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Latin America Doughnut Market Size, Share, Growth, Forecast: By Type: Yeast Doughnuts, Cake Doughnuts, Others; By End Use: Food Service, Retail, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Latin America Doughnut Market Outlook
The Latin America doughnut market size is expected to grow at a CAGR of 5.50% between 2023 and 2028. The market is being driven by the rising popularity of doughnuts, availability of a wide variety, and introduction of new flavours.
Key Trends in the Market
A doughnut or donut is a fried food that is typically sweet and prepared from leavened dough. Doughnuts are generally in the shape of a ring or ball, with optional filling within and often topped with a glaze. Common ingredients of doughnuts are flour, sugar, leavening agent, milk, eggs, and salt.
- Increasing interest in doughnuts across various countries in Latin America and rising disposable income of consumers are fuelling the growth of the Latin America doughnut market and heightening the demand for premium doughnuts.
- Customisation of doughnuts is a growing trend where consumers can choose the shape, flavour, fillings, and glaze of their doughnuts. These custom doughnuts are popular for gifting and general purchasing.
- Rising trend of advertising doughnuts on the social media platforms using visually appealing images have increased their visibility and demand among consumers of various ages, particularly doughnuts in new flavours and variations.
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. By country, the doughnut market in Latin America is categorised into Brazil, Argentina, Mexico, Chile, and Colombia, among others.
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 Latin America doughnut market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Dunkin Donuts LLC
- Krispy Kreme, Inc.
- Grupo Bimbo
- Hostess Brands
- Starbucks Corporation
- Little Debbie
- Others
Market Share by End Use
Retail segment, based on end use, is growing rapidly in the Latin America doughnut market owing to growing popularity of doughnuts as a snack item. Consumers can easily purchase larger volumes of doughnuts at lower costs through retail outlets and choose from a wide range of options. Moreover, expansion of online retail outlets are increasing the convenience of purchasing doughnuts through retail as buyers can receive desired doughnuts directly at home. Meanwhile, food service end uses are anticipated to witness steady growth in the coming years as doughnuts are becoming a popular breakfast item served in several restaurants and cafes.
Competitive Landscape
Dunkin Donuts LLC was founded in 1950 has its headquarter located in Massachusetts in the United States. This food coffee and doughnut company produces coffees, a wide range of doughnuts, and other baked goods for consumers globally.
Hostess Brands is a bakery company that was founded in 2013. The company is headquartered in Kansas in the United States and produces snack cakes, wafers, doughnuts, and cookies, among other products, with quality packaging for bulk items.
Starbucks Corporation was established in 1971 and has its headquarters located in Washington in the United States. This multinational coffeehouse company with branches worldwide offers cold coffees, hot drinks, and hot breakfast items, among others, to consumers.
Other market players include Krispy Kreme, Inc., Grupo Bimbo, and Little Debbie, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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 Country |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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
7 Opportunities and Challenges in the Market
8 Global Doughnut Market Overview
8.1 Key Industry Highlights
8.2 Global Doughnut Historical Market (2018-2022)
8.3 Global Doughnut Market Forecast (2023-2028)
8.4 Global Doughnut Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Latin America Doughnut Market Overview
9.1 Key Industry Highlights
9.2 Latin America Doughnut Historical Market (2018-2022)
9.3 Latin America Doughnut Market Forecast (2023-2028)
10 Latin America Doughnut Market by Type
10.1 Yeast Doughnuts
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Cake Doughnuts
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 Others
11 Latin America Doughnut Market by End Use
11.1 Food Service
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Retail
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 Others
12 Latin America Doughnut Market by Country
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Chile
12.4.1 Historical Trend (2018-2022)
12.4.2 Forecast Trend (2023-2028)
12.5 Colombia
12.5.1 Historical Trend (2018-2022)
12.5.2 Forecast Trend (2023-2028)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Dunkin Donuts LLC
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Krispy Kreme, Inc.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Grupo Bimbo
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Hostess Brands
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Starbucks Corporation
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Little Debbie
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Doughnut Market: Key Industry Highlights, 2018 and 2028
2. Latin America Doughnut Market: Key Industry Highlights, 2018 and 2028
3. Latin America Doughnut Historical Market: Breakup by Type (USD Million), 2018-2022
4. Latin America Doughnut Market Forecast: Breakup by Type (USD Million), 2023-2028
5. Latin America Doughnut Historical Market: Breakup by End Use (USD Million), 2018-2022
6. Latin America Doughnut Market Forecast: Breakup by End Use (USD Million), 2023-2028
7. Latin America Doughnut Historical Market: Breakup by Country (USD Million), 2018-2022
8. Latin America Doughnut Market Forecast: Breakup by Country (USD Million), 2023-2028
9. Latin America Doughnut Market Structure
Key Questions Answered in the Report
The market is expected to grow at a CAGR of 5.50% between 2023 and 2028.
The major drivers of the market are increasing popularity of doughnuts, expansion of local and international doughnut brands, and introduction of new flavours.
The key trends of the market are growing innovations, rising health consciousness, increasing advertising and promotions, and customisation of doughnuts.
The significant types of doughnuts in the market are yeast doughnuts, and cake doughnuts, among others.
The primary end uses of doughnuts are food service, and retail, among others.
The major countries in the doughnut market in Latin America are Brazil, Argentina, Mexico, Chile, and Colombia, among others.
The recommended shelf-life of doughnuts depends on the baking process and any preservation methods used. Freshly baked doughnuts without cream typically have a shelf-life of 1-2 days at room temperature, and around 1 week when refrigerated.
The key players in the Latin America doughnut market, according to the report, are Dunkin Donuts LLC, Krispy Kreme, Inc., Grupo Bimbo, Hostess Brands, Starbucks Corporation, and Little Debbie, among others.
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