Global Yoga Market to Grow at a CAGR of 9% During 2024-2032, Aided by the Rising Number of Yoga Practitioners Around the World and Rising Awareness About Health Benefits Offered by Yoga

The growing awareness regarding the numerous health benefits provided by yoga and a rising number of individuals engaging in the practice globally are supporting the yoga market demand. The practice of yoga proves effective in addressing a wide range of ailments, including but not limited to insomnia, hypertension, gastrointestinal issues, diabetes, anxiety, depression, psychosis, and sleep disorders.

Furthermore, yoga plays a significant role in enhancing the regulation of blood pressure, preventing diseases, stabilising hormonal changes, maintaining blood sugar levels, and promoting the balance of bodily fluids. The expansive health benefits provided by yoga are expected to propel the market growth in the forecast period.

Evolving lifestyles have adversely impacted public health, leading to an increased focus on health and wellness programmes. Consequently, there has been a substantial uptick in the demand for instructors and teachers in recent years. This surge has notably elevated the prominence of yoga accreditation programmes.

These programmes serve as a transformative avenue for practitioners, empowering them to transition into the role of instructors and guides. By obtaining accreditation, individuals gain the expertise to lead and assist others in their yoga practices. This growing interest reflects a rising awareness of the importance of physical and mental well-being, as people seek qualified professionals to guide them on their journey toward a healthier lifestyle.

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Increasing merger and acquisition activities by key players are also aiding the market growth. For instance, in December 2021, Gaia, Inc. (NASDAQ: GAIA), a subscription video-streaming service focused on conscious media for a global conscious community, completed the acquisition of Yoga International, renowned as the authentic voice of yoga in the West. This strategic move enriched Gaia's content library by incorporating an additional 4,000 hours of distinctive yoga content.

Market Breakup by Type, Practitioner Type, Age Group, Yoga Location, and Region:

• The market, on the basis of type, can be segmented into online yoga course, offline yoga course, and yoga accreditation training programs, among others.

• Based on practitioner type, the market can be bifurcated into male and female.

• The market, on the basis of age group, can be divided into below 18, 18-29 years, 30-50 years, and above 50.

• Based on yoga location, the market can be divided into home, gym, yoga studio, and yoga or wellness festival, among others.

• The major regional markets for yoga include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The surge in health consciousness and the heightened awareness of health and wellness initiatives among individuals are key drivers propelling the global yoga market expansion.

• The multitude of health advantages associated with yoga, including enhanced immunity, has driven a global surge in its practice. The market growth is expected to continue in the forecast period due to the rising awareness regarding the diverse health benefits that yoga offers.

• There has been a substantial increase in the demand for instructors and teachers. This surge has, in turn, led to a proliferation of yoga accreditation programs, enabling practitioners to transition into roles as teachers and instructors to effectively guide others in the practice of yoga.

Key Offerings of the Report:

• The EMR report gives an overview of the global yoga market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the types, practitioner types, age groups, yoga locations, and major region of yoga.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT model.

The major players in the global yoga market include Alo, LLC, Flyogi LLC, Gaia, Inc, Glo, Inc., Yoga Today LLC, Peloton Interactive, Inc., Life Time, Inc., OmStars LLC, The Yoga Institute, and Akhanda Yoga Institute, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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