Global Yoga Apparel Market 2019-2023
About this market
Manufacturers of yoga apparel are continuously introducing types of yoga apparel. They are adopting advanced technology and features to offer better customer satisfaction. Technavio’s analysts have predicted that the global yoga apparel market will register a CAGR of over 6% by 2023.
Growing number of yoga practitioners
The purchase volume of sales volume of yoga apparel is increasing due to growing awareness of yoga and increasing number of people participating in yoga.
Unpredictable raw material prices
The continuous change in the profit margins of market competitors due to volatility in raw material prices acts as a major challenge for the market’s growth.
For the detailed list of factors that will drive and challenge the growth of the global yoga apparel market during 2019-2023, view our report.
The market appears to be fragmented with the presence of many companies. Factors such as the manufacturing of innovative yoga apparel with respect to technology and features and growing number of yoga practitioners, will provide considerable growth opportunities to yoga apparel market manufacturers. Adidas, Hanesbrands, lululemon athletica, Nike, PUMA, Under Armour, and VF Corporation are some of the major companies covered in this report.
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