The Yoga Mat Global Market Report 2023, provides comprehensive information on the yoga mat market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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According to The Business Research Company’s Yoga Mat Global Market Report for the year 2023, the market’s dimensions have undergone a noteworthy transformation. It is worth noting that the market, which was valued at $11.47 billion in the year 2022, has since expanded to reach a substantial $12.19 billion in 2023. This growth is underpinned by a robust Compound Annual Growth Rate (CAGR) of 6.4%. Nonetheless, it is essential to acknowledge that the world’s economic landscape has encountered an unforeseen obstacle in the form of the Russia-Ukraine conflict.
The repercussions of this geopolitical strife have far-reaching implications, particularly in the context of global economic recuperation from the tumultuous COVID-19 pandemic. The hostilities between these nations have precipitated a series of economic sanctions imposed on multiple countries, triggering a surge in commodity prices and severe disruptions in global supply chains. The ripple effects of these events have, regrettably, given rise to inflationary pressures, affecting both goods and services, and exerting a significant impact on diverse markets worldwide.
In light of these intricate dynamics, it is pertinent to project the future trajectory of the global yoga mat market. With a CAGR of 6.8%, it is anticipated that the market will continue to flourish, ultimately reaching an estimated valuation of $15.89 billion by the year 2027. This projection underscores the industry’s resilience and adaptability in the face of challenges, and it will be interesting to observe how it navigates the complex economic terrain in the coming years.
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The advent of ecologically conscious products stands as a pivotal trend within the domain of yoga mats. Prominent corporations are channeling their resources towards the production of environmentally friendly mats, endeavoring to both allure a broader consumer base and endure the rigors of a highly competitive market landscape. A noteworthy case in point transpired in August 2020, when Organic Apoteke, a United Kingdom-based enterprise, introduced an innovative offering in the form of the eco-travel yoga mat. This remarkable creation boasts a trifecta of benefits: biodegradability, odor resistance, and antimicrobial properties. Furthermore, it features a wet grip surface, designed specifically to enhance stability during yoga practice. This impressive advancement heralds a new era of sustainable yoga mat solutions, catering to both the wellness of the practitioner and the health of our planet.
The yoga mat market is segmented:
1) By Material: Natural Rubber, Polyvinyl Chloride, Polyurethane, Thermoplastic Elastomer, Other Materials
2) By Distribution Channel: E- Commerce, Supermarket and Hypermarket, Specality Store
3) By End User: Yoga & Fitness clubs, Household, Other End-Users
Top Major Players:
Jade Yoga
Manduka LLC
Hugger Mugger Yoga Products
Liforme Ltd
Barefoot Yoga Co
Asia-Pacific was the largest region in the yoga mat market in 2022.
The table of contents in TBRC’s yoga mat market report includes:
1. Executive Summary
2. Yoga Mat Market Characteristics
3. Yoga Mat Market Trends And Strategies
4. Yoga Mat Market – Macro Economic Scenario
5. Yoga Mat Market Size And Growth
……………………………………………………………………….
26. Africa Yoga Mat Market
27. Yoga Mat Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Yoga Mat Market
29. Yoga Mat Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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