PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1441409
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1441409
Global Yoga Market is valued at approximately USD 103.86 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.8% during the forecast period 2023-2030. Yoga is a dynamic exercise that meets a variety of expectations. It provides physical, mental, and spiritual benefits through breathing, meditation, and yogic asanas. The Yoga Market is expanding because of factors such as the rising disposable income of the people and growing mental stress among students, working professionals, sports personalities and so on. Yoga includes various asanas and breathwork techniques that help in relieving mental stress and anxiety. The Global Yoga Market started growing at a rapid pace after COVID-19 as the people are focusing more on living a healthy lifestyle.
According to a recent survey conducted by Yoga Alliance in 2022, more than 38.4 million Americans, or almost 10% of the country's total population, regularly engage in the practice of yoga. Furthermore, people can invest greater amounts in their physical and mental well-being due to rising disposable incomes in developed as well as emerging countries. Hence, more money has been spent on yoga courses, workshops, and accessories. In September 2023, Yogi on Travel, an Indian company that offers yoga and meditation lessons, started corporate yoga sessions to enhance the well-being of employees. These initiatives are tailored to the requirements of companies looking to enhance the well-being and vitality of their working staff. In addition to this, with an increasing shift towards online yoga platforms, technology, and innovation also play a huge role in the growth of the Yoga Market. With this, rising concerns towards health and wellness are considered as the primary factor for the growth of the yoga market. However, the High Cost of Yoga Training and the availability of various alternatives hinder the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Yoga Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market due to factors such as a diverse and extensive consumer base and an increase in disposable income of the people. North America is expected to grow significantly over the forecast period, owing to factors such as rising health concerns among the people, increase in mental stress and anxiety, poor work-life balance, sleep, and other disorders.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures are dummy in nature, final lists may vary in the final deliverable
List of tables and figures are dummy in nature, final lists may vary in the final deliverable