Humic Acid Market Growth, Trends, Size, Share, Demand And Top Growing Companies 2027

 

Humic Acid

Natural sources of Humic Acid include soil, the ocean, upland streams, peat bogs, and coal. Humic acid is a bio-stimulant and bio-catalyst that is a rich source of essential nutrients, vitamins, and minerals. As a result, it helps to condition the soil. An important source of humic acid and a common fertiliser additive, leonardite is an oxidation product of lignite that is soft, waxy, and highly soluble in alkaline solutions. It increases soil fertility and promotes nutrient uptake and plant growth. Humic acid inhibits soil erosion and nitrogen leaching while enhancing the texture, moisture-holding capacity, and pH stability of soil.

Global Humic Acid Market was valued at US$ 950.00 Million in 2021, in terms of revenue, exhibiting a CAGR of 6.67% during the forecast period (2022 to 2030).

Thus, expanding uses of humic acid in the pharmaceutical and cosmetics industries are anticipated to further drive the global Humic Acid Market revenue growth. Due to its anti-ageing, antioxidant, and skin-firming characteristics, DC antiglycagen, a unique mixture of humic acid, butylene glycol, water, and other chemicals, is rapidly being employed in the cosmetics sector. Humic acid functions as an anti-cancer nutrient and is frequently used in therapies for a variety of skin ailments, musculoskeletal disorders, and gastrointestinal problems. It is also rich in phytochemical components such ketones, polyphenols, fatty acids, and natural sterols.

The increase in global population over the past ten years, rising nutrient food consumption, and expanding agricultural operations on a global scale are the main drivers of Humic Acid Market revenue growth. The preference for natural and organic fertilisers and pesticides over conventional ones is another important factor fueling the growth of the global market. Agriculture is increasingly using humic acid to improve soil quality and increase crop yield. Organic soil supplements are also becoming more popular, and the product is being used more and more in ecological bioremediation techniques. Due to their detrimental effects on the environment and human health, chemical-based fertilisers are strictly prohibited by government regulations, which has created new growth opportunities for the worldwide humic acid market.

Major Vendors of Humic Acid Market are Faust Bio-Agricultural Services, Humic Growth Solutions, Inc., Italpoliina S.p.A., LaboratoiresGoemar SAS, Koppert B.V., Sikko Industries, Black Earth Humic, Changsha Xian Shan Yuan Agriculture, Agbest Technology, Nature's Lawn & Garden, Humintech, Everwood Farm, Daymsa, and WinField Solutions.

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