Yoga Clothing Market: Global Market Analysis and Forecast (2022-2029) Trends, Statistics, Dynamics and Segmentation

The Yoga Clothing Market was valued at US$ 22.71 Bn. in 2021. Global Yoga Clothing Market size is expected to grow at a CAGR of 8.3 % through the forecast period.
Yoga Clothing Market Overview:
The population's gradual adoption of a healthier lifestyle has a substantial impact on product demand, particularly among fitness fanatics. The ability of the product to provide stretchability, which is important in executing a variety of yoga asanas, as well as its ability to relieve muscular pain and promote flexibility, favours market growth. The growing popularity of yoga around the world is likely to help drive up product demand. Yoga clothing is made up of breathable, slim-fitting garments made of soft materials such as cotton and designed to be worn while practising yoga. Sweatshirts, sweatpants, tank tops, t-shirts, zip-up shirts, and long-sleeved shirts are among the yoga clothing options.

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Yoga Clothing Market Dynamics:
Market Drivers: The popularity of fitness apps is contributing significantly to the increase in consumption. During the first half of 2021, the fitness app had a 50 % increase. Furthermore, well-known people introducing collections attract more clients, resulting in increased market growth. Health clubs are growing increasingly popular around the world as consumers become more health concerned. A large number of health clubs attend with a healthy and attractive body, encouraging them to participate in fitness routines, which helps to drive product demand. In 2021, there were 210000 health and fitness centers around the world. The acquisition of high growth potential brands by an increasing number of internationally renowned clothing businesses is expected to improve product demand.
Market Restraints: Fitness brands have a strong market presence in several countries throughout the world. The availability and popularity of substitute products offered by famous fitness clothing businesses, such as gym gear and jogging trousers, make product growth difficult. Many yoga practitioners, especially in developing and underdeveloped countries, choose traditional clothes, which reduces the need for supplies.

Opportunities: Obesity prevalence is on the rise, particularly in urban areas. The number of obese persons has increased dramatically. Obesity is related to a number of health problems, including heart disease, diabetes, and hypertension. As a result, the demand for yoga clothes has increased dramatically as the number of people practicing yoga and fitness awareness has increased. Furthermore, the growing number of yoga studios and health & fitness clubs around the world, as well as their marketing activities, has increased the number of yoga practitioners, which is expected to propel the yoga clothing market forward.

Challenges: The yoga apparel market is being challenged by an increase in the frequency of accidents that occur while practicing yoga. 354 people with musculoskeletal pain responded, with 21% claiming yoga made their pain worse and more than 10% believing yoga was the source of their suffering. Between 2017 and 2021, more than 29,590 yoga-related accidents were reported in hospital emergency rooms. Unqualified teachers teaching beginners are to blame for the alarming rise in such incidents. As a result, an increase in the frequency of yoga accidents is expected to limit people's engagement in yoga. This could stifle the yoga gear market's growth.

Covid-19 Impact: As people are compelled to work from home and spend more time indoors due to the COVID-19 pandemic, they are encouraged to prioritize maintaining their health and fitness. Long periods of inactivity encourage the adoption of physical activity during the pandemic, as it reduces back pain, eases arthritis symptoms, and lowers stress levels. Such factors contribute significantly to the increase in consumption rates. In addition, the popularity of professional online yoga lessons, particularly during the COVID-19 lockout, has fueled the market growth.
Yoga Clothing Market Segment Analysis:
Based on Product Type, The bottom wear category dominated the market with 53.7 % in 2021. This is due to an increase in the number of yoga studios and health & fitness clubs around the world, as well as their promotional activities, which have increased the number of yoga practitioners, which is expected to move the market forward. Bottoms are a must-have for a large number of yoga practitioners around the world.

Bottom wear is popular among young people, and this factor is contributing significantly to the segment's growth. The top wear segment is expected to increase at a healthy rate. Tops are more comfortable than other cloths. The increased popularity of top-wear over regular clothing is a major element driving product demand. Gloves, armbands, and wristbands are included in the other portion. Individuals across countries are progressively focusing on improving their exercise performance.



Based on End Users, The female market accounted for 60.9 % of the total market. Yoga participation among women is increasing as women's awareness of body aesthetics grows. Female celebrities including Kim Kardashian, Demi Moore, Madonna, Shilpa Shetty, Kareena Kapoor, and Bipasha Basu practice yoga and have sponsored and promoted it internationally. Many women exercise to improve their menstrual cycle and alleviate menstrual disorders. Brands are progressively producing appealing products to entice female consumers. The growing emphasis among brands on producing yoga clothes for female customers is expected to boost female sector growth in the next years. As significant market participants increasingly introduce menswear lines, the male market is also enjoying strong growth.
Yoga Clothing Market Regional Insights:
The North America region dominated the market with 41.6 % share in 2021. In North American region's thriving economic growth is encouraging consumers to spend on goods. Women in North America are spending more money on consumer goods like fitness gear, which is expected to boost product demand. Increased client preferences for online shopping are driving up consumption in the North American e-commerce market, which is growing at a healthy pace.

The Asia Pacific region is expected to witness significant growth at a CAGR of 8.8% through the forecast period. The growing number of brands that can cater to specific customer needs has a favourable impact on market growth in the Asia Pacific. A large number of people practicing yoga, particularly in India, are expected to have a substantial impact on rising product demand.

The European market is expected to maintain a considerable market share throughout the forecast period. In the coming years, a large number of Europeans participating in physical activities is expected to drive product demand. Physical activity is practiced by 46.6 % of the European population. Due to the low unemployment rate in this region, the youth have strong spending power and are very health conscious, which favors the yoga apparel market.

The objective of the report is to present a comprehensive analysis of the global Yoga Clothing Market to the stakeholders in the market. The past and current status of the market with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the market with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the market to the decision-makers.

The reports also help in understanding the Yoga Clothing Market dynamic, structure by analyzing the market segments and projecting the Yoga Clothing Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Yoga Clothing Market make the report investor’s guide.
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Global Yoga Clothing Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 22.71 Bn.


Forecast Period 2022 to 2029 CAGR:
8.3%
Market Size in 2029:
US $ 42.97 Bn.


 Segments Covered:
by Type
• Bottom Wear
• Top Wear


by Distribution Channel
• Supermarket
• Specialty Stores
• Ecommerce
• Others


by End Users
• Women
• Men



Yoga Clothing Market by Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa
Yoga Clothing Market Key Players
• Adidas AG
• Alo Yoga
• Athleta Inc
• Hanesbrands Inc
• Lululemon Athleta
• Nike Inc
• Puma SE
• Ralph Lauren Corp
• Under Armour
• Outdoor Voices
• Acics Corp
• Aurorae Yoga LLC
• Hugger Mugger
• Manduka
• Prana
• Green Apple Active
• Be Present
• Mika Yoga Wear

Frequently Asked Questions:

1. Which region has the largest share in Global Yoga Clothing Market?
Ans: North America region holds the highest share in 2021.

2. What is the growth rate of Global Yoga Clothing Market?
Ans: The Global Yoga Clothing Market is growing at a CAGR of 8.3% during forecasting period 2022-2029.

3. What is scope of the Global Yoga Clothing market report?
Ans: Global Yoga Clothing Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Yoga Clothing market?
Ans: The important key players in the Global Yoga Clothing Market are – Adidas AG, Alo Yoga, Athleta Inc, Hanesbrands Inc, Lululemon Athleta, Nike Inc, Puma SE, Ralph Lauren Corp, Under Armour, Outdoor Voices, Acics Corp, Aurorae Yoga LLC, Hugger Mugger, Manduka, Prana, Green Apple Active, Be Present and Mika Yoga Wear

5. What is the study period of this market?
Ans: The Global Yoga Clothing Market is studied from 2021 to 2029.