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Global Doughnuts Market Share, Analysis, Growth, Forecast: By Type: Yeast Doughnuts, Cake Doughnuts; By End Use: Food Service, Retail; By Distribution Channel: Hypermarkets and Supermarkets, Specialty Stores, Online, Others; Regional Analysis; Market Dynamics; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Doughnuts Market Outlook
The global doughnuts market would likely grow at a CAGR of 3.8% during 2024-2032. Doughnuts (also donuts) are a pleasant sweet treat made of fried dough; generally deep-fried in oil, doughnuts may be ring shaped, with or without a hole. Often, doughnuts without holes are filled with cream or jelly. It is reported that a significant percentage of fast-food consumers consume doughnuts. Asia, North America and Europe are likely to be key markets.
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Global Market Likely to be Driven by Premium Offerings and Consumer Demand for Convenience Foods
More than ten billion doughnuts are reportedly produced in USA every year. Several fast-food chains produce doughnuts, making the American doughnut industry fairly large. Canada also has a significant market for doughnuts. Doughnuts are also very popular in Boston. It is suggested that doughnuts are a popular snack among professionals who have to work long and odd hours. There is a variety of flavours that doughnuts come in across the globe. Doughnuts in Europe are relatively soft and have a more delicate structure; these are seen as a ‘cake’ item to be consumed with coffee during a break or with tea in the afternoon. On the other hand, doughnuts are considered a morning snack in the USA, with a more ‘bread-like’ structure.”
The popularity of larger doughnut companies inspired several smaller stalls and independent bakeries to include doughnuts as an offering in their menus; such developments are likely to boost the global doughnuts market.
Doughnuts form Part of Holiday Celebrations
In the USA, along with some other countries, the first Friday of every June is celebrated as National Doughnut Day. National Doughnut Appreciation Day is celebrated every year on November 5. Two holidays – Halloween and New Year’s Eve – are particularly celebrated with doughnuts. It is reported that doughnut sales peak on Saturdays. Interestingly, the most expensive doughnut in the world is called the Golden Cristal Ube, and is covered in 24-karat gold; it is filled with champagne and topped with 24-karat gold. It costs nearly $100 per piece. Some distinct doughnut flavours include Champagne, Wasabi Cheese, Southern Spice, Poi, Bubble Gum, Rosemary Olive Oil, Chicken & Waffle, and Psycho Psushi.
Interesting Flavours Likely to Boost Market Growth
Doughnut serving companies seek to offer interesting flavours and experiment with new recipes. For example, companies like Crosstown doughnuts offer a variety of flavours, including salted caramel, chocolate and chilli cream. Doughnuts are judiciously styled with high-quality glazing and toppings to appear playful and colourful.
The doughnut segment represents fun and light-heartedness, enabling producers to play and experiment with toppings and flavours. Popular flavour combinations include brownie & raspberry, strawberry & pistachio, and lime & cream cheese. Such offerings are likely to boost the global doughnuts market.
High-end Doughnuts are Gaining Popularity
Expensive doughnuts are gaining popularity in USA. High-end doughnuts made with seasonal jams becoming more popular. Growing use of high-quality ingredients indicates the premiumisation of the sweet bakery market.
In countries like India, the doughnut business is creating a niche.
Companies are Looking to Foster new Association to Draw Attention of Customers
Leading companies are trying to experiment with new items including doughnuts on their menus to draw customer attention. For example, in 2023, it was reported that McDonald’s would sell Krispy Kreme doughnuts at nine locations in Kentucky to determine how associating with Krispy Kreme would impact its operations. Such developments are likely to help the growth of the global doughnuts market.
Market Segmentation
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By type, the market is likely to be classified into:
- Yeast Doughnuts
- Cake Doughnuts
By end use, the market is divided into:
- Food Service
- Retail
By distribution channel, the market is segmented into:
- Hypermarkets and Supermarkets
- Specialty Stores
- Online
- Others
By region, the market is classified into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Industry Players in the Market
The report offers an extensive assessment of major players in the global doughnuts market; it evaluates their capability, observes latest occurrences such as mergers and acquisitions, capacity expansions, and plant turnarounds:
- Dunkin' Donuts LLC
- Krispy Kreme Doughnut Corporation
- Mister Donut
- J.CO Donuts & Coffee
- McDonald's Corporation
- Starbucks Corporation
- Round Rock Donuts, LLC
- Dough Beings.
- Federal Donuts
- Others
Key Highlights of the Report
| 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:
|
| Breakup by Type |
|
| Breakup by End Use |
|
| Breakup by Distribution Channel |
|
| 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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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Doughnuts Market Analysis
8.1 Key Industry Highlights
8.2 Global Doughnuts Historical Market (2018-2023)
8.3 Global Doughnuts Market Forecast (2024-2032)
8.4 Global Doughnuts Market by Type
8.4.1 Yeast Doughnuts
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Cake Doughnuts
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.5 Global Doughnuts Market by End Use
8.5.1 Food Service
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Retail
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032
8.6 Global Doughnuts Market by Distribution Channel
8.6.1 Hypermarkets and Supermarkets
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Specialty Stores
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Online
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Doughnuts Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2023)
8.7.5.3 Forecast Trend (2024-2032)
9 North America Doughnuts Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Doughnuts Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Doughnuts Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Doughnuts Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Doughnuts Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Dunkin' Donuts LLC
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Krispy Kreme Doughnut Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Mister Donut
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 J.CO Donuts & Coffee
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 McDonald's Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Starbucks Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Round Rock Donuts, LLC
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Dough Beings.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Federal Donuts
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Doughnuts Market: Key Industry Highlights, 2018 and 2032
2. Global Doughnuts Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Doughnuts Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Doughnuts Historical Market: Breakup by End Use (USD Million), 2018-2023
5. Global Doughnuts Market Forecast: Breakup by End Use (USD Million), 2024-2032
6. Global Doughnuts Historical Market: Breakup by Distribution Channels (USD Million), 2018-2023
7. Global Doughnuts Market Forecast: Breakup by Distribution Channels (USD Million), 2024-2032
8. Global Doughnuts Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Doughnuts Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Doughnuts Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Doughnuts Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Doughnuts Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Doughnuts Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Doughnuts Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Doughnuts Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Doughnuts Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Doughnuts Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Doughnuts Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Doughnuts Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Doughnuts Market Structure
Key Questions Answered in the Report
The market for doughnuts is projected to grow at a CAGR of 3.8% between 2024 and 2032.
The major drivers of the market include rising disposable income, development of new product categories, expanding retail platforms, growing trend of ready-to-eat foods, and growing number of smaller stalls and independent bakers.
The rising demand for doughnuts among consumers of all ages, and an expanding variety of flavours, ingredients, and textures are the key industry trends propelling the growth of the market.
The major regions in the global doughnuts market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Based on type, the market can be bifurcated into yeast doughnuts and cake doughnuts.
On the basis of end use, the market can be segmented into food service and retail.
By distribution channel, the market is divided into hypermarkets and supermarkets, speciality stores, and online, among others.
The major players in the market are 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.
Although foods resembling doughnuts have been discovered at numerous ancient locations, the oldest known origins of the contemporary doughnut can be found in the olykoek ("oil(y) cake") Dutch settlers brought to early New York in the United States.
Doughnuts are typically made of a batter, containing ingredients such as flour, yeast, water, eggs, sugar, milk, oil, shortening, and flavouring, combined with different toppings and flavours, like sugar, chocolate, or maple glaze.
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