Mastic Gum Market Develop at a CAGR of 8.10% During The Forecast Period
Global Mastic Gum Market size was valued at USD 350.8 Million in 2022 and is expected to reach USD 645.6 Million by 2032, at a CAGR of 8.1% during the forecast period 2023 – 2032. Mastic Gum Market: Overview Mastic gum, also referred to as Chios mastic, is a resin derived from the mastic tree (Pistacia lentiscus var. Chia), which is endemic to the Greek island of Chios and adjacent Mediterranean countries. It has been used for hundreds of thousands of years in a variety of applications, most notably in traditional medicine and as a flavoring ingredient. Consumers are becoming more aware of mastic gum’s health advantages, such as its digestive characteristics and possible anti-inflammatory effects, which are driving up demand for natural and functional food components. Furthermore, there is a growing fascination with conventional and herbal medicine, as mastic gum has been utilized for generations, resulting in its incorporation into ...