Doughnuts Market Size, Share, Future Growth, 2032

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
The global doughnuts market size was USD 10.84 billion in 2023. The market is projected to expand from USD 11.22 billion in 2024 to USD 15.12 billion by 2032, exhibiting a CAGR of 3.79% during the forecast period.
A doughnut, a small ring-shaped confection, is prepared by frying or baking leavened dough, offering a sweet indulgence. Increasing consumer demand for healthier options prompts brands to introduce innovative products, aligning with preferences for reduced sugar and gluten content, thereby fostering market growth.
𝐆𝐞𝐭 𝐀 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐃𝐅: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/doughnuts-market-104339
𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐌𝐞𝐧𝐭𝐢𝐨𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
• Krispy Kreme, Inc. (U.S.)
• Dunkin' Donuts (U.S.)
• Grupo Bimbo (Mexico)
• McKee Foods Corporation (U.S.)
• Tim Hortons (Canada)
• Shipley Do-Nuts (U.S.)
• Mighty-O Donuts (U.S.)
• Beiler's Doughnuts (U.S.)
• Mister Donut (U.S.)
• Winchell's Donut House (U.S.)
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:
𝐘𝐞𝐚𝐬𝐭𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞 𝐨𝐰𝐢𝐧𝐠 𝐭𝐨 𝐂𝐨𝐧𝐭𝐢𝐧𝐮𝐨𝐮𝐬 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧
In terms of base type, the market is fragmented into yeast doughnut and cake doughnut. The yeast segment is touted to capture a major doughnuts market share. Continuous innovation in flavor combinations, fillings, and toppings for yeast doughnut stimulates consumer interest and contributes to the growth of this segment.
Food Service Channels Segment to Lead the Market owing to Freshness and Customization
In terms of distribution channels, the market is classified into food service channels and retail channels. The food service channels segment is touted to hold the largest doughnut market share. Quick-service restaurants provide freshly made doughnuts with a diverse range of flavors compared to packaged options, appealing to consumers' desire for variety and freshness, thereby fueling the growth of the segment.
In terms of region, the market is categorized into Europe, North America, Asia Pacific, South America, and the Middle East & Africa.
𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.fortunebusinessinsights.com/enquiry/multi-report-purchase/doughnuts-market-104339
𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞:
The report offers key insights on market dynamics, competitive landscape, recent industry developments, regulatory scenarios in critical countries, and emerging industry trends, facilitating informed decision-making in the market.
𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬:
𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐎𝐜𝐜𝐚𝐬𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐝𝐮𝐥𝐠𝐞𝐧𝐜𝐞𝐬 𝐭𝐨 𝐏𝐫𝐨𝐩𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡
Doughnuts' association with special occasions satisfies occasional indulgences, fostering market expansion. Continuous introduction of unique flavors and visually appealing options by industry leaders such as Krispy Kreme in November 2023, attracts consumers seeking novel culinary experiences, stimulating doughnuts market growth.
However, concerns over sugar's health risks, including weight gain and diabetes, drive consumers toward healthier choices, restraining market expansion.
𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐭𝐨 𝐋𝐞𝐚𝐝 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐝𝐮𝐞 𝐭𝐨 𝐇𝐞𝐚𝐥𝐭𝐡-𝐂𝐨𝐧𝐬𝐜𝐢𝐨𝐮𝐬 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧
In 2023, the North American doughnut market was valued at USD 5.85 billion and is anticipated to maintain a substantial market share. The growing emphasis on delicious yet nutritious snacks corresponds with the increasing demand for convenient bakery snacks is propelling growth in the North American market.
The shift toward healthier lifestyles in Europe, evidenced by increasing demand for gluten-free, vegan, and sugar-free baked goods, stimulates market growth as manufacturers respond with innovative offerings such as Dunkin' Donuts' vegan doughnut range in January 2024, meeting the evolving preferences of European consumers.
𝐀𝐬𝐤 𝐅𝐨𝐫 𝐓𝐡𝐞 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧: https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/doughnuts-market-104339
𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:
𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐚𝐫𝐞 𝐅𝐨𝐜𝐮𝐬𝐢𝐧𝐠 𝐨𝐧 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 𝐚𝐧𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐭𝐨 𝐄𝐱𝐩𝐚𝐧𝐝 𝐭𝐡𝐞𝐢𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐁𝐚𝐬𝐞
In the fragmented donut market, industry leaders such as Krispy Kreme and Dunkin Donuts are making significant investments to expand their production capacities and geographic presence. Krispy Kreme's upcoming manufacturing facility in South Florida is a testament to this strategy, intended to bolster its DFD network and supply donuts to a diverse array of retail channels, including McDonald's outlets and grocery stores, driving market growth and strengthening their global footprint.
𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:
𝐎𝐜𝐭𝐨𝐛𝐞𝐫 𝟐𝟎𝟐𝟑: Krispy Kreme partnered with Warner Bros Discovery Global Consumer Products to unveil a range of Scooby-Doo Halloween doughnuts in the U.S. The lineup features themed varieties such as Mystery Machine and Scooby Dooby-Doo, alongside other spooky flavors.

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This release was published on openPR.