Yes, indeed! In 2022, the worldwide doughnut market was worth $12.6 billion. It is predicted to grow to $17.8 billion by 2032. Now you can understand that it will grow at the rate of 3.5% from 2023 to 2032.

Donuts are very popular baked treats. They are widely popular around the whole world. Below, you can see what countries can be good markets for donuts. Furthermore, major players in the donut industry are also given below.

Donuts come with different tastes and fillings. Mostly, people like donuts that are coated with sugar, chocolate, or icing. The main market for donuts is America.

Key Factors That Contribute To The Growth Of Donut Industry

• In 2022, the global doughnut market hit $6 billion.
• It's set to grow to $8 billion, increasing by 3.5% each year from 2023 to 2032.
• North America is leading, holding 52.24% of the global doughnut market.
• Why? More shops and stores are popping up.
• People love the low-calorie doughnuts, boosting the industry.
• The donut business is a big deal in the US, worth around $3.6 billion.

Key Market Segments

Based on Type

• Yeast Doughnut
• Cake Doughnut

Based on Product Type

• Chocolate Doughnut
• Fruit Flavored Doughnut
• Glazed Doughnut
• Other Product Types

Based on the Distribution Channel

• Chain Outlet
• Supermarkets/Hypermarkets
• Bakeries
• Online Retail
• Other Distribution Channels

Rising Popularity Of Low-Calorie Doughnuts.

People like low-calorie doughnuts because they’re healthier. Many want snacks with no calories, sugars, or carbs, but still taste good.

Low-carb doughnuts make it easy to enjoy your favorite treat. Protein doughnuts are popular—they’re high in protein, low in carbs, low in sugar, and under 150 calories.

They come in different flavors like chocolate, cake batter, and calorie chocolate. They use fat-free yogurt to keep the calories low. This is expected to make the market grow in the future.

Does Packaging Contribute To The Success of Doughnut Business?

Of course, it plays a big role in packaging for the success of any business. The same case with the donut shop. You can increase sales and attract more customers if you have appealing packaging. For this reason, you can have wholesale donut boxes at lower prices . Moreover, due to customizability, these boxes can have your brand name and logo on them.

Key Regions and Countries

North America

• The US
• Canada

Europe

• Germany
• France
• The UK
• Spain
• Italy
• Russia & CIS
• Rest of Europe

APAC

• China
• Japan
• South Korea
• India
• ASIAN
• Rest of APAC

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of MEA

Market Key Players

• Daylight Donut Flour Co. LLC
• Doughnut Time Ltd.
• Focus Brands LLC
• Glory Hole Doughnuts
• CO Doughnuts & Coffee
• LaMars Doughnuts
• Mad Over Doughnuts
• Maple Doughnuts Inc.
• Sugar Shack Doughnuts and Coffee
• Yum Yum Donut Shops Inc.
• Krispy Kreme Doughnut Corporation
• Mister Donut
• Grupo Bimbo
• Donut King

People really like donuts because they’re tasty and easy to enjoy. Donuts are popular worldwide for breakfast, snacks, and desserts, satisfying different tastes. The market is doing well because people love the unique taste, texture, and variety of donuts.

More places to get food, like cafes and bakeries, are helping the donut market grow. These places offer lots of different donut flavors and toppings, making it fun for customers. As more food spots open globally, the donut market is expected to grow.

Why Opening A Doughnut Business Is A Good Idea

Making donuts is cost-effective, ranking as the second most profitable food item nationwide, just after potatoes. The average cost to produce and finish a donut is around 12 cents. For instance, my signature yeast donut, crunched on 12-01-22, costs only 0.7 cents to make. The profit potential for a donut shop is clear and doesn’t need sugar-coating.

Donut shops can be highly profitable. Unlike restaurants, which struggle with bulk sales and diversification, most donut shops also sell coffee, espresso, and other baked goods for larger profits. Combining related products like deli items, soups, sweet rolls, croissants, and muffins is straightforward. Donut wholesale accounts are easy to acquire because donuts practically sell themselves—after all, who doesn’t love a hot, fresh donut?

Starting a donut business doesn’t have to be complicated. Selling specialty donuts at local events or operating a concessions van on weekends with a mini-donut-making machine are simple yet effective approaches. Whatever path you choose, entering the donut business is a great way to supplement income or start a new venture.

Once a donut shop is running smoothly, owners can economically open a satellite location, known as a “cold spot.” This secondary spot, carrying all the products of the primary shop, can be up and running within weeks and operated by just one employee.

What is the doughnut problem?

In essence, the doughnut problem stems from a change in consumer behavior hastened by Covid-19.

With most of the population working from home during lockdowns, fewer people are commuting to cities for work and shopping. Consider London as an example: foot traffic in the city center only bounced back to 25% of normal levels after the spring 2021 lockdown but fully recovered in residential areas. Moreover, there’s a growing trend of reevaluating city life after experiencing it during the pandemic. According to PwC, 416,000 city dwellers surveyed expressed their intention to leave London within a year.

When you factor in these aspects, you end up with significantly fewer people visiting city centers (the hole) and more people spending time in the suburbs and fringes (the delicious, doughy bit).

Are there any specific trends influencing the donut market growth?
The global doughnut market is growing. This is because of more disposable income. People of all ages like doughnuts. There are more flavors, ingredients, and textures available, contributing to this growth.