Aug 27, 2012: Frozen yogurt, ice teas and smoothies chain Red Mango plans to expand its presence across metro cities in India. According to the company sources, the chain expects to open 15-20 outlets in India this year. Red Mango which have five outlets in Delhi entered Indian market earlier this year.
According to a Delhi based consulting firm, Technopak, the global frozen yogurt market is estimated to be $75 billion and is growing a growth rate of 15-18%. It is expected that Indian frozen yogurt market will grow to reach %5billion in next three years as a result of demand for healthy foods and entry of new players.
