Food Grade Lubricants Industry Size, Growth, Demand, Opportunities and Forecast By 2029
Food Grade Lubricants Industry Size, Growth, Demand, Opportunities and Forecast By 2029
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.
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.
 
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.
 
 
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),
 
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
  • Mineral oil
  • Synthetic 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.
 
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About Data Bridge Market Research:
 
An absolute way to predict what the future holds is to understand the current trend! Data Bridge Market Research presented itself as an unconventional and neoteric market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are committed to uncovering the best market opportunities and nurturing effective information for your business to thrive in the marketplace. Data Bridge strives to provide appropriate solutions to complex business challenges and initiates an effortless decision-making process. Data Bridge is a set of pure wisdom and experience that was formulated and framed in 2015 in Pune.
 
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