Global Food Grade Lubricants Market Growth 2019-2024

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. Similarly, the ISO provides certification 21469 to manufacturers with high sanitation and hygiene standards for manufacture of food grade lubricants. The manufacturers may also attain additional certifications for halal and kosher compliance. Food grade lubricants based on application is segmented into four categories, namely, food, beverages, pharmaceuticals & cosmetics, and others. The food application is the largest segment of the market.
Currently, there are many producing companies in the world Food Grade Lubricants industry, especially in Europe and North America.
Europe is the largest supplier of Food Grade Lubricants, with a production market share nearly 47.59% and sales market share nearly 31.84% in 2015. That is to say, there will be exports in Europe, while Europe also is the largest consumption region.
The second place is North America; following Europe with the production market share of 40.49% and the sales market share over 29.12%. Asia (Ex. China) is another important market of Food Grade Lubricants, enjoying 4.62% production market share and 14.69% sales market share.
Food Grade Lubricants is used in Food, Beverages and Pharmaceuticals & Cosmetics areas. Report data showed that 51.71% of the Food Grade Lubricants market demand in Beverages application, 31.71% in commercial transport application, and 16.59% in Pharmaceuticals & Cosmetics areas in 2015.
There are three kinds of Food Grade Lubricants, which are Mineral Oil, Synthetic Oil and Bio-based Oil Mineral Oil is wildly used in the Food Grade Lubricants, with a production market share nearly 79.16% in 2015.

According to this study, over the next five years the Food Grade Lubricants market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Food Grade Lubricants business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Food Grade Lubricants market by product type, application, key manufacturers and key regions and countries.

This study considers the Food Grade Lubricants value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Mineral Oil
Synthetic Oil
Bio-based Oil
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Food
Beverages
Pharmaceuticals & Cosmetics

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
FUCHS
British Petroleum
TOTAL
Exxon Mobil
Petro-Canada
Chemtura (Anderol)
Kluber
ITW
SKF
Jax Inc.

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Food Grade Lubricants consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Food Grade Lubricants market by identifying its various subsegments.
Focuses on the key global Food Grade Lubricants manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Food Grade Lubricants with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Food Grade Lubricants submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.