Yoga and Meditation Market Poised for 14.3% CAGR Surge by 2033 | FMI Reports

The market for yoga and meditation is projected to be valued at US$ 6,063.57 million in 2023. It is estimated that the market will surpass US$ 23,000 million by 2033. The market is also anticipated to expand fast, with a 14.3% CAGR, from 2023 to 2033.

The goal of this study is to impart a deeper understanding of the personal exercise mats market size, revenue share, Y-o-Y growth, market dynamics, competitive landscape, and much more to better understand the current situation throughout the market. The methodical compilation of this assessment makes it useful for both new competitors and established players to develop their long-term plans.

Sales of personal workout mats have surpassed previous levels, in line with the present demand for yoga and several other fitness regimens. Manufacturers who offer value-added items at reduced prices are likely to see development as a result of the growing fitness and wellness culture.

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According to this report, sales of personal exercise mats surpassed 130 thousand units in 2018. By the end of 2019, it is anticipated that sales would register a Y-o-Y growth of 7%.

There has been a standard shift of consumers to improved lifestyle practices which has indeed functioned as a prominent factor supporting sales of personal exercise mats. Furthermore, the report highlights that an increasing count of institutional buyers would reinforce strong demand determinant in the coming years.

However, the market appeal of personal exercise mats has been actively stimulated by the continuously increasing penetration of these mats, which provide a calming sensation and are useful during yoga and meditation. It’s interesting to see that businesses like Blank Yoga have concentrated their efforts on the creation of self-cleaning yoga mats, a product that is anticipated to grow in popularity in the global market for personal workout mats.

North America to Dominate Sales across Personal Exercise Mats Market

Talking about the regional market share, North America has been the leading contributor towards the sales of personal exercise mats.

Furthermore, this report acme that the gains have been remarkable in European market, attributing to the intense surge in institutional sales of personal exercise mats. As per the assessment, the personal exercise mats market would also stay influenced by the growing count of yoga and Pilates practitioners, especially, across non-traditional markets.

With the report coming to an end, readers are offered the convenience to gain vital data regarding the leading players operating in the global personal exercise mats market.

Moreover, a majority of brands contending in the personal exercise mats industry are gaining from the mounting potential of European market, and proliferation of E-commerce to trade yoga mats.

Each of the mentioned manufacturer in this report is analyzed in terms of sales footprint, product portfolio and strategy overview. All such clear-cut data points make this assessment a rich source that bifurcates the global personal exercise mats for better discernment.

Key Players

  • Smiling Mind
  • Inner Explorer Inc.
  • Committee for Children
  • Stop, Breathe & Think PBC
  • Simple Habit Inc.
  • Calm Headspace Inc.
  • Inscape
  • Insight Network Inc.
  • Waking Up, LLC
  • FeelVeryBien S.a.S
  • MEDITOPIA
  • BetterMe
  • Aura Health
  • Sanity & Self
  • TEN PERCENT HAPPIER
  • Inward Inc.
  • Portal Labs Ltd.
  • MOBIO INTERACTIVE
  • Mindfulness Everywhere

Key Segments in the Yoga and Meditation Industry

By Product:

  • Websites
  • Apps
  • Yoga centers
  • Meditation workshops
  • Books
  • Others

By Indication:

  • Physical
  • Mental

By Source:

  • Internet
  • Instructor
  • Gym
  • Meditation centers

By End Use:

  • Home
  • Schools
  • Corporates
  • Meditation Centers
  • Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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