The global ribbon blenders market size is anticipated to be valued at USD 21.3 Billion in 2032 and exhibit growth at a CAGR of 9.7% in the forecast period from 2022 to 2032. High demand for premium quality blenders in the food and beverage industry is set to augment sales of ribbon blenders in the upcoming years.
According to a report by FMI, the global ribbon blenders market is likely to reach USD 17.8 Billion in 2022. Surging adoption of customized equipment designs to improve the overall performance and operational efficiency is estimated to bolster growth.
| Report Attribute | Details |
|---|---|
| Ribbon Blenders Market Estimated Base Year Value (2021) | USD 16.4 Billion |
| Ribbon Blenders Market Expected Market Value (2022) | USD 17.8 Billion |
| Ribbon Blenders Market Anticipated Forecast Value (2032) | USD 21.3 Billion |
| Ribbon Blenders Market Projected Growth Rate (2022 to 2032) | 9.7% CAGR |
Ribbon blender is considered to be the most commonly used mixer in the food and beverage industry. It is cost-effective, versatile, and is extensively utilized to mix dry solids. It is suitable for blending most light pastes and solids.
The action of the outer and inner ribbons delivers economical and effective blending. Availability of a wide range of ribbon blenders that are capable of mixing free-flowing, dry solids, as well as bulk densities, is likely to push the market.
Surging need for dry juice mixes, protein powder mixes, and nutraceuticals worldwide is expected to accelerate the demand for ribbon mixers in the assessment period. Ability of these blenders to provide high homogeneity and low energy consumption is another crucial factor that is projected to aid growth.
Further, growing usage of ribbon blenders for making bread improvers, muffin mixes, energy drinks, tea, dairy products, coffee flour, cakes, snack bars, and cereals is set to drive growth. Emergence of new equipment with customizable structures with features, such as automated recipe control, spray system, and temperature control is also projected to boost growth.
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Surging consumption of breakfast cereals with the rising popularity of ready-to-eat food items enabled by busy lifestyles of the working population is expected to augment the market.
Rising need for healthy & convenient food, increasing preference for local flavors, and westernization of global diets are set to push cereal consumption in developing countries, thereby accelerating the ribbon blenders market growth.
Moreover, rapid expansion of retail infrastructure, such as hypermarkets and supermarkets in various parts of the globe is set to fuel the demand for breakfast cereals. Increasing number of new product launches with numerous flavors by key players is another crucial factor that would spur growth.
In November 2021, for instance, General Mills, Inc., a multinational food company based in the USA, launched various products to expand its ready-to-eat cereal range. The lineup includes CinnaGraham Toast Crunch, Reese’s Puffs Cluster Crunch, Plentifull, PJ Masks Cereal, and Strawberry Banana Cheerios. Such unique product launches by companies in the breakfast cereal segment is set to foster the requirement of ribbon blenders.
It is very difficult to generate 100% discharge in ribbon blenders. The movement of ribbons located near the vessel walls can damage delicate materials and lead to attrition because of high compression and shear.
In addition to that, high clearance between the container and the external periphery of the outer ribbon can often result in dead or unmixed spots. Spurred by the aforementioned disadvantages, sales of ribbon blenders may get hindered in the assessment period.
Increasing demand for snack bars among the health-conscious population in the USA and Canada is projected to bolster the North America ribbon blenders market share in future years. Rising replacement of high calorie content products with snack bars in the region is also expected to drive the regional market.
Surging cases of obesity are compelling consumers to opt for nutritious snack bars, which would propel the need for ribbon blenders. As per the Centers for Disease Control and Prevention (CDC), in 2017-March 2020, the prevalence of obesity in the USA was 41.9% and the estimated annual medical cost of obesity was about USD 173 Billion in the country. The trend is set to continue throughout the forthcoming years, thereby fostering the North America market.
Asia Pacific is set to remain in the second position, followed by North America during the forecast period. Launch of customized energy drinks to attract consumers belonging to the age group of 18-34 years in India, China, Japan, and South Korea is likely to augur well for the regional market.
In October 2021, for instance, AB InBev, a multinational drink and brewing company headquartered in Belgium, introduced Budweiser Beats in India. The company aims to expand its non-alcoholic beer and energy drink segments in the country.
It also wants to lower the harmful effects of alcohol by nearly 10% in top 6 cities worldwide by launching energy drinks. On account of new product launches, sales of ribbon blenders are projected to grow in Asia Pacific.
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Some of the renowned companies operating in the global ribbon blenders market include Buhler Holding AG, Bulkmatic, Sulzer Ltd., KHS GmbH, Morton Mixers & Blenders, Highland Equipment, SPX Corporation, Tetra Laval International S.A., Lee Industries, Krones AG, Charles Ross & Son, Munson Machinery, Marel hf, Hosokawa Micron Corporation, John Bean Technologies Corporation, and GEA Group AG among others.
The majority of the key players in the market are focusing on research and development activities to introduce state-of-the-art products. They are also collaborating with renowned food and beverage manufacturers to provide their in-house ribbon blenders and gain a competitive edge in the market. Some of the other companies are aiming to generate high shares by engaging in mergers and acquisitions, joint ventures, and capacity expansion strategies.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 9.7% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
End User, Type, Region |
| Regions Covered |
North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled |
Buhler Holding AG; Bulkmatic, Sulzer Ltd.; KHS GmbH; Morton Mixers & Blenders; Highland Equipment; SPX Corporation; Tetra Laval International S.A.; Lee Industries; Krones AG; Charles Ross & Son; Munson Machinery; Marel hf; Hosokawa Micron Corporation; John Bean Technologies Corporation; GEA Group AG |
| Customization | Available Upon Request |
The global ribbon blenders market is set to surpass USD 21.3 Billion in 2032.
North America is set to lead the ribbon blenders market in the forecast period.
Buhler Holding AG, Bulkmatic, Sulzer Ltd., KHS GmbH, Morton Mixers & Blenders, Highland Equipment, SPX Corporation, and Tetra Laval International S.A. are some of the renowned companies in the ribbon blenders market.
| Market Size, 2024 | USD 9,904.40 million |
|---|---|
| Market Size, 2034 | USD 18,074.80 million |
| Value CAGR (2024 to 2034) | 6.20% |
| Market Estimated Value (2023E) | USD 1,436 million |
|---|---|
| Market Estimated Value (2033E) | USD 3,057.6 million |
| Value CAGR (2023 to 2033) | 8% |
| Expected Market Value (2022) | USD 19.86 Billion |
|---|---|
| Anticipated Forecast Value (2032) | USD 42.81 Billion |
| Projected CAGR (2022 to 2032) | 8% |
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Ribbon Blenders Market
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