North America Doughnuts Market Size, Share & Trends Analysis Report By Base Type (Yeast Doughnuts and Cake Doughnuts), By Distribution Channel (Food Service Channels and Retail Channels), By Country and Growth Forecast, 2024 - 2031

Analysis of Market Size & Trends

The North America Doughnuts Market would witness market growth of 4.3% CAGR during the forecast period (2024-2031).

The US market dominated the North America Doughnuts Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $5,308.2 Million by 2031. The Canada market is experiencing a CAGR of 6.3% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 5.7% during (2024 - 2031).

Doughnuts, with their variety and versatility, serve many applications across different sectors. These are increasingly paired with specialty coffees in high-end cafés and coffee shops. The trend is to offer gourmet doughnut options that complement artisanal coffee blends. This pairing enhances the consumer experience and creates a premium offering that attracts coffee enthusiasts seeking a sophisticated snack to accompany their morning brew.

Furthermore, these are a base for innovative dessert creations in high-end dining and gastronomy. For instance, gourmet doughnut ice cream sandwiches or doughnut crème brûlée are emerging trends. These creations elevate these from a simple treat to a luxurious dessert, showcasing their adaptability in fine dining contexts. These are increasingly used for corporate branding and promotional purposes.

The growth of the food and beverage industry in Canada has led to heightened consumer interest in diverse and innovative food options, including them. Canadians are exploring new flavors and premium doughnut varieties, contributing to increased demand. As per the Government of Canada, in 2022, the food and beverage processing industry was the largest manufacturing industry in Canada in terms of production value, with sales of goods manufactured worth $156.5 billion. The rise of local e-commerce platforms like Linio and Mercadolibre, which cater specifically to Mexican consumers, provides a tailored shopping experience. These platforms often highlight popular local products, including them, making them more visible to potential buyers. Mexican e-commerce sites often offer customization options that cater to regional tastes. Hence, the growing food and beverage processing sector and expansion of the e-commerce sector in North America are expected to boost the demand for these in the region.

Free Valuable Insights: The Doughnuts Market is Predict to reach USD 15.4 Billion by 2031, at a CAGR of 4.9%

Based on Base Type, the market is segmented into Yeast Doughnuts and Cake Doughnuts. Based on Distribution Channel, the market is segmented into Food Service Channels and Retail Channels (Supermarkets/Hypermarkets, Convenience Stores, Online Channels, and Other Retail Channels Type). Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

• 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

North America Doughnuts Market Report Segmentation

By Base Type

• Yeast Doughnuts
• Cake Doughnuts

By Distribution Channel

• Food Service Channels
• Retail Channels
  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Online Channels
  • Other Retail Channels Type

By Country

• US
• Canada
• Mexico
• Rest of North America