Lipids are a diverse group of hydrophobic biomolecules primarily made up of fatty acids, including fats, oils, and waxes, crucial for energy storage and various biological functions. They play vital roles in biological membranes as structural components and serve as sources of fat-soluble vitamins. Lipids can be classified into simple lipids, compound lipids, and derived lipids, with triglycerides being the most abundant form in dietary sources.