Therefore, the growing number of stores and retail outlets are expected to propel the growth of the market in focus during the forecast period. The growth in the infrastructure in developing countries, like new airports and highways, also provides scope to major coffee chains to establish new outlets. The growing popularity of malls and shopping centers has also encouraged many new players to invest substantially in the distribution of doughnuts through these centers. Leading doughnut chains such as Krispy Kreme Doughnuts, Tim Hortons, and Dunkin' Brands Group are opening outlets in emerging economies. Varied tastes and preferences for different types of food and beverages, such as fresh baked goods and hot beverages, have further led to the emergence of doughnut shops, coffee shops, and quick-service restaurants (QSRs).

In addition, the increased influx of people to urban areas and a substantially large white-collared demographic have necessitated an increase in the number of foodservice outlets. Socializing at cafés has become popular among urban youth. However, factor such as fluctuating prices of raw materials may hamper the market growth. Growing number of stores and retail outlets, and increased snacking and indulgence consumption are among the major factors propelling market growth. LONDON-( BUSINESS WIRE)-The global doughnuts market size is expected to grow by USD 5.69 billion during 2020-2024, progressing at a CAGR of 4% during the forecast period.

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