Global Hominy Feed Market
Food And Beverages

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What Drivers Are Shaping the Growth and Development of theHominy Feed Market?

The growth of the hominy feed market is anticipated to be propelled by rising corn production. Multiple factors cause the augmentation of corn production, such as the enhancement of seed technology, suitable weather conditions, escalated usage of fertilizers and pesticides, developments in farming equipment, and enlarged farming spaces. By giving a beneficial feeding option for farm animals, hominy feed adds to the growth of corn production which then triggers corn demand, leading to extended agriculture and elevated yields. For example, Corteva Inc., an agricultural firm located in the US, projected that in August 2023, the national maize crop will roughly encompass 250,000 hectares, showing a growth of 20,000 hectares from the previous year. Hence, the surge in corn production is promoting the expansion of the hominy feed market.

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#What Long-Term Growth Rate is Expected for theHominy Feed Market Between 2025 and 2034?

The market volume for hominy feed has experienced considerable growth over the past few years. It is projected to increase from $4.49 billion in 2024 to $4.85 billion in 2025, registering a compound annual growth rate (CAGR) of 8.1%. The robust growth during the historical period can be credited to improvements in milling technology, enhancements in agricultural outputs, growth in livestock farming, increased demand for animal protein, and forward strides in animal nutrition studies.

The market size of hominy feed is predicted to witness a robust increase in the following years. The growth is expected to reach a valuation of $6.52 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.7%. Factors inducing growth for this period include corn prices, the demand for livestock feed, environmental factors, the levels of ethanol production, and the costs of transportation. Major trends within this forecast period encompass an increase in livestock numbers, heightened consciousness of its nutritional advantages, the expansion of the biofuel industry, advances in feed processing technologies, intensified emphasis on sustainable and organic farming practices, and heightened adoption in developing economies.

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Which Cutting-Edge Market Trends Are Expected to Drive theHominy Feed Market’s Growth?

Prominent businesses in the hominy feed market are capitalizing on strategic partnerships to utilize each other’s advantages, extend their market presence, reinforce their product range. This collaborative strategy involves enterprises harnessing each other’s competencies and resources for mutual benefit and growth. In September 2022, an alliance was formed between CovationBio, a biotech firm based in the US, and Primient Covation LLC, another US company, and Truterra LLC, a firm specializing in creating sustainable agriculture solutions. This partnership aims to certify that the corn used in CovationBio’s and Primient Covation’s products align with the most stringent sustainability principles. By being part of Truterra, CovationBio, and Primient Covation aim to assist U.S. Midwestern corn farmers in adopting sustainable and regenerative agriculture practices over an area congruent to 100% of the agricultural footprint of the corn used in their items, including Susterra PDO, Zemea PDO, and Sorona polymer. These corn-derived products find applications in a variety of sectors such as personal care, food flavors, outdoor clothing, fabrics, and more.

What Are the Leading Market Players Impacting theHominy Feed Market’s Growth Trend?

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

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How Are the Key Segments of the Hominy Feed Market Driving Opportunities and Innovations?

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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What Regions Are At the Forefront of #What Drivers Are Shaping the Growth and Development of theHominy Feed Market?# Market Expansion?

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.

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