U.S. Humate Market Size, Share & Trends Analysis Report By Application (Ecological Bioremediation, Horticulture, Agriculture), By Distribution Channel, And Segment Forecasts, 2019 - 2025

Published: Oct, 2019 | Pages: 60 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)

The U.S. humate market size is projected to reach USD 284.6 million by 2025, registering a CAGR of 10.7% over the forecast period, according to a new report by Grand View Research, Inc. The demand for humate is anticipated to grow at a significant pace in the U.S. agronomy primarily due to the rising consumption of organic food, safe usage, and absence of major restrictions imposed by government bodies.

In 2018, agriculture and forestry accounted for 9.4% of the total Greenhouse Gas (GHG) emissions in U.S. The usage of nitrogen-based fertilizers and other nutrients used for crop and soil management generates a significant amount of GHG. The cultivation of crops with organic matter, such as organic manure, humate, compost, and other organic products has become of utmost importance to reduce atmospheric carbon content.

Humates are majorly used as soil amendments and soil conditioners in horticulture. Commercial horticulture business in U.S. was valued at over USD 13 billion in 2018 and is expected to grow rapidly owing to the improved housing statistics. The rise in housing projects along with increasing gardening activities is expected to boost the demand for humate. Growing number of horticulture retail stores is also expected to play a big part in boosting product demand.

Manufacturers in U.S. focus on the development of direct sales through company-owned retail stores. This distribution channel is growing significantly due to the uninterrupted supply of products and a decrease in margins of third-party distributors. The stores are majorly found in remote locations and form an important constituent of regional expansion strategy of the companies.

Further key findings from the report suggest:

• Demand for humate in the production of dietary supplements is projected to ascend at a CAGR of 11.2%, in terms of revenue, from 2019 to 2025. Use of humate does not cause any loss of animal fat, which in turn is expected to positively influence the demand

• Consumption of humate in hemp and cannabis farming is anticipated to expand at a CAGR of 5.1%, in terms of revenue, from 2019 to 2025, owing to its ability to increase the efficiency of nitrogen and phosphorus-based fertilizers

• The small and large format stores dominated with a market share of 77.5%, in terms of revenue, in 2018

• The U.S. humate market is highly fragmented as the major industry participants account for only around 16.5% of the overall market share. These companies utilize proprietary technologies and well-established distribution channels to sustain the competition

• Market players have been focusing on product development and innovation. In March 2017, Vltens NV and Humitech announced their co-operation in extracting food-grade humate from drinking water and developing products for livestock breeding and agriculture

 Table of Contents

Chapter 1 Methodology and Scope
                   1.1 Market segmentation & scope
                   1.2 Information procurement
                       1.2.1 Information analysis
                       1.2.2 Market formulation & data visualization
                       1.2.3 Data validation & publishing
                   1.3 Research scope and assumptions
                       1.3.1 Assumptions

Chapter 2 Executive Summary
                   2.1 Market outlook
                   2.2 Segment insights
                   2.3 Competitive insights

Chapter 3 U.S. Humate Market Variables, Trends & Scope
                   3.1 Market lineage outlook
                       3.1.1 U.S. agrochemicals outlook
                       3.1.2 U.S. humate outlook
                   3.2 Penetration & growth prospect mapping
                   3.3 Industry value chain analysis
                       3.3.1 Sales channel analysis
                       3.3.2 Price trend analysis, 2014 - 2018
                   3.4 Technology overview
                   3.5 Regulatory framework
                       3.5.1 Product classification codes
                       3.5.2 Standard & compliances
                       3.5.3 Safety
                   3.6 Market dynamics
                       3.6.1 Market driver analysis
                           3.6.1.1 Rising demand for organic farming
                           3.6.1.2 Regulations on usage of synthetic agrochemicals
                       3.6.2 Market restraint analysis
                           3.6.2.1 Inconsistency in available organic products
                           3.6.2.2 Climate uncertainities
                       3.6.3 Industry challenges
                           3.6.3.1 Lack of awareness
                       3.6.4 Industry opportunities
                           3.6.4.1 Soil degradation
                   3.7 Industry analysis tools
                       3.7.1 Porter's analysis
                           3.7.1.1 Supplier power
                           3.7.1.2 Buyer power
                           3.7.1.3 Threat of substitutes
                           3.7.1.4 Threat of new entrants
                           3.7.1.5 Competitive rivalry
                       3.7.2 PESTEL analysis

Chapter 4 U.S. Humate Market: Application Estimates & Trend Analysis
                   4.1 Definitions
                   4.2 Application movement analysis & market share, 2018 & 2025
                   4.3 Market size & forecasts and trend analysis, 2014 to 2025
                       4.3.1 Agriculture
                           4.3.1.1 Market estimates & forecasts in agriculture, 2014 - 2025 (Kilotons) (USD Million)
                       4.3.2 Ecological bioremediation
                           4.3.2.1 Market estimates & forecasts in ecological bioremediation, 2014 - 2025 (Kilotons) (USD Million)
                       4.3.3 Horticulture
                           4.3.3.1 Market estimates & forecasts in horticulture, 2014 - 2025 (Kilotons) (USD Million)
                       4.3.4 Dietary supplements
                           4.3.4.1 Market estimates & forecasts in dietary supplements, 2014 - 2025 (Kilotons) (USD Million)
                       4.3.5 Other applications
                           4.3.5.1 Market estimates & forecasts in other applications, 2014 - 2025 (Kilotons) (USD Million)

Chapter 5 U.S. Humate Market: Distribution Channel Estimates & Trend Analysis
                   5.1 Definitions
                   5.2 Distribution channel movement analysis & market share, 2018 & 2025
                   5.3 Market size & forecasts and trend analysis, 2014 To 2025
                       5.3.1 Stores (Small format & large format)
                           5.3.1.1 Market estimates & forecasts, by stores, 2014 - 2025 (Kilotons) (USD Million)
                       5.3.2 Online retail
                           5.3.1.1 Market estimates & forecasts, by online retail, 2014 - 2025 (Kilotons) (USD Million)
                       5.3.3 Company owned stores
                           5.3.1.1 Market estimates & forecasts, by company owned stores, 2014 - 2025 (Kilotons) (USD Million)
                       5.3.4 Other
                           5.3.1.1 Market estimates & forecasts, by other distribution channels, 2014 - 2025 (Kilotons) (USD Million)

Chapter 6 U.S. Humate Market: Competitive Analysis
                   6.1 Recent developments by key market participants
                   6.2 Key company categorization
                   6.3 Vendor landscape
                       6.3.1 List of distributors & channel partners
                       6.3.2 Key customer groups
                       6.3.3 Key company market share analysis, 2018
                   6.4 Product analysis
                       6.4.1 List of existing brands
                       6.4.2 Consumer buying behavior analysis

Chapter 7 Company Profiles
                   7.1 Cosmocel
                       7.1.1 Company introduction
                       7.1.2 Financial information
                       7.1.3 Product benchmarking
                   7.2 Jiangxi Pingxiang Anhua Biotechnology Co., Ltd.
                       7.2.1 Company introduction
                       7.2.2 Product benchmarking
                   7.3 Humic Growth Solutions
                       7.3.1 Company introduction
                       7.3.2 Financial information
                       7.3.3 Product benchmarking
                       7.3.4 Strategic initiatives
                   7.4 Cifo SRL
                       7.4.1 Company introduction
                       7.4.2 Financial information
                       7.4.3 Product benchmarking
                       7.4.4 Strategic initiatives
                   7.5 Aglukon
                       7.5.1 Company introduction
                       7.5.2 Financial information
                       7.5.3 Product benchmarking
                       7.5.4 Strategic initiatives
                   7.6 Humintech Gmbh
                       7.6.1 Company introduction
                       7.6.2 Financial information
                       7.6.3 Product benchmarking
                       7.6.4 Strategic initiatives
                   7.7 Italpollina Usa, Inc.
                       7.7.1 Company introduction
                       7.7.2 Financial information
                       7.7.3 Product benchmarking
                   7.8 Humintrade SRL
                       7.8.1 Company introduction
                       7.8.2 Financial information
                       7.8.3 Product benchmarking
                   7.9 Actagro LLC
                       7.9.1 Company introduction
                       7.9.2 Financial information
                       7.9.3 Product benchmarking
                   7.10 Black Earth Humic LP
                       7.10.1 Company introduction
                       7.10.2 Financial information
                       7.10.3 Product benchmarking
                   7.11 Faust Bio-Agricultural Services (BioAg)
                       7.11.1 Company introduction
                       7.11.2 Product benchmarking
                   7.12 The Andersons Inc.
                       7.12.1 Company introduction
                       7.12.2 Financial information
                       7.12.3 Product benchmarking
                       7.12.4 Strategic initiatives

List of Tables

Table 1 Regulatory policy landscape
Table 2 PESTEL analysis
Table 3 U.S. humate market volume & revenue in agriculture, 2014 - 2025 (Kilotons) (USD Million)
Table 4 U.S. humate market volume in agriculture, by application, 2014 - 2025 (Kilotons)
Table 5 U.S. humate market revenue in agriculture, by application, 2014 - 2025 (USD Million)
Table 6 U.S. humate market volume & revenue in ecological bioremediation, 2014 - 2025 (Kilotons) (USD Million)
Table 7 U.S. humate market volume & revenue in horticulture, 2014 - 2025 (Kilotons) (USD Million)
Table 8 U.S. humate market volume & revenue in dietary supplements, 2014 - 2025 (Kilotons) (USD Million)
Table 9 U.S. humate market volume in dietary supplements, by application, 2014 - 2025 (Kilotons)
Table 10 U.S. humate market revenue in dietary supplements, by application, 2014 - 2025 (USD Million)
Table 11 U.S. humate market volume & revenue in other applications, 2014 - 2025 (Kilotons) (USD Million)
Table 12 U.S. humate market volume & revenue through stores distribution channel, 2014 - 2025 (Kilotons) (USD Million)
Table 13 U.S. humate market volume & revenue through online retail, 2014 - 2025 (Kilotons) (USD Million)
Table 14 U.S. humate market volume & revenue through company owned stores, 2014 - 2025 (Kilotons) (USD Million)
Table 15 U.S. humate market volume & revenue in other sales channel, 2014 - 2025 (Kilotons) (USD Million)
Table 16 Company categorization
Table 17 Vendor Landscape

List of Figures

Fig. 1 U.S. humate market segmentation
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market formulation and validation
Fig. 5 Data validating & publishing
Fig. 6 Market outlook
Fig. 7 U.S. humate market estimates and forecasts, 2014 -2025 (Kilotons) (USD Million)
Fig. 8 U.S. humate market value chain
Fig. 9 U.S. humate price trend analysis, 2014 - 2018 (USD/kg)
Fig. 10 Humate manufacturing process flowchart
Fig. 11 Market dynamics
Fig. 12 Market driver analysis
Fig. 13 U.S. organic food, imports and exports (USD Thousands)
Fig. 14 Market restraint analysis
Fig. 15 Porter's analysis
Fig. 16 U.S. humate market volume, by application, 2018 & 2025 (Kilotons)
Fig. 17 U.S. humate market revenue, by distribution channel, 2018 & 2025 (USD Million)
Fig. 18 Company market share analysis, 2018 (%)