Food Grade Lubricants Market Analysis

Food Grade Lubricants Industry Insights

Product Insights

The mineral oil category dominates the market in 2024 with 55% share. This is ascribed to their low cost in comparison to other products, and their high demand in the beverage, food, and cosmetic industries. Additionally, the presence of a larger number of mineral oil producers plays a vital role in the growth of the market in this category. Lubricants for machines used in all industries have traditionally been made from crude oil, which is why processing technologies are mature, highly productive, and cost-effective.

The bio-based category will witness the highest CAGR during this decade, of 9.2%. This is primarily attributed to the growing environmental concerns with the extraction and processing of crude oil into diverse end-use products. Further, the rising awareness of the ingredients in food products and the processing technology, especially of their effects on health, is driving the demand for lubricants source from natural sources, such as plant- and animal-based fats. Additionally, the technological advancements in the chemical industry have yielded new processes to create lubricants from natural sources efficiently, sustainably, and cost-effectively.

The segment has the following categories:

• Mineral (Largest Category)
• Synthetic
• Bio-Based (Fastest-Growing Category)

Application Insights

The food category accounts for the largest revenue share, of 40%, in 2024. This is on account of the rising consumption of confectionery, dairy, bakery, poultry, meat, and seafood products. In addition, the increasing consumer awareness, as well as preference for high-quality attributes of meat, is set to intensify the growth of the poultry, meat, and seafood industry.

Because of changing lifestyles that increase on-the-go eating habits and a surging trend to substitute meals with smaller nutritional snacks, people are increasingly incorporating ready-to-eat and processed meat products into their daily diet. Moreover, growing consumer knowledge about protein ingredients, as well as branding efforts by major manufacturers worldwide, is expected to shift consumer perception that meat products are healthier sources of protein than a vegetarian diet. These factors are driving the market in this category all over the world.

The pharmaceutical category will have the highest CAGR, during this decade. This because the product safety and efficacy regulations on the pharmaceutical industry are the strictest in the world, especially in developed countries. No degree of contamination is allowed in medicinal products, which makes the usage of compliant lubricants in machines vita. Moreover, around the world, the growing incidence of all kinds of diseases, a booming geriatric population, increasing purchasing power, and rising health awareness are propelling the pharmaceutical industry and encouraging R&D.

The below-mentioned applications are covered:

• Food (Largest Category)
• Beverages
• Pharmaceuticals (Fastest-Growing Category)
• Cosmetics
• Others