Food Grade Lubricants Market Size

Food-Grade Lubricants Market Future Prospects

The global food-grade lubricants market size stands at an estimated USD 310.7 million in 2024, which is expected to reach USD 516.5 million by 2030, advancing at a CAGR of 8.8% during 2024–2030. This can be ascribed to the rising food safety concerns all over the world coupled with the increase in cases of foodborne diseases.

In recent years, there is a rise in the burden of foodborne diseases, and around 650 million people are suffering from these diseases all over the world each year. Many food-related diseases are caused on account of the accidental contact with lubricants being used in machinery. Hence, there is a high need for food-grade lubricants, to protect raw materials as well as finished products from contamination.

The changing lifestyle of people has resulted in a shift in consumer demand for processed canned food items. Because of their hectic schedules, a lack of time to prepare home-cooked meals, and rapid urbanization, the demand for processed food is increasing significantly, particularly in developing countries. Food-grade lubricants are used in manufacturing units of processed food. Thus, the increase in processed food demand is expected to fuel the market growth over the forecast period.