Canada Yoga Market – Industry Trends and Forecast to 2030

Canada Yoga Market Analysis and Size

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. The increasing shift towards online yoga courses can lead to the fact that numerous online yoga platforms have developed amidst this pandemic, which is suitable to access, thus boosting segment growth.

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. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Canada Yoga Market Scope and Segmentation

Market Definition

Yoga originated in ancient India as a group of mental, physical, and spiritual practices or disciplines. Conventionally, yoga is a method of joining the individual self with the divine, universal spirit, or cosmic consciousness. The huge existence of rich yogic culture, traditional knowledge, and many yoga schools in these nations enhance the industry. Yoga is a type of exercise that began in India and is now performed globally. Physical and mental exercises are performed to achieve this goal, known as self-transcendence or enlightenment.   

Canada Yoga Market Dynamics

Drivers

• Increasing Shift Towards Virtual Yoga Classes

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 is easy to access, thus increasing the market growth. Besides, online yoga courses observed a huge 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. The industry is transforming rapidly with a primary focus on high quality, easy-to-understand, and interactive online yoga content, leading to market growth. Thus, this factor increases the growth of the market.  

• Growing Mental Stress and Anxiety

Growing anxiety and stress associated with problems in the workplace, poor work-life balance, depression, and other disorders led to the growing importance of yoga. Several studies in Canada stated that over a quarter of working Canadians report high stress daily, and about two-thirds reported work situations as the primary source of stress. Practicing yoga regularly helps effectively treat a majority of ailments, such as hypertension, insomnia, gastrointestinal afflictions, anxiety, depression, diabetes, psychosis, and sleep disorders. Thus, this factor boosts the growth of the market.

Opportunities

• Increasing Awareness and Concern For Health

Growing modernization and changes in lifestyle can have a major impact on people's health. The growing health concern and awareness of health and wellness programs among people are the primary factors boosting the market for yoga. Subsequently, the demand for instructors and teachers has increased multiple times. Furthermore, factors such as the multiple health benefits of yoga, the promotion of yogic practices, and initiation of awareness days and other supportive government initiatives are considerably contributing to the market's growth. Thus, this factor boosts market growth.

Restraints/Challenges

• High Cost of Yoga Training

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.

This yoga market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the yoga market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Canada Yoga Market Scope

The yoga market is segmented on the basis of service and practitioner type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Service

• Online Yoga Course
• Offline Yoga Course
• Yoga Accreditation Training Programs

Practitioner Type

• Male
• Female

Competitive Landscape and Canada Yoga Market Share Analysis

The yoga market competitive landscape provides details by competitor, service and practitioner type. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Canada presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to yoga market

Key players operating in the 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) 

SKU-66074