Food grade lubricant Market Survey Report – Recent Trends, Growth Opportunities, and Market Size and Share Global Forecast Analysis – 2024 - 2032

Food grade lubricant Market Size Survey Report – In a Glance

As per the survey report on global Food grade lubricant market, the market is projected to foresee a CAGR of 8.1% between 2024-2032, and further generate a market size of USD 821.33 million by the end of 2032. In the year 2023, the market size was valued at USD 389.8 million.

• The global Food grade lubricant market is projected to grow on account of the rising concern over food safety.
• In Japan, the Food grade lubricant market growth can be attributed to the surge in the number of food processing units.
• KDMI analyst’s growth analysis foresees high cost of the lubricants to challenge the market growth.
• The Europe Food grade lubricant market is projected to dominate the global market.

Food grade lubricant Market Analysis

The substances used to reduce friction and wear between the moving parts in machinery and equipment that come into contact with food during its manufacturing, processing, packaging and handling, is known as food-safe lubricants or food-grade lubricants.

According to our experts at KD Market Insights, one of the major factors anticipated to drive the growth of the global food grade lubricant market is the rising concern over food safety globally. Our researchers have found that worldwide, foodborne illness causes about 610 million people to fall ill, while more than 400,000 deaths are recorded annually. Hence, with the rising awareness among consumers about food safety and hygiene, the demand for products that are manufactured using safe and non-toxic lubricants is expanding, thereby raising the demand for food-grade lubricants for use in the food processing industry. ExxonMobil Corporation, Royal Dutch Shell plc, Total S.A., Fuchs Petrolub SE are some of the significant parties in the global market for Food grade lubricant.

Analyst’s Observation on Japan Food grade lubricant Market Survey

In Japan, the growth of the food grade lubricant market can be attributed to the surge in the number of food processing units, along with the strong emphasis of the Japanese consumers on hygiene and quality of different types of food products as a result of the rising prevalence of food poisoning. Our researchers have found that in the nation in the year 2022, close to 7 thousand people suffered from food poisoning. On the other hand, the nation is renowned for its technological innovation and engineering prowess in the field of developing effective and environmentally friendly food-grade lubricants, which is also projected to contribute to the market growth during the forecast period. NSK Ltd., Showa Shell Sekiyu K.K., Idemitsu Kosan Co., Ltd. are some of the significant parties in the market for Food grade lubricant in Japan.

Food-grade lubricant Market Growth Drivers and Challenges

Stringent Food Safety Regulations to Drive the Market Growth:

According to the World Health Organization (WHO), about 600 million or 1 in 10 people globally fall ill after eating contaminated food, whereas 420000 people die every year due to food contamination, thereby resulting in the loss of 33 million healthy life years (DALYs). Owing to these rising concerns for food contamination, the regulatory bodies around the globe are increasingly coming up with stringent food safety regulations. These regulations mandate the need amongst food manufacturers to use lubricants that comply with the food safety standards, which is projected to raise the demand for food-grade lubricants.

High Cost of Food-Grade Lubricants to Restrict Market Growth:

The food-grade lubricants are known to have a higher price point as compared to conventional lubricants. This is due to the presence of specialized formulations and ingredients that comply with strict food safety regulations. Such high cost of these lubricants is therefore expected to limit the market growth.

Food-grade lubricant Market Segmentation

Our experts at KD Market Insights have segmented the global Food grade lubricant market research report as:

Food grade lubricant Market Regional Synopsis

The Europe Food grade lubricant market is majorly driven by the rising demand for processed and convenience food, majorly as a result of changing lifestyles, urbanization, and busier consumer lifestyles. Further, the food manufacturers in the region are increasingly seeking lubricants that are biodegradable, renewable, and have minimal impact, thereby raising opportunities for the development of sustainable solutions that meet both regulatory requirements and environmental objectives.

As per our analysts at KD Market Insights, the following five players lead the Europe Food grade lubricant market growth:

• Klüber Lubrication
• FUCHS Petrolub SE
• Rocol
• Petro-Canada Lubricants Europe
• TotalEnergies Lubricants

Food grade lubricant Market Competitive Landscape

Some of the key players who top the global Food grade lubricant market share:

• ExxonMobil Corporation
• Royal Dutch Shell plc
• Total S.A.
• Fuchs Petrolub SE
• The Lubrizol Corporation
• Klüber Lubrication München SE & Co. KG
• Petro-Canada Lubricants Inc.
• Chevron Corporation
• BP plc
• Croda International Plc
• SKF AB
• The Chemours Company 
• Schaeffer Manufacturing Co.
• H1 Food Grade Lubricants
• Clearco Products Co., Inc.
• Matrix Specialty Lubricants BV
• JAX Inc.
• Haynes Manufacturing Company
• Roc-Corbett & Associates, Inc.
• Bel-Ray Company, LLC

Food grade lubricant Market Recent Developments

• Klüber Lubrication stated that it has launched a new food-grade lubricant named Klüberfood NH1 94-6000, specifically designed for high-temperature applications in the food industry.
• NSF International stated that it has updated its certification standards for food-grade lubricants aimed at providing manufacturers with clearer guidelines and requirements for the formulation and testing of lubricants used in food processing equipment.