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Humic acid is obtained from humus matter which is a blend of organic compounds which is a result of biological and chemical humification of animal and plant matter due to microbial degradation. Increase in usage of humic acid in skin care owing to presence of trace minerals boosting skin and hair health. It contains zinc and manganese which increases collagen production making skin look younger and firmer. Positive indicators towards application in animal feed to increase weight, feed intake, disease resistance, and improved immune function in animals will act as major driving factor towards industry growth.
Expansion of food & beverage industry supported by increase in adoption or natural ingredients has resulted in additional pressure on agriculture industry to cater the food demand of growing population which will boost humic acid market size. It helps in enhances microbial activity, reduces fertilizer run off, increase soil fertility and water retention resulting in high crop yield. Humic acid act as vital ingredient in dietary supplement and pharmaceuticals for supporting immune systems and act as antiviral supplement. Humic and Fulvic acid complex contains biochemical, phytochemicals, antioxidants, enzymes, amino acids and electrolytes which help to regenerate and restore cells along with improving brain functions. Increase in adoption of healthy routine supported by prevailing diseases which helps in reducing immunity will promote demand for dietary supplements, thus stimulating demand for humic acid in this application.
The report analyses the global humic acid market based on application and geography
Furthermore, the major application considered in the study is agriculture, ecological bioremediation, horticulture, dietary supplements and others. Agriculture application accounts for major share in the humic acid market and is expected to observe robust growth over the forecast timeframe. Rise in government support to develop organic farming methods in order to reduce negative environmental impacts supported by mounting harmful effects of chemical fertilizers is likely to fuel product demand in this application. It contains mixture of essential nutrients, trace minerals and vitamins which enhance soil quality and increase crop yields.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. Asia Pacific is the fastest growing region in humic acid market and is expected to show robust growth in the coming years. Rapid urbanization and industrialization has led to decrease in arable land which has mounted pressure of increasing yield in the available agriculture land to meet food requirements of growing population which is likely to drive regional industry growth. North America is projected to be the vital consumer with high demand owing to rise in demand for bio-stimulant in agriculture, organic electrolytes and pollution detoxifiers, thus fuelling regional industry growth.
The key players in the humic acid market share The Anderson, Inc., Black Earth Humic LP, Daymsa, Faust Bio-Agricultural Services, Inc.,Biolchim S.p.A.,Humintech GmbH, Changsha Xian Shan Yuan Agriculture and Technology Co., Ltd., Agbest Technology Co., Limited, Agriculture Solutions Inc., Humic Growth Solutions, Inc., Everwood Farm, Nutri-Tech Solutions Pty. Ltd., Nature's Lawn & Garden, Inc., Sikko Industries Ltd., Grow More, Inc., Tagrow Co., Ltd., WinField Solutions, LLC, Manidharma Biotech Private Limited, National Pesticides & Chemicals, Organic Approach LLC, Wilbur-Ellis Company LLC, Saint Humic Acid, Jiloca Industrial, S.A.
The report analyses the global humic acid market based on application and geography. Furthermore, the major application considered in the study is agriculture, ecological bioremediation, horticulture and dietary supplements
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world include Latin America and Middle East & Africa.
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