Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Food Grade Lubricants Market by Type (Mineral Oil, Synthetic Oil, Bio-based Oil), By Application (Food Industry, Beverages Industry, Pharmaceuticals & Cosmetics Industry) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Food Grade Lubricants Market by Type (Mineral Oil, Synthetic Oil, Bio-based Oil), By Application (Food Industry, Beverages Industry, Pharmaceuticals & Cosmetics Industry) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 144591 3300 Chemical & Material 377 237 Pages 4.6 (43)
                                          

Market Overview:


The global food grade lubricants market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for food grade lubricants from the food industry, beverages industry, and pharmaceuticals & cosmetics industry. In addition, the growing awareness about the benefits of using food grade lubricants is also contributing to the growth of this market. The global food grade lubricants market can be segmented on the basis of type into mineral oil, synthetic oil, and bio-based oil. The mineral oil segment is expected to account for a major share of the global food grade lubricants market in 2018. However, synthetic oils are projected to grow at a higher CAGR during the forecast period as they offer better performance than mineral oils and are environment-friendly as well.


Global Food Grade Lubricants Industry Outlook


Product Definition:


Lubricants that meet the requirements of the U.S. Food and Drug Administration (FDA) for use in contact with food are classified as "food grade." The FDA has specific regulations that must be met by any lubricant intended for use with food, including lubricants used in manufacturing and packaging processes. Lubricants that do not meet FDA standards may contain chemicals or metals that can contaminate food products.


Mineral Oil:


Mineral oil is a colorless, tasteless liquid that is widely used as a food-grade lubricant. It consists of fatty acids and long-chained alcohols in an even distribution throughout the mass. Mineral oils are produced from crude oil by fractionation process or through esterification of oils. The most commonly used mineral oils are petrolatum (petroleum), paraffin, and heptane among others which include brine shrimp oil (BSH).


Synthetic Oil:


Synthetic oil is a manufactured product and has no relation to the natural oils. It is produced by the chemical reaction of oleochemicals such as glycerol with synthetic base oils.


Application Insights:


The global food grade lubricants market has been segmented on the basis of application into the food industry, beverages industry, pharmaceutical and cosmetics industries. The food application led with over 55% share in 2017. Growing demand for processed meat products such as bacon is expected to drive product demand in this segment over the forecast period.


In addition, increasing consumption of flavored oils such as soybean oil is anticipated to further fuel growth in this segment during the forecast period. Furthermore, growing use of flavored oils in bakery & confectionery products is expected to have a positive impact on overall market growth during the same period owing to rising consumer preference for novel flavors across various applications including salad dressings and sauces at restaurants and fast foods chains globally.


Regional Analysis:


Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for more than 40% of the total population, approximately 6 billion people. It is also one of the most urbanized regions with more than 50% of its total population living in cities compared to 37% globally. Thus, it has become a major consumer as well as producer across various industries including food & beverages, pharmaceuticals and cosmetics among others.


The increasing disposable income coupled with growing awareness regarding personal grooming products such as skin care creams, hair oil etc., are likely to drive demand from Asia Pacific region during the forecast period. Europe accounted for over 20% share in terms of revenue and is expected to grow at a significant rate over next eight years owing to high consumption levels associated with personal care products such as skin cream among others in Germany; France; Italy; U K.


Growth Factors:


  • Increasing demand from food and beverage industry: The global food and beverage industry is growing at a rapid pace. This is driving the demand for food grade lubricants, as they are essential for various processing and packaging applications in this industry.
  • Rising awareness about the benefits of food grade lubricants: Food grade lubricants offer several benefits over conventional mineral oils, such as improved equipment performance, reduced maintenance costs, and longer equipment life. This is resulting in an increase in their adoption across various industries.
  • Growing popularity of green technologies: There is a growing trend towards the adoption of green technologies across industries worldwide. Food grade lubricants that are made from renewable resources are becoming increasingly popular due to their environmental friendly nature.

Scope Of The Report

Report Attributes

Report Details

Report Title

Food Grade Lubricants Market Research Report

By Type

Mineral Oil, Synthetic Oil, Bio-based Oil

By Application

Food Industry, Beverages Industry, Pharmaceuticals & Cosmetics Industry

By Companies

FUCHS, TOTAL, British Petroleum, Exxon Mobil, Petro-Canada, Jax Inc., SKF, ITW, Kluber, Anderol, Lubriplate

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

237

Number of Tables & Figures

166

Customization Available

Yes, the report can be customized as per your need.


Global Food Grade Lubricants Market Report Segments:

The global Food Grade Lubricants market is segmented on the basis of:

Types

Mineral Oil, Synthetic Oil, Bio-based 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

Food Industry, Beverages Industry, Pharmaceuticals & Cosmetics Industry

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:

  1. FUCHS
  2. TOTAL
  3. British Petroleum
  4. Exxon Mobil
  5. Petro-Canada
  6. Jax Inc.
  7. SKF
  8. ITW
  9. Kluber
  10. Anderol
  11. Lubriplate

Global Food Grade Lubricants Market Overview


Highlights of The Food Grade Lubricants Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Mineral Oil
    2. Synthetic Oil
    3. Bio-based Oil
  1. By Application:

    1. Food Industry
    2. Beverages Industry
    3. Pharmaceuticals & Cosmetics Industry
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Food Grade Lubricants 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
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Food Grade Lubricants Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Food grade lubricants are those that have been specifically designed to be used in food-related applications. They are often made from natural ingredients and are free of harmful chemicals.

Some of the major companies in the food grade lubricants market are FUCHS, TOTAL, British Petroleum, Exxon Mobil, Petro-Canada, Jax Inc., SKF, ITW, Kluber, Anderol, Lubriplate.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Food Grade Lubricants 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 Lubricants 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 Lubricants Market - Supply Chain
   4.5. Global Food Grade Lubricants Market Forecast
      4.5.1. Food Grade Lubricants Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Food Grade Lubricants Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Food Grade Lubricants Market Absolute $ Opportunity

5. Global Food Grade Lubricants 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 Lubricants Market Size and Volume Forecast by Type
      5.3.1. Mineral Oil
      5.3.2. Synthetic Oil
      5.3.3. Bio-based Oil
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Food Grade Lubricants 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 Lubricants Market Size and Volume Forecast by Application
      6.3.1. Food Industry
      6.3.2. Beverages Industry
      6.3.3. Pharmaceuticals & Cosmetics Industry
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Food Grade Lubricants 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 Lubricants 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 Lubricants 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 Lubricants 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 Lubricants Demand Share Forecast, 2019-2026

9. North America Food Grade Lubricants 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 Lubricants 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 Lubricants Market Size and Volume Forecast by Application
      9.4.1. Food Industry
      9.4.2. Beverages Industry
      9.4.3. Pharmaceuticals & Cosmetics Industry
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Food Grade Lubricants Market Size and Volume Forecast by Type
      9.7.1. Mineral Oil
      9.7.2. Synthetic Oil
      9.7.3. Bio-based 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 Lubricants Demand Share Forecast, 2019-2026

10. Latin America Food Grade Lubricants 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 Lubricants 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 Lubricants Market Size and Volume Forecast by Application
      10.4.1. Food Industry
      10.4.2. Beverages Industry
      10.4.3. Pharmaceuticals & Cosmetics Industry
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Food Grade Lubricants Market Size and Volume Forecast by Type
      10.7.1. Mineral Oil
      10.7.2. Synthetic Oil
      10.7.3. Bio-based 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 Lubricants Demand Share Forecast, 2019-2026

11. Europe Food Grade Lubricants 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 Lubricants 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 Lubricants Market Size and Volume Forecast by Application
      11.4.1. Food Industry
      11.4.2. Beverages Industry
      11.4.3. Pharmaceuticals & Cosmetics Industry
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Food Grade Lubricants Market Size and Volume Forecast by Type
      11.7.1. Mineral Oil
      11.7.2. Synthetic Oil
      11.7.3. Bio-based Oil
   11.8. Basis Poit 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 Lubricants Demand Share, 2019-2026

12. Asia Pacific Food Grade Lubricants 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 Lubricants 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 Lubricants Market Size and Volume Forecast by Application
      12.4.1. Food Industry
      12.4.2. Beverages Industry
      12.4.3. Pharmaceuticals & Cosmetics Industry
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Food Grade Lubricants Market Size and Volume Forecast by Type
      12.7.1. Mineral Oil
      12.7.2. Synthetic Oil
      12.7.3. Bio-based 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 Lubricants Demand Share, 2019-2026

13. Middle East & Africa Food Grade Lubricants 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 Lubricants 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 Lubricants Market Size and Volume Forecast by Application
      13.4.1. Food Industry
      13.4.2. Beverages Industry
      13.4.3. Pharmaceuticals & Cosmetics Industry
   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 Lubricants Market Size and Volume Forecast by Type
      13.7.1. Mineral Oil
      13.7.2. Synthetic Oil
      13.7.3. Bio-based 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 Lubricants Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Food Grade Lubricants Market: Market Share Analysis
   14.2. Food Grade Lubricants Distributors and Customers
   14.3. Food Grade Lubricants Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. FUCHS
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. TOTAL
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. British Petroleum
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Exxon Mobil
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Petro-Canada
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Jax Inc.
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. SKF
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. ITW
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Kluber
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Anderol
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Lubriplate
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. COMPANY 12
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. COMPANY 13
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. COMPANY 14
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. COMPANY 15
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         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

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