Dry Mixes Market Size was estimated at 39.41 (USD Billion) in 2022. The Dry Mixes Industry is expected to grow from 42.17(USD Billion) in 2023 to 77.58 (USD Billion) by 2032. The Dry Mixes Market CAGR (growth rate) is expected to be around 7.01% during the forecast period (2023 - 2032).
Key Dry Mixes Market Trends Highlighted
The Dry Mixes Market is witnessing a surge in demand driven by factors such as rising urbanization, increasing construction activities, and growing disposable income. The increasing adoption of dry mixes in construction and renovation projects is a significant market driver. The convenience and ease of use offered by dry mixes, coupled with their superior performance compared to traditional wet mixes, have contributed to their popularity.The growing demand for sustainable and eco-friendly building materials presents an opportunity for dry mixes manufacturers to develop and market environmentally sustainable products.
The increasing adoption of dry mixes in precast concrete applications, where precision and consistency are crucial, is also a promising growth area. Furthermore, the rising trend towards DIY (Do-It-Yourself) projects has fueled the demand for dry mixes among homeowners and contractors.Recent trends in the Dry Mixes Market include the development of innovative products with enhanced properties, such as increased durability, faster setting times, and water resistance. The integration of nanotechnology and advanced technologies in dry mix production has led to improved performance and efficiency. Additionally, the growing adoption of e-commerce platforms has provided new avenues for dry mix manufacturers to reach a wider customer base.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Dry Mixes Market Drivers
Growing Construction Industry
The construction industry is one of the main factors that drive the dry mixes market. Dry mixes can be used in different spheres of the construction industry, such as concrete, mortar, plaster, etc. As the construction industry continues to grow, the demand for dry mixes will correspondingly rise. This interest will be mainly potent in the developing countries that are in dire need of new housing and infrastructure. This aspect suggests that the construction industry will persist in growing in the upcoming years, which will be a reliable foundation for the dry mixes market.Apart from the construction industry, home improvement projects are actively contributing to the growth of the dry mixes market. Recently, a vast number of residents all over the world had to stay at home, which prompted them to start working on enhancing their living conditions. In this way, dry mixes are one of the cheapest and most convenient ways to modify the exterior or interior of a dwelling. The increasing interest in home improvement projects suggests that customers will turn for dry mixes on an ongoing basis.Overall, as the construction industry is expanding, and home improvement projects are gaining in popularity, these two aspects are some of the main drivers for the dry mixes market.
Rising Disposable Income
Another driver is the rising disposable income. With the improved quality of life, more people have more money to spend. Dry mixes could be quite a good purchase in this regard. First of all, these are convenient kinds of products. One can easily make a nutritious breakfast or lunch using these mixes. Moreover, they are quite affordable and, therefore, save people time and money compared to purchasing and preparing fresh products. Overall, it is possible to state that the rising disposable income will also boost the market throughout the years.
Increasing Urbanization
From the perspective of a perfective or perfect aspect, dry mixes market continues to be driven by the overall and increasing urbanization. Nowadays more people are moving to the cities, and they look for convenient and affordable solutions to cooking, and dry mixes are an ideal option. They are simple in use and storing, and they can be used as a basis for various dishes. In regard to this, the increasing urbanization is expected to continue to stimulate the growth of the demand for dry mixes in the future.
Dry Mixes Market Segment Insights
Dry Mixes Market Form Insights
The Dry Mixes Market is divided into three major types – Powdered, Premixed, and Instant. However, a little more than 60% of the global market in 2023 is expected to belong to powdered dry mixes. Usually, a powdered dry mix is used in baking and cooking, as it does not contain many ingredients, and it is easy to mix with other components of dishes. The second largest share of the product belongs to the premixed dry mix. It is also primarily convenient for ordinary consumers who do not have much desire to deal with many parts of the chosen dish.Instant dry mixes are the fastest and most easily prepared, so they can be chosen when there is not much time for cooking. Usually, such mixes need to be mixed with water unless there are other instructions.
The Dry Mixes Market will continue to develop in the future times. Among the factors contributing to this development, it is possible to single out an increased interest in convenience foods. The factors contributing to this growth rate are as follows: An increased interest in foods of convenient use The popularity of home cooking The increased number of women being employed The consideration of dry mixes to be more beneficial for health Moreover, the Dry Mixes Market is rather competitive, and there are some big companies controlling the provision of the product.The key players in the market are the following: Nestlé Unilever Mars Kellogg’s General Mills In order to meet the demands of consumers that change rather rapidly, these companies have to constantly make some innovations and develop more products.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Dry Mixes Market Application Insights
The Dry Mixes Market revenue from the Construction segment is expected to reach USD 18.54 billion by 2024, with a CAGR of 7.2%. The growth of this segment is attributed to the increasing demand for dry mixes in the construction industry, particularly in developing regions, where rapid urbanization and infrastructure development are driving the demand for construction materials. The Industrial segment is expected to witness a steady growth, with a CAGR of 6.8% over the forecast period. Dry mixes are used in various industrial applications, such as manufacturing of tiles, ceramics, and glass.The Food and Beverage segment is also expected to grow at a significant rate, with a CAGR of 6.9%. Dry mixes are widely used in the food and beverage industry for the production of bakery products, snacks, and processed foods. Overall, the Dry Mixes Market is expected to witness a healthy growth in the coming years, driven by the increasing demand from various end-use industries.
Dry Mixes Market Binding Material Insights
The Binding Material segment is a crucial component of the Dry Mixes Market, encompassing essential materials such as cement, lime, and gypsum. Cement, a key binding agent, is widely used in construction applications due to its strength, durability, and versatility. The global cement market is projected to reach USD 550 billion by 2024, driven by the increasing demand for infrastructure development and urbanization. Lime, another vital binding material, is primarily utilized in construction, agriculture, and environmental applications. The global lime market is anticipated to grow at a CAGR of 4.5% from 2023 to 2030, reaching a valuation of USD 15.2 billion by 2030.Gypsum, predominantly employed in the construction industry, plays a significant role in wallboard, plaster, and cement production. The global gypsum market is expected to witness steady growth, reaching a projected value of USD 4.2 billion by 2024. The Binding Material segment plays a fundamental role in the construction industry, influencing the overall market growth and dynamics.
Dry Mixes Market Additives Insights
Additives segment The additives segment of the Dry Mixes Market is projected to grow at a CAGR of 7.8% from 2023 to 2032, reaching a value of USD 12.51 billion by 2032. Additives are used in dry mixes to improve the properties of the final product, such as strength, durability, and workability. Plasticizers are the most widely used type of additive in dry mixes. They are used to increase the flexibility and workability of the mix, making it easier to apply and finish. The global plasticizers market is expected to reach USD 9.23 billion by 2024, with a CAGR of 4.2%.Accelerators are used to speed up the setting time of dry mixes, making them ideal for applications where a quick turnaround is required.
The global accelerators market is expected to reach USD 2.54 billion by 2024, with a CAGR of 5.1%. Retarders are used to slow down the setting time of dry mixes, giving workers more time to apply and finish the mix. The global retarders market is expected to reach USD 1.97 billion by 2024, with a CAGR of 4.8%. The growth of the additives segment is being driven by the increasing demand for dry mixes in the construction industry.Dry mixes are becoming increasingly popular due to their ease of use, cost-effectiveness, and durability. The rising demand for dry mixes in emerging economies is also expected to drive the growth of the additives segment.
Dry Mixes Market Regional Insights
North America is expected to hold the largest market share in 2023, owing to the increasing construction activities and growing demand for ready-to-use building materials. Europe is anticipated to witness significant growth over the forecast period, driven by the rising demand for sustainable and energy-efficient construction materials. The APAC region is expected to be the fastest-growing market, with China and India being the major contributors, due to the increasing urbanization and rapid growth in construction sector. South America and MEA are also expected to contribute to the overall growth of the market, albeit at a slower pace, primarily due to the increasing investments in infrastructure development projects.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Dry Mixes Market Key Players And Competitive Insights
Current market is characterized by a fierce competition and permanent development of new market strategies. Therefore, leading players of Dry Mixes Market Industry, are trying to develop new products, as well as extending their global presence by entering new markets. The leading players of Dry Mixes Market are also developing their products by investing in research and development. Therefore, the factors that drive the development of dry mixes market, are the demand for convenience and time savings, as well as the increasing popularity of healthy food. It is also likely that the Dry Mixes Market Competitive Landscape will not undergo significant changes and will remain highly competitive in the next years. Most likely, the key players of Dry Mixes Market, will focus on implementing further mergers and acquisitions, entering into partnerships and developing aggressive marketing strategies to increase their share of the market.The major competitors of Dry Mixes Market are Sika AG and BASF SE. Sika AG is one of the world leading chemical companies that specializes in manufacturing the specialty chemicals and constructing materials.
In addition, Sika AG is one of the leading dry mixes manufacturers that produces and distributes a wide range of dry mixes, including the ones for concrete, mortar and flooring. Sika AG is one of the major competitors of Dry Mixes Market, as it has a solid global presence and a well-developed supply network that allows this company to work with clients in all corners of the planet. In addition, this company is oriented on sustainability and innovation, therefore, its products are environmentally friendly and high-performing. BASF SE is another key competitor of Dry Mixes Market.
This is a world leading chemical company that develops and produces a wide range of dry mixes for construction industry. BASF SE portfolio includes a variety of products, such as concrete admixtures, mortar additives and flooring systems, while they have obtained numerous patents on their unique technologies that enhance the performance and durability of their products. This company also has a global presence and a well-developed supply network, which allows it to further expand its presence in numerous markets around the world.
Key Companies in the Dry Mixes Market Include
Dry Mixes Market Industry Developments
The Dry Mixes Market is projected to grow from USD 42.17 billion in 2023 to USD 77.58 billion by 2032, at a CAGR of 7.01%. The growth of the market is attributed to factors such as the increasing demand for convenience foods, the growing urbanization, and the rising disposable income of consumers.Recent developments in the market include the launch of new products by major players, such as the launch of a new range of gluten-free dry mixes by General Mills in 2023. Additionally, there has been a growing trend towards the use of natural and organic ingredients in dry mixes, as consumers become more health-conscious.
Dry Mixes Market Segmentation Insights
| Report Attribute/Metric | Details |
| Market Size 2022 | 39.41(USD Billion) |
| Market Size 2023 | 42.17(USD Billion) |
| Market Size 2032 | 77.58(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 7.01% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | HeidelbergCement ,SaintGobain Weber ,Sika ,Knauf ,Henkel ,Cemex ,BASF ,Wacker Chemie ,Ardex ,GCP Applied Technologies ,Mapei ,Atlas Copco ,HBM Holdings ,Sto |
| Segments Covered | Form ,Application ,Binding Material ,Additives ,Regional |
| Key Market Opportunities | Growing Construction Industry Increasing Demand for Convenience Innovation in Green Building Materials Expanding Ecommerce Platforms Health and Wellness Awareness |
| Key Market Dynamics | Rising demand for convenience foods Growing popularity of online food delivery services Increasing consumer awareness of health benefits of dry mixes Expansion of retail distribution channels Innovations in product formulations |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Dry Mixes Market is expected to reach a valuation of USD 77.58 billion by 2032, advancing at a 7.01% CAGR from 2023 to 2032. The market is driven by the rising demand for convenience foods, urbanization, and changing lifestyles.
Asia-Pacific is the largest market for dry mixes, followed by North America and Europe. Emerging economies in Asia-Pacific, such as China, India, and Indonesia, are expected to drive growth in the coming years due to rising disposable incomes and changing consumer preferences.
Dry mixes are used in a wide range of applications, including food, construction, and pharmaceuticals. In the food industry, dry mixes are used in bakery products, soups, sauces, and beverages. In construction, dry mixes are used in mortars, plasters, and concrete. In pharmaceuticals, dry mixes are used in tablet coatings and excipients.
Major players in the Dry Mixes Market include Unilever, Nestle, Archer Daniels Midland Company, Associated British Foods, and Tate & Lyle. These companies are investing in research and development to create innovative products and expand their market presence.
Factors driving the growth of the Dry Mixes Market include the increasing demand for convenience foods, the rising number of working women, and the growing popularity of online grocery shopping. Dry mixes offer convenience, affordability, and ease of use, making them an attractive option for consumers.
Challenges faced by the Dry Mixes Market include fluctuations in raw material prices, intense competition, and the need for continuous innovation. Manufacturers are focusing on developing new products and improving their supply chains to overcome these challenges.
The Dry Mixes Market is expected to grow at a CAGR of 7.01% from 2023 to 2032, driven by increasing urbanization, rising disposable incomes, and changing consumer preferences.
Key trends in the Dry Mixes Market include the growing popularity of plant-based dry mixes, the increasing demand for clean label products, and the rising adoption of e-commerce platforms for dry mix sales.
Opportunities for new entrants in the Dry Mixes Market include the growing demand for innovative products, the increasing number of small and medium-sized businesses, and the rising popularity of private label brands.
Key players in the Dry Mixes Market are adopting strategies such as product innovation, market expansion, and acquisitions to strengthen their market position. They are also focusing on sustainability and reducing their environmental impact.
Assistant Manager - Research High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. by implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in packaging, construction, and equipment domains. she handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.
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