Food Grade Grease Market Global Analysis, Size, Share, Incredible Growth, Detailed Industry Analysis and Business Prospects 2022-2028
Grease or lubricant may get added in the food through
cracks, leaks or untidy use during maintenance making them indirect food
additives. This demands the use of food
grade grease in the euipments involved in the manufacturing process.
Selecting and using an appropriate food grade grease ensures a safe, smooth and
efficient working of the plant all while avoiding toxicity, maintaining the
health standards and increasing the profitability. In every geographical
region, several government authorities like NSF, NHF, FDA, NAFDAC, CFIA, FSSAI,
EFSA, MOH, FSANZ, etc. have strict regulations for the use of grease being a
food grade grease. Every country has different standards
Every lubricant, including the food grade grease, should be
able to provide sufficient lubrication for metal-metal surface separation along
with the ability to perform in extreme temperature and pressure environments.
Properties like anti-wear performance, high load carrying, good seal
compatibility, oxidation stability, rust and corrosion inhibitors are also
desirable from food grade greases. The food grade greases must resist the
impurities such as steam, process water, high pressure cleaning and acidic
conditions. Other chemicals and raw materials used in the course of
manufacturing may also act as contaminants.
Food grade grease finds extensive use in the food,
beverages, cosmetics and pharmaceutical sectors. Other areas where food grade
grease finds a small but vital share includes packaging and logistics sector,
equipment manufacturing and food grade lubricant blending to name a few.
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Market Dynamics:
The demand for food grade grease is expected to increase as
the processed food industry advances. Technological developments are identified
as a pivotal factor to propel the growth of the processed food industry and
this in turn is expected to directly to drive the food grade grease market as
well. Observing the growing concern over the food consumption, authorities such
as USDA (United States Department of Agriculture) have put forth stringent laws
that promote the use of food grade grease in the equipments handling edible
products, directly or indirectly. Such regulations will keep the demand for
food grade grease growing in respective regions during the forecast period.
The manufacturers today comply with the regulations in order
to avoid recalling the products and hefty penalty fees. Since the awareness
around the food grade grease is growing recently, innovative products will stay
in demand and propel the growth of food grade greases.
Mineral oil based food grade greases have been in a greater
demand due to the easy availability and low cost. It can experience a stable
growth during the forecast period. However, synthetic oil based food grade
grease is expected to increase demand due to its enhanced properties and better
performance.
Geographically, the food grade grease market can be
segmented into Asia Pacific, North America (U.S., Canada and Mexico), Europe,
Middle East and Africa, and Latin America.
Regional Outlook:
Currently, Europe is comparatively a bigger market in the
world for food grade greases and is followed by North America. The dominance of
these regions can be credited to the rigorous food safety norms present here.
Increased health awareness among the manufacturers is also one prominent factor
that boosts the growth of food grade grease in these regions.
However, in the near future, Asia-Pacific among all regions,
is expected to develop at the fastest pace considering the firm economic growth
of countries like China and India.
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List of Market Participants:
Presently, the food grade grease market is dominated by
several market players out of which few are listed below:
- Fuchs
Petrolub SE, Germany
- BP
PLC, United Kingdom
- Total
S.A., France
- Petro-Canada
Lubricants Inc., Canada
- Exxon
Mobil Corporation, United States of America
- Kluber
Lubrication Munchen SE & CO. KG, Germany
- AB
SKF, Sweden
- LanxessAktiengesellschaft,
Germany
- Illinois
Tool Works Inc., United States of America
- Jax
Inc., United States of America
- ITW
ROCOL, England
- Bel-Ray
Company LLC, United States of America
- Lubriplate
Lubricants Company, United States of America
- Schaeffer
Manufacturing Co., United States of America
- Suncor
Energy Inc., Canada
The research report presents a comprehensive assessment of
the market and contains thoughtful insights, facts, historical data, and
statistically supported and industry-validated market data. It also contains
projections using a suitable set of assumptions and methodologies. The research
report provides analysis and information according to market segments such as
geographies, application, and industry.
Market Segmentation:
Market for food grade grease can be segmented on the basis
of type of lubricant, base oil, end use and geographic regions.
On the basis of the type of lubricant, food grade greases
can be segmented as:
- H1
lubricants
- H2
lubricants
- 3H
lubricants (releasing agents)
- H3
lubricants (soluble oil)
- Others
On the basis of base oil, food grade greases can be
segmented by:
- Mineral
oil
- Synthetic
oil
- Polyalphaolephins
(PAO)
- Polyalkyl
Glycols (PAG)
- Easters
and silicones
- Bio-based
oil
On the basis of end use, food grade greases can be segmented
into:
- Food
industry
- Sugar
- Dairy
- Bakery
- Meat
processing
- Fruit
and vegetable processing
- Others
- Beverages
industry
- Pharmaceuticals
industry
- Cosmetics
industry
- Others
- Packaging
and logistics
- Equipment
manufacturing
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