DUBLIN--(BUSINESS WIRE)--The "Yoga Mat Market by Material (Natural Rubber, Polyvinyl Chloride, Polyurethane, Thermoplastic Elastomer, Others), Distributional Channel (E-Commerce, Supermarket & Hypermarket, Specialty Store), End-Use, Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The Global Yoga Mat Market Size is Projected to Grow from USD 8.9 Billion in 2020 to USD 10.4 Billion by 2025, at a CAGR of 3.0%.
Rising popularity of yoga, an increase in the rate of obesity, and an increase in the prevalence of lifestyle diseases across the globe is expected to accelerate the growth of the yoga mat market.
The health club end-use segment is projected to grow at the highest CAGR during the forecast period.
Based on end-use, the health club segment is projected to grow at the highest CAGR during the forecast period. A health club is a place that keeps exercise equipment for the purpose of physical exercises, muscle strengthening, and general physical workouts. In business terms, it is a company providing people access to controlled environmental space, along with services focused on physical fitness and health.
In recent years, the number of health clubs and fitness services has risen globally due to an increase in health-conscious individuals. According to the International Health, Racquet & Sportsclub Association (IHRSA) Global Report, in 2019, the revenues in the fitness industry totaled to USD 94 billion, estimating that the health clubs may reach 230 million members by the end of 2030. The US Bureau of Labor Statistics (BLS) also predicts the number of fitness trainers and instructors will grow by 13% from 2018 to 2028. These developments suggest that the growth of the fitness industry will also lead to a rise in the number of health clubs globally.
The supermarket & hypermarket distribution channel segment is projected to grow at the highest CAGR during the forecast period.
Based on distribution channel, the supermarket & hypermarket segment is projected to grow at the highest CARG during the forecast period. A supermarket is a self-service shop offering a wide variety of food, beverages, and other household products organized into sections. It is larger in terms of size and has a wider range of products than a traditional grocery store. Some supermarkets also sell fitness products such as yoga mats and exercise bands.
The other materials segment is projected to grow at the highest CAGR during the forecast period.
Based on material, the others segment is projected to grow at the highest CARG during the forecast period. Other materials used for producing yoga mats include cotton and jute. These materials are plant fibers and are extracted from natural sources. Consumers are switching to use eco-friendly products in their daily lives. As a result, cotton and jute yoga mats are also being preferred over PVC or PU mats. Cotton and jute yoga mats are breathable, durable, and can be washed easily as compared to other yoga mats.
Middle East is projected to grow the highest CAGR in the yoga mat market during the forecast period.
Middle East is projected to grow at the highest CAGR in the yoga mat market from 2020 to 2025. The increasing popularity of yoga and the rising obesity rate in the region are driving the demand for yoga mats in the Middle East. The Middle Eastern region segment in this study comprises Saudi Arabia and the UAE. According to the journal of obesity, the six Arab Gulf states (Saudi Arabia, the UAE, Bahrain, Kuwait, Oman, and Qatar) are among the countries with very high levels of obesity and overweight individuals. Governments in these countries are employing various strategies and programs to combat this.
In recent years, Saudi Arabia and the UAE have introduced several programs to promote better health, including the Saudi "Quality of Life Program 2020," which aims to encourage community participation in sports and physical activities. Such initiatives are expected to support the growth of yoga practice in the region, which, in turn, is expected to drive the demand for yoga mats in the Middle East.
Market Dynamics
Drivers
- Rise in the Popularity of Yoga
- Increase in the Prevalence of Lifestyle Diseases
- Increase in the Rate of Obesity
Restraints
- Volatility in Raw Material Prices
Opportunities
- Development of Innovative Technological Solutions to Offer High-Quality Yoga Mats
- Use of Eco-Friendly and Biodegradable Materials
Challenges
- Availability of Alternatives to Yoga Mats
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Yoga Mats Market, by Material
8 Yoga Mats Market, by Distribution Channel
9 Yoga Mats Market, by End Use
10 Yoga Mats Market, by Region
11 Competitive Landscape
12 Company Profiles
- Accessory Arcade
- Adidas Ag
- Alo Yoga
- Barefoot Yoga Co
- Columbia Sportswear Company
- Ecoyoga Ltd
- Eupromed S.R.O.
- Fabrication Enterprises, Inc.
- Fitness Mats India
- Hugger Mugger Yoga Products
- Jade Yoga
- La Vie Boheme Yoga
- Liforme Ltd.
- Lululemon Athletica Inc
- Manduka LLC
- Ningbo Mylon Rubber & Plastic Co., Ltd.
- Quanzhou Sansheng Rubber Plastic Foamed Shoes Materials Co., Ltd.
- Sequential Brands Group Inc.
- Shanghai Fitness Sourcing Inc.
- Shenzhen Haifuxing Technology Co., Ltd
- Tego
- Winboss Industrial Co., Ltd
- Xiamen Sanfan Sports Products Co, Ltd.
- Yoga Direct, LLC
For more information about this report visit https://www.researchandmarkets.com/r/xihtiu
