Food Grade Lubricants Market Size, Share, And Growth Report 2032

Food Grade Lubricants Market: Size

The global Food Grade Lubricants market size was worth around USD 376.8 million in 2023 and is predicted to grow to around USD 692.73 million by 2032 with a compound annual growth rate (CAGR) of roughly 7.00% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD million). The report covers a forecast and an analysis of the Food Grade Lubricants market on a global and regional level.

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Global Food Grade Lubricants Market: Overview

Food-grade lubricants are nothing but additives to food items that are added indirectly. Oil or grease can become a food additive due to over-lubrication, leaks, messy application during maintenance, and others. The global food grade lubricants market refers to the industry focused on the production, distribution, and sale of lubricants specifically designed for use in food and beverage processing, packaging, and manufacturing industries. These lubricants are essential for ensuring the smooth operation of machinery while meeting strict safety and health standards to prevent food contamination. The market is driven by growing food safety regulations and increasing demand for high-quality, safe food products.

Global Food Grade Lubricants Market: Growth Factors

Use of advanced technology in industry has boosted the global food grade lubricants market. Increasing demand for food grade lubricants due to rising demand has elevated the growth of global food grade lubricants market.

Major companies opting for food-grade lubricants are the trend in the industry, which indirectly is driving the global food grade lubricants market. Further, the growing job opportunities led to the elevation of the global food grade lubricants market.

Increased number of the food lubricants, growing awareness of their advantages, low cost of raw materials, and cheap labor are driving the global food grade lubricants market. In addition to this, the global food-grade lubricants market is witnessing huge growth due low cost for maintenance.

Another factor driving the global food-grade lubricants market is low transportation charges. Unawareness among people in rural areas is another factor that is restraining the growth of the global food-grade lubricants market.

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Global Food Grade Lubricants Market: Segmentation

Based on the type of oil, the global food grade lubricants market is segmented as mineral oil and synthetic oil. Further, synthetic oil is divided as PAG (polyalkylene glycol), PAO (polyalphaolephins), and others (esters and silicones).

On the basis of application, the global food grade lubricants market is segmented into food, pharmaceuticals & cosmetics, beverages, and others.

The others segment is further sub-segmented as food grade lubricants blending, packaging, and food machinery manufacturing.

Further, food is bifurcated as a bakery, dairy, sugar, poultry, meat, seafood, and others.

The others segment is further sub-segmented as confectionery food, animal feed, and breakfast food.

Food Grade Lubricants Market: Report Scope

Global Food Grade Lubricants Market: Regional Analysis

Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Geographically, North America is leading the global food-grade lubricants market. This is due to the United States Department of Agriculture, which rolled out strict rules for food safety. Countries such as India, Australia, China, Japan, New Zealand, Brazil, and South Africa show potential growth in the global food-grade lubricants market.

Moreover, the increased use of advanced technologies in these countries has led to the growth of the global market.

Global Food Grade Lubricants Market: Competitive Players

Some main participants of the Food Grade Lubricants market are:

• BP PLC
• Exxon Mobil Corporation
• Total S.A.
• and Royal Dutch Shell Plc. 
• Kluber Lubrication Munchen SE & Co. KG
• Fuchs Petrolub SE
• Petro-Canada Lubricants Inc.
• Pepsico Inc.
• Coca-Cola Co.
• Nestle
• JBS USA

The Global Food Grade Lubricants Market is segmented as follows:

By Type of Oil 

• Mineral Oil and Synthetic Oil 
  • PAG (Polyalkylene Glycol)
  • PAO (Polyalphaolephins)
• Others 
  • Esters 
  • Silicones

By Application

• Food
• Beverages
• Pharmaceuticals
• Others

Food Grade Lubricants Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa