The latest market report published by Credence Research “Global Doughnuts Market: Growth, Future Prospects, and Competitive Analysis, 2015 – 2027”. The Global Doughnuts Market generated revenue of around USD 5,632.5 million in 2020 and anticipated to grow at a CAGR of over 4.5% during the forecast period from 2021 to 2027 to reach around USD 7,716.4 million in 2027.
Browse the full report at https://www.credenceresearch.com/report/doughnuts-market
A doughnut is a category of fried dough confectionery. The doughnut is trendy in several countries and ready in a variety of form can be homemade or purchased in supermarkets/hypermarkets, food stalls, bakeries, and franchised vendors. Usually, doughnuts made from flour dough and deep fried, and normally ring-shaped but can be ball-shaped. Different batters can be used, and a variety of flavorings and toppings are used for special types, such as chocolate, sugar, or maple glazing. Doughnuts may include water, milk, leavening, oil, shortening, eggs, sugar, and natural or artificial flavors.
Key Trends in Global Doughnuts Market
Increasing preference of doughnuts across the globe
Increasing preference of doughnuts among people around the globe is a factor expected to drive the growth of the global market. In addition, rising demand from consumers for healthier, tastier and more natural baked products is major factor expected to drive market growth of the global doughnuts market over the next 10 years. Moreover, rapid growth in the food chain industry is projected to boost growth of the doughnuts in developed economies. Increasing disposable income, changing standard of living and others are factors expected to support growth of the market.
Impact of COVID 19 on Doughnuts Market
The general point of pandemics is their negative effects on the global financial system. Consider the food supply chain, is the most essential sectors of the economy, COVID-19 has an impact on the complete process from the ground to the consumer. In food supply chain, the significant concern about food production, distribution, processing, and demand. COVID-19 resulted in the limitations of workers, changing consumer demand, limited food deal policies, conclusion of food production services, and monetary pressures in food supply chain.
Global Doughnuts Market by Distribution Channel Insights
Global Doughnuts Market is segmented based on Distribution Channel as Supermarkets/Hypermarkets, Specialty Store, Convenience Store, and Online Retail. Online retail segment is expected to account for high revenue contribution in the global market during the forecast period.
Global Doughnuts Market by Type Insights
Yeast doughnuts and cake doughnuts are some of the major types through doughnuts market. Yeast doughnuts segment accounted for the largest share in 2020 of the Doughnuts Market in 2020.
Global Doughnuts Market by Regional Insights
North America dominates the global market in terms of revenue and is expected to maintain its position over the forecast period. This is attributed to high number of fast-food chains and preference for convenient food is factors fueling growth of the target market in this region. The Asia Pacific market is anticipated to witness the fastest growth in terms of revenue in the near future, followed by Europe. Changing food habits and growing urbanization are factors driving the growth of the target market in the Asia Pacific region.
Global Doughnuts Market Competitive Landscape
Most prominent players in the global Doughnuts Market include J.CO Donuts, Mad Over Donuts, Dunkin’ Brands, Starbucks, Donut King, Krispy Kreme Doughnuts, Mister Donut, Doughnut Time, McDonald’s, Go Nuts Donuts. The report covers very detailed profiles of these key players.
Global Doughnuts Market by Distribution Channel, 2015 – 2027
· Specialty Store
· Convenience Store
· Online Retail
Global Doughnuts Market by Type, 2015 – 2027
· Yeast Doughnuts
· Cake Doughnuts
Global Doughnuts Market by Region, 2015 – 2027
· North America
· Asia Pacific
· Latin America
· Middle East and Africa
Global Doughnuts Market: Key Players
· J.CO Donuts
· Mad Over Donuts
· Dunkin’ Brands
· Donut King
· Krispy Kreme Doughnuts
· Mister Donut
· Doughnut Time
. Go Nuts Donuts