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The global fulvic acid market attained a value of about USD 774.9 million in 2023. The market is estimated to further expand at a CAGR of 11.6% in the forecast period of 2024-2032.
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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 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 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:
Based on application, the industry can be segmented into:
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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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.
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:
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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Form |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global fulvic acid market attained a value of about USD 774.9 million in 2023.
The market is projected to grow at a CAGR of 11.6% between 2023 and 2032.
The fulvic acid market is estimated to reach about USD 1,450.8 billion by 2032.
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.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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