Global Food Grade Lubricants Market Size, Share, Trends, Industry Growth by Base Oil Type (Mineral, Synthetic, Bio-based Oil), by Application (Food, Beverages, Pharmaceuticals, Cosmetics, Others), by Region, and Forecast to 2028
Price: 3600/- USD | Published Date: July 20, 2022 |The global food grade lubricants market size was accounted at around USD 350 million in 2021 and expected to register a significant CAGR of around 8% during the forecast period from 2022 to 2028. The increasing prevalence of food-borne diseases and the rising consumer awareness regarding health are some major factors driving the market growth. Furthermore, the rising food safety concerns and the increasing demand for food-grade lubricants are further expected to boost the market over the forecast period. The increasing demand for food-grade lubricants in various end-use industries such as food, beverage, cosmetics, and pharmaceuticals are projected to propel the market growth in upcoming years.
Market Insights:
By base oil type, the mineral-based food lubricants segment dominated the global market in 2021
The global food grade lubricants market is bifurcated into base oil type, application, and geography. On the basis of base oil type, the market is further segmented into mineral, synthetic, and bio-based oil. The mineral-based food lubricants segment dominated the global market in 2021 and is expected to hold the largest revenue of around 2/3 market share by the end of the analysis period. The wide use of the product in machinery like hydraulic systems due to its high-temperature tolerance between 120F to 150F is a major factor to drive the segment growth. Furthermore, the growing demand for mineral-based food-grade lubricants in various industries such as food, beverage, cosmetics, and others is further expected to fuel the segment growth.
By application, the food segment is expected to largest revenue share of around 2/3 market share by 2028
On the basis of application, the market is bifurcated into food, beverages, pharmaceuticals & cosmetics, and others. The food segment dominated the global food grade lubricants market in 2021 and is expected to hold a significant market share of around 2/3 share by the end of the analysis period. The widespread use of the product in various food applications such as bakery, dairy, confectionery, meat, poultry, and others is a major factor to drive the segment growth. Furthermore, the rising consumer awareness and the growing demand for high-quality meat products are anticipated to fuel the segment growth over the forecast period.
The food grade lubricants comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.
The food grade lubricants market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.
Historical & Forecast Period
- 2019-20 – Historical Year
- 2021 – Base Year
- 2022-2028 – Forecast Period
Global Food Grade Lubricants Market Segmentation:
Food Grade Lubricants Market Segmentation by Base Oil Type:
- Mineral
- Synthetic
- Bio-based Oil
Food Grade Lubricants Market Segmentation by Application:
- Food
- Beverages
- Pharmaceuticals
- Cosmetics
- Others
Food Grade Lubricants Market Segmentation by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Food Grade Lubricants Market: Geographic Coverage
Geographically, the food grade lubricants market report comprises dedicated sections centering on the regional market revenue and trends. The food-grade lubricants market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The food-grade lubricants market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Food grade lubricants market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2022 – 2028.
Food Grade Lubricants Market: Competitive Assessment
Some of the major market players operating in the global food grade lubricants market are ExxonMobil Corporation, TotalEnergies SE, FUCHS Petrolub AG, BP plc., and Petro-Canada Lubricants Inc. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.
List of Key Companies:
- ExxonMobil Corporation
- TotalEnergies SE
- FUCHS Petrolub AG
- BP plc.
- Petro-Canada Lubricants Inc.
- Chevron Corporation
- The DOW Chemical Company
- Kluber Lubrication Munchen SE & Co. KG
- SKF
- Illinois Tools Works Inc.
Key Questions Answered by Food Grade Lubricants Market Report
- Global food grade lubricants market forecasts from 2022-2028
- Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
- Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
- Food grade lubricants submarket forecasts from 2022-2028 covering the market by base oil type, by application, and geography
- Various industry models such as SWOT analysis, Value Chain Analysis about the market
- Analysis of the key factors driving and restraining the growth of the global, regional, and country-level food grade lubricants markets from 2022-2028
- Competitive Landscape and market positioning of top 10 players operating in the market
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions
2. Executive Summary
2.1. Global Food Grade Lubricants Market Portraiture
2.2. Global Food Grade Lubricants Market, by Base Oil Type, 2021 (USD Mn)
2.3. Global Food Grade Lubricants Market, by Application, 2021 (USD Mn)
2.4. Global Food Grade Lubricants Market, by Geography, 2021 (USD Mn)
3. Global Food Grade Lubricants Market Analysis
3.1. Food Grade Lubricants Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis
4. Global Food Grade Lubricants Market By Base Oil Type, 2019 – 2028 (USD Mn)
4.1. Overview
4.2. Mineral Oil
4.3. Synthetic Oil
4.4. Bio-based Oil
5. Global Food Grade Lubricants Market By Application, 2019 – 2028 (USD Mn)
5.1. Overview
5.2. Food
5.3. Beverages
5.4. Pharmaceuticals
5.5. Cosmetics
5.6. Others
6. North America Food Grade Lubricants Market Analysis and Forecast, 2019 – 2028 (USD Mn)
6.1. Overview
6.2. North America Food Grade Lubricants Market by Base Oil Type, (2019-2028 USD Mn)
6.3. North America Food Grade Lubricants Market by Application, (2019-2028 USD Mn)
6.4. North America Food Grade Lubricants Market by Country, (2019-2028 USD Mn)
6.4.1. U.S.
6.4.1.1. U.S. Food Grade Lubricants Market by Base Oil Type, (2019-2028 USD Mn)
6.4.1.2. U.S. Food Grade Lubricants Market by Application, (2019-2028 USD Mn)
6.4.2. Canada
6.4.2.1. Canada Food Grade Lubricants Market by Base Oil Type, (2019-2028 USD Mn)
6.4.2.2. Canada Food Grade Lubricants Market by Application, (2019-2028 USD Mn)
7. Europe Food Grade Lubricants Market Analysis and Forecast, 2019 – 2028 (USD Mn)
7.1. Overview
7.2. Europe Food Grade Lubricants Market by Base Oil Type, (2019-2028 USD Mn)
7.3. Europe Food Grade Lubricants Market by Application, (2019-2028 USD Mn)
7.4. Europe Food Grade Lubricants Market by Country, (2019-2028 USD Mn)
7.4.1. Germany
7.4.1.1. Germany Food Grade Lubricants Market by Base Oil Type, (2019-2028 USD Mn)
7.4.1.2. Germany Food Grade Lubricants Market by Application, (2019-2028 USD Mn)
7.4.2. U.K.
7.4.2.1. U.K. Food Grade Lubricants Market by Base Oil Type, (2019-2028 USD Mn)
7.4.2.2. U.K. Food Grade Lubricants Market by Application, (2019-2028 USD Mn)
7.4.3. France
7.4.3.1. France Food Grade Lubricants Market by Base Oil Type, (2019-2028 USD Mn)
7.4.3.2. France Food Grade Lubricants Market by Application, (2019-2028 USD Mn)
7.4.4. Italy
7.4.4.1. Italy Food Grade Lubricants Market by Base Oil Type, (2019-2028 USD Mn)
7.4.4.2. Italy Food Grade Lubricants Market by Application, (2019-2028 USD Mn)
7.4.5. Rest of Europe
7.4.5.1. Rest of Europe Food Grade Lubricants Market by Base Oil Type, (2019-2028 USD Mn)
7.4.5.2. Rest of Europe Food Grade Lubricants Market by Application, (2019-2028 USD Mn)
8. Asia Pacific Food Grade Lubricants Market Analysis and Forecast, 2019 – 2028 (USD Mn)
8.1. Overview
8.2. Asia Pacific Food Grade Lubricants Market by Base Oil Type, (2019-2028 USD Mn)
8.3. Asia Pacific Food Grade Lubricants Market by Application, (2019-2028 USD Mn)
8.4. Asia Pacific Food Grade Lubricants Market by Country, (2019-2028 USD Mn)
8.4.1. China
8.4.1.1. China Food Grade Lubricants Market by Base Oil Type, (2019-2028 USD Mn)
8.4.1.2. China Food Grade Lubricants Market by Application, (2019-2028 USD Mn)
8.4.2. Japan
8.4.2.1. Japan Food Grade Lubricants Market by Base Oil Type, (2019-2028 USD Mn)
8.4.2.2. Japan Food Grade Lubricants Market by Application, (2019-2028 USD Mn)
8.4.3. India
8.4.3.1. India Food Grade Lubricants Market by Base Oil Type, (2019-2028 USD Mn)
8.4.3.2. India Food Grade Lubricants Market by Application, (2019-2028 USD Mn)
8.4.4. Rest of Asia Pacific
8.4.4.1. Rest of Asia Pacific Food Grade Lubricants Market by Base Oil Type, (2019-2028 USD Mn)
8.4.4.2. Rest of Asia Pacific Food Grade Lubricants Market by Application, (2019-2028 USD Mn)
9. Latin America (LATAM) Food Grade Lubricants Market Analysis and Forecast, 2019 – 2028 (USD Mn)
9.1. Overview
9.2. Latin America Food Grade Lubricants Market by Base Oil Type, (2019-2028 USD Mn)
9.3. Latin America Food Grade Lubricants Market by Application, (2019-2028 USD Mn)
9.4. Latin America Food Grade Lubricants Market by Country, (2019-2028 USD Mn)
9.4.1. Brazil
9.4.1.1. Brazil Food Grade Lubricants Market by Base Oil Type, (2019-2028 USD Mn)
9.4.1.2. Brazil Food Grade Lubricants Market by Application, (2019-2028 USD Mn)
9.4.2. Mexico
9.4.2.1. Mexico Food Grade Lubricants Market by Base Oil Type, (2019-2028 USD Mn)
9.4.2.2. Mexico Food Grade Lubricants Market by Application, (2019-2028 USD Mn)
9.4.3. Rest of Latin America
9.4.3.1. Rest of Latin America Food Grade Lubricants Market by Base Oil Type, (2019-2028 USD Mn)
9.4.3.2. Rest of Latin America Food Grade Lubricants Market by Application, (2019-2028 USD Mn)
10. Middle East and Africa Food Grade Lubricants Market Analysis and Forecast, 2019 – 2028 (USD Mn)
10.1. Overview
10.2. MEA Food Grade Lubricants Market by Base Oil Type, (2019-2028 USD Mn)
10.3. MEA Food Grade Lubricants Market by Application, (2019-2028 USD Mn)
10.4. Middle East and Africa Food Grade Lubricants Market, by Country, (2019-2028 USD Mn)
10.4.1. GCC
10.4.1.1. GCC Food Grade Lubricants Market by Base Oil Type, (2019-2028 USD Mn)
10.4.1.2. GCC Food Grade Lubricants Market by Application, (2019-2028 USD Mn)
10.4.2. South Africa
10.4.2.1. South Africa Food Grade Lubricants Market by Base Oil Type, (2019-2028 USD Mn)
10.4.2.2. South Africa Food Grade Lubricants Market by Application, (2019-2028 USD Mn)
10.4.3. Rest of MEA
10.4.3.1. Rest of MEA Food Grade Lubricants Market by Base Oil Type, (2019-2028 USD Mn)
10.4.3.2. Rest of MEA Food Grade Lubricants Market by Application, (2019-2028 USD Mn)
11. Company Profiles
11.1. ExxonMobil Corporation
11.1.1. Business Description
11.1.2. Financial Health and Budget Allocation
11.1.3. Product Positions/Portfolio
11.1.4. Recent Development
11.1.5. SWOT Analysis
11.2. TotalEnergies SE
11.2.1. Business Description
11.2.2. Financial Health and Budget Allocation
11.2.3. Product Positions/Portfolio
11.2.4. Recent Development
11.2.5. SWOT Analysis
11.3. FUCHS Petrolub AG
11.3.1. Business Description
11.3.2. Financial Health and Budget Allocation
11.3.3. Product Positions/Portfolio
11.3.4. Recent Development
11.3.5. SWOT Analysis
11.4. BP plc.
11.4.1. Business Description
11.4.2. Financial Health and Budget Allocation
11.4.3. Product Positions/Portfolio
11.4.4. Recent Development
11.4.5. SWOT Analysis
11.5. Petro-Canada Lubricants Inc.
11.5.1. Business Description
11.5.2. Financial Health and Budget Allocation
11.5.3. Product Positions/Portfolio
11.5.4. Recent Development
11.5.5. SWOT Analysis
11.6. Chevron Corporation
11.6.1. Business Description
11.6.2. Financial Health and Budget Allocation
11.6.3. Product Positions/Portfolio
11.6.4. Recent Development
11.6.5. SWOT Analysis
11.7. The DOW Chemical Company
11.7.1. Business Description
11.7.2. Financial Health and Budget Allocation
11.7.3. Product Positions/Portfolio
11.7.4. Recent Development
11.7.5. SWOT Analysis
11.8. Kluber Lubrication Munchen SE & Co. KG
11.8.1. Business Description
11.8.2. Financial Health and Budget Allocation
11.8.3. Product Positions/Portfolio
11.8.4. Recent Development
11.8.5. SWOT Analysis
11.9. SKF
11.9.1. Business Description
11.9.2. Financial Health and Budget Allocation
11.9.3. Product Positions/Portfolio
11.9.4. Recent Development
11.9.5. SWOT Analysis
11.10. Illinois Tools Works Inc.
11.10.1. Business Description
11.10.2. Financial Health and Budget Allocation
11.10.3. Product Positions/Portfolio
11.10.4. Recent Development
11.10.5. SWOT Analysis
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