Global Doughnuts Market Size To Grow At A CAGR Of 3.8% In The Forecast Period Of 2023-2028
Doughnuts Market Report and Forecast 2023-2028
The ‘Doughnuts Global Market, Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global doughnuts market, assessing the market on the basis of its segments like types, end uses, distribution channels and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Doughnuts Market Size, Share, Trends, Industry, Key Player, Report and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 3.8%
The expansion of the global doughnuts market over the past few years has been largely attributed to factors such as rising disposable income, increasing demand for doughnuts among consumers of all ages, and an ever-expanding variety of flavours, ingredients, and textures.
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Development of new product categories is a top priority for participants and sellers in the global doughnut market as they work to increase their customer base.
Glazed doughnuts, jelly doughnuts, chocolate doughnuts, old-fashioned fried doughnuts, filled doughnuts, crueller doughnuts, among others, are some of the most popular product kinds produced by companies in the global doughnuts market. Recent increases in demand for doughnuts are being accompanied by an expansion in the number of convenience stores that sell doughnuts, both in developed and developing economies.
The popularity of in-store bakeries in a variety of supermarkets in developed nations has been boosting the market for doughnuts globally. In addition, some of the main factors driving up the revenue of doughnut vendors in various places include their easy accessibility, low cost, and the expanding trend of ready-to-eat foods.
Doughnuts Industry Definition and Major Segments
Doughnuts, also known as donuts, are a sweet delicacy made of fried dough that are generally deep-fried in oil. They can be ring-shaped and have holes or no holes. Doughnuts that don’t have holes are frequently filled with cream or jelly. They are a sweet snack that is highly well-liked by kids and young people. There are many various kinds of doughnuts available, including jelly doughnuts, crueller doughnuts, glazed doughnuts, and oil-fashioned doughnuts, among others.
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Based on type, the market can be bifurcated into:
• Yeast Doughnuts
• Cake Doughnuts
On the basis of end use, the market can be segmented into:
• Food Service
By distribution channel, the market can be divided into:
• Hypermarkets and Supermarkets
• Speciality Stores
On the basis of region, the market is segmented into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Doughnuts Market Trends
The doughnut market emphasises fun and levity, allowing vendors to experiment and have fun with toppings and flavours. Brownie and raspberry, strawberry and pistachio, and lime and cream cheese are all common flavour combinations. Such opportunities will likely increase demand for doughnuts around the world.
Numerous smaller stalls and independent bakers have added doughnuts to their menus as a result of the success of larger doughnut enterprises; such developments are anticipated to increase demand for doughnuts market worldwide.
Doughnuts are available in a range of flavours all around the world. In Europe, doughnuts are viewed as a ‘cake’ item to be taken with coffee during a break or with tea in the afternoon since they are soft and have a more delicate structure. Such factors are driving the doughnuts market.
North America is a leading market for doughnuts at a regional level. Doughnuts which have a more ‘bread-like’ structure, are regarded as a morning snack in the United States. More than ten billion doughnuts are reportedly produced in the United States every year. The United States has a significant doughnut industry due to a number of fast-food franchises. Doughnuts have a big market in Canada as well. Professionals who work long and irregular hours frequently eat doughnuts as a snack.
Key Market Players
The major players in the global doughnuts market report 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.
• Federal Donuts
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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