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Food Grade Lubricants Market

Food Grade Lubricants Market By Base Oil (Mineral Oil, Synthetic Oil, Bio-Based Oil), Application (Food & Beverages, Pharmaceuticals & Cosmetics and Others) & Region - Forecast to 2022-2032

Market Insights on Food Grade Lubricants covering sales outlook, demand forecast & up-to-date key trends

Food Grade Lubricants Market Overview

The food grade lubricants market is projected to record a CAGR of 6% from 2022 to 2032.

“Lubricants are in use in industries since the period of mechanization. Historically it has been obtained from mineral based lubricants. But in recent times there has been an emerging trend of using food grade lubricants in food and beverage industries as well as food grade lubricants for pharmaceuticals.”

Food grade lubricants are a group of industrial lubricants used to reduce the wear and tear caused by corrosion, friction, and chemical oxidation on industrial machinery.

Sometimes, these lubricants can be employed to prevent and reduce electrical resistivity while increasing thermal conductivity. Food grade lubricants find their application mostly in the food and beverage and pharmaceutical industries since they do not pose any physiological threat or affect the odour and taste of finished products from these companies.

Attributes

Details

Food Grade Lubricants Market Value in 2020

US$ 230 Mn

Food Grade Lubricants Market CAGR (2022-2032)

6%

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What are the Key Food Grade Lubricants Market Trends?

“With the growing concern about the health hazards of mineral oil based lubricants, there has been an increase in popularity of different food grade lubricants, according to base oil such as H1 Lubricants, H2 Lubricants, 3H Lubricants and H3 Lubricants.”

Life in the 21st century has evolved, and people are towards a convenient lifestyle. Time and skill are two great things that are driving the world towards this change.

While the number of individuals lacking time or ability to prepare food in their homes is increasing, a higher number of people who have both the time and skill are currently searching for preservatives that can be used in the storage of their already prepared food.

Regardless of the time and skills, both groups of individuals require food-grade lubricants directly or indirectly. As the group with time and ability will need food-grade oils to maintain the taste of their foods, the convenience food market will also need to preserve their already prepared meals required to serve the group lacking time and ability.

This force is a global driving force, owning to the fact that it influences both consumers and other global markets. This force has been driving the market before now, and it’s estimated to continue with the trend within the forecast period, and afterward.

The shift towards the use of synthetic oil-based lubricant is one factor that has fuelled the growth of this industry. Synthetic oil-based lubricants have proven to be as effective as the conventional mineral oil when compared on based on performance. Its ability to resist heat, maintain corrosion steadiness and sturdiness is equivalent to that of mineral oil.

In addition to this property, synthetic oil-based lubricants create greater alertness amongst lubrication engineers. This property, in conjunction with the first and strict rules given by governments regarding food security, are factors likely to potentially raise the demand for food-grade lubricants within the duration of forecast.

In the next few decades, the Asia Pacific region are estimated to experience a rapid growth in the food grade lubricants markets since awareness about food safety is increasing in countries like China and India. Governments of these two countries are also expected to enact laws regarding food safety in both countries of the Asia Pacific region and other regions.

The positive outlooks towards processed convenience food consumption in coupled with rise in consumer health consciousness are key factors that should drive the growth of this industry in the North America region, especially the US since it has the largest market size within this region.

Nandini Roy Choudhury
Principal Consultant
LinkedIn
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 What are the Opportunities and Restraints for the Food Grade Lubricants Market?

“Among different lubricants used in food and beverage sectors, food grade lubricant for compression machines is gaining popularity.”

With the increase in demand for food products such as oilseed, meat, dairy, and beer by consumers globally, food and beverage processing machinery will be faced with an increase in the workforce, which often causes the wear and tear of industrial equipment.

Food and beverage industries are ramping up the production of food-grade lubricants to help maintain this industrial equipment. And the outcome of this will act as a boost for the market.

Investments on research spending leading to product innovation along with increase in demand for biodegradable products owing to the concern for environmental safety will like boost the market. However, the lack of knowledge and awareness among users may affect the growth of the industry.

In addition to this, lubricants tend to degrade, and cause growth of microbial thereby causing the declination in market growth.

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Key Segments

Attributes

Details

Forecast period

2022 -2032

Historical data available for

2015 - 2020

Market analysis

US$ Mn for Value

By Base Oil

  • H1 Lubricants
  • H2 Lubricants
  • 3H Lubricants (releasing agents)
  • H3 Lubricants (soluble oils)
  • Others

By End-Use Application

  • Food-Bakery
  • Sugar
  • Dairy
  • Meat, Poultry and Seafood
  • Others
  • Beverages
  • Pharmaceuticals & Cosmetics
  • Others

By Region

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific excluding Japan
  • Japan
  • Middle East and Africa (MEA)

Key Players

  • Fuchs Petrolub SE
  • Illinois Tool Works Inc.
  • Kluber Lubrication Munchen
  • SE & Co. Kg
  • Petro-Canada Lubricants Inc.
  • Total S.A.
  • AB SKF
  • BP PLC
  • Chemtura Corporation
  • Exxon Mobil Corporation

Frequently Asked Questions

The food grade lubricants market is anticipated to register a CAGR of 6% from 2022 to 2032.

The top global companies in the food grade lubricants market are Fuchs Petrolub SE, Illinois Tool Works Inc., Kluber Lubrication Munchen, SE & Co. Kg, Petro-Canada Lubricants Inc., Total S.A, AB SKF, BP PLC, Chemtura Corporation, and Exxon Mobil Corporation.

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Nandini Roy Choudhury
Principal Consultant
LinkedIn
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Food Grade Lubricants Market