Colombia Doughnut Market Report and Forecast 2024-2032

Colombia Doughnut Market Outlook

The Colombia doughnut market size is expected to grow at a CAGR of 6.10% between 2024 and 2032. The market is being driven by the increasing popularity of doughnuts, expansion of leading chains, and rising demand for custom doughnuts.

Key Trends in the Market

A doughnut, also known as donut, is a type of food that is typically sweet and prepared from fried dough that has been leavened. Doughnuts are commonly in a ring or ball shape, and are prepared from ingredients such as sugar, flour, salt, leavening agent, water, milk solids, and eggs. Frosting and glazes can be added on top of the doughnuts and fillings can also be inserted.

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• Introduction of new flavours is a growing trend that is increasing the interest of consumers in doughnuts. New and innovative flavours such as apple cider and pumpkin spice are further fuelling the doughnut market in Colombia.

• Availability of doughnuts on online food platforms is making it a convenient food product as consumers are able to order from the comfort of their homes, contributing to the growth of the Colombia doughnut market.

• Rising health consciousness among consumers all across Colombia is resulting in increased consumption of healthier version of doughnuts such as gluten-free, vegan, and low-carb doughnuts.

Market Analysis

Based on type, the market is segmented into yeast doughnuts, and cake doughnuts, among others. On the basis of end use, the market is divided into food service, and retail, among others.

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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Colombia doughnut market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Dunkin Donuts LLC

• Krispy Kreme, Inc.

• Grupo Bimbo

• Starbucks Corporation

• Little Debbie

• Others

Market Share by Type

Yeast doughnuts account for a sizable share of the Colombia doughnut market owing their characteristics such as light and fluffy along with use of less fat and flour, and less sugar. While cake doughnuts require a chemical leavener, yeast doughnuts use yeast, which reduces the number of chemicals in the doughnut. Additionally, yeast doughnuts tend to have fewer calories than cake doughnuts which is attracting a number of weight and health conscious consumers in Colombia.

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Market Share by End Use

Retail end uses occupy a significant share in the doughnut market in Colombia owing to the convenience offered to the consumers. Doughnuts can easily be ordered and purchased from retail outlets and consumed at any time and at any location. Online retail is further increasing the sales of doughnuts through retail channels as home delivery reduces the need for consumers to travel to a store. From retail outlets, doughnuts can be purchased in bulk and their packaging helps in maintaining longer shelf life of the doughnuts thereby increasing the demand for doughnuts.

Competitive Landscape

Dunkin Donuts LLC is a food and beverage company that was founded in 1950. The company is headquartered in Massachusetts in the United States and offers baked goods, doughnuts, and ice creams, among others.

Krispy Kreme Inc. was established in 1937 and has its headquarters in North Carolina in the United States. This bakery company specialises in offering premium quality sweet treats to its consumers.

Grupo Bimbo was founded in 1945 and is currently based in Mexico City, Mexico. This food manufacturing company is involved in the manufacturing, distribution, and sales of baked food products.

Other market players include Starbucks Corporation, and Little Debbie, among others

Key Highlights of the Report