NEW YORK, Aug. 24, 2021 /PRNewswire/ -- The yoga accessories market is expected to grow by USD 4.99 billion, progressing at a CAGR of almost 6% during the forecast period.
NEW YORK, Aug. 24, 2021 /PRNewswire/ -- The yoga accessories market is expected to grow by USD 4.99 billion, progressing at a CAGR of almost 6% during the forecast period.
The product premiumization in yoga accessories, the growing number of yoga practitioners, wellness initiatives of the government and corporate agencies are some of the major factors propelling the market growth. However, factors such as fluctuating raw material prices, high competition from unorganized players with low product replacement cycles, infrequent purchases, and the surging popularity of outdoor sports will hamper the market growth.
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Yoga Accessories Market: Product Landscape
The yoga accessories market is segmented by product into yoga mats, yoga straps, yoga blocks, and others. The yoga mats segment led the market share in 2020 and is expected to continue generating the highest revenue throughout the forecast period.
Yoga Accessories Market: Distribution Channel Landscape
By distribution channel, the market is segmented into offline and online segments. The offline segment will continue to dominate the market during the forecast period.
Yoga Accessories Market: Geographic Landscape
In terms of geography, North America is going to have a lucrative growth during the forecast period. About 34% of the market's overall growth is expected to originate from North America. The US is a key market for yoga accessories in North America.
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Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Distribution channel
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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