According to a recent report by Reports and Data, the global Humic Acid market is expected to reach USD 1.06 billion by 2028. This growth can be attributed to the increasing demand for humic acid across various applications and the rising adoption of organic farming globally.

Agricultural centers worldwide have been studying the effects of humic acid on plant growth. It has been observed that the soil's ability to promote root growth is not solely dependent on nutrient concentration but also on organic matter content, depth, texture, acidity, and water-retention capacity. Results have shown that humates improve crop yields by enhancing soil texture, water retention, and nutrient buffering capacity.

In the forecast period, Europe is expected to grow at a CAGR of 6.4%. This can be attributed to the cultivation of various crops and fruits & vegetables, such as grapes, pears, tomatoes, potatoes, wheat, and maize, on a large scale. The application of humic acid in these crops is expected to enhance root-shoot growth, promote microbial activity, and improve water-retention capacity and nutrient absorption by plants. Experiments have shown that treating grapevines with humic acid led to an increase in plant growth and nitrogen and chlorophyll content in leaves. The size of the grapes also increased, implying an increase in total yield.

The pharmaceutical segment is projected to be one of the fastest-growing applications of Humic Acid, with a CAGR of 5.7% in the forecast period. Humates formed from peat have been used to treat gastric, intestinal, and hepatic diseases. Humic acid is generally used for musculoskeletal disorders, gynecological problems, and skin treatment. Adoption of humic acid in organic farming is expected to play a significant role in improving the health of consumers worldwide.

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Europe is also projected to grow significantly in the forecast period. Animal feed manufacturers in Europe are expected to adopt humic acid as an ingredient to stabilize the feces consistency of animals, thereby improving nutrient utilization in animals. This is due to the increasing incidence of gastrointestinal infections and zoonotic diseases in the region.

Key participants in the humic acid market include Nutri-Tech Solutions, Humintech GmbH, Humic Growth Solutions, Omnia Specialities, Canadian Humalite International, Grow More, AMCOl International, and Jiloca International S.A. Humintech GmbH is a leading technology company for humic acid-based products with a consumer base in nearly 70 countries.

The global Humic Acid market has been segmented by Reports and Data on the basis of type, application, and region. The segments include Powdered Form and Granular Form for Product Outlook, Agriculture, Industrial, Animal Feed, and Pharmaceutical for Application Outlook, and North America, Europe, Asia Pacific, Latin America, and MEA for Regional Outlook.

Humic Acid Market: Drive factors

The Humic Acid market is expected to grow significantly in the coming years, driven by various factors. One of the major factors is the increasing demand for humic acid from various applications. The adoption of organic farming practices globally is also driving the growth of the market.

Agricultural centers across the world have been conducting experiments to study the effect of humic acid on plants. The results indicate that humates have a positive impact on crop yields by improving soil texture, water retention, and nutrient buffering capacity

Europe is expected to be a key growth market for humic acid, with a number of crops and fruits & vegetables that are grown on a large scale. Application of humic acid across these crops is expected to enhance the root-shoot growth and promote microbial activity, leading to an increase in total yield.

The pharmaceutical segment is projected to be one of the fastest-growing applications of humic acid. Humic acid has been used in the treatment of gastric, intestinal, hepatic diseases, musculoskeletal disorders, gynecological problems, and skin treatment. The adoption of humic acid in organic farming is expected to play a major role in improving the health of consumers worldwide.

Manufacturers of animal feed in Europe are also expected to adopt humic acid as an ingredient, owing to increasing gastrointestinal infections and growing incidence of zoonotic diseases in the region. The adoption of humic acid for producing animal feed is expected to ensure an improved utilization of nutrients in animals, thereby stabilizing the feces consistency of animals.

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