Asia-Pacific Yoga Accessories Market Outlook, 2027 Is Anticipated To Grow At A CAGR Of More Than 13% In Value Terms In The Forecast Period.
Asia-Pacific Yoga Accessories Market
According to the report, "Asia-Pacific Yoga Accessories Market Outlook, 2027" published by Bonafide Research, the market was valued at around USD 5360 Billion in 2021, which is anticipated to grow at more than 13% CAGR for 2022–2027. According to the obtained data, the maximum number of yoga physicians and consultants are in the Asia-Pacific region. Impacts such as the local government's activities for funding the yoga business, such as the AYUSH initiative launched by the Indian government in 2018, are driving the region's increased demand for yoga. Also, factors such as the presence of low-cost labor and abundant availability of raw materials, awareness of fitness and preference towards a fit and healthy lifestyle among the youth, and the existence of numerous local manufacturers are liable for propelling the demand in the Asia-Pacific region. This is owing to the rise in the number of yoga studios, the increase in the attractiveness of yoga practices in Asia, and the rise in sales of yoga gear at different studios. However, Asia-Pacific is projected to record the highest CAGR during the estimated period, owing to the rich yogic ethos in countries such as India, reliable knowledge throughout the Indian sub-continent, and the vast number of yoga schools and studios across the region.
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The market is highly competitive, with a considerable number of regional and global players. At the same time, this report includes company profiling for the companies like - Major Companies present in the market: Adidas AG, Barefoot Yoga Company, Gaima, Lululemon Athletica Inc, Manduka, Nike Inc
Aspects Covered In the Report
- Market Size By Value for the historic time period (2016-2021)
- Market Size By Value for the forecast time period (2022-2027)
- Market Share by Product (Mats, Clothing, Straps, Blocks, others)
- Market Share by Sales Channel (Online & Offline)
- Market Share by Region (2016, 2021 & 2027F)
- Market Share by Country (2016, 2021 & 2027F)
Covid-19 Impacts: The COVID-19 has had a direct and indirect impact on nearly all the countries across regions, their economic performance, and the distribution channels of all the industries. However, the health sector and its affiliated market have witnessed a positive impact due to the pandemic. Yoga mat market is a part of fitness and healthcare products markets. The pandemic has not negatively impacted the global yoga mats market. Nowadays people are becoming more creative and introducing yoga in their exercise routines. According to numerous consumer psychologists, people around the region have been purchasing items based on three needs: to protect, entertain, and connect. Furthermore, the Asia-Pacific yoga mats market is projected to witness steady growth, even after the pandemic subsides, majorly due to the increase in awareness regarding the healthy lifestyle among people.
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- What is the market size and forecast of the Asia-Pacific Yoga Accessories Market?
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Our research and analysis help our clients to see how COVID-19 has Impacted the industry. This allows our clients to invest or divest their resources.
- Which region outstands in the Asia-Pacific Yoga Accessories Market?
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- What is the competitive strategic window for opportunities in the Asia-Pacific Yoga Accessories Market?
Through an intensive primary study, we have identified the trends and development that can be expected in the forecasted period, along with the change in the preference of the consumers.
- What are the technology trends and regulatory frameworks in the Asia-Pacific Yoga Accessories Market?
Our research report covers, the laws, rules and regulations and other mandatory legal procedures the marketers needs to abide by.
- What are the major companies in the Asia-Pacific Yoga Accessories Market?
Our market research report covers the detailed profiling of the leading companies in the industry, and also a brief discussion about the smaller emerging brands.
An excellent Asia-Pacific Yoga Accessories Market document has the best market research offerings and the required critical information, whether it is about looking for new product trends or competitive analysis of an existing or emerging market. With this business report, companies can sharpen their competitive edge again and again. The market report has expert insights on global industries, products, company profiles, and market trends.
Countries covered in the report:
Table of Contents Covered In This Asia-Pacific Yoga Accessories Market Outlook, 2027:
Table of Contents
- Executive Summary
- Report Methodology
- Market Structure
3.1. Market Considerate
3.2. Market Definitions
3.3. Covid-19 Impacts
- Economic /Demographic Snapshot
- Global Yoga Accessories Market Outlook
5.1. Market Size by Value
5.2. Market Share
5.2.1. By Region
5.2.2. By Country
5.2.3. By Company
To Be Continue….
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