The growth of the industry is attributed to the increasing concern for food safety across the globe, as well as the surging number of foodborne illnesses.

Over the past few years, there is a surge in the number of foodborne illnesses, and approximately 650 million people are suffering from these illnesses across the globe every year. Several food-related illnesses are caused due to accidental contact with lubricants being utilized in manufacturing machinery. Therefore, the requirement for food-grade lubricants is rapidly increasing to avoid contamination of both raw materials and finished products.

Get More Insights: Food Grade Lubricants Market Revenue Estimation and Growth Forecast Report

Furthermore, the recovery of post-recession of the overall economy, as well as the mounting requirement for lubricants and grease in modern machinery will further boost the advancement of the regional industry.

APAC will witness the fastest growth, propelling at an 8.4% CAGR, in the years to come. This is because of the changing and increasing trend in the food sector, along with the rising acceptance of processed food in India, Japan, and China.

With the increasing food safety concerns, coupled with the rising prevalence of foodborne illnesses, the food grade lubricants industry will continue to advance in the years to come.