According to Cognitive Market Research, The Global Doughnuts market will be USD 12 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 7.00% from 2023 to 2030.
The demand for doughnuts market is rising due to rising disposable income, changing food preferences, and growing demand for convenience foods.
Demand for cake style remains higher in the doughnuts market.
The food service category held the highest doughnuts market revenue share in 2023.
North America will continue to lead, whereas the Asia Pacific doughnut market will experience the strongest growth until 2030.
