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