Reports
Global Food Grade Mineral Oil Market: By Application: Food and Beverages, Feed, Dietary Supplements, Pharmaceuticals, Cosmetics and Personal Care, Others; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Price Analysis; Competitive Landscape; Industry Events and Developments
Global Food Grade Mineral Oil Market Outlook
The global food grade mineral oil market is expected to grow at a CAGR of 3.5% in the forecast period of 2023-2028.
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Rising Demand for the Product from the End User Industries to Aid the Food Grade Mineral Oil Industry
The global market for food grade mineral oil is being driven by the rising demand for the product from the end user industries in the emerging economies of Latin America and the Asia Pacific like Malaysia, Singapore, India, Brazil, and China. These countries have organized many opportunities for the expansion of food grade mineral oil industry. The market is further expected to be pushed by the maturing use of high-end mineral oil in the production of biomedicine over the forecast period. This is further expected to be accelerated by the rising medical services within countries like Singapore, India, and Hong Kong.
Currently, North America is the predominant market for food grade mineral oil industry. This can be attributed to the rising demand of food grade mineral oil from the food industry. The market is further experiencing an upward thrust due to the WHO’s and FDA approval of the product to be used in the food industry, consequently enhancing the demand for the product and its market expansion.
Food Grade Mineral Oil: Market Segmentation
Food grade mineral oil refers to an oil which has no colour or odour and is basically used as a lubricant, moisturizer, and laxative. It is also used in the production of numerous petroleum-based products associated with food, pharmaceuticals, biomedicine, and cosmetics.
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On the basis of application, the market is divided into:
- Food and Beverages
- Feed
- Dietary Supplements
- Pharmaceuticals
- Cosmetics and Personal Care
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Diversified Approach and High Demand for Food Grade Mineral Oil to Aid the Market Growth
The market for food grade mineral oil is driven by the diversified approach and high demand of it across the global market. This is expected to gain momentum during the forecast period. The market is further encouraged by the enhancing demand for the revision of food products as a result of rising disposable income and shifting lifestyle of a large population globally. Moreover, approval by World Health Organisation / WHO and Food and Drug Administration/ FDA for the use of food grade mineral oil in the preparation of food is predicted to fuel the market expansion of food grade mineral oil in developing countries.
Key Industry Players in the Global Food Grade Mineral Oil Market
The report gives a detailed analysis of the following key players in the global food grade mineral oil market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Apar Industries Ltd.
- Sonneborn LLC
- Phillips 66 Company
- Eastern Petroleum Private Limited
- Petro-Canada Lubricants
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region |
| Breakup by Application | Food and Beverages, Feed, Dietary Supplements, Pharmaceuticals, Cosmetics and Personal Care, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Apar Industries Ltd., Sonneborn LLC, Phillips 66 Company, Eastern Petroleum Private Limited, Petro-Canada Lubricants, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Mineral Oil Market Overview
8.1 Key Industry Highlights
8.2 Global Mineral Oil Historical Market (2018-2022)
8.3 Global Mineral Oil Market Forecast (2023-2028)
8.4 Global Mineral Oil Market by Type
8.5 Global Mineral Oil Market by Application
8.6 Global Mineral Oil Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Global Food Grade Mineral Oil Market Analysis
9.1 Key Industry Highlights
9.2 Global Food Grade Mineral Oil Historical Market (2018-2022)
9.3 Global Food Grade Mineral Oil Market Forecast (2023-2028)
9.4 Global Food Grade Mineral Oil Market by Application
9.4.1 Food and Beverages
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2022)
9.4.1.3 Forecast Trend (2023-2028)
9.4.2 Feed
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2022)
9.4.2.3 Forecast Trend (2023-2028)
9.4.3 Dietary Supplements
9.4.3.1 Market Share
9.4.3.2 Historical Trend (2018-2022)
9.4.3.3 Forecast Trend (2023-2028)
9.4.4 Pharmaceuticals
9.4.4.1 Market Share
9.4.4.2 Historical Trend (2018-2022)
9.4.4.3 Forecast Trend (2023-2028)
9.4.5 Cosmetics and Personal Care
9.4.5.1 Market Share
9.4.5.2 Historical Trend (2018-2022)
9.4.5.3 Forecast Trend (2023-2028)
9.4.6 Others
9.5 Global Food Grade Mineral Oil Market by Region
9.5.1 Market Share
9.5.1.1 North America
9.5.1.2 Europe
9.5.1.3 Asia Pacific
9.5.1.4 Latin America
9.5.1.5 Middle East and Africa
10 Regional Analysis
10.1 North America
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.1.3 Breakup by Country
10.1.3.1 United States of America
10.1.3.2 Canada
10.2 Europe
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.2.3 Breakup by Country
10.2.3.1 United Kingdom
10.2.3.2 Germany
10.2.3.3 France
10.2.3.4 Italy
10.2.3.5 Others
10.3 Asia Pacific
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.3.3 Breakup by Country
10.3.3.1 China
10.3.3.2 Japan
10.3.3.3 India
10.3.3.4 ASEAN
10.3.3.5 Australia
10.3.3.6 Others
10.4 Latin America
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.4.3 Breakup by Country
10.4.3.1 Brazil
10.4.3.2 Argentina
10.4.3.3 Mexico
10.4.3.4 Others
10.5 Middle East and Africa
10.5.1 Historical Trend (2018-2022)
10.5.2 Forecast Trend (2023-2028)
10.5.3 Breakup by Country
10.5.3.1 Saudi Arabia
10.5.3.2 United Arab Emirates
10.5.3.3 Nigeria
10.5.3.4 South Africa
10.5.3.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Price Analysis
13.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Apar Industries Ltd.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Sonneborn LLC
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Phillips 66 Company
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Eastern Petroleum Private Limited
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Petro-Canada Lubricants
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Raw Materials
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investments
List of Key Figures and Tables
1. Global Mineral Oil Market: Key Industry Highlights, 2018 and 2028
2. Global Mineral Oil Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Mineral Oil Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Mineral Oil Historical Market: Breakup by Application (USD Billion), 2018-2022
5. Global Mineral Oil Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. Global Mineral Oil Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Mineral Oil Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. Global Food Grade Mineral Oil Market: Key Industry Highlights, 2016 and 2026
9. Global Food Grade Mineral Oil Historical Market: Breakup by Application (USD Billion), 2018-2022
10. Global Food Grade Mineral Oil Market Forecast: Breakup by Application (USD Billion), 2023-2028
11. Global Food Grade Mineral Oil Historical Market: Breakup by Region (USD Billion), 2018-2022
12. Global Food Grade Mineral Oil Market Forecast: Breakup by Region (USD Billion), 2023-2028
13. North America Food Grade Mineral Oil Historical Market: Breakup by Country (USD Billion), 2018-2022
14. North America Food Grade Mineral Oil Market Forecast: Breakup by Country (USD Billion), 2023-2028
15. Europe Food Grade Mineral Oil Historical Market: Breakup by Country (USD Billion), 2018-2022
16. Europe Food Grade Mineral Oil Market Forecast: Breakup by Country (USD Billion), 2023-2028
17. Asia Pacific Food Grade Mineral Oil Historical Market: Breakup by Country (USD Billion), 2018-2022
18. Asia Pacific Food Grade Mineral Oil Market Forecast: Breakup by Country (USD Billion), 2023-2028
19. Latin America Food Grade Mineral Oil Historical Market: Breakup by Country (USD Billion), 2018-2022
20. Latin America Food Grade Mineral Oil Market Forecast: Breakup by Country (USD Billion), 2023-2028
21. Middle East and Africa Food Grade Mineral Oil Historical Market: Breakup by Country (USD Billion), 2018-2022
22. Middle East and Africa Food Grade Mineral Oil Market Forecast: Breakup by Country (USD Billion), 2023-2028
23. North America Historical Price Trends and Forecast 2018-2028
24. Europe Historical Price Trends and Forecast 2018-2028
25. Asia Pacific Historical Price Trends and Forecast 2018-2028
26. Latin America Historical Price Trends and Forecast 2018-2028
27. Middle East and Africa Historical Price Trends and Forecast 2018-2028
28. Global Food Grade Mineral Oil Market Structure
Key Questions Answered in the Report
The global food grade mineral oil market is projected to grow at a CAGR of 3.5% between 2021 and 2026.
The major drivers of the industry, such as rising disposable incomes, increasing population, changing lifestyles, and rising demand from the developing regions, are expected to aid the market growth.
The key trend guiding the growth of the market includes the WHO’s and FDA approvals of the product to be used in the food industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading application segments in the industry are food and beverages, feed, dietary supplements, pharmaceuticals, and cosmetics and personal care, among others.
The major players in the industry are Apar Industries Ltd., Sonneborn LLC, Phillips 66 Company, Eastern Petroleum Private Limited, and Petro-Canada Lubricants, among others.
Analyst Review
The global food grade mineral oil market is being driven by the changing lifestyles. Aided by regulatory approvals, the market is expected to witness a moderate growth in the forecast period of 2023-2028, growing at a CAGR of 3.5%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on application, the market is segmented into food and beverages, feed, dietary supplements, pharmaceuticals, and cosmetics and personal care, among others. The major regional markets for food grade mineral oil are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Apar Industries Ltd., Sonneborn LLC, Phillips 66 Company, Eastern Petroleum Private Limited, and Petro-Canada Lubricants, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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