Vegan Donuts Market Poised for a 9.6% CAGR, Eyeing US$ 273.8 Million by 2033

CITY, Country, 2024-Feb-13 — /EPR Network/ —

The value of the global vegan donut market at US$ 120.4 Mn in 2023 and at US$ 273.8 Mn by 2033. Increasing veganism and the worldwide demand for vegan donuts are two major factors behind this growth.

As more and more people learn about the beneficial effects of vegan baked goods on their gut health, immune system, and inflammation levels, they are making the switch to vegan options as part of their normal snacking routine. The growth of the vegan donuts market, however, may be hindered soon by competition from conventional snack foods.

As a result, the forecast calls for a 9.6 % growth rate in the vegan donuts market, with the United Kingdom, the United States, Germany, and Japan rising to prominence as major manufacturers.

Download Sample Copy @
https://www.futuremarketinsights.com/reports/sample/rep-gb-16126

Over the projected time period, vendors are expected to benefit greatly from the expansion of the retail sector. Further, developments in the market, such as the rising desire for healthier doughnuts, are likely to present sellers with fresh expansion possibilities. However, raw material price fluctuations pose a threat to the expansion of the market players. Suppliers to the market would do well to maintain their footholds in the slower-growing categories while shifting their attention to the fast-growing ones.

In the United States, the rising popularity of private-label bakery products can be attributed in large part to the extensive selection made available by numerous suppliers. In recent years, vegan donuts and vegan baked goods have become increasingly available at supermarkets, drugstores, and even online. Private-label goods are a viable option for thrifty shoppers. In order to increase their bottom lines, stores are more likely to stock private-label products rather than name brands.

In terms of driving economic expansion, sustainability has emerged as decisive.

As more people become aware of the link between agriculture and environmental degradation, they are increasingly looking to purchase food products from companies that use environmentally friendly processes.

Manufacturers are working on optimising supply chain processes to keep consumers informed about their sustainable practises and boost sales, even while vegan baked goods correspond to ethical concerns over animal care.

Iceland’s recent ban on palm oil use in vegan baked goods is indicative of growing support for environmentally friendly business methods in the food processing industry. The move comes after reports of child labour, deforestation, and a decline in animal populations in Malaysia and Indonesia, where the oil was previously sourced.

Get Full Access of this Report! https://www.futuremarketinsights.com/checkout/16126

Key Takeaways

  • The Japanese vegan donut market is expected to hold a share of 5.2%
  • The trend toward healthier ways of living is primarily responsible for the expansion of this sector.
  • The Germany vegan donut market is expected to hold a share of 16.4%
  • There has been a rise in demand for vegan donuts in the hospitality industry, and in response, many businesses have formed partnerships to provide this market.

Competitive Landscape

The degree to which market segments are separated is high now and is expected to rise even further during the predicted period. The market’s players are using a mix of organic and inorganic growth tactics including new product launches and mergers and acquisitions to sustain growth and stay ahead of the competition.

Top Companies Offering Vegan Donuts:
Considerit – Edinburgh, Scotland: Considerit’s bakers are advocates of a vegan future, and they’re using donuts to spread their message. On top of that, they produce high-quality ice cream and chocolate. They make healthy items that taste incredibly decadent.

Lovebirds Donuts – Kittery, USA: The slow-raised yeast doughnuts at Lovebirds are what set them apart, providing the kind of gourmet quality we all seek. Alternatively, if cake donuts are more your style, you can find them here as well, in a wide variety that rotates every month.

Donut Corp – Santiago, Chile: Small batch, seasonal brioche doughnuts made in a 24-hour cycle are the specialty of this craft donut store. They are the quintessential comfort food because of the brioche method, which gives them an extra buttery, airy flavour.

Access the Complete Report Methodology Now! https://www.futuremarketinsights.com/request-report-methodology/rep-gb-16126

Key Segments

By Product:

  • Yeast doughnuts
  • Cake doughnuts

By Distribution Channel:

  • E-commerce
  • Offline
    • Vitamins & Supplements Stores
    • Retail and Departmental Stores
    • Supermarkets
    • Vegan Fairs
    • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)
  • Explore FMI’s Extensive Coverage in the Food and Beverages Domain:Electric Meat Saw Market Size: The market value is projected to increase from US$ 2,194.9 Mn in 2022 to US$ 3,784.9 Mn by 2032.

    Processed Meat Market Share: The global processed meat market is expected to be valued at US$ 349.5 billion in 2023.

    Meat Substitutes Market Analysis: Global demand for meat substitutes is expected to rise at a yearly growth rate of 5.0% Y-o-Y to US$ 67.9 billion in 2033.

    Plant-Based Fish Feed Market: The plant-based fish feed market is valued at US$ 6.8 Billion in 2021. It is set to grow at 6% CAGR through 2032 at a value of US$ 12.2 Billion.

    Plant-Based Chorizo Market Outlook: Plant-based chorizo market size exceeded USD 38.0 Million in 2022 and is estimated to grow at over 8.7% CAGR between 2022 and 2032.

Author by:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

Matched content

Editor’s pick

Express Press Release Distribution