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Global Fulvic Acid Market: By Form: Liquid, Powder; By Application: Agriculture, Medicine and Supplements, Personal Care, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Fulvic Acid Market Outlook
The global fulvic acid market attained a value of about USD 774.9 million in 2022. The market is estimated to further expand at a CAGR of 11.1% between 2023 and 2028, to reach a value of around USD 1,450.8 million by 2028.
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The Agriculture Sector Dominates the Fulvic Acid Industry
Based on application, while the agriculture sector leads the industry, the medicine and supplements segment is expected to witness a healthy growth over the forecast period owing to the growing R&D activities. Fulvic acid and shilajit, a substance high in fulvic acid, have long been in use to treat numerous ailments in traditional medicine and both are sold in supplement form today. Thus, the growing popularity of fulvic acid-based supplements is expected to aid the industry growth.
Europe Provides Significant Opportunities for the Market Growth
Europe accounts for a significant share in the industry owing to the favourable government policies and the growing demand for organic products in the region. The growing focus on sustainable development and the stringent government regulations to encourage farmers to adopt organic farming methods have significantly contributed to the regional industry growth. Moreover, the consumers are becoming aware regarding then harmful effects of synthetic chemicals on their health, which is leading to the increased demand for organic products, thus, propelling the demand for fulvic acid.
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Fulvic Acid: Market Segmentation
Fulvic acid is a class of natural acidic organic polymer extracted from humus, a fraction of soil organic matter (SOM). Being a subclass of diverse compounds known as humic substances, fulvic acid naturally occurs in soil, compost, and marine sediments. It is believed to originate as a product of microbial metabolism. Its set of physical and chemical properties like small molecular weight, hydrophilic, carboxylic-containing molecules properties, carbon and oxygen contents, and acidity separate it from other humic substances that have higher molecular weight and different solubility and oxygen content.
By form, the market is bifurcated into:
- Liquid
- Powder
Based on application, the industry can be segmented into:
- Agriculture
- Medicine and Supplements
- Personal Care
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing R&D Activities About the Therapeutic Potential of Fulvic Acid is Expected to Boost the Fulvic Acid Industry Growth
The growing concern regarding the harmful effects of synthetic agrochemicals and fertilisers is driving the demand for fulvic acid-based products in the agricultural sector. The global market for fulvic acid is being driven by the growing health awareness among consumers, rising demand for organic products, advancing agricultural sector, and favourable government initiatives. The growing adoption of bio-based resources in farming is propelling the product demand.
Over the forecast period, the growing R&D activities by the various government and private organisations regarding the therapeutic potential of fulvic acid in chronic inflammatory diseases and diabetes are expected to bolster the market growth. This is supported by the growing prevalence of chronic inflammatory diseases, such as diabetes, and the growing focus on new therapeutic measures involving the use of natural health products (NHPs). Traditional medicine and modern research claim that fulvic acid, one such NHP, has the ability to modulate the immune system, influence the oxidative state of cells, and improve gastrointestinal function. This is expected to enhance the demand for the product in the medical sector, thus contributing to the industry growth in the coming years.
Key Industry Players in the Global Fulvic Acid Market
The report gives a detailed analysis of the following key players in the global fulvic acid market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Valagro S.P.A
- AgTonik, LLC
- Mycsa AG
- Saint Humic Acid
- Nutri-Tech Solutions Pty Ltd
- Redox Industries Limited
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Form, Application, Region |
| Breakup by Form | Liquid, Powder |
| Breakup by Application | Agriculture, Medicine and Supplements, Personal Care, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Valagro S.P.A, AgTonik, LLC, Mycsa AG, Saint Humic Acid, Nutri-Tech Solutions Pty Ltd, Redox Industries Limited, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Fulvic Acid Market Analysis
8.1 Key Industry Highlights
8.2 Global Fulvic Acid Historical Market (2018-2022)
8.3 Global Fulvic Acid Market Forecast (2023-2028)
8.4 Global Fulvic Acid Market by Form
8.4.1 Liquid
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Powder
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Fulvic Acid Market by Application
8.5.1 Agriculture
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Medicine and Supplements
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Personal Care
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Fulvic Acid Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Fulvic Acid Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Fulvic Acid Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Fulvic Acid Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Fulvic Acid Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Fulvic Acid Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Valagro S.P.A
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 AgTonik, LLC
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Mycsa AG
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Saint Humic Acid
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Nutri-Tech Solutions Pty Ltd
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Redox Industries Limited
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Fulvic Acid Market: Key Industry Highlights, 2018 and 2028
2. Global Fulvic Acid Historical Market: Breakup by Form (USD Billion), 2018-2022
3. Global Fulvic Acid Market Forecast: Breakup by Form (USD Billion), 2023-2028
4. Global Fulvic Acid Historical Market: Breakup by Application (USD Billion), 2018-2022
5. Global Fulvic Acid Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. Global Fulvic Acid Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Fulvic Acid Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Fulvic Acid Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Fulvic Acid Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Fulvic Acid Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Fulvic Acid Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Fulvic Acid Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Fulvic Acid Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Fulvic Acid Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Fulvic Acid Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Fulvic Acid Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Fulvic Acid Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. North America Historical Price Trends and Forecast 2018-2028
19. Europe Historical Price Trends and Forecast 2018-2028
20. Asia Pacific Historical Price Trends and Forecast 2018-2028
21. Latin America Historical Price Trends and Forecast 2018-2028
22. Middle East and Africa Historical Price Trends and Forecast 2018-2028
23. Global Fulvic Acid Market Structure
Key Questions Answered in the Report
The global fulvic acid market attained a value of about USD 774.9 million in 2022.
The market is projected to grow at a CAGR of 11.1% between 2023 and 2028.
The fulvic acid market is estimated to reach about USD 1,450.8 billion by 2028.
The major drivers of the industry, such as the increasing preference for organic products, rising disposable incomes, growing global population, increasing demand for food, rising health awareness, and favourable government measures are expected to aid the market growth.
The key market trends guiding the growth of the industry include the growing research activities regarding the therapeutic potential of fulvic acid in the treatment of chronic diseases and diabetes and the rising demand for natural supplements.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading forms of fulvic acid in the market are liquid and powder.
The significant application segments in the industry are agriculture, medicine and supplements, and personal care, among others.
The major players in the industry are Valagro S.P.A, AgTonik, LLC, Mycsa AG, Saint Humic Acid, Nutri-Tech Solutions Pty Ltd, and Redox Industries Limited, among others.
Analyst Review
The global fulvic acid market attained a value of USD 774.9 million in 2022. Aided by the rising research activities, the fulvic acid market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 11.1% to reach USD 1,450.8 million by 2028.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on form, the market is divided into liquid and powder. By application, the industry is segmented into agriculture, medicine and supplements, and personal care, among others. The major regional markets for fulvic acid are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Valagro S.P.A, AgTonik, LLC, Mycsa AG, Saint Humic Acid, Nutri-Tech Solutions Pty Ltd, and Redox Industries Limited, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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