Hominy Feed Market: Global Industry Analysis and Forecast (2023-2029)

Global Hominy Feed Market size is expected to reach nearly US$ 2263 Mn by 2029 with the CAGR of 6.4% during the forecast period.

The global Hominy Feed market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Hominy Feed market report also provides trends by market segments, technology, and investment with a competitive landscape.

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Global Hominy Feeds Market Overview
The market for hominy feed is expected to grow with the highest CAGR in the forecast period due to its increased usage. Hominy feed is a mixture of unextracted starchy parts of kernel and corn bran germs. It is of high energy and is used for feeding in poultry and livestock replacing corn. It is made by going through the various mechanical process of grinding, sifting, and separating to have the required amount of fat, protein, and other nutrients. Hominy is a grain and is considered a superior version of corn and is low in fat, as per nutrition it's the same as corn.

However, hominy and corn or maze are the same but it requires a special process for hominy to be defined as hominy and to get its meaty texture which is the same as bean and is need to get nixtamalized. As per the historical data production of hominy is dated back to 1500 BC. Hominy feed contains 56.9% starch, 29% NDF, 11% of CP, and 5.3% of fats which is an effective ingredient for dairy and especially cattle feeding.
Global Hominy Feeds Market Dynamics
An increase in the usage of hominy feed as livestock feed due to its high content of fat and protein is anticipated to drive market growth. According to the studies, hominy feed yields high energy in cattle upon consumption because of its unprocessed way and less exposure to heat, it consists of high protein level as compared to other meals and is traded worldwide as a major commodity, due to which its demand will increase in the forecast period which is expected to boost the overall market growth. Nutrients present in hominy feed helps cattle to get high energy and minerals. Allowing them to thrive and produce more dense and high-quality milk.

An increase in the usage of hominy feed-in bakery goods has also grown the market in recent years, as it provides long shelf life to the food products such as bread though it reduces their overall volume. Whereas the usage of hominy feed is high for ethanol production, due to the content of a high amount of starch. Which can be fermented to obtain ethanol. Ethanol is used in various end-use applications such as food and beverages, Chemical industries, and others because of which the hominy feed market is noting growth rates.

However, certain side effects and disadvantages of hominy feed such as it is high in Lye. Which is poisonous and turns fat into soaps which can dissolve in the skin & scalp and can cause damages if given time. And it anticipated restraining the market from growing in coming years
Segment Analysis:
 

Based on type the hominy feed market is segmented into organic and conventional hominy feed of which the market of organic hominy feed has dominated the market due to its low content of chemicals and free from Gluten, Lye, and sodium. Organic hominy is even used in households and is made by processing maze or cornfield. And is the main ingredient in corn tortillas and grits.

The segment of Conventional hominy feed is also growing due to its increased usage for cooking and eating. kernels are soaked in the solution of alkaline that washes away the germs and causing hominy to puff up and gain the size twice bigger than normal making it "giant corn" the process is called nixtamalization. It makes corn more nutritious and is used in preparing Mexican cuisines such as stews soups, casseroles, and others.

Based on the application the market is segmented into livestock feed, pet food manufacturers, and ethanol production. Of which the segment of livestock feed dominated the market due to increased usage of hominy for feeding animals in poultry and farming sectors. Hominy feed provides high energy and is high in starch and neutrino value which improves the overall growth of cattle and animals and is safe to give in large quantities and can be included with grain as well it contributes to a significant amount of calcium, iron, riboflavin, and thiamine to the diets which are anticipated to drive the segments market growth. The segment of ethanol production is also growing due to the increased usage of hominy and maize for ethanol and low cost. It is made by fermenting the feedstock containing starch and sugar.
Regional Insights:
North America and Asia-Pacific dominate the majority of the market for hominy feeds, because of the high demand for healthy and nutritious feedstock for animals and poultry for more healthy development. As Asia pacific, has the highest number of people consuming milk and its by-products such as yogurt, butter, etc. The demand for quality and more dense milk has increased which requires a healthy cow. China, India, Japan are the major countries for regional market growth. The market in North America is anticipated to register the highest growth in coming years because of the high usage of hominy feed for ethanol production due to its competitiveness and low-cost availability.

South America and Europe have also witnessed an upsurge in the market growth in the region due to the presence of key market players and high investments in research & development activities. The growing awareness among consumers about high-quality animal feeds such as hominy has further grown the market in the region and is anticipated to grow due to an increase in per capita income. Germany, Italy, and France are the major countries contributing to Europe's market growth. Whereas, South America is expected to register the fastest growth in the market due to the high use of hominy feed in poultry, farm cattle feeding, and household segments.

The Middle East and Africa are expected to register slow growth rates in the market due to less awareness about hominy feed and its nutritious value among consumers. The Middle East nations are the major importers of animal feed in the region however start in the shift of key players is anticipated to drive the market growth of the region in the forecast period.

The objective of the report is to present a comprehensive analysis of the Global Hominy Feed market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Hominy Feeds Market dynamics, structure by analyzing the market segments and project the Global Hominy Feeds Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Hominy Feeds Market make the report investor’s guide.
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Hominy Feed Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 1466 Mn.


Forecast Period 2023 to 2029 CAGR:
6.4%
Market Size in 2029:
US $ 2263 Mn.


 Segments Covered:
by Type
Organic Hominy Feed
Conventional Hominy Feed


by Application
Livestock / Animal Feed
Pet Food Manufactures
Ethanol Production
Others


by Distribution Channel
Direct
Indirect



Global Hominy Feeds Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
South America (Brazil, Argetina and Rest of South America)
Global Hominy Feeds Market Key Players
1. Semo Milling
2. LLC
3. PV Sons Corn Milling Co. Pvt. Ltd
4. Granam American Grain Company
5. Bunge North America inc
6. LaBuddhe Group Inc
7. Commodity Specialists Company
8. Sharifa Agrotech and Food Processing Pvt. Ltd.
9. Dexterous Products Pvt. Ltd.
10. Cargill, Incorporated.
11. Land O'Lakes, Inc.
12. Wen's Food Group.
13. Muyuan Foodstuff Co. Ltd.
14. BRF S.A.
15. Tyson Foods Inc
Frequently Asked Questions:
1. Which region has the largest share in Global Hominy Feed Market?
Ans: North America and Asia-Pacific region held the highest share in 2022.

2. What is the growth rate of Global Hominy Feed Market?
Ans: The Global Hominy Feed Market is growing at a CAGR of 6.4 % during forecasting period 2023-2029.

3. What is scope of the Global Hominy Feed Market report?
Ans: Global Hominy Feed Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. What was the Global Hominy Feed Market size in 2022?
Ans: The Global Hominy Feed market was valued at US$ 1466 Mn. In 2022.

5. What is the study period of this Market?
Ans: The Global Hominy Feed Market is studied from 2022 to 2029.