The global doughnuts market size is expected to grow by USD 5.69 billion during 2020-2024, progressing at a CAGR of 4% during the forecast period. Download Free Sample Report
Growing number of stores and retail outlets, and increased snacking and indulgence consumption are among the major factors propelling market growth. However, factor such as fluctuating prices of raw materials may hamper the market growth.
Socializing at cafés has become popular among urban youth. In addition, the increased influx of people to urban areas and a substantially large white-collared demographic have necessitated an increase in the number of foodservice outlets. Varied tastes and preferences for different types of food and beverages, such as fresh baked goods and hot beverages, have further led to the emergence of doughnut shops, coffee shops, and quick-service restaurants (QSRs). Leading doughnut chains such as Krispy Kreme Doughnuts, Tim Hortons, and Dunkin' Brands Group are opening outlets in emerging economies. The growing popularity of malls and shopping centers has also encouraged many new players to invest substantially in the distribution of doughnuts through these centers. The growth in the infrastructure in developing countries, like new airports and highways, also provides scope to major coffee chains to establish new outlets. Therefore, the growing number of stores and retail outlets are expected to propel the growth of the market in focus during the forecast period.
More details: www.technavio.com/report/doughnuts-market-industry-analysis?
Global Doughnuts Market: Product Landscape
Based on the product segmentation analysis, the yeast doughnuts segment is expected to witness lucrative growth during the forecast period. Traditional yeast-raised doughnuts are made from a sweet dough fermented with yeast to obtain a proper expansion of the dough. After being fermented, the dough is rolled to the desired thickness and cut out. These doughnuts are light and airy and have a chewy and slightly yeasty flavor. Vegan yeast-raised doughnuts are gaining prominence among vegan consumers, especially in developed countries, such as the US and Canada. Vendors are extensively offering such doughnuts in the market.
Global Doughnuts Market: Geographic Landscape
As per Technavio's geographical segmentation, North America is expected to experience significant growth which will offer several opportunities to market vendors during the forecast period. The growth of the doughnuts market in North America can be attributed to factors such as the rise in the number of middle-class families and improved living standards.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Companies Covered
What our reports offer:
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform
Doughnuts Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
Vendor Analysis
Appendix
For more information about this report visit www.technavio.com/report/doughnuts-market-industry-analysis?
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
These press releases may also interest you
|