It then started legal proceedings when it claimed Freedom Foods was working to undermine Blue Diamond’s market share for its own financial gain after it started using the purchased almond base from Blue Diamond to make its own competing products.īlue Diamond said it was seeking compensatory and general damages for what it alleged was a breach of the licence agreement.įreedom Foods announced in March this year that the legal dispute was to be decided by a court of arbitration in the US and today’s announcement is the result of that process. The dispute between the two companies first became public at the start of last year when it was reported California-based Almond Breeze maker Blue Diamond was planning to sue Freedom Foods over a licensing disagreement. Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflationĪssess developments within this sector to help your business thrive in 2022 and beyond.The performance of the online channel versus offline.Five-year forecasts and the impact of COVID-19. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. The market has grown as a result of inflation.Ĭonsumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home.
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