Global Food Grade Lubricants Market is expected to reach ~USD 500 Mn by 2028F: Ken Research

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Global Food Grade Lubricants Market By Geography

The Global Food Grade Lubricants market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

Europe accounted for the largest market share within the global food-grade lubricants market in 2022, owing to the presence of various renowned companies.

According to European Commission, the food and drink industry is the EU’s biggest manufacturing sector in terms of jobs and value-added.  The rising food and drink industry are likely to fuel the demand for food-grade lubricants.

Presence of leading companies operating in adult incontinence products, like Lanxess, Eni, SKF, FUCHS Petrolub SE, and others, will catalyze the expansion of this market.

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Competition Scenario In Global Food Grade Lubricants Market

The global food-grade lubricants market is significantly competitive with ~100 players which include globally diversified players, and regional players as well as a majority number of country-niche players having their niche in manufacturing food-grade lubricants products for various applications. Country-niche players comprise the largest share by competitor type, while large global players comprise about 15% of the competitors by type. Some of the major players in the market include CITGO, Lanxess, Exxon Mobil, Eni, SKF, FUCHS Petrolub SE, Dow Chemical Company, Total Energy, ENEOS Corporation, Phillips 66, and others.

What is the Expected Future Outlook for the Overall Global FOOD GRADE LUBRICANTS Market Across the globe?

The Global Food Grade Lubricants market was valued at USD ~million in 2022 and is anticipated to reach USD ~500 Million by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Food Grade Lubricants market is driven by strict government rules and regulation on mandating the usage of food-grade lubricants. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing collaboration and emergence of new products, the Global Food Grade Lubricants market is changing rapidly. For instance, In September 2022, Piedmont Lithium announced an investment of US$582 million to establish a lithium hydroxide processing, refining, and manufacturing facility in Southeast Tennessee.

In February 2022, RelaDyne acquired The Farley Company, a distributor of an extensive line of lubrication and chemical products. This acquisition will expand RelaDyne’s distribution capabilities in the northern Ohio area, Columbus, and Akron markets.

In June 2021, the FUSCH group acquired Gleitmo Technik AB, Sweden to strengthen the specialty lubricating business.

The global food-grade lubricants market witnessed significant growth during the period 2017-2021, owing to the increasing application of food-grade lubricants in the food and beverage industry. The growth rate is expected to remain significant during the forecast period.

Though the market is significantly competitive with ~100 participants, the majority of country-niche players dominate the market share by type, and global players hold a significant market share.

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Key Topics Covered in the Report

• Snapshot of the Global Food Grade Lubricants Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Food Grade Lubricants Market
• Historic Growth of the Overall Global Food Grade Lubricants Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Food Grade Lubricants Industry
• Overview, Product Type Offerings, and Strengths & Weaknesses of Key Competitors
• COVID-19 Impact on the Overall Global Food Grade Lubricants Market
• Future Market Forecast and Growth Rates of the Total Global Food Grade Lubricants Market and by Segments
• Market Size of Type/End-Users Segments with Historical CAGR and Future Forecasts
• Analysis of the Global Food Grade Lubricants Market
• Major Production/Supply and Consumption/Demand Hubs in Each Major Region
• Major Continent-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Continent

Major Players Mentioned in the Report

• CITGO
• Lanxess
• Exxon Mobil
• Eni
• SKF
• FUCHS PETROLUB SE
• Dow Chemical Company
• Total Energy
• ENEOS Corporation
• Phillips 66

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Notable Emerging Companies Mentioned in the Report

• Cocoon Biotech
• ADBioplastics
• BioMed Element
• XAMPLA
• Cypris Materials

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Food-Grade Lubricants Manufacturing Companies
• Food-Grade Lubricants Suppliers
• Food-Grade Lubricants Material Producers
• Potential Investors in Food-Grade Lubricants Companies
• Lubricants Producers
• Edible Oil Manufacturers
• Consulting Companies in the Chemical Market
• Government And Research Organizations Working in the Chemical Industries
• Investment Banks Targeting the Edible Oils Industry
• PE and VC Firms focused on Food Industry
• Investment Banks Targeting Food Industry
• Government Ministries and Departments of Food Industry
• Food Research Institutes

Time Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022-2028F

For More Insights On Market Intelligence, Refer To The Link Below: –

Global Food Grade Lubricants market

Global Food Grade Lubricants market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 500 Mn by 2028. – Ken Research

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What Is The Size Of Global Food Grade Lubricants Industry?

The Food Grade Lubricants Market is largely driven by strict government rules and regulation on mandating the usage of food-grade lubricants.

Surging the food and beverages industry, is likely to propel the growth of the food-grade lubricants market. For instance, as per Germany Trade & Invest, Germany is Europe’s largest food producer and the food & beverages industry represents the fourth largest industry sector in Germany. Exports of processed foods and agricultural commodities generated sales of US$ 70.21 Million in 2018, making Germany the third largest exporter of food and beverages worldwide.

Lack of technical knowledge about the Food-Grades such as H1, H2, and H3 among the manufacturers, is likely to cause a restraint for this market. NSF International, an American health organization, mentioned that lubricants registered as H1 or certified to ISO 21469 are considered food-grade.

COVID-19 has decelerated the growth of the Food Grade Market. This is because of the temporary shutdown of assembly lines, disruption of the supply chain, restriction on manufacturing activities, and decline in the number of export and import of various food product types. But as the market is recovering and people are getting more aware of food safety, it is estimated that the food-grade lubricants market will grow significantly in the forecasted period.

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Global Food Grade Lubricants Market By Product Type

The Global Food Grade Lubricants market is segmented by Product type into Mineral, Synthetic, Bio-Based and Others.

The mineral segment accounted for the largest market share in 2022, as it is used for multiple applications such as food, beverages, cosmetics, and others.

According to Enerdata, an energy intelligence company, stated in a report that global crude oil output rose by less than 1% in 2021 after a 7.4% drop in 2020.

In 2021, as stated by Enerdata, the US crude oil production (17% of global output) increased by 1.3%. Increased production of crude oil is likely to propel the growth of the mineral oil product segment.

Global Food Grade Lubricants Market By Grade

The Global Food Grade Lubricants market is segmented by Grade into H1, H2 and H3. The H1 segment accounted for the largest market share in 2022, owing to the extensive usage in the food industry.

H1 lubricants are food-grade lubricants used in food manufacturing plants where there is less possibility of occasional contact with food.

H1 lubricants are produced with a base oil like polyaphaolefines, polyalkenes glycol, and easter, mixed with additives, that help in to maintain the quality of food.

Global Food Grade Lubricants Market By Application

The Global Food Grade Lubricants market is segmented by Application into Food, Beverages, Pharmaceuticals and Others.

The food application segment held the largest market in 2022, owing to increased usage, and multiple applications in various sub-sector in the food industry.

As per Invest India, India ranks 1st in milk production and contributes 23% of milk production growing at a CAGR of ~6.2% to reach 209.96 MT in 2020-21.

According to the USA Department of Agriculture, Japan’s food processing industry manufactured US$ 218.3 billion in food and beverages products.

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Key Topics Covered in the Report

• Snapshot of the Global Food Grade Lubricants Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Food Grade Lubricants Market
• Historic Growth of the Overall Global Food Grade Lubricants Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Food Grade Lubricants Industry
• Overview, Product Type Offerings, and Strengths & Weaknesses of Key Competitors
• COVID-19 Impact on the Overall Global Food Grade Lubricants Market
• Future Market Forecast and Growth Rates of the Total Global Food Grade Lubricants Market and by Segments
• Market Size of Type/End-Users Segments with Historical CAGR and Future Forecasts
• Analysis of the Global Food Grade Lubricants Market
• Major Production/Supply and Consumption/Demand Hubs in Each Major Region
• Major Continent-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Continent

Major Players Mentioned in the Report

• CITGO
• Lanxess
• Exxon Mobil
• Eni
• SKF
• FUCHS PETROLUB SE
• Dow Chemical Company
• Total Energy
• ENEOS Corporation
• Phillips 66

Notable Emerging Companies Mentioned in the Report

• Cocoon Biotech
• ADBioplastics
• BioMed Element
• XAMPLA
• Cypris Materials

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Food-Grade Lubricants Manufacturing Companies
• Food-Grade Lubricants Suppliers
• Food-Grade Lubricants Material Producers
• Potential Investors in Food-Grade Lubricants Companies
• Lubricants Producers
• Edible Oil Manufacturers
• Consulting Companies in the Chemical Market
• Government And Research Organizations Working in the Chemical Industries
• Investment Banks Targeting the Edible Oils Industry
• PE and VC Firms focused on Food Industry
• Investment Banks Targeting Food Industry
• Government Ministries and Departments of Food Industry
• Food Research Institutes

Time Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022-2028F

For more insights on the market intelligence, refer to the link below:-

Global Food Grade Lubricants Market 

Global Food Grade Lubricants Market | Food Grade Lubricants Demand – Ken Research

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Driven by the growing usage among the food and beverages industry. The Global Food-Grade Lubricants Market is forecasted at approximately US$ 500 Mn by 2028 says Ken Research Study.

Food Grade lubricants are categorized under oil and grease, acceptable for use in meat, poultry, and other food processing equipment, application, and plants. Lubricants are broken into different categories on the likelihood they will contact food. As of now, food-grade lubricants are designated as H1, H2, and H3. The approval and registration of new lubricants into one of these categories are based on the ingredient used in the formulation.

“Ken Research shares 3 key insights on this high-opportunity market from its latest research study.”

1. Rising Consumer Awareness and Unhygienic Food Manufacturing Plant, are Driving Factors for This Market.

According to Ken Research Analysis, the Global Food Grade Lubricants Market was valued at US$ 200 million in 2017, it is estimated to be ~US$ 300 million in 2022 and is forecasted to reach a market size of ~US$ 500 million opportunities by 2028.

Food safety concerns are likely to benefit the food-grade lubricants. Foodborne diseases are occurring due to the contamination of food by non-food lubricants, foodborne illness is caused by consuming polluted food and beverages. Consumer awareness is rising since the outbreak of COVID-19, people are more active and know what to consume. Various manufacturing plants are now continuously adopting measures and adhering to government regulations regarding the adoption of food-grade lubricants, which is likely to fuel the demand of this market.

2. Surging Production and Consumption of Dairy Food, Meat, and other Related Products, is Likely to Fuel the Market Growth.

According to Invest India, India ranks 8^th in meat production in the world. Meat production in the country has increased from 6.69 MT in 2014-15 to 8.80 MT in 2020-21. Furthermore, fish production has reached an all-time high of 16.19 MMT during 2021-22.

As per the Organization for Economic Co-operation and Development (OECD), world milk production increased by 1.3% in 2019 to about 852 MT. The share of fresh dairy products in world consumption is expected to increase over the coming decade due to strong demand growth in India, Pakistan, and Africa, driven by income and population growth. The rise in the production and consumption of food and beverages is likely to fuel the market growth of food-grade lubricants.

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3.   Strict Rules for over Production of Chemicals in Plants, is Likely to Hamper the Growth of the Food Grade Lubricants Market.

The USA has various regulatory bodies that supervise chemical reporting, wastewater discharge from facilities, oil spills, hazardous substance releases, and various other regulations. Section 313 of the Emergency Planning and Community Rights-to-know-Act (EPCRA) created the Toxic Release Inventory (TRI) program. Under the requirement of EPCRA, all USA facilities that meet TRI reporting criteria must submit TRI data to the Environmental Protection Agency (EPA) and the relevant state government by 1^st July of each year. EPA investigates the cases of EPCRA non-compliances leading to civil penalties, including monetary fines.

 

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Bio-based Food Grade Lubricants Market

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3 Key Insights on Nearly $7 Bn Opportunity in the Global Agricultural Pumps Market

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Global Food Grade Lubricants Market Research Report: Ken Research

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Food grade lubricant is a specific group of industrial lubricants, which is generally used to reduce the wear & tear caused by friction, corrosion, and chemical oxidation on the industrial machinery. Food grade lubricants encompass HI, H2, and H3 lubricants, in which HI lubricants are usually used as anti-corrosion sealing films approved for incidental food contact in the food packaging environment.

Food grade lubricants resist the degradation of food products and exhibit neutral chemical-behavior toward the food processing equipment as well as food packaging materials while complying with food or health safety regulations. Food grade lubricants can be generally derived from petroleum or synthetically manufactured. Based on base oil, food grade lubricants can be categorized into synthetic oil based, mineral oil based, and biobased. Food grade lubricants play a vital role in the food industry owing to the favorable properties of aluminum complex thickened grease for instance water resistance, high temperature resistance, and chemical inertness toward food processing equipment. Food grade lubricants are mainly used in pharmaceutical, food & beverage, and cosmetics industries.

Referring to the study, Global Food Grade Lubricants Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread). Some of the key companies operating in the global food grade lubricants market include Kluber Lubrication Munchen SE & Co. KG, Petro-Canada Lubricants Inc., Royal Dutch Shell Plc., Total S.A., FOOMA JAPAN, Fuchs Petrolub SE, BP JAPAN K.K., Exxon Mobil Corporation and among others.

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Based on types, food grade lubricants market can be segregated as synthetic oil and mineral oil. Synthetic oil includes PAG (Polyalkylene Glycol) and PAO (Polyalphaolephins). Synthetic oil segment dominates the global market owing to superior performance characteristics compared to its counterparts. Mineral oil food grade lubricants are generally used segment as they are very cheaper and readily available. In addition, based on application, market can be segregated as pharmaceuticals & cosmetic, beverages and food. Additionally, the food industry is expected to witness higher growth rate due to strict food safety regulations across the developed & developing countries during the forecast period.

Availability of food grade lubricant in aerosol & foam, followed by stringent policies by government and expansion of food, beverages, and pharmaceutical industries are some major factors, which are responsible for growth of the food grade lubricants market. Apart from this, lack of proper training and awareness may impact the market. Moreover, adoption of synthetic-based food grade lubricants and increase in bio-based food grade lubricants are leading opportunities for global market.

Based on regional analysis, the Europe region holds major share in global food grade lubricants market owing to stringent food safety measures by the government and rise in demand for food-grade lubricants across the region. The Asia-Pacific and North-America regions are estimated to witness higher growth rate due to increase in awareness of the food industry and rise in consumer health consciousness over the forecast period. It is projected that future of the global food grade lubricants market will be bright on account of increase in applications in the food & beverage industry during the forecast period.

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Global Food Grade Lubricants Market

Related Reports:-

Global Food Grade Lubricants Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025

(COVID Version) Global Food Grade Lubricants Market Status (2016-2020) and Forecast (2021E-2026F) by Region, Product Type & End-Use

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