"Market Intelligence that Adds Flavour to Your Success"
Doughnuts are a type of baker’s confectionery item which are sweet in taste, which features flour as the main ingredient and is baked. Doughnuts are of two types; yeast doughnuts and cake doughnuts that are widely available in various bakeries and supermarkets worldwide. Doughnuts have widely grown popular among consumers worldwide owing to their sweet taste and convenience. Moreover, the increasing number of the working population has led to rise in demand for convenience foods as it is satiating and saves the preparation time. Further, the increasing snacking habit in between the meals trends has bolstered its market growth.
The processed food manufacturers are introducing new product variants such as handcrafted, sugar-free, and keto doughnuts to meet the rising demands which has driven the global doughnuts market. Further, the consumers are becoming conscious about the food they are consuming and hence, are demanding food products that can offer them nutritional benefits. This has led to an increase in popularity and demand for gluten-free and whole-grain doughnuts, which has augmented the market growth. For instance, in 2020, Kane’s Donuts launched gluten-free, dairy-free, and nut-free donuts in the U.S., owing to the rise in gluten and dairy allergy prevalence in the country.
The doughnuts market is mainly driven by the rise in the consumption of snacks and indulgent foods as sensorial food. The evolving taste preferences of consumers coupled with their changing lifestyles has increased their inclination towards on-the-go foods. This has led to an increase in the consumption of bakery foods such as doughnuts, bread rolls, pies, and others as a convenient alternative to consuming meals. Further, the availability of a variety of doughnuts in numerous flavors and fillings has also contributed to market growth.
Doughnuts are a sweet and puffy bakery item that has a considerably high amount of sugar and calorie content. The consumption of high calorie and carbohydrate-based food products can lead to various health issues such as diabetes, obesity, and other related adversities, which acts as a major restraint in market growth.
Key Market Driver -
Growing Demand for Indulgent Foods in Snacking
Key Market Restraint -
Health Adversities Associated with Consuming Doughnuts
The key companies operating in the global doughnuts market are JAB Holding Company, The Restaurant Brands International, Inc., Daylight Donut Flour Co. LLC, Doughnut Time, Grupo Bimbo, J.CO Donuts & Coffee, Dunkin Brands, Inc., McDonald’s Corporation, MTY Food Group Inc., and Retail Food Group.
The yeast doughnuts segment is likely to account for the major share in the market owing to their puffy and light texture which is due to the fermentation of sweet dough by yeast. These doughnuts are slightly chewy with mild yeast flavor and are at times glazed, sprinkled with sugar, or filled with jelly to enhance its mouthfeel and aesthetic appeal.
The specialty stores are expected to hold the major share owing to the consumer preferences towards purchasing freshly baked doughnuts along with the availability of numerous options to choose from. However, the mass merchandisers are gaining traction as they have the presence of many in-store bakeries. The in-store bakeries in the supermarkets support the convenience of one-stop shopping that is a major factor expected to fuel its sales.
North America is anticipated to observe a significant growth in the market due to their growing appetite for indulgence foods. The hectic lifestyle of the consumers has led to more stress eating and cravings for comfort foods like doughnuts and cookies. According to a survey conducted by the United States Department of Agriculture (USDA) in 2016, the consumption of foods that require less cooking time are the most preferred by the consumers in the U.S. This has led to an increase in the consumption of convenience foods, which in turn is driving the regional market growth.
Asia Pacific holds immense growth potential in the market due to the rapid urbanization coupled with its large consumer base. Countries such as India and China are the potential markets in the region mainly due to the growing adoption of western foods by the consumers. Along with many major players setting up their bases in these countries due to the consumers’ willingness to try new food products.
To gain extensive insights into the market, Request for Customization
By Distribution Channel
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry