Humic Acid Market, by Application (Agriculture, Animal Feed, Ecological Remediation, Dietary Supplements, Pharmaceuticals, and Others) and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and

Humic Acid Market, by Application (Agriculture, Animal Feed, Ecological Remediation, Dietary Supplements, Pharmaceuticals, and Others) and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Humic acid is a mixture of organic compounds obtained by the microbiological and chemical process of debris formation of living organisms into refractory organic compounds. The humic substance mainly accounts for 50-80% organic carbon from the soil, bottom sediments & water and is mainly produced on large scale from natural deposits such as coal and peat. The properties of humic acid include higher absorption capacity, environmental compatibility, and ion-exchange capacity make humic acid a well–suited and attractive material for ecological remediation.
Market Dynamics
There has been a shifting inclination of individuals over usage of natural or organic pesticides in farming. As humic acid is naturally formed by biochemical and molecular mechanisms of waste materials and is non-toxic, its usage in organic farming and horticulture is gaining traction across the globe. Moreover, humic acid contains essential phytochemicals such as fatty acids and hormones and thus assists in cancer treatment. The humic acid assists in the maintaining electrochemical balance of vital body cells and its humic-fulvic acid assists in improving brain function among individuals. Thus, humic acid is also being adopted in the production of pharmaceutical drugs.
Though, an increasing number of substitutes to humic acid such as other carbonates, owing to the difference in the pH levels is expected to hinder demand for humic acids to some extent. Moreover, the chance of fumigates production, while reacting with chlorine in the water is further expected to obstruct the market growth for humic acid in the upcoming years.
Major players operating in the humic acids market are focusing on various strategies such as product development and expansion to widen their global reach. For instance, in September 2021, a U.S.-based agricultural innovation company named PureAcre developed advanced nutritional management products that included both seaweed extracts and humic acid extracts products. These products are expected to produce more yield in limited areas of agricultural land and thus are gaining traction across the globe.
Key features of the study:
This report provides in-depth analysis of humic acid market, and provides market size (US$ Million and KT) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global humic acid based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Faust Bio-Agricultural Services, Humic Growth Solutions, Inc., Italpoliina S.p.A., LaboratoiresGoemar SAS, Koppert B.V., Sikko Industries, Black Earth Humic, Changsha Xian Shan Yuan Agriculture, Agbest Technology, Nature's Lawn & Garden, Humintech, Everwood Farm, Daymsa, and WinField Solutions.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
The global humic acid market report caters to various stakeholders in this industry including investors, suppliers, cotton pad manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global humic acid market
Detailed Segmentation:
Global Humic Acid Market, By Application:
Agriculture
Animal Feed
Ecological Remediation
Dietary Supplements
Pharmaceuticals
Others
Global Humic Acid Market, By Region:
North America
U.S.
By Application:
Agriculture
Animal Feed
Ecological Remediation
Dietary Supplements
Pharmaceuticals
Others
Canada
By Application:
Agriculture
Animal Feed
Ecological Remediation
Dietary Supplements
Pharmaceuticals
Others
Latin America
Brazil
By Application:
Agriculture
Animal Feed
Ecological Remediation
Dietary Supplements
Pharmaceuticals
Others
Argentina
By Application:
Agriculture
Animal Feed
Ecological Remediation
Dietary Supplements
Pharmaceuticals
Others
Mexico
By Application:
Agriculture
Animal Feed
Ecological Remediation
Dietary Supplements
Pharmaceuticals
Others
Rest of Latin America
By Application:
Agriculture
Animal Feed
Ecological Remediation
Dietary Supplements
Pharmaceuticals
Others
Europe
U.K.
By Application:
Agriculture
Animal Feed
Ecological Remediation
Dietary Supplements
Pharmaceuticals
Others
Germany
By Application:
Agriculture
Animal Feed
Ecological Remediation
Dietary Supplements
Pharmaceuticals
Others
France
By Application:
Agriculture
Animal Feed
Ecological Remediation
Dietary Supplements
Pharmaceuticals
Others
Italy
By Application:
Agriculture
Animal Feed
Ecological Remediation
Dietary Supplements
Pharmaceuticals
Others
Spain
By Application:
Agriculture
Animal Feed
Ecological Remediation
Dietary Supplements
Pharmaceuticals
Others
Russia
By Application:
Agriculture
Animal Feed
Ecological Remediation
Dietary Supplements
Pharmaceuticals
Others
Rest of Europe
By Application:
Agriculture
Animal Feed
Ecological Remediation
Dietary Supplements
Pharmaceuticals
Others
Asia Pacific
China
By Application:
Agriculture
Animal Feed
Ecological Remediation
Dietary Supplements
Pharmaceuticals
Others
India
By Application:
Agriculture
Animal Feed
Ecological Remediation
Dietary Supplements
Pharmaceuticals
Others
Japan
By Application:
Agriculture
Animal Feed
Ecological Remediation
Dietary Supplements
Pharmaceuticals
Others
ASEAN
By Application:
Agriculture
Animal Feed
Ecological Remediation
Dietary Supplements
Pharmaceuticals
Others
South Korea
By Application:
Agriculture
Animal Feed
Ecological Remediation
Dietary Supplements
Pharmaceuticals
Others
Australia
By Application:
Agriculture
Animal Feed
Ecological Remediation
Dietary Supplements
Pharmaceuticals
Others
Rest of Asia Pacific
By Application:
Agriculture
Animal Feed
Ecological Remediation
Dietary Supplements
Pharmaceuticals
Others
Middle East & Africa
Middle East
By Application:
Agriculture
Animal Feed
Ecological Remediation
Dietary Supplements
Pharmaceuticals
Others
Africa
By Application:
Agriculture
Animal Feed
Ecological Remediation
Dietary Supplements
Pharmaceuticals
Others
Company Profiles
Faust Bio-Agricultural Services*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Humic Growth Solutions, Inc.
Italpoliina S.p.A.
LaboratoiresGoemar SAS
Koppert B.V.
Sikko Industries
Black Earth Humic
Changsha Xian Shan Yuan Agriculture
Agbest Technology
Nature's Lawn & Garden
Humintech
Everwood Farm
Daymsa
WinField Solutions
“*” marked represents similar segmentation in other categories in the respective section.