Global Food Grade Lubricants Market

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 2024-2031


Report ID: SQMIG15A2122 | Region: Global | Published Date: July, 2024
Pages: 184 | Tables: 99 | Figures: 77

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

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Food Grade Lubricants Market size was valued at USD 395.96 million in 2022 and is poised to grow from USD 425.70 million in 2023 to USD 759.79 million by 2031, at a CAGR of 7.51% during the forecast period (2024-2031). 

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.  '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. '

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.

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.

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.

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Global Food Grade Lubricants Market

Report ID: SQMIG15A2122

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