Food Grade Lubricants Market to Reach $481.36 Million by 2030, Fueled by Stringent Food Safety Regulations

Food Grade Lubricants Market Report Scope and Research Methodology:

The report provides an in-depth analysis of the global food grade lubricants market, covering market dynamics, segmentation, regional landscape, and competitive scenario. It aims to offer a comprehensive overview to industry stakeholders.

Robust research methodologies, including PORTER and PESTEL analysis, have been employed to understand the market's micro-economic factors and their potential impact.

Market Values:

The Global Food Grade Lubricants Market, valued at US$ 288.26 million in 2023, is projected to witness significant growth, reaching nearly US$ 481.36 million by 2030. The market is expected to grow at a robust CAGR of 7.6% during the forecast period from 2024 to 2030.

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Market Drivers

Stringent food safety regulations mandating use of food-grade lubricants to prevent contamination
Expansion of food and beverage industries, as well as pharmaceutical and cosmetic sectors
Increasing availability of food-grade lubricants in aerosol form
Changing consumer preferences toward healthy diets

Market Restraints

Lack of awareness and understanding about food-grade lubricant regulations in emerging economies
Performance issues with certain grades of food-grade lubricants, like H1
Challenges in finding biodegradable and eco-friendly lubrication materials

Regional Insights

Europe led the market with a 35% share in 2023, driven by stringent food safety standards
Asia-Pacific is expected to experience robust growth of 37% during the forecast period
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What is Food Grade Lubricants Market Segmentation:

by Grade

H1
H2
H3

By Level, The H1, H2, and H3 Lubricants are the subsegments of the global market. In 2023, H1 Lubricants had the highest market share of 37% in the Food Grade Lubricants category.This may be explained by the fact that H1 lubricants are the recommended grade and contain zinc and heavy metals, which contribute to the high quality of the products.Synthetic base oils such as polyalphaolefins, polyalkylene glycol, and ester, along with additive packages, are what give H1 Lubricants its superior performance. This aids in preserving the food's temperature, viscosity, and quality.

by Base Oil

Mineral Oil
Synthetic Oil

Synthetic and Mineral Oil are the two subsegments of the Globalmarket Food Grade Lubricants Market based on Base Oil. Mineral oil lubricants are composed of white oil with a petroleum foundation, whereas synthetic oils are highly processed and chemically changed from silicone and white oil. In 2023, mineral oil lubricants will have the largest market share-61.0%. The most widely used lubricants are food grade mineral oils since they are easily accessible and less expensive. Because it performs better than its competitors, the synthetic sector is anticipated to increase in market share over the course of the projection period. In 2023, Synthetic accounted for the greatest portion of the market with 52%. Based on performance, synthetic oil-based lubricants have shown to be just as effective as conventional oil.

by Application

Food
Beverages
Pharmaceutical & Cosmetic
Others

The market is divided into the following industries: food, beverages, pharmaceuticals, cosmetics, and others. In terms of market share, the food industry is in the lead. The food segment is expected to grow at a compound annual growth rate of 6.9% between 2024 and 2030. Food-grade lubricants are mostly used in beverages, which accounted for 54.3% of the market in 2023. In terms of applications, the pharmaceutical and cosmetic areas are the most expansive. The Pharmaceutical & Cosmetics segment held a 19.54% market share in 2019 and is anticipated to increase by around 26.7% over the 2024-2030 projection period.

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Who are Food Grade Lubricants Market Key Players:

1. Condat Lubrifiants
2. Petro-Canada Lubricants Inc.
3. Nye Lubricants Inc.
4. Exxon Mobil Corporation
5. BP PLC
6. Royal Dutch Shell Plc
7. Kluber Lubrication
8. Fuchs Petrolub SE
9. Freudenberg Group
10. Fuchs Group
11. Holly Frontier Corporation
12. Hydrotex Lube
13. Interflon
14. Lubriplate Lubricants Company
15. Metalube
16. SKF Group

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Table of content for the Food Grade Lubricants Market includes:

Global Food Grade Lubricants Market: Research Methodology
Global Food Grade Lubricants Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Global Food Grade Lubricants Market: Competitive Analysis

MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

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