Home > Chemicals & Materials > Lubricant and Greases > Food Grade Lubricants Market

Food Grade Lubricants Market Trends

Report ID: GMI7234
Published Date: Oct 2023
Report Format: PDF

Download Free Sample

Food Grade Lubricants Market Trends

There is a growing demand for bio-based and biodegradable lubricants derived from renewable resources, which not only meet stringent regulatory standards but also align with the sustainability goals of many food processing companies. Additionally, there is a noticeable shift towards the development of specialized lubricants that offer improved performance, such as extended equipment life, enhanced wear protection, and increased operational efficiency. Manufacturers are also investing in research and development to create lubricants that can withstand extreme temperatures and high-pressure washdowns, catering to the demands of modern food processing machinery.

Authors: Kiran Pulidindi, Manish Mohanan

Frequently Asked Questions (FAQ) :

The market size of food grade lubricants reached USD 355 million in 2022 and is poised to cross USD 715.9 million by 2032, led by the expansion of the food processing industry, the emphasis on food safety, and the increasing adoption of automation in food manufacturing processes.

The mineral oil segment generated USD 210.9 million in revenue in 2022, due to their cost-effectiveness, wide availability, and well-established performance characteristics.

North American market size was valued at USD 111.9 million in revenue in 2022, driven by the stringent regulatory framework imposed by organizations such as the U.S. FDA and the Canadian Food Inspection Agency (CFIA) in Canada.

The industry includes Exxon Mobil Corporation, Fuchs Petrolub SE, Klüber Lubrication, TotalEnergies, BP PLC, Chevron, Petro-Canada Lubricants Inc., Ashland Global Holdings, Dow Chemical Company, JAX Inc., SKF, Illinois Tool Works Inc, Elba Lubrication Inc, CRC Industries, and Nye Lubricants.