Latin America Doughnut Market Report and Forecast 2024-2032

Latin America Doughnut Market Outlook

The Latin America doughnut market size is expected to grow at a CAGR of 5.50% between 2024 and 2032. The market is being driven by the rising popularity of doughnuts, availability of a wide variety, and introduction of new flavours.

Key Trends in the Market

A doughnut or donut is a fried food that is typically sweet and prepared from leavened dough. Doughnuts are generally in the shape of a ring or ball, with optional filling within and often topped with a glaze. Common ingredients of doughnuts are flour, sugar, leavening agent, milk, eggs, and salt.

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• Increasing interest in doughnuts across various countries in Latin America and rising disposable income of consumers are fuelling the growth of the Latin America doughnut market  and heightening the demand for premium doughnuts.

• Customisation of doughnuts is a growing trend where consumers can choose the shape, flavour, fillings, and glaze of their doughnuts. These custom doughnuts are popular for gifting and general purchasing.

• Rising trend of advertising doughnuts on the social media platforms using visually appealing images have increased their visibility and demand among consumers of various ages, particularly doughnuts in new flavours and variations.

Market Analysis

Based on type, the market is segmented into yeast doughnuts, and cake doughnuts, among others. On the basis of end use, the market is divided into food service, and retail, among others. By country, the doughnut market in Latin America is categorised into Brazil, Argentina, Mexico, Chile, and Colombia, among others.

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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Latin America doughnut market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Dunkin Donuts LLC

• Krispy Kreme, Inc.

• Grupo Bimbo

• Hostess Brands

• Starbucks Corporation

• Little Debbie

• Others

Market Share by End Use

Retail segment, based on end use, is growing rapidly in the Latin America doughnut market owing to growing popularity of doughnuts as a snack item. Consumers can easily purchase larger volumes of doughnuts at lower costs through retail outlets and choose from a wide range of options. Moreover, expansion of online retail outlets are increasing the convenience of purchasing doughnuts through retail as buyers can receive desired doughnuts directly at home. Meanwhile, food service end uses are anticipated to witness steady growth in the coming years as doughnuts are becoming a popular breakfast item served in several restaurants and cafes.

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Competitive Landscape

Dunkin Donuts LLC was founded in 1950 has its headquarter located in Massachusetts in the United States. This food coffee and doughnut company produces coffees, a wide range of doughnuts, and other baked goods for consumers globally.

Hostess Brands is a bakery company that was founded in 2013. The company is headquartered in Kansas in the United States and produces snack cakes, wafers, doughnuts, and cookies, among other products, with quality packaging for bulk items.

Starbucks Corporation was established in 1971 and has its headquarters located in Washington in the United States. This multinational coffeehouse company with branches worldwide offers cold coffees, hot drinks, and hot breakfast items, among others, to consumers.

Other market players include Krispy Kreme, Inc., Grupo Bimbo, and Little Debbie, among others.

Key Highlights of the Report