Food Grade Mineral Oil Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

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 2025-2034, growing at a CAGR of 3.50%.

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.

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
• Asia-Pacific
• Latin America
• Middle East and Africa

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 report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.