The global humic acid market is anticipated to grow at a considerable CAGR of 11.4% during the forecast period (2021-2027). Animal feed segment is expected to hold the major share in humic acid market. The use of humic acid in animal feed is beneficial for animal health and their growth. Humic acids improve the digestion, provide protein and calcium, which is beneficial for animal health. As the humic acid improves the digestion of animals, they also maintain an optimum PH balance within the gut, which results in lower level of excretion of nitrogen and produces less odor. Humic acid form a protective shield on the mucous epithel of the gastro-intestinal of animal, which protect against infections and toxic acids. The macrocolliodal structure of humic acid provides a protective shield on the mucous membrane of the stomach and gut of animal. As a result, the toxic metabolite is reduced, especially in the case when animals switch to new food and in case if animal consume any infections substances.
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As population increases, the consumption of dairy products, milk, fish, and other healthy food products also increase, it becomes necessary to add some healthy food substances in the animal diet, so that the milk released by animals is healthy for human consumptions, animal dung become useful for plants and crops. Owing to this factor the demand for humic acid increases, and the market is expected to grow during forecast period.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
o By Form
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Agbest Technology Co. ltd., Arihant Chemical Industries, BIOAG., Balck Earth Humic LP., Aglukon, Andersons Inc., Biolchim SPA., Desarrollo Agricola Y Minero S.A, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Humic Acid Market Report by Segment
By Form
• Powdered
• Granular
• Liquid
By Application
• Agriculture & Horticulture
• Animal Feed
• Pharmaceuticals
• Dietary Supplements
• Others
Global Humic Acid Market Report by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa