Press release
Mastic Gum Market Performance Review and Future Growth Insights 2024 - 2031 | Meridian Foods, Norevo, Chios Mastiha
Mastic Gum Market
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 global mastic gum market is expected to witness significant growth over the forecast period, owing to increasing demand from personal care industry. Mastic gum finds wide application in manufacturing of personal care products such as moisturizers, lip balms, face masks etc. due to its antioxidant and anti-aging properties. It helps in reducing signs of aging, soothing skin irritations, and protects skin from environmental damage. Additionally, rising awareness about benefits of herbal and natural ingredients in personal care products is also expected to boost the demand for mastic gum. Furthermore, mastic gum contains terpene compounds that exhibit antimicrobial activity. This has led to surge in its adoption in formulations of dental care and oral hygiene products such as toothpaste, which is anticipated to fuel the market growth during the forecast period.
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Growing Demand from Chewing Gum Manufacturers
The mastic gum market has witnessed significant growth in demand from chewing gum manufacturers in recent years. As mastic gum provides resilient texture and improves chewing quality, many chewing gum producers have started incorporating it in their gum formulations. According to recent reports, global chewing gum sales exceeded USD 35 billion in 2022 and are projected to grow further in the coming years. This rising demand from the chewing gum industry is a major driver for the mastic gum market. Moreover, mastic gum enhances freshness and suppresses bad breath when chewed, adding to its appeal as a key ingredient in chewing gums. Several leading chewing gum brands now prominently display the use of mastic gum on their packaging to attract health-conscious consumers.
Opportunities in Pharmaceutical Applications
The therapeutic properties of mastic gum, including its anti-microbial, anti-ulcer, anti-inflammatory and wound healing attributes, present significant opportunities for its increased application in the pharmaceutical industry. Traditionally, mastic gum has been used extensively in herbal medicine across Middle Eastern cultures to treat various digestive disorders. Recent clinical research focusing on its effects on Helicobacter pylori bacteria causing peptic ulcers has validated such ethnobotanical uses. This has spurred interest from major drug formulators to explore more targeted formulations using mastic gum. Other areas showing promise include using it as an excipient in dental gels and solutions owing to its anti-plaque characteristics. With advancements in standardized extraction techniques and production capacities, mastic gum stands to gain wider acceptance in mainstream drug development
Growing Popularity of Natural Ingredients
A major trend positively impacting the mastic gum market is the rising popularity of natural and plant-derived ingredients across various industries. Consumers are increasingly seeking products with simple, recognizable ingredients sourced from nature. Manufacturers are responding to this demand by reformulating products and emphasizing the natural attributes on packaging. The organic and clean label movements are compelling even large corporations to switch to natural alternatives where possible. As mastic gum offers texturizing and functional properties comparable to petrochemical agents, its acceptance as a 'natural' ingredient is growing. Furthermore, ethical sourcing and sustainability are bigger purchasing drivers today. This consumer trend favoring naturalness is expected to reinforce mastic gum's importance as a renewable and biodegradable ingredient in the coming years.
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Top Companies Included in This Report:
β Meridian Foods
β Norevo
β Chios Mastiha
β Latzinos
β Gum Technology
β Nature's Goodness
β Tree Hut
β The Mastic Spa
β Amidon Family Enterprises
β Henry Lamotte Oils
β Naturevibe Botanicals
β Lee Labs
β Hi-Food
β Mastiha Exports
β Venkatesh Naturals
β Shaanxi Sangherb Bio-Tech
β Mazaya Global
β Mediterranea Phytoest.
Market Segmentation:
By Product Type:
β By Type: Chewing Gum, Dental Mastic Gum, Functional Food & Beverages, Nutraceuticals & Dietary Supplements, Personal Care Products, Pharmaceuticals, and Others
By Applications:
β By Application: Food & Beverage Industry, Pharmaceutical Industry, Personal Care Industry, and Others
Key Regions/Countries are Classified as Follows:
Β» North America (U.S., Canada, Mexico)
Β» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Β» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
Β» South America (Brazil, Argentina, Rest of SA)
Β» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
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The report offers insights on the following topics:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Competitor Landscape of the Mastic Gum Market by Players
Chapter 4: Market Size of the Mastic Gum Market by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, Recent Developments, and Investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Analysis of Value Chain and Sales Channels, including notable product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
Ultimately, the Mastic Gum Market report serves as a reliable source for acquiring market research to significantly enhance your business. It furnishes essential insights into regional economic conditions, product pricing, profitability, capacity, production, supply, demand, market growth rate, and forecasts. Additionally, the report includes a SWOT analysis, investment feasibility analysis, and return on investment analysis for new projects within the Mastic Gum industry.
Should the aforementioned report not meet your precise requirements, we offer customized research tailored to comprehensively address your specific business needs. Our customized research will encompass all the pertinent business information necessary to assist you in making strategic and profitable business decisions.
Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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