The North America Doughnuts Market is expected to witness market growth of 4.3% CAGR during the forecast period (2024-2031).
The US market dominated the North America Doughnuts Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $5.30 billion by 2031. The Canada market is experiencing a CAGR of 6.3% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 5.7% during 2024-2031.
Doughnuts, with their variety and versatility, serve many applications across different sectors. These are increasingly paired with specialty coffees in high-end cafés and coffee shops. The trend is to offer gourmet doughnut options that complement artisanal coffee blends. This pairing enhances the consumer experience and creates a premium offering that attracts coffee enthusiasts seeking a sophisticated snack to accompany their morning brew.
Furthermore, these are a base for innovative dessert creations in high-end dining and gastronomy. For instance, gourmet doughnut ice cream sandwiches or doughnut crème brûlée are emerging trends. These creations elevate these from a simple treat to a luxurious dessert, showcasing their adaptability in fine dining contexts. These are increasingly used for corporate branding and promotional purposes.
The growth of the food and beverage industry in Canada has led to heightened consumer interest in diverse and innovative food options, including them. Canadians are exploring new flavors and premium doughnut varieties, contributing to increased demand. As per the Government of Canada, in 2022, the food and beverage processing industry was the largest manufacturing industry in Canada in terms of production value, with sales of goods manufactured worth $156.5 billion. The rise of local e-commerce platforms like Linio and Mercadolibre, which cater specifically to Mexican consumers, provides a tailored shopping experience.
These platforms often highlight popular local products, including them, making them more visible to potential buyers. Mexican e-commerce sites often offer customization options that cater to regional tastes. Hence, the growing food and beverage processing sector and expansion of the e-commerce sector in North America are expected to boost the demand for these in the region.
The US market dominated the North America Doughnuts Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $5.30 billion by 2031. The Canada market is experiencing a CAGR of 6.3% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 5.7% during 2024-2031.
Doughnuts, with their variety and versatility, serve many applications across different sectors. These are increasingly paired with specialty coffees in high-end cafés and coffee shops. The trend is to offer gourmet doughnut options that complement artisanal coffee blends. This pairing enhances the consumer experience and creates a premium offering that attracts coffee enthusiasts seeking a sophisticated snack to accompany their morning brew.
Furthermore, these are a base for innovative dessert creations in high-end dining and gastronomy. For instance, gourmet doughnut ice cream sandwiches or doughnut crème brûlée are emerging trends. These creations elevate these from a simple treat to a luxurious dessert, showcasing their adaptability in fine dining contexts. These are increasingly used for corporate branding and promotional purposes.
The growth of the food and beverage industry in Canada has led to heightened consumer interest in diverse and innovative food options, including them. Canadians are exploring new flavors and premium doughnut varieties, contributing to increased demand. As per the Government of Canada, in 2022, the food and beverage processing industry was the largest manufacturing industry in Canada in terms of production value, with sales of goods manufactured worth $156.5 billion. The rise of local e-commerce platforms like Linio and Mercadolibre, which cater specifically to Mexican consumers, provides a tailored shopping experience.
These platforms often highlight popular local products, including them, making them more visible to potential buyers. Mexican e-commerce sites often offer customization options that cater to regional tastes. Hence, the growing food and beverage processing sector and expansion of the e-commerce sector in North America are expected to boost the demand for these in the region.
List of Key Companies Profiled
- Mcdonald’s Corporation
- Grupo Bimbo
- Starbucks Coffee Company
- Cargill, Incorporated
- General Mills, Inc.
- Kellogg Company
- Shipley Do-Nuts
- McKee Foods Corporation
- Krispy Kreme, Inc.
- Mighty-O Donuts
Market Report Segmentation
By Base Type
- Yeast Doughnuts
- Cake Doughnuts
By Distribution Channel
- Food Service Channels
- Retail Channels
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Channels
- Other Retail Channels Type
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. North America Doughnuts Market by Base Type
Chapter 5. North America Doughnuts Market by Distribution Channel
Chapter 6. North America Doughnuts Market by Country
Chapter 7. Company Profiles
Companies Mentioned
Some of the key companies profiled in this North America Doughnuts market report include:- Mcdonald’s Corporation
- Grupo Bimbo
- Starbucks Coffee Company
- Cargill, Incorporated
- General Mills, Inc.
- Kellogg Company
- Shipley Do-Nuts
- McKee Foods Corporation
- Krispy Kreme, Inc.
- Mighty-O Donuts
Methodology
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