European Humic Acid Market size is set to surpass USD 320 million by 2028, according to a latest forecast report by Graphical Research.
The market growth is with several agricultural products using the compound for improved crop production. The humic acid is being widely adopted in dietary supplements as well.
Consumers across the region are increasingly becoming aware about the potential health risks posed by synthetic fertilizers. European farmers have witnessed a declining demand for their produce grown using chemical-based fertilizers since before the COVID-19 pandemic. To support the transition to carbon neutral, organic agriculture practices, the European Union has been supporting stringent policies of regional governments aimed at limiting the use of synthetic products in farming.
In January 2021, the EU passed a new regulation laying down a detailed legal framework for the organic agriculture sector in the region. The new regulation will promote long-term soil health and improved support for biodiversity, at the same time upholding the principle of a non-toxic environment. Humic acid plays a vital role in enhancing soil health. It can support crop health grown on soil with heavy metal contamination. Several regional retailers have been maintaining stocks of humic acid as these products can enhance nutrient availability, thereby preventing micronutrient deficiencies in crops.
Europe humic acid market share from dietary supplements application will reach USD 30 million by 2028. With the COVID-19 heath emergency compelling the worldwide population to reconsider the role of nutraceuticals in improving human health, individuals are consuming more effective dietary supplements than earlier. They have been seeking ways to optimize their mucosal immunity via natural anti-viral ingredients.
As several research studies have demonstrated the ability of humic acid to inhibit all kinds of viruses, numerous health supplement brands have been integrating these substances in their formulations. The antioxidant and detoxifying properties of these ingredients will ensure that they deliver optimal results by purifying the body’s system, helping restore its natural balance.
Ongoing research initiatives are likely to further generate new prospects for the biostimulants market growth. The demand for humic-based biostimulants will increase due to the growing testing of humic acid for maize production in the coming years. The horticulture segment is expected to see a stable rise in product adoption, with exogenous application of these substances for improving primary and secondary metabolism in plants.
Browse detailed statistical insights from the report, “Europe Humic Acid Market Forecast 2028 By Application (Agriculture, Ecological Bioremediation, Horticulture, Dietary Supplements), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
France humic acid market will witness 10% CAGR from 2022 to 2028. Agriculture and horticulture applications in the nation are likely to see continuous uptick over the next few years, prompted by the spiraling consumption of fresh fruits and vegetables. To fulfill these demands, regional farmers have been seeking ways to improve their crop yields. France is also home to significant culinary trends and is a tourism hotspot, which will reinforce the humic acid demand from farming applications.
With the regional government organizing roundtables for raising awareness regarding osteoporosis, the dietary supplements applications will gain traction in the country. Humic acid supplements can prevent mineral deficiencies as they contain trace minerals required by the body. The local ‘Ma Santé (My Health) 2022’ initiative will create awareness regarding prevention of osteoporosis as well as other major diseases. Manufacturers have been catering to the need of aging patients by introducing powder or liquid mineral dietary supplements fortified with fulvic and humic acid.
The Europe humic acid market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2017 to 2028 for the following segments:
Europe Market, By Application
- Ecological bioremediation
- Dietary supplements
The above information has been provided for the following countries: