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The Frozen Yogurt Industry is Losing Steam
Posted by Ed Teixeira
From a CNBC report, industry analysts are predicting that the 5.9 % annual growth of frozen yogurt sales in the U.S. for the past five years is forecast to grow only 2.4 % annually for the next five years, according to estimates from a November 2011 IBISWorld report. This 50% predicted drop in the growth rate of frozen yogurt could put a crimp in franchisors like Red Mango and Pinkberry. Bonnie Riggs, a restaurant industry analyst at The NPD Group said: "I'm not sure there's that much demand for frozen yogurt." Other factors can be the trendy aspect of frozen yogurt and the cost per serving which could run from $4 to $6. Despite the predictions franchisor Red Mango founder and CEO Andrew Kim remains confident that the frozen yogurt segment remains healthy. Click here to read more.
Posted on March 30, 2012 at 1:17 PM
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