Doughnuts Market Report 2024 (Global Edition)

Global Doughnuts Market Report 2024 Market Size Split by Type (Cake Style, Yeast Style), by Application (Food Service, Retail Stores), by Distribution Channel (Supermarkets/Hypermarkets, Convenience S...

Doughnuts Market Report Description

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Doughnuts Market Insights Video

Competitive Landscape of the Doughnuts Market

In the competitive landscape of the doughnut market, several key players are vying for market dominance and consumer attention. Established global brands such as Dunkin', Krispy Kreme, and Mister Donuts maintain a significant presence, leveraging their brand recognition and expansive networks of outlets to cater to a wide customer base.

Doughnuts Industry News:

• June 2020: Restaurant Brands International, Inc., operating under the Tim Hortons brand, has revealed its plans to introduce a fresh lineup of handcrafted doughnuts called Dream Donuts in the United States. This new addition to their product portfolio aims to expand their offerings while providing their valued customers with high-quality donuts made from unique ingredients.
• October 2022: McDonald's will include Krispy Kreme doughnuts as part of their menu experiment at nine locations. The doughnuts, comprising of three different varieties - original glazed, chocolate iced with rainbow sprinkles, and raspberry-filled - will be delivered fresh daily from one of Krispy Kreme's three restaurant locations in the Louisville market.

Top Companies Market Share in Doughnuts Industry: (In no particular order of Rank)

• Cinnabon
• Country Style
• Dough
• Bimbo Bakeries
• Glory Hole Doughnuts
• Honey Dew Donuts
• J.CO DONUTS & COFFEE
• Jelly modern doughnuts
• LaMar's Donuts
• Mad Over Donuts
• Maple Donuts
• McDonald's
• Starbucks
• Sugar Shack Donuts
• THE DOUGHNUT TIME
• Winchell's Donut House
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

In terms of revenue, the North American Doughnut market share was 38% of the total market

Cognitive Market Research shows North America is the largest and most influential region, commanding a substantial 38% market share. This prominence is largely attributed to the robust demand for delectable pastries and changing consumer tastes, making doughnuts a beloved snack choice across the continent. Within North America, the United States stands out as the dominant country in the doughnut market. The nation's affinity for doughnuts is deeply ingrained in its culinary culture. American consumers have a penchant for various doughnut styles, from classic glazed to innovative and gourmet flavors. The presence of well-established doughnut chains, local bakeries, and specialty doughnut shops has further fueled the market growth. Moreover, the culture of coffee paired with doughnuts, often enjoyed as a morning or afternoon delight, has become a daily ritual for many Americans. This cultural alignment has significantly contributed to the sustained demand for doughnuts in the USA.

The Asia Pacific region is the fastest-growing market, boasting a 22% market share. This growth can be attributed to the region's large and diverse population, rapid urbanization, and the increasing influence of Western food culture. Doughnuts once considered a Western indulgence, have found a strong foothold in Asia Pacific countries due to changing consumer tastes and preferences. The market has experienced a surge in demand, driven by rising disposable income, urbanization, and the growing trend of cafes and bakeries, which often feature a variety of innovative and exotic doughnut flavors to cater to the evolving palate of consumers. The market's expansion is driven by the fusion of global culinary trends with local flavors, making doughnuts a popular choice among consumers seeking indulgence and novelty. 

The current report Scope analyzes Doughnuts Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Doughnuts Market

North America Doughnuts Market Analysis:

Cognitive Market Research shows North America is the largest and most lucrative region, commanding a substantial 38% market share. This dominance is significantly attributed to the United States, a country where the doughnut culture has become deeply ingrained in the culinary preferences of its citizens. The United States stands out as the dominant player. Several factors contribute to its supremacy. Firstly, the country boasts a robust and well-established network of doughnut chains and independent bakeries, offering consistency and quality to consumers. In conclusion, the robust doughnut market in North America, particularly in the United States, is a testament to the region's diverse culinary landscape, consumer preferences, and the innovative prowess of its bakers, making it the leading force in the global doughnut industry.

Europe Doughnuts Market

Europe Doughnuts Market Analysis:

According to Cognitive Market Research, Europe's doughnut market, a delightful confluence of tradition and innovation defines the industry. With a substantial 32% market share, Europe's doughnut market reflects the region's rich culinary heritage and diverse palates. Across the continent, from the bustling streets of Paris to the quaint bakeries in Prague, doughnuts have found their special place among the gastronomic delights. Europe's doughnut market is its vibrant café culture. European cities have charming cafes and patisseries enticing locals and tourists with doughnuts. The region's emphasis on high-quality ingredients and artisanal craftsmanship has also elevated the doughnut-making process into an art form. In conclusion, with its 32% market share, Europe's doughnut market embodies a harmonious fusion of tradition and innovation, capturing the essence of European culinary excellence.

Asia Pacific Doughnuts Market

Asia Pacific Doughnuts Market Analysis:

According to Cognitive Market Research, Asia Pacific is the fastest-growing market, boasting a 22% market share. This growth can be attributed to the region's large and diverse population, rapid urbanization, and the increasing influence of Western food culture. Doughnuts once considered a Western indulgence, have found a strong foothold in Asia Pacific countries due to changing consumer tastes and preferences. One prominent segment contributing to this growth in the Asia Pacific Doughnuts market is the premium and gourmet doughnuts category. This segment targets urban consumers, especially millennials and young professionals, willing to indulge in high-quality, artisanal, and creatively crafted doughnuts. In conclusion, the Asia Pacific doughnut market's rapid growth at 22% reflects the region's evolving culinary landscape and consumers' increasing willingness to explore diverse and premium dessert options. The market's expansion is driven by the fusion of global culinary trends with local flavors, making doughnuts a popular choice among consumers seeking indulgence and novelty.

South America Doughnuts Market

South America Doughnuts Market Analysis:

According to Cognitive Market Research, South America's culinary tapestry, the doughnut market shines as a sweet and delectable delight, albeit with a modest 5% market share. South America's doughnut market is a testament to the region's love for flavors, colors, and festivities. While not as dominant as other markets, it brings an exuberant and colorful touch to the global doughnut landscape. The market in South America boasts a unique blend of traditional flavors and local twists, where the doughnut is transformed into a delectable fusion of sweet, savory, and sometimes spicy. The South American doughnut market thrives in local bakeries, food stalls, and street markets, where they are lovingly prepared and served as a snack or treat for families and friends. The allure of these treats extends to local festivities, and doughnuts are often prominently featured during celebrations and fiestas.

Middle East and Africa Doughnuts Market

Middle East and Africa Doughnuts Market Analysis:

According to Cognitive Market Research, in The Middle East and Africa, the doughnut market has carved out a niche with a 3.00% market share, reflecting the region's evolving culinary preferences. Doughnuts, once considered a Western indulgence, have seamlessly integrated into Middle Eastern and African gastronomy, blending local flavors with the universal love for fried pastries. The Middle East and Africa doughnut market caters to a broad demographic, from bustling urban centers to quaint villages. Local bakeries, street vendors, and upscale dessert parlors all contribute to the accessibility and popularity of doughnuts in the region. In conclusion, despite its relatively modest share, the Middle East and Africa's doughnut market reflects the region's openness to global culinary influences. It showcases the adaptability of traditional treats to modern tastes, emphasizing the universality of the beloved doughnut in a culturally diverse market.

Doughnuts Market Analysis

Doughnuts Type Segment Analysis

According to Cognitive Market Research, the dominant category is the Cake Style Doughnuts. These doughnuts are known for their denser texture and rich, flavorful taste, making them a favorite among consumers who prefer a heartier and more indulgent treat. Cake Style Doughnuts often come in various flavors, coatings, and toppings, appealing to a wide range of tastes. Their popularity is also attributed to their versatility, as they can be easily customized with different fillings, glazes, and decorations, catering to diverse consumer demands. 

The fastest-growing category in the doughnuts market is the yeast-style doughnuts. These doughnuts are lighter and fluffier and typically have a hollow center. The rising demand for Yeast Style Doughnuts can be attributed to their versatility and ability to accommodate various flavors and fillings. They are often favored for their delicate texture and how they melt in the mouth, providing a delightful eating experience. Yeast-style doughnuts appeal to health-conscious consumers when baked or prepared with healthier ingredients and fillings. Their growing popularity can also be linked to innovative toppings and fillings, such as gourmet creams, exotic fruits, and unique spices, which enhance their appeal among consumers seeking novel and gourmet doughnut options.

• Cake Style
• Yeast Style

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Doughnuts Industry. Request a Free Sample PDF!

Doughnuts Application Segment Analysis

The dominant category in terms of application is Food Service. Doughnuts have become a staple in various food service establishments, including cafes, restaurants, bakeries, and specialty doughnut shops. Their popularity in food service is due to their convenience as grab-and-go snacks or breakfast items. Food service establishments often provide doughnut flavors and styles to cater to diverse customer preferences. Doughnuts served in food service settings are freshly made, enticing customers with their aroma and visual appeal.

According to Cognitive Market Research, Retail Stores are The fastest-growing category in the Doughnuts market. Retail stores include supermarkets, grocery stores, convenience stores, and specialized doughnut retail outlets. The growth of doughnut sales in retail stores can be attributed to consumer demand for packaged and ready-to-eat doughnut products. Retailers often offer packaged assortments of doughnuts in various flavors, sizes, and quantities, catering to consumers looking for convenient home-consumption options. The availability of pre-packaged and branded doughnuts in retail stores has made it easier for consumers to enjoy these treats at home or on the go. 

• Food Service
• Retail Stores

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Doughnuts Distribution Channel Segment Analysis

• Supermarkets/Hypermarkets
• Convenience Stores
• Specialty Stores
• Online Retail

Author's Detail

Nisha Deore

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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