What are the Historical Developments and Current Growth Metrics of the Hominy Feed Market?
The hominy feed market has seen considerable growth due to a variety of factors.
• The hominy feed market has experienced strong growth in recent years. It will rise from $4.49 billion in 2024 to $4.85 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.1%.
Growth during the historical period is attributed to advances in milling technology, increased agricultural productivity, the expansion of livestock farming, higher animal protein demand, and progress in animal nutrition science.
What is the Forecasted Market Size and CAGR for the Hominy Feed Market?
The hominy feed market is expected to maintain its strong growth trajectory in upcoming years.
• The hominy feed market is expected to reach $6.52 billion by 2029, growing at a CAGR of 7.7%.
Growth is driven by corn prices, livestock feed demand, weather conditions, ethanol production, and transportation costs. Trends include rising livestock populations, awareness of nutritional benefits, biofuel industry expansion, feed processing advancements, sustainable farming focus, and adoption in emerging economies.
What Key Factors and Trends Are Driving The Growth Hominy Feed Market?
The increasing corn production is expected to drive the hominy feed market. The rise in corn production is influenced by factors like advanced seed technology, favorable weather, better fertilizer use, and expanded agricultural land. Hominy feed plays a crucial role in boosting corn production by providing a valuable feed source for livestock, which stimulates corn demand, leading to expanded cultivation. For example, in August 2023, Corteva Inc. reported that the 2023 national maize crop was expected to cover approximately 250,000 hectares, an increase of 20,000 hectares from the previous year. As a result, growing corn production is driving the hominy feed market.
What Are The Market Segments In 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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How Are New Trends Impacting The Size Of The Hominy Feed Market?
Key players in the hominy feed market are strategically partnering with each other to benefit from their respective strengths, expand their market presence and enhance their product portfolio. These strategic partnerships are collaborations where the companies utilize each other's strengths and resources to achieve shared success and advantages. In September 2022, CovationBio, a bio-tech firm in the U.S., and Primient Covation LLC, another U.S.-based firm, formed a partnership with Truterra LLC, a company renowned for developing sustainable agricultural solutions. This was done to ensure the corns used in the products of CovationBio and Primient Covation adhered to the top-most sustainability standards. Being a part of Truterra allows CovationBio and Primient Covation to advocate for sustainable and regenerative agriculture methods among U.S. Midwestern corn farmers, covering an area that amounts to 100% of the agricultural footprint of the corn employed in their products. These include Susterra PDO, Zemea PDO, and Sorona polymer, which find their use in personal care products, food flavors, outdoor clothing, fabrics, and several other areas.
Who Are the Key Players In 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
What Are The Regional Insights Into The Hominy Feed Market?
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.
