Food Grade Lubricants Market Size Worth USD 607.11 Million By 2030 at 7.1% CAGR | Polaris Market Research

Food grade lubricants are safe for consumption by humans or animals. These are required for the production of F&B, medicines, cosmetics, and animal/pet nutrition. The classification of food-grade lubricants is H1, H2, and H3. H1 lubricant is used when there is incidental contact with food. H2 lubricant is used when there is no possibility of contacting food. H3 lubricant is used to apply on hooks, trolleys, and similar equipment to prevent rust and keep it clean.

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Covid19 impacts on food-grade lubricant markets are remarkable. The food grade market is heavily dependent on the F&B industry for its growth. Lockdowns in several countries adversely affected the industry. However, easing restrictions subsequently and being classified as essential services, grow the market rapidly in coming years. The rising consumption of processed food and beverages is one of the major factors driving the growth of the market.

Food Grade Lubricants Market: Growth Drivers
The bio-based grade lubricant is assembled with the foundation of white oil, a product procured from the purification of petroleum. The advantage of petroleum for lubricant production is not sustainable and feasible. The growing cognizance about the safety of food in the countries such as India and China is driving the expansion of the food-grade lubricants market.

The governments of these countries are focusing on introducing food safety laws, which are also expected to boost the sales of food grade lubricants in the localized market. The rising adoption of vegetable and grain-based oil in the production of emollients due to its natural property is propelling the market sales of food-grade lubricants. The rising usage of bio-based emollients by the environmentally conscious companies in food grade lubricants market is additionally creating significant opportunities in the industry.

Food grade lubricants Market: Report Segmentation

Insight by Type
By type, it is examined that the mineral oil segment held the largest share in food grade lubricants market in 2021. The mineral oil segment is also likely to maintain its dominance during the forecast period. White oil is traditionally used as a lubricant in many industries. To make the lubricants safe, some industries use supplements, which are less expensive as compared to other synthetic oils. The life of minerals oil is shorter than synthetic oils, and mineral oils have to be changed frequently. Due to this factor, companies more often buy these emollients, thus increasing the sale of mineral-grade lubricants.

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Insight by Application
By application, the food segment has the largest share in the industry. The food grade lubricants industry is classified into food, beverages, pharmaceuticals, and others, and it's by the application. Oils used by these industries are completely nontoxic, seeing that sometimes they make contact with the consumables being produced, which should not make them unfit for consumption. Various companies in the F&B industry are introducing all kinds of edibles and consumables under strict safety and sanitary guidelines. They also ensure the safety of these products in terms of good quality and harmless contaminations.

Geographic Overview: Food Grade Lubricant Market
On a geographical basis, it is expected that the North American region will dominate the global food grade lubricants industry by 2030. The U.S. is leading the regional growth in terms of manufacturing and consumption of the food grade industry. Growing adoption of food-grade lubricants in processing by various companies such as beverages, pharmaceuticals, and cosmetics across this region is flourishing in this regional market growth. The strict policies imposed by the U.S. FDA regarding the production of F&B in the country are one of the major factors driving the growth of the market.

Key Players
The leading global market players include BP PLC, Brit-Lube, Clearco Products Co., Inc, Condit, David Weber Oil Co, Exxon Mobil Corporation, Freudenberg Group, Fuchs Group, HollyFrontier Corporation, Hydrotex Lube, International Products Corporation, Interflon, Lubriplate Lubricants Company, Repsol, and SKF Group.

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Recent Developments
In February 2021, Metalube launched Metachain FG-30 chain oil for use in equipment such as traveling bakery ovens, rolling hotplates, and more.

Food Grade Lubricants Market: By Type Outlook
• Mineral Oil
• Synthetic
• By Form
• Oil
• Grease

Food Grade Lubricants Market: By Application Outlook
• Food
• Beverages
• Pharmaceuticals
• Others

Food Grade Lubricants Market: By Region Outlook
• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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