North America Humic Acid Market

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2030

Analysis – by Form (Dry, and Liquid) and Application (Agriculture, Horticulture, Ecological Bioremediation, Dietary Supplements, and Others)


No. of Pages: 74    |    Report Code: BMIRE00029162    |    Category: Chemicals and Materials

North America Humic Acid Market
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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.


North America Humic Acid Strategic Insights

Strategic insights for the North America Humic Acid provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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North America Humic Acid Report Scope

Report Attribute Details
Market size in 2022 US$ 253.19 Million
Market Size by 2030 US$ 587.95 Million
Global CAGR (2022 - 2030) 11.1%
Historical Data 2020-2021
Forecast period 2023-2030
Segments Covered By Form
  • Dry
  • Liquid
By Application
  • Agriculture
  • Horticulture
  • Ecological Bioremediation
  • Dietary Supplements
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Market leaders and key company profiles
  • 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
  • The Andersons Inc
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    North America Humic Acid Regional Insights

    The geographic scope of the North America Humic Acid refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    The List of Companies - North America Humic Acid Market

    • 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
    • The Andersons Inc
    Frequently Asked Questions
    How big is the North America Humic Acid Market?

    The North America Humic Acid Market is valued at US$ 253.19 Million in 2022, it is projected to reach US$ 587.95 Million by 2030.

    What is the CAGR for North America Humic Acid Market by (2022 - 2030)?

    As per our report North America Humic Acid Market, the market size is valued at US$ 253.19 Million in 2022, projecting it to reach US$ 587.95 Million by 2030. This translates to a CAGR of approximately 11.1% during the forecast period.

    What segments are covered in this report?

    The North America Humic Acid Market report typically cover these key segments-

    • Form (Dry, Liquid)
    • Application (Agriculture, Horticulture, Ecological Bioremediation, Dietary Supplements)

    What is the historic period, base year, and forecast period taken for North America Humic Acid Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Humic Acid Market report:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2030
  • Who are the major players in North America Humic Acid Market?

    The North America Humic Acid Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • 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
  • The Andersons Inc
  • Who should buy this report?

    The North America Humic Acid Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the North America Humic Acid Market value chain can benefit from the information contained in a comprehensive market report.

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