Mineral Based Food Grade Lubricant Market Size (2024 – 2030)

The Global Mineral Based Food Grade Lubricant Market was valued at USD 352 million and is projected to reach a market size of USD 565.24 million by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 7%.

Mineral-based food-grade lubricants are made from highly refined petroleum oil and are designed especially to be used safely in settings where food is processed.  Strict food safety criteria are met by these colorless, odorless, and tasteless lubricants, which also won't leave stains and are non-toxic in accidental amounts.  Their main purpose is to lessen wear and friction in machinery used in the food processing industry, such as packaging machines, conveyor belts, and bottling lines, where food may come into unintended contact.  Mineral-based lubricants are the market leader for food-grade lubricants because of their accessibility and low cost.

Key Market Insights:

The food processing industry in the Asia-Pacific area is growing by 2.5% to 3.5% annually because of the region's notable economic growth. As a result, there will be a greater need for lubricants to sustain this growing infrastructure.

Mineral-based lubricants are more affordable than synthetic or bio-based substitutes. A market share of more than 70% since it is affordable. They are therefore a financially sensible choice for food processing enterprises.

The adoption of mineral-based food-grade lubricants has led to a remarkable 95% reduction in equipment breakdowns, ensuring smoother operations and minimal downtime. This increase in operational efficiency by 85% reflects streamlined processes and improved performance across various industrial applications.

Additionally, the shift towards these lubricants has significantly lowered environmental impact by 70%, aligning with sustainability goals and reducing ecological footprints. The trend towards eco-friendly lubricants is being driven by the emphasis on environmental responsibility. This provides opportunities for businesses to create mineral-based lubricants derived from renewable or recycled resources.

Global Mineral-Based Food Grade Lubricant Market Drivers:

The Growing Need for Mineral-Based Food-Grade Lubricants Is Driven by the Food Processing Industry

Mineral-based food-grade lubricants are driven primarily by the Asia-Pacific region's rapidly growing food processing industry. This expansion results in an increase in the use of machinery, with lubrication being necessary for anything from mixers to bottling lines to keep them operating smoothly, avoid malfunctions, and ensure efficient performance throughout intricate manufacturing lines. This demand is satisfied by mineral-based lubricants, which lower friction, stop corrosion, and shield against wear and tear all of which contribute to a consistent supply of processed food goods.

Demand for Mineral-Based Lubricants is Driven by the Need for Food Safety and Strict Regulations.
The market for mineral-based food-grade lubricants is significantly influenced by the growing concern over food safety. Manufacturers are being forced by strict international rules to use lubricants that adhere to the strictest safety standards to reduce the possibility of contamination. The market for food safety testing is expected to rise to an astounding USD 23.2 billion globally, which is indicative of this. In this environment, mineral-based lubricants are essential. They are the recommended option for applications where there is a high danger of unintentional contact with food because they are designed to abide by these stringent rules. This emphasis on safety protects consumers and builds confidence in the food processing sector, which in turn increases demand for mineral-based lubricants that put food safety first.

Global Mineral-Based Food Grade Lubricant Market Restraints and Challenges:

The market for food-grade lubricants based on minerals faces challenges on its path to expansion. Price fluctuations for mineral oil, a vital raw ingredient, can have a devastating effect on the pricing policies of firms. Market share is also under threat from synthetic and bio-based lubricants, which can have superior biodegradability and a wider temperature tolerance. Moreover, a lack of knowledge can push some end users towards less expensive, non-food grade substitutes, endangering food safety, especially in underdeveloped nations. The market is made more difficult by the existence of counterfeit goods, which frequently employ subpar ingredients and break safety laws. Strict government laws are necessary for food safety, but they can complicate and increase the cost of manufacturing for producers. The market for food-grade lubricants based on minerals needs to overcome these obstacles to flourish.

Global Mineral-Based Food Grade Lubricant Market Opportunities:

The global market for food-grade lubricants based on minerals has a bright future ahead of it. One important area is high-performance specialization, which provides lubricants that perform well in high-pressure, high-temperature, and extended-wear settings to meet the changing needs of the food processing industry. Concerns about sustainability also offer a profitable opportunity for eco-friendly option innovation. This may include lubricants made from renewable or recycled resources or even biodegradable ones. Furthermore, the chance of accidental food contact could be greatly decreased by improvements in application techniques or the creation of self-lubricating materials. Growing food processing sectors in developing nations provide promising new markets, and focused marketing and educational campaigns can increase public knowledge of food safety laws and the benefits of mineral-based lubricants. By taking advantage of these chances, the market for food-grade lubricants based on minerals is set up for success.

MINERAL BASED FOOD GRADE LUBRICANT MARKET REPORT COVERAGE:

Global Mineral-Based Food Grade Lubricant Market Segmentation: By Base Oil Type

• Mineral Oil

• Synthetic Oil

• Bio-based Oil

The type of base oil used determines the segmentation of the mineral-based food-grade lubricant market. Mineral oil is the largest and fastest-growing segment in this case, making it the clear winner. Numerous factors contribute to this supremacy. First off, mineral oils are far less expensive than their synthetic and bio-based substitutes. Second, manufacturers can rely on them because of their extensive availability due to a large network of producers. Lastly, mineral oils have a long and solid history of operating safely and dependably in applications involving food preparation. Their widely recognized characteristics and adaptability to various types of equipment reinforce their dominant position in the industry.

Global Mineral-Based Food Grade Lubricant Market Segmentation: By Application

• Food Processing

• Pharmaceuticals & Cosmetics

• Other Applications

Applications and base oil types are used to categorize the worldwide market for food-grade lubricants based on minerals. Mineral oil is the most popular and fastest-growing segment because it is widely available, reasonably priced, and has a track record of performance in food processing equipment. When it comes to applications, food processing is the leader. Mineral-based lubricants are essential for maintaining machinery operating safely and smoothly throughout the broad and varied food manufacturing sector, from bottling lines to bakery equipment.

Global Mineral-Based Food Grade Lubricant Market Segmentation: By Grade (H designations based on risk of incidental contact)

• H1 Grade (Highest food contact risk)

• H2 Grade (Lower food contact risk)

• H3 Grade (Minimal food contact risk)

Because of its affordability, accessibility, and track record in food processing equipment, mineral oil is the most popular and fastest-growing category. Food processing is by far the most popular application category. In this large and varied business, mineral-based lubricants keep everything operating smoothly and safely, from bottling lines to baking equipment. The top category of H-designation lubricants is H1-grade lubricants. They are designed to prioritize food safety through stringent rules and as a preventive measure in food processing plants, especially in scenarios where inadvertent contact with food is highly possible.

Global Mineral Based Food Grade Lubricant Market Segmentation: By Region

• North America 

• Asia-Pacific 

• Europe 

• South America 

• Middle East and Africa

Asia-Pacific is perhaps the region with the quickest rate of growth, despite North America now holding the title for market size due to its expanding economy, stricter food safety laws, and a middle class that enjoys processed foods. The food processing industry in the Asia-Pacific area is growing by 2.5% to 3.5% annually because of the region's notable economic growth. As a result, there will be a greater need for lubricants to sustain this growing infrastructure.

COVID-19 Impact Analysis on the Global Mineral Based Food Grade Lubricant Market:

The COVID-19 pandemic had a variety of effects on the world market for food-grade lubricants based on minerals. Due to initial supply chain disruptions caused by lockdowns and restrictions, there were brief shortages of certain lubricants as manufacturing and transportation came to a standstill. On the other hand, the pandemic's emphasis on cleanliness might have increased demand. Increased lubricant use to guarantee appropriate equipment maintenance may have resulted from elevated worries about food safety within processing facilities. It's possible that different regions recovered from this disruption at different rates, with some seeing a quicker increase in lubricant demand when food processing activities resumed. Overall, the COVID-19 effect seems to be transitory, with a possible short-term interruption and a subsequent increase in demand due to hygiene. Comprehensive reports on market research may have more precise information on the pandemic's measurable impacts.

Recent Trends and Developments in the Global Mineral-Based Food Grade Lubricant Market:

There is a surge of innovation in the global market for food-grade lubricants based on minerals, propelled by two major themes. First off, the market for high-performance lubricants is expanding. These mineral oils of the future generation are made to survive harder conditions; they can tolerate high temperatures and prolonged use cycles in equipment used in the food processing industry. Second, the need to be sustainable is driving people to choose more environmentally friendly products. Lubricants derived from renewable or recycled resources may be used in this, in keeping with the food industry's increasing emphasis on environmental responsibility. Moreover, efforts are underway to reduce the possibility of accidental food contact entirely, possibly using better application techniques or the creation of self-lubricating materials. These patterns demonstrate a market that is focused on the future and aims to strike a balance between increased food safety, environmental awareness, and performance.

Key Players:

1. BP plc.

2. Chevron Corporation

3. ExxonMobil Corporation

4. FUCHS Petrolub AG

5. Illinois Tool Works Inc.

6. Kluber Lubrication Munchen SE & Co. KG

7. Petro-Canada Lubricants Inc.

8. SKF GmbH

9. The DOW Chemical Company

10. TotalEnergies SE