Riverland Group counts on over 30 years of experience in the sports industry and its management team is also part of Expofitness Colombia, Latin America’s largest health, fitness and wellness tradeshow. www.expofitness.com
This experience has led to the development of a very large network of manufacturers of a variety of products ranging from exercise equipment, fitness technology, accessories and active wear.
With consumer demand for wellness services and products higher than ever, a landmark study released by The Global Wellness Institute reveals that the global wellness market is now worth $3.4 trillion, making it nearly three times larger than the $1 trillion worldwide pharmaceutical industry.
Conducted by the independent, non-profit research firm SRI International, the study confirms wellness as one of the world’s largest and fastest-growing industries. To assess the size of the industry, SRI identified and evaluated ten major wellness sectors: alternative and complementary medicine; beauty and anti-aging; fitness and mind-body; healthy eating, nutrition and weight loss; preventative and personalized health; spa; thermal and mineral springs; wellness real estate; wellness tourism; and workplace wellness. Wellness sectors seeing the most significant growth since 2014 are:
Healthy eating, nutrition and weight loss (108% increase to $276.5 billion)
Preventative and personalized health (78% increase to $243 billion)
Complementary and alternative medicine (65% increase to $113 billion)
Beauty and anti-aging (51% increase to $679 billion)
The spa industry grew 58% from $60 billion in 2007 to $94 billion in 2013, with 47% increase in spa locations from 71,762 to 105,591
Wellness tourism expanded to $494 billion in revenues, rising 12.5% from 2012, significantly outpacing SRI’s original growth forecast of 9%
The first-ever assessment of the thermal and mineral springs sector, which accounts for $50 billion in revenues and spans 26,847 properties worldwide