The
global Food Grade Lubricants Market size is estimated to reach USD 764.0
million by 2030, registering to grow at a CAGR of 9.5% from 2025 to 2030 according
to a new report by Grand View Research, Inc. The growth is majorly driven
by rising demand from end-use industries and rising awareness for sustainable
alternatives over petrochemical feedstock such as bio-based products coupled
with expanding the food and beverages industry.
Bio-based
lubricants have registered comparatively slower market growth in the past
couple of decades due to their limited application scope, poor public image,
higher prices, performance shortcomings, and more. However, with increased
supply of high-performance, technologically advanced, cost-competitive
lubricating products based on petroleum-based feedstock’s, synthetic bio-based
formulations, the demand for bio-based products is picking up pace and is
likely to achieve the highest growth rate over the coming years.
The
market is expected to grow continuously over the coming years owing to
increasing demand from end-use industries such as foods, beverages, cosmetics,
pharmaceuticals, and others, coupled with favorable government regulations,
specifically in the Asia Pacific, Latin America, and the Middle East region.
Products such as mineral oils, synthetic, and bio-based oils are widely used in
various applications such as dairy, confectionery, sports drinks, bakery, and
carbonated soft drinks.
In
terms of supply and demand at a global level, manufacturers are inclined toward
raw material procurement as the key raw materials used for the production:
synthetic, mineral oils, and bio-based products are used in the formulation
of lubricants. Major oil & gas companies are
integrated manufacturers, which ensure steady raw material supply to
manufacture mineral oils & additives needed for the production of
lubricating oil products.
Increasing
demand for grease and lubricants in modern machinery is expected to boost the
overall market growth in European countries such as Russia, France, and Spain
with well-established and developed manufacturing sectors. Consumers in the
region are more aware of the health benefits of processed foods items which, in
turn, is anticipated to positively impact the market demand over the forecast
period. Moreover, advancements in the manufacturing sector, especially food
processing, are likely to positively impact the growth of the product in the
region.
List
of Key Players in Food Grade Lubricants Market
- Exxon Mobil
Corporation
- CITGO
Petroleum Corporation
- FUCHS
- TotalEnergies
- Petro-Canada
(Suncor Energy Inc.)
- Klüber
Lubrication (Freudenberg SE)
- SKF
- LANXESS
- JAX
Incorporated
- Calumet, Inc.
- Shell plc
- Chevron
Corporation
- Clearco
Products Co, Inc.
- CONDAT
- Dow
- ELBA
LUBRICAITON INC USA
- Engen
Petroleum LTD
- Matrix
Specialty Lubricants
- The Chemours
Company
- The Lubrizol
Corporation
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summary: Food Grade Lubricants Market Report
Food
Grade Lubricants Market Report Highlights
- The mineral
segment accounted for the largest share of 61.0% in 2024. The growing
demand for high-purity, food-grade lubricants to meet stringent safety
standards is a key driving factor for the mineral food-grade lubricants
market.
- The food
segment held the largest market share of 62.4% in 2024. It comprises
bakery, confectionery, dairy, meat, poultry & seafood, sauces &
dressings, and others.
- The beverages
segment is expected to register the fastest CAGR of 10.1% during the
forecast period.
- The Europe food
grade lubricants market held the largest revenue share of 40.3% in 2024,
which can be attributed to the significant size and growth of the food and
drink industry.
Food
Grade Lubricants Market Segmentation
Grand
View Research has segmented the global food grade lubricants market based on
product, application, and region:
Food
Grade Lubricants Product Outlook (Revenue, USD Million, 2018 - 2030)
- Mineral
- Synthetic
- Bio-Based
Food
Grade Lubricants Application Outlook (Revenue, USD Million, 2018 - 2030)
- Food
- Bakery
- Confectionery
- Dairy
- Meat,
Poultry, & Seafood
- Sauces &
Dressings
- Others
- Beverages
- Carbonated
Soft Drinks
- Fruit
Beverages
- Sports
Drinks
- Alcoholic
Beverages
- Others
- Pharmaceuticals
- Cosmetics
- Others
Food
Grade Lubricants Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast
Asia
- Latin America
- Brazil
- Argentina
- Colombia
- Peru
- Middle East
and Africa (MEA)
- Saudi Arabia
- South Africa
About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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