What is the present valuation and projected CAGR of the hominy feed market?
The hominy feed market size has grown strongly in recent years. It will grow from $4.49 billion in 2024 to $4.85 billion in 2025 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to advancements in milling technology, agricultural productivity increases, expansion of livestock farming, rise in animal protein demand, and development of animal nutrition science.
The hominy feed market size is expected to see strong growth in the next few years. It will grow to $6.52 billion in 2029 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to corn prices, livestock feed demand, weather conditions, ethanol production levels, and transportation costs. Major trends in the forecast period include rising livestock populations, growing awareness about its nutritional benefits, expanding biofuel industry, advancements in feed processing technologies, heightened focus on sustainable and organic farming practices, and increased adoption in emerging economies.
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How has the hominy feed market evolved, and what factors have shaped its growth?
The increasing corn production is expected to propel the growth of the hominy feed market going forward. The increased corn production are subject to factors such as improved seed technology, favorable weather conditions, increased use of fertilizers and pesticides, advancements in agricultural machinery, and expanded acreage. Hominy feed contributes to increased corn production by providing a valuable feed option for livestock, which in turn stimulates demand for corn, leading to expanded cultivation and higher yields. For instance, in August 2023, according to Corteva Inc., a US-based agriculture company, the 2023 national maize crop is estimated to cover approximately 250,000 hectares, an increase of 20,000 hectares compared to last year. Therefore, the increasing corn production is driving the growth of the hominy feed market.
What are the major segments of the hominy feed market?
The hominy feed market covered in this report is segmented –
1) By Type: White Hominy, Yellow Hominy
2) By Form: Whole Hominy, Crushed Hominy
3) By Processing Method: Traditional, Modern Or Industrial
4) By End User: Livestock Or Animal Feed, Pet Food Manufactures, Ethanol Production, Other End Users
5) By Distribution Channel: Direct Sales, Indirect Sales
Subsegments:
1) By White Hominy: Dry White Hominy, Wet White Hominy, Coarse White Hominy, Fine White Hominy
2) By Yellow Hominy: Dry Yellow Hominy, Wet Yellow Hominy, Coarse Yellow Hominy, Fine Yellow Hominy
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Which companies dominate the hominy feed market?
Major companies operating in the hominy feed market are Cargill Incorporated, Archer-Daniels-Midland, Bunge Limited, The Scoular Company, Ingredion Incorporated, Land O’Lakes Inc, Tate & Lyle LLC, Alltech Inc, Purina Animal Nutrition LLC, Didion Inc., Semo Milling LLC, LaBuddhe Group Inc., Jyoti Cornex Industries, Godawari Agro Industries, Graham Feed Company, Gramco Inc, Dexterous Private Limited, PV Sons Corn Milling Co. Pvt. Ltd., Trishla Industries, Shreeji Ingredients
How will evolving trends contribute to the growth of the hominy feed market?
Major companies operating in the hominy feed market are adopting strategic partnerships approach to leverage each other’s strengths, expand their market reach, and enhance their product offerings. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. In September 2022, CovationBio, a US-based biotechnology company, and Primient Covation LLC, a US-based company, partnered with Truterra LLC, a US-based company that develops sustainable agriculture solutions to ensure that the corn used in CovationBio’s and Primient Covation’s products meets the highest standards of sustainable practices. By participating in Truterra, CovationBio, and Primient Covation support U.S. Midwestern corn growers in implementing sustainable and regenerative agriculture practices across an area equivalent to 100% of the agricultural footprint of the corn used in their products, including Susterra PDO, Zemea PDO, and Sorona polymer. These corn-based products are utilized in fabrics, personal care items, food flavors, outdoor apparel, and others.
What are the key regional dynamics of the hominy feed market, and which region leads in market share?
North America was the largest region in the hominy feed market in 2024. The regions covered in the hominy feed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Hominy Feed Market Report 2025 Offer?
The hominy feed market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Hominy feed is a byproduct of the corn milling process, composed of corn bran, germ, and starchy parts. It offers high fiber content and moderate protein and fat levels, making it nutritious for livestock. It is primarily used as animal feed, providing a source of carbohydrates, protein, and fiber. Its purpose is to supplement animal diets and support healthy growth and development in livestock.
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