Humic Acid Market Size 2023 | Share, Outlook Report, Trends and Forecast 2028
How Big is the Humic Acid Market ? : IMARC Group’s latest report, titled “ Humic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ”, the global humic acid market size reached US$ 603.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,063.8 Million by 2028, exhibiting a growth rate (CAGR) of 9.1% during 2023-2028. What is Humic Acid ? : Humic acid is a mixture of organic compounds naturally occurring in soil, peat, coal, and decaying organic matter. It is formed through the decomposition of plant and animal remains over an extended period. It consists of a complex mixture of molecules, including humic acids, fulvic acids, and hymatomelanic acids, which vary in size and molecular weight. It can chelate or bind to various ions, making it a natural chelating agent for essential nutrients like iron, making them more available to plants. It en...