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This question is about yoga industry statistics.
Yes, the yoga industry is growing. Globally, the yoga industry is expected to see a CAGR of 9.6% from 2021 to 2017, resulting in an industry value of $66.23 billion by 2027.
During this period of time, the Asia-Pacific market is anticipated to see the largest amount of growth at a CAGR of 10.8%.
In the U.S., the number of yoga and pilates studios has increased at a 4.6% average annual growth rate from 2017 to 2022, which has resulted in a total of 40,582 yoga and pilates studios as of 2022.
The number of Americans practicing yoga has also been on a steady increase as well, growing from 9.5% of adults doing yoga in 2012 to 14.3% in 2017. The number of kids doing yoga has also grown, moving from 3.1% to 8.4% from 2012 to 2017.
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