Food Grade Lubricants Market

Global Food Grade Lubricants Market Size (2024 To 2032)

The size of the global food grade lubricants market is expected to be worth USD 258.04 million in 2024 and grow at a CAGR of 5.60% from 2024 to 2032 to achieve USD 399.02 million by 2032.

The Global Food Grade Lubricants Market is projected to have the highest market revenue owing to the increasing expansion of pharmaceutical firms and food & beverage industries, Strict rules and regulations by the government, and the availability of food-grade lubricant in aerosol drives the global grade lubricants market share during the forecast period. Food grade lubricants are majorly used for the packaging and processing of food. These are used under low temperatures. Food grade lubricants perform several technical functions, including protection against wear, corrosion, friction, and oxidation. It is also compatible with rubber and other sealing materials.

Additionally, it provides a sealing effect in some cases. Food grade lubricants are industrial lubricants that must be tasteless, odorless, physiologically inert, and colorless. These are strictly regulated than any other lubricants since these are widely used in the food & beverage industries. These are also used in various parts, such as gear, compressor, chain, and hydraulic oils. Compared to other lubricants, food-grade lubricants are comprised of additives and base stocks. These are formulated depending on their various fields of application, including slow or fast running machinery at low or high temperatures, under high pressure, and in humidity. Some of these characteristics of food-grade lubricants make the GLOBAL FOOD-GRADE LUBRICANTS MARKET HOLD THE LARGEST MARKET SHARE.

MARKET DRIVERS

The increasing availability of food-grade lubricants in aerosol is one of the major drivers that help increase the global food-grade lubricants market size.

Apart from this, the expansion of food & beverage sectors, pharmaceutical industries, and strict rules and regulations imposed by the government are also the predominant factors merged in boosting the global food grade lubricants market growth during the forecast period. Food grade lubricants comprise H1, H2, and H3 lubricants, in which H1 lubricants are used as anticorrosion protective films for sealing that are approved for incidental contact with food in the food packaging environment. Furthermore, H2 lubricants are supported in locations that do not carry lubricating parts that come into contact with food. In contrast, H3 lubricants are applied on rocks, conveyor belts for the prevention of corrosion. These are some of the factors that create new avenues of growth for the global food-grade lubricants market.

MARKET RESTRAINTS

The minimum awareness of low products, complacent rules & regulations regarding manufacturing in emerging economies, product misconceptions, and petroleum-based food-grade lubricants degrades the global food grade lubricants market demand in the future. However, lubricants tend to degrade and may cause the growth of microbial that tends to restrain the global food grade lubricants market growth.

MARKET CHALLENGES

The restrictions to the chemical composition of H1 lubricants to make them safe may distantly impact the performance of the components they lubricate, which adversely acts as a significant challenge for the global food-grade lubricants market. The chemical requirements for food-grade lubricants are typically not suitable for bio-degradable and eco-friendly lubrication materials. Less knowledge and lack of understanding of food-grade lubricants rules & regulations and the performance issue of H1 lubricants coupled with rising production and extreme operating conditions in food processing applications are some of the factors that may hinder the global food grade lubricants market in the upcoming years.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Food Grade Lubricants Market Analysis By Form

Based on form, the global food grade lubricants market is projected to grease, oil, and others. Lubricant oil form tends to dominate the global food grade lubricants market and continue its dominancy in the future. Lubricant Oil is a viscous liquid used for several applications that need a greater penetration level, with no risk of excessive leakage. It is also used to reduce friction and wear & tear in the machinery. Coming to grease, it is utilized in open to air systems and does not require deep penetration since it is a semi-solid lubricating agent.

Global Food Grade Lubricants Market Analysis By Type

Depending on the type, the global food grade lubricants market is segmented into synthetic and mineral oil. Mineral oil tends to hold the superiority level in the food grade lubricants market growth since it is made from petroleum-based white oil and is cheaper and readily available. However, synthetic type is projected to have a significant global food grade lubricants market share in the next six years due to its characteristics, including performance in temperature conditions, oxidation stability, and durability. 

Global Food Grade Lubricants Market Analysis By Application

Based on application, the food grade lubricants market is segmented into beverage, food, pharmaceuticals, and others. Among these applications, the Food industry tends to hold a significant dominance in the global food grade lubricants market due to the increasing growth of food processing firms and stringent rules and regulations regarding food safety measures in emerging economies.

REGIONAL ANALYSIS

Europe holds the largest food-grade lubricants market share owing to the increasing demand for food-grade lubricants and strict food safety measures by the government. Moreover, the Asia Pacific region is estimated to hold the highest CAGR during the forecast period due to the increasing awareness of the food industry. On the other hand, the North America food-grade lubricant market tends to be the second fastest-growing in the future, and the Middle East & Africa food-grade lubricant Market tends to grow with a significant CAGR, respectively during the forecast period owing to the increasing utilization of food lubricants by the food industries. 

KEY PLAYERS IN THE FOOD GRADE LUBRICANTS MARKET 

The companies covered in the report include Exxon Mobil Corporation, BP PLC, Royal Dutch Shell Plc, Fuchs Petrolub SE, Kluber Lubrication Munchen SE & Co. KG , Petro-Canada Lubricants Inc and Others.

RECENT HAPPENINGS IN THE MARKET

Fuchs Petrolub SE announced its acquirement of food-grade lubricants from Shell International Petroleum. Its acquisition also includes customer base, product technology, and the global CASSIDA brand. However, acquiring Shell makes Fuchs Petrolub SE expand its range in food-grade lubricants and become the largest supplier in the market.

DETAILED SEGMENTATION OF THE GLOBAL FOOD GRADE LUBRICANTS MARKET INCLUDED IN THIS REPORT

This research report on the global food grade lubricants market has been segmented and sub-segmented based on form, type, application, and region.

By Form

• Grease
• Oil
• Others 

By Type

• Synthetic 
• Mineral Oil 

By Application

• Beverage
• Food
• Pharmaceuticals
• Others

By Region

• North America
• Europe
• The Asia Pacific
• Latin America
• The Middle East and Africa