Lipid Market Is Expected To Reach $ 23.31 Billion By 2030
San Francisco, 5 Feb 2024: The Report Lipid Market Size, Share & Trends Analysis Report By Application (Pharmaceutical, Food & Beverage), By Product (Triglycerides, Phospholipids), By Phase (Clinical, Pre-clinical), By Region, And Segment Forecasts, 2023 - 2030 The global lipid market size is expected to reach USD 23.31 billion by 2030, registering a CAGR of 6.9% over the forecast period, as per the new report by Grand View Research, Inc. The growth is majorly driven by the rising utilization of products including dietary supplements, functional foods, functional beverages, pharmaceuticals, and more. In addition, increasing demand for lipids in the formulation of vaccines for COVID-19 has further escalated the industry growth. Lipid nanoparticles have high demand due to their wide usage in the pharmaceutical industry as a result of their high efficiency in delivering therapeutics. During COVID-19, it was widely used for transferring mRNA to cells. Population growth in Asia