NEW YORK, June 9, 2024 /PRNewswire/ — The global yoga clothing market size is estimated to grow by USD 18.88 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 7.36% during the forecast period. Growing number of yoga practitioners is driving market growth, with a trend towards introduction of new technologies and features in yoga clothing. However, unpredictable raw material prices poses a challenge. Key market players include Adidas AG, ANTA Sports Products Ltd., ASICS Corp., Authentic Brands Group LLC, BasicNet Spa, Berkshire Hathaway Inc., Columbia Sportswear Co., Frasers Group plc, Hanesbrands Inc., Hugger Mugger Yoga Products LLC Inc., La Vie Boheme Yoga, lululemon athletica Inc., Manduka LLC, New Balance Athletics Inc., Nike Inc., PUMA SE, Ralph Lauren Corp., Under Armour Inc., VF Corp., and Yoga Direct LLC.
Technavio has announced its latest market research report titled Global yoga clothing market 2024-2028
Get a detailed analysis on regions, market segments, customer landscape, and companies – View the snapshot of this report
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Forecast period |
2024-2028 |
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Base Year |
2023 |
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Historic Data |
2018 – 2022 |
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Segment Covered |
Product (Bottom wear, Top wear, and |
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Region Covered |
North America, Europe, APAC, South America, |
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Key companies profiled |
Adidas AG, ANTA Sports Products Ltd., ASICS |
Key Market Trends Fueling Growth
The yoga clothing market has seen significant advancements in technology and features over the last decade and a half. Manufacturers focus on consumer preferences, such as wicking, comfort, grip, stickiness, and sustainability, to enhance user experience. Innovations like moisture-wicking fabrics, thermal technology, and compression fabric have emerged, with Nike Inc., Under Armour Inc., and others incorporating these technologies into their products. These developments are expected to positively impact the global yoga clothing market.
The yoga clothing market is currently experiencing several trends. Top wear items like yoga pants and tops are in high demand. Traditional yoga clothing such as robes and mats are also popular. Yogas are also focusing on comfort and functionality with clothing that allows for ease of movement and breathability. Brands are offering a variety of colors and prints to cater to consumer preferences.
Additionally, eco-friendly and sustainable materials are becoming increasingly important in the market. Consumers are looking for yoga clothing that is not only comfortable and stylish but also environmentally conscious. Overall, the yoga clothing market is thriving with a wide range of trends to suit every yogi’s needs.
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Market Challenges
The global yoga clothing market faces challenges due to volatile raw material prices. Key players like adidas AG, Nike Inc, Puma SE, and lululemon Athletica Inc are affected by price fluctuations of synthetic fibers such as Spandex and the scarcity of quality polyester. This volatility impacts their profit margins, making it difficult to anticipate investments and control costs. Cost-conscious consumers prefer affordable options, limiting sales potential and revenue growth for these brands.
The yoga clothing market faces several challenges in the current business landscape. Key areas of concern include increasing competition from various brands, domestic and international. Consumers demand high-quality, comfortable, and affordable clothing. Brands need to focus on innovative designs, sustainable materials, and effective marketing strategies to stand out.
Domestic production costs and logistics are also significant challenges. Brands must optimize their supply chain and consider outsourcing production to reduce costs. Additionally, the trend towards online sales requires a strong digital presence and efficient delivery systems. Brands must adapt to these challenges to thrive in the competitive yoga clothing market.
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Segment Overview
Product
1.1 Bottom wear
1.2 Top wear
1.3 Accessories
End-user
2.1 Men
2.2 Women
Geography
3.1 North America
3.2 Europe
3.3 APAC
3.4 South America
3.5 Middle East and Africa
1.1 Bottom wear- The yoga clothing market features various bottom wear options such as sweatpants, sweat shorts, joggers, slacks, capris, and tights. The fabric choice is crucial, with cotton being popular due to its breathability and sweat absorption. However, cotton-spandex blends are increasingly preferred for their stretchability. Lightweight, quick-dry materials enhance flexibility. Nike Inc. and other competitors innovate with UV-blocking technology and organic sweatpants, catering to health-conscious consumers and driving market growth.
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Research Analysis
The yoga clothing market caters to the needs of fitness enthusiasts, particularly those who practice yoga and other forms of exercise. Brands like Yoga Earth, CorePower, and Beyond Yoga offer a range of yoga clothing designed specifically for enhanced performance and comfort. These include moisture-wicking, compression, and odor reduction features.
Fitness apps and celebrities have contributed to the popularity of yoga clothing, with the Daily Mail reporting increased sales among millennials and Generation X. The market includes gym wear such as jogger pants, yoga pants, sweatshirts, sweatpants, tank tops, t-shirts, and zip-up hoodies. Yoga and Zumba classes in yoga studios have further boosted the demand for cotton fabric clothing and athleisure wear. The health benefits associated with yoga practice and the need for productivity-enhancing clothing have driven the growth of this market.
Market Research Overview
The Yoga Clothing Market encompasses a wide range of apparel designed for practicing yoga and promoting flexibility, comfort, and mindfulness. These garments include leggings, tops, shorts, pants, bras, and mats. The materials used are often breathable and moisture-wicking, such as cotton, spandex, and polyester.
Yoga clothing is popular due to its versatility, allowing individuals to move freely and comfortably during their practice. Additionally, the market offers various styles, colors, and designs to cater to diverse preferences and needs. The industry continues to grow as more people discover the benefits of yoga and seek suitable attire for their practice.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
Product
Bottom Wear
Top Wear
Accessories
End-user
Geography
North America
Europe
APAC
South America
Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio