Humic Acid Market Will Generate Record Revenue by 2029

Humic Acid Market is anticipated to grow at a considerable CAGR of 11.4% during the forecast period. The major factor boosting the market growth is high demand for diatery supplements, and demand for humic acid in making animal feed. Humic acid is majorly used in dietary supplements in the form of vitamin, mineral, herbal products, and other ingestible products which used to strengthen the immune system. Moreover, taking humic acid in dietary supplements helps in the supply of oxygen level to red blood cells in the body, speeds up the metabolism rate, strengthens natural skin protection against UV rays. Humic acid in dietary supplements is available in the form of pills, liquid, and powder. The regulation of dietary supplements varies according to the country. In the US, supplement food was regulated under the . Under the regulation of DSHEA, the US Food and Drug Administration(FDA), treated dietary supplements as foods, not as drugs. Owing to their useful benefits the humic acid in is expected to grow during the forecast period.

The rising mergers and acquisition among players is further likely to accelerate the market growth. For instance, in April 2021, Nestle Health Science, has acquired Bountiful Company. The acquisition of the company provides a broader range of dairy supplements and healthy food products, which enhances the health of customers across the globe.

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Global Humic Acid Market Segmentation

By Form

· Powdered

· Granular

· Liquid

By Application

· Agriculture & Horticulture

· Animal Feed

· Pharmaceuticals

· Dietary Supplements

· Others

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Regional Analysis

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

Company Profiles

· Aglukon

· Andersons Inc.

· Biolchim SPA.

· Cifo SRL

· Desarrollo Agrícola Y Minero, S.A.

· Grow More Inc.

· Humintech GmbH

· Humic Growth Solutions, Inc.

· Jiloca Industrial S.A.

· Koppert Biological systems

· Land O'Lakes Inc.

· Minerals Technologies Inc.

· Nature's Lawn and Garden Inc.

· Nutri-Tech Solutions Pvt. Ltd.

· Omnia Specialities Pvt.

· Pingxiang Jiangxi Annwa Biotechnology Co., Ltd

· Saint Humic Acid

· Shandong Chuangxin Humic Acid Technology Co. Ltd.

· Sikko Industries Ltd.

· VALAGRO S.P.A,

· Wilbur-Ellis Holdings, Inc.

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