Press release
Latest Trends in Global Food-Grade Greases Market
The Food Safety and Modernization Act (FSMA), which was put into effect by the FDA because they feel this can be avoided, was created to address this.
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The primary goal of the FSMA is to prevent and not just treat foodborne illness.
This can be accomplished, for example, by observing the lubricants that, until recently, contained particularly poisonous substances like barium, lithium, and black graphite and were utilized in the production and maintenance of machinery.
The certification mandates that lubricants used in sectors including the food industry display a certification symbol on their labels and packaging.
GLOBAL FOOD-GRADE GREASES MARKET SIZE AND FORECAST
The Global Food-grade Greases market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
NEW PRODUCT LAUNCH
IKV introduced a new NSF 3H grease for the food, pharmaceutical, and food packaging industries. IKV manufactures a broad line of food-grade lubricants, all of which have the NSF H1, H2, H3, and 3H classification.
Lubricants used in food processing and manufacturing must be completely non-toxic and adhere to rules for non-food components used in food production and food packaging facilities.
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The new grease is registered NSF 3H by the NSF for use in both direct contact applications (Class 3H) and where there is a possibility for incidental food contact (Classes H1 and HT1) - NSF 3H Registration number.
It is a very high performance, extreme pressure lubricant that was especially formulated for the lubrication of equipment used in the food and beverage processing and packaging sectors.
COMPANY PROFILE
Motion Industries Inc
MAXPRO Technologies Inc
Lubrication Engineers
Sonneborn LLC
CRC Industries Inc
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THIS REPORT WILL ANSWER FOLLOWING QUESTIONS
How many Food-grade Greases are manufactured per annum globally? Who are the sub-component suppliers in different regions?
Cost breakup of a Global Food-grade Greases and key vendor selection criteria.
Where is the Food-grade Greases manufactured? What is the average margin per unit?
Market share of Global Food-grade Greases market manufacturers and their upcoming products.
Cost advantage for OEMs who manufacture Global Food-grade Greases in-house.
key predictions for next 5 years in Global Food-grade Greases market.
Average B-2-B Food-grade Greases market price in all segments.
Latest trends in Food-grade Greases market, by every market segment.
The market size (both volume and value) of the Food-grade Greases market in 2023-2030 and every year in between?
Production breakup of Food-grade Greases market, by suppliers and their OEM relationship
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