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Middle East & Africa Humic Acid Market Forecast to 2030
Middle East & Africa Humic Acid Market Forecast to 2030 – Regional Analysis – by Form (Dry, and Liquid) and Application (Agriculture, Horticulture, Ecological Bioremediation, Dietary Supplements, and Others)
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Description
Growing Demand for Organic Food Products Fuels Middle East & Africa Humic Acid Market
Organic farming practices emphasize soil health and fertility. As a natural soil amendment, humic acid enhances soil structure, improves nutrient availability, and promotes microbial activity. It helps organic farmers maintain and improve soil fertility. Organic food production requires compliance with specific standards and regulations. Organic certifying bodies often require the use of approved inputs and practices, including organic soil amendments. Humic acid, derived from organic sources, fulfills the requirements for organic certification. In addition, humic acid has been shown to improve plant growth by facilitating root development and improving stress tolerance. Organic food producers prioritize plant health and natural disease resistance by minimizing synthetic pesticides and fertilizers. The use of humic acid in organic farming contributes to the production of food that is perceived as healthier and more environmentally friendly. Thus, the growing demand for organic food products would lead to new trends in the humic acid market in the coming years, as it is being projected as an essential component of organic farming practices.
Middle East & Africa Humic Acid Market Overview
The Middle East & Africa humic acid market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Increasing awareness about the harmful effects of inorganic chemical compounds, artificial compounds, and synthetic fertilizers in the region bolsters the demand for organic compounds such as humic acid. Humic acid is increasingly used as a bio-stimulant to decompose the organic residues in soil. It increases the metabolic activity of soil organisms and speeds up the decomposition process. These factors fuel the demand for humic acid.
The rise in demand for sustainable agriculture is driving farmers in the Middle East & Africa to adopt a cost-effective integrated nutrient management system. This, in turn, increases the demand for biofertilizers in the region. This region comprises small and marginal farmers in large shares. Therefore, increasing demand for low-cost fertilizers such as biofertilizers propels the humic acid market in the region.
Middle East & Africa Humic Acid Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Humic Acid Market Segmentation
The Middle East & Africa humic acid market is segmented into form, application, and country.
Based on form, the Middle East & Africa humic acid market is segmented into dry and liquid. The dry segment held a larger Middle East & Africa humic acid market share in 2022.
Based on application, the Middle East & Africa humic acid market is segmented into agriculture, horticulture, ecological bioremediation, dietary supplements, and others. The agriculture segment held the largest Middle East & Africa humic acid market share in 2022.
Based on country, the Middle East & Africa humic acid market has been categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. South Africa dominated the Middle East & Africa humic acid market in 2022.
Agricultural and Mining Development SA, Grow More Inc, Humic Growth Solutions Inc, and Humintech GmbH are some of the leading companies operating in the humic acid market in the region.
Summary Info
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According to the research team’ research, the Middle East & Africa humic acid market was valued at US$ 45.99 million in 2022 and is expected to reach US$ 95.84 million by 2030, registering a CAGR of 9.6% 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 Middle East & Africa humic acid market expansion.
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.
On the contrary, lack of standardization hurdles the growth of Middle East & Africa humic acid market.
Based on form, the Middle East & Africa humic acid market is segmented into dry and liquid. The dry segment held 76.7% share of Middle East & Africa humic acid market in 2022, amassing US$ 35.26 million. It is projected to garner US$ 74.24 million by 2030 to expand at 9.8% CAGR during 2022-2030.
Based on application, the Middle East & Africa humic acid market is segmented into agriculture, horticulture, ecological bioremediation, dietary supplements, and others. The agriculture segment held 56.4% share of Middle East & Africa humic acid market in 2022, amassing US$ 25.95 million. It is projected to garner US$ 53.22 million by 2030 to expand at 9.4% CAGR during 2022-2030.
Based on country, the Middle East & Africa humic acid market has been categorized into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that South Africa captured 39.3% share of Middle East & Africa humic acid market in 2022. It was assessed at US$ 18.08 million in 2022 and is likely to hit US$ 39.32 million by 2030, exhibiting a CAGR of 10.2% during 2022-2030.
Key players operating in the Middle East & Africa humic acid market are Agricultural and Mining Development SA, Grow More Inc, Humic Growth Solutions Inc, and Humintech GmbH, among others.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa humic acid market.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa humic acid market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving humic acid market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1.1 The Research Team Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa Humic Acid Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 List of Raw Material Manufacturers
5. Middle East & Africa Humic Acid Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Use of Humic Acid for Agricultural Yield Improvement
5.1.2 Expansion of Humic Acid Applications
5.2 Market Restraints
5.2.1 Lack of Standardization
5.3 Opportunities
5.3.1 Rising Demand for Natural Feed Additives
5.4 Future Trends
5.4.1 Growing Demand for Organic Food Products
5.5 Impact of Drivers and Restraints:
6. Humic Acid Market – Middle East & Africa Market Analysis
6.1 Middle East & Africa Humic Acid Market Revenue (US$ Million), 2022 – 2030
6.2 Middle East & Africa Humic Acid Market Forecast and Analysis
7. Middle East & Africa Humic Acid Market Analysis – Form
7.1 Dry
7.1.1 Overview
7.1.2 Dry: Middle East & Africa Humic Acid Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.2 Liquid
7.2.1 Overview
7.2.2 Liquid: Middle East & Africa Humic Acid Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
8. Middle East & Africa Humic Acid Market Analysis – Application
8.1 Agriculture
8.1.1 Overview
8.1.2 Agriculture: Middle East & Africa Humic Acid Market Revenue and Forecast to 2030 (US$ Million)
8.2 Horticulture
8.2.1 Overview
8.2.2 Horticulture: Middle East & Africa Humic Acid Market Revenue and Forecast to 2030 (US$ Million)
8.3 Ecological Bioremediation
8.3.1 Overview
8.3.2 Ecological Bioremediation: Middle East & Africa Humic Acid Market Revenue and Forecast to 2030 (US$ Million)
8.4 Dietary Supplements
8.4.1 Overview
8.4.2 Dietary Supplements: Middle East & Africa Humic Acid Market Revenue and Forecast to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Middle East & Africa Humic Acid Market Volume, Revenue and Forecast to 2030 (US$ Million)
9. Middle East & Africa Humic Acid Market – Country Analysis
9.1 Middle East & Africa
9.1.1 Middle East & Africa Humic Acid Market Overview
9.1.2 Middle East & Africa Humic Acid Market Revenue and Forecasts and Analysis – By Countries
9.1.2.1 Humic Acid Market Breakdown by Country
9.1.2.2 South Africa: Humic Acid Market Volume and Forecasts to 2030 (Kilo Tons)
9.1.2.3 South Africa: Humic Acid Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.3.1 South Africa: Humic Acid Market Breakdown by Form
9.1.2.3.2 South Africa: Humic Acid Market Breakdown by Form
9.1.2.3.3 South Africa: Humic Acid Market Breakdown by Application
9.1.2.4 Saudi Arabia: Humic Acid Market Volume and Forecasts to 2030 (Kilo Tons)
9.1.2.5 Saudi Arabia: Humic Acid Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.5.1 Saudi Arabia: Humic Acid Market Breakdown by Form
9.1.2.5.2 Saudi Arabia: Humic Acid Market Breakdown by Form
9.1.2.5.3 Saudi Arabia: Humic Acid Market Breakdown by Application
9.1.2.6 UAE: Humic Acid Market Volume and Forecasts to 2030 (Kilo Tons)
9.1.2.7 UAE: Humic Acid Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.7.1 UAE: Humic Acid Market Breakdown by Form
9.1.2.7.2 UAE: Humic Acid Market Breakdown by Form
9.1.2.7.3 UAE: Humic Acid Market Breakdown by Application
9.1.2.8 Rest of Middle East & Africa: Humic Acid Market Volume and Forecasts to 2030 (Kilo Tons)
9.1.2.9 Rest of Middle East & Africa: Humic Acid Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.9.1 Rest of Middle East & Africa: Humic Acid Market Breakdown by Form
9.1.2.9.2 Rest of Middle East & Africa: Humic Acid Market Breakdown by Form
9.1.2.9.3 Rest of Middle East & Africa: Humic Acid Market Breakdown by Application
10. Competitive Landscape
10.1 Heat Map Analysis By Key Players
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Agricultural and Mining Development SA
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Humic Growth Solutions Inc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Humintech GmbH
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Grow More Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
13. Appendix
LIST OF TABLES
Table 2. List of Raw Material Manufacturers in South Africa
Table 3. Middle East & Africa Humic Acid Market Volume and Forecasts To 2030 (Kilo Tons)
Table 4. Middle East & Africa Humic Acid Market Revenue and Forecasts To 2030 (US$ Million)
Table 5. South Africa: Humic Acid Market Volume and Forecasts To 2030 (Kilo Tons) – By Form
Table 6. South Africa: Humic Acid Market Revenue and Forecasts To 2030 (US$ Million) – By Form
Table 7. South Africa: Humic Acid Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 8. Saudi Arabia: Humic Acid Market Volume and Forecasts To 2030 (Kilo Tons) – By Form
Table 9. Saudi Arabia: Humic Acid Market Revenue and Forecasts To 2030 (US$ Million) – By Form
Table 10. Saudi Arabia: Humic Acid Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 11. UAE: Humic Acid Market Volume and Forecasts To 2030 (Kilo Tons) – By Form
Table 12. UAE: Humic Acid Market Revenue and Forecasts To 2030 (US$ Million) – By Form
Table 13. UAE: Humic Acid Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 14. Rest of Middle East & Africa: Humic Acid Market Volume and Forecasts To 2030 (Kilo Tons) – By Form
Table 15. Rest of Middle East & Africa: Humic Acid Market Revenue and Forecasts To 2030 (US$ Million) – By Form
Table 16. Rest of Middle East & Africa: Humic Acid Market Revenue and Forecasts To 2030 (US$ Million) – By Application
LIST OF FIGURES
Figure 2. Porter’s Five Forces Analysis
Figure 3. Ecosystem: Middle East & Africa Humic Acid Market
Figure 4. Middle East & Africa Humic Acid Market – Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Middle East & Africa Humic Acid Market Revenue (US$ Million), 2022 – 2030
Figure 7. Middle East & Africa Humic Acid Market Share (%) – Form, 2022 and 2030
Figure 8. Dry: Middle East & Africa Humic Acid Market Revenue and Forecasts To 2030 (Kilo Tons)
Figure 9. Dry : Middle East & Africa Humic Acid Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Liquid: Middle East & Africa Humic Acid Market Revenue and Forecasts To 2030 (Kilo Tons)
Figure 11. Liquid: Middle East & Africa Humic Acid Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Middle East & Africa Humic Acid Market Share (%) – Form, 2022 and 2030
Figure 13. Agriculture: Middle East & Africa Humic Acid Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Horticulture: Middle East & Africa Humic Acid Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Ecological Bioremediation: Middle East & Africa Humic Acid Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Dietary Supplements: Middle East & Africa Humic Acid Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Others: Middle East & Africa Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Middle East & Africa Humic Acid Market Revenue, by Key Countries (2022) (US$ Million)
Figure 19. Middle East & Africa Humic Acid Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 20. South Africa: Humic Acid Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 21. South Africa: Humic Acid Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22. Saudi Arabia: Humic Acid Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 23. Saudi Arabia: Humic Acid Market Revenue and Forecasts To 2030 (US$ Million)
Figure 24. UAE: Humic Acid Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 25. UAE: Humic Acid Market Revenue and Forecasts To 2030 (US$ Million)
Figure 26. Rest of Middle East & Africa : Humic Acid Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 27. Rest of Middle East & Africa: Humic Acid Market Revenue and Forecasts To 2030 (US$ Million)
Figure 28. Company Positioning & Concentration
The List of Companies – Middle East & Africa Humic Acid Market
o Agricultural and Mining Development SA
o Grow More Inc
o Humic Growth Solutions Inc
o Humintech GmbH
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