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 - Technavio

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 assessment
Segment 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.

For insights on the market contribution of various segments, including country and region-wise historic data (2017 to 2021), and forecast market size (2023 to 2027) - Download a sample report

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.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

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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Table of contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Regional - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on North America: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Regional - Market size and forecast 2022-2027 ($ million)

4 Historic Market Size

• 4.1 Doughnuts market in North America 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Doughnuts market in North America 2017 - 2021 ($ million)

• 4.2 End-user Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.3 Product Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 22: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 25: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 26: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 27: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 28: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments
• Exhibit 29: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 30: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 31: Chart on Comparison by End-user
• Exhibit 32: Data Table on Comparison by End-user

• 6.3 Foodservice - Market size and forecast 2022-2027 
• Exhibit 33: Chart on Foodservice - Market size and forecast 2022-2027 ($ million)
• Exhibit 34: Data Table on Foodservice - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Chart on Foodservice - Year-over-year growth 2022-2027 (%)
• Exhibit 36: Data Table on Foodservice - Year-over-year growth 2022-2027 (%)

• 6.4 Retail - Market size and forecast 2022-2027 
• Exhibit 37: Chart on Retail - Market size and forecast 2022-2027 ($ million)
• Exhibit 38: Data Table on Retail - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Chart on Retail - Year-over-year growth 2022-2027 (%)
• Exhibit 40: Data Table on Retail - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by End-user 
• Exhibit 41: Market opportunity by End-user ($ million)
• Exhibit 42: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Product

• 7.1 Market segments
• Exhibit 43: Chart on Product - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Product - Market share 2022-2027 (%)

• 7.2 Comparison by Product 
• Exhibit 45: Chart on Comparison by Product
• Exhibit 46: Data Table on Comparison by Product

• 7.3 Regular-sized yeast doughnuts - Market size and forecast 2022-2027 
• Exhibit 47: Chart on Regular-sized yeast doughnuts - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Regular-sized yeast doughnuts - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Regular-sized yeast doughnuts - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Regular-sized yeast doughnuts - Year-over-year growth 2022-2027 (%)

• 7.4 Regular-sized cake doughnuts - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Regular-sized cake doughnuts - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Regular-sized cake doughnuts - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Regular-sized cake doughnuts - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Regular-sized cake doughnuts - Year-over-year growth 2022-2027 (%)

• 7.5 Mini-sized yeast doughnuts - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Mini-sized yeast doughnuts - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Mini-sized yeast doughnuts - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Mini-sized yeast doughnuts - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Mini-sized yeast doughnuts - Year-over-year growth 2022-2027 (%)

• 7.6 Mini-sized cake doughnuts - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Mini-sized cake doughnuts - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Mini-sized cake doughnuts - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Mini-sized cake doughnuts - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Mini-sized cake doughnuts - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Product 
• Exhibit 63: Market opportunity by Product ($ million)
• Exhibit 64: Data Table on Market opportunity by Product ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 65: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 66: Chart on Market share by geography - 2022-2027 (%)
• Exhibit 67: Data Table on Market share by geography - 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 68: Chart on Geographic comparison
• Exhibit 69: Data Table on Geographic comparison

• 9.3 US - Market size and forecast 2022-2027 
• Exhibit 70: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 73: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.4 Canada - Market size and forecast 2022-2027 
• Exhibit 74: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 77: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.5 Mexico - Market size and forecast 2022-2027 
• Exhibit 78: Chart on Mexico - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Data Table on Mexico - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Chart on Mexico - Year-over-year growth 2022-2027 (%)
• Exhibit 81: Data Table on Mexico - Year-over-year growth 2022-2027 (%)

• 9.6 Market opportunity by geography 
• Exhibit 82: Market opportunity by geography ($ million)
• Exhibit 83: Data Table on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 84: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 85: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 86: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 87: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 88: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 89: Matrix on vendor position and classification

• 12.3 Blue Star Donuts
• Exhibit 90: Blue Star Donuts - Overview
• Exhibit 91: Blue Star Donuts - Product / Service
• Exhibit 92: Blue Star Donuts - Key offerings

• 12.4 Corporativo Bimbo SA de CV 
• Exhibit 93: Corporativo Bimbo SA de CV - Overview
• Exhibit 94: Corporativo Bimbo SA de CV - Business segments
• Exhibit 95: Corporativo Bimbo SA de CV - Key news
• Exhibit 96: Corporativo Bimbo SA de CV - Key offerings
• Exhibit 97: Corporativo Bimbo SA de CV - Segment focus

• 12.5 Daylight Donut Flour Co. LLC 
• Exhibit 98: Daylight Donut Flour Co. LLC - Overview
• Exhibit 99: Daylight Donut Flour Co. LLC - Product / Service
• Exhibit 100: Daylight Donut Flour Co. LLC - Key offerings

• 12.6 Dough Doughnuts
• Exhibit 101: Dough Doughnuts - Overview
• Exhibit 102: Dough Doughnuts - Product / Service
• Exhibit 103: Dough Doughnuts - Key offerings

• 12.7 Glory Hole Doughnuts
• Exhibit 104: Glory Hole Doughnuts - Overview
• Exhibit 105: Glory Hole Doughnuts - Product / Service
• Exhibit 106: Glory Hole Doughnuts - Key offerings

• 12.8 Honey Dew Associates Inc. 
• Exhibit 107: Honey Dew Associates Inc. - Overview
• Exhibit 108: Honey Dew Associates Inc. - Product / Service
• Exhibit 109: Honey Dew Associates Inc. - Key offerings

• 12.9 Inspire Brands Inc.
• Exhibit 110: Inspire Brands Inc. - Overview
• Exhibit 111: Inspire Brands Inc. - Product / Service
• Exhibit 112: Inspire Brands Inc. - Key offerings

• 12.10 Jelly modern doughnuts 
• Exhibit 113: Jelly modern doughnuts - Overview
• Exhibit 114: Jelly modern doughnuts - Product / Service
• Exhibit 115: Jelly modern doughnuts - Key offerings

• 12.11 Krispy Kreme Inc.
• Exhibit 116: Krispy Kreme Inc. - Overview
• Exhibit 117: Krispy Kreme Inc. - Business segments
• Exhibit 118: Krispy Kreme Inc. - Key offerings
• Exhibit 119: Krispy Kreme Inc. - Segment focus

• 12.12 LaMars Donuts
• Exhibit 120: LaMars Donuts - Overview
• Exhibit 121: LaMars Donuts - Product / Service
• Exhibit 122: LaMars Donuts - Key offerings

• 12.13 Maple Donuts Inc.
• Exhibit 123: Maple Donuts Inc. - Overview
• Exhibit 124: Maple Donuts Inc. - Product / Service
• Exhibit 125: Maple Donuts Inc. - Key offerings

• 12.14 McDonald Corp.
• Exhibit 126: McDonald Corp. - Overview
• Exhibit 127: McDonald Corp. - Business segments
• Exhibit 128: McDonald Corp. - Key news
• Exhibit 129: McDonald Corp. - Key offerings
• Exhibit 130: McDonald Corp. - Segment focus

• 12.15 Starbucks Corp.
• Exhibit 131: Starbucks Corp. - Overview
• Exhibit 132: Starbucks Corp. - Business segments
• Exhibit 133: Starbucks Corp. - Key news
• Exhibit 134: Starbucks Corp. - Key offerings
• Exhibit 135: Starbucks Corp. - Segment focus

• 12.16 The Wendys Co.
• Exhibit 136: The Wendys Co. - Overview
• Exhibit 137: The Wendys Co. - Business segments
• Exhibit 138: The Wendys Co. - Key offerings
• Exhibit 139: The Wendys Co. - Segment focus

• 12.17 Union Square Donuts
• Exhibit 140: Union Square Donuts - Overview
• Exhibit 141: Union Square Donuts - Product / Service
• Exhibit 142: Union Square Donuts - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 143: Inclusions checklist
• Exhibit 144: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 145: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 146: Research methodology
• Exhibit 147: Validation techniques employed for market sizing
• Exhibit 148: Information sources

• 13.5 List of abbreviations 
• Exhibit 149: List of abbreviations

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