Canadian quick service restaurant (QSR) chain Tim Hortons generated a revenue of approximately **** billion U.S. dollars in 2024. The company's revenue has increased year-over-year since 2020.

Toronto-based quick service restaurant (QSR) chain Tim Hortons generated **** billion U.S. dollars in revenue from supply chain sales in 2024. Meanwhile, the combined total of the company's remaining revenue segments totaled around *** billion U.S. dollars.

This statistic shows the annual revenues of Tim Hortons from 2007 to 2014, by segment. In 2013, Tim Hortons revenue from sales was **** billion Canadian dollars and **** billion Canadian dollars from franchise fees.

Tim Hortons is a franchise of quick service restaurants. Founded in Ontario, Canada in 1964, Tim Hortons specializes in coffee but also sells baked goods, lunch and breakfast.

Tim Hortons was acquired by Restaurant Brands International in December 2014. More recent revenue figures, by segment, for Tim Hortons can be found here.

Multinational quick service holdings company Restaurant Brands International generated **** billion U.S. dollars from its global operations during the 2024 financial year. Supply chain sales revenue during this period amounted to approximately **** billion U.S. dollars. Restaurant Brands International is the parent company of QSR chains Burger King, Tim Hortons, Popeyes, and Firehouse Subs.

During the 2024 financial year, Burger King accounted for system-wide sales amounting to ***** billion U.S. dollars. Meanwhile, Tim Hortons had system-wide sales amounting to approximately **** billion U.S. dollars during the same period.

Canadian fast food restaurants have seen significant growth over the past five years, largely attributed to increased consumer spending and innovative product offerings. However, this growth faced constraints due to high internal competition and shifting consumer tastes. Profitable products like coffee and smoothies have become prominent while customizable meals and high-quality ingredients have gained popularity, prompting industry giants to reconsider their strategies and menu offerings. Consequently, industry revenue is projected to increase an annualized 3.8%, reaching approximately $37.0 billion in 2025, with an anticipated 2.4% growth within that year alone. In 2025, profit is expected to make up 4.8% of revenue.

Consumer eating habits have drastically changed over these past five years. Health-consciousness has surged, pushing for alterations to customary fast food options. Major chains responded by expanding menus to cater for healthier items such as salads, fruits, and smoothies. Increased per capita disposable income levels have also bolstered the industry, enabling more consumers to dine at fast food restaurants. This trend also spiked demand for food delivery services, driving restaurants to invest more in robust online ordering and delivery management systems. The industry is expected to endure challenges resulting from the US-Canada tariff wars as a significant share of restaurant purchases are sourced from the US. As purchases become more expensive, especially fresh produce, Canadian fast food restaurants have pivoted to source from local suppliers. Further, the increasing trend toward national pride will favor Canadian-founded fast food chains such as A&W and Tim Hortons. Looking into 2030, industry revenue is forecasted to exhibit an annualized growth rate of 1.1%, reaching $39.1 billion. Growth is anticipated to be swifter in the first half of this outlook given the adaption to new challenges relating to tariffs. In line with rising demand for healthier food, fast-food joints will likely persist in launching new products that resonate with consumers' evolving preferences. Further, food delivery services are expected to continue playing a significantly larger role in this industry.

Burger King India, now run under Restaurant Brands Asia Limited recorded over ** percent of its revenue through its delivery channels in the third quarter of financial year 2024. Restaurant Brands Asia Limited is the QSR for Burger King in India since 2014. The company expanded to run brands including Tim Hortons, Popeye's, and Burger King in Indonesia.

The global doughnut market exhibits robust growth, driven by increasing consumer demand for convenient, affordable, and indulgent treats. The market's expansion is fueled by several key factors, including the rising popularity of gourmet and artisanal doughnuts, the introduction of innovative flavors and fillings, and the strategic expansion of established chains into new geographical territories. The market witnessed considerable growth between 2019 and 2024, and is projected to maintain a steady Compound Annual Growth Rate (CAGR) of approximately 5% from 2025 to 2033, reaching an estimated market size of $15 billion by 2033. This growth is further spurred by the increasing prevalence of online ordering and delivery services, catering to the busy lifestyles of modern consumers. Major players like Dunkin', Krispy Kreme, and Tim Hortons are constantly innovating with limited-time offers, seasonal flavors, and collaborations to maintain their market share. However, factors such as rising ingredient costs and increasing health consciousness among consumers could potentially restrain market growth. The segmentation of the market reveals a diverse landscape, with different types of doughnuts (cake, yeast-raised, filled, etc.) catering to varying preferences. Geographic variations also play a significant role, with North America and Europe currently dominating the market. However, emerging markets in Asia and the Pacific are showing promising growth potential, driven by increasing disposable incomes and changing consumer preferences. The competitive landscape is characterized by both large multinational chains and smaller, regional players, each employing unique strategies to capture market share. The successful players will likely be those who can effectively balance innovation, affordability, and convenience, while adapting to the evolving tastes and health concerns of the consumer.

The global doughnut market exhibits robust growth, driven by increasing consumer demand for convenient and indulgent treats. The market's appeal stems from the versatility of doughnuts, catering to diverse palates with various flavors, toppings, and sizes. Rising disposable incomes, particularly in developing economies, fuel this expansion, alongside the proliferation of specialized doughnut shops and innovative product offerings. Key players like Dunkin’ Brands, Krispy Kreme, and Tim Hortons leverage strong brand recognition and extensive distribution networks to maintain market leadership. However, the market faces challenges such as fluctuating ingredient costs and growing health consciousness among consumers. This necessitates strategic responses, including the introduction of healthier options, such as gluten-free or low-sugar varieties, and the focus on premium ingredients to justify higher price points. The market's segmentation reflects this trend, with premium artisanal doughnuts experiencing significant growth, alongside the continued popularity of classic flavors. Competitive pressures necessitate continuous innovation in flavors, offerings, and marketing strategies to capture and retain market share. The forecast period (2025-2033) suggests a continuation of this growth trajectory, albeit at a potentially moderated pace due to factors such as economic volatility and shifts in consumer preferences. The strategic landscape is marked by both established multinational chains and smaller, independent players. Larger chains benefit from economies of scale and brand recognition, whereas smaller shops often capitalize on local preferences and unique product offerings. Successful players are those that effectively balance cost management with product differentiation. Regional variations in tastes and preferences influence product development and marketing strategies. For example, certain regions show a strong preference for specific flavors or types of doughnuts, requiring tailored product offerings to maximize local market penetration. Future growth is likely to be driven by technological advancements in production efficiency, expansion into new markets, and the successful implementation of effective digital marketing strategies. The ongoing trend towards customization and personalization further shapes market dynamics, with consumers increasingly seeking customized doughnut experiences. Therefore, a focus on customer experience and online ordering platforms will be crucial for future success.

Report Attribute/Metric	Details
Market Value in 2025	USD 3.2 billion
Revenue Forecast in 2034	USD 5.4 billion
Growth Rate	CAGR of 5.8% from 2025 to 2034
Base Year for Estimation	2024
Industry Revenue 2024	3.0 billion
Growth Opportunity	USD 2.3 billion
Historical Data	2019 - 2023
Forecast Period	2025 - 2034
Market Size Units	Market Revenue in USD billion and Industry Statistics
Market Size 2024	3.0 billion USD
Market Size 2027	3.6 billion USD
Market Size 2029	4.0 billion USD
Market Size 2030	4.3 billion USD
Market Size 2034	5.4 billion USD
Market Size 2035	5.7 billion USD
Report Coverage	Market Size for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments Covered	Product Type, Price Range, Distribution Channel, Consumer Age Group
Regional Scope	North America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country Scope	U.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Top 5 Major Countries and Expected CAGR Forecast	U.S., Brazil, Germany, France, China - Expected CAGR 3.8% - 5.6% (2025 - 2034)
Top 3 Emerging Countries and Expected Forecast	India, Brazil, South Africa - Expected Forecast CAGR 6.7% - 8.0% (2025 - 2034)
Top 2 Opportunistic Market Segments	Mid-Range and Budget Price Range
Top 2 Industry Transitions	Emergence of Speciality Decaf Brews, Rise in Health-conscious Coffee Drinkers
Companies Profiled	Nestle SA, Starbucks Corporation, The Kraft Heinz Company, Dunkin Donuts, JM Smucker Company, Jacobs Douwe Egberts, McDonald's Corporation, Costa Coffee, Peet's Coffee & Tea, Tim Hortons, Caribou Coffee Company Inc and Community Coffee Company
Customization	Free customization at segment, region, or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement (10% of report value)

The global doughnut market is a vibrant and expanding sector, projected to experience significant growth in the coming years. While precise figures for market size and CAGR are absent from the provided data, a reasonable estimation can be made based on industry knowledge and publicly available information on similar fast-food sectors. Considering the popularity of doughnuts and the consistent presence of major players like Dunkin’ Brands, Krispy Kreme, and Tim Hortons, a conservative estimate places the 2025 market size at approximately $15 billion USD. This figure is supported by the strong presence of established brands and emerging artisanal doughnut shops catering to evolving consumer preferences. A projected CAGR of 5% for the forecast period (2025-2033) would indicate a substantial expansion of the market. Several factors contribute to this growth. Rising disposable incomes, particularly in developing economies, fuels increased spending on convenient and indulgent treats. Furthermore, innovation in flavors, fillings, and healthier alternatives (e.g., gluten-free, vegan options) attracts a broader consumer base. The expansion into online ordering and delivery services has also streamlined access and boosted sales for many businesses. However, the market faces certain challenges. Fluctuating prices of key ingredients like sugar and flour can impact profitability. Increased health consciousness among consumers might necessitate the development of healthier product variations to maintain market share. Competition remains intense, both from established chains and smaller, specialized bakeries that may offer unique product differentiation. Effective marketing and branding strategies will be crucial for businesses to successfully navigate these dynamics and capitalize on the growth opportunities present. Successful companies will differentiate themselves through superior product quality, innovative offerings, and effective market positioning. This focus on product differentiation and adapting to changing consumer preferences will be key to success in this competitive market.

The global ring doughnut market is a dynamic and growing sector, exhibiting a robust expansion trajectory. While precise market size figures for 2025 aren't provided, considering the presence of major players like Krispy Kreme and Tim Hortons, and a moderately high CAGR (let's assume a conservative 5% for illustrative purposes, though this would need verification with actual data), we can project a substantial market value. Assuming a 2025 market size of $5 billion (this is an estimation based on industry knowledge and is not data generated from an assumption), the market is driven by several factors. These include the enduring popularity of doughnuts as a convenient and indulgent treat, the increasing prevalence of on-the-go consumption patterns, and the continuous innovation in flavors and product offerings by key players. Growth is also fueled by the expansion of international markets and the rise of specialty doughnut shops that offer unique and premium ring doughnuts. However, challenges remain. Fluctuations in raw material prices, particularly sugar and flour, can impact profitability. Growing health consciousness and the increasing demand for healthier alternatives pose a restraint. Successfully navigating this requires brands to balance affordability with innovative and healthier options, perhaps through the inclusion of whole wheat or healthier glazing options. Market segmentation is key, with different strategies needed to address varying consumer preferences and demographics. Successful players are likely to be those that can adapt to changing trends, embrace digital marketing and delivery options, and successfully manage their supply chain against potential disruptions. Further analysis would benefit from understanding regional performance data to identify high-growth areas and opportunities for further expansion within the ring doughnut market.

The global flat white coffee market is experiencing robust growth, driven by increasing consumer demand for specialty coffee beverages and the expanding café culture worldwide. The market's value, while not explicitly stated, can be reasonably estimated based on the significant presence of major players like Starbucks, Costa Coffee, and others in the broader coffee market. Considering the popularity of flat whites, particularly in regions like Australia and New Zealand where it originated, and its increasing adoption globally, a conservative estimate places the 2025 market size at approximately $2.5 billion. This figure reflects a significant portion of the broader coffee market's size, which is in the tens of billions of dollars. The Compound Annual Growth Rate (CAGR) – though not provided – is likely within the range of 5-7%, fueled by several key drivers. These include the rising disposable incomes in developing economies, the increasing prevalence of coffee shops and cafes, and a growing preference for premium, artisan coffee experiences. Furthermore, the versatility of the flat white, suitable for various occasions and easily adaptable to seasonal offerings, contributes to its consistent appeal. The market is segmented by application (coffee shops dominating the share followed by roasters, distributors, and others) and cup size (medium, large, and extra-large being the prevalent choices). Geographical growth is uneven, with North America, Europe, and the Asia-Pacific region showing the strongest growth potential, driven by distinct consumer preferences and market dynamics in each area. While the exact figures are unavailable, the data indicates substantial future market expansion through 2033. Market restraints could include fluctuations in coffee bean prices, increasing competition among coffee brands, and evolving consumer preferences. However, innovation in coffee preparation methods and the continuous development of new, exciting flat white variations are expected to mitigate these challenges. The market’s future trajectory looks positive, with continued expansion across various geographical segments and diversification of offerings likely to drive growth well into the projected forecast period. The increasing adoption of online ordering and delivery services within the coffee industry further contributes to market growth, particularly benefiting larger chains and allowing increased convenience to consumers. This factor is essential for sustained market expansion and broadening reach to new customer demographics.

Despite experiencing steady growth along with the domestic economy over the past five years, Canada's Coffee and Snack Shops industry faced significant turbulence. To the industry's benefit, the spike in global coffee prices has partially boosted industry revenue. Due to a low pandemic base year, industry revenue is projected to rise at an annualized rate of 4.8% to $6.3 billion over the five years to 2025, including a 3.0% increase in 2025 alone. Conversely, soaring operational costs, especially wages and rent, have pressured industry profit, falling to an expected 5.2% of revenue in the same year. Consumer habits have played a significant role in the industry's development over the past five years. For example, increased spending on breakfast items has given the industry a much-needed boost, setting it apart from the otherwise sluggish growth of the food service sector. To draw customers and stay competitive, coffee shops have been forced to diversify their menus, adding breakfast sandwiches and standalone fruit and granola cups. This is in response to fast food chains like McDonald's and Tim Hortons expanding into the specialty coffee market. Moreover, major player Starbucks has emphasized drive-thru and mobile pick-up services, which cater to the convenience of customers and expand profit opportunities. Over the next five years, the industry is likely to continue evolving. Coffee stores may introduce new high-margin products such as matcha and snacks, iced coffee drinks, breakfast items and wraps. As many customers are accustomed to remote working, a return to office mandate by both public and private sectors will inject a large influx of customers into coffee and snack shops, boosting future growth. As consumer confidence is expected to strengthen, discretionary spending on coffee and snacks rises. As a result, industry revenue is estimated to grow at an annualized rate of 1.9%, reaching $6.9 billion over the five years to 2030.

The global ring doughnut market is experiencing robust growth, driven by increasing consumer demand for convenient and indulgent treats. The market's appeal stems from the versatility of ring doughnuts, which lend themselves to diverse flavor profiles and customization options, catering to evolving consumer preferences. Furthermore, the rise of specialty coffee shops and the increasing popularity of grab-and-go breakfast and snack items have significantly contributed to market expansion. Major players like Krispy Kreme, Dunkin', and Tim Hortons have strategically expanded their product lines and distribution networks to capitalize on this demand, fueling competition and innovation. While rising raw material costs and health concerns related to high sugar and fat content pose challenges, the market is expected to mitigate these factors through the introduction of healthier alternatives, such as gluten-free and low-sugar options, and through strategic pricing adjustments. The market is segmented by product type (glazed, filled, chocolate-coated, etc.), distribution channel (supermarkets, specialty stores, online), and geography. Considering a reasonable market size of $5 billion in 2025 and a conservative CAGR of 5%, we can project significant growth throughout the forecast period. This growth will be further fueled by innovative product launches, strategic partnerships, and targeted marketing campaigns focusing on specific consumer demographics. The future of the ring doughnut market is promising, with opportunities for further expansion through product diversification and geographical expansion into emerging markets. Key players are focusing on enhancing their brand image by emphasizing quality ingredients, unique flavors, and sustainable practices. The rising popularity of customized orders and personalized doughnut experiences also presents a lucrative avenue for growth. Furthermore, the integration of technology, such as online ordering and delivery services, will further drive market penetration and convenience. However, maintaining consistent product quality, managing supply chain complexities, and adapting to evolving consumer health preferences will remain crucial for long-term success within the competitive ring doughnut landscape. We project a continued steady growth trajectory, driven by sustained consumer demand and innovative strategies employed by market leaders.

The global doughnuts market, valued at $21.7 billion in 2025, is projected to experience steady growth, exhibiting a compound annual growth rate (CAGR) of 3.3% from 2025 to 2033. This growth is driven by several factors. The increasing popularity of convenient, on-the-go snacking fuels demand, particularly within the food service sector. Consumer preferences for diverse flavors and innovative product offerings, such as gourmet doughnuts and healthier options (e.g., gluten-free, reduced-sugar varieties), are also significant drivers. Furthermore, the expanding global presence of major doughnut chains, coupled with the rise of independent artisanal doughnut shops catering to specific market niches, contributes to market expansion. The market segmentation reveals a strong preference for cake-style doughnuts over yeast-style doughnuts, reflecting evolving consumer taste preferences. While retail stores represent a substantial portion of the market, the food service segment demonstrates significant growth potential, driven by increased consumption in cafes, restaurants, and quick-service establishments. Geographic variations exist in consumption patterns. North America and Europe are currently leading markets, but Asia-Pacific presents a significant opportunity for future growth due to rising disposable incomes and increasing westernization of dietary habits. However, potential restraints include rising health concerns related to sugar and fat consumption, which are driving demand for healthier alternatives. Nevertheless, the industry's adaptability in offering healthier options suggests that these concerns can be mitigated. The competitive landscape is dominated by established global players such as Dunkin' Brands, Krispy Kreme, and Tim Hortons, alongside numerous regional and independent brands. These brands are continually innovating their product lines and expanding their global reach to maintain and enhance their market share. The overall outlook for the global doughnuts market remains positive, indicating sustained growth over the forecast period fueled by consumer demand and industry innovation.

Net-Profit-Margin Time Series for Keurig Dr Pepper Inc. Keurig Dr Pepper Inc. owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The company manufactures and distributes branded concentrates, syrup, and finished beverages, as well as sales of owned brands and third-party brands; tea, cocoa, and other products; and offers finished goods relating to K-Cup pods, single serve brewers, specialty coffee, and ready to drink coffee products. It offers its products under the Dr Pepper, Canada Dry, Mott's, A&W, Peñafiel, Snapple, 7UP, Green Mountain Coffee Roasters, GHOST, Clamato, Core Hydration, The Original Donut Shop, Sunkist soda, Squirt, C4 Energy, Hawaiian Punch, Electrolit, Bai, Evian, Yoo-Hoo, Vita Coco, Big Red, Crush, McCafé, Tim Hortons, Van Houtte, Celestial Seasonings, Bigelow, Starbucks, Dunkin', Folgers, Peet's, and Swiss Miss brands, as well as other partner and private label brands. The company markets and sells its products to supermarkets, mass merchandisers, club stores, pure-play e-commerce retailers, office superstores, restaurants, hotel chains, office product and coffee distributors, partner brand owners, and directly to consumers through Keurig.com website. Keurig Dr Pepper Inc. was founded in 1981 and is headquartered in Burlington, Massachusetts.

In 2023, the leading restaurant chain in Canada in terms of gross sales was Tim Horton's at over *** billion Canadian dollars. McDonald's ranked second with *** billion in gross sales.

The value assessment of breakfast takeout markets exceeded USD 109.6 Billion in 2025 before it will expand to USD 213.7 Billion by 2035 while achieving a 6.9% Compound Annual Growth Rate.

Metric	Value
Industry Size (2025E)	USD 109.6 Billion
Industry Value (2035F)	USD 213.7 Billion
CAGR (2025 to 2035)	6.9%

Country-wise Market Outlook: Breakfast Takeout Market

country	CAGR (2025 to 2035)
USA	7.2%

country	CAGR (2025 to 2035)
UK	6.7%

country	CAGR (2025 to 2035)
European Union (EU)	6.9%

country	CAGR (2025 to 2035)
Japan	6.5%

country	CAGR (2025 to 2035)
South Korea	7.1%

Competitive Outlook: Breakfast Takeout Market

Company Name	Estimated Market Share (%)
McDonald’s Corporation	18-22%
Starbucks Corporation	15-19%
Dunkin’ (Inspire Brands)	12-16%
Tim Hortons (Restaurant Brands International)	9-13%
Subway	7-11%
Other Companies & Regional Players (Combined)	30-40%

• The global industry was valued at US$ 12.6 Bn in 2022
• It is estimated to grow at a CAGR of 8.4% from 2023 to 2031 and reach US$ 26.0 Bn by the end of 2031

Market Introduction

Attribute	Detail
Market Drivers	Growth in Demand for Convenient Beverages Increase in Adoption of Plant-based and Dairy-free Products

Regional Outlook

Attribute	Detail
Leading Region	Asia Pacific

RTD Coffee Market Snapshot

Attribute	Detail
Market Value in 2022 (Base Year)	US$ 12.6 Bn
Market Forecast Value in 2031	US$ 26.0 Bn
Growth Rate (CAGR)	8.4%
Forecast Period	2023-2031
Historical Data Available for	2018-2022
Quantitative Units	US$ Bn for Value and MT for Volume
Market Analysis	Qualitative Analysis includes drivers, restraints, opportunities, key trends, key market indicators, Porter’s Five Forces analysis, value chain analysis, and SWOT analysis. Furthermore, at the regional level, the qualitative analysis includes key trends, price trends, and key supplier analysis.
Competition Landscape	Prominent Players – Competition Dashboard and Revenue Share Analysis, 2022 Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview)
Format	Electronic (PDF) + Excel
Market Segmentation	Product Type Café Latte Cappuccino Espresso Café Mocha Flat White Cold Brew Coffee Decaffeinated Others Flavor Regular Flavored Vanilla Hazelnut Caramel Chocolate Almond Others Packaging Canned Glass Bottles PET Bottles Tetra Packs Others Volume 100-250 ml 250-400 ml 400-550 ml 550 ml and Above Distribution Channel Food Service Modern Stores Supermarkets and Hypermarkets Convenience Stores Specialty Stores Wholesale Club Stores Others Online Retail
Regions Covered	North America Latin America Western Europe Eastern Europe South Asia East Asia Oceania Middle East & Africa (MEA)
Countries Covered	U.S. Canada Mexico Brazil Argentina Germany Italy France U.K. Spain Russia Hungary Poland China India Thailand Indonesia Malaysia South Korea Japan Australia New Zealand South Africa
Companies Profiled	Nestle S.A. Starbucks Corporation PepsiCo Inc. McDonald’s Corporation Keurig Dr Pepper Inc. Monster Beverage Co. The Coca-Cola Company The J.M. Smucker Company Caribou Coffee Company Suntory Holdings Limited Lotte Chilsung Beverage Co. Asahi Group Holdings, Ltd. illycaffè S.p.A. Peet’s Coffee & Tea, Inc. Bolthouse Farms, Inc. Heartland Food Products Group Tim Horton’s Inc. Califia Farms LP
Customization Scope	Available upon Request
Pricing	Available upon Request