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Food Grade Lubricants: Global Trends and Forecasts to 2020

A market research on food grade lubricants has recently been conducted by Markets and Markets to determine global market trends and forecasts to 2020. According to the report, the international food grade lubricant market is assessed to be at 43.7 KT this year and is predicted to increase at a CAGR of 6.7% between 2015 and 2020.

Based on ingredients used, lubricants are classified as H1 (food grade lubricants, allowed for incidental contact), H2 (lubricants, not allowed to have incidental contact), and H3 (soluble oils). NSF International provides certification for this categorization. Manufacturers with high sanitation and hygiene standards in food grade lubricant manufacture get the 21469 ISO certification. Additional certifications that can be applied for by food grade manufacturers include Halal and Kosher compliance.

The market research results showed that when it comes to consumption of food grade lubricants, Europe is leading the market due to escalated food safety concerns in countries of the said region. Europe is predicted to grow at a moderate rate care of strict food safety regulations in the European nations. Also driven by stringent regulations, the North American market comes second to food grade oil consumption. As the food and beverage industry continues to expand, market in developing regions shows high growth potential. However, this growth is constricted due to the absence of rigorous food safety procedures in these regions.

The research was done on food grade lubricants by base oils and by application. Base oil types can be segmented into mineral-oil, synthetic oil, and bio-based oil. Synthetic oils are further categorized into PAO, PAG, and others including silicones & esters. In terms of volume consumed, mineral oil appears to be the largest type utilized in 2014. Mineral oil-based food grade lubricants have a high demand because of its low cost and easy availability. This demand is supported by the high number of certified mineral oil-based food grade lubricants products available in the market.

Based on application, food grade lubricants are sorted into four categories namely food, beverages, pharmaceuticals & cosmetics, and others. The largest among these segments is food application. Growth of global food grade lubricant market is pushed forward by the rising concern for food safety as well as strict regulations pertaining to it.

The rising food grade lubricants market involves both global and domestic players. With increasing demand for different types of food grade lubricants for machinery components, the key market players are focused on introducing newer products. Rely on The Industrial Lubricant Store for an extensive selection of food grade industrial lubricants guaranteed to keep your equipment operating optimally and efficiently. Browse NSF registered, Kosher/Halal certified, high quality H1 lubricants by visiting www.theindustriallubricantstore.com/products today!

About the Author
Randy Renick
Randy Renick has a Bachelor's degree from LSU. He is an STLE Certified Lubrication Specialist and has a 29 year work history in Industrial Lubrication. He is currently a Lubricant Consultant at The Industrial Lubricant Store.

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