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Report
North America Humic Acid Market Forecast to 2030 - Regional Analysis - by Form (Dry, and Liquid) and Application (Agriculture, Horticulture, Ecological Bioremediation, Dietary Supplements, and Others)
Market Report I 2023-12-14 I 74 Pages I The Insight Partners
The North America humic acid market is expected to grow from US$ 253.19 million in 2022 to US$ 587.95 million by 2030. It is estimated to grow at a CAGR of 11.1% from 2022 to 2030.
Increasing Use of Humic Acid for Agricultural Yield Improvement Fuels North America humic acid market
Humic acid is a natural compound derived from organic matter such as decomposed plant material. It is known for its beneficial effects on soil fertility and plant growth. Upon application to the soil, humic acid enhances its physical, chemical, and biological properties. It improves soil structure, increases water-holding capacity, enhances nutrient retention, and promotes the growth of beneficial microorganisms, which leads to improvements in soil conditions through better nutrient availability and uptake, resulting in improved crop yields. As a result, the demand for humic acid-based fertilizers, soil amendments, and biostimulants, among others, has been increasing. In addition, humic acid has been found to stimulate root and shoot growth, leading to increased biomass production. It promotes the development of lateral roots, improves nutrient uptake efficiency, and enhances plant metabolism, in turn, resulting in plant growth with the potential to produce high yields and better-quality food products. These stats have been alarming the agricultural sector about the subsequently increasing food demand. As a result, agriculturists across the world are focusing on modifying farming practices to obtain high yields from smaller cultivation areas. Thus, the need for fertilizers in farming, including humic acid-based ones, increases with a major focus on crop protection and yield enhancement in the agricultural sector.
North America Humic Acid Market Overview
The humic acid market in North America is segmented into the US, Canada, and Mexico. The demand for humic acid products is increasing in these countries owing to its broad application areas, including agriculture, nutraceuticals, environmental protection, etc. Natural ingredients, such as humic acid, are used in organic farming. Rising government spending on the agricultural sector across North America and supportive policies drive the use of humic acid products in agricultural applications. The continual growth of organic fertilizers and bio-stimulants boost humic acid sales in the coming years.
The growing population and increasing per capita income propel the demand for food and cash crops. As per the FAO, food demand in the US is expected to increase by 50-90% by 2050. The shift toward organic food consumption in North America has increased the dependency on water-soluble bio-stimulants such as humic acid in the region, which fuels the humic acid market growth in the region.
North America Humic Acid Market Revenue and Forecast to 2030 (US$ Million)
North America Humic Acid Market Segmentation
The North America humic acid market is segmented into form, application, and country
Based on form, the North America humic acid market is segmented into dry and liquid. The dry segment held a larger North America humic acid market share in 2022.
Based on application, the North America humic acid market is segmented into agriculture, horticulture, ecological bioremediation, dietary supplements, and others. The agriculture segment held the largest North America humic acid market share in 2022.
Based on country, the North America humic acid market is segmented into the US, Canada, and Mexico. The US dominated the North America humic acid market in 2022.
Agricultural and Mining Development SA, Agriculture Solutions Inc, Black Earth Products Inc, Faust Bio-Agricultural Services Inc, Grow More Inc, Humic Growth Solutions Inc, Humintech GmbH, MYCSA Ag Inc, and The Andersons Inc. are some of the leading companies operating in the humic acid market in the region.
TABLE OF CONTENTS
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Humic Acid Market Landscape
4.1 Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 List of Raw Material Manufacturers
5. North America Humic Acid Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Use of Humic Acid for Agricultural Yield Improvement
5.1.2 Expansion of Humic Acid Applications
5.2 Market Restraints
5.2.1 Lack of Standardization
5.3 Opportunities
5.3.1 Rising Demand for Natural Feed Additives
5.4 Future Trends
5.4.1 Growing Demand for Organic Food Products
5.5 Impact of Drivers and Restraints:
6. Humic Acid Market - North America Market Analysis
6.1 North America Humic Acid Market Revenue and Forecasts To 2030 (US$ Million), 2022 - 2030
6.2 North America Humic Acid Market Forecast and Analysis
7. North America Humic Acid Market Analysis - Form
7.1 Dry
7.1.1 Overview
7.1.2 Dry: North America Humic Acid Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.2 Liquid
7.2.1 Overview
7.2.2 Liquid: North America Humic Acid Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
8. North America Humic Acid Market Analysis - Application
8.1 Agriculture
8.1.1 Overview
8.1.2 Agriculture: North America Humic Acid Market Revenue and Forecast to 2030 (US$ Million)
8.2 Horticulture
8.2.1 Overview
8.2.2 Horticulture: North America Humic Acid Market Revenue and Forecast to 2030 (US$ Million)
8.3 Ecological Bioremediation
8.3.1 Overview
8.3.2 Ecological Bioremediation: North America Humic Acid Market Revenue and Forecast to 2030 (US$ Million)
8.4 Dietary Supplements
8.4.1 Overview
8.4.2 Dietary Supplements: North America Humic Acid Market Revenue and Forecast to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: North America Humic Acid Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
9. North America Humic Acid Market - Country Analysis
9.1 North America
9.1.1 North America Humic Acid Market Overview
9.1.2 North America Humic Acid Market Revenue and Forecasts and Analysis - By Countries
9.1.2.1 North America Humic acid market Breakdown by Country
9.1.2.2 US: Humic Acid Market Volume and Forecasts to 2030 (Kilo Tons)
9.1.2.3 US: Humic Acid Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.3.1 US :Humic Acid Market Breakdown by Form
9.1.2.3.2 US : Humic Acid Market Breakdown by Form
9.1.2.3.3 US: Humic Acid Market Breakdown by Application
9.1.2.4 Canada :Humic Acid Market Volume and Forecasts to 2030 (Kilo Tons)
9.1.2.5 Canada : Humic Acid Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.5.1 Canada : Humic Acid Market Breakdown by Form
9.1.2.5.2 Canada : Humic Acid Market Breakdown by Form
9.1.2.5.3 Canada : Humic Acid Market Breakdown by Application
9.1.2.6 Mexico: Humic Acid Market Volume and Forecasts to 2030 (Kilo Tons)
9.1.2.7 Mexico: Humic Acid Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.7.1 Mexico: Humic Acid Market Breakdown by Form
9.1.2.7.2 Mexico: Humic Acid Market Breakdown by Form
9.1.2.7.3 Mexico: Humic Acid Market Breakdown by Application
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Agriculture Solutions Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Black Earth Products Inc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Agricultural and Mining Development SA
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Faust Bio-Agricultural Services Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Humic Growth Solutions Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Humintech GmbH
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 The Andersons Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 MYCSA Ag Inc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Grow More Inc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
LIST OF TABLES
Table 1. North America Humic Acid Market Segmentation
Table 2. List of Raw Material Manufacturers in the US
Table 3. List of Raw Material Manufacturers in Canada
Table 4. North America Humic Acid Market Volume and Forecasts To 2030 (Kilo Tons)
Table 5. North America Humic Acid Market Revenue and Forecasts To 2030 (US$ Million)
Table 6. US: Humic Acid Market Volume and Forecasts To 2030 (Kilo Tons) - By Form
Table 7. US : Humic Acid Market Revenue and Forecasts To 2030 (US$ Mn) - By Form
Table 8. US :Humic Acid Market Revenue and Forecasts To 2030 (US$ Million) - By Application
Table 9. Canada : Humic Acid Market Volume and Forecasts To 2030 (Kilo Tons) - By Form
Table 10. Canada : Humic Acid Market Revenue and Forecasts To 2030 (US$ Mn) - By Form
Table 11. Canada : Humic Acid Market Revenue and Forecasts To 2030 (US$ Million) - By Application
Table 12. Mexico: Humic Acid Market Volume and Forecasts To 2030 (Kilo Tons) - By Form
Table 13. Mexico: Humic Acid Market Revenue and Forecasts To 2030 (US$ Mn) - By Form
Table 14. Mexico: Humic Acid Market Revenue and Forecasts To 2030 (US$ Million) - By Application
LIST OF FIGURES
Figure 1. North America Humic Acid Market Segmentation, By country
Figure 2. Porter's Five Forces Analysis
Figure 3. Ecosystem: North America Humic Acid Market
Figure 4. North America Humic Acid Market - Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. North America Humic Acid Market Revenue and Forecasts To 2030 (US$ Million), 2022 - 2030
Figure 7. North America Humic Acid Market Share (%) - Form, 2022 and 2030
Figure 8. Dry: North America Humic Acid Market Revenue and Forecasts To 2030 (Kilo Tons)
Figure 9. Dry: North America Humic Acid Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Liquid: North America Humic Acid Market Revenue and Forecasts To 2030 (Kilo Tons)
Figure 11. Liquid: North America Humic Acid Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. North America Humic Acid Market Share (%) - Form, (2022 and 2030)
Figure 13. Agriculture: North America Humic Acid Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Horticulture: North America Humic Acid Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Ecological Bioremediation: North America Humic Acid Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Dietary Supplements: North America Humic Acid Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Others: North America Humic Acid Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. North America Humic acid market Breakdown Revenue, by Key Countries (2022)
Figure 19. North America Humic acid market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 20. Sukhumi Acid Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 21. US :Humic Acid Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 22. Canada : Humic Acid Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 23. Canada : Humic Acid Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 24. Mexico: Humic Acid Market Revenue and Forecasts To 2030 (Kilo Tons)
Figure 25. Mexico: Humic Acid Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 26. Company Positioning & Concentration
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