Tuesday, November 29, 2022

Email id: support@kenresearch.com, Contact Us : +91-9015378249

Home Business 3 Key Insights on Competitive Landscape in the Global Food-Grade Lubricants Market

3 Key Insights on Competitive Landscape in the Global Food-Grade Lubricants Market

Country-niche Players Dominate the Food-Grade Lubricants Market, Despite the Presence of ~100 Competitors Comprising a Significant Number of Global and Regional Players, finds a recent market study on the Global Food-Grade Lubricants Market by Ken Research.

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 the competitive landscape of this dynamic market from its latest research study.

  1. Global Players Constitute ~15% of the Total Number of Competitors, While Country-niche Players Dominate Representing ~55% of Total Competitors by Type

Competitive Analysis by the research study found that the global food-grade lubricants market is significantly competitive with ~100 players which include country-niche players, regional players as well as a significant number of globally diversified players, who deal in the manufacturing and supplying food-grade lubricants products for application including food, beverages, cosmetics, and others. The large global players even though comprise about 15% in terms of the number of companies, hold a majority portion of the market revenue share followed by regional players which account for a strong portion of the market revenue share. Most of the players are having their headquarters in the Europe region.

  1. The majority Number of Players are Specialists, Manufacturing a Wide Array of Products in the Global Food-Grade Lubricants Market.

Detailed comparative analysis of key competitors available within the research study reveals that players have a variety of food-grade lubricant manufacturing for different product types such as mineral, synthetic, and bio-based. All leading competitors have a strong presence in the global food-grade lubricants market. Furthermore, several companies and organizations are aggressively investing in R&D to cater to end-users demands.

Request For Sample Report @

https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTIz

  • In February 2021, Metalube announced the launch of its next-generation food-safe NSF-registered high-performance chain oils.
  • In November 2020, FUSCH Group acquired PolySi Technologies Incorporated, a manufacturer of lubricants for various applications such as industrial equipment, electrical, utility, and others.

Government Initiatives & Programs to Encourage the Expansion of the Global Food Grade Lubricants Market

  • In the USA, food-grade lubricants must be formulated by title 21 Code of Federal Regulations (21CFR) 178.3570. The act further stated that lubricants with incidental food contact may be safely used on machinery used for producing, manufacturing, packing, or holding food, subject to the provision of this section.
  • China’s food hygiene law sets the standards and requirements for ensuring food hygiene and protecting food products from contamination with a harmful substance.

For more information on the research report, refer to the below link:

Competitors in Food Grade Lubricants Market

Read Also –

3 Key Insights on the US$ 500 Million Opportunity in the Global Food Grade Lubricants Market

Follow Us –

LinkedIn | Instagram | Facebook | Twitter | YouTube

Contact Us: –

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

RELATED ARTICLES

Covid Recovery and Promotion of EVs Fueling Demand for Auto Finance in Qatar: Ken Research

1. Banks dominate the Qatar Auto Finance market owing to lower interest rate and flexible repayment tenors The Qatar Auto Finance Market is consolidated...

Qatar Auto Finance Market is expected to reach QR 18.9 Bn in 2026F

Buy Now Qatar will host the FIFA World Cup 2022 which is expected to increase the tourist flow (more than 1 mn tourists are...

3 Key Insights on Competitive Landscape in the Global Solid-state Battery Market: Ken Research

Buy Now Regional players dominate the market holding nearly 40% of revenue share despite the presence of about 100 competitors comprising global players, regional players,...

Most Popular

The Increase in Demand for Perishables, Changes in Consumption Patterns, and the pandemic hit are driving the South Africa Cold Chain Market: Ken Research

Buy Now Logistics and Shipping Industry was one of the worst-hit industries during the COVID-19 lockdown Due to the restriction on movement imposed during COVID-19,...

Banks are Predicted to Overpower the Vietnam Auto Finance Market Owing to Lower Interest Rates Compared to Other Financial Institutions – Ken Research

Buy Now 1. Issues such as supply chains, finance, and human resources during the pandemic, pressurizing businesses to adapt to new normal Due to the restriction...

Covid Recovery and Promotion of EVs Fueling Demand for Auto Finance in Qatar: Ken Research

1. Banks dominate the Qatar Auto Finance market owing to lower interest rate and flexible repayment tenors The Qatar Auto Finance Market is consolidated...

Malaysia’s Quick Commerce market majorly consists of food delivery, followed by grocery delivery and last mile logistics: Ken Research

Buy Now 1. Malaysia is one of the most profitable SEA regions to approach due to strong E-commerce penetration and rising expenditure. Malaysia has the third...