For almost 5,000 years, people have practiced yoga. Yoga comes in numerous forms, each combining a variety of physical, spiritual, and mental practices. Yoga has grown in popularity in Western culture over the last few decades, with new studios sprouting in every major city. According to The Fraser Institute's 10-year survey, yoga has grown in popularity, with 9% of the population using it as a form of exercise and treatment. This information is supported by a Statistics Canada survey, which shows that Canadians' physical activity levels have increased over time.
Data Bridge Market Research analyses a growth rate in the Yoga Market in the forecast period 2023-2030. The expected CAGR of the yoga market tends to be around 7.5% in the mentioned forecast period. The market was valued at USD 634.97 million in 2022 and will grow to USD 1,132.45 million by 2030.
“Growing popularity of virtual yoga classes is bolstering the market growth”
The market has expanded due to increased demand for online yoga classes. The increasing shift towards online yoga classes may result in the development of multiple online yoga platforms that are easy to access, hence enhancing market growth. Furthermore, as yoga studios closed and consumers needed the instruction and experience of trainers to do yogic exercises and meditation techniques, online yoga courses saw a significant increase in demand. The industry is continuously changing, with a key focus on high-quality, easy-to-understand, and interactive online yoga content, which is driving market growth. As a result, this aspect boosts market growth.
What restraints the growth of the Canada Yoga Market?
“High costs of training will restrain the market growth"
Market restraint was caused by the rising expense of yoga training with all of the latest equipment. Yoga specialists demand exorbitant fees that are out of reach for many people in developing economies. In addition, some high-priced machines have recently been produced. All these factors hamper the growth of the market.
Segmentation: Canada Yoga Market
The market is segmented into seven segments based on service and practitioner type.
- On the basis of service, the market is segmented into online yoga course, offline yoga course, and yoga accreditation training programs.
- On the basis of PR actioner type, the market is segmented into male and female.
To know more about the study, visit, https://www.databridgemarketresearch.com/es/reports/canada-yoga-market
The Prominent Key Players Operating in the Canada Yoga Market Include:
- Alo Moves (U.S.)
- FLYOGI LLC.(U.S.)
- Downward Dog Yoga Centre (Canada)
- YYOGA (Canada)
- Halifax Yoga (Canada)
- Life Yoga Studio (Czech Republic)
Above are the key players covered in the report, to know about more and exhaustive list of Canada yoga market companies contact, https://www.databridgemarketresearch.com/es/contact
Research Methodology: Canada Yoga Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
