The Europe humic acid market is expected to grow from US$ 425.84 million in 2022 to US$ 960.21 million by 2030. It is estimated to grow at a CAGR of 10.7% from 2022 to 2030.
Humic acid can act as a coagulant or flocculant in water. It can facilitate bioremediation, which involves the use of microorganisms to degrade or transform pollutants. It acts as a natural chelator, enhancing the bioavailability of contaminants and promoting microbial activity for the degradation of various pollutants. Humic acid and its derivatives have demonstrated pharmaceutical applications. They have been studied for their antimicrobial properties and use as drug delivery systems, and for potential therapeutic effects in various medical conditions. Humic acid is also being explored for its use in cosmetics and personal care products due to its moisturizing, antioxidant, and anti-aging properties; it is used in formulations such as creams, lotions, and hair care products. Thus, the demand for humic acid is increasing due to its versatility, environmental benefits, and role in environmental remediation.
Moreover, the European government has established some standard agricultural policies to support organic farming and the utilization of biofertilizers. The European Union continues to promote biofertilizers as a cost-effective alternative to chemical fertilizers, advising farmers to optimize the application of chemical fertilizers or replace them entirely or partially with environmentally friendly alternatives for a better economic return. Thus, due to changing market trends, farmers are increasingly adopting organic fertilizers to enhance crop productivity. Humic acid is mostly used in organic fertilizers. Therefore, the rising adoption of organic fertilizers fuels the humic acid market growth in Europe.
Based on form, the Europe humic acid market is segmented into dry and liquid. The dry segment held a larger Europe humic acid market share in 2022.
Based on application, the Europe humic acid market is segmented into agriculture, horticulture, ecological bioremediation, dietary supplements, and others. The agriculture segment held the largest Europe humic acid market share in 2022.
Based on country, the Europe humic acid market has been categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe humic acid market in 2022.
Agricultural and Mining Development SA, Humic Growth Solutions Inc, Humintech GmbH, The Andersons Inc, and Grow More Inc. are some of the leading companies operating in the humic acid market in the region.
Expansion of Humic Acid Applications Fuels Europe Humic Acid Market
Humic acid, a component of humus (organic matter in soil), has traditionally been recognized for its significant role in agriculture and soil fertility. However, its use has extended beyond agriculture, and it has found applications in various non-agricultural sectors. Humic acid has shown promising application in environmental remediation efforts. It is used to treat contaminated soil, groundwater, and surface water by enhancing removal of pollutants such as heavy metals, pesticides, and organic compounds. In addition, humic acid can be employed in water treatment processes to improve water quality. It aids in the removal of impurities, including heavy metals, organic pollutants, and suspended solids.Humic acid can act as a coagulant or flocculant in water. It can facilitate bioremediation, which involves the use of microorganisms to degrade or transform pollutants. It acts as a natural chelator, enhancing the bioavailability of contaminants and promoting microbial activity for the degradation of various pollutants. Humic acid and its derivatives have demonstrated pharmaceutical applications. They have been studied for their antimicrobial properties and use as drug delivery systems, and for potential therapeutic effects in various medical conditions. Humic acid is also being explored for its use in cosmetics and personal care products due to its moisturizing, antioxidant, and anti-aging properties; it is used in formulations such as creams, lotions, and hair care products. Thus, the demand for humic acid is increasing due to its versatility, environmental benefits, and role in environmental remediation.
Europe Humic Acid Market Overview
The humic acid market in Europe is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Europe is a significantly growing market, owing to increasing consumption from countries such as France, Germany, and the UK. France has one of the largest agricultural sectors in Europe. It is among the top crop producers in the world and produces sugar beets, milk, wine, beef and veal, cereals, and oilseeds. Similarly, Germany is the world's third-largest exporter of agricultural goods. Grain is majorly cultivated on about one-third of the agricultural land of Germany, and wheat is the leading crop, followed by rye and barley. Thus, the increasing growth of the agriculture sector in various European countries boosts the demand for fertilizers. As a result, the demand for humic acid is increasing as it is one of the significant ingredients in fertilizers, which enhances the growth of soil microorganisms and protects crops against harmful toxins and metals.Moreover, the European government has established some standard agricultural policies to support organic farming and the utilization of biofertilizers. The European Union continues to promote biofertilizers as a cost-effective alternative to chemical fertilizers, advising farmers to optimize the application of chemical fertilizers or replace them entirely or partially with environmentally friendly alternatives for a better economic return. Thus, due to changing market trends, farmers are increasingly adopting organic fertilizers to enhance crop productivity. Humic acid is mostly used in organic fertilizers. Therefore, the rising adoption of organic fertilizers fuels the humic acid market growth in Europe.
Europe Humic Acid Market Revenue and Forecast to 2030 (US$ Million)
Europe Humic Acid Market Segmentation
The Europe humic acid market is segmented into form, application, and country.Based on form, the Europe humic acid market is segmented into dry and liquid. The dry segment held a larger Europe humic acid market share in 2022.
Based on application, the Europe humic acid market is segmented into agriculture, horticulture, ecological bioremediation, dietary supplements, and others. The agriculture segment held the largest Europe humic acid market share in 2022.
Based on country, the Europe humic acid market has been categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe humic acid market in 2022.
Agricultural and Mining Development SA, Humic Growth Solutions Inc, Humintech GmbH, The Andersons Inc, and Grow More Inc. are some of the leading companies operating in the humic acid market in the region.
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. Europe Humic Acid Market Landscape
5. Europe Humic Acid Market - Key Industry Dynamics
6. Humic Acid Market - Europe Market Analysis
7. Europe Humic Acid Market Analysis - Form
8. Europe Humic Acid Market Analysis - Application
9. Europe Humic Acid Market - Country Analysis
10. Competitive Landscape
11. Industry Landscape
12. Company Profiles
List of Tables
List of Figures
Executive Summary
At 10.7% CAGR, the Europe Humic Acid Market is Speculated to be Worth US$ 960.21 million by 2030.According to this research,, the Europe humic acid market was valued at US$ 425.84 million in 2022 and is expected to reach US$ 960.21 million by 2030, registering a CAGR of 10.7% from 2022 to 2030. Increasing use of humic acid for agricultural yield improvement and expansion of humic acid applications are the critical factors attributed to the Europe humic acid market expansion.
There is a growing consumer preference for natural and organic food products, including meat, dairy, and eggs. This shift is driven by concerns about synthetic additives, antibiotics, and hormones in animal feed and their potential impact on human health. Humic acid, being a natural compound derived from organic matter, matches the requirements of consumers seeking natural and organic food products. It helps improve animal digestion and nutrient absorption, leading to better feed conversion and growth rates. It also enhances immune function and reduces the risk of infections in livestock, promoting overall animal health and well-being. As animal farmers aim to optimize productivity while maintaining animal welfare, the demand for feed additives such as humic acid increases. According to the article Humic Substances as a Feed Supplement and the Benefits of Produced Chicken Meat, published by MDPI AG, humic acid enhances the digestibility of animals, absorption of nutrients, and the overall health of the gastrointestinal tract. Furthermore, gut microbiota plays a vital role in animal health and nutrient utilization. Humic acid has been shown to positively influence gut microbiota by promoting the growth of beneficial bacteria and inhibiting the reproduction of harmful pathogens. This helps maintain a healthy gut environment and can improve feed efficiency and animal performance.
In recent years, the livestock industry in various countries has expanded rapidly with a shift in consumers’ diet preferences toward animal proteins. Poultry is perceived as a cost-effective protein source. Population growth, income surge, elevating living standards, and urbanization have been the key factors propelling the demand for meat worldwide. The increasing demand for meat products highlights the need for animal feed and feed additives. Further, Thus, the rising demand for natural animal feed products in different parts of the world is expected to bolster the humic acid market in the coming years.
On the contrary, lack of standardization hurdles the growth of Europe humic acid market.
Based on form, the Europe humic acid market is segmented into dry and liquid. The dry segment held 71.6% share of Europe humic acid market in 2022, amassing US$ 304.83 million. It is projected to garner US$ 697.75 million by 2030 to expand at 10.9% CAGR during 2022-2030.
Based on application, the Europe humic acid market is segmented into agriculture, horticulture, ecological bioremediation, dietary supplements, and others. The agriculture segment held 51.4% share of Europe humic acid market in 2022, amassing US$ 218.74 million. It is projected to garner US$ 474.57 million by 2030 to expand at 10.2% CAGR during 2022-2030.
Based on country, the Europe humic acid market has been categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 35.5% share of Europe humic acid market in 2022. It was assessed at US$ 151.30 million in 2022 and is likely to hit US$ 317.64 million by 2030, exhibiting a CAGR of 9.7% during 2022-2030.
Key players operating in the Europe humic acid market are Agricultural and Mining Development SA, Humic Growth Solutions Inc, Humintech GmbH, The Andersons Inc, and Grow More Inc., among others.
In Feb 2023, The Andersons, Inc. launched a new line of granular micronutrients branded MicroMark DG. These engineered plant nutrient products feature dispersing granule (DG) technology, resulting in homogenous spherical granules for easier blending, spreading, and, most importantly, increased efficacy. The company offers humic acid products under this category.
Companies Mentioned
- Agricultural and Mining Development SA
- Humic Growth Solutions Inc
- Humintech GmbH
- The Andersons Inc
- Grow More Inc
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 74 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value in 2022 | 425.84 Million |
| Forecasted Market Value by 2030 | 960.21 Million |
| Compound Annual Growth Rate | 10.7% |
| Regions Covered | Europe |
| No. of Companies Mentioned | 5 |
