Mastic Gum Market to See Incredible Growth During 2024 - 2031 | Meridian Foods, Norevo, Chios Mastiha

Market Overview:

The mastic gum market size is expected to reach US$ 587.9 Million by 2030, from US$ 345.3 Million in 2023, at a CAGR of 7.9% during the forecast period.

Market Dynamics:

The Mastic Gum Market is expected to witness significant growth over the forecast period owing to increasing demand from the pharmaceutical industry for development of medicines and supplements. Mastic gum finds wide application in medications due to its antibacterial and anti-inflammatory properties valuable for treatment of various diseases. Furthermore, rising consumer preference for herbal and natural remedies is also prompting manufacturers to develop pharmaceuticals incorporating mastic gum extracts, thereby supporting market growth. Growing cognizance regarding oral health has boosted consumption of chewing gum and dental care products containing mastic gum for its medicinal properties to tackle dental issues like gingivitis and periodontitis, thus fueling market expansion.

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Market Drivers: Increased demand for Mastic Gum in Pharmaceutical Industry

The pharmaceutical industry has been a major consumer of mastic gum globally. Mastic gum contains triterpenic acids that exhibit antibacterial, anti-inflammatory and wound healing properties. It has shown effectiveness against various gastric ailments like indigestion, ulcers and gastroenteritis. With rising instances of gastrointestinal disorders owing to changing lifestyles and food habits, the demand for drugs containing mastic gum as an active ingredient has increased substantially. Many pharmaceutical companies are incorporating mastic gum in products targeted for treating ulcers, diarrhea and other digestive issues. This rising demand from pharmaceutical sector is a major market driver for mastic gum.

Market Opportunity: Utilization in Functional Foods

Functional foods infused or coated with mastic gum offer tremendous market opportunities, given the rising consumer focus on preventive healthcare. Mastic gum can impart several health benefits when added to foods. Studies show it assists digestion and lowered glucose absorption when consumed with meals. Its antimicrobial effects can help preserve and extend functional foods' shelf life as well. Mastic gum has the potential to be incorporated into products like chewing gums, yogurt, breakfast cereals to provide multiple gut health advantages. Developing innovative functional food applications leveraging mastic gum's functional properties presents a lucrative opportunity for both food and mastic gum market players to capitalize on growing demand for preventive health options.

Market Trends: Increasing use of Mastic Gum in Natural Personal Care Products

There is a strong trend of using natural and plant-based ingredients in personal hygiene and care products. Mastic gum is increasingly finding applications in natural deodorants, dental care products and other personal care items due to its anti-microbial properties. It is being utilized as an active ingredient in natural toothpastes, mouthwashes to improve oral health and fresh breath. Deodorants containing mastic gum are marketed as aluminum-free alternatives that inhibit underarm odor effectively. Even natural sunscreens use mastic gum for its ability to form protective film on skin. With more people incorporating natural regimens into their daily self-care routines, mastic gum demand is projected to rise exponentially in the personal care segment in the coming years.

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Top Companies Featured in This Report:

★ Meridian Foods
★ Norevo
★ Chios Mastiha
★ Latzinos
★ Gum Technology
★ Nature's Goodness
★ Tree Hut
★ The Mastic Spa
★ Amidon Family Enterprises
★ Henry Lamotte Oils
★ Naturevibe Botanicals
★ Lee Labs
★ Hi-Food
★ Mastiha Exports
★ Venkatesh Naturals
★ Shaanxi Sangherb Bio-Tech
★ Mazaya Global
★ Mediterranea Phytoest.

Market Segmentation:

By Product Type:

★ By Type: Chewing Gum, Dental Mastic Gum, Functional Food & Beverages, Nutraceuticals & Dietary Supplements, Personal Care Products, Pharmaceuticals, and Others

By Applications:

★ By Application: Food & Beverage Industry, Pharmaceutical Industry, Personal Care Industry, and Others

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

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Report Highlights:

📈 Examination of navigation keyword market share at both country and regional levels

📈 Thorough analysis of the competitive landscape and emerging trends

📈 Detailed review of product advancements, technological developments, drivers, and limitations

📈 Strategic recommendations tailored for key business segments based on market insights

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Author Bio:

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

(LinkedIn: https://www.linkedin.com/in/alice-mutum-3b247b137 )

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