Global Food Grade Lubricants Market Growth 2023-2029

Global Food Grade Lubricants Market Growth 2023-2029

Food grade lubricants are permitted for possible incidental contact with food products. The lubricants based on ingredients used are categorized as H1 (food grade lubricants, permitted for incidental contact), H2 (lubricants not permitted to have incidental contact), and H3 (soluble oils). The certification for this categorization is provided by organizations such as NSF International.

LPI (LP Information)' newest research report, the “Food Grade Lubricants Industry Forecast” looks at past sales and reviews total world Food Grade Lubricants sales in 2022, providing a comprehensive analysis by region and market sector of projected Food Grade Lubricants sales for 2023 through 2029. With Food Grade Lubricants sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Food Grade Lubricants industry.

This Insight Report provides a comprehensive analysis of the global Food Grade Lubricants landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Food Grade Lubricants portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Food Grade Lubricants market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Food Grade Lubricants and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Food Grade Lubricants.

The global Food Grade Lubricants market size is projected to grow from US$ 239.1 million in 2022 to US$ 352.6 million in 2029; it is expected to grow at a CAGR of 352.6 from 2023 to 2029.

Global food grade lubricants key players include FUCHS, TOTAL, British Petroleum, Exxon Mobil, etc. Global top 5 manufacturers hold a share over 54%.

Europe is the largest market, with a share about 50%, followed by North America and Japan, both have a share over 45 percent.

This report presents a comprehensive overview, market shares, and growth opportunities of Food Grade Lubricants market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

H1

H2

3H

Segmentation by application

Meat & Pork Processing

Poultry

Agri Processing (grain, oilseed, corn, rice)

Animal Food & Nutrition

Dairy

Beverage including Soft Drinks and Distilleries

Packaging

Confection/Sugar

Frozen Fruit/Veg

Other Bakeries

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

FUCHS

TOTAL

British Petroleum

Exxon Mobil

Petro-Canada

Jax Inc

SKF

Kluber

ITW

Anderol

Lubriplate

SINOPEC

VNOVO

SVKV Sokooil

Key Questions Addressed in this Report

What is the 10-year outlook for the global Food Grade Lubricants market?

What factors are driving Food Grade Lubricants market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Food Grade Lubricants market opportunities vary by end market size?

How does Food Grade Lubricants break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.