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Report
Latin America Doughnut Market Report and Forecast 2024-2032
Market Report I 2023-11-13 I 180 Pages I EMR Inc.
Latin America Doughnut Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the Latin America doughnut market is projected to grow at a CAGR of 3.8% between 2024 and 2032 reaching a value of approximate USD 1.73 billion by 2032.. Aided by surging urbanisation, evolving taste preferences, and the growing influence of Western food habits, along with the expanding e-commerce industry, the market is expected to grow significantly by 2032.
Doughnuts, often termed as the sweet, deep-fried delights, have witnessed a robust rise in popularity in Latin America. Originally viewed as a dessert or snack predominantly in North American or European regions, doughnuts have found a firm footing in the diverse culinary landscape of Latin America, becoming a preferred choice for numerous occasions, from breakfasts to social gatherings.
A driving force behind the Latin America doughnut market growth is the region's rapid urbanisation and the associated lifestyle changes. As urban centres burgeon and people lead busier lives, there's a growing propensity towards quick, on-the-go snacks, and doughnuts, with their sweet allure, perfectly fit the bill.
Furthermore, the growing influence of Western culture, propelled by globalisation and increased digital connectivity, has reshaped the food preferences of many in the region. As per the Latin America doughnut market analysis, the proliferation of international doughnut chains, such as Dunkin' and Krispy Kreme, in major Latin American cities, attests to the doughnut's rising star in the region's food scene.
Moreover, innovation and localisation of flavours have significantly buoyed the doughnut market. Recognising the diverse palate of Latin American consumers, several vendors have introduced flavours and toppings that resonate with local tastes, incorporating ingredients like dulce de leche, guava, and tropical fruits, thereby enhancing the doughnut's appeal and further propelling the Latin America doughnut market demand.
The flourishing cafe culture in Latin America further fortifies the market's prospects. As cafes evolve into social gathering spots, many have incorporated doughnuts into their menus, often pairing them with coffee, ensuring their place in the popular coffee-doughnut combo cherished worldwide.
The ongoing trend of gourmet doughnuts, emphasising artisanal preparation, high-quality ingredients, and unique flavours, caters to the growing segment of health-conscious consumers and connoisseurs alike, further increasing the value of the Latin America doughnut market size. Additionally, the infusion of local flavours and ingredients ensures the doughnut's continued relevance in the diverse and rich gastronomic culture of Latin America.
Market Segmentation
The market can be divided based on type, end use, and country.
Market Breakup by Type
- Yeast Doughnuts
- Cake Doughnuts
- Others
Market Breakup by End Use
- Food Service
- Retail
- Others
Market Breakup by Country
- Brazil
- Argentina
- Mexico
- Chile
- Colombia
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Latin America doughnut market. Some of the major players explored in the report by Expert Market Research are as follows:
- Dunkin Donuts LLC
- Krispy Kreme, Inc.
- Grupo Bimbo
- Hostess Brands
- Starbucks Corporation
- Little Debbie
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Doughnut Market Overview
8.1 Key Industry Highlights
8.2 Global Doughnut Historical Market (2018-2023)
8.3 Global Doughnut Market Forecast (2024-2032)
8.4 Global Doughnut Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Latin America Doughnut Market Overview
9.1 Key Industry Highlights
9.2 Latin America Doughnut Historical Market (2018-2023)
9.3 Latin America Doughnut Market Forecast (2024-2032)
10 Latin America Doughnut Market by Type
10.1 Yeast Doughnuts
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Cake Doughnuts
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Others
11 Latin America Doughnut Market by End Use
11.1 Food Service
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Retail
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Others
12 Latin America Doughnut Market by Country
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Chile
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Colombia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter's Five Forces Analysis
13.2.1 Supplier's Power
13.2.2 Buyer's Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Dunkin Donuts LLC
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Krispy Kreme, Inc.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Grupo Bimbo
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Hostess Brands
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Starbucks Corporation
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Little Debbie
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Doughnut Market: Key Industry Highlights, 2018 and 2032
2. Latin America Doughnut Market: Key Industry Highlights, 2018 and 2032
3. Latin America Doughnut Historical Market: Breakup by Type (USD Million), 2018-2023
4. Latin America Doughnut Market Forecast: Breakup by Type (USD Million), 2024-2032
5. Latin America Doughnut Historical Market: Breakup by End Use (USD Million), 2018-2023
6. Latin America Doughnut Market Forecast: Breakup by End Use (USD Million), 2024-2032
7. Latin America Doughnut Historical Market: Breakup by Country (USD Million), 2018-2023
8. Latin America Doughnut Market Forecast: Breakup by Country (USD Million), 2024-2032
9. Latin America Doughnut Market Structure
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