Press release
Rising Corn Production Stimulates Growth in the Hominy Feed Market: A Key Factor Shaping the Future of the Hominy Feed Market in 2025
Hominy Feed
The hominy feed market is set to expand due to rising corn production. Corn production is increasing due to advancements in seed technology, favorable weather, and better agricultural practices. Hominy feed helps support higher corn production by serving as an important feed for livestock, thus increasing demand for corn. For example, in 2023, the U.S. maize crop grew by 20,000 hectares compared to the previous year. The surge in corn production is driving the hominy feed market.
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What growth opportunities are expected to drive the hominy feed market's CAGR through 2034?
The hominy feed market has grown steadily, forecasted to rise from $4.49 billion in 2024 to $4.85 billion in 2025 at a CAGR of 8.1%. Growth drivers include advancements in milling technology, increased agricultural productivity, livestock farming expansion, rising demand for animal protein, and developments in animal nutrition science.
The Hominy Feed Market is forecasted to grow to $6.52 billion by 2029, at a CAGR of 7.7%. Growth will be influenced by corn prices, demand for livestock feed, and the expanding biofuel industry. Key trends include sustainable farming, feed processing advancements, and increased adoption in emerging markets.
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What are the emerging trends shaping the future of the hominy feed market?
In the hominy feed market, companies are forming strategic partnerships to leverage their respective strengths, extend their market reach, and enhance product offerings. For instance, in September 2022, CovationBio, a US-based biotech firm, and Primient Covation LLC partnered with Truterra LLC, a company specializing in sustainable agriculture. This collaboration ensures that the corn used in CovationBio's and Primient Covation's products adheres to sustainable farming practices, benefiting U.S. Midwestern corn growers and supporting eco-friendly initiatives in the production of items like Susterra PDO and Sorona polymer.
Which growth-oriented segments of the hominy feed market are leading the industry's development?
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 leading the charge in 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.
What companies are at the forefront of innovation 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
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What Is Covered In The Hominy Feed Global Market Report?
•Market Size Forecast: Examine the hominy feed market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the hominy feed market for a structured understanding.
•Key Players Overview: Analyze major players in the hominy feed market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the hominy feed market.
•Segment Contributions: Evaluate how different segments drive overall growth in the hominy feed market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the hominy feed market.
•Industry Challenges: Identify potential risks and obstacles affecting the hominy feed market.
•Competitive Landscape: Review strategic developments in the hominy feed market, including expansions, agreements, and new product launches.
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