Global Food Grade Lubricants Market - Industry Trends and Forecast to 2029
Data Bridge Market Research analyses that the food grade lubricants market
value, which was USD 0.32 million in 2021, is expected to reach the value of
USD 0.49 million by 2029, at a CAGR of 5.1% during the forecast
period.
Global Food Grade Lubricants Market Scope
The
food grade lubricants market is segmented on the basis of base oil and
application. The growth amongst these segments will help you analyze meagre
growth segments in the industries and provide the users with a valuable market
overview and market insights to help them make strategic decisions for
identifying core market applications.
Base
Oil
·
Synthetic oil
On the
basis of base oil, the food grade lubricants market has been segmented into
mineral oil and synthetic oil.
Synthetic oil has been further sub segmented into PAO (polyalphaolephins), PAG
(polyalkylene glycol) and others (esters and silicones).
Application
·
Food
·
Beverages
·
Pharmaceuticals and cosmetics
·
Others
On the
basis of application, the food grade lubricants market has also been segmented
into food, beverages, pharmaceuticals and cosmetics and others. Food has been
further sub segmented into bakery, sugar, dairy, meat, poultry, and sea food
and others. Others has been further sub segmented into packaging, food grade
lubricants blending, and food machinery manufacturing.
Get the sample copy of the report here:
https://www.databridgemarketresearch.com/request-a-sample?dbmr=global-food-grade-lubricants-market
Market Analysis and Size of Food Grade Lubricants
In
many countries, NSF certification is becoming the industry standard for
food-grade lubricant makers. Bio-based lubricants have gained traction as a
viable alternative to petroleum-based lubricants
in a variety of industries, including food and transportation. Animal fats or
vegetable oils are used to make them. Natural oils are chemically changed by
esterification, transesterification, and oxidation to create superior
bio-lubricants.
Data
Bridge Market Research analyses that the food grade lubricants market value,
which was USD 0.32 million in 2021, is expected to reach the value of USD 0.49
million by 2029, at a CAGR of 5.1% during the forecast period. The
“Food” segment's dominance can be ascribed to rising food safety concerns and the
fast-growing food processing industry.
Food Grade Lubricants Market Regional Analysis/Insights
The
food grade lubricants market is analysed and market size insights and trends
are provided by country, base oil and application as referenced above.
The
countries covered in the food grade lubricants market report are U.S., Canada,
Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France,
Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in
Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia,
Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific
(APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a
part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa,
Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa
(MEA).
Food Grade Lubricants Market Share Analysis
The
food grade lubricants market competitive landscape provides details by
competitor. Details included are company overview, company financials, revenue
generated, market potential, investment in research and development, new market
initiatives, global presence, production sites and facilities, production
capacities, company strengths and weaknesses, product launch, product width and
breadth, application dominance. The above data points provided are only related
to the companies' focus related to food grade lubricants market.
Some of the major players operating in the food grade lubricants market
are:
·
FUCHS (Germany),
·
BP Plc (U.K.),
·
Total (France),
·
Petro-Canada
Lubricants Inc. (Canada),
·
Exxon Mobil
Corporation. (U.S.),
·
Klüber Lubrication
München SE & Co. KG (Germany),
·
SKF (Sweden),
·
LANXESS (U.S.),
·
Illinois Tool
Works Inc. (US),
·
Jax Industrial
Lubricants (US),
·
Brit Lube (UK),
·
Clearco Products
Co., Inc. (US),
·
Freudenberg Group
(Germany),
·
HollyFrontier
Corporation (US),
·
Hydrotex Lube.
(US),
·
Interflon (India)
PVT Ltd. (India),
·
Lubriplate
Lubricants Company. (US),
·
Metalube. (UK),
·
Dow (US),
·
Royal Dutch Shell
plc (UK)
Post COVID-19 Impact on Food Grade Lubricants Market
The
recent outbreak of coronavirus has critically impacted the food grade
lubricants market. Due to a disrupted supply chain and trade restrictions, the
pandemic had a detrimental impact on the food grade lubricant business. Several
countries established severe rules on the manufacturing of cosmetics, food, and
beverages, among other things, during the early months of the pandemic.
On the
brighter side, the changes in consumer buying habits and the use of food-grade
lubricants are expected to help offset some of the losses.
Get Full Access of Report @
https://www.databridgemarketresearch.com/reports/global-food-grade-lubricants-market
TOC OF THE REPORT
·
Chapter One: Introduction
·
Chapter Two: Market Segmentation
·
Chapter Three: Market Overview
·
Chapter Four: Executive Summary
·
Chapter Five: Premium Insights
·
Chapter Six: food grade lubricants market
Get TOC Details:
https://www.databridgemarketresearch.com/toc/?dbmr=global-food-grade-lubricants-market
Browse Related Reports@
Global Methylene Chloride Market – Industry Trends and
Forecast to 2029
Global Waste Heat Recovery System Market – Industry
Trends and Forecast to 2027
Global Shotcrete/Sprayed Concrete Market – Industry
Trends and Forecast to 2027
Global High-Performance Insulation Market – Industry
Trends and Forecast to 2027
About Us:
Data Bridge Market Research set forth itself as an
unconventional and neoteric Market research and consulting firm with
unparalleled level of resilience and integrated approaches. We are determined
to unearth the best market opportunities and foster efficient information for
your business to thrive in the market
Contact:
Data Bridge Market Research
Tel: +1-888-387-2818
Email: Sopan.gedam@databridgemarketresearch.com
Comments
Post a Comment