F&B FRANCHISE OPPORTUNITY REPORT 2020

CHAIN, STAND-ALONE OR POP-UP? THAT IS THE QUESTION

New concepts on this list have always been linked to the latest fad or social media craze. Although some food trends have fizzled out, like poke bowls and rainbow cake pops, entrepreneurs are always on the lookout for that 'it' factor that will blossom into a full-blown franchising empire.

This year, global food trends have maintained their health-conscious approach. In 2019 Whole Foods predicted food trends including a rise in CBD products, vegan meat and eco-conscious packaging – all of which have seeped into popular culture. Even established franchises like KFC have incorporated plant-based meat alternatives in their menus, indicating that even an oldschool chain has the capacity to innovate with the times. For 2020, the megagrocer makes predictions including an increase in regenerative agriculture (a type of farming that restores degraded soil), West African foods and plant-based meat products – all of which will undoubtedly make their way to a restaurant near you.

The Middle East market in particular has been volatile to say the least this past year and as competition grows, franchising remains the bedrock that people still cling to – a proven method of success. Although the market is saturated, new sectors of franchising are being explored that were once on the fringes, but have now taken center stage.

We continue the tradition of our franchise opportunity list with new concepts that are on the brink of stardom. And, for prospective franchisees looking for an investment, whether it’s an upstart or a tried and tested name, food franchises are still your best bet for a successful business.