According to HTF Market Intelligence, the Global Doughnuts Market market to witness a CAGR of 4.5% during forecast period of 2023-2028. Global Doughnuts Market Breakdown by Application (Food Services, Retail) by Type (Gourmet Donuts, Cruller, Yeast Donuts, Cake Donuts, Others) by Distribution Channel (Supermarkets/Hypermarkets, Specialty Store, Convenience Store, Online Retail) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Doughnuts Market market size is estimated to increase by USD 4.2 Billion at a CAGR of 4.5% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 13.30 Billion.
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The doughnuts market refers to the global market for the production, distribution, and sale of doughnuts. Doughnuts are a type of fried pastry that are typically round with a hole in the center, made from dough and typically topped with sugar, glaze, or other toppings. The market encompasses a range of products, from mass-produced doughnuts sold in supermarkets to artisanal and gourmet doughnuts sold in specialized bakeries and cafes. The market also includes a variety of distribution channels, including retail stores, foodservice outlets, and online platforms.
Doughnuts Market market – Key Segment Analysis
The market share growth by the Food Services segment will be significant during the forecast period. The segment is driven by the Rising disposable incomes and changing consumer preferences for indulgent and convenient snacks
Growth of the foodservice industry and increasing demand for bakery products in cafes and restaurants.
Doughnuts Market market – Competition Analysis
The global Doughnuts Market market is seeing several joint ventures to intensify the capability of manufacturers and/or companies to establish geographic footprints to new territory. The vendors are accelerating M&A strategies to expand their geographical reach, which is shaping the market toward new growth cycle. The list of players that are profiled in the study are Dunkin’ Brands Group, Inc (United States), Krispy Kreme Doughnuts, (United States), Tim Hortons Inc (Canada), J.CO Donuts & Coffee (Indonesia), Mad Over Donuts (Singapore), Mister Donut (Japan), Go Nuts Donuts (Philippines), Donut King (Australia), Honey Dew Donuts (United States), Daylight Donuts (United States).
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Doughnuts Market
Market Drivers
- Rising disposable incomes and changing consumer preferences for indulgent and convenient snacks
- Growth of the foodservice industry and increasing demand for bakery products in cafes and restaurants
Market Trend
- Increasing demand for gourmet and artisanal doughnuts with unique flavors and ingredients
- Growing popularity of vegan and gluten-free doughnuts to cater to dietary restrictions and preferences
Market Opportunities
- Expansion into untapped markets, including emerging economies with growing middle-class populations
- Introduction of new flavors and varieties to cater to changing consumer tastes and preferences
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What key data is demonstrated in this Doughnuts Market market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the Doughnuts Market market between 2023 and 2028
- Precise estimation of the size of the Doughnuts Market market and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behaviour
- Value in dollar term and growth of the market industry across APAC, Europe, North America, South America, and Middle Eastand Africa; further broken down by major country within region.
- Thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of Doughnuts Market market players
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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
- Political (Political policy and stability as well as trade, fiscal, and taxation policies)
- Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
- Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
- Technological (Changes in digital or mobile technology, automation, research, and development)
- Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
- Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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