Research and Markets has announced the addition of the "Global Yoga Apparel Market 2017-2021" report to its offering.The analysts forecast the global yoga apparel market to grow at a CAGR of 3.16 percent during the period 2017-2021.
Global Yoga Apparel Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is technological advances in product features. The manufacturers of yoga apparel are continuously looking to improve the technology and features of the product to achieve higher customer satisfaction. The consumers of yoga apparel analyze the quality of the products on various parameters.
According to the report, one driver in the market is rise in the popularity of yoga. Yoga is one of the ancient forms of workout and meditation that originated in India. In recent years, yoga has gained a significant popularity globally, especially in North America. The popularity of yoga in the United States and Canada is continuously increasing. The region exhibited a significant acceptance of yoga in recent years.
Further, the report states that one challenge in the market is volatility in raw material cost. In the present market scenario, fitness wear manufacturers are experiencing fluctuations in their profit margins. This is due to the fluctuating prices of raw materials and the increasing competition among vendor. An influx of local players has been observed in recent times because the establishment costs are low.