Doughnuts Market - 35% of Growth to Originate from North America|Yeast Doughnuts Segment to be Significant for Revenue Generation | 17000+ Technavio Reports
NEW YORK, March 23, 2022 /PRNewswire/ -- The doughnuts market is expected to grow by USD 5.02 billion from 2020 to 2025, progressing at a CAGR of 4% as per the latest market report by Technavio. 35% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for doughnuts in North America. Market growth in this region will be faster than the growth of the market in the European, MEA, and South American regions. Improved living standards and the rise in the number of middle-class families will facilitate the doughnuts market growth in North America over the forecast period.
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Doughnuts Market: Growing number of stores and retail outlets to drive growthThe key factor driving growth in the doughnuts market is the growing number of stores and retail outlets. The culture of socializing at cafés has become popular among urban youth. The increased influx of people to urban areas and a substantially large white-collared demographic segment have necessitated an increase in the number of foodservice outlets. Varied tastes and preferences for different types of food and beverages, such as fresh baked goods and hot beverages, have further led to the emergence of doughnut shops, coffee shops, and quick-service restaurants (QSRs). The growing popularity of malls and shopping centers has also encouraged many new players to invest substantially in the distribution of doughnuts through these centers. The growth in the infrastructure in developing countries, like new airports and highways, also provides scope to major coffee chains for establishing new outlets
Doughnuts Market: Growing demand for healthier doughnuts to be a major trend
The growing demand for healthier doughnuts is a major trend supporting the doughnuts market share growth. Doughnuts are one of the most popular types of pastry consumed in the US, both at home as well as away from home, and the sales of doughnuts accounted for over 20% of the total pastry sales in 2015. However, with changing consumer lifestyles, the demand for healthier varieties like whole grain, high fiber, low-fat, all-natural, and fortified options has gone up. Many people across the globe prefer fresh and home-cooked foods rather than unhealthy processed or pre-packaged, as well as foods with high calories. To meet this demand, new vendors are launching healthier doughnuts with less sugar content. Many bakers are using organic, nutritious, and fibrous ingredients like nuts, raw cocoa, fruit, and coconut oil in their products.
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Doughnuts Market: Segmentation Analysis
This market research report segments the doughnuts market by Product (yeast doughnuts and cake doughnuts), End-user (foodservice and retail), and Geography (North America, Europe, APAC, South America, and MEA).
The doughnuts market share growth by the yeast doughnuts segment will be significant for revenue generation. Major retail outlets like Krispy Kreme Doughnuts (a subsidiary of JAB Holding Co. Sarl) and Dunkin' Brands Group Inc. mostly offer traditional yeast-raised doughnuts. Glazed yeast doughnuts are the most popular type of doughnuts across the world. Vegan yeast-raised doughnuts are gaining prominence among vegan consumers, especially in developed countries, such as the US and Canada. Vendors are extensively offering such doughnuts in the market. Therefore, such offerings by vendors are expected to contribute to the growth of the yeast doughnuts segment of the market during the forecast period.
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Doughnuts Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Growth momentum & CAGR | Accelerate at a CAGR of 4% |
Market growth 2021-2025 | USD 5.02 billion |
Market structure | Fragmented |
YoY growth (%) | 2.10 |
Performing market contribution | North America at 35% |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | Daylight Donut Flour Co. LLC, Doughnut Time Ltd., Focus Brands LLC, Glory Hole Doughnuts, Grupo Bimbo SAB de CV, Inspire Brands Inc., J.CO Donuts & Coffee, JAB Holding Co. Sarl, McDonald Corp., and Restaurant Brands International Inc. |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Content
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Yeast doughnuts - Market size and forecast 2020-2025
- Cake doughnuts - Market size and forecast 2020-2025
- Market opportunity by Product
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Foodservice - Market size and forecast 2020-2025
- Retail - Market size and forecast 2020-2025
- Market opportunity by End-user
Customer landscape
- Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- APAC - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Daylight Donut Flour Co. LLC
- Doughnut Time Ltd.
- Focus Brands LLC
- Glory Hole Doughnuts
- Grupo Bimbo SAB de CV
- Inspire Brands Inc.
- J.CO Donuts & Coffee
- JAB Holding Co. Sarl
- McDonald Corp.
- Restaurant Brands International Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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SOURCE Technavio
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