Global Doughnuts Market to Grow at a CAGR of 3.8% During 2024-2032, Aided by the Rising Popularity of Low-Calorie Snacks Among Health Conscious Consumers

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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Market Breakup by Type, End Use, Distribution Channel and Region:

• The market, on the basis of type, can be divided into yeast doughnuts, and cake doughnuts.

• Based on end use, the market can be divided into food service and retail.

• The market, on the basis of distribution channel, can be divided into hypermarkets and supermarkets, speciality stores, and online, among others.

• The major regional markets for doughnuts include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global doughnuts market demand is being driven by the introduction of new and healthier varieties with reduced fat by vendors. This appeal to health-conscious consumers is contributing to expansion of the market.

• An increase in infrastructure development in emerging economies, including the construction of new airports and highways, provides an opportune environment for leading coffee chains to expand their presence. The elevated frequency of travel to popular destinations, whether by road or air, has contributed to a rise in the consumption of coffee and doughnuts among consumers.

• There is an increasing popularity of high-end doughnuts made from seasonal jams and premium ingredients among affluent customers, especially in countries like the United States.

Key Offerings of the Report:

• The EMR report gives an overview of the global doughnuts market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the types, end uses, distribution channels, and major regions of doughnuts.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

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.

Key Highlights of the Report

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