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Oct 14, 2023

Doughnuts market in North America is set to grow by USD 689.57 million from 2022 to 2027; Increased snacking and indulgence consumption to influence market growth

NEW YORK, June 5, 2023 /PRNewswire/ -- The doughnuts market in North America is

NEW YORK, June 5, 2023 /PRNewswire/ -- The doughnuts market in North America is expected to grow by USD 689.57 million from 2022 to 2027. The market will progress at a CAGR of 1.61% during the forecast period. The growth of private-label bakeries is an emerging trend in the market. Private-label bakeries are relatively small and are usually found in department stores, hypermarkets, and supermarkets, among others. They offer a vast variety of specialty baked goods. The increasing presence of supermarket bakeries within stores is posing stiff competition for artisanal and industrial bakeries. In-house bakeries are increasingly gaining popularity due to factors such as simplicity of one-stop shopping and cheaper prices. Cost-conscious consumers are increasingly choosing supermarkets' private-label products. In recent years, pre-baked, par-baked, or bake-off products have gained popularity. In a two-step baking process called parbaking, the batter is baked for 15-20 minutes prior to cooling and chilling until the final baking. The shelf life of partially baked items is extended by refrigeration. This method enables providing fresh bread and rolls to customers. Supermarkets and quick-service restaurants frequently employ this method for their bread and doughnuts. Hence, these factors are expected to drive the growth of the doughnuts market in North America during the forecast period. For more insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report.

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Doughnuts market in North America - Segmentation assessmentSegment overview -

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Birdies LA, Blue Star Donuts, CookNSolo Restaurants, Corporativo Bimbo SA de CV, Daylight Donut Flour Co. LLC, Dough Doughnuts, Glory Hole Doughnuts, Hogsalt, Honey Dew Associates Inc., Inspire Brands Inc., Jelly modern doughnuts, Krispy Kreme Inc., LaMars Donuts, Maple Donuts Inc., McDonald Corp., Pinkbox Doughnuts, Sidecar Doughnuts, Starbucks Corp., Sugar Shack Donuts and Coffee, The Wendys Co., and Union Square Donuts are some of the major market participants. Although the increased snacking and indulgence consumption will offer immense growth opportunities, the growth in obesity may challenge the growth of market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

This report extensively covers market segmentation by end-user (foodservice and retail) and product (regular-sized yeast doughnuts, regular-sized cake doughnuts, mini-sized yeast doughnuts, and mini-sized cake doughnuts). The foodservice segment will witness significant market share growth during the forecast period. Freshly baked doughnuts are sold at many foodservice chains such as bakeries, food carts, and franchised specialty outlets. Franchised specialty outlets generate the most sales for the foodservice segment. Starbucks and Krispy Kreme are the top two doughnut brands in the US, with over 50% of sales. The foodservice segment was valued at USD 5,715.65 million in 2017 and continued to grow until 2021. Doughnut market players in North America are investing in opening franchise stores for their respective brands globally. As franchises draw more customers and offer higher profit margins, quick-service restaurants (QSRs) are also considering them. Besides, franchises provide franchise owners with a chance to obtain customer feedback and opinions about their doughnuts sold in various nations. Hence, the above-mentioned factors are expected to contribute to the growth of the segment in the doughnuts market in North America during the forecast period.

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Doughnuts market in North America – Market dynamics

Key driver - Increased snacking and indulgence consumption are notably driving the market growth. There is an increase in the number of consumers substituting snacks for regular meals. Besides, there has been a significant change in food consumption patterns. This can be attributed to fast-paced lifestyles, which frequently push people to skip meals and instead eat on the go. Similarly, busy lifestyles are forcing the consumption of bakery goods such as doughnuts, bread, rolls, and pies for breakfast. Apart from regular doughnuts, many vendors also offer doughnut sandwiches with nutritious ingredients. The nutritional value of doughnuts is enhanced by using whole wheat or multigrain bread and nutritious ingredients. The market for indulgence and premium food varieties, including doughnuts, is witnessing steady growth despite consumers becoming health-conscious and preferring healthier snacks. A significant portion of consumers are preferring high-quality doughnuts and are willing to try new flavors, thereby boosting doughnut demand significantly. Hence, such factors will positively impact the growth of the doughnut market in North America during the forecast period.

Major challenge - The increasing obesity rate is posing a major challenge for the market growth. In North America, obesity is one of the critical health issues affecting the population across all its nations. Besides, many cardiovascular diseases (CVDs), several common cancers, diabetes, and osteoarthritis are all significantly increasing due to adult obesity. Furthermore, obesity and overweight rates in both children and adults are rising. As a result, more people are opting for nutritious, low-carb, sugar-free diets, including high-quality protein powders made from sources such as bone broth, collagen, whey protein, lentils, beans, and other legumes. Hence, the increasing concern about health among consumers is expected to have a negative impact on the market growth during the forecast period.

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Doughnuts market in North America: Vendor Analysis

The doughnuts market in North America is fragmented due to the presence of many regional and global vendors. Besides, vendors are introducing newer bakery products, including doughnuts with healthier and lower fat content, to attract health-conscious people. Apart from unique and customized products, vendors are focusing on improving and expanding their distribution network. Several players are also focusing on offering their products across online platforms to expand their reach. The growing preference for healthy eating is expected to boost the demand for quality and low-calorie products. Many bakery manufacturers are offering healthy alternatives to high-calorie and high-sugar products. This is expected to boost the market growth. Besides, the addition of new flavors in the market is also expected to positively impact the growth of the doughnuts market in North America.

What are the key data covered in this doughnuts market report in North America?

CAGR of the market during the forecast period 2023-2027

Detailed information on factors that will assist the doughnuts market growth in North America during the next five years

Estimation of the doughnuts market size in North America and its contribution to the parent market

Predictions on upcoming trends and changes in consumer behavior

Growth of the doughnuts market in North America

Analysis of the market's competitive landscape and detailed information on vendors

Comprehensive details of factors that will challenge the growth of vendors in the doughnuts market in North America

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Doughnuts market scope in North America

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 1.61%

Market growth 2022-2027

USD 689.57 million

Market structure

Fragmented

YoY growth 2022- 2023 (%)

0.5

Regional analysis

North America

Performing market contribution

North America at 100%

Key countries

US, Canada, and Mexico

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Birdies LA, Blue Star Donuts, CookNSolo Restaurants, Corporativo Bimbo SA de CV, Daylight Donut Flour Co. LLC, Dough Doughnuts, Glory Hole Doughnuts, Hogsalt, Honey Dew Associates Inc., Inspire Brands Inc., Jelly modern doughnuts, Krispy Kreme Inc., LaMars Donuts, Maple Donuts Inc., McDonald Corp., Pinkbox Doughnuts, Sidecar Doughnuts, Starbucks Corp., Sugar Shack Donuts and Coffee, The Wendys Co., and Union Square Donuts

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of contents:

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Doughnuts market in North America 2017 - 2021

4.2 End-user Segment Analysis 2017 - 2021

4.3 Product Segment Analysis 2017 - 2021

4.4 Geography Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by End-user

6.1 Market segments

6.2 Comparison by End-user

6.3 Foodservice - Market size and forecast 2022-2027

6.4 Retail - Market size and forecast 2022-2027

6.5 Market opportunity by End-user

7 Market Segmentation by Product

7.1 Market segments

7.2 Comparison by Product

7.3 Regular-sized yeast doughnuts - Market size and forecast 2022-2027

7.4 Regular-sized cake doughnuts - Market size and forecast 2022-2027

7.5 Mini-sized yeast doughnuts - Market size and forecast 2022-2027

7.6 Mini-sized cake doughnuts - Market size and forecast 2022-2027

7.7 Market opportunity by Product

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation

9.2 Geographic comparison

9.3 US - Market size and forecast 2022-2027

9.4 Canada - Market size and forecast 2022-2027

9.5 Mexico - Market size and forecast 2022-2027

9.6 Market opportunity by geography

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

11.3 Landscape disruption

11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered

12.2 Market positioning of vendors

12.3 Blue Star Donuts

12.4 Corporativo Bimbo SA de CV

12.5 Daylight Donut Flour Co. LLC

12.6 Dough Doughnuts

12.7 Glory Hole Doughnuts

12.8 Honey Dew Associates Inc.

12.9 Inspire Brands Inc.

12.10 Jelly modern doughnuts

12.11 Krispy Kreme Inc.

12.12 LaMars Donuts

12.13 Maple Donuts Inc.

12.14 McDonald Corp.

12.15 Starbucks Corp.

12.16 The Wendys Co.

12.17 Union Square Donuts

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

13.3 Currency conversion rates for US$

13.4 Research methodology

13.5 List of abbreviations

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