3 Key Insights on the US$ 500 Million Opportunity in the Global Food Grade Lubricants Market REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Buy Now Driven by the growing usage among the food and beverages industry. The Global Food-Grade Lubricants Market is forecasted at approximately US$ 500 Mn by 2028 says Ken Research Study. Food Grade lubricants are categorized under oil and grease, acceptable for use in meat, poultry, and other food processing equipment, application, and plants. Lubricants are broken into different categories on the likelihood they will contact food. As of now, food-grade lubricants are designated as H1, H2, and H3. The approval and registration of new lubricants into one of these categories are based on the ingredient used in the formulation. “Ken Research shares 3 key insights on this high-opportunity market from its latest research study.” Rising Consumer Awareness and Unhygienic Food Manufacturing Plant, are Driving Factors for This Market. According to Ken Research Analysis, the Global Food Grade Lubricants Market was valued at US$ 200 million in 2017, it is estimated to be ~US$ 300 million in 2022 and is forecasted to reach a market size of ~US$ 500 million opportunities by 2028. Food safety concerns are likely to benefit the food-grade lubricants. Foodborne diseases are occurring due to the contamination of food by non-food lubricants, foodborne illness is caused by consuming polluted food and beverages. Consumer awareness is rising since the outbreak of COVID-19, people are more active and know what to consume. Various manufacturing plants are now continuously adopting measures and adhering to government regulations regarding the adoption of food-grade lubricants, which is likely to fuel the demand of this market. 2. Surging Production and Consumption of Dairy Food, Meat, and other Related Products, is Likely to Fuel the Market Growth. According to Invest India, India ranks 8th in meat production in the world. Meat production in the country has increased from 6.69 MT in 2014-15 to 8.80 MT in 2020-21. Furthermore, fish production has reached an all-time high of 16.19 MMT during 2021-22. As per the Organization for Economic Co-operation and Development (OECD), world milk production increased by 1.3% in 2019 to about 852 MT. The share of fresh dairy products in world consumption is expected to increase over the coming decade due to strong demand growth in India, Pakistan, and Africa, driven by income and population growth. The rise in the production and consumption of food and beverages is likely to fuel the market growth of food-grade lubricants. Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTIz https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTIz 3. Strict Rules for over Production of Chemicals in Plants, is Likely to Hamper the Growth of the Food Grade Lubricants Market. The USA has various regulatory bodies that supervise chemical reporting, wastewater discharge from facilities, oil spills, hazardous substance releases, and various other regulations. Section 313 of the Emergency Planning and Community Rights-to-know-Act (EPCRA) created the Toxic Release Inventory (TRI) program. Under the requirement of EPCRA, all USA facilities that meet TRI reporting criteria must submit TRI data to the Environmental Protection Agency (EPA) and the relevant state government by 1st July of each year. EPA investigates the cases of EPCRA non-compliances leading to civil penalties, including monetary fines. For more information on the research report, refer to the below link: Bio-based Food Grade Lubricants Market Read Also – 3 Key Insights on Nearly $7 Bn Opportunity in the Global Agricultural Pumps Market Follow Us – LinkedIn | Instagram | Facebook | Twitter | YouTube Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Tags: Africa Food Grade Lubricants Market, Asia-Pacific Food Grade Lubricants Market, Beverages Food-Grade Lubricants Market, Bio-based Food Grade Lubricants Market, Challenges in Growth of Food Grade Lubricants Market, CITGO Food Grade Lubricants Market, Competitors in Food Grade Lubricants Market, Demand for Food Grade Lubricants in Industrial Sector, Distributors of Food Grade Lubricants, Dow Chemical Food Grade Lubricants Market, Edible Lubricants Market, Edible Oil Manufacturers, Emerging Companies in Food Grade Lubricants Market, ENEOS Corp Food Grade Lubricants Market, Eni Food Grade Lubricants Market, Europe Food Grade Lubricants Market Revenue, Exxon Mobil Food Grade Lubricants Market, Food Chemicals Manufacturing Sector, Food Grade Chemicals Market, Food Grade Grease Market, Food Grade Lubricants Demand, Food Grade Lubricants Industry, Food Grade Lubricants Market Trends, Food Grade Lubricants Raw Material Suppliers, Food Grade Lubricants Startups, Food Grade Oils Market, FUCHS PETROLUB Food Grade Lubricants Market, Global Food Grade Lubricants Distributors, Global Food Grade Lubricants Industry, Global Food Grade Lubricants Manufacturers, Global Food Grade Lubricants Market, H1 Food-Grade Lubricants Market, H2 Food-Grade Lubricants Market, H3 Food-Grade Lubricants Market, Investment in Food Grade Lubricants Solutions, Investments in Food Grade Lubricants Startups, Lanxess Food Grade Lubricants Market, Latin America Food Grade Lubricants Market, Leading Players in Food Grade Lubricants Market, Middle East Food Grade Lubricants Market, Mineral Food Grade Lubricants Market, North America Food Grade Lubricants Market, Pharmaceuticals Food-Grade Lubricants Market, Phillips 66 Food Grade Lubricants Market, SKF Food Grade Lubricants Market, Suppliers of Food Grade Lubricants, Synthetic Food Grade Lubricants Market, Top Food Grade Lubricants Companies, Total Energy Food Grade Lubricants Market