Food Grade Lubricants Market Set to Surpass USD 6.48 Billion by 2030, Fueled by Increasing Global Demand

"Rising consumption of processed food and beverages propels the Food Grade Lubricants Market, driven by the need for food safety and stringent regulations ensuring quality in the production of consumable products."

The rising consumption of food products such as dairy, meat, and drinks is expected to boost the global market growth of Food Grade Lubricants in the upcoming years. Over the projected period, the growing demand for food-grade greases in various industries, coupled with food safety concerns, is predicted to positively impact the market's growth.

The SNS Insider report indicates that the Food Grade Lubricants Market Size was valued at USD 3.63 billion in 2022, expected to reach USD 6.48 billion by 2030, growing at a CAGR of 7.5% over the forecast period 2023-2030. The food grade lubricants market is experiencing steady growth globally, driven by stringent regulations, increasing food safety standards, and the growing awareness among food manufacturers regarding the importance of lubrication in food processing machinery. These lubricants are specially formulated to ensure compliance with food safety regulations and prevent contamination of food products during processing, packaging, and handling operations. They are used in various food processing equipment such as mixers, conveyors, slicers, ovens, and packaging machines to reduce friction, heat, and wear, thus extending the lifespan of machinery and ensuring smooth operations.

Moreover, stringent regulations imposed by food safety authorities and industry standards organizations, such as the FDA (Food and Drug Administration), NSF International, and European Food Safety Authority (EFSA), mandate the use of lubricants that are specifically designed for incidental contact with food products. This has prompted food manufacturers to adopt food grade lubricants to minimize the risk of contamination and ensure compliance with regulatory requirements. Additionally, the implementation of Hazard Analysis and Critical Control Points (HACCP) systems and other food safety management practices further drives the demand for food grade lubricants as an essential component of preventive maintenance programs in food processing facilities.

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Some of the Key Players Included are:

Chevron Corporation, Kluber SKF, Exxonmobil Corporation, Total Energies SE, BP plc., Lubrication Munchen SE & Co. KG, Petro-Canada Lubricants Inc., FUCHS Petrolub AG, The DOW Chemical Company And Illinois Tools Works Inc., other players.

Market Report Scope:

Food-grade lubricants, essential in the food, beverages, and pharmaceutical industries, ensure safe production by adhering to stringent regulations. Leading players use food-grade lubricants to avoid product recalls, ensuring brand quality. The market growth is further propelled by the adoption of bio-based lubricants, derived from sustainable sources like vegetable and grain-based oils, aligning with the industry's evolving needs.

Market Analysis:

The increasing consumption of processed food and beverages, particularly in emerging nations, is a significant driver for the Food Grade Lubricants Market. Food safety concerns in developing countries further fuel market growth. The food-grade lubricants market growth is driven by bio-based lubricants and the growing availability of food-grade lubricants in aerosol form.

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Segment Analysis:

In the Food Grade Lubricants Market, the mineral product segment dominated with over 62% revenue share due to its cost-effectiveness and suitability for various applications. H1 lubricants led in the grade segment in 2022, offering quality products with the use of heavy metals and zinc. The food application segment held the majority share (63%) in 2022, driven by increased consumption in various food-related industries.

By Type

Synthetic Oil
PAO
PAG
Others
Mineral Oil
Bio-based
 
By Application

Food
Bakery
Dairy
Sugar
Meat, poultry & seafood
Animal feed
Others
Beverages
Pharmaceuticals & Cosmetics
Others
 
By Form

Oil
Grease
 
By Grade

H1
H2
H3
Key Regional Development:

North America is expected to dominate the food-grade lubricant market, led by the U.S., which adheres to strict FDA laws. The region's major beverage, pharmaceutical, and cosmetic companies widely adopt food-grade lubricants. The growth of bio-based products in the U.S. aligns with stringent environmental regulations, driving the demand for food-grade lubricants.

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Key Takeaways:

Rising demand for processed food fuels the global Food Grade Lubricants Market.
Stringent regulations and food safety concerns drive the adoption of food-grade lubricants.
North America leads in market share, driven by the U.S.'s adherence to strict FDA laws.
Bio-based lubricants, derived from sustainable sources, are shaping the future of the market.
Recent Developments:

In September 2023, Petro-Canada enhanced its PURITY FG with MICROL product line, introducing PURITY FG2 with MICROL MAX grease, meeting industry standards and fitting perfectly in HACCP and GMP plans.
In March 2023, ExxonMobil announced a significant investment in a lubricant manufacturing plant in Raigad, Maharashtra, reinforcing its commitment to the industry.

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This release was published on openPR.