Market Overview:
The global humic acid market reached a value of US$ 545.9 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 988.4 Million by 2027 exhibiting a CAGR of 9.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
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.
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on form, sales channel and application.
Breakup by Form:
Breakup by Sales Channel:
Breakup by Application:
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
- Agriculture
- Animal Feed
- Pharmaceuticals
- Horticulture
- Others
Breakup by Region:
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- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- 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 Agrícola 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.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Million |
| Segment Coverage |
Form, Sales Channel, Application, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
Agbest Technology Co. Limited, Arctech Inc., Black Earth Humic, Cifo Srl, Desarrollo Agrícola 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. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global humic acid market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global humic acid market?
- What are the key regional markets?
- What is the breakup of the market based on the form?
- What is the breakup of the market based on the sales channel?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global humic acid market and who are the key players?
- What is the degree of competition in the industry?
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 Agrícola 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 Figures
Figure 1: Global: Humic Acid Market: Major Drivers and Challenges
Figure 2: Global: Humic Acid Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Humic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Humic Acid Market: Breakup by Form (in %), 2021
Figure 5: Global: Humic Acid Market: Breakup by Sales Channel (in %), 2021
Figure 6: Global: Humic Acid Market: Breakup by Application (in %), 2021
Figure 7: Global: Humic Acid Market: Breakup by Region (in %), 2021
Figure 8: Global: Humic Acid (Powdered) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Humic Acid (Powdered) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Humic Acid (Granular) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Humic Acid (Granular) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Humic Acid (Liquid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Humic Acid (Liquid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Humic Acid (Direct) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Humic Acid (Direct) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Humic Acid (Indirect) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Humic Acid (Indirect) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Humic Acid (Agriculture) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Humic Acid (Agriculture) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Humic Acid (Animal Feed) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Humic Acid (Animal Feed) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Humic Acid (Pharmaceuticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Humic Acid (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Humic Acid (Horticulture) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Humic Acid (Horticulture) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Humic Acid (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Humic Acid (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: North America: Humic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: North America: Humic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: United States: Humic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: United States: Humic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Canada: Humic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Canada: Humic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Asia-Pacific: Humic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Asia-Pacific: Humic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: China: Humic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: China: Humic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Japan: Humic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Japan: Humic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: India: Humic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: India: Humic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: South Korea: Humic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: South Korea: Humic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Australia: Humic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Australia: Humic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Indonesia: Humic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Indonesia: Humic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Others: Humic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Others: Humic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Europe: Humic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Europe: Humic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Germany: Humic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Germany: Humic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: France: Humic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: France: Humic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: United Kingdom: Humic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: United Kingdom: Humic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Italy: Humic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Italy: Humic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Spain: Humic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Spain: Humic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Russia: Humic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Russia: Humic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Others: Humic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Others: Humic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Latin America: Humic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Latin America: Humic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Brazil: Humic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Brazil: Humic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Mexico: Humic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Mexico: Humic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Humic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Humic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Middle East and Africa: Humic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Middle East and Africa: Humic Acid Market: Breakup by Country (in %), 2021
Figure 76: Middle East and Africa: Humic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
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
List of Tables
Table 1: Global: Humic Acid Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Humic Acid Market Forecast: Breakup by Form (in Million US$), 2022-2027
Table 3: Global: Humic Acid Market Forecast: Breakup by Sales Channel (in Million US$), 2022-2027
Table 4: Global: Humic Acid Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Humic Acid Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Humic Acid Market: Competitive Structure
Table 7: Global: Humic Acid Market: Key Players