Canada Yoga Market

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

Aug 22, 2023

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Snapshot

The numerous health benefits of yoga, such as increased immunity, have led to a rise in the number of people who practice it globally. Rising awareness associated with the benefits of yoga as investments in public and private healthcare industries continues to increase, allowing the yoga market to multiply.

What factor is most Helpful for market growth?

The rising demand for online yoga classes has led to the market's growth. The increasing shift towards online yoga courses can lead to the fact that numerous online yoga platforms have developed in between this pandemic, which are easy to access, thus increasing the market growth. Besides, online yoga courses observed a massive surge in demand as yoga studios were closed, and people required the guidance and expertise of trainers to carry out yogic exercises and meditation techniques.

Main Players dealing with this market?

  • Alo Moves (U.S.)
  • FLYOGI LLC.(U.S.)
  • Downward Dog Yoga Centre (Canada)
  • Halifax Yoga (Canada)
  • YYOGA (Canada)
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What factors most Restrain the market growth?

The increasing cost of yoga training with all the advanced equipment led to market restraint. Yoga professionals cost high charges that become unaffordable for many people in underdeveloped economic states. Also, several machines are well developed in recent times that cost high. All these factors hamper the growth of the market.

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