North America Hominy Feed Market Size, Share, and COVID-19 Impact Analysis, By Types of Hominy (White Hominy and Yellow Hominy), By Application (Livestock Feed, Industrial Uses, and Human Consumption), and North America Hominy Feed Market Insights, Industry Trend, Forecasts to 2033

North America Hominy Feed Market Insights Forecasts to 2033

• The North America Hominy Feed Market Size is Growing at a CAGR of 6.19% from 2023 to 2033
• The North America Hominy Feed Market Size is Expected to Hold a Significant Share by 2033

The North America Hominy Feed Market Size is Anticipated to Hold a Significant Share by 2033, growing at a CAGR of 6.19% from 2023 to 2033.

Market Overview

North America hominy feed market is the regional market of North America centered on the production, distribution, and consumption of hominy feed, a by-product of the process of corn milling. Hominy feed, as a by-product of the corn mill process, contains high fiber, fat, and protein content, making it a viable substitute for conventional grains to feed cattle, pigs, and poultry. The abundance of corn in North America, particularly the U.S., guarantees stable hominy feed production. Moreover, manufacturers are embracing by-products such as hominy to minimize feed costs without affecting nutritional value. Hominy feed provides a healthy mix of primary nutrients, proteins, carbohydrates, and vitamins crucial for ensuring healthy growth and development in animals. Moreover, its rich fiber content also facilitates digestion and enhances overall gut health, which results in increased nutrient uptake and fewer cases of digestive diseases among animals. Consequently, the use of hominy feed has grown exponentially as livestock producers become aware of its capability to increase animal productivity and profitability while maintaining animal welfare and sustainability.

Report Coverage

This research report categorizes the market for North America hominy feed market based on various segments and regions and forecasts revenue growth, and analyzes trends in each submarket. The report analyzes the key growth drivers, opportunities, and challenges influencing the North America hominy feed market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyzes their core competencies in each sub-segment of the North America hominy feed market.

Driving Factors

Hominy feed provides an affordable alternative in contrast to classic grains such as corn and soybean meal. Its high content of energy and fiber renders it a cost-efficient feed ingredient as livestock producers meet increasing feed expenses while retaining nutritive value, particularly in vast operations, fueling its demand. Additionally, recent advances in the processing of feeds like pelleting and blending improved the digestibility and delivery of nutrients by hominy feed. These advancements enable customized formulations that enhance animal performance and health, making hominy feed more attractive in contemporary, technology-based livestock production systems further increasing the demand for hominy feed market.

Restraining Factors

Hominy feed is rich in energy but lacks some of the essential amino acids and minerals required for maximum growth in certain livestock species, especially poultry, and pigs. This restricts its use as a single feed and tends to necessitate supplementation with other feeds, which can nullify its cost benefit. Additionally, feed safety and quality standards may differ across North America. Any contamination or improper handling during manufacturing can cause feed safety concerns, which can deter some buyers or restrict exports to countries with more stringent import requirements.

Market Segmentation

The North America hominy feed market share is classified into types of hominy and application.

• The yellow hominy segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

The North America hominy feed market is segmented by types of hominy into white hominy and yellow hominy. Among these, the yellow hominy segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Yellow hominy, a type of corn grown in North America, is more abundant and cost-effective than white hominy, a type of corn used in animal feed manufacturing, making it a preferred choice for poultry and livestock feed due to its nutritional benefits.

• The livestock feed segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the application, the North America hominy feed market is divided into livestock feed, industrial uses, and human consumption. Among these, the livestock feed segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Hominy feed is a cost-effective and nutritious feed for livestock like cattle, poultry, and swine due to its high fiber content, essential proteins, and energy, which supports growth and overall animal health.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the North America hominy feed market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Archer Daniels Midland (ADM)
• Cargill, Incorporated
• Bunge North America
• Land O'Lakes, Inc.
• Purina Animal Nutrition (a division of Nestlé Purina Petcare)
• Diamond V Mills
• Semo Milling, LLC
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In September 2024, Cargill purchased two U.S. feed mills located in Denver, Colorado, and Kansas City, Kansas from Compana Pet Brands. The transaction expands Cargill's production and distribution capacities so that it can serve large-scale agricultural operations as well as ag retail customers more effectively. The acquisition facilitates animal nutrition growth, particularly for the livestock and pet feed businesses.

Market Segment

This study forecasts revenue at North America, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the North America hominy feed market based on the below-mentioned segments:

North America Hominy Feed Market, By Types of Hominy

• White Hominy
• Yellow Hominy

North America Hominy Feed Market, By Application

• Livestock Feed
• Industrial Uses
• Human Consumption