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Global Food Grade Mineral Oil Market: By Application: Food and Beverages, Feed, Dietary Supplements, Pharmaceuticals, Cosmetics and Personal Care, Others; Historical Market and Forecast (2016-2026); 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 2021-2026.

 

Food Grade Mineral Oil Market

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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: Industry Definition and 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.

 

Food Grade Mineral Oil Market by Application

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On the basis of application, the market is divided into:

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Food Grade Mineral Oil Market by Region

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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 industry based on the Porter's five forces model along with giving a SWOT analysis.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 (2016-2020) 
    8.3    Global Mineral Oil Market Forecast (2021-2026)
    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 (2016-2020) 
    9.3    Global Food Grade Mineral Oil Market Forecast (2021-2026)
    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 (2016-2020)
            9.4.1.3    Forecast Trend (2021-2026)
        9.4.2    Feed
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2016-2020)
            9.4.2.3    Forecast Trend (2021-2026)
        9.4.3    Dietary Supplements
            9.4.3.1    Market Share
            9.4.3.2    Historical Trend (2016-2020)
            9.4.3.3    Forecast Trend (2021-2026)
        9.4.4    Pharmaceuticals
            9.4.4.1    Market Share
            9.4.4.2    Historical Trend (2016-2020)
            9.4.4.3    Forecast Trend (2021-2026)
        9.4.5    Cosmetics and Personal Care
            9.4.5.1    Market Share
            9.4.5.2    Historical Trend (2016-2020)
            9.4.5.3    Forecast Trend (2021-2026)
        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 (2016-2020)
        10.1.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        10.2.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        10.3.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        10.4.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        10.5.2    Forecast Trend (2021-2026)
        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    EMR’s Key Indicators for Demand
    11.4    EMR’s Key Indicators for Price
12    Value Chain Analysis
13    Price Analysis

    13.1    North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.2    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.3    Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.4    Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.5    Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
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 Figures and Tables

1.    Global Mineral Oil Market: Key Industry Highlights, 2016 and 2026
2.    Global Mineral Oil Historical Market: Breakup by Type (USD Billion), 2016-2020
3.    Global Mineral Oil Market Forecast: Breakup by Type (USD Billion), 2021-2026
4.    Global Mineral Oil Historical Market: Breakup by Application (USD Billion), 2016-2020
5.    Global Mineral Oil Market Forecast: Breakup by Application (USD Billion), 2021-2026
6.    Global Mineral Oil Historical Market: Breakup by Region (USD Billion), 2016-2020
7.    Global Mineral Oil Market Forecast: Breakup by Region (USD Billion), 2021-2026
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), 2016-2020
10.    Global Food Grade Mineral Oil Market Forecast: Breakup by Application (USD Billion), 2021-2026
11.    Global Food Grade Mineral Oil Historical Market: Breakup by Region (USD Billion), 2016-2020
12.    Global Food Grade Mineral Oil Market Forecast: Breakup by Region (USD Billion), 2021-2026
13.    North America Food Grade Mineral Oil Historical Market: Breakup by Country (USD Billion), 2016-2020
14.    North America Food Grade Mineral Oil Market Forecast: Breakup by Country (USD Billion), 2021-2026
15.    Europe Food Grade Mineral Oil Historical Market: Breakup by Country (USD Billion), 2016-2020
16.    Europe Food Grade Mineral Oil Market Forecast: Breakup by Country (USD Billion), 2021-2026
17.    Asia Pacific Food Grade Mineral Oil Historical Market: Breakup by Country (USD Billion), 2016-2020
18.    Asia Pacific Food Grade Mineral Oil Market Forecast: Breakup by Country (USD Billion), 2021-2026
19.    Latin America Food Grade Mineral Oil Historical Market: Breakup by Country (USD Billion), 2016-2020
20.    Latin America Food Grade Mineral Oil Market Forecast: Breakup by Country (USD Billion), 2021-2026
21.    Middle East and Africa Food Grade Mineral Oil Historical Market: Breakup by Country (USD Billion), 2016-2020
22.    Middle East and Africa Food Grade Mineral Oil Market Forecast: Breakup by Country (USD Billion), 2021-2026
23.    North America Historical Price Trends and Forecast 2016-2026
24.    Europe Historical Price Trends and Forecast 2016-2026
25.    Asia Pacific Historical Price Trends and Forecast 2016-2026
26.    Latin America Historical Price Trends and Forecast 2016-2026
27.    Middle East and Africa Historical Price Trends and Forecast 2016-2026
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 2021-2026, 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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