Report Scope & Overview:
Food Grade Lubricants Market Size was valued at USD 3.63 billion in 2022, and is expected to reach USD 6.48 billion by 2030, and grow at a CAGR of 7.5 % over the forecast period 2023-2030. Since the dawn of automation, lubricants have been used in industry. It was formerly derived from mineral-based lubricants. However, in recent years, there has been an increase in the use of food-grade lubricants in the food and beverage industry, as well as food-grade lubricants in medicines. Food grade lubricants are a type of industrial lubricant that is intended to protect industrial machinery from corrosion, friction, and chemical oxidation. These lubricants can be used to avoid and minimise electrical resistance while also boosting thermal conductivity in some cases.
The food and beverage industry's expansion.
Food safety regulations are very strict.
Lack of awareness.
Lack of rules and regulation about lubricant.
Concerns about food safety are becoming more widespread.
Manufacturers are aware of the problem.
Impact of Covid-19:
COVID-19 prompted lockdowns and other restrictions in a number of nations throughout the world in order to halt the virus's spread. As a result, supply chain activities such as production, logistics, and trade were disrupted. As a result, in 2020, the market for food-grade lubricants is predicted to fall. The COVID-19 epidemic and the variable price of raw materials needed to create food grade lubricants have hampered the expansion of the food grade lubricants market. Countries such as China and the United States, among others, are resuming normal operations.
Chevron Corporation, Kluber SKF, exxonmobil Corporation, Total Energies SE, BP plc., Lubrication Munchen SE & Co. KG, total energies SE, Petro-Canada Lubricants Inc., FUCHS Petrolub AG, The DOW Chemical Company And Illinois Tools Works Inc., other players.
Meat, poultry & seafood
Pharmaceuticals & Cosmetics
Several end-use industries in North America, such as processed foods, bakery and confectionery goods, and morning cereals, are likely to drive the market for food-grade industrial gases during the forecast period. The millennial age, which is mainly focused on consuming low-preparation, convenient food products, drives a substantial portion of the region's demand. The ease with which packaged food products can be reconstituted is one of the reasons for their growing popularity. Americans are increasingly preferring healthy snacking, making frozen and chilled packaged snacks containing food-grade gases a particularly appealing product category. According to Alberto's government, Canadians are buying more breakfast cereal, which is one of the key drivers boosting the market for food-grade industrial gases.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 3.63 Billion|
|Market Size by 2030||US$ 6.48 Billion|
|CAGR||CAGR of 7.5% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By type (Synthetic Oil, Mineral Oil, Bio-based)
• By application (Food, Beverages, Pharmaceuticals & Cosmetics, Others)
• By Form (Oil, Grease)
• By Grade (H1, H2, H3)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Chevron Corporation, Kluber SKF, exxonmobil Corporation, Total Energies SE, BP plc., Lubrication Munchen SE & Co. KG, total energies SE, Petro-Canada Lubricants Inc., FUCHS Petrolub AG, The DOW Chemical Company And Illinois Tools Works Inc., other players.|
|DRIVERS||• The food and beverage industry's expansion.
• Food safety regulations are very strict.
|Restraints||• Lack of awareness.
• Lack of rules and regulation about lubricant.
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Chevron Corporation (US), Kluber SKF (Sweden) exxonmobil Corporation (US), Total Energies SE (France), BP plc. (UK), Lubrication Munchen SE & Co. KG (Germany), total energies SE (France), Petro-Canada Lubricants Inc. (Canada), FUCHS Petrolub AG (Germany), The DOW Chemical Company (US) And Illinois Tools Works Inc. (US) are the major key players of Food Grade Lubricants Market.
Ans: COVID-19 prompted lockdowns and other restrictions in a number of nations throughout the world in order to halt the virus's spread. As a result, supply chain activities such as production, logistics, and trade were disrupted. As a result, in 2020, the market for food-grade lubricants is predicted to fall. The COVID-19 epidemic and the variable price of raw materials needed to create food grade lubricants have hampered the expansion of the food grade lubricants market. Countries such as China and the United States, among others, are resuming normal operations.
Ans: The food and beverage industry's expansion and Food safety regulations are very strict are the drivers for Food Grade Lubricants Market.
Ans: Food Grade Lubricants Market Size was valued at USD 3.38 billion in 2021, and expected to reach USD 5.61 billion by 2028, and grow at a CAGR of 7.5 % over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
22.214.171.124 United Kingdom
126.96.36.199 South Korea
188.8.131.52 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Food Grade Lubricants Market Segment, By Type
8.1 Synthetic Oil
8.2 Mineral Oil
9. Food Grade Lubricants Market Segment, By Application
9.1.4 Meat, poultry & seafood
9.1.5 Animal feed
9.3 Pharmaceuticals & Cosmetics
10. Food Grade Lubricants Market Segment, By Form
11. Food Grade Lubricants Market Segment, By Grade
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profile
13.1 Chevron Corporation
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Kluber SKF
13.3 exxonmobil Corporation
13.4 Total Energies SE
13.5 BP plc.
13.6 Lubrication Munchen SE & Co. KG
13.7 total energies SE
13.8 Petro-Canada Lubricants Inc. (Canada)
13.9 FUCHS Petrolub AG
13.10 The DOW Chemical Company
13.13 Illinois Tools Works Inc.
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
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