The global food grade liquid paraffin market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 1.2 billion by 2030. The growth of this market can be attributed to the increasing demand for food grade liquid paraffin in various applications such as cosmetics, food processing equipment and consumer goods.
Paraffibased mineral oil accounted for the largest share of the global food grade liquid paraffin market in 2017, followed by cycloalkyl mineral oil and other types of mineral oils. Paraffibased mineral oil is used as a substitute for animal fats in various applications such as cosmetics and personal care products due to its low melting point and high stability against oxidation. Cycloalkyl mineral oils are used in various applications such as lubricants, hydraulic fluids, metal working fluids and cutting fluids due to their high viscosity index which provides better lubrication properties than other types of oils with lower viscosity indices. Other types of minerals oils are also used in various applications such as industrial coatings due to their low volatility which prevents them from evaporating easily into air or water vapor when exposed to heat or sunlight.
Some Of The Growth Factors Of This Market:
- The global population is increasing and the demand for food is also increasing.
- The global population is aging and the demand for food is also increasing.
- There are more people in the world who are living in urban areas, which means that there will be a higher demand for food because of increased consumption of meat products, which require more resources to produce than vegetables or grains do.
- There has been an increase in the number of people who have access to refrigeration and other technologies that allow them to store their food longer than they could before, which means that they can buy more at one time and store it without worrying about spoilage as much as they would have before refrigeration was invented or became widespread enough to be used by most people around the world.
- There has been an increase in awareness about healthy eating habits among consumers, which means that there will be a higher demand for foods with lower levels of sugar, salt, fat, etc, such as fruits and vegetables.
Industry Growth Insights published a new data on “Food Grade Liquid Paraffin Market”. The research report is titled “Food Grade Liquid Paraffin Market research by Types (Paraffin-based Mineral Oil, Cycloalkyl Mineral Oil), By Applications (Cosmetics, Food Processing Equipment, Consumer Goods, Other), By Players/Companies Sasol, Shell, Exxon Mobil, Farabi Petrochem, Savita, Nippon Oil, CEPSA, Eni, H&R Group, SEOJIN CHEM, Sonneborn, MORESCO, KDOC, Atlas Setayesh Mehr, Gandhar Oil, FPCC, CNPC, Sinopec, ChemChina”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Food Grade Liquid Paraffin Market Research Report
By Type
Paraffin-based Mineral Oil, Cycloalkyl Mineral Oil
By Application
Cosmetics, Food Processing Equipment, Consumer Goods, Other
By Companies
Sasol, Shell, Exxon Mobil, Farabi Petrochem, Savita, Nippon Oil, CEPSA, Eni, H&R Group, SEOJIN CHEM, Sonneborn, MORESCO, KDOC, Atlas Setayesh Mehr, Gandhar Oil, FPCC, CNPC, Sinopec, ChemChina
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Food Grade Liquid Paraffin Market Report Segments:
The global Food Grade Liquid Paraffin market is segmented on the basis of:
Types
Paraffin-based Mineral Oil, Cycloalkyl Mineral Oil
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cosmetics, Food Processing Equipment, Consumer Goods, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sasol
- Shell
- Exxon Mobil
- Farabi Petrochem
- Savita
- Nippon Oil
- CEPSA
- Eni
- H&R Group
- SEOJIN CHEM
- Sonneborn
- MORESCO
- KDOC
- Atlas Setayesh Mehr
- Gandhar Oil
- FPCC
- CNPC
- Sinopec
- ChemChina
Highlights of The Food Grade Liquid Paraffin Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Paraffin-based Mineral Oil
- Cycloalkyl Mineral Oil
- By Application:
- Cosmetics
- Food Processing Equipment
- Consumer Goods
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Food Grade Liquid Paraffin Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Food grade liquid paraffin is a petroleum-based product that is used as a thickening agent, emulsifier, and preservative in food products. It has a high smoke point and can be used in cooking or as an additive to coat foods for storage.
Some of the major companies in the food grade liquid paraffin market are Sasol, Shell, Exxon Mobil, Farabi Petrochem, Savita, Nippon Oil, CEPSA, Eni, H&R Group, SEOJIN CHEM, Sonneborn, MORESCO, KDOC, Atlas Setayesh Mehr, Gandhar Oil, FPCC, CNPC, Sinopec, ChemChina.
The food grade liquid paraffin market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Food Grade Liquid Paraffin Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Food Grade Liquid Paraffin Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Food Grade Liquid Paraffin Market - Supply Chain
4.5. Global Food Grade Liquid Paraffin Market Forecast
4.5.1. Food Grade Liquid Paraffin Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Food Grade Liquid Paraffin Market Size (000 Units) and Y-o-Y Growth
4.5.3. Food Grade Liquid Paraffin Market Absolute $ Opportunity
5. Global Food Grade Liquid Paraffin Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Food Grade Liquid Paraffin Market Size and Volume Forecast by Type
5.3.1. Paraffin-based Mineral Oil
5.3.2. Cycloalkyl Mineral Oil
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Food Grade Liquid Paraffin Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Food Grade Liquid Paraffin Market Size and Volume Forecast by Application
6.3.1. Cosmetics
6.3.2. Food Processing Equipment
6.3.3. Consumer Goods
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Food Grade Liquid Paraffin Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Food Grade Liquid Paraffin Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Food Grade Liquid Paraffin Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Food Grade Liquid Paraffin Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Food Grade Liquid Paraffin Demand Share Forecast, 2019-2026
9. North America Food Grade Liquid Paraffin Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Food Grade Liquid Paraffin Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Food Grade Liquid Paraffin Market Size and Volume Forecast by Application
9.4.1. Cosmetics
9.4.2. Food Processing Equipment
9.4.3. Consumer Goods
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Food Grade Liquid Paraffin Market Size and Volume Forecast by Type
9.7.1. Paraffin-based Mineral Oil
9.7.2. Cycloalkyl Mineral Oil
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Food Grade Liquid Paraffin Demand Share Forecast, 2019-2026
10. Latin America Food Grade Liquid Paraffin Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Food Grade Liquid Paraffin Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Food Grade Liquid Paraffin Market Size and Volume Forecast by Application
10.4.1. Cosmetics
10.4.2. Food Processing Equipment
10.4.3. Consumer Goods
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Food Grade Liquid Paraffin Market Size and Volume Forecast by Type
10.7.1. Paraffin-based Mineral Oil
10.7.2. Cycloalkyl Mineral Oil
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Food Grade Liquid Paraffin Demand Share Forecast, 2019-2026
11. Europe Food Grade Liquid Paraffin Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Food Grade Liquid Paraffin Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Food Grade Liquid Paraffin Market Size and Volume Forecast by Application
11.4.1. Cosmetics
11.4.2. Food Processing Equipment
11.4.3. Consumer Goods
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Food Grade Liquid Paraffin Market Size and Volume Forecast by Type
11.7.1. Paraffin-based Mineral Oil
11.7.2 Cycloalkyl Mineral Oil
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Food Grade Liquid Paraffin Demand Share, 2019-2026
12. Asia Pacific Food Grade Liquid Paraffin Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Food Grade Liquid Paraffin Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Food Grade Liquid Paraffin Market Size and Volume Forecast by Application
12.4.1. Cosmetics
12.4.2. Food Processing Equipment
12.4.3. Consumer Goods
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Food Grade Liquid Paraffin Market Size and Volume Forecast by Type
12.7.1. Paraffin-based Mineral Oil
12.7.2. Cycloalkyl Mineral Oil
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Food Grade Liquid Paraffin Demand Share, 2019-2026
13. Middle East & Africa Food Grade Liquid Paraffin Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Food Grade Liquid Paraffin Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Food Grade Liquid Paraffin Market Size and Volume Forecast by Application
13.4.1. Cosmetics
13.4.2. Food Processing Equipment
13.4.3. Consumer Goods
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Food Grade Liquid Paraffin Market Size and Volume Forecast by Type
13.7.1. Paraffin-based Mineral Oil
13.7.2. Cycloalkyl Mineral Oil
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Food Grade Liquid Paraffin Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Food Grade Liquid Paraffin Market: Market Share Analysis
14.2. Food Grade Liquid Paraffin Distributors and Customers
14.3. Food Grade Liquid Paraffin Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sasol
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Shell
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Exxon Mobil
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Farabi Petrochem
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Savita
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Nippon Oil
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. CEPSA
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Eni
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. H&R Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SEOJIN CHEM
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Sonneborn
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. MORESCO
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. KDOC
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Atlas Setayesh Mehr
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Gandhar Oil
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. FPCC
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. CNPC
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Sinopec
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. ChemChina
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
