Global yogurt brands to add flavour to Indian cuisine
The food and beverage (F&B) market is estimated to be around R33,000 crore and health-segment is one-third of it making it around R11, 000 crore business. The frozen dessert market in India is $500 million out of which 50 million is frozen yogurt.
Rahul Kumar, CEO of Red Mango that holds the rights of franchise of Red Mango as a division on Maez One Retail seeks to establish the brand as a premium frozen yoghurt and smoothie major. “Our company would make an investment of $4 million in 2012 and would be expanding in the NCR, Mumbai, Bangalore and Chandigarh by opening 12-15 new stores,” said Kumar. Red Mango is a quick service restaurant that would deal in other healthy products such as waffle (fat-free cakes), yogurt contains probiotics, low calorie sandwiches and smoothie (health drink made of real fruits) and fresh fruit toppings which are rich in anti oxidants, said Kumar.
South Korean yogurt chain Yogurberry which is a recent entrant in the Indian market is planning to open over 100 outlets across the country in next five years. The South
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