Biobased Food Grade Lubricants Market Size (2023 – 2030)

The Global Biobased Food Grade Lubricants Market was valued at USD 384.80 Million and is projected to reach a market size of USD 689.99 Million by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 8.7%.

In a variety of uses, including the food and automotive industries, bio-based lubricants are becoming more popular as an alternative to traditional petroleum-based solutions. These are made from vegetable or animal fats. Natural oils are chemically altered through esterification, transesterification, and oxidation to create superior bio-lubricants. In comparison to mineral oils, natural oils are less costly, more readily accessible, and have superior biodegradability. High oleic variants of soybean, rapeseed, canola, and sunflower oil are currently the norm for base oils in biodegradable greases.

Key Market Insights:

A new line of food-grade bio-extreme high-temperature oven lubricants from Renewable Lubricants Inc. can operate at temperatures as high as 2,000 o C. The roller chains on oven conveyors, beverage can lines, bakery oven chains, and other food processing applications are perfect places for these lubricants.

The FUCHS Group purchased the lubricants section of Welponer SRL in Bolzano, Italy, and plans to incorporate it into its Fuchs Lubrificanti S.P.A. division.

PolySi Technologies and its subsidiaries, including PolySi Lubricants, a producer of lubricants for industries such as industrial equipment, automotive, electrical, electronic, utility, and more, were purchased by Fuchs.

When ExxonMobil announced the expansion of its cutting-edge Mobil SHC Cibus Series food-grade lubricant. The new lubricants are designed to help manufacturers of food and drinks improve machine dependability, reduce maintenance expenses, and boost output.

When Klüber Lubrication introduced a brand-new synthetic gear oil for the food industry. The new gear oil, known as Klüberfood NH1 4-220, is designed to provide higher wear prevention and increased oil life in high temperature and high load applications.

Global Biobased Food Grade Lubricants Market Drivers:

The market for biobased food-grade lubricants may expand as consumer concern about food safety rises:

A significant aspect that is anticipated to favorably affect the growth of the market for food-grade lubricants is the rising concern about food safety. Pressure to implement sanitary practices in their facilities is coming from issues including the rise in foodborne illnesses and growing customer awareness. New and stronger rules are being passed in developing nations like China, Russia, and India to regulate the quality of food goods. All of these actions will present a chance for the producers of food-grade lubricants to take action regarding the safety of their goods.

The market for biobased food-grade lubricants may be stimulated by growing packaged and processed food demand:

The demand for processed and packaged food is rising around the globe as a result of rising urbanization, shifting lifestyles, a lack of time for meal preparation, a burgeoning population, and rising purchasing power, particularly in the economies of China and India. Food-grade oils are in demand as a result of this expansion. The purpose of using food-grade oils in food processing equipment is to decrease heat and friction between mechanical parts, avoid device failure, and—most importantly keep food from becoming contaminated. However, due to the market's extreme fragmentation and the fierce competition among companies for consumer attention, product uniqueness is crucial.

Global Biobased Food Grade Lubricants Market Challenges:

Lack of proper training and awareness may challenge the biobased food-grade lubricants market growth:

The lack of knowledge about the advantages of utilizing food-grade lubricants is the main issue the industry of lubricants faces. Most end users in underdeveloped nations use conventional lubricants instead of food-grade lubricants since they are less expensive because of a lack of information. On average, roughly 25% of the lubricants used in the food sector in the U.S. and Western Europe are food-grade lubricants. Industry experts claim that H2 lubricants, which are prohibited for use in regions with potential interaction, are frequently mistaken for HI lubricants, which incidentally come into touch with food. Food items are frequently contaminated as a result of this. Use of the incorrect lubrication oil or grease might lead to significant losses.

Global Biobased Food Grade Lubricants Market Opportunities:

Growing Demand for Bio-Based Food-Grade Lubricants may spur market expansion for these products:

Products made from bio-based lubricants are based on fatty oils and other vegetable and renewable oils. Due to their biodegradability, low toxicity, renewable nature, and less negative environmental consequences, vegetable oils are more productive than conventional lubricants. Globally, the usage of bio-based lubricants in machines that process food and beverages as well as other sectors has grown dramatically in recent years. Manufacturers all over the world are emphasizing bio-based lubricants over petroleum-based lubricant products to meet the safety standard in the food production unit due to the rising cost of petroleum products, environmental and sustainability concerns, and harmful effects of petroleum lube oil.

BIOBASED FOOD GRADE LUBRICANTS MARKET REPORT COVERAGE:

Global Biobased Food Grade Lubricants Market Segmentation: By Application

• Food

• Bakery

• Dairy

• Sugar

• Meat

• poultry & seafood

• Animal feed 

• Others

• Beverages

• Pharmaceuticals

• Cosmetics

The food segment accounted for more than 60% of total income. This is due to an increase in the intake of bread, dairy, poultry, meat, and seafood products. The rise of the poultry, meat, and seafood industries is also likely to be accelerated by rising consumer knowledge of these issues as well as their choice of meat with high nutritional value. People are consuming more ready-to-eat and processed meat products every day due to changing lifestyles that promote on-the-go eating habits and a growing desire to replace meals with smaller healthy snacks. Additionally, a shift in consumer perception that meat products are healthier sources of protein than a vegetarian diet is anticipated as a result of rising consumer understanding of protein components and large manufacturers' global branding initiatives.

The market for alcoholic drinks is being significantly fueled by a considerable increase in demand from the millennial demographic throughout the world. The importance of leading a healthy lifestyle is rising, which is fueling the demand for fruit-based beverages. Additionally, it is projected that rising worries about a variety of health problems, such as obesity and nutritional deficiencies, would increase demand for fruit beverages and lead to the creation of the product.

Food-grade lubricants that have received the FDA and ISO seal of approval are used in medicinal applications. The pharmaceutical business is likely to expand as a result of rising health concerns and rising R&D investment for new product innovation.

The market for skincare products is growing as a result of expanding knowledge of healthy skin practices predisposition towards maintaining an even skin tone, and efforts made to seem attractive and youthful. The use of inclusion in cosmetic applications is anticipated to expand steadily throughout the predicted period. Over the course of the forecast period, increasing demand for cosmetics including eye shadow, lipstick, and skincare items is anticipated to fuel the market for food-grade lubricants.

Global Biobased Food Grade Lubricants Market Segmentation: By Region

• North America

• Europe

• Asia-Pacific

• South America

• Middle East and Africa

Geographically, the European food-grade lubricants industry brought in the most money by 54%, thanks to the region's established and advanced manufacturing industries. Additionally, the post-recession economic recovery as well as the rising need for grease and lubricants in contemporary machinery are anticipated to propel market expansion.

The growing demand for processed foods and drinks is another important element driving the need for bio-based food-grade lubricants in the area. The demand for these lubricants in the food processing sector is anticipated to increase as consumers in the area become more aware of the health advantages of processed food. Additionally, European food quality regulations and standards are unusually high and tight compared to the rest of the globe, which leads to an increase in the usage of premium lubricants. There are over 240,000 manufacturing businesses in the area that utilize food-grade lubricants.

The APAC market, on the other hand, is anticipated to have the quickest development, expanding at a CAGR of 8.5% over the course of the forecast period. This may be attributed to the industry's growing and evolving trend as well as consumers' growing acceptance of processed food in nations like China, India, and Japan. Additionally, lubricants derived from vegetable oil and animal fat are widely employed in the region's pharmaceutical, cosmetic, and food processing sectors for machine protection purposes. Additionally, it is anticipated that R&D projects, such as the creation of bio-based substitutes to lessen negative environmental consequences, would increase demand for food-grade lubricants.

During the projection period, China is anticipated to dominate the APAC market. It is anticipated that the demand for bio-based lubricants will increase due to supportive government regulations and the growing attention being paid to environmental issues. The development of high-performance goods and product innovation, as well as government initiatives to promote the use of bio-based lubricants, are also anticipated to fuel market expansion.

COVID-19 Impact on Global Biobased Food Grade Lubricants Market:

The pandemic has had a detrimental effect on the food-grade lubricants sector because it disrupts supply networks. The COVID-19 pandemic's initial months also caused manufacturing problems for goods including food, drinks, and cosmetics. However, due to shifting factors surrounding food safety, the use of food-grade lubricants is anticipated to expand significantly in the future years.

Global Biobased Food Grade Lubricants Market Recent developments:

In the Asia-Pacific region, a large portion of the population consumes food (poultry, meat, animal feed, and dairy products), drinks, cosmetics, and beverage items. Due to its large population, rising spending power brought on by rising disposable income, and growing middle-class population, it is thriving. Therefore, each of these elements helps to increase customer preference for expensive and various necessary goods. Asia-Pacific is the region with the largest population of all others. The area includes the most populous nations, including China and India, and is home to almost 60% of the world's population.  China's population was likely to be 1.43 billion in 2019, with India coming in second with 1.37 billion. In a similar vein, Indonesia is both the fourth most populous nation in the world and the third most populous nation in the region. Therefore, the APAC market provides a huge opportunity for food-grade lubricant providers as one of the most populous areas in the globe. The lubricating goods are necessary for the efficient operation of machines. Therefore, one of the main causes of the enormous need for food-grade lubricants in the pharmaceutical, food and beverage, cosmetics, and industrial sectors is the region's enormous population.

Key Players:

1. Exxon Mobil Corporation

2. CITGO Petroleum Corporation

3. Total S.A.

4. Petro-Canada Lubricants Inc

5. Chevron Corporation

6. Dow

7. Royal Dutch Shell

8. Lanxess Corporation

9. Lubriplate Lubricants Company

10. Metalube

• In February 2022: The next-generation high-performance chain oils were introduced by Metalube Ltd. These items improve performance-enhancing additives, decrease carbon deposits in food products, promote thermal stability, and increase equipment efficacy overall.
• In February 2021: Launched by Metalube, Metachain FG-30 chain oil is intended for use in a variety of machines, including mobile bread ovens and rolling hotplates.