Yoga Mat Market Forecast and Trends & Outlook, 2020-2027

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Global Yoga Mat Market
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A study recently conducted by the strategic
consulting and market research firm, BlueWeave
Consulting revealed that the global yoga mat
market was worth USD 12.1 Billion in the year
2020. It is estimated to grow at the CAGR of 4.9
, earning revenue of around USD 17.1 Billion by
the end of 2027. Innovations in yoga accessories
and the availability of various product variants
in the market are majorly responsible for the
growth of the global yoga mat market.
Additionally, people are enrolling in yoga and
exercise classes as a result of growing obesity
rates and increased health awareness. Also, many
wellness initiatives being undertaken by
government and corporate agencies have been
providing vendors with significant growth
opportunities. However, factors such as the
unpredictable pricing of raw materials and the
rising admiration of outdoor sports activities
may limit the market growth. Yoga is a modern
practice based on Indian scriptures and practices
that aims to develop harmony in one's body, mind,
and environment. Yoga has long been thought to be
the most effective way to keep the body and mind
healthy.
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Growth Drivers The growing health awareness among
people The key driving factor in the growth of
the yoga mat market is the rising health
awareness among people. People have become more
health-conscious and signing up for yoga programs
to stay healthy. Fitness-conscious people across
the globe prefer going to yoga studios and
fitness clubs to practice yoga. Lifestyle
disorders such as obesity, hypertension, stress,
etc., are some factors encouraging people to
practice yoga, which is assisting the growth
of the yoga mat market.   Favorable government
policies Yoga sessions are supported by a number
of regulatory bodies and governments from around
the world. This has bolstered many sources of
financing and savings for the creation of new and
creative yoga products (such as yoga mats), which
in turn is contributing to the market's
expansion. Sample Copy of the Report
https//www.blueweaveconsulting.com/global-yoga-m
at-market-report/report-sample