Market Research Report
Food Grade Lubricants Market by Type, (Mineral Oil and Synthetic), Form (Oil and Grease), and Application (Food, Beverages, Pharmaceuticals, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030
|Food Grade Lubricants Market by Type, (Mineral Oil and Synthetic), Form (Oil and Grease), and Application (Food, Beverages, Pharmaceuticals, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030|
Published: July 1, 2021
Allied Market Research
Content info: 250 Pages
Delivery time: 2-3 business days
Food-grade lubricants perform same functions as any other lubricant, including but not limited to providing protection against friction, corrosion, wear, and oxidation, dissipating heat power transmission as well as providing a sealing effect in some cases. However, food grade lubricants are considered safe for incidental contact with items that are consumed by animals or humans as long as they do not exceed a certain concentration.
Food & beverages processing industries are the ecosystem that helps in feeding the global population. These processing industries are behind-the-scenes enabler that seamlessly and effectively processes food from farm to the plate. The global market for processed food along with cosmetic and pharmaceuticals has experienced upsurge in demand in the recent years. From the impact of advanced robotics and process automation to growing demand for organic, natural, and clean label products, these industries are undergoing rapid transition. Amid evolving customer needs, demographic change and innovation, the outlook for above industry sectors seems optimistic and will continue to witness strong growth in the years ahead. Population expansion in developing countries coupled with rise in standard of living and urbanization augments the above said industries. Growing F&B, cosmetics, and pharmaceutical industries demand for lubricating the machines will witness robust growth in the coming years. In addition, demand for food grade lubricants has increased gradually as these lubricants are harmless even if they get in contact with food, medicines, and cosmetic products been processed. Growing adoption of food grade lubricants by myriad of industries to ensure product safety and standard drives the global market.
Most food grade lubricants used in the market are petroleum-based. As petroleum is a finite resource, it may not be available in the future for making products such diesel, lubricants, and gasoline. Food grade lubricants are mostly made from a product known as white oil, which is obtained during the distillation of petroleum. The constant use of petroleum for different applications is rapidly decreasing the petroleum reserves available for usage. The distillation process of petroleum also causes high levels of pollution, which is very harmful to the environment. Furthermore, petroleum-based lubricants have shorter life span. Petroleum-based lubricants reduce the environmental sustainability and harm the environment. Such ecological, rheological, and limited raw material constraints challenge the overall market expansion.
The global food grade lubricants market is segmented on the basis of type, form, application, and region. Based on type, the global market is bifurcated into mineral oil and synthetic. By form, the market is divided into oil and grease. Based on application, the global market is studied across food, beverages, pharmaceuticals, and others.
The grade food grade lubricants market is studied across North America, Europe, Asia-Pacific, and LAMEA. North America led in terms of market share in 2020. However, Asia-Pacific is estimated to grow with significant growth during the forecast period, owing to growing food processing industries, increasing product cognizance, and changing food safety standards. Japan along with India and China is expected to witness increased adoption of food grade lubricants in the coming years.
Some of the major players profiled for in the food grade lubricants market analysis include Brit-Lube, Clearco Products Co., Inc, Freudenberg Group, Fuchs Group, HollyFrontier Corporation, Hydrotex Lube, Interflon, Lubriplate Lubricants Company, Metalube, and SKF Group. Other prominent players analyzed in the report are BP PLC, International Products Corporation, David Weber Oil Co, Exxon Mobil Corporation, Total Specialties, Condat, and Repsol.
Food Grade Lubricants Market Segments