The spout-fluid bed (SFB) is a very successful synthesis of the spouting and fluidization. The hydrodynamics of SFB are more complex than both fluidized beds and spouted beds. Up-to-date information on the fundamentals and applications of SFBs has been briefly presented, based on the limited work reported, in the new spouted bed book edited by Norman Epstein and John R. Grace (Spouted and spout-fluid beds: fundamentals and applications, 2011). In the past three years, nearly 30 papers have been published in international journals. They reported interesting studies on hydrodynamic characteristics, numerical simulations and new applications of SFBs. This article reviews the major research and development on SFB from the year 2010 and recommends further research topics. This review is intended not only as an important supplement to the SFB chapter of the spouted bed book but also helpful guidance for future research.