Global Doughnuts Market Outlook 2024: Global Opportunity and Demand Analysis, Market Forecast, 2016-2024

Market Overview

Doughnuts are made from fried dough confectionery also known as olykoek which means oil cakes that are generally used as dessert foods. Doughnuts are made either in home or purchased from outlets. They are sweet snack that are very popular among kids and youngsters.

There are different varieties of doughnuts available such as oil fashioned doughnuts, glazed doughnuts, crueler doughnuts, chocolate doughnuts, jelly doughnuts etc. The key vendors are also making different kinds of doughnuts such as recently Dunkin Doughnuts has announced a new doughnut to add permanently in its doughnuts bakery menu named as Croissant doughnuts.

The market of doughnuts in Asia Pacific reached USD 8 billion in 2016 and the market is anticipated to reach USD 9.50 billion by 2024 leading Asia pacific to be the second largest region after North America. The major factor that is driving the growth of the market is increase in disposable income of people, gaining popularity among kids and youngsters etc. However, there are some factors that restrict the market from growing such as adoption of healthy lifestyle.

Global Doughnut Market Segmentation

On the basis of products

• Yeast Doughnuts
• Cake Doughnuts

On the basis of types

• Strawberry frosted doughnuts
• Cinnamon-Sugar Doughnuts
• Jelly Doughnuts
• Marble-Frosted Doughnuts.
• Apple-Crumb Doughnuts
• Blueberry Doughnuts
• Chocolate cream-Filled Doughnuts
• Crueler doughnuts

By Region

• North America (US, Canada) {Market Share (%), Market Size (USD Billion)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)}
• Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion)}
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion)}
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion)}
• Rest of the World{Market Share (%), Market Size (USD Billion)}

Market Size and Forecast (2016-2024)

The global doughnuts market accounted for USD 40.0 billion in 2016 and the market is projected to reach around USD 55.0 billion by 2024, growing at a CAGR of 5.2% over the forecast period (2016-2024).

On the basis of products, yeast doughnuts are dominated the global doughnuts market with a share of 65% in 2016 due to  their availability and rising number of doughnut outlets

Geographically, North America region generated the largest market share of 49.2% in 2016 in global doughnuts market. Rapid urbanization in Canada is creating opportunities for food outlets such as doughnuts outlets, fast food outlets and others. Hectic lifestyle of the population in the United States is one of the major factor which is propelling the demand for doughnuts in the country. Ease of availability, low cost of doughnuts, and rising trend of ready to serve food are some of the major reasons which is increasing the revenue of doughnuts vendors in the country.. The doughnuts market in Asia-Pacific region is expected to account  revenue of USD 9.5 billion by 2024 on the back of rapid urbanization and rising trend of fast food outlets.

Key Trends and Growth Drivers

Doughnuts are a sweet snack that are available almost all bakery stores. The key factors which are driving the growth of global doughnuts market are:

• Accelerating habit of munching
• Changing lifestyle of the population in urban cities
• Rising popularity of low calorie snacks such as doughnuts
• Increasing number of baking shops and outlets

Barriers to Donuts Market Growth

There are some factors mentioned below which are hampering the growth of global doughnuts market.

• Rising health consciousness among the population living in urban cities
• Availability of different types of bakery products
• Consumer are reluctant towards new bakery product in various developing countries

Opportunities

Doughnut vendors are attracting more customers by introducing discounted meals. Moreover, offering of multiple food products in doughnut outlets is one of the major factor which helps increasing the number of visits in doughnut outlets. These strategies are increasing the popularity among the consumers and revenue of doughnuts vendors.

Key Market Players

• 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 & COFFEE
• Jelly modern doughnuts
• LaMar's Donuts
• Mad Over Donuts
• McDonald's
• Sugar Shack Donuts
• Starbucks
• THE DOUGHNUT TIME
• Winchell's Donut House

Click here for market report sample that will help you get a detailed overview.

What does this market study cover?

Market Synopsis

Market Segmentation

The global doughnuts market is segmented as follows:

• On the basis of products (Market Size, Demand Analysis and Growth Analysis)
• On the basis of types (Market Size, Demand Analysis and Growth Analysis)

Global Doughnuts Market Report covered insights of below mentioned regions:

• North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis)
• Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis)
• Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis)
• Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis)
• Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis)
• Rest of World {Market Size, Growth Analysis and Opportunity Analysis)

Market Dynamics: Growth Drivers, Restraints and Opportunities

• Risk Factors
• Regional Variations
• Recent Trends and Developments

Key Market Players

• Synopsis
• Business Strategy
• Product Portfolio
• SWOT Analysis

Porter’s Five Force Model

Market Landscape: Competition and Beyond

Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem

Expert Analysis

Concluding Remarks