Food Grade Lubricants Market Size & Growth Analysis to 2030

The global food grade lubricants market size was accounted at around USD 350 million in 2021 and expected to register a significant CAGR of around 8% during the forecast period from 2022 to 2028. The increasing prevalence of food-borne diseases and the rising consumer awareness regarding health are some major factors driving the market growth. Furthermore, the rising food safety concerns and the increasing demand for food-grade lubricants are further expected to boost the market over the forecast period. The increasing demand for food-grade lubricants in various end-use industries such as food, beverage, cosmetics, and pharmaceuticals are projected to propel the market growth in upcoming years.

Market Drivers:

Stringent food safety regulations: The food industry is subject to strict regulations and standards to ensure the safety and quality of food products. Food grade lubricants are specifically formulated to meet these regulations and prevent contamination of food during processing, packaging, and handling. The need for compliance with food safety regulations drives the demand for food grade lubricants.

Increasing consumer awareness and demand for food safety: Consumers are becoming more conscious about the safety and quality of the food they consume. They are increasingly demanding food products that are produced using safe and hygienic practices. Food grade lubricants play a critical role in maintaining the integrity and safety of food products, thereby meeting consumer expectations and driving the demand for such lubricants.

Growth of the food processing industry: The food processing industry is experiencing significant growth due to factors such as urbanization, changing consumer lifestyles, and increasing demand for processed and convenience foods. Food grade lubricants are essential for the smooth operation of machinery and equipment used in food processing facilities, such as conveyor belts, mixers, pumps, and packaging machinery. The expansion of the food processing industry drives the demand for food grade lubricants.

Rise in industrial automation: The adoption of automation in the food industry is increasing to improve efficiency, productivity, and product quality. Automated machinery and equipment require lubrication for smooth operation and to prevent equipment breakdowns. Food grade lubricants are specifically designed to meet the unique requirements of automated food processing equipment, leading to their increased demand.

Growing focus on sustainability and environmental protection: There is a growing emphasis on sustainability and environmental responsibility in the food industry. Food grade lubricants are often formulated using biodegradable and environmentally friendly materials to minimize their impact on the environment. The increasing focus on sustainability and environmental protection drives the demand for food grade lubricants as a greener alternative to conventional lubricants.

Technological advancements in lubricant formulations: Ongoing advancements in lubricant formulations have led to the development of high-performance food grade lubricants that offer improved lubrication, wear protection, and thermal stability. These advancements have expanded the application possibilities and efficacy of food grade lubricants, attracting users from various segments of the food industry.

International food trade and export regulations: Food products often need to meet specific regulations and standards when being exported to different countries. This includes compliance with food grade lubricant requirements to ensure that lubricant residues do not pose any health risks. The international food trade and export regulations contribute to the demand for food grade lubricants.

Increasing focus on food processing equipment maintenance: Proper maintenance of food processing equipment is crucial to ensure its reliability, longevity, and hygiene. Food grade lubricants play a vital role in equipment maintenance, helping to reduce downtime, prevent contamination, and extend the lifespan of machinery. The growing emphasis on equipment maintenance in the food industry drives the demand for food grade lubricants.

Market Snapshot:

Market Insights:

The global food grade lubricants market is bifurcated into base oil type, application, and geography. On the basis of base oil type, the market is further segmented into mineral, synthetic, and bio-based oil. The mineral-based food lubricants segment dominated the global market in 2021 and is expected to hold the largest revenue of around 2/3 market share by the end of the analysis period. The wide use of the product in machinery like hydraulic systems due to its high-temperature tolerance between 120F to 150F is a major factor to drive the segment growth. Furthermore, the growing demand for mineral-based food-grade lubricants in various industries such as food, beverage, cosmetics, and others is further expected to fuel the segment growth.

On the basis of application, the market is bifurcated into food, beverages, pharmaceuticals & cosmetics, and others. The food segment dominated the global food grade lubricants market in 2021 and is expected to hold a significant market share of around 2/3 share by the end of the analysis period. The widespread use of the product in various food applications such as bakery, dairy, confectionery, meat, poultry, and others is a major factor to drive the segment growth. Furthermore, the rising consumer awareness and the growing demand for high-quality meat products are anticipated to fuel the segment growth over the forecast period.

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The food grade lubricants comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The food grade lubricants market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

• 2019-20 – Historical Year
• 2021 – Base Year
• 2022-2028 – Forecast Period

Market Segmentation:

By Base Oil Type:

• Mineral
• Synthetic
• Bio-based Oil

By Application:

• Food
• Beverages
• Pharmaceuticals
• Cosmetics
• Others

By Region:

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

Regional Analysis:

Geographically, the food grade lubricants market report comprises dedicated sections centering on the regional market revenue and trends. The food-grade lubricants market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The food-grade lubricants market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Food grade lubricants market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2022 – 2028.

Competitive Assessment:

Some of the major market players operating in the global food grade lubricants market are ExxonMobil Corporation, TotalEnergies SE, FUCHS Petrolub AG, BP plc., and Petro-Canada Lubricants Inc. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• ExxonMobil Corporation
• TotalEnergies SE
• FUCHS Petrolub AG
• BP plc.
• Petro-Canada Lubricants Inc.
• Chevron Corporation
• The DOW Chemical Company
• Kluber Lubrication Munchen SE & Co. KG
• SKF
• Illinois Tools Works Inc.

Key Questions Answered by Food Grade Lubricants Market Report

• Global food grade lubricants market forecasts from 2022-2028
• Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
• Food grade lubricants submarket forecasts from 2022-2028 covering the market by base oil type, by application, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level food grade lubricants markets from 2022-2028
• Competitive Landscape and market positioning of top 10 players operating in the market