FairWild Foundation’s Post

🌿What are Asia's wild ingredients to watch in global aromatherapy markets?🌷 The aromatherapy industry is booming! 📈 Valued at $8.6 billion in 2023, it's projected to grow at an impressive 8.7% annually until 2030. Asia is at the forefront, both as a key market and supplier of trending wild ingredients. What's driving this growth? - Increased recognition of therapeutic applications - Rising demand for natural -particularly wild-ingredients 🌱 Wild harvested plants play a crucial role in the aromatherapy industry. Ensuring their sustainable and fair sourcing is vital for: - Securing future supply chains - Preserving biodiversity - Supporting rural communities Today at IFEAT - The International Federation of Essential Oils and Aroma Trades, our CEO, Deborah Vorhies, spoke about: 1. Trending wild ingredients: Jatamansi (FairWild-certified through Himalayan Bio Trade), Sandalwood, Frankincense (FairWild-certified through Nature Connect India Pvt.Ltd.), Elemi, and Neroli 2. Critical sourcing challenges 3. Impact on landscape conservation and resilience of local economies This year, FairWild’s participation at IFEAT is kindly supported by the UK Government through the #DarwinInitiative. We’ll be making connections for two of our sustainable trade projects – promoting responsible sourcing of ingredients from Nepal’s Himalayas and sustainable Frankincense from Somalia, Kenya, and Ethiopia – as well as promoting our full range of certified sustainable wild-harvested essential oils and ingredients. Get in touch to learn more! For more information about IFEAT, see https://lnkd.in/dDCWqvWg #ThePowerofWild #FairWild #Aromatherapy #SustainableAromatherapy #WildIngredients #IFEAT2024 #jatamansi #frankincense #elemi #neroli #ifeat

Ric Scalzo

Founder and CEO at Kokora

1w

Really interesting, thanks.

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