Asia Pacific Humic Acid Market Forecast to 2030 - Regional Analysis - by Form (Dry, and Liquid) and Application (Agriculture, Horticulture, Ecological Bioremediation, Dietary Supplements, and Others)

Asia Pacific Humic Acid Market Forecast to 2030 - Regional Analysis - by Form (Dry, and Liquid) and Application (Agriculture, Horticulture, Ecological Bioremediation, Dietary Supplements, and Others)

The Asia Pacific humic acid market is expected to grow from US$ 318.63 million in 2022 to US$ 780.42 million by 2030. It is estimated to grow at a CAGR of 11.8% from 2022 to 2030.

Rising Demand for Natural Feed Additives Fuels Asia Pacific Humic Acid Market

There is a growing consumer preference for natural and organic food products, including meat, dairy, and eggs. This shift is driven by concerns about synthetic additives, antibiotics, and hormones in animal feed and their potential impact on human health. Humic acid, being a natural compound derived from organic matter, matches the requirements of consumers seeking natural and organic food products. It helps improve animal digestion and nutrient absorption, leading to better feed conversion and growth rates. It also enhances immune function and reduces the risk of infections in livestock, promoting overall animal health and well-being. As animal farmers aim to optimize productivity while maintaining animal welfare, the demand for feed additives such as humic acid increases. According to the article Humic Substances as a Feed Supplement and the Benefits of Produced Chicken Meat, published by MDPI AG, humic acid enhances the digestibility of animals, absorption of nutrients, and the overall health of the gastrointestinal tract. Furthermore, gut microbiota plays a vital role in animal health and nutrient utilization. Humic acid has been shown to positively influence gut microbiota by promoting the growth of beneficial bacteria and inhibiting the reproduction of harmful pathogens. This helps maintain a healthy gut environment and can improve feed efficiency and animal performance.

In recent years, the livestock industry in various countries has expanded rapidly with a shift in consumers’ diet preferences toward animal proteins. Poultry is perceived as a cost-effective protein source. Population growth, income surge, elevating living standards, and urbanization have been the key factors propelling the demand for meat worldwide. The increasing demand for meat products highlights the need for animal feed and feed additives. China is the world's largest producer of livestock products and animal feed. Further, Thus, the rising demand for natural animal feed products in different parts of the world is expected to bolster the humic acid market in the coming years.

Asia Pacific Humic Acid Market Overview

The Asia Pacific humic acid market is segmented into India, China, Japan, Australia, South Korea, and the Rest of Asia Pacific. The rising population of countries such as China and India subsequently increase the food demand in the region. Rising food demand and declining agricultural fields propel the need for strong fertilizers to improve crop productivity. Also, the emerging trend of using organic fertilizers to improve crop productivity by complying with environmental regulations to attend to sustainability is expected to boost the demand for humic acid products over the coming years.

The governments of Asian countries are encouraging farmers to adopt sustainable agricultural practices by providing incentives and investing in research and development. Japan has set a goal to reduce chemical fertilizer and pesticide usage by 30% and 50%, respectively, by 2050. Similarly, Government of India is promoting biofertilizers through various schemes such as National Mission for Sustainable Agriculture (NMSA)/Paramparagat Krishi Vikas Yojana (PKVY), Rashtriya Krishi Vikas Yojana (RKVY), National Mission on Oilseeds and Oil Palm (NMOOP), National Food Security Mission (NFSM), and Indian Council of Agricultural Sciences (ICAR). Such government initiatives in Asia Pacific drive the humic acid market growth in the region.

Asia Pacific Humic Acid Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific Humic Acid Market Segmentation

The Asia Pacific humic acid market is segmented into form, application, and country.

Based on form, the Asia Pacific humic acid market is segmented into dry and liquid. The dry segment held a larger Asia Pacific humic acid market share in 2022.

Based on application, the Asia Pacific humic acid market is segmented into agriculture, horticulture, ecological bioremediation, dietary supplements, and others. The agriculture segment held the largest Asia Pacific humic acid market share in 2022.

Based on country, the Asia Pacific humic acid market has been categorized into India, China, Japan, Australia, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific humic acid market in 2022.

Agbest Technology Co Ltd, Agricultural and Mining Development SA, Grow More Inc, Humic Growth Solutions Inc, Humintech GmbH, and MYCSA Ag Inc. are some of the leading companies operating in the humic acid market in the region.

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