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Food Grade Lubricants Market Analysis

  • Report ID: GMI7234
  • Published Date: Oct 2023
  • Report Format: PDF

Food Grade Lubricants Market Analysis

 

Based on base oil type, the mineral oil segment dominated around USD 210.9 million revenue in 2022, due to their cost-effectiveness, wide availability, and well-established performance characteristics. They are widely used in various food processing applications, owing to their stable properties and compatibility with different machinery.

 

Food Grade Lubricants Market Revenue Share, By Grade, (2022)

 

Based on grade, the H1 Grade segment accounted for 69.66% of the food grade lubricants market share in 2022. H1 lubricants are specifically formulated for applications where there is the possibility of incidental food contact. These lubricants undergo stringent testing to ensure that they do not contaminate food products, making them essential for use in machinery involved in food processing, packaging, and handling. As food safety regulations become increasingly stringent, the demand for H1 grade lubricants continues to rise, driving their dominant market position.

 

Based on application, the market is segmented as Food processing, Beverage production, pharmaceutical manufacturing, Meat, Poultry, and Seafood and Other. Food processing industry held the dominant market in 2022 and is anticipated to grow through the years. Food processing involves various stages such as milling, baking, and canning, where machinery requires lubrication to maintain operational efficiency and hygiene standards. The stringent regulations governing food safety necessitate the use of specialized Food Grade Lubricantss in this segment, thereby driving its significant market share.

 

North America Food Grade Lubricants Market Size, 2020- 2032 (USD Million)

North American food grade lubricants market size held over USD 111.9 million in 2022, driven by the stringent regulatory framework imposed by organizations such as the Food and Drug Administration (FDA) in the United States and the Canadian Food Inspection Agency (CFIA) in Canada. These regulations mandate the use of food grade lubricants in the food processing industry, ensuring compliance with stringent hygiene and safety standards. North America is home to a robust food processing industry, including various sectors such as dairy, meat processing, and baked goods, among others. The continuous expansion of this industry, coupled with the region's strong emphasis on food safety and quality, has significantly contributed to the growing demand for food grade lubricants.

Authors: Kiran Pulidindi, Manish Mohanan

Frequently Asked Questions (FAQ) :

The market size of food grade lubricants reached USD 355 million in 2022 and is poised to cross USD 715.9 million by 2032, led by the expansion of the food processing industry, the emphasis on food safety, and the increasing adoption of automation in food manufacturing processes.

The mineral oil segment generated USD 210.9 million in revenue in 2022, due to their cost-effectiveness, wide availability, and well-established performance characteristics.

North American market size was valued at USD 111.9 million in revenue in 2022, driven by the stringent regulatory framework imposed by organizations such as the U.S. FDA and the Canadian Food Inspection Agency (CFIA) in Canada.

The industry includes Exxon Mobil Corporation, Fuchs Petrolub SE, Klüber Lubrication, TotalEnergies, BP PLC, Chevron, Petro-Canada Lubricants Inc., Ashland Global Holdings, Dow Chemical Company, JAX Inc., SKF, Illinois Tool Works Inc, Elba Lubrication Inc, CRC Industries, and Nye Lubricants.

Food Grade Lubricants Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 18
  • Tables & Figures: 191
  • Pages: 210
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