According to Goldstein Research, “Rising number of quick service restaurants and rising popularity of ready-to-serve food are the key aspects driving the demand for doughnuts.
Humans can’t resist a sugary hunk of fried dough – they just want it at any point of day. Quick service restaurants, like Krispy Crème and Dunkin Donuts sales are up for three consecutive years i.e. 2015 to 2017. From being a breakfast business to treat business, no matter what goes on in the economy, as long as doughnut is delicious, people will buy it. Ready to eat, rich cravings of customers along with the rise of posh doughnuts tends to drive the doughnut market.
Global doughnuts market segmented on the basis of products type such as yeast doughnuts and cake doughnuts. Among these segments, yeast doughnuts market dominated the product segment with a market share of 65% in 2016. Global doughnuts market is expected to reach USD 55.0 billion by the end of the forecast period i.e. 2024..
Geographically, Asia-Pacific doughnuts market accounted USD 8.0 Billion in 2016 and further the market is expected to expand at a CAGR of 6.5% over the forecast period i.e. 2016-2024.
Increasing number of bakery shops: Major boost
Increase in number of bakery shops is a major boost to doughnuts market as doughnuts are mostly available in bakery shops and food outlets. Globally, there are more than 1,000 bakery shops which are increasing rapidly with the rising demand for bakery products. The United States holds the maximum number of bakery shops across the globe. The country alone has more than 480 bakery shops
Making low calorie and half fat doughnuts: Impel
Some of the companies such as Health Food Technologies and Dunkin Donuts are making low calorie doughnuts with almost 50%-70% less fat content in it. Ed Atwell, the owner of Heath Food Technologies has introduced whole wheat doughnuts with low calorie and less fat so that health conscious people cannot stop themselves from having doughnuts.
However, key players across the globe are facing revenue decline due to rising number of local bakery shops and doughnut outlets.
“Global Doughnuts Market Outlook 2024” contains detailed overview of the global doughnuts market in terms of market segmentation by product, by type.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
This market report also includes provides competitive outlook of some of the major players of the global doughnuts market which includes profiling of companies of Dunkin Donuts Daylight Donut Flour Company, Krispy Kreme doughnuts, Mister donuts, Restaurant brands internationals, Cinnabon, Country Style, Bimbo Bakeries, Glory Hole Doughnuts, Honey Dew Donuts, J.CO donuts and coffee, Jelly modern doughnuts, LaMar's Donuts, Mad Over Donuts, McDonald's, Sugar Shack Donuts, Starbucks, The doughnut time, Winchell's Donut House etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global doughnuts market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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