Mastic Gum Market (By Type: Pure Mastic Gum, Xylitol Mastic Gum, Others; By Application: Pharmaceutical Industry, Food and Beverages Industry) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024-2033

Mastic Gum Market Size and Growth 2024 to 2033

The global mastic gum market size was valued at USD 700.21 million in 2023 and is anticipated to reach around USD 1,008.91 million by 2033, growing at a CAGR of 3.72% from 2024 to 2033. The increasing demand for the mastic gum from the pharmaceutical industry that drives the growth of the market.

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Mastic Gum Market Key Takeaways

• The North America mastic gum market size accounted for USD 238.07 million in 2023 and is expected to attain around USD 348.07 million by 2033, poised to grow at a CAGR of 3.87% between 2024 and 2033.
• North America dominated the market share in 2023.
• Asia Pacific is estimated to grow at the fastest CAGR during the forecast period.
• By type, the pure mastic gum segment dominated the mastic gum market in 2023 and is expected to remain dominant during the forecast period.
• By application, the food and beverages industry segment dominated the market in 2023.
• By application, the pharmaceutical industry segment is estimated to grow at the fastest CAGR during the forecast period.

U.S. Mastic Gum Market Size and Growth 2024 to 2033

The U.S. mastic gum market size was estimated at USD 178.55 million in 2023 and is predicted to be worth around USD 262.80 million by 2033 with a CAGR of 3.94% from 2024 to 2033.

North America led the mastic gum market with the largest market share in 2023. The growth of the market is owing to the rising development in the healthcare and pharmaceutical infrastructure and the advancement and innovation in the pharma product launch that drives the expansion of the market. The rising prevalence of health problems in the population due to the changing lifestyle and higher consumption of junk and alcohol is driving the demand for effective treatment medication that boosts the demand for mastic gum. The increasing presence of the major pharmaceutical companies is accelerating the growth of the mastic gum market in the region.

Asia Pacific is expected to witness the fastest growth during the forecast period. The growth of the market is attributed to the rising population and increase in the geriatric population that drives the demand for the pharmaceutical and healthcare industry. The rising investments in the development of medication and product launches in the pharma industry for the treatment of several illnesses and diseases drive the growth of the mastic gum market in the region.

• For instance, the chewable dosage of gummies is popular with both children and adults for maintaining their nutritional needs. The gummies market is holding up to 2.8% of the overall nutraceutical industry.
• In June 2023, Dr. Reddy’s Laboratories introduced the CeleHealth Kidz Immuno Plus Gummies for the Indian Market. The launch of the product is to fulfill the nutritional requirements of the child in India.

Asia Pacific Mastic Gum Market Size and Growth 2024 to 2033

The Asia Pacific mastic gum market size was calculated at USD 175.05 million in 2023 and is projected to attain around USD 257.27 million by 2033, poised to grow at a CAGR of 3.92% from 2024 to 2033.

Mastic Gum Market Overview

Mastic gum is the naturally found resin from trees grown in the Mediterranean. The wider acceptance of mastic gum by the various end-used industries, such as the food, pharmaceutical, and cosmetics industries, drives the expansion of the market. Mastic gum has a higher level of anti-inflammatory and antibacterial properties that help in the therapeutic process. Mastic gum can be consumed in the form of chewed gum, powder, capsules, and tinctures. In some cases of skin issues, mastic gum is used as the essential oil for the treatment. Thus, the higher demand for mastic gum from the various end-use industries is accelerating the growth of the mastic gum market.

Mastic Gum Market Growth Factors

• The rising demand for mastic gums from various end-use industries, such as food and beverages and the pharmaceutical industry, is driving the market's expansion.
• Mastic gums are consumed by chewing, which is highly beneficial for oral health and improves conditions like dry mouth issues and oral odor, resulting in a higher demand for the mastic gum market.
• The rising population and the growing awareness about mastic gum for overcoming several health conditions that drive the growth of the market.
• Rising spending on healthcare due to the increase in per capita income and changing lifestyles causes severe health conditions, which contribute to the advancement in medication in the pharmaceutical industry and drive the growth of the market.
• The rising prevalence of the food industry due to the rising population and the increasing interest in the food and beverages sector contribute to the expansion of the market.
• The rising research and development activities are associated with mastic gum usage and product launches that drive the growth of the mastic gum market.

Mastic Gum Market Scope

Mastic Gum Market Dynamics

Driver: Wider application of the mastic gum

Mastic gum is widely adopted by various end-use applications or industries that drive mastic gum market growth. Mastic gum is increasingly adopted for enhancing digestive health; gum has anti-inflammatory and antibacterial properties that help in the treatment of digestive health disorders and conditions such as peptic ulcers, dyspepsia, and inflammatory bowel disease. Additionally, mastic gum is used to treat oral health conditions. It is used to treat gum diseases, bad breath, and tooth decay. Since gum has antibacterial properties, it is used to reduce or kill harmful bacteria in the mouth, which can result in improved oral health. Thus, the wider adoption of mastic gum for the treatment of various diseases drives the growth of the market.

Restraint: Lack of awareness

The mastic gum market faces challenges due to the lack of awareness regarding its potential for treating various health conditions. Additionally, the availability of more affordable competing products poses a restraint on its market growth. Many consumers may not be familiar with the benefits of mastic gum in addressing health issues, leading them to opt for other alternatives. This lack of awareness hinders the market's expansion as potential users may not consider mastic gum as a viable option. Furthermore, the presence of lower-cost alternatives makes it difficult for mastic gum to gain traction in the market. Overcoming these obstacles may require efforts to educate consumers about the unique benefits of mastic gum and its advantages over other products, as well as exploring strategies to make it more accessible to a wider audience. 

Opportunity: Adoption by the cosmetic industry 

Mastic gums are gaining popularity in the cosmetics industry due to their beneficial properties. Its anti-inflammatory and antibacterial properties help remove dull and aged skin, fight against skin inflammation, and protect the skin from environmental hazards. Mastic gums are used in the manufacturing of skincare and cosmetics products like masks, cleansers, and creams. Mastic gum helps design natural and organic skincare products. The mastic gums are used in the production of anti-hair fall gummies that help reduce hair fall and rejuvenate hair naturally. Thus, the rising investment in research and development activities in the usage of mastic gum further creates an opportunity for the growth of the mastic gum market.

• For instance, in November 2022, the in-cosmetics Asia Gold Award went to NovoRetin from Mibelle Biochemistry. The component was initially presented at in-cosmetics Global in Paris earlier this year. By blocking the CYP26 enzymes that break down retinoic acid, NovoRetin increases the skin's natural supply of retinoic acid, which is the active form of retinol. Based on mastic, NovoRetin is a naturally occurring substitute for retinol. When applied to acne-prone skin, NovoRetin increases skin moisture and decreases retentional lesions, including blackheads, pore size, and shine. 

Type Insights

The pure mastic gum segment dominated the mastic gum market in 2023 and is estimated to remain dominant during the forecast period. The segment's growth is increasing due to the rising demand for pure mastic gum from several industries, such as the pharmaceutical, food and beverage, and cosmetics industries. Due to its beneficial antibacterial properties, the increasing demand for pure mastic gum from the pharma industry drives the demand for pure mastic gum. The increasing awareness and the use of mastic gum for a number of health issues boost the demand for the market. Pure mastic gum is used for various dental problems; it helps reduce stomach pain, heartburn, and ulcers, treat inflammatory bowel diseases, and control sugar and cholesterol levels in the body.

Application Insights

The food and beverages industry segment dominated the mastic gum market in 2023. Mastic gum is a flavorful and texturally distinctive natural food component. It's a naturally occurring resin that comes from mastic trees. Mastic gum can be added to liquids, such as sauces, syrups, or stews, to help thicken and stabilize the combination. It is frequently used as a thickener in cooking. It is a flavoring component used in the food and cosmetics sectors. Additionally, it serves a number of functions in both conventional and contemporary medicine, including aiding in digestion, treating ulcers, and maintaining dental cleanliness.

The pharmaceutical industry is projected to have the highest growth in the market during the forecast period. The rising demand for mastic gum by the pharmaceutical industry for the treatment of various diseases with its anti-inflammatory and antibacterial properties is boosting the growth of the mastic gum market. The rising population and the increasing prevalence of chronic diseases among people are driving the demand for the pharmaceutical industry. Mastic gum is used to reduce digestive problems, improve oral health, and address many other health issues that boost the growth of the mastic gum market.

• In July 2022, Mankind Pharma, a leading pharmaceutical firm in India, introduced a set of multivitamin gummies for kids under the brand name Health OK. The gummies contain Vitamin A, C, D, B12, magnesium, zinc, and iodine.

Mastic Gum Market Recent Developments

• In February 2024, Wedjat Health Solutions, established by doctors Dr Sathish and Dr Hema, announced the launch of Health Etc., the first vitamin gummy formulated by doctors in India. The gummies will fulfill the nutritional needs of the body in individuals.
• In April 2024, Delta 9 Gummies launched the best 6 Delta 9THC gummies 2024, in which the top picks were Exhale Wellness, Budpop, Dopeboo, Cheef Botanica, Delta Extraxls, and cbdMD.
• In April 2024, Top Delta 9 Gummies announced the launch of the line of Delta-9 THC neuropathic pain relief gummies in Cleveland, OH. The latest launch contains of long lasting edible 25mg of D9 with the new formulation for the treatment of chronic pain.
• In April 2022, Abbott launched Arachitol Gummies in India. The gummies come with the fruit flavor for both adults and kids. The gummy is a dietary supplement that can fulfill the requirement of Vitamin D significantly.

Mastic Gum Market Companies

• Sharawi Chewing Gum Factory
• Grecian Magnesite S.A.
• Merck KGaA
• Mastic S.A.
• Chios Mastiha Growers Association
• Lalilab Inc.
• Mazaya’s Tobacco-Molasses

Segments Covered in the Report

By Type

• Pure Mastic Gum
• Xylitol Mastic Gum
• Others

By Application

• Pharmaceutical Industry
• Food and Beverages Industry

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa