The global humic acid market size was USD 712.8 Million in 2024 and is forecast to reach USD 1,410.2 Million by 2033. The market is expected to grow at a CAGR of 7.9% during the forecast period of 2025-2033. Growth is driven by the rising need to enhance agricultural productivity, increasing environmental concerns over chemical pollution and soil degradation, along with a growing focus on soil remediation solutions. 

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Humic Acid Market Key Takeaways

• Current Market Size: USD 712.8 Million in 2024
• CAGR: 7.9% (2025-2033)
• Forecast Period: 2025-2033
• The market growth is propelled by the rising focus on sustainable agriculture and soil remediation.
• Asia Pacific currently leads the humic acid market, supported by large population and food demand.
• North America is emerging as a fast-growing market due to efforts in maximizing crop yields.
• Key industry players include Agbest Technology Co. Limited, Arctech Inc., Cifo Srl, and The Andersons, Inc., among others.
• Innovative formulations tailored to specific crops and applications are increasingly adopted.

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Market Growth Factors

The global humic acid market is witnessing robust growth primarily due to the rising emphasis on sustainable agriculture and soil health. The demand for humic acid as a natural soil conditioner is increasing as it improves soil structure, nutrient-holding capacity, and stimulates beneficial microbial activity. This enhances nutrient absorption by plants and boosts crop yields. For example, in February 2023, The Andersons Inc. launched MicroMark DG Humic, a granular fertilizer blend including humic acid, which supports increased efficacy and crop productivity.

Environmental concerns are a significant driver for market expansion. Increasing awareness about chemical pollution, soil degradation, and negative impacts of conventional agricultural products fuels the shift towards organic and eco-friendly farming methods. Humic acid, being a natural organic substance, fits well with these sustainable practices. Initiatives such as organic farming practiced in 187 countries and governmental incentives, like the $250 million investment by the U.S. Department of Agriculture in 2022 for fertilizer production including humic acid, are boosting market demand.

The need for soil remediation due to elevated soil pollution and degradation is further encouraging the adoption of humic acid products. Humic acid binds heavy metals, toxins, and pollutants, reducing their mobility and bioavailability, thereby aiding soil cleanup. Products like NutrWise (launched in July 2022) and CARBO Ca (introduced in October 2023) exemplify innovative solutions leveraging humic acid for restoring polluted agricultural lands, which drives market expansion.

Market Segmentation

Breakup by Form:

• Powdered: Popular in agriculture for ease of application; mixes with soil and fertilizers; used for soil conditioning and seed treatment to enhance germination; also used in gardening and landscaping.
• Granular: Used for long-term soil improvement; gradual release of humic substances; favored in turf management, golf courses, large-scale farming; suitable for organic farming.
• Liquid: Versatile and applied via irrigation or foliar sprays; rapid nutrient uptake; suitable for crop nutrition, stress management, hydroponics, and aquaponics; can be blended with other agrochemicals.

Breakup by Sales Channel:

• Direct: Sales from manufacturers directly to end-users (farmers, cooperatives); allows tailored solutions and technical support; used for bulk and customized orders.
• Indirect: Involves intermediaries like distributors, retailers, and dealers; convenient for buying varied products locally; preferred by small-scale farmers and gardeners.

Breakup by Application:

• Agriculture: Largest segment; humic acid improves soil health and nutrient uptake, increasing crop yields; applied directly or with fertilizers; supports conventional and organic practices.
• Animal Feed
• Pharmaceuticals
• Horticulture
• Others

Regional Insights

Asia Pacific dominates the global humic acid market due to its large population and rising food demand. It accounts for the largest market share, fueled by growing focus on yield enhancement and soil quality improvement. Rapid industrialization causing soil pollution necessitates soil remediation, increasing humic acid demand. India is a key market with 2.6 million hectares of organic cultivation and 4.43 million organic farmers, the highest worldwide. Supportive government policies in countries like Japan further stimulate sustainable agriculture adoption in the region.

Recent Developments & News

In February 2023, The Andersons Inc. launched MicroMark DG Humic, a granular micronutrient fertilizer containing calcium, manganese, sulfur, zinc, and humic acid, utilizing dispersing granule technology for improved efficacy. In September 2022, Humic Growth Solutions Inc., with a manufacturing presence in the US and Canada, received a strategic investment from Paine Schwartz Partners to enhance product quality and expand sustainable agriculture solutions.

Key Players

• Agbest Technology Co. Limited
• Arctech Inc.
• Cifo Srl
• Desarrollo Agrícola y Minero S.A.
• Faust Bio-Agricultural Services, Inc
• HGS BioScience
• Humintech GmbH
• Jiloca Industrial SA
• Minerals Technologies Inc.
• Saint Humic Acid
• The Andersons, Inc.
• WestMET LLC
• Zhengzhou Shengda Khumic Agri Tech Co., Ltd

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