In the paper, we first use the energy method to establish the local well-posedness as well as blow-up criteria for the Cauchy problem on the two-component Euler-Poincaré equations in multi-dimensional space. In the case of dimensions 2 and 3, we show that for a large class of smooth initial data with some concentration property, the corresponding solutions blow up in finite time by using Constantin-Escher Lemma and Littlewood-Paley decomposition theory. Then for the one-component case, a more precise blow-up estimate and a global existence result are also established by using similar methods. Next, we investigate the zero density limit and the zero dispersion limit. At the end, we also briefly demonstrate a Liouville type theorem for the stationary weak solution.