Global Food Grade Lubricants Market Size, Share, and COVID-19 Impact Analysis, By Base Oil (Mineral Oil, Synthetic Oil, Bio-Based Oil), By Grade (H1, H2, H3), By Application (Food, Beverages, Pharmaceuticals, Cosmetics, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033
Industry: Food & BeveragesGlobal Food Grade Lubricants Market Insights Forecasts to 2033
- The Global Food Grade Lubricants Market Size was Valued at USD 376.65 Million in 2023
- The Market Size is Growing at a CAGR of 6.97% from 2023 to 2033
- The Worldwide Food Grade Lubricants Market Size is Expected to Reach USD 739.15 Million by 2033
- North America is Expected to Grow the fastest during the forecast period.
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The Food Grade Lubricants Market Size is anticipated to exceed USD 739.15 million by 2033, growing at a CAGR of 6.97 % from 2023 to 2033.
Market Overview
Food grade lubricants or food-safe lubricants, are often described as lubricant products used for this purpose within the machines of factories for the smooth running of the devices or machinery. It protects the machine from oxidation, corrosion, rust, disintegration, and, most importantly, heat, which is a very helpful function. They have no effect on the final goods' color or flavor, these lubricants are commonly found in pharmaceuticals, cosmetics, animal and pet meals, and food grade beverages. Food grade lubricants are the foremost mineral or synthetic base oils that are all significant in a crucial link in hygiene and safety within this food processing and packaging operation. These lubricants operate in equipment and machinery that come into contact directly or indirectly with food products, ensuring harmful or contaminating substances do not penetrate. Performance, safety, and compliance of food grade lubricants are improved by the applications of modern technology such as synthetic and biodegradable lubricants. In turn, these high-performance, food grade lubricants find an increasingly broad application in the food industry.
Report Coverage
This research report categorizes the market for the food grade lubricants market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the food grade lubricants market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the food grade lubricants market.
Driving Factors
The proliferative growth of the food processing industry is generating an unending demand for innovations in lubricants which would be safe in incidental contact with food. Major segments driving this industry are beverages, dairy, meat, and bakery, each with a peculiar requirement for specific food grade lubricants. International standards for food machinery lubricants must be adhered to due to the food sector's global scope, and these drive the adoption of food grade lubricants for meeting the requirements of various markets and their smooth trade therein.
Restraining Factors
The most significant barrier faced by the food grade lubricants sector is the understanding of the benefits of using food grade lubricants. Gaps in this comprehension would lead to developing countries, where the majority of end users would use ordinary lubricants for cost reasons, instead of food grade lubricants.
Market Segmentation
The food grade lubricants market share is classified into base oil, grade, and application.
- The minerals segment is expected to hold the largest share through the forecast period.
Based on the base oil, the food grade lubricants market is categorized into mineral oil, synthetic oil, and bio-based oil. Among these, the mineral oil segment is expected to hold the largest share through the forecast period. The growth is attributed to mineral base oil formulation, including distillation processing of crude oil, crystallization, purification by acid treatment, and hydrogenation processes. Mineral oils are used in preparing food grade lubricants, specifically H1. It has various advantages, including good lubricating properties, thermal stability, low cost, and compatibility with grease thickeners.
- The H1 grade segment holds the highest market share through the forecast period.
Based on the grade, the food grade lubricants market is categorized into H1, H2, and H3. Among these, the H1 segment holds the highest market share through the forecast period. The growth is driven due to H1 lubricants being utilized in all processing equipment for food and beverage processing applications. the major components that find a place in food processing plants, thus being converted into significant sources of lubricating oil for machines. The scope of H1 lubricants includes input-processing equipment intended for use in food and beverage processing applications like conveyor belts, pumps, and mixers for blending, canning, cutting, cooking, slicing, peeling, brewing, and bottling.
- The food segment is expected to hold the largest share through the forecast period.
Based on the application, the food grade lubricants market is categorized into food, beverages, pharmaceuticals, cosmetics, and others. Among these, the food segment is expected to hold the largest share through the forecast period. The primary reason for the growth of this segment has been the increasing demand for high-performance food grade lubricants that increase efficiency, reduce maintenance requirements, and meet food safety standards in food processing environments.
Regional Segment Analysis of the Food Grade Lubricants Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
Europe is anticipated to hold the largest share of the food grade lubricants market over the predicted timeframe.
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Europe is anticipated to hold the largest share of the food grade lubricants market over the forecast period. Germany, France, Italy, the U.K., and Russia spearhead the growth of the European region, being markets with very high penetration of food grade lubricants, which are steadily rising in sales revenue. In addition, Europe produces more cosmetics than any other region worldwide and has a wide variety of products. The demand for products concerned widely is now extending to cosmetics and will continue growing to involve further applications of machinery for cosmetics processing, leading to an even higher propensity for the acquisition of food grade lubricant products in the future.
North America is expected to grow at the fastest CAGR in the food grade lubricants market during the forecast period. High disposable income among citizens, coupled with several established end-user industries such as cosmetics, food and beverages, pharmaceuticals, and animal feed, has increased the number of households, thereby giving a boost to the food grade lubricant market in North America.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the food grade lubricants market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Fuchs Petrolub SE
- Kluber Lubrication
- Petro-Canada Lubricants Inc
- TotalEnergies
- Exxon Mobil Corporation
- Castrol
- Valvoline
- Metalube
- Renewable Lubricants
- Interflon
- Repsol
- Cortec Corporation
- Haynes Lubricants
- Mosil Lubricants
- Vinayak Oil
- Condat
- Carl Bechem Lubricants India Private Limited
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In September 2024, Petro-Canada’s PURITY FG PneumaticScaleAngelus, a can seamer machine OEM, has recognized SEAMER-E Fluid for several high-speed lubrication seaming units. This food-grade lubricant meets stringent safety standards, including NSF H1 certification and FDA regulations, and is compatible with HACCP and GMP plans, ensuring suitability for incidental food contact. The fluid provides advantages such as extended stability, high load capacity, and corrosion resistance, making it a dependable choice for food processing maintenance protocols.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the food grade lubricants market based on the below-mentioned segments:
Global Food Grade Lubricants Market, By Base Oil
- Mineral Oil
- Synthetic Oil
- Bio-Based Oil
Global Food Grade Lubricants Market, By Grade
- H1
- H2
- H3
Global Food Grade Lubricants Market, By Application
- Food
- Beverages
- Pharmaceuticals
- Cosmetics
- Others
Global Food Grade Lubricants Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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