Global Doughnuts Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Doughnuts Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A doughnut, also known as a donut, is a fried dough confectionery or snack. The doughnut is a common sweet snack in many countries, and it can be made at home or bought from bakeries, supermarkets, food stalls, and franchised specialty vendors. Doughnuts are usually ring-shaped, or a variety of shapes without a pit, and are often filled, but may also be ball-shaped and are typically deep-fried from flour dough. Other batters may be used, and different toppings and flavorings, such as sugar, chocolate, or maple glazing, are used with different varieties. Water, leavening, eggs, milk, sugar, grease, and shortening are all potential ingredients in doughnuts.

Market Overview:

The latest research study on the global Doughnuts market finds that the global Doughnuts market reached a value of USD 24548.71 million in 2022. It’s expected that the market will achieve USD 32241.99 million by 2028, exhibiting a CAGR of 4.65% during the forecast period.

The Covid-19 estimated to a significant impact on the Doughnuts market.

Although the global economic output has recovered from the collapse caused by COVID-19, it will remain under the epidemic for a long time. The rapid spread of COVID-19 and its strong infectivity pose a serious challenge to the catering industry. Most restaurants and coffee shops in Europe and America can't open their doors normally, which has dealt a serious blow to the offline doughnuts industry retail and affected the market income of the doughnuts industry. Some Asian regions are gradually opening up and recovering, but the infection in Europe and America is still serious. Under the downward trend of global economy, the development of the doughnuts industry is also challenged. Vaccine-driven economic recovery in the second half of 2021 may have a positive impact on the development of Doughnuts industry.

Develop more advanced products

Due to the continued development of the food industry, technology is updated. As well as the high sugar characteristics of donuts, some manufacturers are now demanding healthier alternatives to raw materials. This will satisfy consumers' demand for healthy food and increase consumption. The release of new products with more flavors and forms will also be one of the opportunities for manufacturers. Sustainability and innovation are critical to the sustainability of any industry. Over the years, due to convenience, there is a high demand for freshly baked products such as doughnuts. Many bakers are experimenting with new flavors and creating new doughnuts to differentiate their products.

Lack of nutritious value

As a food made from high-sugar raw materials such as sugar and flour, the doughnut has a high sugar content, and some consumers are not suitable for eating foods with high sugar content. Long-term consumption of excess sugar is likely to increase the risk of obesity, heart disease and type 2 diabetes. And excessive consumption of sugar will form a feeling of fullness, affecting the absorption of other nutrients. So, some consumers refuse to eat this type of food, and even produced a series of resistance activities.

Region Overview:

Geographically, North America held the largest market share - 52.24% in 2021.

Company Overview:

Dunkin Brands is one of the major players operating in the Doughnuts market, holding a share of 783.59% in 2021.

Dunkin Brands

Founded in 1950, Dunkin' is the most popular all-weather coffee and baked goods stop in the United States. Dunkin' is the market leader in hot regular/no coffee/flavored coffee, frozen regular/no coffee/flavored coffee, donuts, bagels and muffins. Dunkin' has been ranked No. 1 in Brand Keys coffee category customer loyalty for 14 consecutive years. The company has more than 12,600 restaurants in 40 countries/regions around the world. Dunkin' is part of the Inspire Brands restaurant family. On December 15th, 2020, Inspire Brands completed the acquisition of Dunkin' Brands. Dunkin 'and Baskin-Robbins now operate as different brands in the Inspire portfolio.

Krispy Kreme

Krispy Kreme is a large doughnut chain in the United States and the second largest doughnut food store in the United States. Its parent company is JAB Holdings in Luxembourg, Europe. Krispy Kreme was founded in 1937 in Winston-Saron, North Carolina, USA, and is also the company's headquarters.

Segmentation Overview:

Among different product types, Cake Style segment is anticipated to contribute the largest market share in 2027.

Cake Style

This type of doughnut is made with a special kind of cake batter. A doughnut using a cake batter, the oil is about 20% of the total weight, but the cream in the cake batter already contains extra fat before frying. The frying time of the cake batter donut is about 90 seconds. The oil temperature is about 180-190 degrees Celsius.

Yeast Style

In yeast donuts, flour with protein content as high as about 9% to 12% is used to make donuts lighter. In addition, yeast donuts use yeast as starter. Yeast makes dough soft, porous and chewy.

Application Overview:

The market's largest segment by application is the segment Retail, with a market share of 64.82% in 2021.

Food Service

It is an enterprise, business or service organization responsible for providing food other than home cooking. Including restaurants, cake shops, coffee shops, tea shops and other forms.

Retail

A small retail outlet that focuses on selling a particular product range and associated items. Most specialty store business operators will maintain considerable depth in the type of product that they specialize in selling, usually at premium prices, in addition to providing higher service quality and expert guidance to shoppers.

Key Companies in the global Doughnuts market covered in Chapter 3:

Starbucks
J.CO Donuts
McDonalds
Tim Hortons
Dunkin Brands
Donut King
Hostess
Whole Foods Market
Little Debbie
Mad Over Donuts
Mister Donut
Krispy Kreme
Tastykake
Entenmann's

In Chapter 4 and Chapter 14.2, on the basis of types, the Doughnuts market from 2018 to 2029 is primarily split into:

Cake Style
Yeast Style

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Doughnuts market from 2018 to 2029 covers:

Food Service
Retail

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)