USD 395.96 million
Food Grade Lubricants Market Size, Share, Growth Analysis, By Application(Food (Bakery, Confectionery, Dairy, Meat), By Form(Oil and Grease), By Type(Mineral, Synthetic and Bio-based), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15A2122 |
Region:
Global |
Published Date: July, 2024
Pages:
184
|Tables:
99
|Figures:
77
Food Grade Lubricants Market Insights
Food Grade Lubricants Market size was valued at USD 390 Million in 2023 and is poised to grow from USD 423.8 Million in 2024 to USD 813.9 Million by 2032, growing at a CAGR of 0.085 during the forecast period (2025-2032).
The increasing consumption of processed foods and beverages is anticipated to be the main factor driving the demand for food-grade lubricants. The demand for lubricants from end-use sectors including food, beverage, pharmaceuticals, cosmetics, and others is likely to increase throughout the projected period. Also, it is anticipated that consumption of items like dairy, meat, and beverages will increase throughout the forecast period.
The integrated lubricant producers, which provide a consistent supply of raw materials to make the additives and mineral oils required for the production of lubricants, include significant oil and gas firms like British Petroleum, Total SA, and Exxon Mobil Corporation. Yet, other lubricant producers have binding agreements with both suppliers and producers of raw materials. With the help of this tactic, these businesses are able to minimize the effects of price changes and time wastage when acquiring these goods.
In several industries, such as the food and automotive industries, bio-based lubricants have come to be recognized as an alternative to conventional petroleum-based products. They come from either vegetable or animal fats. Natural oils undergo esterification, transesterification, and oxidation chemical modifications to create enhanced bio-lubricants. Compared to mineral oils, natural oils are more readily available, less expensive, and have superior biodegradability. Sunflower, canola, soybean, and rapeseed oil high oleic variations are currently the norm for base oils in biodegradable greases.
The market for bio-based lubricating goods is expanding quickly. Due to strict environmental protection laws and growing consumer awareness in the region, North America and Europe have become the biggest users of these items. On the other hand, Asia Pacific dominates the market for synthetic lubricants while trailing in the bio-lubricants sector. The regulatory frameworks in the Asia-Pacific area have begun to resemble those in the United States and Europe, and nations like Japan and South Korea are placing a great focus on eco-friendly lubricants.
US Food Grade Lubricants Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Mineral
Fastest Growth
Mineral
Growth Rate
7.51% CAGR
Global Food Grade Lubricants Market ($ Mn)
Country Share for North America Region (%)
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Food Grade Lubricants Market Segmental Analysis
Global Food Grade Lubricants Market is segmented based on Product, Application, Form and region. Based on Product the market is segmented Mineral, Synthetic, Bio-based. Based on Application the market is segmented into Food (Confectionery, Dairy, Meat, Poultry, Bakery, Seafood, Sauces & Dressings, Others), Beverage (Fruit Beverages, Sports Drinks, Carbonated Soft Drinks, Alcoholic Beverages, Others), Pharmaceuticals, Cosmetics and Others. Based on Form the market is segmented into Oil and Grease. Based on region the global Food Grade Lubricants Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Food Grade Lubricants Market Analysis by Product
In 2021, the mineral product sector held a commanding 61.0% revenue share of the market for food-grade lubricants. For machinery like hydraulic systems that run at temperatures between 120°F and 150°F, mineral food grade lubricant is preferable. Because of their low cost, mineral-based lubricants are expected to continue to be in high demand across a range of industries, including food, beverage, cosmetics, and others.
In terms of volume and revenue, synthetic-based lubricants surpassed petroleum-based lubricants in 2021. High performance in both extremely low and high temperatures require synthetic lubricants, which are favored. These items have no harmful effects and have no flavor, color, or odor. It aids in lowering downtime and provides superior corrosion and wear protection for metal surfaces. As a result, it is anticipated that the sum of all the aforementioned variables will significantly increase demand for various synthetic product kinds during the forecast period.
Food Grade Lubricants Market Analysis by Application
The market for food-grade lubricants was dominated by the food application sector in 2021 with a 62.2% revenue share. The product's growing use in sauces, dressings, dairy, meat, poultry, and seafood, among other applications, is what accounts for its substantial market share. Due to consumers' growing awareness of and preferences for high-quality meat qualities, the worldwide meat, poultry, and seafood industries are expected to grow.
The consumption of the product in carbonated soft drinks (CSD), fruit drinks, functional drinks, sports drinks, alcoholic drinks, and other applications is included in the beverage category. The market for alcoholic beverages is being significantly fueled by a considerable increase in demand from the millennial demographic around the world. The demand for fruit beverages is being driven up by the increasing significance of living a healthy lifestyle. Also, growing worries about a range of health problems, such as obesity and nutritional deficiencies, are predicted to increase demand for fruit beverages and raise the cost.
In pharmaceutical applications, food-grade lubricants that have been approved by regulatory bodies like the FDA and ISO are employed. The pharmaceutical business is expected to expand as a result of rising health concerns and rising R&D spending for new product innovation. This is therefore expected to lead to an increase in the demand for the product in the near future.
Global Food Grade Lubricants Market By Product
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Food Grade Lubricants Market Regional Insights
The biggest source of Asia Pacific rising demand for food-grade lubricants is China quick industrialization. China has risen to prominence as a manufacturing nation in the past ten years. China and India are attracting attention as a new growing market that is following in the footsteps of the BRIC markets. With the food and beverage sector as its core, it keeps on growing steadily. Demand for food-grade lubricants is anticipated to be driven by the growth of bio-based goods in the U.S. as a result of the region's strict regulatory standards against environmental deterioration. The U.s has been using high-quality food-grade lubricants with longer oil drain intervals for decades. This has led to lower consumption and improved efficiency.
Europe dominated the market for food-grade lubricants in 2021 with a 42.0% sales share. A CAGR of 7.3% is anticipated for the region between 2022 and 2028. Due to tight EPA and REACH regulations in most of Europe, manufacturers are now focusing on developing bio-based lubricants. The region's expansion of mineral-based products is predicted to face serious threats from the growing use of bio-based alternatives.
Global Food Grade Lubricants Market By Region
- Largest
- Fastest
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Food Grade Lubricants Market Dynamics
Food Grade Lubricants Market Drivers
Increasing Consumer demand for Packaged Food to Bolster Market Growth
- To ensure that their products are suitable for human consumption, food and beverage processing businesses are required by tight laws to utilize lubricants of the appropriate food grade.
- As packaged and processed food consumption has expanded, so has the use of machinery and equipment in the food and beverage processing industry. As a result, there is a greater requirement for food grade lubricants.
- Food and beverage processing companies are paying more attention to the usage of food grade lubricants to ensure that their products are safe for consumption as a result of an increase in food safety incidents and recalls.
Increasing demand for bio-based food grade lubricants
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In the next five years, the bio-lubricant market is projected to expand by 20% on a global scale1.
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The demand for lubricants that are less hazardous and more biodegradable is demonstrated by the recent expansion of the food processing and healthcare industries. To satisfy this need, research focused on improving the performance of existing bio-lubricants will be essential.
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Benefits of bio-based food-grade lubricants include lower emissions, improved skin compatibility, and high biodegradability. They are made with vegetable or animal fat and authorized additives. Consequently, there is a growing global need for bio-based food-grade lubricants. Europe is thought to be the second-largest market for food-grade lubricants, thanks to its growing food processing industry and growing concerns about food safety. These lubricants are essential to preserving food safety.
Food Grade Lubricants Market Restraints
High Cost to Hinder Market Growth
- Due to being more expensive than standard lubricants, food grade lubricants may not be as appealing to businesses that process food and beverages.
- Food grade lubricants are more difficult to get for some food and beverage processing companies since they are not as widely available as regular lubricants.
- Food grade lubricants may not function as well as traditional lubricants in some applications, which may restrict their use in some equipment types.
Improper training and lack of awareness
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The main issue facing the food grade lubricants sector is that not enough people are aware of the advantages of utilizing these lubricants. Because conventional lubricants are less expensive than food grade lubricants, most end users in developing nations utilize them due to ignorance.
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In the United States and Western Europe, food grade lubricants make up approximately 25% of all lubricants used in the food business on average. Industry insiders claim that H1 lubricants that accidentally come into contact with food are frequently mistaken for H2 lubricants, which aren't allowed to be utilized in areas where contact may occur.
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Food goods get contaminated as a result of this frequently. Using the incorrect grease or lubricant might cause significant losses.
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Food Grade Lubricants Market Competitive Landscape
Industry participants are always concentrating on capacity expansion, establishing partnership agreements with distributors, and using many other operational approaches to get an advantage in the intensely competitive market environment. Producers use these strategies to engage with potential customers for their goods. Institutions offering a wide range of products for all application markets, such as Dow, Royal Dutch Shell, and Chevron Corporation, for instance, dominate the market.
It is anticipated that the end-use industry's demand for lubricants will increase over the predicted time period. Manufacturers are working hard to diversify their product offerings and improve their product portfolios in order to keep up with future demand. One lubricant on which several manufacturers are anticipated to focus their innovation efforts is Exxon Mobil's Mobil SHC series, which is used in the renewable energy sector.
Food Grade Lubricants Market Top Player’s Company Profiles
- ExxonMobil Corporation (US)
- Royal Dutch Shell plc (Netherlands)
- TotalEnergies S.E. (France)
- Fuchs Petrolub AG (Germany)
- The Lubrizol Corporation (USA)
- Kluber Lubrication München SE & Co. KG (Germany)
- Petro-Canada Lubricants Inc. (Canada)
- Chevron Corporation (US)
- BP plc. (UK)
- Croda International Plc (US)
- SKF AB (Sweden)
- The Chemours Company (USA)
- Schaeffer Manufacturing Co. (US)
- H1 Food Grade Lubricants (Germany)
- Clearco Products Co., Inc. (US)
- Matrix Specialty Lubricants BV (Netherlands)
- JAX Inc. (US)
- Haynes Manufacturing Company (Indiana)
- Roc-Corbett & Associates, Inc. (US)
- Bel-Ray Company, LLC (USA)
- Others.
Food Grade Lubricants Market Recent Developments
- In February 2022, when ExxonMobil declared the expansion of its innovative food grade lubricant Mobil SHC Cibus Series. The new lubricants are intended to assist producers of food and beverages in raising equipment reliability, lowering maintenance costs, and increasing production.
- In December 2021, when Klüber Lubrication unveiled a new synthetic gear oil for the gastronomy sector. In high temperature and high load applications, the new gear oil, known as Klüberfood NH1 4-220, is intended to offer greater wear prevention and prolonged oil life.
Food Grade Lubricants Key Market Trends
- With growing concerns about the environmental impact of industrial activities, there is a rising demand for biodegradable and sustainable lubricants in the food and beverage industry. This trend is expected to drive the growth of bio-based food grade lubricants in the coming years.
- To make sure that their products are safe for human consumption, food and beverage processing firms are emphasizing the usage of food grade lubricants more and more as food safety standards get stricter. This is anticipated to fuel the market for food grade lubricants.
- Lubricant manufacturers are investing in research and development to develop innovative food grade lubricants that offer improved performance and longer life. For example, some manufacturers are developing lubricants that can withstand higher temperatures and pressures, while others are developing lubricants that are resistant to water washout.
- The market for food grade lubricants in emerging economies like China and India is anticipated to grow as a result of the rising demand for processed and packaged foods in these countries. This is a result of the food and beverage processing industry's increased usage of machinery and equipment in these markets.
- Lubricant manufacturers are partnering with equipment manufacturers and food and beverage processing companies to develop customized lubricant solutions for specific applications. This is expected to drive the growth of the food grade lubricants market as these partnerships lead to the development of new and innovative lubricant products.
Food Grade Lubricants Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the Food Grade Lubricants market is the increasing consumption of processed foods and beverages is anticipated to be the main factor driving the demand for food-grade lubricants. The demand for lubricants from end-use sectors including food, beverage, pharmaceuticals, cosmetics, and others is likely to increase throughout the projected period. Also, it is anticipated that consumption of items like dairy, meat, and beverages will increase throughout the course of the forecast period. Food and beverage processing companies are paying more attention to the usage of food grade lubricants to ensure that their products are safe for consumption as a result of an increase in food safety incidents and recalls. The market for food grade lubricants in emerging economies like China and India is anticipated to grow as a result of the rising demand for processed and packaged foods in these countries. This is due to the increasing use of machinery and equipment in the food and beverage processing industry in these markets. Lubricant manufacturers are partnering with equipment manufacturers and food and beverage processing companies to develop customized lubricant solutions for specific applications. This is expected to drive the growth of the food grade lubricants market as these partnerships lead to the development of new and innovative lubricant products.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 395.96 |
| Market size value in 2031 | USD 759.79 |
| Growth Rate | 7.51% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Food Grade Lubricants Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Food Grade Lubricants Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Food Grade Lubricants Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Food Grade Lubricants Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Food Grade Lubricants Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Food Grade Lubricants Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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