This Global Food Grade Lubricants market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Global Food Grade Lubricants market.
Food grade lubricants refer to lubricants that are used to maintain the food processing machinery, i.e. it protects the tools and machines from wear and tear. However, since many of them come into direct contact with food, these lubricants used in these machineries need to be different from the usual machine lubricants. In other words, they should not render the food unfit for consumption. With recent advances in the food processing industry, there is now much variety in the machinery used to process each food/beverage category. With growing concern over the food we eat, food processors need to comply with various regulatory frameworks like the Hazard Analysis & Critical Control Points (HACCP). The standards vary from country to country. However, these are internationally accepted standards which are followed by food grade lubricant manufacturers. For instance, the non-profit public health and safety company, NSF International, along with USDA, has set standards for various food grade lubricants.
These days, food safety is the highest priority for the food processors, and they take utmost care to maintain the same. H1 and H2 are the two most common broad spectrum food grade lubricants that are used in machinery involving incidental food contact and no food contact respectively. However, with the drive to produce innovative products in the food processing industry, the demand for customised and high performance food grade lubricants is expected to swell in near future. Food grade lubricants range from hydraulic fluids, oven chain oils, gear oils, compressor oils and vacuum pump oils to specialty lubricants such as can seamer oil. Different processes require different grades of oil. For instance, H3 (soluble oil) is used to prevent rust on trolleys, hooks and similar equipment whereas 3H release agents are used on chopping boards, cutters, grills, loaf pans, boning benches and other such hard surfaces.
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
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.
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Report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America
- Asia Pacific
- Western Europe
- Eastern Europe
- Middle East & North Africa
- Rest of the World
- Detailed overview of parent market
- Changing market dynamics of the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and product offerings
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint