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The global yoga market attained a value of USD 41.05 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 9.6% to reach USD 60.42 billion by 2026.
North America accounted for a significant share of the market in terms of revenue, and this share is predicted to grow over the forecast period. This is due to an increase in the popularity of yoga practices, an increase in the number of yoga studios in the United States, and an increase in the sales of yoga equipment through both offline and online channels.
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The Asia Pacific, on the other hand, accounts for a major share of the global yoga industry, with India leading the regional market. Yoga's increased penetration in nations like India and Japan and its steadily growing popularity in other nations, including China, Thailand, and Australia, have been contributing to the market growth in the Asia Pacific region. The existence of a rich yogic culture, traditional knowledge, and a large number of yoga schools in these nations are driving the industry. Yoga is a form of exercise that began in India and is now performed all over the world. The Indian government has also taken a number of steps to promote yoga in the country. For instance, the International Yoga Fest (IYF) is being organised by the Union Ministry of AYUSH every year since 2016. Therefore, the increasing popularity of yoga among the masses is expected to drive the yoga industry in India in the forecast period.
The offline yoga course segment accounted for the majority of the industry share till 2019, however, the online yoga course segment is predicted to expand at the fastest CAGR during the forecast period, owing to the COVID-19 epidemic, which has forced individuals to stay at home and exercise. The growing shift towards online yoga courses can be attributed to the fact that various online yoga platforms have emerged amidst this pandemic, which are convenient to access, thereby bolstering the segment growth. Also, online yoga courses witnessed a surge in demand amid the pandemic as yoga studios were closed and people needed guidance and expertise of trainers to carry out yogic exercises and meditation techniques. Considering highly infectious nature of the virus and no sign of immediate recovery, the global yoga industry is transforming rapidly with much of the focus on high quality, easy to understand, and interactive virtual yoga content, which is contributing to the segment growth. Meanwhile, in Europe, people's desire to workout at home has increased tremendously. People have become more interested in bodyweight exercise, yoga, pilates, and martial arts in order to maintain their physical and mental health, which is expected to create lucrative growth opportunities for the expansion of the online yoga classes segment in the region.
Yoga has become increasingly popular over the past few years. Based on yoga statistics worldwide, yoga has been listed among the 10 most popular fitness activities in the world. The United Nations General Assembly declared June 21 as the International Yoga Day, as yoga is becoming popular among individuals across regions. Furthermore, yoga significantly improves regulation of blood pressure, aids in prevention of diseases, stabilises hormonal changes, maintains blood sugar, and helps in balancing bodily fluids. Practicing yoga aids in effectively treating a majority of ailments such as insomnia, hypertension, gastrointestinal afflictions, diabetes, anxiety, depression, psychosis, and sleep disorders. The demand for yoga exercises increased with the outbreak of COVID-19 as governments of many countries enforced lockdown to curb the spread of the virus, and people needed to stay fit by exercising at home.
By type the industry is segment into:
The EMR report looks into the regional markets for yoga like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Increased modernisation and changes in lifestyle can have a disastrous impact on people's health. The increasing health concern and the growing awareness of health and wellness programmes among people are the major factors propelling the global market for yoga forward. Consequently, the demand for instructors and teachers has escalated multifold. This has further boosted the number of yoga accreditation programmes, helping practitioners to transform into teachers and instructors to guide people while performing yoga. Moreover, factors like the multiple health benefits of yoga, celebrity endorsement and promotion of yogic practices, and initiation of international yoga day and other supportive government initiatives are significantly contributing to the growth of the global yoga industry.
Yoga's numerous health benefits, such as increased immunity, have led to an increase in the number of people who practice it around the world. Due to various health benefits offered by yoga, the market is expected to grow in the coming years. The widespread lockdown owing to the global outbreak of the novel coronavirus has forced humans to stay within their homes. These restrictions have decreased social interactions, which, in turn, has resulted in an increase in mental stress among the population. Practicing yoga helps people to release mental stress, thereby resulting in its increased preference amid the pandemic. Furthermore, the market is expanding as yoga can be practiced in confined spaces. As a result, it had become one of the most preferred exercises during the lockdown, and the trend is expected to stay.
The report presents a detailed analysis of the following key players in the global yoga market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Region|
|Breakup by Type||Online Yoga Course, Offline Yoga Course, Yoga Accreditation Training Programs|
|Breakup by Region||North America, Latin America, Europe, Middle East and Africa, Asia Pacific|
|Market Dynamics||SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||Alo Moves, Inc., FLYOGI LLC, Gaia, Inc, Momo Studio B.V., Glo, Inc., Others|
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Yoga Market Analysis
8.1 Key Industry Highlights
8.2 Global Yoga Historical Market (2016-2020)
8.3 Global Yoga Market Forecast (2021-2026)
8.4 Global Yoga Market by Type
8.4.1 Online Yoga Course
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2016-2020)
126.96.36.199 Forecast Trend (2021-2026)
8.4.2 Offline Yoga Course
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2016-2020)
220.127.116.11 Forecast Trend (2021-2026)
8.4.3 Yoga Accreditation Training Programs
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2016-2020)
126.96.36.199 Forecast Trend (2021-2026)
8.5 Global Yoga Market by Region
8.5.1 Market Share
188.8.131.52 North America
184.108.40.206 Asia Pacific
220.127.116.11 Latin America
18.104.22.168 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
22.214.171.124 United States of America
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
126.96.36.199 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
188.8.131.52 Saudi Arabia
184.108.40.206 United Arab Emirates
220.127.116.11 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Alo Moves, Inc.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
11.2.2 FLYOGI LLC
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
11.2.3 Gaia, Inc
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
11.2.4 Momo Studio B.V.
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
11.2.5 Glo, Inc.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
12 Industry Events and Developments
List of Figures and Tables
1. Global Yoga Market: Key Industry Highlights, 2016 and 2026
2. Global Yoga Historical Market: Breakup by Type (USD Billion), 2016-2020
3. Global Yoga Market Forecast: Breakup by Type (USD Billion), 2021-2026
4. Global Yoga Historical Market: Breakup by Region (USD Billion), 2016-2020
5. Global Yoga Market Forecast: Breakup by Region (USD Billion), 2021-2026
6. North America Yoga Historical Market: Breakup by Country (USD Billion), 2016-2020
7. North America Yoga Market Forecast: Breakup by Country (USD Billion), 2021-2026
8. Europe Yoga Historical Market: Breakup by Country (USD Billion), 2016-2020
9. Europe Yoga Market Forecast: Breakup by Country (USD Billion), 2021-2026
10. Asia Pacific Yoga Historical Market: Breakup by Country (USD Billion), 2016-2020
11. Asia Pacific Yoga Market Forecast: Breakup by Country (USD Billion), 2021-2026
12. Latin America Yoga Historical Market: Breakup by Country (USD Billion), 2016-2020
13. Latin America Yoga Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Middle East and Africa Yoga Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Middle East and Africa Yoga Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Global Yoga Market Structure
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