Lipid Market Size, Share, Growth Analysis, By Source(Plant and Animal), By Application(Food and Beverages and Pharmaceuticals.), By Region - Industry Forecast 2024-2031

Global Lipid Market size was valued at USD 13.65 billion in 2022 and is poised to grow from USD 14.59 billion in 2023 to USD 24.88 billion by 2031, growing at a CAGR of 6.9% during the forecast period (2024-2031).

The market growth is driven by the growing demand for lipid-based food products and the increasing awareness regarding the health benefits of lipids. The expansion is attributed to its expanding applications in sectors like pharmaceuticals, food & beverage, and dietary supplements. Due to their high energy and fat-soluble vitamin content, lipids are regarded as a crucial component in the creation of dietary supplements. Furthermore, the availability of dietary supplements in a range of flavors and forms has increased their social acceptability among all age groups. The prevalence of obesity and other health-related problems has significantly increased as a result of rapid urbanization, sedentary lifestyles, and increased fast food consumption.

As a result, people are becoming more health conscious, and demand for nutritional lipids is rising everywhere. In order to preserve the flavor and aroma of their products, many food manufacturing companies also use lipids as a substitute for synthetic flavoring carriers. This is also attributable to their outstanding functional qualities, which include emulsification, hydrogenation, and density. To increase their influence in the pharmaceutical and food and beverage (F&B) industries, major players are developing new nutritional ingredients. To boost overall sales, they also heavily rely on advertising campaigns that feature celebrity endorsements. Additionally, the global demand for lipid supplements is being positively impacted by the growing vegan and vegetarian population as well as the emerging need to supplement daily diets with adequate nutrition.

US Lipid Market is poised to grow at sustainable CAGR for the next forecast year.