Doughnuts Market By Distribution Channel (Supermarkets/Hypermarkets, Specialty Store, Convenience Store, Online Retail) by Type (Yeast Doughnuts, Cake Doughnuts): Growth, Future Prospects & Competitive Analysis, 2015 - 2027

Market Insights

The Doughnuts Market is expected to cross-market value of USD 5,632.5 million in 2027 from USD 7,716.4 million in 2020. It is expected to grow at a CAGR of over 4.5% during the forecast period.

Global Doughnuts Market

Key Market Drivers and Restraints

Rising preference for ready-to-bake products and convenience food ingredients among individuals are major factors expected to drive the growth of the global market. Also, the growing number of stores and retail outlets is a factor expected to drive the growth of the global doughnuts market. In addition, an increasing number of food service outlets is expected to fuel the growth of the global market. Also, increasing demand for doughnut shops, quick-service restaurants, and coffee shops due to the growing preference for food and beverages such as hot beverages and fresh baked goods.

Global Doughnuts Market

However, the availability of different bakery products as a substitute is expected to hamper the growth of the global doughnut market. In addition, increasing health consciousness among the population in urban cities is another factor expected to restrain the global market growth.

Impact of COVID 19

COVID-19 will continue to impact the food industry and its supply chains. The COVID-19 pandemic has the possibility to drive important change to the food and beverage supply chain. There is a significant possibility that infectious viruses will add difficulty to how industrialized systems are laid out to provide extra social distancing and monitoring. Increasing demand for fresh foods, warehousing, and services needs to be in faster proximity to customer markets, where real estate prices play a major factor in the overall cost of ownership.

Global Doughnuts Market

North America to Dominate the global Doughnuts Market.

North America had the largest market share in the doughnuts market in 2020, and the region will offer several growth opportunities to market vendors over the forecast period. Increasing snacking and indulgence consumption will considerably influence doughnuts market growth in this region. The US continues to be the most cost-effective country when it comes to organic doughnuts. However, European countries such as the UK, Germany, France, and Italy are potentially profitable, as doughnuts have been a part of the culture.

Global Doughnuts Market

Online Retail leads the global Doughnuts Market.

Supermarkets/Hypermarkets, Specialty stores, Convenience stores, and Online Retail are the key distribution channel in the doughnuts market. In 2020, the Online Retail segment accounted for the largest share of the doughnuts market. However, the Supermarkets/Hypermarkets segment is anticipated to grow at the fastest CAGR during the forecast period.

Yeast doughnuts would continue to dominate the global market in terms of Type.

Yeast doughnuts and cake doughnuts are some of the significant types of Type. The stimulant segment accounted for the largest share 2020 of the Doughnuts Market in 2020. Yeast doughnuts are preferably used in the bakery industry to enhance the product's nutritional values, which is a factor expected to support the growth of the global market.

Global Doughnuts Market

Frequently asked questions about global Doughnuts market

The risk associated with person-to-person transmission of COVID-19 in the food industry is low due to the regulatory and third-party audit Good Manufacturing Practices requirements that specifically address the exclusion of persons with any infectious diseases from the food-processing environment.”

Yeast Doughnuts and Cake Doughnuts are the most frequently through Doughnuts

Dunkin’ Brands, Krispy Kreme Doughnuts, Mister Donut, J.CO Donuts, Mad Over Donuts, Doughnut Time, McDonald’s, Starbucks, Donut King, Go Nuts Donuts are key players operating in this market

Online Retail Distribution Channel offers tremendous opportunities to players

North America has the largest share owing to high number of fast food chains and preference for convenient food.

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Published Date:  May 2021
Category:  Food & Beverage
Report ID:   60346
Report Format:   PDF
Pages:   120
Rating:    4.2 (68)
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