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The goal of harnessing our biodiversity to bring health and wealth to the people living in the Caribbean Region got a boost recently courtesy of a 2016 IUCN project entitled ‘Advancing the Nagoya Protocol in Countries of the Caribbean Region’ that had five components. This project was commissioned by eight governments (Antigua and Barbuda, Barbados, Grenada, Guyana, Jamaica, Saint Kitts and Nevis, Saint Lucia, Trinidad and Tobago) with GEF funding, had UNEP as its Implementing Agency and the International Union for the Conservation of Nature (IUCN) as the Executing Agency.
The global essential oils market has been estimated to be US$10.6b in 2021 rising to US$16.0b in 2026 [(Markets, 2021)1] as a result of growth in awareness to preventative healthcare, improvements in the standard of living, along with an increase in the demand for aromatherapy products. With the potential availability of relevant plant materials in Tobago, it is appropriate to develop a strategy for the introduction of Plant Extracts Industry in the island.
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