North American Humic Acid Market size is estimated to reach USD 390 million by 2027, according to a latest forecast report by Graphical Research. Favorable trends associated with the regional horticulture industry will positively influence the market growth.
The rising consumption of dietary supplements amidst changing lifestyle patterns and increasing health awareness will propel the market revenue. Humic acid contains antioxidants, amino acids, phytochemicals, enzymes, biochemicals, and many trace elements. It has antiviral and anti-flammatory properties and is beneficial in preventing mineral deficiencies, boosting immune system, and improving certain skin conditions. Moreover, it can aid in pain elevation and reducing the effect of free radicals in the body. Over 70% of adults in the U.S. consumed dietary supplements in 2019. These growth trends are expected to remain solid in the future, propelling the sales of humic acid during the forecast time period.
Browse detailed statistical insights from the report, “North America Humic Acid Market Forecast 2027 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) @
COVID-19 is expected to have limited impact on the U.S. agricultural sector. The agricultural sector is likely to remain resilient through pandemic; however, crop production will be minimized due to labor shortages and food supply chain will be affected owing to the transportation restrictions. The North America market will return to normalcy as restrictions are lifted and gain momentum by the end of the forecast period.
Humic acid improves soil structure, prevents soil cracking, and increases the water holding capacity. It chelates nutrient compounds in soil, making it suitable for plant utilization. It helps in increasing crop yields significantly with the minimum usage of fertilizers and pesticides. It reduces harmful toxins and stimulates proliferation of desirable micro-organisms in soil. The rising government spending on the agricultural sector in conjunction with supportive policies will augment the agricultural sector growth, thereby driving the product consumption for agricultural applications in the future. The agriculture segment is expected to cross USD 220 million by 2027.
The market for humic acid in North America research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
North America Market, By Application
- Ecological bioremediation
- Dietary supplements
The above information has been provided for the following countries: