Global Yoga Mat Market Forecast 2024-2033: Estimated Market Size And Growth Rate
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
The yoga mat market size has witnessed strong growth, increasing from $12.4 billion in 2023 to $13.33 billion in 2024, with a compound annual growth rate (CAGR) of 7.5%. This growth in the historical period is attributed to increasing health awareness, the rising popularity of yoga, changing lifestyle trends, the influence of social media, and increased disposable income. Looking ahead, the yoga mat market is anticipated to experience strong growth, reaching a size of $18.23 billion in 2028 with a forecasted CAGR of 8.1%. The growth in the forecast period is attributed to continued health and wellness trends, the expansion of the yoga and fitness industry, innovations in material and design, e-commerce growth, and promotional activities and partnerships. Key trends in this forecast period include the popularity of biodegradable and recyclable mats, customization options for personalized experiences, an emphasis on anti-microbial and hygienic properties, the incorporation of natural and organic components, and alignment with wellness and mindfulness trends.
The burgeoning popularity of yoga is poised to fuel the growth of the yoga mat market in the foreseeable future. Yoga, a widely practiced discipline globally, has witnessed a surge in enthusiasts seeking physical and mental wellness. This surge translates into an increased demand for specialized equipment like yoga mats. For instance, data from Yoga Earth in September 2023 revealed that 61% of yoga practitioners aimed for enhanced flexibility, while 56% pursued yoga for stress alleviation, and over 30% commenced yoga to alleviate symptoms of depression. This growing inclination towards yoga activities directly influences the demand for yoga mats, thus driving the growth of the market. Furthermore, the market size in 2024 mirrors this upward trajectory, reflecting the expanding consumer base and their inclination towards yoga practices.
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What Are The Key Trends That Influence Yoga Mat Market Share Analysis?
The launch of eco-friendly products is a key trend in the yoga mat market. Major companies are focusing on manufacturing eco-friendly mats to attract more customers and survive in the competitive business environment. For instance, in July 2023, First Mats, a UK-based floor matting supplier, has launched a new range of eco-friendly logo mats made from ECONYL, a regenerated nylon yarn. The mats are an evolution of their existing popular logo mats and are made from discarded nylon waste, such as fishing nets, turning waste into a valuable resource. The mats are produced with phthalate-free rubber and incorporate 34% recycled nitrile rubber content.
Which Market Players Are Driving Growth In The Yoga Mat Market?
Major companies operating in the yoga mat market report are Cargill Incorporated, Adidas AG, Ingredion Incorporated, Lululemon Athletica Inc., Microcell Composite Company, Zhejiang Huakang Pharmaceutical Co Ltd., Alo Yoga Inc., prAna Living LLC, Ningbo Mylon Rubber & Plastic Co Ltd., Gaiam Brands LLC, Manduka LLC, Suga International Holdings Limited, Fabrication Enterprises Inc., Khataland LLC, Body-Solid Inc., Liforme Ltd, Hugger Mugger Yoga Products, Yoga Direct LLC, Roquette Frères, Barefoot Yoga Co, Winboss International Co Ltd., Elysian Enterprise Co Ltd., Ecofit Networks Inc., Trimax Sports Inc., JadeYoga LLC, Xiamen Sanfan Sports Products Co Ltd., Accessory Arcade, Hefei Bodyup Sports Co Ltd., La Vie Boheme Yoga LLC, Ecoyoga Ltd., eupromed GmbH
How Is The Global Yoga Mat Market Segmented?
The yoga mat market covered in this report is segmented –
1) By Material: Natural Rubber, Polyvinyl Chloride, Polyurethane, Thermoplastic Elastomer, Other Materials
2) By Distribution Channel: E- Commerce, Supermarket and Hypermarket, Specialty Store
3) By End User: Yoga & Fitness clubs, Household, Other End-Users
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https://www.thebusinessresearchcompany.com/report/yoga-mat-global-market-report
The Yoga Mat Global Market Report 2024 provides an overview of the yoga matmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The yoga mat market forecast analyzes yoga mat market size, yoga mat market share, leading competitor and their market positions.
The Table Of Content For The Yoga Mat Market Include
1. Yoga Mat Market Executive Summary
2. Yoga Mat Market Segments
3. Yoga Mat Market Size And Template Market Growth Rate
4. Key Yoga Mat Market Trends
5. Major Yoga Mat Market Drivers
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25. Key Mergers And Acquisitions In The Yoga Mat Market
26. Top Yoga Mat Companies
27. Yoga Mat Market Opportunities And Strategies
28. Yoga Mat Market, Conclusions And Recommendations
29. Appendix
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