Asia Pacific Doughnuts Market Size, Share & Trends Analysis Report By Base Type (Yeast Doughnuts and Cake Doughnuts), By Distribution Channel (Food Service Channels and Retail Channels), By Country and Growth Forecast, 2024 - 2031

Analysis of Market Size & Trends

The Asia Pacific Doughnuts Market would witness market growth of 5.9% CAGR during the forecast period (2024-2031).

The China market dominated the Asia Pacific Doughnuts Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $871.1 Million by 2031. The Japan market is registering a CAGR of 5.3% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 6.7% during (2024 - 2031).

These are increasingly integrated into mainstream retail channels, such as supermarkets and convenience stores. Pre-packaged doughnuts, including single-serve and multi-pack options, are available, catering to consumers who seek convenience and variety. This integration into everyday retail environments has broadened reach and increased availability. Coffee and breakfast chains have increasingly adopted these to complement their core products. Establishments such as Starbucks and Tim Hortons feature doughnuts alongside their coffee and breakfast menus, enhancing their appeal as convenient, indulgent options for customers seeking a quick and satisfying snack or meal.

Also, they are being adapted and incorporated into various cultural cuisines through fusion and localized versions. For example, doughnuts with flavors inspired by regional sweets, such as matcha in Japan or dulce de leche in Latin America, reflect a growing trend of cultural adaptation. This fusion of flavors helps them resonate with diverse audiences and promotes adoption in different cultural contexts. The rise of gourmet doughnut shops has revolutionized the adoption of these, turning them into high-end, artisanal products.

As Chinese consumers become more exposed to Western culture, there is a growing curiosity and acceptance of Western foods, including doughnuts. This cultural shift is helping to popularize doughnuts across different regions in China. Major international doughnut brands like Krispy Kreme and Dunkin’ are expanding their presence in China. These brands bring global marketing strategies and a quality reputation, boosting this market. The food service industry in India is projected to reach $125.06 billion by 2029, growing at a rate of 10.21 percent from its predicted $69.7 billion valuation in 2023. The growth of quick-service restaurants (QSRs) in India is expanding the availability of these in the fast-food sector. Chains like Dunkin’ Donuts and Krispy Kreme are rapidly establishing outlets nationwide, making them more accessible to the mass market. This expansion caters to the growing demand for convenient and affordable indulgent treats. Hence, high expenditure on food items and expanding the region's food service sector drive the market's growth.

Free Valuable Insights: The Global Doughnuts Market is Predict to reach USD 15.4 Billion by 2031, at a CAGR of 4.9%

Based on Base Type, the market is segmented into Yeast Doughnuts and Cake Doughnuts. Based on Distribution Channel, the market is segmented into Food Service Channels and Retail Channels (Supermarkets/Hypermarkets, Convenience Stores, Online Channels, and Other Retail Channels Type). Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.

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

Asia Pacific Doughnuts 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

• China
• Japan
• India
• South Korea
• Australia
• Malaysia
• Rest of Asia Pacific