has its own unique market within the larger Global Yoga Accessories Market, with varying levels of demand and growth potential.
Offline Distribution Channel, Online Distribution Channel in the Global Yoga Accessories Market:
The Global Yoga Accessories Market caters to two main distribution channels: Offline and Online. The offline distribution channel includes physical stores such as sports outlets, department stores, and specialty yoga stores. These stores offer the advantage of allowing customers to physically inspect and try out products before purchasing. The online distribution channel, on the other hand, includes e-commerce websites and online retailers. This channel offers the convenience of shopping from home, a wider range of products, and often, more competitive prices. Both channels play a crucial role in the distribution and sale of yoga accessories, catering to different customer preferences and shopping habits.
Global Yoga Accessories Market Outlook:
Looking at the market outlook, the Global Yoga Accessories Market was valued at a substantial US$ 19130 million in 2023. This value is expected to see a significant increase, with projections estimating it to reach US$ 27550 million by 2030. This growth trajectory translates to a compound annual growth rate (CAGR) of 5.3% during the forecast period from 2024 to 2030. This steady growth is a testament to the increasing popularity of yoga and the corresponding demand for high-quality yoga accessories. As more people turn to yoga for its physical and mental health benefits, the market for yoga accessories is set to continue its upward trend.
| Report Metric | Details |
| Report Name | Yoga Accessories Market |
| Accounted market size in 2023 | US$ 19130 million |
| Forecasted market size in 2030 | US$ 27550 million |
| CAGR | 5.3% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Barefoot Yoga Co., JadeYoga, Lululemon Athletica, Manduka, Sequential Brands Group, inc |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
