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1020324

Global Food Grade Lubricants Market - 2021-2028

Published: | DataM Intelligence | 180 Pages | Delivery time: 2 business days

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Global Food Grade Lubricants Market - 2021-2028
Published: July 28, 2021
DataM Intelligence
Content info: 180 Pages
Delivery time: 2 business days
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  • Description
  • Table of Contents
Description

Food Grade Lubricants Market Overview

The global food grade lubricants market size was worth US$ XX million in 2020 and is estimated to reach US$ XX million by 2028, growing at a CAGR of XX % during the forecast period (2021-2028).

Food-grade lubricants are any industrial lubricant that is considered safe for incidental contact with items that humans or animals may consume.

The shift in consumer preference towards a healthy diet accompanied with rising low cost, high quality, easy to cook and longer shelf-life product demand is likely to drive the processed food industry, results in growth in food-grade lubricant market size.

Moreover, substantial application scope in beverages, cosmetics, animal feed and pharmaceutical industries should drive the growth of the food-grade lubricant market.

Food Grade Lubricants Market Dynamics

Stringent food safety regulations are driving the food grade lubricants market

Unsafe food containing harmful bacteria, viruses or chemical substances causes more than 200 diseases, ranging from diarrhea to cancers. According to the World Health Organization (WHO), an estimated 600 million, i.e., almost 1 in 10 people in the world, fall ill after eating contaminated food, and 420 000 die every year, resulting in the loss of 33 million healthy life years. In addition, children under five years of age carry 40% of the foodborne disease burden, with 125 000 deaths every year.

Moreover, the 2018 World Bank report on the economic burden of foodborne diseases estimated that the total productivity loss associated with foodborne disease in low- and middle-income countries was estimated to cost US$ 95.2 billion per year, and the annual cost of treating foodborne illnesses is estimated at US$ 15 billion.

The International Forum on Food Safety and Trade held in Geneva in 2019 and the International Conference on Food Safety held in Addis Ababa in February 2019 iterated the importance of food safety in achieving the Sustainable Development Goals. Henceforth, access to sufficient amounts of safe and nutritious food is key to sustaining life and promoting good health, increasing the demand for food-grade lubricants.

Increasing demand for processed and convenience foods is driving the food-grade lubricants

The growing affluence and rise in disposable income, especially in countries such as China and India, have led to increased demand for convenience and processed foods. Developed economies have grown significantly in the last few years in terms of food manufacturing. For instance, the US and Germany are advanced in food processing technology.

According to a joint study by Grant Thornton, the UK and the Associated Chambers of Commerce and Industry of India (ASSOCHAM), India, India's food processing sector has the potential to attract $33 billion in investments by 2024 and has a scope for significant investments in food processing technologies and processing equipment. The demand, in turn, has spurred global companies to set up large and mechanized operations. Hence, Asia's food processors invest in new plants and equipment and need appropriate lubricants to ensure that the equipment runs efficiently.

H1 lubricants are used on food-processing equipment as a protective antirust film, release agent on gaskets or seals of tank closures, and as a lubricant for machine parts and equipment in locations where the lubricated part is potentially exposed to food.

Quality concern of food grade lubricants over its standard industrial counterpart is restraining the market

It is believed that food-grade lubricants provide a shorter lubrication interval or a much shorter service life. In addition, the lubricants are not resistant to higher or lower temperatures and are not compatible with plastics and elastomers and thus not meeting the standard industrial lubricants.

However, nowadays, approved food-grade lubricants base oils and additives have been developed to be as good as their conventional industrial counterparts. For instance, Kluber Lubrication, a German company, developed a new NSF H1 lubricant designed for food and beverage facilities. These are capable of performing the same as that a conventional industrial lubricant does. The lubricants are suitable for even higher temperatures or loads and in wash-down environments.

Food Grade Lubricants Market Segment Analysis

The United States Department of Agriculture (US$A) created the original food-grade designations H1, H2 and H3.

H1 lubricants, referred to as "above the line" lubricants, are used on food-processing equipment as a protective antirust film, as a release agent on gaskets or seals of tank closures lubricant for equipment in locations where the lubricated part is potentially exposed to food. Ingredients for use in H1 lubricants are designated HX-1.

Moreover, H2 lubricants are used as a lubricant, release agent or antirust film on equipment and machine parts in locations where there is no possibility of the lubricant contacting edible products. And H3 soluble oils apply to hooks, trolleys and similar equipment to clean and prevent rust.

Manufacturers opt to use an H1-rated lubricant in all scenarios to err on the side of safety. Moreover, advances in lubricant technology mean that H1 lubricants now meet or exceed the performance of H2 and H3 lubricants.

Food Grade Lubricants Market Geographical Analysis

Europe dominates the market for food-grade lubricants due to the high demand application in processed foods from countries like Germany, the UK, and France. Some leading companies producing food-grade lubricants in Europe are CONDAT Group, Dow, Matrix Specialty Lubricants, BV and Clearco Products Co. Inc.

Moreover, in Europe, food and beverages sales increased by 10%, from EUR 110,270 million in 2018 to EUR 120,386 million in 2019, witnessing an increase in the production where the application for the food-grade lubricants is attributed. In addition, according to the EU Food & Drinks Industry, there are about 240,000 food and beverage manufacturing companies in Europe, with the maximum application of food-grade lubricants.

Food Grade Lubricants Market Competitive Landscape

The food grade lubricants market is moderately competitive with presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Lubrication Engineers, Interflon, Condat, Fuchs Petrolub SE, BP PLC, Total S.A., Petro-Canada Lubricants Inc., Exxon Mobil Corporation, Kluber Lubrication Munchen SE & CO. KG, AB SKF, Chemtura Corporation, Illinois Tool Works Inc., Jax Inc. among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the food grade lubricants market globally.

Lubrication Engineers

Overview: Lubrication Engineers is a US-based lubricant manufacturing company. The company is headquartered in Worth, Texas. Lubrication Engineers is a trusted lubrication reliability partner to companies worldwide, with nearly 100 independent consultants across the US and distributors in more than 60 countries.

Product Portfolio: Lubrication Engineers has a broad product portfolio of lubricants, categorized into 18 segments. In food-grade lubrication, the company offers several lubricants in the form of grease, oil and spray.

Key Developments:

  • Lubrication Engineers launched its newest food grade lubricant, H1 Quincal Syn FG Grease, featuring proprietary Quinplex additive and calcium sulfonate complex thickener. It is a high-performance synthetic grease for food manufacturing plants, especially for high temperatures and heavy loads.

Why Purchase the Report?

  • Visualize the composition of the food grade lubricants market segmentation by type, application, distribution channel and region highlighting the key commercial assets and players.
  • Identify commercial opportunities in food grade lubricants market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of food grade lubricants market - level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

The global food grade lubricants market report would provide an access to an approx. 61 market data tables, 52 figures and 232 pages.

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers
Table of Contents
Product Code: DMPC3659

Table of Contents

1. Global Food Grade Lubricants Market Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. Research Objective and Scope of the Report

2. Global Food Grade Lubricants Market - Market Definition and Overview

3. Global Food Grade Lubricants Market - Executive Summary

  • 3.1. Market Snippet by Food Grade
  • 3.2. Market snippet by Product Type
  • 3.3. Market Snippet by End-User
  • 3.4. Market Snippet by Region

4. Global Food Grade Lubricants Market - Market Dynamics

  • 4.1. Market Impacting Factors
    • 4.1.1. Drivers
      • 4.1.1.1. Stringent Food Safety Regulations
      • 4.1.1.2. Increasing Demand for Processed and Convenience Foods
    • 4.1.2. Restraints:
      • 4.1.2.1. Quality Concern of Food Grade Lubricants over Its Standard Industrial Counterpart
    • 4.1.3. Opportunity
    • 4.1.4. Impact Analysis

5. Global Food Grade Lubricants Market - Industry Analysis

  • 5.1. Porter's Five Forces Analysis
  • 5.2. Supply Chain Analysis
  • 5.3. Pricing Analysis
  • 5.4. Regulatory Analysis
  • 5.5. Reimbursement Analysis
  • 5.6. Unmet Needs

6. Global Food Grade Lubricants Market - COVID-19 Analysis

  • 6.1. Analysis of Covid-19 on the Market
    • 6.1.1. Before COVID-19 Market Scenario
    • 6.1.2. Present COVID-19 Market Scenario
    • 6.1.3. After COVID-19 or Future Scenario
  • 6.2. Pricing Dynamics Amid Covid-19
  • 6.3. Demand-Supply Spectrum
  • 6.4. Government Initiatives Related to the Market During Pandemic
  • 6.5. Manufacturers Strategic Initiatives
  • 6.6. Conclusion

7. Global Food Grade Lubricants Market - By Food Grade

  • 7.1. Introduction
    • 7.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Food Grade
    • 7.1.2. Market Attractiveness Index, By Food Grade
  • 7.2. H1 Lubricant*
    • 7.2.1. Introduction
    • 7.2.2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
  • 7.3. H2 Lubricant
  • 7.4. H3 Lubricant

8. Global Food Grade Lubricants Market - By Product Type

  • 8.1. Introduction
    • 8.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 8.1.2. Market Attractiveness Index, By Product Type
  • 8.2. Grease*
    • 8.2.1. Introduction
    • 8.2.2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
  • 8.3. Hydraulic fuel
  • 8.4. Gear Oil
  • 8.5. Others

9. Global Food Grade Lubricants Market - By End-User

  • 9.1. Introduction
    • 9.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
    • 9.1.2. Market Attractiveness Index, By End-User
  • 9.2. Food & Beverage*
    • 9.2.1. Introduction
    • 9.2.2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
  • 9.3. Pharmaceuticals
  • 9.4. Cosmetics
  • 9.5. Others

10. Global Food Grade Lubricants Market - By Region

  • 10.1. Introduction
    • 10.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
    • 10.1.2. Market Attractiveness Index, By Region
  • 10.2. North America
    • 10.2.1. Introduction
    • 10.2.2. Key Region-Specific Dynamics
    • 10.2.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Food Grade
    • 10.2.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 10.2.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
    • 10.2.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 10.2.6.1. U.S.
      • 10.2.6.2. Canada
      • 10.2.6.3. Mexico
  • 10.3. Europe
    • 10.3.1. Introduction
    • 10.3.2. Key Region-Specific Dynamics
    • 10.3.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Food Grade
    • 10.3.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 10.3.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
    • 10.3.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 10.3.6.1. Germany
      • 10.3.6.2. U.K.
      • 10.3.6.3. France
      • 10.3.6.4. Italy
      • 10.3.6.5. Spain
      • 10.3.6.6. Rest of Europe
  • 10.4. South America
    • 10.4.1. Introduction
    • 10.4.2. Key Region-Specific Dynamics
    • 10.4.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Food Grade
    • 10.4.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 10.4.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
    • 10.4.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 10.4.6.1. Brazil
      • 10.4.6.2. Argentina
      • 10.4.6.3. Rest of South America
  • 10.5. Asia Pacific
    • 10.5.1. Introduction
    • 10.5.2. Key Region-Specific Dynamics
    • 10.5.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Food Grade
    • 10.5.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 10.5.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
    • 10.5.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 10.5.6.1. China
      • 10.5.6.2. India
      • 10.5.6.3. Japan
      • 10.5.6.4. Australia
      • 10.5.6.5. Rest of Asia Pacific
  • 10.6. Middle East and Africa
    • 10.6.1. Introduction
    • 10.6.2. Key Region-Specific Dynamics
    • 10.6.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Food Grade
    • 10.6.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 10.6.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User

11. Global Food Grade Lubricants Market - Competitive Landscape

  • 11.1. Competitive Scenario
  • 11.2. Market Positioning/Share Analysis
  • 11.3. Mergers and Acquisitions Analysis

12. Global Food Grade Lubricants Market- Company Profiles

  • 12.1. Lubrication Engineers*
    • 12.1.1. Company Overview
    • 12.1.2. Product Portfolio and Description
    • 12.1.3. Key Highlights
    • 12.1.4. Financial Overview
  • 12.2. Interflon
  • 12.3. Condat
  • 12.4. Fuchs Petrolub SE
  • 12.5. BP PLC
  • 12.6. Total S.A.
  • 12.7. Petro-Canada Lubricants Inc.
  • 12.8. Exxon Mobil Corporation
  • 12.9. Kluber Lubrication Munchen SE & CO. KG
  • 12.10. AB SKF

LIST NOT EXHAUSTIVE

13. Global Food Grade Lubricants Market - Premium Insights

14. Global Food Grade Lubricants Market - DataM

  • 14.1. Appendix
  • 14.2. About Us and Services
  • 14.3. Contact Us