Region:Global
Product Code:KRBR134
Market Overview:
Food Grade lubricants are categorized under oil and grease, acceptable for use in meat, poultry, and other food processing equipment, application, and plants. Lubricants are broken into different categories on the likelihood they will contact food. As of now, food-grade lubricants are designated as H1, H2, and H3. The approval and registration of new lubricants into one of these categories are based on the ingredient used in the formulation.
According to Ken Research estimates, the Global Food Grade Lubricants Market – which grew from approximately US$ 200 Million in 2017 to approximately US$ 300 Million in 2022 – is forecasted to grow further into approximately US$ 500 Million opportunities by 2028, owing to the strict government rules and regulation on mandating the usage of food-grade lubricants.
Scope of the Report:
The Food Grade Lubricants Market is segmented by product type, grade, and application. In addition, the report also covers market size and forecasts for the four regions in the Food Grade Lubricants Markets. The revenue used to size and forecast the market for each segment is US$ Million.
By Product Type |
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By Grade |
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By Application |
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By Geography |
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Key Players |
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Key Trends by Market Segment:
By Product Type: The mineral segment accounted for the largest market share in 2021, as it is used for multiple applications such as food, beverages, cosmetics, and others.
By Grade: The H1 segment accounted for the largest market share in 2021, owing to the extensive usage in the food industry.
By Application: The food application segment held the largest market in 2021, owing to increased usage, and multiple applications in various sub-sector in the food industry.
By Geography: Europe accounted for the largest market share within the global food-grade lubricants market in 2021, owing to the presence of various renowned companies.
Competitive Landscape:
The global food-grade lubricants market is significantly competitive with ~100 players which include globally diversified players, and regional players as well as a majority number of country-niche players having their niche in manufacturing food-grade lubricants products for various applications. Country-niche players comprise the largest share by competitor type, while large global players comprise about 15% of the competitors by type. Some of the major players in the market include CITGO, Lanxess, Exxon Mobil, Eni, SKF, FUCHS Petrolub SE, Dow Chemical Company, Total Energy, ENEOS Corporation, Phillips 66, and others.
Recent Developments Related to Major Players
Conclusion
The global food-grade lubricants market witnessed significant growth during the period 2017-2021, owing to the increasing application of food-grade lubricants in the food and beverage industry. The growth rate is expected to remain significant during the forecast period.
Though the market is significantly competitive with ~100 participants, the majority of country-niche players dominate the market share by type, and global players hold a significant market share.
Note: This is an On-Demand/Planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of two working weeks.
Key Topics Covered in the Report
Major Players Mentioned in the Report
Notable Emerging Companies Mentioned in the Report
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
Time Period Captured in the Report
Frequently Asked Questions
This report covers the Global Food Grade Lubricants Market from 2017– 2028, including a forecast for 2022-2028.
The Global Food Grade Lubricants Market is expected to witness a CAGR of ~8% over the next six years.
The increasing processed food, dairy, meat, and other related industry, is likely to fuel the growth in the Food Grade Lubricants Market.
The mineral product type segment held the largest share of the Global Food Grade Lubricants Market in 2021.
CITGO, Lanxess, Exxon Mobil, Eni, SKF, FUCHS Petrolub SE, Dow Chemical Company, Total Energy, ENEOS Corporation, Phillips 66.
Major Players Mentioned in the Report
Notable Emerging Companies Mentioned in the Report
1.1 Highlights of Global Food Grade Lubricants Market Historic Growth & Forecast
1.2 Highlights of Market Trends, Challenges, and Competition
1.3 Highlights of Market Revenue Share by Segments
2.1 Global Food Grade Lubricants Market Taxonomy
2.2 Industry Value Chain
2.3 The Ecosystem of Major Entities in the Global Food-Grade Lubricants Market
2.4 Government Regulations & Developments
2.5 Key Growth Drivers & Challenges Impacting the Market
2.6 COVID-19 Impact on Global Food Grade Lubricants Market
2.7 Total Global Food Grade Lubricants Market Historic Growth by Segment Type, 2017-2021
2.7.1 By Product Type
2.7.2 By Grade
2.7.3 By Application
2.7.4 By Major Region
2.8 Total Global Food Grade Lubricants Market Historic Growth & Forecast, 2017-2028
2.9 Key Takeaways
3.1 Market Definition - Segmentation by Product Type
3.2 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Product Type, 2017-2028
3.2.1 Mineral
3.2.2 Synthetic
3.2.3 Bio-Based
3.2.4 Others
3.3 Key Takeaways from Market Segmentation by Product Type
4.1 Market Definition - Segmentation by Grade
4.2 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Grade, 2017-2028
4.2.1 H1
4.2.2 H2
4.2.3 H3
4.3 Key Takeaways from Market Segmentation by Grade
5.1 Market Definition - Segmentation by Application
5.2 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Application, 2017-2028
5.2.1 Food
5.2.2 Beverages
5.2.3 Pharmaceuticals
5.2.4 Others
5.3 Key Takeaways from Market Segmentation by Application
6.1 Forms of Players (Competitors) & Share of Competition
6.2 Porter’s 5 Forces Analysis of Global Food Grade Lubricants Competitors
6.3 Key Developments in the Global Food Grade Lubricants Sector Impacting Market Growth
6.4 Comparison of Leading Competitors within the Global Food Grade Lubricants Market, 2021
6.5 Comparison of Leading Competitors within the Global Food Grade Lubricants Market by Coverage of Product Type, 2021
6.6 Comparison of Leading Competitors within the Global Food Grade Lubricants Market by Coverage of Grade, 2021
6.7 Comparison of Leading Competitors within the Global Food Grade Lubricants Market by Coverage of Application, 2021
6.8 Comparison of Leading Competitors within the Global Food Grade Lubricants Market by Coverage of Major Regions, 2021
6.9 Key Takeaways from Competitive Landscape
7.1 CITGO
7.2 Lanxess
7.3 Exxon Mobil
7.4 Eni
7.5 SKF
7.6 FUCHS PETROLUB SE
7.7 Dow Chemical Company
7.8 Total Energy
7.9 ENEOS Corporation
7.10 Phillips 66
8.1 Major Countries Comparison of Macroeconomic Factors
8.2 Total Global- Market Revenue Share, Historic Growth, Outlook and Forecasts by Geography, 2017-2028
8.3 Major Region Market Analysis, Historic Growth, Outlook & Forecasts
8.4 North America – Food-Grade Lubricants Market Analysis
8.4.1 Major Production and Consumption Hubs in North America
8.4.2 Notable Emerging Food Grade Lubricants Companies in North America
8.4.3 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Product Type, 2017-2028
8.4.4 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Grade, 2017-2028
8.4.5 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Application, 2017-2028
8.4.6 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Major Countries, 2017-2028
- USA
- Canada
- Mexico
8.5 Asia Pacific – Food-Grade Lubricants Market Analysis
8.5.1 Major Production and Consumption Hubs in the Asia Pacific
8.5.2 Notable Emerging Food Grade Lubricants Companies in the Asia Pacific
8.5.3 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Product Type, 2017-2028
8.5.4 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Grade, 2017-2028
8.5.5 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Application, 2017-2028
8.5.6 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Major Countries, 2017-2028
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
8.6 Europe – Food-Grade Lubricants Market Analysis
8.6.1 Major Production and Consumption Hubs in Europe
8.6.2 Notable Emerging Food Grade Lubricants Companies in Europe
8.6.3 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Product Type, 2017-2028
8.6.4 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Grade, 2017-2028
8.6.5 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Application, 2017-2028
8.6.6 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Major Countries, 2017-2028
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
8.7 LAMEA – Food-Grade Lubricants Market Analysis
8.7.1 Major Production and Consumption Hubs in LAMEA
8.7.2 Notable Emerging Food Grade Lubricants Companies in LAMEA
8.7.3 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Product Type, 2017-2028
8.7.4 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Grade, 2017-2028
8.7.5 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Application, 2017-2028
8.7.6 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Major Sub-Regions, 2017-2028
- Latin America
- Middle East
- Africa
9.1 Notable Statements/Quotes from Industry Experts and C-Level Executives on the Current Status and Future Outlook of the Market
10.1 Analyst Recommendations on Identified Major Opportunities and Potential Strategies to Gain from Opportunities
11.1 Research Methodology - Market Size Estimation, Forecast, and Sanity Check Approach
11.2 Sample Discussion Guide
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