Middle East & Africa Humic Acid Market Forecast to 2030 - Regional Analysis - by Form (Dry, and Liquid) and Application (Agriculture, Horticulture, Ecological Bioremediation, Dietary Supplements, and Others)
The Middle East & Africa humic acid market is expected to grow from US$ 45.99 million in 2022 to US$ 95.84 million by 2030. It is estimated to grow at a CAGR of 9.6% from 2022 to 2030.
Growing Demand for Organic Food Products Fuels Middle East & Africa Humic Acid Market
Organic farming practices emphasize soil health and fertility. As a natural soil amendment, humic acid enhances soil structure, improves nutrient availability, and promotes microbial activity. It helps organic farmers maintain and improve soil fertility. Organic food production requires compliance with specific standards and regulations. Organic certifying bodies often require the use of approved inputs and practices, including organic soil amendments. Humic acid, derived from organic sources, fulfills the requirements for organic certification. In addition, humic acid has been shown to improve plant growth by facilitating root development and improving stress tolerance. Organic food producers prioritize plant health and natural disease resistance by minimizing synthetic pesticides and fertilizers. The use of humic acid in organic farming contributes to the production of food that is perceived as healthier and more environmentally friendly. Thus, the growing demand for organic food products would lead to new trends in the humic acid market in the coming years, as it is being projected as an essential component of organic farming practices.
Middle East & Africa Humic Acid Market Overview
The Middle East & Africa humic acid market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Increasing awareness about the harmful effects of inorganic chemical compounds, artificial compounds, and synthetic fertilizers in the region bolsters the demand for organic compounds such as humic acid. Humic acid is increasingly used as a bio-stimulant to decompose the organic residues in soil. It increases the metabolic activity of soil organisms and speeds up the decomposition process. These factors fuel the demand for humic acid.
The rise in demand for sustainable agriculture is driving farmers in the Middle East & Africa to adopt a cost-effective integrated nutrient management system. This, in turn, increases the demand for biofertilizers in the region. This region comprises small and marginal farmers in large shares. Therefore, increasing demand for low-cost fertilizers such as biofertilizers propels the humic acid market in the region.
Middle East & Africa Humic Acid Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Humic Acid Market Segmentation
The Middle East & Africa humic acid market is segmented into form, application, and country.
Based on form, the Middle East & Africa humic acid market is segmented into dry and liquid. The dry segment held a larger Middle East & Africa humic acid market share in 2022.
Based on application, the Middle East & Africa humic acid market is segmented into agriculture, horticulture, ecological bioremediation, dietary supplements, and others. The agriculture segment held the largest Middle East & Africa humic acid market share in 2022.
Based on country, the Middle East & Africa humic acid market has been categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. South Africa dominated the Middle East & Africa humic acid market in 2022.
Agricultural and Mining Development SA, Grow More Inc, Humic Growth Solutions Inc, and Humintech GmbH are some of the leading companies operating in the humic acid market in the region.
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Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving humic acid market, as well as those hindering it
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- 1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Insights
- 2.2 Market Attractiveness
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. Middle East & Africa Humic Acid Market Landscape
- 4.1 Overview
- 4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Competitive Rivalry
- 4.2.5 Threat of Substitutes
- 4.3 Ecosystem Analysis
- 4.3.1 List of Raw Material Manufacturers
- 5. Middle East & Africa Humic Acid Market - Key Industry Dynamics
- 5.1 Market Drivers
- 5.1.1 Increasing Use of Humic Acid for Agricultural Yield Improvement
- 5.1.2 Expansion of Humic Acid Applications
- 5.2 Market Restraints
- 5.2.1 Lack of Standardization
- 5.3 Opportunities
- 5.3.1 Rising Demand for Natural Feed Additives
- 5.4 Future Trends
- 5.4.1 Growing Demand for Organic Food Products
- 5.5 Impact of Drivers and Restraints:
- 6. Humic Acid Market - Middle East & Africa Market Analysis
- 6.1 Middle East & Africa Humic Acid Market Revenue (US$ Million), 2022 - 2030
- 6.2 Middle East & Africa Humic Acid Market Forecast and Analysis
- 7. Middle East & Africa Humic Acid Market Analysis - Form
- 7.1 Dry
- 7.1.1 Overview
- 7.1.2 Dry: Middle East & Africa Humic Acid Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
- 7.2 Liquid
- 7.2.1 Overview
- 7.2.2 Liquid: Middle East & Africa Humic Acid Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
- 8. Middle East & Africa Humic Acid Market Analysis - Application
- 8.1 Agriculture
- 8.1.1 Overview
- 8.1.2 Agriculture: Middle East & Africa Humic Acid Market Revenue and Forecast to 2030 (US$ Million)
- 8.2 Horticulture
- 8.2.1 Overview
- 8.2.2 Horticulture: Middle East & Africa Humic Acid Market Revenue and Forecast to 2030 (US$ Million)
- 8.3 Ecological Bioremediation
- 8.3.1 Overview
- 8.3.2 Ecological Bioremediation: Middle East & Africa Humic Acid Market Revenue and Forecast to 2030 (US$ Million)
- 8.4 Dietary Supplements
- 8.4.1 Overview
- 8.4.2 Dietary Supplements: Middle East & Africa Humic Acid Market Revenue and Forecast to 2030 (US$ Million)
- 8.5 Others
- 8.5.1 Overview
- 8.5.2 Others: Middle East & Africa Humic Acid Market Volume, Revenue and Forecast to 2030 (US$ Million)
- 9. Middle East & Africa Humic Acid Market - Country Analysis
- 9.1 Middle East & Africa
- 9.1.1 Middle East & Africa Humic Acid Market Overview
- 9.1.2 Middle East & Africa Humic Acid Market Revenue and Forecasts and Analysis - By Countries
- 9.1.2.1 Humic Acid Market Breakdown by Country
- 9.1.2.2 South Africa: Humic Acid Market Volume and Forecasts to 2030 (Kilo Tons)
- 9.1.2.3 South Africa: Humic Acid Market Revenue and Forecasts to 2030 (US$ Million)
- 9.1.2.3.1 South Africa: Humic Acid Market Breakdown by Form
- 9.1.2.3.2 South Africa: Humic Acid Market Breakdown by Form
- 9.1.2.3.3 South Africa: Humic Acid Market Breakdown by Application
- 9.1.2.4 Saudi Arabia: Humic Acid Market Volume and Forecasts to 2030 (Kilo Tons)
- 9.1.2.5 Saudi Arabia: Humic Acid Market Revenue and Forecasts to 2030 (US$ Million)
- 9.1.2.5.1 Saudi Arabia: Humic Acid Market Breakdown by Form
- 9.1.2.5.2 Saudi Arabia: Humic Acid Market Breakdown by Form
- 9.1.2.5.3 Saudi Arabia: Humic Acid Market Breakdown by Application
- 9.1.2.6 UAE: Humic Acid Market Volume and Forecasts to 2030 (Kilo Tons)
- 9.1.2.7 UAE: Humic Acid Market Revenue and Forecasts to 2030 (US$ Million)
- 9.1.2.7.1 UAE: Humic Acid Market Breakdown by Form
- 9.1.2.7.2 UAE: Humic Acid Market Breakdown by Form
- 9.1.2.7.3 UAE: Humic Acid Market Breakdown by Application
- 9.1.2.8 Rest of Middle East & Africa: Humic Acid Market Volume and Forecasts to 2030 (Kilo Tons)
- 9.1.2.9 Rest of Middle East & Africa: Humic Acid Market Revenue and Forecasts to 2030 (US$ Million)
- 9.1.2.9.1 Rest of Middle East & Africa: Humic Acid Market Breakdown by Form
- 9.1.2.9.2 Rest of Middle East & Africa: Humic Acid Market Breakdown by Form
- 9.1.2.9.3 Rest of Middle East & Africa: Humic Acid Market Breakdown by Application
- 10. Competitive Landscape
- 10.1 Heat Map Analysis By Key Players
- 11. Industry Landscape
- 11.1 Overview
- 11.2 Market Initiative
- 11.3 New Product Development
- 11.4 Merger and Acquisition
- 12. Company Profiles
- 12.1 Agricultural and Mining Development SA
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 Humic Growth Solutions Inc
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 Humintech GmbH
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 Grow More Inc
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 13. Appendix
- LIST OF TABLES
- Table 1. Middle East & Africa Humic Acid Market Segmentation
- Table 2. List of Raw Material Manufacturers in South Africa
- Table 3. Middle East & Africa Humic Acid Market Volume and Forecasts To 2030 (Kilo Tons)
- Table 4. Middle East & Africa Humic Acid Market Revenue and Forecasts To 2030 (US$ Million)
- Table 5. South Africa: Humic Acid Market Volume and Forecasts To 2030 (Kilo Tons) - By Form
- Table 6. South Africa: Humic Acid Market Revenue and Forecasts To 2030 (US$ Million) - By Form
- Table 7. South Africa: Humic Acid Market Revenue and Forecasts To 2030 (US$ Million) - By Application
- Table 8. Saudi Arabia: Humic Acid Market Volume and Forecasts To 2030 (Kilo Tons) - By Form
- Table 9. Saudi Arabia: Humic Acid Market Revenue and Forecasts To 2030 (US$ Million) - By Form
- Table 10. Saudi Arabia: Humic Acid Market Revenue and Forecasts To 2030 (US$ Million) - By Application
- Table 11. UAE: Humic Acid Market Volume and Forecasts To 2030 (Kilo Tons) - By Form
- Table 12. UAE: Humic Acid Market Revenue and Forecasts To 2030 (US$ Million) - By Form
- Table 13. UAE: Humic Acid Market Revenue and Forecasts To 2030 (US$ Million) - By Application
- Table 14. Rest of Middle East & Africa: Humic Acid Market Volume and Forecasts To 2030 (Kilo Tons) - By Form
- Table 15. Rest of Middle East & Africa: Humic Acid Market Revenue and Forecasts To 2030 (US$ Million) - By Form
- Table 16. Rest of Middle East & Africa: Humic Acid Market Revenue and Forecasts To 2030 (US$ Million) - By Application
- LIST OF FIGURES
- Figure 1. Middle East & Africa Humic Acid Market Segmentation, By country
- Figure 2. Porter's Five Forces Analysis
- Figure 3. Ecosystem: Middle East & Africa Humic Acid Market
- Figure 4. Middle East & Africa Humic Acid Market - Key Industry Dynamics
- Figure 5. Impact Analysis of Drivers and Restraints
- Figure 6. Middle East & Africa Humic Acid Market Revenue (US$ Million), 2022 - 2030
- Figure 7. Middle East & Africa Humic Acid Market Share (%) - Form, 2022 and 2030
- Figure 8. Dry: Middle East & Africa Humic Acid Market Revenue and Forecasts To 2030 (Kilo Tons)
- Figure 9. Dry : Middle East & Africa Humic Acid Market Revenue and Forecasts To 2030 (US$ Million)
- Figure 10. Liquid: Middle East & Africa Humic Acid Market Revenue and Forecasts To 2030 (Kilo Tons)
- Figure 11. Liquid: Middle East & Africa Humic Acid Market Revenue and Forecasts To 2030 (US$ Million)
- Figure 12. Middle East & Africa Humic Acid Market Share (%) - Form, 2022 and 2030
- Figure 13. Agriculture: Middle East & Africa Humic Acid Market Revenue and Forecasts To 2030 (US$ Million)
- Figure 14. Horticulture: Middle East & Africa Humic Acid Market Revenue and Forecasts To 2030 (US$ Million)
- Figure 15. Ecological Bioremediation: Middle East & Africa Humic Acid Market Revenue and Forecasts To 2030 (US$ Million)
- Figure 16. Dietary Supplements: Middle East & Africa Humic Acid Market Revenue and Forecasts To 2030 (US$ Million)
- Figure 17. Others: Middle East & Africa Market Revenue and Forecasts To 2030 (US$ Million)
- Figure 18. Middle East & Africa Humic Acid Market Revenue, by Key Countries (2022) (US$ Million)
- Figure 19. Middle East & Africa Humic Acid Market Breakdown by Key Countries, 2022 and 2030 (%)
- Figure 20. South Africa: Humic Acid Market Volume and Forecasts To 2030 (Kilo Tons)
- Figure 21. South Africa: Humic Acid Market Revenue and Forecasts To 2030 (US$ Million)
- Figure 22. Saudi Arabia: Humic Acid Market Volume and Forecasts To 2030 (Kilo Tons)
- Figure 23. Saudi Arabia: Humic Acid Market Revenue and Forecasts To 2030 (US$ Million)
- Figure 24. UAE: Humic Acid Market Volume and Forecasts To 2030 (Kilo Tons)
- Figure 25. UAE: Humic Acid Market Revenue and Forecasts To 2030 (US$ Million)
- Figure 26. Rest of Middle East & Africa : Humic Acid Market Volume and Forecasts To 2030 (Kilo Tons)
- Figure 27. Rest of Middle East & Africa: Humic Acid Market Revenue and Forecasts To 2030 (US$ Million)
- Figure 28. Company Positioning & Concentration
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