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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.
Due to the COVID-19 pandemic, the global Food Grade Lubricants market size is estimated to be worth US$ 244.4 million in 2021 and is forecast to a readjusted size of US$ 357.1 million by 2028 with a CAGR of 5.5% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Food Grade Lubricants market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Food Grade Lubricants landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
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 focuses on Food Grade Lubricants volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Food Grade Lubricants market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Food Grade Lubricants Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
H1
H2
3H
Segment 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
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
FUCHS
TOTAL
British Petroleum
Exxon Mobil
Petro-Canada
Jax Inc
SKF
Kluber
ITW
Anderol
Lubriplate
SINOPEC
VNOVO
SVKV Sokooil
Due to the COVID-19 pandemic, the global Food Grade Lubricants market size is estimated to be worth US$ 244.4 million in 2021 and is forecast to a readjusted size of US$ 357.1 million by 2028 with a CAGR of 5.5% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Food Grade Lubricants market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Food Grade Lubricants landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
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 focuses on Food Grade Lubricants volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Food Grade Lubricants market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Food Grade Lubricants Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
H1
H2
3H
Segment 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
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
FUCHS
TOTAL
British Petroleum
Exxon Mobil
Petro-Canada
Jax Inc
SKF
Kluber
ITW
Anderol
Lubriplate
SINOPEC
VNOVO
SVKV Sokooil
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
