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mln 168 NEW YORK , Nov. 25, 2024 /PRNewswire/ -- The fast casual restaurants market in US size is estimated to grow by USD 65.2 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 12.09% during the forecast period. Market Driver The Fast Casual Restaurants market in the US is experiencing significant growth, with trends including high-quality ingredients, locally sourced produce, and fresh food. Millennials are driving demand for organic food, ethnic-inspired dishes, and customization. Fast-casual chains like Panera Bread are leading the way with specialized offerings, quick service, and digital ordering. Technology adoption is key, from online food delivery and door-to-door services to inventory tracking and scheduling software. Operational efficiency and customer satisfaction are top priorities. Product variety is important, with options ranging from burgers and sandwiches to salads, bowls, pizza, and pasta. Fast-casual restaurants are catering to working professionals and health-conscious consumers, offering reasonable prices and healthier options. Entrepreneurs and investors see growth opportunities in franchising and standalone locations. Sustainability practices, such as local sourcing and eco-friendly packaging, are becoming essential. Fast-casual restaurants offer a blend of quick service and high-quality dining experiences, with seating areas, free Wi-Fi, and self-service. Fusion cuisine, plant-based options, and creative personalization are also popular. Food safety concerns and affordability are key considerations. The future of the fast-casual market is about convenience, health consciousness, and culinary traditions. The US market for fast casual restaurants is witnessing a significant shift towards e-commerce, driven by the expanding tech-savvy population and increased internet access. Consumers now prefer the convenience of online ordering and payment systems, such as credit and debit cards, internet banking, electronic wallets, and cash-on-delivery. E-commerce platforms offer numerous benefits, including ease of use and access to customer reviews, helping consumers make informed decisions. This trend is transforming the way Americans purchase food, making e-commerce a crucial aspect of the fast casual restaurant industry. Market Challenges The Fast Casual Restaurants market in the US is experiencing significant growth, with millennials leading the charge for high-quality, locally sourced produce and fresh food. Fast-casual chains, such as Panera Bread, are offering ethnic-inspired dishes, customization, and quick service, while also focusing on operational efficiency through automation, scheduling software, and inventory tracking. Challenges for this market include the rise of delivery-to-door companies and cloud kitchens, the increasing popularity of plant-based options and healthier choices, and the need for affordability and quality. Fast-casual restaurants are responding by offering specialized menus, quick service, and seating areas with free Wi-Fi. Entrepreneurs and investors see growth opportunities in franchising and standalone restaurants, as well as in digital platforms for online ordering and delivery services. Food choices range from burgers and sandwiches to salads, bowls, pizza, pasta, and wraps, with options for alcoholic beverages and fusion cuisine. Health-conscious consumers are looking for locally sourced, organic, natural, and clean-labeled foods, as well as plant-based menu alternatives and eco-friendly packaging. Food safety concerns and regional tastes are also important considerations. First-mover advantage is crucial in this competitive market, with fast food outlets offering limited menus and faster service. Dine-in and takeaway options are popular, with franchised and standalone restaurants offering a range of seating areas, from self-service to formal dining experiences. Customers value creativity and personalization, as well as sustainability practices and affordable prices. Technology adoption is key to success, with digital inventory tracking, automated purchasing tools, and food delivery systems streamlining operations and increasing customer satisfaction. Pizza preparation and frying processes are being automated, with digital menu boards and payment windows offering convenience. The food service industry is embracing technology to meet the demands of health-conscious consumers and the convenience-driven lifestyle of working professionals. Fast-casual restaurants offer a dining experience that falls between quick-service and traditional restaurants. While quick-service restaurants (QSRs) provide the fastest dining experience with options for dining in, drive-thru ordering, and delivery services, fast-casual restaurants are slower than QSRs. Unlike QSRs, fast-casual restaurants offer more menu variety with seasonal updates. The average meal price at fast-casual restaurants is higher than QSRs. QSRs are popular for on-the-go food due to their quick food delivery times. The growth of the QSR industry is primarily driven by an increase in the number of on-premises and drive-through restaurants. Fast-casual restaurants cater to customers seeking a more personalized dining experience with fresher, made-to-order food. Research report provides comprehensive data on impact of trend, driver and challenges - Request a sample report! Segment Overview This fast casual restaurants market in US report extensively covers market segmentation by 1.1 Dine-in 1.2 Takeaway 2.1 North American 2.2 Italian 2.3 Mexican 2.4 Others 3.1 Franchised 3.2 Standalone 4.1 North America 1.1 Dine-in- Fast-casual restaurants, primarily located in the US and Canada , offer a unique dining experience by combining the speed and convenience of fast food with the quality and atmosphere of casual dining. These restaurants typically feature a counter or kiosk ordering system, with customers taking a seat at a table to enjoy their meal. Self-service beverage stations and table service for refills or additional items are common. Many fast-casual restaurants also offer outdoor seating and modern decor for a more inviting dining experience. The growth of fast-casual dining in the US is driven by consumer demand for healthier menu options and a more sustainable approach to food service. The market for fast-casual restaurants is expected to grow due to these advancements and the increasing preference for a balanced dining experience. Fast-casual restaurants provide a comfortable and convenient alternative to traditional fast food, making them a popular choice for consumers. For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 - 2022) - Download a Sample Report Research Analysis The Fast Casual Restaurants market in the US is a dynamic segment of the food industry, offering consumers high-quality dining experiences without the formalities of traditional fine dining. These restaurants focus on fresh food, often sourced locally or organically, and feature a limited menu of items such as burgers, sandwiches, salads, bowls, wraps, and alcoholic beverages. The fast-casual concept provides the convenience of quick service, self-service, and seating areas, along with the added benefits of free Wi-Fi and a creative and personalized dining experience. The market caters to various culinary traditions and offers a unique blend of high-quality ingredients and affordable pricing. Fast-casual restaurants have become a popular alternative to both fast-food outlets and fine dining establishments, providing a more personalized and satisfying dining experience. Market Research Overview The Fast Casual Restaurants market in the US is experiencing significant growth as consumers seek high-quality, fresh food options that cater to their busy lifestyles and health-conscious choices. This segment of the food service industry offers a variety of cuisines, including burgers, sandwiches, salads, bowls, ethnic-inspired dishes, and more, prepared with locally sourced produce and organic ingredients. Millennials and working professionals are the primary demographic, with a preference for customization, convenience, and quick service. Technology plays a crucial role in the fast-casual sector, with online ordering, delivery services, and door-to-door delivery apps becoming increasingly popular. Automation, scheduling software, and inventory tracking systems help improve operational efficiency and customer satisfaction. Fast-casual chains and standalone restaurants alike offer a range of food choices, from pizzas and pastas to chicken and wraps, with seating areas, free Wi-Fi, and specialized offerings. Entrepreneurs and investors see significant growth opportunities in this sector, with first-mover advantage and licenses available for franchises. The fast-casual market also prioritizes sustainability practices, eco-friendly packaging, and charitable endeavors, making it an attractive option for health-conscious consumers and those seeking a more conscious dining experience. With a focus on affordability and quality, this segment of the food service industry continues to evolve and adapt to consumer preferences and trends. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Channel Dine-in Takeaway Product North American Italian Mexican Others Application Franchised Standalone Nature (Franchised and Standalone) Geography North America 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE Technavio

The state government will commission a new mobile filtration plant to clean up tap-water supplies in the Blue Mountains that have been tainted by a plume of cancer-linked “forever chemicals”. The additional filtration is already being installed at the Cascade Water Filtration Plant in Katoomba, which supplies drinking water to nearly 50,000 residents across the area on the World Heritage List. A new mobile water filtration plant will be installed at Katoomba to remove cancer-linked PFAS contaminants from tap-water supplies. Credit: Wolter Peeters The plant will deploy granular activated carbon and ion exchange resin technology to purify the water. The per- and polyfluoroalkyl chemicals (PFAS) were discovered at elevated levels in Blue Mountains drinking-water supplies after the state government was pressured into testing by a Herald investigation in June. The article challenged authorities’ assumptions there were “no known PFAS hotspots in our drinking-water catchments” . After initially dismissing the Herald’s reporting, authorities quietly commissioned tests that revealed the true extent of contamination. Levels have been detected in the Cascade Water Filtration Plant that would breach Australia’s proposed new drinking-water guidelines for forever chemicals, set to be finalised by April next year. The new filtration technologies are expected to significantly reduce PFAS levels and ensure Sydney Water can comply with the new guidelines. “It is important that communities are confident in the knowledge that they have access to safe and secure water, and this new technology will help us in those efforts,” NSW Minister for Water Rose Jackson said. “We will continue to support our water authorities across the state to deliver the highest-quality drinking water to every home and business.” Jon Dee, who leads the local STOP-PFAS action group, saw the move as proof the state government knew it needed to act to make the region’s drinking water safe again. “This is a great win for the Blue Mountains community and The Sydney Morning Herald’s push to reduce our community’s exposure to forever chemicals,” he said. NSW Water Minister Rose Jackson. Credit: Flavio Brancaleone The source of the contamination in the drinking water is yet to be identified, but independent tests have linked it to a 1992 petrol tanker crash on the Great Western Highway. The plant is expected to be fully operational by the end of this year. Granular activated carbon traps PFAS contaminants due to its porous structure, while ion exchange resin swaps unwanted ions, such as PFAS, with safer ions. “While PFAS treatment is still an evolving field, we are leading the way with new ideas, such as this one, to ensure the continued delivery of world-class drinking water across the Sydney Water network,” Sydney Water managing director Roch Cheroux said. Start the day with a summary of the day’s most important and interesting stories, analysis and insights. Sign up for our Morning Edition newsletter .With so many shares to choose from on the Australian share market, it can be difficult to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you. Three top ASX shares that leading brokers have named as buys this week are listed below. Here's why they are bullish on them: ( ) According to a note out of Bell Potter, its analysts have initiated coverage on this gold miner's shares with a buy rating and $1.95 price target. The broker is positive on the company due to the high-grade Bellevue Gold Project in Western Australia. It notes that management has outlined plans to expand gold production at the project to ~250kozpa in FY 2028. It believes that if the company can deliver on this then it could underpin significant share price upside. And the good news is that Bell Potter believes the company could achieve its growth ambitions. Particularly given that there is considerable additional exploration prospectivity in extensions to structures that host the current resource, and potentially, in repeat structures, deeper in the broader Bellevue Lode system. The Bellevue Gold share price is trading at $1.27 on Monday morning. ( ) A note out of Citi reveals that its analysts have retained their buy rating and $4.90 price target on this property investment company's shares. This follows news that the company has made a 50% acquisition of two premium retail assets in Perth from Perron for $482 million. The two shopping centres offer ~119,000 square metres (sqm) of gross lettable area and a combined moving annual turnover of more than $1 billion. Citi is a fan of the deal and sees opportunities for GPT to grow its earnings from an increased focus in co-investments like this. Though, it acknowledges that the strategy will take time to evolve. The GPT share price is fetching $4.45 at the time of writing. ( ) Analysts at Wilsons have upgraded this financial technology company's shares to an overweight rating with an $11.00 price target. Although Iress failed to upgrade its guidance as Wilsons had been expecting, it was still pleased with the company's update. That's because it believes that it demonstrates that Iress' momentum is clear and improving, supported by equity market conditions and regulatory tailwinds. In light of this, the broker sees plenty of value on offer with its shares and has upgraded them to reflect this. The Iress share price is trading at $9.50 this morning.

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A federal appeals court panel on Friday unanimously upheld a law that could lead to a ban on TikTok in a few short months, handing a resounding defeat to the popular social media platform as it fights for its survival in the U.S. The U.S. Court of Appeals for the District of Columbia Circuit denied TikTok’s petition to overturn the law — which requires TikTok to break ties with its China-based parent company ByteDance or be banned by mid-January — and rebuffed the company’s challenge of the statute, which it argued had ran afoul of the First Amendment. “The First Amendment exists to protect free speech in the United States,” said the court’s opinion, which was written by Judge Douglas Ginsburg. “Here the Government acted solely to protect that freedom from a foreign adversary nation and to limit that adversary’s ability to gather data on people in the United States.” TikTok and ByteDance — another plaintiff in the lawsuit — are expected to appeal to the Supreme Court, though its unclear whether the court will take up the case. “The Supreme Court has an established historical record of protecting ans’ right to free speech, and we expect they will do just that on this important constitutional issue,” TikTok spokesperson Michael Hughes said in a statement. “Unfortunately, the TikTok ban was conceived and pushed through based upon inaccurate, flawed and hypothetical information, resulting in outright censorship of the American people,” Hughes said. Unless stopped, he argued the statute “will silence the voices of over 170 million Americans here in the US and around the world on January 19th, 2025.” Though the case is squarely in the court system, it’s also possible the two companies might be thrown some sort of a lifeline by President-elect Donald Trump, who tried to ban TikTok during his first term but said during the presidential campaign that he is now against such action. The law, signed by President Joe Biden in April, was the culmination of a yearslong saga in Washington over the short-form video-sharing app, which the government sees as a national security threat due to its connections to China. The U.S. has said it’s concerned about TikTok collecting vast swaths of user data, including sensitive information on viewing habits, that could fall into the hands of the Chinese government through coercion. Officials have also warned the proprietary algorithm that fuels what users see on the app is vulnerable to manipulation by Chinese authorities, who can use it to shape content on the platform in a way that’s difficult to detect. The European Union on Friday expressed similar concerns as it investigates intelligence that suggests Russia possibly abused the platform to influence the elections in Romania. TikTok, which sued the government over the law in May, has long denied it could be used by Beijing to spy on or manipulate Americans. Its attorneys have accurately pointed out that the U.S. hasn’t provided evidence to show that the company handed over user data to the Chinese government, or manipulated content for Beijing’s benefit in the U.S. They have also argued the law is predicated on future risks, which the Department of Justice has emphasized pointing in part to unspecified action it claims the two companies have taken in the past due to demands from the Chinese government. Friday’s ruling came after the appeals court panel, composed of two Republicans and one Democrat appointed judges, heard oral arguments in September. In the hearing, which lasted more than two hours, the panel appeared to grapple with how TikTok’s foreign ownership affects its rights under the Constitution and how far the government could go to curtail potential influence from abroad on a foreign-owned platform. On Friday, all three denied TikTok’s petition. In the court’s ruling, Ginsburg, a Republican appointee, rejected TikTok’s main legal arguments against the law, including that the statute was an unlawful bill of attainder, or a taking of property in violation of the Fifth Amendment. He also said the law did not violate the First Amendment because the government is not looking to “suppress content or require a certain mix of content” on TikTok. “Content on the platform could in principle remain unchanged after divestiture, and people in the United States would remain free to read and share as much PRC propaganda (or any other content) as they desire on TikTok or any other platform of their choosing,” Ginsburg wrote, using the abbreviation for the People’s Republic of China. Judge Sri Srinivasan, the chief judge on the court, issued a concurring opinion. TikTok’s lawsuit was consolidated with a second legal challenge brought by several content creators — for which the company is covering legal costs — as well as a third one filed on behalf of conservative creators who work with a nonprofit called BASED Politics Inc. Other organizations, including the Knight First Amendment Institute, had also filed amicus briefs supporting TikTok. “This is a deeply misguided ruling that reads important First Amendment precedents too narrowly and gives the government sweeping power to restrict Americans’ access to information, ideas, and media from abroad,” said Jameel Jaffer, the executive director of the organization. “We hope that the appeals court’s ruling won’t be the last word.” Meanwhile, on Capitol Hill, lawmakers who had pushed for the legislation celebrated the court’s ruling. “I am optimistic that President Trump will facilitate an American takeover of TikTok to allow its continued use in the United States and I look forward to welcoming the app in America under new ownership,” said Republican Rep. John Moolenaar of Michigan, chairman of the House Select Committee on China. Democratic Rep. Raja Krishnamoorthi, who co-authored the law, said “it’s time for ByteDance to accept” the law. To assuage concerns about the company’s owners, TikTok says it has invested more than $2 billion to bolster protections around U.S. user data. The company has also argued the government’s broader concerns could have been resolved in a draft agreement it provided the Biden administration more than two years ago during talks between the two sides. It has blamed the government for walking away from further negotiations on the agreement, which the Justice Department argues is insufficient. Attorneys for the two companies have claimed it’s impossible to divest the platform commercially and technologically. They also say any sale of TikTok without the coveted algorithm — the platform’s secret sauce that Chinese authorities would likely block under any divesture plan — would turn the U.S. version of TikTok into an island disconnected from other global content. Still, some investors, including Trump’s former Treasury Secretary Steven Mnuchin and billionaire Frank McCourt, have expressed interest in purchasing the platform. Both men said earlier this year that they were launching a consortium to purchase TikTok’s U.S. business. This week, a spokesperson for McCourt’s Project Liberty initiative, which aims to protect online privacy, said unnamed participants in their bid have made informal commitments of more than $20 billion in capital. A federal appeals court panel on Friday unanimously upheld a A Boston city councilor was arrested Friday on federal fraud U.S. stocks rose to records Friday after data suggested the The Nov. 29 print edition of The Business Journal includedCOMMERCE, Texas (AP) — Scooter Williams Jr. had 19 points in East Texas A&M's 68-67 victory over Abilene Christian on Wednesday. Williams added six rebounds and three steals for the Lions (2-10). Khaliq Abdul-Mateen added 17 points while going 3 of 8 and 11 of 12 from the free-throw line while he also had five assists and three steals. The Lions snapped a seven-game slide. Quion Williams led the Wildcats (7-5) in scoring, finishing with 17 points and seven assists. Leonardo Bettiol added 16 points and seven rebounds for Abilene Christian. Hunter Jack Madden had 13 points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .