Dry Blended Product Market
PUBLISHED: 2024 ID: SMRC28013
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Dry Blended Product Market

Dry Blended Product Market Forecasts to 2030 - Global Analysis by Product (Food and Beverage Blends, Pharmaceutical Blends, Personal Care Blends, Animal Feed Blends and Other Products), Form, Packaging Type, Consumer Type, Functionality, End User and By Geography

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4.6 (55 reviews)
Published: 2024 ID: SMRC28013

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Dry Blended Product Market is accounted for $32.5 billion in 2024 and is expected to reach $44.3 billion by 2030 growing at a CAGR of 5.2% during the forecast period. A dry blended product is a combination of different materials, usually in the form of powder or granules that are made into a single, usable formulation. These goods are frequently found in food and drink items such soups, baking mixes, meal replacements, powdered drinks, and seasonings. The finished product, which is frequently made for convenience, simplicity of storage, and long shelf life, is guaranteed to be uniform and consistent thanks to the blending process. 

Market Dynamics: 

Driver: 

Health and Wellness Trends

Consumer need for convenient, wholesome, and useful foods is fueling the market expansion for dry blended products due to health and wellness trends. Because of their alleged health benefits, products including meal replacements, protein powders, and dietary supplements are in high demand. The industry is growing as a result of consumers' desires for better lifestyles and the move towards clean-label, organic, and plant-based products. Furthermore, the global expansion of dry blended goods is further supported by the development in fitness culture and dietary awareness.

Restraint:

Storage and Shelf-life Issues

Storage and shelf-life concerns limit the industry by reducing product quality and lifespan. Ingredient deterioration and moisture absorption can lower nutritional value, flavor, and freshness. Costs rise and waste rates rise with short shelf lives. Furthermore, poor storage practices might erode consumer confidence and impede industry expansion. Distribution and profitability are impacted by the difficulties manufacturers encounter in guaranteeing ideal packaging and preservation, thus it limits market expansion.

Opportunity:

Innovation and Product Development

Innovation and product development are transforming the dry blended product market by bringing new formulas, flavors, and beneficial additives. Custom mixes are being made by businesses to address particular health issues like immune system support, weight control, and muscle repair. Utilizing cutting-edge processing methods improves the nutritional value, shelf life, and quality of the final product. These developments fuel market growth and heightened competition in the dry blended product industry by meeting changing consumer demands for convenience, variety, and health advantages.

Threat:

Health Concerns with Additives

The growth of the industry is hampered by health concerns about the additives used in dry mixed products. Demand for cleaner, additive-free substitutes is rising as customers get more conscious of the possible dangers associated with artificial substances such as colorants, taste enhancers, and preservatives. In the end, this move toward healthier options slows market expansion and profitability by forcing businesses to reformulate their products, which frequently results in increased manufacturing costs, a shorter shelf life, and difficulty satisfying consumer preferences.

Covid-19 Impact: 

The COVID-19 pandemic disrupted the Dry Blended Product market through supply chain interruptions, labor shortages, and increased raw material costs. Demand for certain products, like home cooking ingredients, surged, while others, such as those used in hospitality, saw a decline. Manufacturers adapted by enhancing online sales and focusing on local sourcing. Overall, the market experienced both challenges and opportunities for growth amid changing consumer behavior and production shifts.

The pellets segment is expected to be the largest during the forecast period

The pellets segment is expected to be the largest during the forecast period due to their uniform size and shape improve mixing processes, ensuring high-quality blends. Additionally, pellets provide better storage, transport efficiency, and longer shelf life, making them a preferred choice in industries like food processing, agriculture, and pharmaceuticals. The trend towards automation and streamlined production further amplifies the demand for pelletized forms, supporting overall market growth.

The agriculture segment is expected to have the highest CAGR during the forecast period

The agriculture segment is expected to have the highest CAGR during the forecast period as demand for handy, ready-to-use food products rises, agricultural productivity must keep up. Product availability, cost effectiveness, and quality are all directly impacted by agricultural innovations like sustainable farming methods and increased crop yields. Furthermore, customer preferences for natural and organic ingredients in dry mixes are influenced by agricultural trends, which propel industry expansion and diversification.

Region with largest share:

North America is anticipated to hold the largest market share during the forecast period because of increasing consumer interest in customized and functional foods, such as protein-rich or low-carb blends, supports market growth. Additionally, the region's focus on clean-label products and organic ingredients enhances market expansion. Innovations in packaging, along with a growing preference for ready-to-use, versatile meal solutions, contribute to the sustained demand for dry blended products in North America.

Region with highest CAGR:

Asia Pacific is anticipated to witness the highest CAGR over the forecast period due to increasing consumer demand for convenient, ready-to-use food and beverage options. Factors such as urbanization, busy lifestyles, and rising disposable incomes are propelling the market forward. The region's expanding food processing industry and the growing preference for customized, flavour-rich blends further boost market demand. Additionally, innovations in product formulations and packaging are enhancing consumer appeal, positioning the Asia Pacific as a key market for dry blended products.

Key players in the market

Some of the key players in Dry Blended Product market include Hasegawa, Sensient Technologies, Botanicals, Takasago International, Frutarom, Givaudan, AromataGroup, Ginkgo BioWorks, Kerry Group, International Flavors and Fragrances, Symrise, Robertet, Firmenich, Mane and Nisshin Oillio.

Key Developments:

In November 2024, Kerry Group announced that it has entered into an agreement with Kerry Co-Operative Creameries Limited to sell Kerry Dairy Ireland for a total expected consideration of 500 million euros.

In December 2023, IFF International Flavors and Fragrances and Kemira announced their next step in the collaboration to commercialize a portfolio of unique, renewable polymers derived from IFF’s cutting-edge Designed Enzymatic Biomaterials (DEB) technology platform.
 
In February 2023, Caldic has announced that it has established a strategic distribution partnership with Kerry Europe in 17 countries. This collaboration will significantly strengthen Caldic’s extensive portfolio for the food industry as the agreement covers a broad range of Kerry products.

Products Covered:
• Food and Beverage Blends
• Pharmaceutical Blends
• Personal Care Blends
• Animal Feed Blends
• Other Products

Forms Covered:
• Powder Blends
• Granular Blends
• Capsules/Tablets
• Pellets

Packaging Types Covered:
• Pouches
• Cans/Bottles
• Bags
• Boxes
• Single Serve Packets

Consumer Types Covered:
• Individual Consumers
• Businesses

Functionalities Covered:
• Nutritional Blends
• Flavoring Blends
• Functional Ingredients

End Users Covered:
• Food and Beverages
• Medical Care
• Cosmetics and Personal Care
• Agriculture
• Chemical and Manufacturing

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary     
       
2 Preface
     
 2.1 Abstract     
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology   
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions   
       
3 Market Trend Analysis    
 3.1 Introduction    
 3.2 Drivers     
 3.3 Restraints    
 3.4 Opportunities    
 3.5 Threats     
 3.6 Product Analysis    
 3.7 End User Analysis    
 3.8 Emerging Markets    
 3.9 Impact of Covid-19    
       
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes   
 4.4 Threat of new entrants   
 4.5 Competitive rivalry    
       
5 Global Dry Blended Product Market, By Product   
 5.1 Introduction    
 5.2 Food and Beverage Blends   
  5.2.1 Beverage Mixes   
  5.2.2 Baking Mixes   
  5.2.3 Meal Mixes   
  5.2.4 Seasoning and Spice Mixes  
  5.2.5 Cereals and Snacks   
 5.3 Pharmaceutical Blends   
 5.4 Personal Care Blends   
 5.5 Animal Feed Blends    
 5.6 Other Products    
       
6 Global Dry Blended Product Market, By Form  
 6.1 Introduction    
 6.2 Powder Blends    
 6.3 Granular Blends    
 6.4 Capsules/Tablets    
 6.5 Pellets     
       
7 Global Dry Blended Product Market, By Packaging Type 
 7.1 Introduction    
 7.2 Pouches     
 7.3 Cans/Bottles    
 7.4 Bags     
 7.5 Boxes     
 7.6 Single Serve Packets   
       
8 Global Dry Blended Product Market, By Consumer Type 
 8.1 Introduction    
 8.2 Individual Consumers   
 8.3 Businesses    
       
9 Global Dry Blended Product Market, By Functionality 
 9.1 Introduction    
 9.2 Nutritional Blends    
 9.3 Flavoring Blends    
 9.4 Functional Ingredients   
       
10 Global Dry Blended Product Market, By End User  
 10.1 Introduction    
 10.2 Food and Beverages   
 10.3 Medical Care    
 10.4 Cosmetics and Personal Care   
 10.5 Agriculture    
 10.6 Chemical and Manufacturing   
       
11 Global Dry Blended Product Market, By Geography  
 11.1 Introduction    
 11.2 North America    
  11.2.1 US    
  11.2.2 Canada    
  11.2.3 Mexico    
 11.3 Europe     
  11.3.1 Germany    
  11.3.2 UK    
  11.3.3 Italy    
  11.3.4 France    
  11.3.5 Spain    
  11.3.6 Rest of Europe   
 11.4 Asia Pacific    
  11.4.1 Japan    
  11.4.2 China    
  11.4.3 India    
  11.4.4 Australia    
  11.4.5 New Zealand   
  11.4.6 South Korea   
  11.4.7 Rest of Asia Pacific   
 11.5 South America    
  11.5.1 Argentina   
  11.5.2 Brazil    
  11.5.3 Chile    
  11.5.4 Rest of South America  
 11.6 Middle East & Africa   
  11.6.1 Saudi Arabia   
  11.6.2 UAE    
  11.6.3 Qatar    
  11.6.4 South Africa   
  11.6.5 Rest of Middle East & Africa  
       
12 Key Developments     
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
 12.2 Acquisitions & Mergers   
 12.3 New Product Launch   
 12.4 Expansions    
 12.5 Other Key Strategies   
       
13 Company Profiling     
 13.1 Hasegawa    
 13.2 Sensient Technologies   
 13.3 Botanicals    
 13.4 Takasago International   
 13.5 Frutarom     
 13.6 Givaudan     
 13.7 AromataGroup    
 13.8 Ginkgo BioWorks    
 13.9 Kerry Group    
 13.10 International Flavors and  Fragrances  
 13.11 Symrise     
 13.12 Robertet     
 13.13 Firmenich    
 13.14 Mane     
 13.15 Nisshin Oillio    
       
List of Tables      
1 Global Dry Blended Product Market Outlook, By Region (2022-2030) ($MN)
2 Global Dry Blended Product Market Outlook, By Product  (2022-2030) ($MN)
3 Global Dry Blended Product Market Outlook, By Food and Beverage Blends (2022-2030) ($MN)
4 Global Dry Blended Product Market Outlook, By Beverage Mixes (2022-2030) ($MN)
5 Global Dry Blended Product Market Outlook, By Baking Mixes (2022-2030) ($MN)
6 Global Dry Blended Product Market Outlook, By Meal Mixes (2022-2030) ($MN)
7 Global Dry Blended Product Market Outlook, By Seasoning and Spice Mixes (2022-2030) ($MN)
8 Global Dry Blended Product Market Outlook, By Cereals and Snacks (2022-2030) ($MN)
9 Global Dry Blended Product Market Outlook, By Pharmaceutical Blends (2022-2030) ($MN)
10 Global Dry Blended Product Market Outlook, By Personal Care Blends (2022-2030) ($MN)
11 Global Dry Blended Product Market Outlook, By Animal Feed Blends (2022-2030) ($MN)
12 Global Dry Blended Product Market Outlook, By Other Products (2022-2030) ($MN)
13 Global Dry Blended Product Market Outlook, By Form (2022-2030) ($MN)
14 Global Dry Blended Product Market Outlook, By Powder Blends (2022-2030) ($MN)
15 Global Dry Blended Product Market Outlook, By Granular Blends (2022-2030) ($MN)
16 Global Dry Blended Product Market Outlook, By Capsules/Tablets (2022-2030) ($MN)
17 Global Dry Blended Product Market Outlook, By Pellets (2022-2030) ($MN)
18 Global Dry Blended Product Market Outlook, By Packaging Type (2022-2030) ($MN)
19 Global Dry Blended Product Market Outlook, By Pouches (2022-2030) ($MN)
20 Global Dry Blended Product Market Outlook, By Cans/Bottles (2022-2030) ($MN)
21 Global Dry Blended Product Market Outlook, By Bags (2022-2030) ($MN)
22 Global Dry Blended Product Market Outlook, By Boxes (2022-2030) ($MN)
23 Global Dry Blended Product Market Outlook, By Single Serve Packets (2022-2030) ($MN)
24 Global Dry Blended Product Market Outlook, By Consumer Type (2022-2030) ($MN)
25 Global Dry Blended Product Market Outlook, By Individual Consumers (2022-2030) ($MN)
26 Global Dry Blended Product Market Outlook, By Businesses (2022-2030) ($MN)
27 Global Dry Blended Product Market Outlook, By Functionality (2022-2030) ($MN)
28 Global Dry Blended Product Market Outlook, By Nutritional Blends (2022-2030) ($MN)
29 Global Dry Blended Product Market Outlook, By Flavoring Blends (2022-2030) ($MN)
30 Global Dry Blended Product Market Outlook, By Functional Ingredients (2022-2030) ($MN)
31 Global Dry Blended Product Market Outlook, By End User (2022-2030) ($MN)
32 Global Dry Blended Product Market Outlook, By Food and Beverages (2022-2030) ($MN)
33 Global Dry Blended Product Market Outlook, By Medical Care (2022-2030) ($MN)
34 Global Dry Blended Product Market Outlook, By Cosmetics and Personal Care (2022-2030) ($MN)
35 Global Dry Blended Product Market Outlook, By Agriculture (2022-2030) ($MN)
36 Global Dry Blended Product Market Outlook, By Chemical and Manufacturing (2022-2030) ($MN)
       
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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