Report Description

Global Food Grade Lubricants Market By Base Oil (Bio-Based, Synthetic [PAO & PAG), Mineral & Others], By Application [Food (Bakery, Sugar, Dairy, Meat Poultry & Sea Food), Pharmaceuticals & Cosmetics, Beverages & Others], By Region, Competition, Forecast & Opportunities, 2024

  • Publish Date: NA
  • Format : PDF
  • Pages : 110
  • Industry : Chemicals

Global food grade lubricants market is anticipated to witness healthy growth during forecast period of 2019-2024, with a projected revenue of $ 265 million by 2024. Notably, stringent food safety regulations and growth of processed food market are anticipated to propel global food grade lubricants market. However, the lack of proper training and awareness hindering the growth of the market. Food grade lubricants must perform the same technical functions as conventional lubricants. Moreover, they should resist degradation of food products and display neutral chemical behavior towards food packaging materials and food processing equipment while complying with health/food safety regulations.

The market for food grade lubricants is segmented on the basis of base oil, application and region. Based on base oil, the market is categorized into synthetic (PAO and PAG), bio-based, mineral and others. Of all, synthetic oil-based food grade lubricants are anticipated to witness the highest CAGR during forecast period owing to their advanced properties such as better performance in extreme temperature conditions, durability and oxidation stability as compared to conventional mineral oil lubricants.

Based on application, the market is segmented into food, pharmaceuticals & cosmetics, beverages and others, of which food application dominates the market on account of growing concern over food safety along with the rapid growth of the food processing industry. Food application is anticipated to register the highest CAGR during the forecast period.

Regionally, the market has been segmented as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Among these regions, Europe is the largest market for food grade lubricants. Strict food safety regulations in Europe are anticipated to drive the demand for food grade lubricants across the region. However, Asia-Pacific is expected to be the fastest-growing market during forecast period on account of increasing awareness and growing processed food industry in the region.

Some of the key players operating in global food grade lubricants market include, Fuchs Petrolub SE, Illinois Tool Works Inc., Kluber Lubrication Munchen SE & Co. Kg, Petro-Canada Lubricants Inc., Total S.A., AB SKF, BP Plc, Chemtura Corporation, Exxon Mobil Corporation and Jax Inc.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020-2024

Objective of the Study:

  • To analyze and forecast global food grade lubricants market size.
  • To forecast global food grade lubricants market based on base oil, application and regional distribution.
  • To identify drivers and challenges for global food grade lubricants market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global food grade lubricants market.
  • To conduct pricing analysis for food grade lubricants market.
  • To identify and analyze the profile of leading players involved in the manufacturing of food grade lubricants.


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Some of the leading players in global food grade lubricants market are Fuchs Petrolub SE, Illinois Tool Works Inc., Kluber Lubrication Munchen SE & Co. Kg, Petro-Canada Lubricants Inc., Total S.A., AB SKF, BP Plc, Chemtura Corporation, Exxon Mobil Corporation and Jax Inc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major players operating in global food grade lubricants market.

TechSci Research calculated global food grade lubricants market size using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.


Key Target Audience:

  • Food grade lubricants manufacturers and suppliers
  • Government and other regulatory bodies
  • Research institutes and organizations
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global food grade lubricants market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Base Oil:
    • Bio-Based
    • Synthetic (PAO and PAG)
    • Mineral
    • Others
  • Market, By Application:
    • Food (Bakery, Sugar, Dairy, Meat Poultry, and Sea Food)
    • Pharmaceuticals & Cosmetics
    • Beverages
    • Others
  • Market, By Region:
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Indonesia
    • Europe
      • United Kingdom
      • Italy
      • France
      • Germany
      • Turkey
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Iran

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global food grade lubricants market.

 

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

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