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| Market size in 2024 | US$ 892.4 million |
Forecast Market size by 2030 | US$ 1.23 billion |
|---|---|---|---|
| Growth Rate | CAGR of 5.5% | Number of Pages | 144 Pages |
The global Food Grade Liquid Paraffin market size was valued at US$ 892.4 million in 2024 and is projected to reach US$ 1.23 billion by 2030, at a CAGR of 5.5% during the forecast period 2024-2030.
The United States Food Grade Liquid Paraffin market size was valued at US$ 234.5 million in 2024 and is projected to reach US$ 312.4 million by 2030, at a CAGR of 4.9% during the forecast period 2024-2030.
Food Grade Liquid Paraffin is highly refined mineral oil meeting strict purity standards for food contact and processing applications.
The global market is expanding moderately, driven by food processing and packaging needs. In 2023, production reached 450,000 metric tons globally, with food processing accounting for 65% of consumption. The market saw a 25% increase in ultra-pure grade adoption in 2023. Light grade dominates with a 70% market share, while heavy grade is growing at 6% annually. Europe leads with a 40% market share, while Asia Pacific is the fastest-growing region at 6.0% CAGR. The industry is focusing on developing enhanced purification methods, with a 30% growth in R&D investments for quality improvement.
Report Overview
Food Grade Liquid Paraffin refers to a highly purified and refined mineral oil used in the food industry as a lubricant, release agent, and glazing agent.
This report provides a deep insight into the global Food Grade Liquid Paraffin market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Food Grade Liquid Paraffin Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Food Grade Liquid Paraffin market in any manner.
Global Food Grade Liquid Paraffin Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Sasol
Shell
Exxon Mobil
Farabi Petrochem
Savita
Nippon Oil
CEPSA
Eni
H&R Group
SEOJIN CHEM
Sonneborn
MORESCO
KDOC
Atlas Setayesh Mehr
Gandhar Oil
FPCC
CNPC
Sinopec
ChemChina
Market Segmentation (by Type)
Paraffin-based Mineral Oil
Cycloalkyl Mineral Oil
Market Segmentation (by Application)
Cosmetics
Food Processing Equipment
Consumer Goods
Other
Geographic Segmentation
| Report Attributes | Report Details |
|---|---|
| Report Title | Food Grade Liquid Paraffin Market, Global Outlook and Forecast 2024-2030 |
| Market size in 2024 | US$ 892.4 million |
| Forecast Market size by 2030 | US$ 1.23 billion |
| Growth Rate | CAGR of 5.5% |
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2023 |
| Forecast Year | 2031 |
| Number of Pages | 144 Pages |
| Customization Available | Yes, the report can be customized as per your need. |
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