Press Release
Press Release
Factors such as rising disposable income, the increasing popularity of doughnuts across various age groups, and a growing demand for premium offerings and convenient food choices by consumers are propelling the doughnuts market demand. The low price of doughnuts and the increasing choice of ready-to-consume meals are contributing to the growth of the market expansion.
The expansion of foodservice establishments due to a significant demographic of white-collar professionals and rapid urbanisation has led to an increased demand for a broader network of food service establishments. The rising number of malls and shopping centres has also served as a driving force in the market, prompting numerous new entrants to make substantial investments in distributing doughnuts through these vibrant hubs.
The distinctive flavour and texture of yeast doughnuts have positioned them as a favoured choice among consumers. Notably, the rise in popularity of vegan yeast doughnuts, particularly in developed nations like the United States and Canada, is expected to drive substantial market growth. This trend caters to the growing demand from the expanding vegan consumer base, reflecting an evolving preference for plant-based alternatives.
Expansion of doughnut establishments in countries like the United States is positively influencing the market growth. For instance, in November 2023, Federal Donuts, the chicken-coffee-and-doughnut chain co-founded by chefs Michael Solomonov and Steve Cook, announced its expansion to Las Vegas.
The initial franchise establishment, scheduled to open early next year, will be situated in the food court of the Red Rock Casino Resort & Spa, owned by Station Casinos. Additionally, the company distributes its products through online channels, including the popular platform Amazon (NASDAQ: AMZN).
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The major players in the global doughnuts market include Dunkin' Donuts LLC, Krispy Kreme Doughnut Corporation, Mister Donut, J.CO Donuts & Coffee, McDonald's Corporation, Starbucks Corporation, Round Rock Donuts, LLC, Dough Beings., and Federal Donuts, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by End Use |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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