Market Overview:
The global magnesium humate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for magnesium humate from various applications such as crop planting, gardening, and others. Additionally, the growing awareness about the benefits of magnesium humate is also contributing to the growth of this market.
Product Definition:
A magnesium humate is a type of humic acid that contains magnesium. It is often used as a soil amendment to improve the fertility and water retention of soils.
Purity 10%:
Purity 10% is a highly purified form of Humic Acid. It has been used in numerous applications such as soil amendment, plant growth regulators, and nutrient supplements for animal feed. The product also finds application in the food & beverage industry as an antioxidant and flavor enhancer. Increasing demand from end-use industries such as agriculture, pharmaceuticals & dietary supplements is expected to drive market growth over the forecast period.
Purity 50%:
Purity 50% is a highly purified form of Humic Acid. It has been used in numerous applications such as soil amendment, plant growth regulators, and to enhance the nutrient absorption capacity of the soil. Magnesium humate is one such application where it is used as an additive for increasing magnesium content in plants.
Humic acid contains many important organic compounds including fulvic acid which helps in balancing pH levels.
Application Insights:
The others application segment includes animal feed, water treatment, and others. Magnesium humate is widely used in the gardening industry as a soil conditioner and fertilizer. The product improves the health of plants by increasing their magnesium intake. It also helps improve soil quality by improving its texture and structure. In addition, it has high demand as a fertilizer for agricultural crops owing to its ability to stimulate plant growth without adding nitrogen or potassium into the soil.
Magnesium humate is majorly used in crop planting applications due to its ability to increase yield and nutritional value of crops such as sugarcane, corn, soybean & cottonseed etc.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of 6.8% over the forecast period, owing to rising magnesium content in soil and increasing awareness among farmers about its benefits. In North America, crop-based farming is gaining popularity due to which there has been a significant rise in demand for gardening products such as mulch and soil amendments that are rich in magnesium content.
Asia Pacific accounted for 24% of the total revenue share in 2017 on account of high production as well as consumption rates of magnesium humate across countries such as China, India, Japan and Australia. Rising urbanization along with growing population has resulted into increased demand from construction sector which will further boost industry growth over the next eight years.
Growth Factors:
- Increasing demand for organic fertilizers in agriculture sector
- Rising awareness about the benefits of magnesium humate among farmers
- Growing popularity of humic acid-based fertilizers among growers
- Proliferation of organic farming practices around the world
- Technological advancements in magnesium humate production
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnesium Humate Market Research Report
By Type
Purity 10%, Purity 50%, Others
By Application
Crop Planting, Gardening, Others
By Companies
Denka, Newnutri, SoilBiotics, Jiangxi Pingxiang Anhua Biotechnology, Omnia, Denka
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global Magnesium Humate Market Report Segments:
The global Magnesium Humate market is segmented on the basis of:
Types
Purity 10%, Purity 50%, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Crop Planting, Gardening, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Denka
- Newnutri
- SoilBiotics
- Jiangxi Pingxiang Anhua Biotechnology
- Omnia
- Denka
Highlights of The Magnesium Humate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Purity 10%
- Purity 50%
- Others
- By Application:
- Crop Planting
- Gardening
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Magnesium Humate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Magnesium humate is a natural mineral that is found in the earth's crust. It has been used as a dietary supplement for centuries to help improve overall health and well-being. Magnesium humate can be found in supplements, food products, and beauty products.
Some of the major companies in the magnesium humate market are Denka, Newnutri, SoilBiotics, Jiangxi Pingxiang Anhua Biotechnology, Omnia, Denka.
The magnesium humate market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Magnesium Humate Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Magnesium Humate Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Magnesium Humate Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Magnesium Humate Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Magnesium Humate Market Size & Forecast, 2018-2028 4.5.1 Magnesium Humate Market Size and Y-o-Y Growth 4.5.2 Magnesium Humate Market Absolute $ Opportunity
Chapter 5 Global Magnesium Humate Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Magnesium Humate Market Size Forecast by Type
5.2.1 Purity 10%
5.2.2 Purity 50%
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Magnesium Humate Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Magnesium Humate Market Size Forecast by Applications
6.2.1 Crop Planting
6.2.2 Gardening
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Magnesium Humate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Magnesium Humate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Magnesium Humate Analysis and Forecast
9.1 Introduction
9.2 North America Magnesium Humate Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Magnesium Humate Market Size Forecast by Type
9.6.1 Purity 10%
9.6.2 Purity 50%
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Magnesium Humate Market Size Forecast by Applications
9.10.1 Crop Planting
9.10.2 Gardening
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Magnesium Humate Analysis and Forecast
10.1 Introduction
10.2 Europe Magnesium Humate Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Magnesium Humate Market Size Forecast by Type
10.6.1 Purity 10%
10.6.2 Purity 50%
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Magnesium Humate Market Size Forecast by Applications
10.10.1 Crop Planting
10.10.2 Gardening
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Magnesium Humate Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Magnesium Humate Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Magnesium Humate Market Size Forecast by Type
11.6.1 Purity 10%
11.6.2 Purity 50%
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Magnesium Humate Market Size Forecast by Applications
11.10.1 Crop Planting
11.10.2 Gardening
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Magnesium Humate Analysis and Forecast
12.1 Introduction
12.2 Latin America Magnesium Humate Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Magnesium Humate Market Size Forecast by Type
12.6.1 Purity 10%
12.6.2 Purity 50%
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Magnesium Humate Market Size Forecast by Applications
12.10.1 Crop Planting
12.10.2 Gardening
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Magnesium Humate Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Magnesium Humate Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Magnesium Humate Market Size Forecast by Type
13.6.1 Purity 10%
13.6.2 Purity 50%
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Magnesium Humate Market Size Forecast by Applications
13.10.1 Crop Planting
13.10.2 Gardening
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Magnesium Humate Market: Competitive Dashboard
14.2 Global Magnesium Humate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Denka
14.3.2 Newnutri
14.3.3 SoilBiotics
14.3.4 Jiangxi Pingxiang Anhua Biotechnology
14.3.5 Omnia
14.3.6 Denka