In this paper, we establish the local well-posedness for the two-component b-family system in a range of the Besov space. We also derive the blow-up scenario for strong solutions of the system. In addition, we determine the wave-breaking mechanism to the two-component Dullin-Gottwald-Holm system. with initial data m.0, x/ D u 0 .x/ ˛2u 0,xx , where u.t, x/ stands for the horizontal velocity of the fluid, .t, x/ is related to the free surface elevation from equilibrium with the boundary assumption, u ! 0 and ! 1 as jxj ! 1, A is a nonnegative parameter related to the critical shallow water speed, and the parameter is a constant. The real dimensionless constant b is a parameter that provides the competition, or balance, in fluid convection between nonlinear steepening and amplification due to stretching; it is also the number of covariant dimensions associated with the momentum density m. It is noted that when D 0, the system in (1.1) becomes the b-family equation, that is( 1.2) With the momentum density m D u ˛2u xx , Equation (1.2) can be rewritten as(1.3) Equation (1.3) can be regarded as a model of water waves by using asymptotic expansions directly in the Hamiltonian for Euler's equation in the shallow water regime [5, 6]. It is believed that the Korteweg-de Vries (KdV) equation (˛D 0 and b D 2)[7], the Camassa-Holm (CH) equation (b D 2) [8-13] (when b D 2 and ¤ 0, it is also referred to as the Dullin-Gottwald-Holm (DGH) equation [5, 10]), and the Degasperis-Procesi (DP) equation (b D 3) [14][15][16][17][18][19] are the only three integrable equations in the b-family Equation (1.3) [5,6,14,20,21]. When A D D 0, (1.3) admits not only the peakon solutions for any b of the form u.t, x/ D ce jx ctj , c 2 R but also multipeakon solutions [6,20,22](see also [23] for the case of existence of infinite many peakons) defined by u.x, t/ D N X jD1 p j .t/e jx q j .t/j ,