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Global Food Grade Lubricants Market - Industry Trends and Forecast to 2029

Chemical and Materials

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Global Food Grade Lubricants Market - Industry Trends and Forecast to 2029

  • Chemical and Materials
  • Upcoming Report
  • Apr 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Food Grade Lubricants Market - Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 0.32 USD Million
Diagram Market Size (Forecast Year) USD 0.49 USD Million
Diagram CAGR %

Major Markets Players

  • FUCHS
  • BP Plc
  • Total
  • PetroCanada Lubricants
  • Exxon Mobil Corporation

Global Food Grade Lubricants Market, By Base Oil (Mineral Oil, Synthetic Oil), Application (Food, Beverages, Pharmaceuticals and cosmetics, Others) - Industry Trends and Forecast to 2029.

Food Grade Lubricants Market

 Market Analysis and Size

In many countries, NSF certification is becoming the industry standard for food-grade lubricant makers. Bio-based lubricants have gained traction as a viable alternative to petroleum-based lubricants in a variety of industries, including food and transportation. Animal fats or vegetable oils are used to make them. Natural oils are chemically changed by esterification, transesterification, and oxidation to create superior bio-lubricants.

Data Bridge Market Research analyses that the food grade lubricants market value, which was USD 0.32 million in 2021, is expected to reach the value of USD 0.49 million by 2029, at a CAGR of  5.1% during the forecast period.  The “Food” segment's dominance can be ascribed to rising food safety concerns and the fast-growing food processing industry.

Market Definition

Food-grade lubricants must fulfil the same technical requirements as standard lubricants. They should also resist food degradation and have a neutral chemical behaviour toward food processing equipment and food packaging materials, all while adhering to food and health safety requirements. Lubricants for use in food can be sourced from petroleum or synthesised. Mineral oil-based, synthetic oil-based, and biobased food grade lubricants can all be classed by their base oil. Because of the advantageous qualities of aluminium complex thickened grease, such as high temperature resistance, water resistance, and chemical inertness toward food processing equipment, food grade lubricants play a key role in the food business.

Report Scope and Market Segmentation

Report Metric

Details

Base Year

2021

Forecast Period

2022-2029

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Base Oil (Mineral Oil and Synthetic Oil), Application (Food, Beverages, Pharmaceuticals and cosmetics and Others)

Countries Covered

U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA)

Market Players Covered

FUCHS (Germany), BP Plc (U.K.), Total (France), Petro-Canada Lubricants Inc. (Canada), Exxon Mobil Corporation. (U.S.), Klüber Lubrication München SE & Co. KG (Germany), SKF (Sweden), LANXESS (U.S.), Illinois Tool Works Inc. (US), Jax Industrial Lubricants (US), Brit Lube (UK), Clearco Products Co., Inc. (US), Freudenberg Group (Germany), HollyFrontier Corporation (US), Hydrotex Lube. (US), Interflon (India) PVT Ltd. (India), Lubriplate Lubricants Company. (US), Metalube. (UK), Dow (US), Royal Dutch Shell plc (UK).

Food Grade Lubricants Market Dynamics

Drivers:

  • Rise in the consumption of processed food and beverages.

Growing convenience and processed feeds and growth of several food and beverages industries is one of the contributing factors.

  • Stringent Food Safety Regulations.

Strict regulation related to the safety concerns and stringent rule imposed by government is further anticipated to propel the market growth.

  • Increase demand for lubricants from the end use industry.

Growing need for lubricants from the end use industry including food, beverages, pharmaceuticals, cosmetics, and others.

Opportunities

In addition, the rise in the low cost, high quality, easy to cook and longer shelf life product, growing number of working women and hectic schedules will further provide potential opportunities for the growth of the food grade lubricants market in the coming years.

Restraints/ Challenges

On the other hand, the absence of proper training and awareness is further projected to impede the growth of the food grade lubricants market in the timeline period. However, the dearth of awareness amongst the manufacturers might further challenge the growth of the food grade lubricants market in the near future.

This food grade lubricants market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the food grade lubricants market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Post COVID-19 Impact on Food Grade Lubricants Market

The recent outbreak of coronavirus has critically impacted the food grade lubricants market. Due to a disrupted supply chain and trade restrictions, the pandemic had a detrimental impact on the food grade lubricant business. Several countries established severe rules on the manufacturing of cosmetics, food, and beverages, among other things, during the early months of the pandemic.

On the brighter side, the changes in consumer buying habits and the use of food-grade lubricants are expected to help offset some of the losses.

Recent Development

  • In May 2019, India approved 296 cold chain projects in the food processing industry, which signalled a growing demand for food-grade lubricants in production and packaging.  

Global Food Grade Lubricants Market Scope

The food grade lubricants market is segmented on the basis of base oil and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Base Oil

On the basis of base oil, the food grade lubricants market has been segmented into mineral oil and synthetic oil. Synthetic oil has been further sub segmented into PAO (polyalphaolephins), PAG (polyalkylene glycol) and others (esters and silicones).

Application

  • Food
  • Beverages
  • Pharmaceuticals and cosmetics
  • Others

On the basis of application, the food grade lubricants market has also been segmented into food, beverages, pharmaceuticals and cosmetics and others. Food has been further sub segmented into bakery, sugar, dairy, meat, poultry, and sea food and others. Others has been further sub segmented into packaging, food grade lubricants blending, and food machinery manufacturing.

Food Grade Lubricants Market Regional Analysis/Insights

The food grade lubricants market is analysed and market size insights and trends are provided by country, base oil and application as referenced above.

The countries covered in the food grade lubricants market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).

Europe dominates the food grade lubricants market due to the strict EPA and REACH regulations and change in the focus towards developing bio-based lubricants. Furthermore, the rise in the penetration of bio-based replacements will further boost the growth of the food grade lubricants market in the region during the forecast period.

North America is projected to observe significant amount of growth in the food grade lubricants market due to the enormous industrialization. Moreover, the growing use of good quality food-grade lubricants for decades having longer oil drain intervals is further anticipated to propel the growth of the food grade lubricants market in the region in the coming years.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Food Grade Lubricants Market Share Analysis

The food grade lubricants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to food grade lubricants market.

Some of the major players operating in the food grade lubricants market are:

  • FUCHS (Germany),
  • BP Plc (U.K.),
  • Total (France),
  • Petro-Canada Lubricants Inc. (Canada),
  • Exxon Mobil Corporation. (U.S.),
  • Klüber Lubrication München SE & Co. KG (Germany),
  • SKF (Sweden),
  • LANXESS (U.S.),
  • Illinois Tool Works Inc. (US),
  • Jax Industrial Lubricants (US),
  • Brit Lube (UK),
  • Clearco Products Co., Inc. (US),
  • Freudenberg Group (Germany),
  • HollyFrontier Corporation (US),
  • Hydrotex Lube. (US),
  • Interflon (India) PVT Ltd. (India),
  • Lubriplate Lubricants Company. (US),
  • Metalube. (UK),
  • Dow (US),
  • Royal Dutch Shell plc (UK)


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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

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FREQUENTLY ASK QUESTIONS

The Food Grade Lubricants Market will be projected to grow at a CAGR of 5.1% during forecast by 2029.
The Food Grade Lubricants Market will be projected at USD 0.49 million during forecast by 2029.
On the basis of application, the Food Grade Lubricants Market is segmented into Food, Beverages, Pharmaceuticals and cosmetics, Others.
The major players operating in the Food Grade Lubricants Market are FUCHS (Germany), BP Plc (U.K.), Total (France), Petro-Canada Lubricants Inc. (Canada), Exxon Mobil Corporation. (U.S.), Klüber Lubrication München SE & Co. KG (Germany), SKF (Sweden), LANXESS (U.S.), Illinois Tool Works Inc. (US), Jax Industrial Lubricants (US), Brit Lube (UK), Clearco Products Co., Inc. (US), Freudenberg Group (Germany), HollyFrontier Corporation (US), Hydrotex Lube. (US), Interflon (India) PVT Ltd. (India), Lubriplate Lubricants Company. (US), Metalube. (UK), Dow (US), Royal Dutch Shell plc (UK).
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