Food Grade Lubricants Market Size, Share, Growth Report 2030

Industry Perspective:

According to the report published by Zion Market Research, global demand for Food Grade Lubricants market was valued at approximately USD 249.5 Million in 2019, and is expected to generate revenue of around USD 306.2 Million by end of 2026, growing at a CAGR of around 7.1% between 2020 and 2026.

Global Food Grade Lubricants Market: Overview

Food-grade lubricants are nothing but additives to food items that are added indirectly. Oil or grease can become a food additive due to over-lubrication, leaks, messy application during maintenance, and others.

Global Food Grade Lubricants Market: Growth Factors

Use of advanced technology in industry has boosted the global food grade lubricants market. Increasing demand for food grade lubricants due to rising demand has elevated the growth of global food grade lubricants market.

Major companies opting for food-grade lubricants are the trend in the industry, which indirectly is driving the global food grade lubricants market. Further, the growing job opportunities led to the elevation of the global food grade lubricants market.

Increased number of the food lubricants, growing awareness of their advantages, low cost of raw materials, and cheap labor are driving the global food grade lubricants market. In addition to this, the global food-grade lubricants market is witnessing huge growth due low cost for maintenance.

Another factor driving the global food-grade lubricants market is low transportation charges. Unawareness among people in rural areas is another factor that is restraining the growth of the global food-grade lubricants market.

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Global Food Grade Lubricants Market: Segmentation

Based on the type of oil, the global food grade lubricants market is segmented as mineral oil and synthetic oil. Further, synthetic oil is divided as PAG (polyalkylene glycol), PAO (polyalphaolephins), and others (esters and silicones).

On the basis of the type of application, the global food grade lubricants market is segmented into food, pharmaceuticals & cosmetics, beverages, and others.

The others segment is further sub-segmented as food grade lubricants blending, packaging, and food machinery manufacturing.

Further, food is bifurcated as a bakery, dairy, sugar, poultry, meat, seafood, and others.

The others segment is further sub-segmented as confectionery food, animal feed, and breakfast food.

Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Global Food Grade Lubricants Market: Regional Analysis

Geographically, North America is leading the global food-grade lubricants market. This is due to the United States Department of Agriculture, which rolled out strict rules for food safety.

Countries such as India, Australia, China, Japan, New Zealand, Brazil, and South Africa show potential growth in the global food-grade lubricants market.

Moreover, the increased use of advanced technologies in these countries has led to the growth of the global market.

Global Food Grade Lubricants Market: Competitive Players

Some main participants of the Food Grade Lubricants market are BP PLC, Exxon Mobil Corporation, Total S.A., and Royal Dutch Shell Plc. Other contenders include Kluber Lubrication Munchen SE & Co. KG, Fuchs Petrolub SE, Petro-Canada Lubricants Inc., Pepsico Inc., Coca-Cola Co., Nestle, and JBS USA, among others.

Food Grade Lubricants Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa