Peru Food Grade Lubricants Market Size & Outlook
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Peru food grade lubricants market highlights
- The Peru food grade lubricants market generated a revenue of USD 0.4 million in 2024 and is expected to reach USD 0.9 million by 2030.
- The Peru market is expected to grow at a CAGR of 11.9% from 2025 to 2030.
- In terms of segment, mineral was the largest revenue generating product in 2024.
- Synthetic is the most lucrative product segment registering the fastest growth during the forecast period.
Food grade lubricants market data book summary
| Market revenue in 2024 | USD 0.4 million |
| Market revenue in 2030 | USD 0.9 million |
| Growth rate | 11.9% (CAGR from 2025 to 2030) |
| Largest segment | Mineral |
| Fastest growing segment | Synthetic |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mineral, Synthetic, Bio-Based |
| Key market players worldwide | Exxon Mobil Corp, CITGO Petroleum Corporation, Fuchs SE ADR (Representing Pref. Shares), TotalEnergies SE, Suncor Energy Inc, Kluber Lubrication Munchen SE & Co. KG, SKF AB ADR, Lanxess AG, JAX INC., Shell PLC, Chevron Corp, Clearco Products, Condat, Dow Inc, Elba Lubrication, Matrix, The Chemours Company, The Lubrizol Corp |
Other key industry trends
- In terms of revenue, Peru accounted for 0.1% of the global food grade lubricants market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil food grade lubricants market is projected to lead the regional market in terms of revenue in 2030.
- Peru is the fastest growing regional market in Latin America and is projected to reach USD 0.9 million by 2030.
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Food Grade Lubricants Market Scope
Food Grade Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Elba Lubrication | View profile | 11-50 | Flushing, New York, United States, North America | https://elba-lubes.com |
| Clearco Products | View profile | 11-50 | Willow Grove, Pennsylvania, United States, North America | https://www.clearcoproducts.com |
| Condat | View profile | 251-500 | Berlin, Berlin, Germany, Europe | http://www.condat.de/ |
| JAX INC. | View profile | 101-250 | Menomonee Falls, Wisconsin, United States, North America | http://jax.com |
| The Chemours Company | View profile | 5001-10000 | Wilmington, Delaware, United States, North America | https://www.chemours.com |
| CITGO Petroleum Corporation | View profile | 1001-5000 | Houston, Texas, United States, North America | https://www.citgo.com/Home.jsp |
| Matrix | View profile | 11-50 | London, England, United Kingdom, Europe | http://www.matrix.org |
| Kluber Lubrication Munchen SE & Co. KG | View profile | 1001-5000 | Munich, Bayern, Germany, Europe | https://www.klueber.com/ |
| Suncor Energy Inc | View profile | 14906 | 150 - 6th Avenue S.W., P.O. Box 2844, Calgary, AB, Canada, T2P 3E3 | https://www.suncor.com |
| SKF AB ADR | View profile | 40051 | Sven Wingquists Gata 2, Gothenburg, Sweden, SE-415 50 | https://www.skf.com |
| Fuchs SE ADR (Representing Pref. Shares) | View profile | 6338 | Einsteinstraße 11, Mannheim, Germany, 68169 | https://www.fuchs.com |
| Lanxess AG | View profile | 12621 | Kennedyplatz 1, Cologne, Germany, 50569 | https://www.lanxess.com |
| Shell PLC | View profile | 100000 | Shell Centre, London, United Kingdom, SE1 7NA | https://www.shell.com |
| The Lubrizol Corp | View profile | 5001-10000 | Wickliffe, Ohio, United States, North America | http://www.lubrizol.com/ |
| TotalEnergies SE | View profile | 100000 | 2, Place Jean Millier, La Defense 6, Courbevoie, France, 92400 | https://www.totalenergies.com |
| Chevron Corp | View profile | 45600 | 6001 Bollinger Canyon Road, San Ramon, CA, United States, 94583-2324 | https://www.chevron.com |
| Exxon Mobil Corp | View profile | 61500 | 22777 Springwoods Village Parkway, Spring, TX, United States, 77389-1425 | https://www.exxonmobil.com |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
Peru food grade lubricants market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to food grade lubricants market will help companies and investors design strategic landscapes.
Mineral was the largest segment with a revenue share of 100% in 2024. Horizon Databook has segmented the Peru food grade lubricants market based on mineral, synthetic, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
Peru is one of the fastest-growing markets as it has adopted export-friendly policies. International trade, which represents around 48% of the country’s GDP, is the major factor contributing to the growth of lubricants market in Peru. The food processing industry of this country is one of the most dynamic factors, representing about 24% of the industrial GDP.
Peru’s middle class is now willing to pay moderately higher prices of quality products. Products such as fats, spreads, cheese, oils, and baked goods are benefiting from this growing shift in consumers’ preferences. In the year 2019, as per the Ministry of Production, the food industry registered highest growth rate, driven mainly by the growth of fishing, prepared animal feed and mill products. More than 3000 companies are engaged in food processing in Peru, and rising investment in the industrial sectors is anticipated to propel the demand for food grade lubricant in the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Peru food grade lubricants market , including forecasts for subscribers. This country databook contains high-level insights into Peru food grade lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Peru food grade lubricants market size, by product, 2018-2030 (US$M)
Peru Food Grade Lubricants Market Outlook Share, 2024 & 2030 (US$M)
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