Doughnut Market

Global Doughnut Market Size (2024 to 2029)

Doughnut Market size was valued at USD 5.86 billion in 2024. The Doughnut market share value is expected to grow at a CAGR of 4.0% during the forecast period 2023-2028 to reach USD 7.14 billion by 2029. 

Doughnuts, a type of sweet baked confectionery, are widely enjoyed by people around the world due to their delightful taste and convenience. They primarily consist of flour and come in a diverse range of flavors. It's estimated that over ten billion doughnuts are produced annually in the United States, showcasing the significant size of the American doughnut industry. In the USA and some other countries, National Doughnut Day is celebrated on the first Friday of June, while National Doughnut Appreciation Day falls on November 5th each year. Additionally, doughnuts are a popular treat during Halloween and New Year's Eve festivities. They are also a favored snack among professionals who work long and irregular hours.

The increasing interest in healthier doughnut options is opening up new opportunities in the doughnut market. Doughnuts are among the most beloved pastries in the United States, enjoyed both at home and in various dining establishments. To cater to this demand, emerging vendors are introducing healthier doughnuts that contain reduced sugar content. Many bakers are incorporating organic, nutritious, and high-fiber ingredients like nuts, raw cocoa, fruit, and coconut oil into their products. For instance, Dunkin' Donuts, a brand under Dunkin' Brands Group Inc., has introduced gluten-free cinnamon-sugar doughnuts, contributing to the overall growth of this niche market segment in the projected period. In essence, the increasing consumer preference for healthier doughnut alternatives is creating a promising avenue for growth within the doughnut market. This shift towards more nutritious ingredients and options reflects evolving consumer tastes and health-conscious choices.

Global Doughnut Market Drivers:

The doughnut market is experiencing significant growth primarily due to the increasing consumption of snacks and indulgent foods that offer a sensory experience. Changing consumer taste preferences and evolving lifestyles are driving a preference for on-the-go food options. Consequently, bakery items such as doughnuts, bread rolls, and pies have become convenient alternatives to traditional meals. 

Moreover, the availability of a wide range of doughnut flavors and fillings is further fueling market expansion. Consumers today enjoy the variety and novelty that doughnuts offer, making them a popular choice in the snack category.Another driving factor is the proliferation of stores and retail outlets specializing in doughnuts. Urban culture, particularly among the youth, has embraced the idea of socializing at cafes and eateries. As more people flock to urban areas, there's a growing demand for food service outlets to cater to their needs. This trend is especially pronounced among the white-collar demographic, which constitutes a substantial portion of the urban population.Thus, the doughnut market is thriving due to shifting consumer preferences, busy lifestyles, the appeal of diverse flavors, and the increasing number of food service outlets in urban areas. These factors are contributing to the ongoing growth and popularity of doughnuts in the snack and confectionary food market.

Global Doughnut Market Restraints:

There are several factors that hamper the doughnut market growth. Doughnuts, known for their sweet and airy nature, contain a significant amount of sugar and calories. The consumption of high-calorie and carbohydrate-rich foods like doughnuts can contribute to various health issues, including diabetes, obesity, and related complications. These health concerns act as a significant hindrance to market expansion. The fluctuating prices of raw materials present a major challenge for the doughnut market. Ingredients essential for doughnut production, such as sugar, eggs, flour, cocoa, and milk, are susceptible to price fluctuations based on their availability. In recent years, the growing gap between demand and supply for these raw materials has driven up their costs substantially. Any increase in raw material prices not only raises manufacturing expenses but also erodes profit margins for doughnut vendors. Addressing these challenges will be crucial for sustaining and furthering the market's growth.

Impact of COVID-19 on the Doughnut Market:

The global COVID-19 pandemic led to significant disruptions across various industries as governments worldwide imposed lockdown measures to contain the virus's spread. This resulted in the temporary closure of manufacturing facilities, causing production halts. Additionally, the doughnut industry faced challenges as the global supply of doughnuts was affected by shortages of raw materials and disruptions in supply chains due to import and export restrictions imposed by different countries. High-quality baked doughnuts, in particular, witnessed a decline in sales due to reduced consumer consumption of non-essential food items and limited production of specialty doughnuts. These constraints were a consequence of the social distancing and lockdown measures enforced by governments around the world.

However, it's worth noting that the food and beverage sector experienced a significant increase in demand during and after the pandemic. Doughnuts, both frozen and fresh products, saw increased sales, primarily driven by the growing demand for convenient food options in response to the impact of COVID-19.

REPORT COVERAGE: 

  This research report on the Global Doughnut Market has been segmented and sub-segmented based on type, application, distribution channel and region. 

 Global Doughnut Market - By Type:

• Cake Style
• Yeast Style
• Filled
• Glazed
• Specialty

Based on type, the cake segment dominated the Doughnut market in 2022 and is anticipated to grow at the highest CAGR during the projected period. Cake-style doughnuts rank among the most popular doughnut varieties worldwide. They are crafted using a cake batter and tend to have a denser texture compared to yeast-style doughnuts. Typically, cake-style doughnuts can be prepared by either baking or frying, although most commercially available options are fried. Popular flavors for cake-style doughnuts encompass chocolate, vanilla, and strawberry.

On the other hand, yeast-style doughnuts are created from a batter that relies on yeast. These doughnuts are known for their light and fluffy consistency and usually contain a higher sugar content than their cake-style counterparts. Like cake-style doughnuts, yeast-style ones can also be either baked or fried. Notable flavors for yeast-style doughnuts include maple bacon, blueberry, and pumpkin spice.

Global Doughnut Market - By Application:

• Food Service
• Retail
• Online Sales
• Special Events
• Other

Based on the application, food service is expected to dominate the Doughnut market during the forecast period. Doughnuts are a favored breakfast choice and are frequently served in restaurants and cafes. The expansion of food service outlets, including cafes and bakeries, is expected to be the primary driver of growth in this segment.

The retail sector ranks as the second-largest segment in the global doughnut market. Doughnuts are gaining popularity as a snack and are readily available in convenience stores, supermarkets, and hypermarkets. The increasing demand for convenient food options is projected to fuel growth in this segment.

Global Doughnut Market - By Distribution Channel:

• Supermarkets
• Convenience Stores
• Specialty Stores
• Online Retail
• Food Service

Based on the distribution channel, Specialty stores are set to dominate the market, primarily because consumers prefer buying freshly baked doughnuts and appreciate the wide array of choices available.

Moreover, the online segment is poised for the most significant CAGR. This swift expansion is attributable to the growing internet penetration and the surge in online food platforms.

Global Doughnut Market - By Region:

• APAC
• MEA
• Latin America
• North America
• Europe

Based on region, North America stands first in leading the dominant shares of the largest market, with the United States leading the way, closely followed by Canada. The robust growth of the North American doughnut market can be primarily ascribed to the increasing demand for convenient food options and shifting dietary preferences.

The European doughnut market is poised for growth in the forecast period. Germany emerged as the largest European market for doughnuts, with the United Kingdom following suit. The expansion of the European doughnut market is rooted in evolving food habits and a heightened appetite for convenience foods.

In the Asia Pacific region, it's evident that this area boasts the highest growth rate for doughnuts. China takes the lead as the largest market for doughnuts in the Asia Pacific, trailed by Japan. The driving forces behind this market's growth include the surge in disposable income and evolving food preferences among consumers.

KEY MARKET PLAYERS:

Key market players of global Doughnut Market are Dunkin' Donuts LLC, Krispy Kreme Doughnut Corporation, Mister Donut, J.CO Donuts & Coffee, McDonald's Corporation, Starbucks Corporation, Round Rock Donuts, LLC, Dough Beings, Federal Donuts

RECENT HAPPENINGS IN THE MARKET:

• In January 2020, Krispy Kreme Doughnuts, Inc., a subsidiary of JAB Holding Company, introduced a line of mini doughnuts in the United States. These mini doughnuts are 90 calories lighter, providing consumers with a smaller indulgence option while also broadening the company's product portfolio.
• In June 2020, Under its brand Tim Hortons, Restaurant Brands International, Inc. unveiled a new product line called Dream Donuts in the United States. This introduction is part of the company's strategy to expand its product portfolio and provide its customers with premium doughnuts crafted with specialty ingredients.