[350 Pages Report] During the projected period (2022 to 2032), the global dry blended products market is expected to grow at a CAGR of 4.6%. The dry blended products market is anticipated to reach a valuation of USD 18,670.6 Million by 2032. It is estimated to reach USD 11,908.0 Million by the end of 2022.
The dry blended products market is projected to grow significantly in the next five years. The market for dry blended products is mainly driven by the urgent need for natural and organic ingredients, which are expected to continue to grow in terms of popularity. The use of dry blended products is also expected to increase due to their high convenience and versatility.
Dry blended products are mixtures of dry ingredients that are typically combined for use in the food industry. The most common dry blended products are flour mixes, which are used to make bread, pastries, and other baked goods. Dry blending is a process that can be used to create a variety of different types of products, including spices, seasonings, and even some powdered beverages.
In September 2021, for instance, Olam food ingredients introduced 17 new spice blends to celebrate the vibrant and varied flavors of the Americas. These spice blends are mainly designed for snacking, savory, and culinary applications. The company aims to help manufacturers enhance authentic flavors in new product development.
Similarly, in November 2021, Ocean Spray Cranberries, Inc., an American agricultural cooperative of growers of cranberries based in the U.S., unveiled its latest range of dried fruit blends infused with functional benefits. The Ocean Spray Fruit Medley includes Immunity Blend, Fiber Blend, and Probiotic Blend containing banana chips, dried pineapple, dried mangos, dried cranberries, dried nectarines, apples, raisins, cherries, and blueberries.
In June 2021, Sow Good Inc., a food products start-up based in Texas, introduced its first-ever product line of vegetable smoothies & snacks and freeze-dried fruits. The company is aiming to battle food waste by launching products that would provide strong shelf stability.
The company’s packaged snack lineup contains single-ingredient vegetables and fruits such as apples, edamame, and cherries. Such innovative product launches by renowned companies are projected to bode well for the global dry blended products market in the next ten years.
Moreover, ongoing innovation and rapidly changing customer trends are likely to create new growth opportunities for market players and compel them to introduce custom dry ingredients blends. Ongoing advancements in the food and beverages industry worldwide are estimated to lead to the development of several formulations that will be used for enhancing the taste of various food products.
| Attributes | Key Insights |
|---|---|
| Global Dry Blended Products Market Estimated Size (2022E) | USD 11,908.0 Million |
| Projected Market Valuation (2032F) | USD 18,670.6 Million |
| Value-based CAGR (2022 to 2032) | 4.6% |
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The future of the dry blended products market is set to be bright. The market is expected to continue to grow at a steady pace with the launch of new products and innovations by key players. Growth will also be driven by the increasing demand for healthy and convenient food options worldwide.
There will be a strong focus on health and wellness in the future as consumers become more aware of the importance of good nutrition. Dry blended products offer a convenient and healthy option for people with busy lifestyles. The market will continue to grow as more people adopt healthy lifestyles.
Innovation will be key in the future as renowned companies strive to differentiate themselves in the highly competitive market. The market is set to witness the launch of new product formulations and packaging designs that appeal to health-conscious consumers.
High Demand for Organic Items in the USA to Drive Sales of Dry Blended Products
The USA dry blended products market is constantly evolving, with new products and trends emerging at all times. Consumers are nowadays becoming more conscious of what they put into their bodies, and are thus increasingly opting for natural and organic products over conventional ones. This trend is especially prevalent in the dry blended products market, where there is a growing demand for healthy, nutritious options.
Besides, as more people adopt vegetarian and vegan lifestyles, there is an increasing demand for plant-based protein sources such as peas, beans, and lentils. This trend has led to the proliferation of new dry blended products on the USA market, many of which are high in protein and low in fat.
Indian Consumers to Look for Dry Blended Spice Mixes in the Forecast Period
The India dry blended products market has witnessed not-so-steady growth over the past few years. While some products have seen strong growth, others have struggled to maintain their market share. One bright spot in the Indian market has been the performance of dry blended spices. Spices have showcased robust growth due to the rising popularity of Indian cuisines globally. This has further driven the demand for spices, which has, in turn, helped to boost sales of dry blended spice mixes.
Another area where the market has performed well is in terms of health and wellness products. Consumers in India are increasingly looking for healthy alternatives to traditional processed foods, and this has helped to foster sales of dry blended health food mixes. However, not all products have fared so well. Sales of dry blended coffee and tea mixes have declined in recent years as consumers move away from these traditional drinks.
International Firms to Sell Their Products through Online Channels in China
International players are targeting the China dry blended products market to sell their items. The reason is that China is an emerging market with huge growth potential. In order to tap this potential, market players are adopting various strategies.
One of the most significant strategies adopted by key market players is to increase their focus on online channels for marketing and selling their products. This is because China has a very large population that is active on the internet. Thus, by targeting this particular population, market players can reach a large number of potential customers.
Another strategy that is being adopted by market players is to offer customized products as per the needs and preferences of Chinese consumers. This is because Chinese consumers are very particular about what they buy, and they prefer products that are tailored according to their requirements.
Presence of a Well-Established Manufacturing Infrastructure to Push Sales in Japan
Japan is one of the most rapidly developing countries in the world when it comes to the production of dry blended products. In recent years, the country has witnessed a significant increase in terms of the amount of dry blended products that are being exported to other nations. This is due to the fact that Japan has a well-established infrastructure when it comes to manufacturing and distributing these products.
Additionally, the Japanese government has been investing heavily in research & development activities in order to improve the quality of these products. As a result, Japan is currently considered to be one of the leading producers of dry blended products in the world.
Principal Consultant
Sales of Ribbon Blenders to Grow Amid Rising Demand for Dietary Supplements
Ribbon blenders are commonly used in the food processing industry for completing various tasks such as mixing dough, blending batters, and preparing fillings & frostings. They are also frequently used in the chemical industry for applications such as mixing pigments and dyes, or grinding and pulverizing dry chemicals. Thus, the ribbon blenders segment is set to remain at the forefront in the global dry blended products market.
Launch of Vegan Protein Powder with Exotic Flavors and Textures to Boost Sales
It is no secret that protein powders have been one of the top-selling products in the dry blended category for quite some time now. Protein powders are an easy and convenient way to get protein, which is an important nutrient for many people. There are a wide variety of flavors and types of protein powders available in the market, so there is something for everyone.
In September 2022, for instance, Tata Consumer Products (TCS) entered the health supplements segment by unveiling a plant-based protein powder. The new Tata GoFit is a health supplement range for women, which contains a plant-based easy-to-mix product formulated with the goodness of probiotics.
However, protein powders can be expensive according to the type of ingredients they include. Also, some people are beginning to question whether or not they actually need to supplement their diet with protein powder at all, which may hamper their sales in the next ten years.
The global market for dry blended products is highly fragmented and competitive due to the presence of several local and regional companies. Key players are using a wide range of marketing strategies such as partnerships, expansions, mergers & acquisitions, and collaborations to strengthen their positions.
Some of the leading companies operating in the dry blended products market are Cargill Inc., Archer Daniels Midland Company, General Mills Inc., Ingredion Inc., Conagra Brands Inc., Ajinomoto Co. Inc., BASF, Dow Chemical, and Evonik. Arkema, Clariant AG, Evonik Industries AG, Huntsman Corporation, LANXESS AG, Nuplex Industries Limited, PCC Rokita SA, Solvay SA, and W. R. Grace & Co.-Conn, Kerry Group, Tate& Lyle plc, ABF plc, Royal DSM, and Bunge Limited among others.
For instance
Cargill, Inc., Archer-Daniels-Midland Company and Ingredion Strive to Enhance Nutritional Attributes of Dry Blended Products
Cargill, Inc. is a privately held American multinational food conglomerate headquartered in Minnetonka, Minnesota, and incorporated in Wilmington, Delaware. It was established in 1865.
Cargill's major businesses include trading, purchasing, and distributing grain, as well as other agricultural commodities such as palm oil; trading in energy, steel, and transportation; livestock raising and feed production; and the production of food ingredients such as starch and glucose syrup, vegetable oils, and fats for use in processed foods and industrial applications.
In January 2021, Cargill Salt introduced a new pure sea salt flour. The active component is an ultra-fine sliced, powder-like sodium chloride. It is appropriate for blending applications that demand extremely fine sizes such as dry soup, cereal, flour, and spice mixes, as well as topping snack items.
In June 2020, Cargill announced its collaboration with a local producer in Western India to establish Asia's first chocolate manufacturing business. The factory is anticipated to open in mid-2021, producing 10,000 tons of chocolate compounds initially.
Similarly, in December 2019, Cargill launched Radipure, a pea protein developed and processed in Asia, to meet the growing demand for plant-based proteins from Asian consumers. Radipure pea protein provides clients with the solubility and taste profile they want for food application development.
Another leading player, Archer-Daniels-Midland Company, or ADM, is an American global food processing and commodities trading firm based in Chicago, Illinois, founded in 1902. The firm has over 270 factories and 420 crop procurement facilities across the world where cereal grains and oilseeds are processed into products utilized in the food, beverage, nutraceutical, industrial, and animal feed industries.
In July 2022, ADM initiated a strategic relationship with New Culture, a pioneering animal-free dairy company, to speed up the development and commercialization of alternative dairy products. The collaboration demonstrates both firms' significant commitment to creating a more sustainable food future.
In October 2021, ADM announced the completion of its purchase of Sojaprotein, a prominent European source of non-GMO soy components. The acquisition significantly expands ADM's global alternative protein capabilities, as well as its capacity to fulfill the expanding demand for plant-based beverages and foods.
Ingredion, on the other hand, is providing innovative products to mark its presence in the field of dry blended products. Ingredion Incorporated is a multinational American ingredient provider located in Westchester, Illinois, that primarily manufactures starches, non-GMO sweeteners, stevia, and pea protein.
Corn, tapioca, potatoes, plant-based stevia, cereals, fruits, gums, and other vegetables are processed into ingredients for the food, beverage, brewing, and pharmaceutical industries, as well as many other industrial sectors.
In March 2019, Ingredion Incorporated announced the addition of VITESSENCE Pulse 1803 organic pea protein isolate to its portfolio of plant-based proteins for the United States and Canada. The isolate helps producers build in-demand, high-protein products that fulfill consumer-wanted claims by providing crucial formulation functionality.
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| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | USD 11,908.0 Million |
| Projected Market Valuation (2032) | USD 18,670.6 Million |
| Value-based CAGR (2022 to 2032) | 4.6% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | Value (USD Million) |
| Key Regions Covered |
North America; Latin America; Europe; Asia Pacific; Oceania; Middle East & Africa (MEA) |
| Key Countries Covered |
The USA, Canada, Mexico, Germany, The UK, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Argentina, South Africa, UAE |
| Key Segments Covered |
TypeType, Application, Nature, Form, Region |
| Key Companies Profiled |
Grote company; Cargill Inc.; Archer Daniels Midland Company; General Mills Inc.; Ingredion Inc.; Ajinomoto Co. Inc.; BASF; Dow Chemical; Evonik. Arkema; Clariant AG; Evonik Industries AG; Huntsman Corporation; LANXESS AG; Nuplex Industries Limited; PCC Rokita SA; Solvay SA; W. R. Grace & Co.-Conn; Kerry Group; Tate& Lyle plc; ABF plc; Royal DSM; Bunge Limited |
| Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The dry blended products market size is estimated to reach USD 11,908.0 Million by the end of 2022.
The dry blended products market is expected to rise at a CAGR of 4.6% in the forecast period.
The North America dry blended products market is expected to register a 5.1% CAGR between 2022 and 2032.
The US, China, Canada, Germany, and Mexico are the major countries driving demand in the dry blended products market.
The China dry blended products market is projected to grow at a CAGR of around 5.3 % over the next ten years.
The Germany dry blended products market is projected to grow at a CAGR of around 5.5% over the next ten years.
The Europe dry blended products market is expected to grow at 6.5% CAGR between 2022 and 2032.
Cargill Inc., Archer Daniels Midland Company, Bunge Limited, and Ingredion Incorporated are expected to be the top players in the dry blended products market
The Mexico dry blended products market is projected to grow at a CAGR of around 3.9% over the next ten years.
The global dry blended products market is expected to surpass USD 18,670.6 Million by the end of 2032.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product 5.1. Pharmaceuticals 5.2. Food 5.3. Chemicals 5.4. Fertilizers 5.5. Plastics 5.6. Pigments 5.7. Cosmetics 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type 6.1. Ribbon Blenders 6.2. Paddle Blender 6.3. Tumble Blender 6.4. Vertical Blender 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Applications 7.1. Nutraceuticals 7.2. Pharmaceuticals 7.3. Cosmetics 7.4. Proteins Powders 7.5. Premix 7.6. Animal Feed 7.7. Instant Drink 7.8. Bake Mixes 7.9. Sugar Blends 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Nature 8.1. Organic 8.2. Conventional 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Form 9.1. Flake 9.2. Flour 9.3. Bran 9.4. Whole Form 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. East Asia 10.5. South Asia 10.6. Oceania 10.7. Middle East & Africa (MEA) 11. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 16. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 17. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 18. Key Countries Market Analysis 19. Market Structure Analysis 20. Competition Analysis 20.1. Grote Company 20.2. Cargill Inc. 20.3. Archer Daniels Midland Company 20.4. General Mills Inc. 20.5. Ingredion Inc. 20.6. Conagra Brands Inc. 20.7. Ajinomoto Co. Inc. 20.8. BASF 20.9. Dow Chemical 20.10. Evonik. Arkema 20.11. Clariant AG 20.12. Evonik Industries AG 20.13. Huntsman Corporation 20.14. LANXESS AG 20.15. Nuplex Industries Limited 20.16. PCC Rokita SA 20.17. Solvay SA 20.18. W. R. Grace & Co.-Conn 20.19. Kerry Group 20.20. Tate & Lyle plc 21. Assumptions & Acronyms Used 22. Research Methodology
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Dry Blended Products Market
