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Humic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

June 2023 | 150 pages | ID: HB70A4C983F8EN
IMARC Group

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The global humic acid market size reached US$ 603.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,063.8 Million by 2028, exhibiting a growth rate (CAGR) of 9.1% during 2023-2028.

Humic acid (C9H9NO6) is a water-soluble organic substance that coagulates when the base extract is acidified. It is extensively used in fertilizer additives for improving crop fertility, enhancing plant growth by enabling nutrient absorption, preventing soil erosion, and maintaining soil texture, pH level, and moisture-holding capacity. Humic acid encapsulates essential nutrients, such as minerals, potassium, phosphorous, and vitamins. At present, it is commercially available in the market in varying types, such as powdered, granular, and liquid forms.

Humic Acid Market Trends:
The widespread adoption of humic acid in horticulture for enhancing cation-exchange capacity (CEC) and oxygen content in the soil is one of the key factors driving the humic acid market growth. In line with this, the shifting inclination of farmers toward organic fertilizers over chemicals due to their harmful side effects is acting as another growth-inducing factor. Moreover, the introduction of bio-stimulants that aid in influencing plant growth by enhancing their tolerance to abiotic stresses and fueling grain yield quality is contributing to the market growth. Moreover, the extensive utilization of humic acid in animal feed to maintain the overall health of animals and upsurge milk production is propelling the market growth. Apart from this, several initiatives undertaken by the governments of various countries for strengthening the agricultural sector by implementing the usage of organic fertilizers to promote crop yield and the rapidly growing population catalyzing the overall food demand are creating a positive outlook for the market. The market is also driven by the growing awareness regarding the numerous health benefits of humic acid and its extensive utilization in the cosmetics, pharmaceutical and nutraceutical industries across the globe.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global humic acid market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on form, sales channel and application.

Breakup by Form:

Powdered
Granular
Liquid

Breakup by Sales Channel:

Direct
Indirect

Breakup by Application:

Agriculture
Animal Feed
Pharmaceuticals
Horticulture
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Agbest Technology Co. Limited, Arctech Inc., Black Earth Humic, Cifo Srl, Desarrollo AgrŠ½cola y Minero S.A., Humic Growth Solutions Inc., Humintech GmbH, Jiangxi Pingxiang Anhua Biotechnology Co. Ltd., Jiloca Industrial S.A. (JISA), Saint Humic Acid, The Andersons Inc. and Xian Shan Yuan Agriculture & Technology Co. Ltd.

Key Questions Answered in This Report

1. What was the size of the global humic acid market in 2022?
2. What is the expected growth rate of the global humic acid market during 2023-2028?
3. What has been the impact of COVID-19 on the global humic acid market?
4. What are the key factors driving the global humic acid market?
5. What is the breakup of the global humic acid market based on the application?
6. What are the key regions in the global humic acid market?
7. Who are the key players/companies in the global humic acid market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL HUMIC ACID MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY FORM

6.1 Powdered
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Granular
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Liquid
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY SALES CHANNEL

7.1 Direct
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Indirect
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY APPLICATION

8.1 Agriculture
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Animal Feed
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Pharmaceuticals
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Horticulture
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5 Others
  8.5.1 Market Trends
  8.5.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1 North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2 Asia-Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3 Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4 Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5 Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
  14.3.1 Agbest Technology Co. Limited
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
  14.3.2 Arctech Inc.
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
  14.3.3 Black Earth Humic
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
  14.3.4 Cifo Srl
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
  14.3.5 Desarrollo AgrŠ½cola y Minero S.A.
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
  14.3.6 Humic Growth Solutions Inc.
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
  14.3.7 Humintech GmbH
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
  14.3.8 Jiangxi PingxiangAnhua Biotechnology Co. Ltd.
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
  14.3.9 Jiloca Industrial S.A. (JISA)
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
  14.3.10 Saint Humic Acid
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
  14.3.11 The Andersons Inc.
    14.3.11.1 Company Overview
    14.3.11.2 Product Portfolio
    14.3.11.3 Financials
    14.3.11.4 SWOT Analysis
  14.3.12 Xian Shan Yuan Agriculture & Technology Co. Ltd.
    14.3.12.1 Company Overview
    14.3.12.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Humic Acid Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Humic Acid Market Forecast: Breakup by Form (in Million US$), 2023-2028
Table 3: Global: Humic Acid Market Forecast: Breakup by Sales Channel (in Million US$), 2023-2028
Table 4: Global: Humic Acid Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Humic Acid Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Humic Acid Market: Competitive Structure
Table 7: Global: Humic Acid Market: Key Players


LIST OF FIGURES

Figure 1: Global: Humic Acid Market: Major Drivers and Challenges
Figure 2: Global: Humic Acid Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: Humic Acid Market: Breakup by Form (in %), 2022
Figure 5: Global: Humic Acid Market: Breakup by Sales Channel (in %), 2022
Figure 6: Global: Humic Acid Market: Breakup by Application (in %), 2022
Figure 7: Global: Humic Acid Market: Breakup by Region (in %), 2022
Figure 8: Global: Humic Acid (Powdered) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Humic Acid (Powdered) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Humic Acid (Granular) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Humic Acid (Granular) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Humic Acid (Liquid) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Humic Acid (Liquid) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Humic Acid (Direct) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Humic Acid (Direct) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Humic Acid (Indirect) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Humic Acid (Indirect) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Humic Acid (Agriculture) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Humic Acid (Agriculture) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Humic Acid (Animal Feed) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Humic Acid (Animal Feed) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Humic Acid (Pharmaceuticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Humic Acid (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Humic Acid (Horticulture) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Humic Acid (Horticulture) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Humic Acid (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Humic Acid (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: North America: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: North America: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: United States: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: United States: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Canada: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Canada: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Asia-Pacific: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Asia-Pacific: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: China: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: China: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Japan: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Japan: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: India: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: India: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: South Korea: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: South Korea: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Australia: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Australia: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Indonesia: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Indonesia: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Others: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Others: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Europe: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Europe: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Germany: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Germany: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: France: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: France: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: United Kingdom: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: United Kingdom: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Italy: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Italy: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Spain: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Spain: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Russia: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Russia: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Latin America: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Latin America: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Brazil: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Brazil: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Mexico: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Mexico: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Others: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Others: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Middle East and Africa: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Middle East and Africa: Humic Acid Market: Breakup by Country (in %), 2022
Figure 76: Middle East and Africa: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Global: Humic Acid Industry: SWOT Analysis
Figure 78: Global: Humic Acid Industry: Value Chain Analysis
Figure 79: Global: Humic Acid Industry: Porter's Five Forces Analysis


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