The global 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 Dietary Supplement Health and Education Act (DSHEA). 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 dietary supplements is expected to grow during the forecast period.
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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
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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