The dry blended products market size is on a promising growth trajectory, expected to expand at a compound annual growth rate (CAGR) of 4.6% from 2022 to 2032. According to recent reports, the market, valued at USD 11,908.0 million in 2022, is projected to reach an impressive USD 18,670.6 million by 2032.
The surge in demand for natural and organic ingredients is a key driver of this growth. Consumers’ increasing preference for healthy, nutritious, and convenient food options is set to fuel market expansion. Dry blended products, including flour mixes, spices, seasonings, and powdered beverages, offer high versatility and ease of use, making them a staple in the food industry.
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Innovations and new product launches are also pivotal to market growth. For instance, Olam food ingredients introduced 17 new spice blends in September 2021 to celebrate diverse flavors from the Americas. Similarly, Ocean Spray Cranberries, Inc. launched a range of dried fruit blends infused with functional benefits in November 2021, and Sow Good Inc. debuted its line of freeze-dried fruits and vegetable smoothies in June 2021.
Key Takeaways: Dry Blended Products Market
- India currently holds a dry blended products market share of around 4.6% in South Asia.
- By type, paddle blender is set to generate a significant dry blended products market share of 22% in 2022.
- During the forecast period, the U.K. dry blended products market is expected to grow at a rapid CAGR of 6.4%.
- During the forecast period, the Germany dry blended products market is set to grow at a high CAGR of 5.4%.
- During the forecast period, the France dry blended products market is estimated to grow at a considerable CAGR of 5.5%.
“There will be a strong focus on health and wellness in future as consumers become more aware about 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,” says a lead analyst at Future Market Insights.
Country-Specific Insights
- The US market is evolving rapidly with a strong demand for organic and plant-based protein sources. As consumers become more health-conscious, the demand for dry blended products high in protein and low in fat is rising.
- Indian consumers are increasingly looking for dry blended spice mixes, driven by the global popularity of Indian cuisine. Health and wellness products are also seeing strong growth, although traditional coffee and tea mixes have declined.
- International companies are targeting China by leveraging online sales channels and offering customized products tailored to Chinese consumer preferences. This strategy is expected to tap into China’s vast online population and growing middle class.
- Japan’s well-established manufacturing infrastructure and significant investments in research and development have positioned it as a leading producer of dry blended products. The country is witnessing a notable increase in exports of these products.
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Competitive landscape: Dry Blended Products Market
Top 5 manufacturers of dry blended products include Cargill Inc. Archer Daniels Midland Company, Bunge Limited, and Ingredion Incorporated. Together, these companies are currently holding 20% to 30% of the dry blended products market share.
Various companies are using dry blended products in their manufacturing processes. These products are a combination of two or more powdered ingredients that are mixed together to create a single product. There are many benefits to using dry blended products. They can be used to create custom formulations that meet the specific needs of each customer.
Dry blended products can also be used to improve the efficiency of manufacturing processes. With increasing research & development activities and technological advancements, companies are finding new techniques to effectively use dry blended products and bakery items to their maximum potential.
Dry blended products are used by companies like Cargill Inc. This product is made up of two parts, the first part is a dry blend of spices and the second part is a wet blend of spices. The dry blend of spices is used to add flavor to food, while the wet blend of spices is used to add moisture to food. This type of product is perfect for those who are looking for a unique way to add flavor to their food without adding any extra moisture.
Get More Valuable Insights on the Dry Blended Products Market
Future Market Insights, in its new offering, provides an unbiased analysis of dry blended products presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
The study provides valuable insight on the dry blended products market based on by type (ribbon blenders, paddle blender, tumble blender, vertical blender), by application (nutraceuticals, pharmaceuticals, cosmetics, proteins powders, premix, animal feed, instant drink, bake mixes, sugar blends), by nature (organic, conventional), by form (flake, flour, bran, whole form), and region.
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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