Global Hominy Feed Market Is Exhibiting A CAGR Of 6.7% during the Forecast Period.
Hominy Feed market Size, Share & Trends Estimation Report By Type Outlook (Organic Hominy Feed, Conventional Hominy Feed), By Application Outlook (Livestock, Pet Food Manufacturers, Ethanol Production), By distribution Channel Outlook (Direct, Indirect, Dairy farms, Specialty stores, Online retailers), Region and Forecasts, 2022 - 2030
Region : Global | Format : 
| Report ID : 231008 | No. of Pages : 138
| Report ID : 231008 | No. of Pages : 138
Market Overview
Global Hominy Feed Market is expected to register USD 13.8 billion in 2022 and projected to reach USD 23.18 billion by 2030 growing at a CAGR of 6.7 % during the forecast period 2022 to 2030.
Hominy feed is a main ingredient in the feed for dairy and beef cattle. Hominy feed is mostly used to feed ruminants because it has a lot of protein and fat. Hominy feed is made when dry maize is milled, and about one-third of the volume of the corn used to make it is hominy feed. Even though it is made from corn seeds, it is more nutritious than maize and is now used to feed animals instead of maize. Also, the business that makes ethanol from corn is growing quickly around the world, especially in the United States. Due to the high amount of starch in hominy feed, it could be used to make ethanol. In the next 4–5 years, people will need more primate feed to make ethanol.Hominy feed has taken the place of corn as a food for animals because it has more nutrients than corn. Dairy rations haven't been able to produce as much milk as they could because they don't have enough energy. It is important for cows that are nursing to get the right amount of energy in their food. Hominy feed is made from corn seeds, but it is healthier than maize because it has more nutrients. There is a lot of starch in it. This means that the high amount of fat and protein in home-cooked feed adds to the high amount of energy added to the diet.
Market Dynamics
Trends: Demand for sustainable feed is going up, and people are eating more animal protein to help them growPeople all over the world are very worried about the feed supply chain because the effects of different feed ingredients can be very different and depend a lot on where they come from and how they are made. Also, the effects of the livestock industry on the environment are becoming more important, so lawmakers and retailers are starting to pay more attention to this industry. So, farmers and feed manufacturers also try to keep feed costs as low as possible while lowering the environmental impact of both the feed and the final protein
Also, the rise of high-protein diets is making more people around the world want animal protein. The growing need for animal proteins shows that feed will also become more important in the years to come. Also, feed is an important part of animal care for long-term growth. So, if the production of animal protein went up, so would the production of feed to keep animal production going in a healthy way.
Drivers: Growth will be boosted by a rise in the number of animals and the demand for animal products
Large-scale livestock farming helps meet the rising demand for animal products. Aside from making food, farm animals have important economic and social roles to play. There are still a lot of small farmers around the world who count on livestock to make a living. The Food and Agricultural Organization (FAO) says that the livestock industry is responsible for almost 40% of the total agricultural output in developed countries and 20% in developing countries. This helps 1.3 billion people around the world make a living. Also, 34% of the world's protein source comes from the livestock industry.
Animal goods are in higher demand because people are making more money, eating different foods, and having more children. In the past few years, the share of animal goods like meat, eggs, and milk has also gone up. From 2022 to 2030, the average amount of meat eaten per person around the world was 34 kg, but in North America it was 97 kg. The least amount of meat is eaten in Africa and the Asia-Pacific area, where each person eats 27 kg and 13 kg, respectively. In 2022, people in the United States drank 64 kg of milk, while people in Australia and New Zealand drank 99 kg and 109 kg, respectively.
Focus on animal health and nutrition will drive growth
Livestock farmers in both emerging and developed countries are very interested in improving the health of farm animals. This is because healthy animals help get rid of hunger, keep food production going, and keep people healthy. Aside from being a source of food, animal goods are a way for many small farmers and animal owners in developing countries to make money.
Also, the quality and safety of animal feed are important parts of meeting the demand in the United States for safe, high-quality foods that come from animals. Animal nutrition is an important part of the livestock business and a big part of producing livestock in a way that uses nutrients efficiently. It also helps make sure that animal goods that people eat are safe and healthy by improving the health and welfare of farm animals. Animal nutrition science also helps to cut down on greenhouse gas emissions and land use that come from raising animals. For example, per liter of milk or kg of meat and eggs, for example, this can be done.
Restraints: Changes in the prices of raw materials and strict government rules slow market growth
Rising raw material prices around the world and strict government rules in developed countries have a big effect on the growth of the combination feed market. How much and what kind of raw material is used to make animal feed varies a lot on how nutritious it is and how much it costs. Changes in the weather have a big effect on how much corn, soybeans, and other plant-based raw materials are made, how nutritious they are, and how much they cost. Prices of animal waste meals also change when there are changes in how many animals are made or how many animal products are used.
The prices of raw materials went up a lot in 2020, according to Adisseo's study on "how to deal with the cost of raw materials." For example, the price of grains went up by 10%, but the price of protein meals went up by 20%, and the price of soybean oil went up by about 8% to 10%.
Common rules about animal feed include feed hygiene, feed composition, feed safety measures, ingredients made from GM crops, imports and exports, and government controls on these things. So, if a feed maker doesn't meet this requirement, the feed isn't allowed to be sold and used in the area in question. For example, European rules say that feed should have at least three raw elements.
Opportunities: There was study done on how to get corn oil out of hominy feed. The effect was compared to what happened when oil was taken from corn. The results show that making corn oil from hominy seed has potential, but more work needs to be done to improve the oil yield. Also, tests on the nutritional value of hominy feed show that its protein value is much higher than that of regular cornmeal because it is not processed as much and doesn't get as hot. The hominy feed parts—bran, degerminator fines, and germ are all good sources of protein and can be fed to animals that don't have rumen. One more study has shown that adding hominy feed to baked goods like bread makes them smaller, but it also makes them last longer.Work on using hominy feed in the diets of animals that don't have rumen has been going on for a long time. This is because hominy is unprocessed and gives people a better way to get a lot of nutrition.
Major Market Segments Covered
On the basis of Type
Organic Hominy FeedOrganic hominy feed has taken over the market because it has few chemicals and doesn't have gluten, lye, or salt. Even at home, people use organic hominy, which is made by preparing a maze or cornfield. corn is the main ingredient in corn pancakes and grits.
Conventional Hominy Feed
Conventional hominy feed is also growing because more people are cooking with and eating it. Kernels are soaked in an alkaline solution that kills the germs and makes the hominy puff up and grow twice as big as usual. This process is called "nixtamalization," and it turns hominy into "giant corn." It makes corn healthier and is used to make stews, soups, casseroles, and other Mexican dishes.
On the basis of Application
Livestock
The livestock feed group led the market because more animals in the poultry and farming industries were fed hominy.
Pet Food Manufacturers
Hominy feed delivers high energy and is high in starch and neutrino value which boosts the overall development of cattle and animals and is safe to give in large quantities and can be included with grain as well it contributes to an essential amount of calcium, iron, riboflavin, and thiamine to the diets which are anticipated to drive the segments market growth.
Ethanol Production
The production of ethanol is also growing because it is cheap and more hominy and corn are being used to make it. It is made by fermenting the starch and sugar in the source.
On the basis of distribution channel
Direct
Direct distribution is a method in which the person who makes or makes the product sends it straight to the consumer. Companies rarely use wholesalers or other types of distributors when using this type of marketing because they usually process and sell the goods themselves.
Indirect
Indirect distribution is when you sell your goods in bulk to agents or retailers so that they can sell it for you. They store it, put it on show, and hire salespeople to give it to customers.
Dairy farms
There are many places in the world where dairy farming takes place. Hominy feeds are tasty food for animals that are made from corn.It is safe to feed in big amounts and can make up a large part of the grain mix. When our product is used to feed the cows, more milk is made.
Specialty stores
When you sell to independent specialty stores, you have to make sure you have the goods that their customers want. Independent specialty shops want a well-known product that will sell quickly. Getting in touch with independent specialty stores in your area is a good way to find out what goods sell well there.
Online retailers
The Internet gives retailers the chance to offer new services that could raise sales, grow their market share, and bring in new customers. In this case, one of the toughest questions for stores is how to set up the logistic fulfillment processes during and after the transaction.
Regional insights
Geographically, the Hominy Feed market has been analyzed in various regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA).
Most of the hominy feed market is in North America and Asia-Pacific. This is because there is a high demand for healthy and nutritious feedstock for animals and birds to help them grow in a healthier way. Most people who eat milk and milk foods like yogurt and butter live in Asia and the Pacific. The number of people who want good milk from healthy cows has gone up. China, India, and Japan are the biggest markets in the area. In the next few years, the North American market is projected to grow the most. South America and Europe have also seen their markets grow quickly. This is because there are big market players in these places and they invest a lot in research and development. The area market is growing because people are becoming more aware of high-quality animal feeds like hominy. The market is also expected to grow because the average income per person is going up. Most of the growth of the European market comes from Germany, Italy, and France.
The Middle East and Africa are likely to have slow growth rates in the market because consumers there don't know much about hominy feed and how healthy it is. The countries in the Middle East buy the most animal feed in the region. However, the start of the shift of key players is expected to drive the growth of the market in the region over the next few years.
Scope Of Report
| Report Attribute | Details |
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Estimated year | 2023 |
| Forecast period | 2023-2030 |
| Historic Period | 2017-2022 |
| Units | Value (USD Billion) |
| Growth Rate | CAGR of 6.7% from 2023 to 2030 |
| By Type |
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| By Application |
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| By distribution channel |
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| By Companies |
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| Regional Scope |
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| Reasons to Purchase this Report and Customization Scope |
6-month post-sale analyst assistance. 10% Free Customization and 15 Company Profiles in addition to the ones specified |
Key Vendors
- Semo Milling, LLC,
- PV Sons Corn Milling Co. Pvt. Ltd
- Granam American Grain Company
- Bunge North America, Inc.
- LaBuddhe Group, Inc.
- Commodity Specialists Company
- Sharifa Agrotech and Food Processing Pvt. Ltd.
- Dexterous Products Pvt. Ltd. and others.
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Semo Milling, LLC
Since the company opened in 2007, SEMO Milling has been dedicated to giving food and drink companies in the U.S. and around the world the highest quality dry corn ingredients. Flaking grits, brewers grits, snack meal, corn meal, corn cones, corn flour, corn bran, and whole grain corn goods are all things they sell. They can also mill custom granulations to fit the customers needs, and they have choices for private label packaging.
They think that their team members' dedication to excellence is a big reason why their goods are so good. SEMO Milling is committed to giving back to the community and making sure that our workers have a positive and safe place to work, good pay, and a full set of benefits.
- PV Sons Corn Milling Co. Pvt. Ltd
PV Sons Corn Milling is a family-owned business that has been around since 2006. They have been milling corn for more than 15 years. PV Sons is one of the biggest market leaders in India when it comes to processing corn, and its plant in Ranjangaon, on the outskirts of Pune in Western India, has the most modern fully integrated European technology.
Today, this unit prepares corn and sends it to industries like breakfast cereal, snack foods, breweries, and hominy feed that are growing quickly. In 2006, we could make 120 metric tons per day. Now, they are happy to say that they can make 240 metric tons per day, which is twice as much.
- Bunge North America, Inc
As the world’s leader in oilseed processing and a leading producer and supplier of specialty plant-based oils and fats, they value their partnerships with farmers to improve the productivity and environmental efficiency of agriculture across their value chains and to bring quality products from where they’re grown to where they’re consumed.
- LaBuddhe Group, Inc.
LaBudde Group is a trading company whose main business is moving real goods. In addition to trading ingredients, they have their own factories in which they make and bag their own ingredients. They also import and export, offer unique blends, broker freight, and do a lot more in North America and around the world. They are an enterprising trading company that wants to grow in both established and new areas.
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Sharifa Agrotech and Food Processing Pvt. Ltd.
In Miraj, Maharashtra, India, their company makes goods made from maize, such as maize grits, maize flour, maize flakes, and maize starch. They put in a modern corn mill with the most up-to-date technology. Their mill was created and built by M/s Buhler AG- (Swiss), a well-known global leader in food processing technology. Their unit can process 120 MT per day.
Industry news
Bunge North America, Inc. bought Grupo Minsa's U.S. Corn Milling business in order to make more corn and corn goods like hominy feed, which are in high demand all over the world. They also send their goods to more than 40 countries around the world.
Sharifa Agrotech and Food Processing Pvt. Ltd. has sent hominy feed to Qatar, UAE, Oman, Malaysia, Brunei, Cambodia, and Angola. They are now sending it to Europe and the U.S.
Market Segmentation
The global Hominy Feed Market Research report is categorized based on type, applications and region
On the basis of Type
- Organic Hominy Feed
- Conventional Hominy Feed
On the basis of Application
- Livestock
- Pet Food Manufacturers
- Ethanol Production
On the basis of distribution channel
- Direct
- Indirect
- Dairy farms
- Specialty stores
- Online retailers
Global Hominy Feed Market Regional insights
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Conclusion
The market study gives a detailed look at the market and focuses on important things like the top companies, types of animals, and sources of the product. Aside from this, the study gives information about market trends and highlights the most important changes in the industry. In addition to the things listed above, the study also talks about a number of other important things that have helped the market grow in recent years. The study also helps you understand the dynamics and structure of the Global Hominy Feeds Market by analyzing the market segments and estimating the size of the Global Hominy Feeds Market. The report is an investor's guide because it gives a clear picture of how the key players in the Global Hominy Feeds Market compare in terms of product, price, financial situation, product portfolio, growth strategies, and regional presence. The Hominy Feed Sales Market Research Report keeps a close eye on the top competitors with strategic analysis, micro and macro market trends and scenarios, pricing analysis, and an overall view of the market situation in the forecast period. It is a professional and detailed report that focuses on main and secondary drivers, market share, leading segments, and geographical analysis. The report also looks at key players, important partnerships, mergers and acquisitions, as well as trends in innovation and business policies.
Frequently Asked Questions
Which region had major share in the global Hominy Feed Market?
North America and Asia-Pacific holds the major share in Global Hominy Feed Market
What are the key players in the Hominy Feed Market?
Semo Milling, LLC,u00a0,PV Sons Corn Milling Co. Pvt. Ltd, Granam American Grain Company, Bunge North America, Inc.,LaBuddhe Group, Inc., Commodity Specialists Company, Sharifa Agrotech and Food Processing Pvt. Ltd., Dexterous Products Pvt. Ltd. and others.
