Global Food Grade Lubricants Market

Cutting edge equipment technology has always been the driver of the processed food industry and vice-versa. The demand for food grade lubricants is increasing with the increase in the size of the processed food industry worldwide, as well as proliferating food safety laws. All the major companies adhere to food safety laws in order to avoid product recalls and penalty fees. The trend is more prominent in developed countries such as the U.S., U.K, Canada, Norway, Germany, France and Italy. These countries, along with other developed countries, are expected to remain the main target market during the forecast period. Developing countries such as China, Brazil, India and South Africa are expected to grow at a slower rate with regard to food grade lubricants.

The market can be segmented by type into H1 lubricants, H2 lubricants, 3H (releasing agents), H3 (soluble oils) and others. Geographically, the market can be segmented into Asia Pacific, North America (U.S., Canada and Mexico), Western Europe, Eastern Europe, Middle East and North Africa, and the Rest of the World (Latin America and South Africa). These lubricants are used in bakeries, the beverage industry, meat processing, pharmaceuticals, confectionery, and fruit and vegetable processing.

The largest market by type worldwide is that of H1 food grade grease which can be used in variety of processes. It can be either petroleum based or synthetic in composition. Aluminium complex thickened grease is the most common and widely used lubricant as it can withstand high temperatures, is very water resistant, and is an important component in food & beverage processing equipment because of post shift equipment wash downs.

Currently, North America is the largest market for food grade lubricants as USDA (The United States Department of Agriculture) has laid down stringent food safety laws for food processors. However, countries like India, China, Australia, New Zealand, Japan, South Africa and Brazil are potential growth drivers as a large number of American companies have set up manufacturing units in these emerging markets. The European market is relatively less regulated in food grade lubricants and lacks proper laws pertaining to the same.

Some of the players of the food grade lubricant market are ITW ROCOL, Bel-Ray Company LLC, Lubriplate Lubricants Company, Schaeffer Manufacturing Co. and Suncor Energy Inc. among others.

The research report presents a comprehensive assessment of market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to  market segments by type as H1 lubricants, H2 lubricants, 3H (releasing agents) and H3 (soluble oils) & others and recent development in technologies.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.