Industry Background:
Varied tastes and preferences of consumers for different types of food and beverages, such as fresh baked goods and hot beverages, have led to the emergence of doughnut shops and their market. A doughnut or donut is a type of fried dough confectionery which is popular in many countries and it is prepared in various forms as a sweet snack. These doughnuts can be homemade or can be purchased in bakeries, supermarkets, food stalls, and at franchised vendors. These are usually available as a deep fried item from flour dough and are also available in various shapes i.e. Ring-shaped or ball-shaped with or without a hole. Various toppings and flavorings are also used for different types, such as sugar, chocolate, or maple glazing. The doughnuts are mostly preferred by children and youngsters due to its sweeter taste. The industry is anticipated to increase by collaborating with other countries. This collaboration will lead to expand the market by a wide variety of doughnuts by offering a large number of coffee chains which in turn will increase the doughnuts industry market share.
According to AMA, the market for Doughnuts is expected to register a CAGR of 5.47% during the forecast period to 2026. This growth is primarily driven by Increasing Number of Retail Outlets and Stores, Trending Habit of Munching By Consumers, Changing Lifestyle in the Population and Increasing Taste Preferences and Rising Number of Baking Shops and Retail Outlets.
Globally, a noticeable market trend is evident Consumers Relying on Doughnuts Due to their Busy Schedule
. The Food Products sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Daylight Donut Flour Company CO. , LLC (United States), Dunkin' Brands Group (United States), Krispy Kreme Doughnuts, Inc. (United States), Mister Doghnuts (United States), Restaurant Brands International Inc. (Canada), Cinnabon (United States), Country Style (Canada), Bimbo Bakeries USA (United States), Glory Hole Doughnuts (Canada), Honey Dew Donuts (United States), J.CO DONUTS & COFFEE (Indonesia) and Jelly modern doughnuts (Canada) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In July 2018, Krispy Kreme Doughnut Corp, Inc. announced an agreement that they will acquire majority Stake in Insomnia Cookies (leading cookies delivery company in the United States). and On February 2018, Dunkin Brand Group, Inc. the parent company Dunkin Donuts and Baskin Robins (BR) presented three years strategic planning which includes competing even more effectively in the coffee and beverage segment, driving profitable sales growth adding approximately 1,000 new Dunkins donuts location by 2020, and to have 18,000 Dunkin Donuts restaurants in the United States.
March 2019, Krispy Kreme Doughnuts will turn its Original Glazed doughnut green and reward thousands of fans with FREE doughnuts for a year during this year’s St. Patrick’s Day Weekend celebration. and Krispy Kreme Doughnuts, Tim Hortons, and Dunkin' Brands Group are the leading doughnut companies who have planned to open their outlets in emerging economies.
Market Drivers
- Increasing Number of Retail Outlets and Stores
- Trending Habit of Munching By Consumers
- Changing Lifestyle in the Population and Increasing Taste Preferences
- Rising Number of Baking Shops and Retail Outlets
Market Trend
- Consumers Relying on Doughnuts Due to their Busy Schedule
- Companies Offering Yeast-Raised Doughnuts like Dunkin' Donuts and Krispy Kreme
Restraints
- Availability of Different Type of Bakery Products as a Substitute
- Increasing Health Consciousness among the Population in Urban Cities
Opportunities
Rapid Urbanization in Emerging Countries is Creating an Opportunity for Food Outlets
Challenges
Fluctuating Raw Material Price Required to Produce Doughnuts Leading to Increase the Manufacturing Costs
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Doughnuts Study Sheds Light on
The Doughnuts Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Doughnuts industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Doughnuts industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.