Food Grade Lubricants Market - Growth, Trends, and Forecast (2020 - 2025)

Food Grade Lubricants Market - Growth, Trends, and Forecast (2020 - 2025)

The market for food-grade lubricants is expected to grow at a CAGR of over 5 % globally during the forecast period. Major factors driving the market studied are increasing food safety regulations and growing application in various industries. On the flip side, the dearth of awareness among manufacturers is hindering the growth of the market studied.

  • Increasing applications in the food & beverage industry are expected to drive market growth during the forecast period.
  • Europe is expected to dominate the market across the globe with the largest consumption from countries such as Germany, the United Kingdom, and France.
Key Market Trends

Increasing Application in Food & Beverages Industry
  • Food grade lubricants are synthetic lubricants that are specially designed for industrial machinery in which incidental contact may occur between food and lubricants.
  • These oils also comply with food/health and safety regulations, as well as be physiologically inert, tasteless, odorless and internationally approved
  • It is susceptible to these lubricants used in machinery to come into accidental contact with the food & beverages being produced, following a leak, overflow or a lubrication fault, where these food grade lubricants play a vital role featuring their neutral property.
  • In the food & beverage industry, due to high sources of contamination from the oils used in slicers, grinders, mixers, conveyors, bottling machines, sealing equipment, and various other packaging machines, food safety regulations have been implemented to use these food grade lubricants and thereby reduce risk of contamination.
  • About 296 Approved Cold Chain Projects in food processing industry have been approved in India as on May 2019 creating an increasing application for food grade lubricants during manufacturing and packaging.
  • Hence, owing to the growing food & beverage manufacturing especially in Asia-Pacific and European regions, the demand for food grade lubricants is expected to increase over the forecast period.
Europe Region to Dominate the Market
  • Europe region is expected to dominate the market for Food grade lubricants during the forecast period. Due to the high demand application from countries like Germany, the United Kingdom, and France the market for food-grade lubricants has been increasing.
  • The largest application of food-grade lubricants is found in Europe. Some of the leading companies in the production of food-grade lubricants in Europe are CONDAT Group, Matrix Specialty Lubricants B.V, Dow, Clearco Products Co., Inc.
  • In Europe, the sales of food & beverage rose by 10% from EUR 110,270 million in 2018 to EUR 120,386 million in 2019 alternately showing an increase in the production where the scope of application for these food grade lubricants is attributed.
  • According to EU Food & Drinks industry statistics, there are about 2,40,000 food & beverage manufacturing companies in Europe where the maximum application of food-grade lubricants is found.
  • The aforementioned factors, coupled with government support, are contributing to the increasing demand for food grade lubricants market during the forecast period.
Competitive Landscape

The global food grade lubricants market is fragmented, with players accounting for a marginal share in the market. Some of the major companies include Dow, The Chemours Company, The Lubrizol Corporation, CONDAT Group, Matrix Specialty Lubricants B.V.

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1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Food Safety Regulations
4.1.2 Growing Application in Various Industries
4.2 Restraints
4.2.1 Dearth of Awareness
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porters Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Degree of Competition
5 MARKET SEGMENTATION
5.1 Food Grade
5.1.1 H1
5.1.2 H2
5.1.3 H3
5.2 Product Type
5.2.1 Grease
5.2.2 Hydraulic Fluid
5.2.3 Gear Oil
5.2.4 Others
5.3 End-user Industry
5.3.1 Food & Beverage
5.3.2 Cosmetics
5.3.3 Edible Oil
5.3.4 Others
5.4 Geography
5.4.1 Asia-Pacific
5.4.1.1 China
5.4.1.2 India
5.4.1.3 Japan
5.4.1.4 South Korea
5.4.1.5 Rest of Asia-Pacific
5.4.2 North America
5.4.2.1 United States
5.4.2.2 Canada
5.4.2.3 Mexico
5.4.3 Europe
5.4.3.1 Germany
5.4.3.2 United Kingdom
5.4.3.3 France
5.4.3.4 Russia
5.4.3.5 Rest of Europe
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle-East and Africa
5.4.5.1 Saudi Arabia
5.4.5.2 South Africa
5.4.5.3 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Calumet Branded Products, LLC
6.4.2 CITGO Petroleum Corporation
6.4.3 Clearco Products Co., Inc
6.4.4 CONDAT Group
6.4.5 Dow
6.4.6 Elba Lubrication Inc
6.4.7 Engen Petroleum Ltd
6.4.8 Kluber Lubrication
6.4.9 Lubrication Engineers
6.4.10 Matrix Specialty Lubricants B.V.
6.4.11 Petrelplus Inc
6.4.12 Petro Canada
6.4.13 Petro Canada
6.4.14 The Chemours Company
6.4.15 The Lubrizol Corporation
6.4.16 Ultrachem, Inc
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Potential Growth in African Food Processing Sector
7.2 Other Opportunities

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