Market Snapshot:
Doughnuts are a popular fried dessert treat made from sweetened dough that's shaped into a ring or ball. The dough is typically made from flour, sugar, yeast, baking powder, and other ingredients. Once fried, they're often glazed, frosted, or dusted with sugar or cinnamon. They come in various flavors and fillings, from classic glazed and chocolate-covered to more elaborate ones like jelly-filled or topped with sprinkles. Shifting consumer preferences towards indulgent and convenient snacks contributes significantly to the doughnut market's growth. Unique flavors, fillings, and toppings cater to diverse tastes.
Highlights from Doughnuts Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Largest Market | North America |
Unit | Value (USD Million) |
CAGR | 5.47% |
The key Vendors profiled in the report are Daylight Donut Flour Company CO. , LLC (United States), Dunkin' Brands Group (United States), Krispy Kreme Doughnuts, Inc. (United States), Mister Doghnuts (United States), Restaurant Brands International Inc. (Canada), Cinnabon (United States), Country Style (Canada), Bimbo Bakeries USA (United States), Glory Hole Doughnuts (Canada), Honey Dew Donuts (United States), J.CO DONUTS & COFFEE (Indonesia) and Jelly modern doughnuts (Canada). Additionally, other players that are part of this comprehensive study are LaMar's Donuts (United States), Mad Over Donuts (Singapore), Maple Donuts (United States), McDonald's (United States), Starbucks (United States), Sugar Shack Donuts (United States), THE DOUGHNUT TIME (U.K) and Winchell's Donut House (United States).
Geographic Breakdown and Segment Analysis
The Global Doughnuts market presents a comprehensive analysis of the Doughnuts market by product type (Yeast and Cake Style), by end-user/application (Food Service, Retail and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Doughnuts industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the North America holds majority of market share of the Doughnuts market
Analyst at AMA have segmented the market study of Global Doughnuts market by Type, Application and Region.
Influencing Trend:
Consumers Relying on Doughnuts Due to Their Busy Schedule and Companies Offering Yeast-Raised Doughnuts like Dunkin' Donuts and Krispy Kreme
Market Growth Drivers:
Increasing Number of Retail Outlets and Stores, Trending Habit of Munching By Consumers, Changing Lifestyle in the Population and Increasing Taste Preferences and Rising Number of Baking Shops and Retail Outlets
Challenges:
Fluctuating Raw Material Price Required to Produce Doughnuts Leading to Increase the Manufacturing Costs
Restraints:
Availability of Different Types of Bakery Products as a Substitute and Increasing Health Consciousness among the Population in Urban Cities
Opportunities:
Rapid Urbanization in Emerging Countries is Creating an Opportunity for Food Outlets
Market Developments Activities:
In August 2023, Krispy Kreme announced plans to acquire J.D. Donuts, a regional chain with over 50 locations in the southeastern United States, for an undisclosed amount. This move aimed to expand Krispy Kreme's footprint and diversify its offerings.
In February 2023, Tim Hortons introduced its limited-edition "Timbits Bites" in Canada. These bite-sized versions of their popular Timbits donuts offered customers a convenient and mess-free way to enjoy the classic treat.
The doughnut market is highly fragmented by the presence of numerous small and large manufacturers. The key players are increasingly competing against each other to increase their market reach and to meet the rising needs of consumers. The factors on which the vendors are competing involve pricing strategy, service, quality of food, menu variation, and calorie intake per serving. They are also trying to gain a firm foothold in the market by offering attractive customer-based offers. These manufacturers are also concentrating on retaining high-value customers by offering customized solutions or menus and services.
Key Target Audience
Doughnuts Manufacturers, Suppliers /Distributors/Intermediaries /Customers, Government and Regulatory Bodies, Potential Investors, Industry Associations and Others