Lipids In Human Nutrition Market Size, Share, Growth Analysis, By Type(Triglycerides, Phospholipids), By Application(Dietary Supplements, Functional Nutrition) - Industry Forecast 2024-2031

Lipids In Human Nutrition Market size was valued at USD 14.06 billion in 2019 and is poised to grow from USD 15.01 billion in 2023 to USD 23.31 billion by 2031, growing at a CAGR of 6.9% in the forecast period (2024-2031).

Increasing demand for lipids as a nutritional supplement, as well as increased customer awareness to enhance their health and changing dietary habits due to busy lives, are likely to drive industry growth in the next years. Furthermore, the product is vital in chronic illnesses such as cancer, arthritis, asthma, cystic fibrosis, and diabetes, which is projected to drive the market and show a significant rise throughout the forecast period.

Lipids are chemical molecules that are by-products of the production of fatty acids and related substances from both plants and animals. They are used in applications such as food and drinks, nutrition and supplements, medicines, animal nutrition, and personal care. Governments in UK, US, Germany, and Australia, on the other hand, have set guidelines for the production and sale of lipid products. For example, in the United States, the Food and Drug Administration (FDA) developed guidelines for manufacturing lipid products.

Owing to the COVID-19 pandemic, the demand for lipid-based supplements has increased significantly due to their health-promoting qualities. Furthermore, Moderna Inc., a pharmaceutical company located in the United States, has extended a contract with Corden Pharma to safeguard large quantities of lipids and use them to make its trial COVID-19 vaccine to meet the rising demand for the vaccine. In recent years, there has been a surge in its usage, which have demonstrated remarkable promise for medicinal and nutritional applications. As a result, novel lipids are expected to rise in the market throughout the projection period.

US Lipids In Human Nutrition Market is poised to grow at a sustainable CAGR for the next forecast year.