At 10.7% CAGR, the Europe Humic Acid Market is Projected to be Worth US$ 960.21 million by 2030, says The Business Market Insights

According to the Business Market Insights’ 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.  

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