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Yoga Mat Market size was valued at USD 13.65 billion in 2019 and is poised to grow from USD 14.4 billion in 2023 to USD 23.32 billion by 2031, growing at a CAGR of 5.5% in the forecast period (2024-2031).

The yoga mat market is highly fragmented due to a robust product range and a significant distribution network all over the world. Companies are focusing on product development and innovation in order to expand their customer base. Also, key players in the business are implementing the merger and acquisition strategy to increase their market revenue on a scale. 'Lululemon Athletica Inc.', 'Manduka LLC', 'Jade Yoga', 'Hugger Mugger', 'PrAna', 'Gaiam', 'Nike, Inc.', 'Adidas AG', 'Puma SE', 'Under Armour, Inc.', 'Tomuno', 'Alo Yoga', 'Yoloha Yoga', 'Barefoot Yoga Co.', 'Hugger Mugger', 'Bean Products', 'Liforme Ltd.', 'Yoga Design Lab', 'Kharma Khare', 'Aurorae'

Increasing awareness of the advantages of yoga and spiritual practices: The demand for yoga mats is expected to surge as people become more aware of the health benefits of yoga and other spiritual practices. Rising instances of health issues brought on by stress and worry also encourage people to engage in fitness-related activities, which boosts the consumption of associated goods. The need for yoga mats is also driven by the expansion of health and fitness facilities, fitness studios, and yoga studios around the world.

Increasing use of recyclable and environmentally friendly plastics in the manufacturing of yoga mats: Major companies are concentrating on using materials that have minimal levels of fossil fuel byproducts throughout the manufacturing process as yoga fans spend more money on sturdy, enjoyable, and ecologically responsible goods and services. Furthermore, producers are now using environmentally friendly materials to create yoga mats as a result of rigorous regulations in some regions. In order to better serve the market, many yoga mat manufacturers are refocusing their efforts from PVC materials to thermal plastic elastic (TPE) products and other materials like regular elastic, cotton, and jute, which is expected to affect the yoga mat market positively, over the forecast period.

Based on the region, the North American region currently dominates the yoga mat market with respect to market share, due to the significant consumer expenditure on yoga and fitness-related products in nations like the United States and Canada. The presence of people with greater incomes is a major driver of market expansion in the region. Additionally, the region's growing availability of yoga and fitness facilities contributes to an increase in yoga mat usage.

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Global Yoga Mat Market

Product ID: SQMIG25J2063