“Global Doughnuts Market to reach a market value of 15.4 Billion by 2031 growing at a CAGR of 4.9%”
The Global Doughnuts Market size is expected to reach $15.4 billion by 2031, rising at a market growth of 4.9% CAGR during the forecast period.
Online and delivery channels have significantly increased the accessibility of doughnuts, allowing consumers to order their favorite items from their homes or offices. This convenience appeals to busy individuals who may not have time to visit a physical store, expanding the market reach and driving sales. The growing number of food delivery applications such as Uber Eats, DoorDash, and Grubhub has afforded doughnut shops a potent platform to expand their customer base. Thus, the Online Channels segment captured the $648.30 million revenue in 2023.
They offer a convenient and quick option for breakfast or a snack. Their portability and ease of consumption make them an attractive choice for busy individuals who need a fast, satisfying meal or snack on the go. As lifestyles become increasingly hectic, consumers seek convenient food options that fit their schedules, boosting the demand for them. In conclusion, the rising popularity of these as breakfast and snack foods is driving the market’s growth.
Additionally, The growth of the food processing industry has led to advancements in production technologies and processes. This includes developing automated equipment, improved baking techniques, and efficient quality control measures. These enhancements enable doughnut manufacturers to increase production volumes, reduce costs, and maintain consistent quality, supporting market expansion. In conclusion, the global expansion of the food processing industry is driving the market’s growth.
As consumers become more aware of health issues such as obesity, diabetes, and heart disease, they are increasingly seeking healthier dietary options. They, often high in sugar, fat, and calories, are perceived as indulgent and less healthy than other food choices. This shift towards health-conscious eating reduces the appeal of them, leading to decreased demand and slower market growth. Health-conscious consumers are gravitating towards low-sugar, low-fat, and nutrient-dense alternatives. Thus, increasing health consciousness among consumers is hindering market growth.
On the basis of distribution channel, this market is segmented into food service channels and retail channels. In 2023, the retail channels segment attained 33% revenue share in this market. Retail channels such as grocery stores, convenience stores, and supermarkets provide easy access to them, making them a convenient option for consumers. This accessibility contributes to the growing popularity of purchasing them from retail locations.
Based on base type, this market is divided into yeast doughnuts and cake doughnuts. The cake doughnuts segment held 37% revenue share in this market in 2023. Cake doughnuts offer a rich, dense texture that contrasts with the lighter, fluffier yeast doughnuts. This appealing texture caters to consumers who prefer a more substantial, satisfying treat. Cake doughnuts come in various flavors, often incorporating ingredients like chocolate, spices, and fruit.
Free Valuable Insights: Global Doughnuts Market size to reach USD 15.4 Billion by 2031
Region-wise, this market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the Europe region generated 25% revenue share in this market. They have a strong cultural presence in North America, particularly in the United States and Canada. They are a popular traditional treat often enjoyed with coffee or as a breakfast item, contributing to their high demand. North America is home to several well-known doughnut chains, such as Dunkin’, Krispy Kreme, and Tim Hortons.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 10.7 Billion |
| Market size forecast in 2031 | USD 15.4 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 4.9% from 2024 to 2031 |
| Number of Pages | 201 |
| Tables | 340 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Base Type, Distribution Channel, Region |
| Country scope |
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| Companies Included | Mcdonald’s Corporation, Grupo Bimbo, Starbucks Coffee Company, Cargill, Incorporated, General Mills, Inc., Kellogg Company, Shipley Do-Nuts, McKee Foods Corporation, Krispy Kreme, Inc., Mighty-O Donuts |
By Base Type
By Distribution Channel
By Geography
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![LAMEA Doughnuts Market Size, Forecast Report [2031]](https://www.kbvresearch.com/upload/cover/lamea-doughnuts-market.jpg "LAMEA Doughnuts Market Size, Forecast Report [2031]")
![Europe Doughnuts Market Size, Growth Analysis [2031]](https://www.kbvresearch.com/upload/cover/europe-doughnuts-market.jpg "Europe Doughnuts Market Size, Growth Analysis [2031]")
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