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Yoga Mat Market Analysis, Industry Size, Share, Key Players And Forecast To 2033
Yoga Mat Market
As per the report, the yoga mat market size has grown strongly in recent years. It will grow from $12.4 billion in 2023 to $13.33 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The yoga mat market size is expected to see strong growth in the next few years. It will grow to $18.23 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%.
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A Deep Dive Into The Global Surge In Demand Fueled By The Growing Popularity Of Yoga
The increasing popularity of yoga is expected to drive the growth of the yoga mat market in the forecast period. The surge in the practice of yoga across the globe is generating higher demand for specialized equipment and accessories such as yoga mats. For instance, in September 2023, according to the Yoga Earth, a US-based studio company, 61% of people who practice yoga desired an increase in flexibility, while 56% sought yoga for stress relief, and over 30% began practicing yoga to ease symptoms of depression. Therefore, the rise in the popularity of yoga is boosting the demand for the yoga mat market.
Embracing Eco-Friendly Trends With Innovative Offerings
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.
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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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
Contents of the report:
1. Executive Summary
2. Yoga Mat Market Report Structure
3. Yoga Mat Market Trends And Strategies
4. Yoga Mat Market - Macro Economic Scenario
5. Yoga Mat Market Size And Growth
…..
27. Yoga Mat Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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