Paleo Food Market Forecasts to 2032 – Global Analysis By Type (Fruits & Vegetables, Meat and Fish, Nuts & Seeds, Natural Sweeteners, Healthy Oils & Fats, Salt and Spices, Paleo Snacks, Beverages, Paleo Flours and Baked Goods and Other Types), Distribution

According to Stratistics MRC, the Global Paleo Food Market is accounted for $12.73 billion in 2025 and is expected to reach $19.27 billion by 2032 growing at a CAGR of 6.10% during the forecast period. Paleo food is a dietary strategy that is based on the kinds of foods that are thought to have been consumed by early humans in the Paleolithic period. While grains, dairy products, refined sugars, and processed foods are excluded, it places an emphasis on whole, unprocessed foods like lean meats, fish, fruits, vegetables, nuts, and seeds. By emulating the dietary habits of our hunter-gatherer ancestors, the paleo diet seeks to promote better health, decreased inflammation, and weight management. Moreover, paleo is a popular diet among health-conscious people looking for a natural and nutrient-dense diet because proponents link the consumption of foods from the agricultural and industrial eras to modern chronic diseases.

According to a study published in the American Journal of Clinical Nutrition, a Paleolithic diet led to significant improvements in cardiovascular risk factors among individuals with metabolic syndrome. Participants experienced reductions in systolic blood pressure by 9.1 mmHg, diastolic blood pressure by 5.2 mmHg, total cholesterol by 0.52 mmol/L, and triglycerides by 0.89 mmol/L, along with an increase in HDL cholesterol by 0.15 mmol/L, compared to a healthy reference diet.

Market Dynamics:

Driver:

Growing awareness of health

One of the main factors driving the expansion of the paleo food market is the global movement toward healthier lifestyles. Customers are actively looking for dietary solutions to improve their health outcomes as chronic diseases like obesity type-2 diabetes and hypertension continue to rise in prevalence. This health-conscious mindset is tapped into by the paleo diet, which promotes eating more nutrient-dense, whole foods and avoids processed ones. Additionally, the fundamental tenets of the paleo lifestyle are further supported by the growing acceptance of functional foods and natural cures among health-conscious people.

Restraint:

Expensive paleo foods

The primary reason paleo products are typically more costly than traditional processed foods is because they depend on premium, organic, and ethically sourced ingredients. Wild-caught fish, grass-fed meats, and gluten- or grain-free substitutes are among the more expensive items. This price sensitivity can restrict market penetration among low- and middle-income groups, especially in areas where consumers are price conscious. Furthermore, many potential customers are discouraged from long-term paleo diet commitments due to the high cost of paleo meal plans or specialty products, particularly when there are less expensive dietary alternatives like vegan or Mediterranean diets.

Opportunity:

Growth in subscription models and e-commerce

Paleo food companies have a significant opportunity as online grocery shopping and direct-to-consumer (DTC) platforms continue to grow. Brands can test products, connect with customers, and reach niche audiences through online channels without having to pay the high price of retail distribution. Health-conscious consumers are drawn to convenience and personalization, which are provided by subscription-based meal kits, snack boxes, and delivery services that can be customized. Moreover, companies can obtain data-driven insights for focused marketing and product development through e-commerce, which gives them a competitive advantage in the rapidly changing food industry.

Threat:

Vigorous competition from other nutritional patterns

The rising popularity of competing dietary lifestyles like the ketogenic, plant-based/vegan, gluten-free, and Mediterranean diets poses one of the biggest threats to the paleo food market. These substitutes frequently provide more adaptability, more extensive scientific backing, or stronger alignment with ethical and sustainable considerations. Plant-based diets, for instance, are becoming more popular for reasons related to animal welfare and the environment, whereas keto diets are popular with people who want to lose weight quickly. Paleo brands run the risk of becoming obscured in the crowded market for health foods if they don't innovate or update their messaging.

Covid-19 Impact:

The COVID-19 pandemic affected the paleo food market in a variety of ways. On the one hand, consumers' increased demand for clean-label, immune-boosting, and minimally processed foods during the pandemic coincided with paleo principles and fueled a surge in interest in paleo meal kits, snacks, and supplements. Furthermore, panic buying and stockpiling momentarily increased online sales of paleo products that are shelf-stable. But for both manufacturers and consumers, supply chain interruptions, ingredient shortages, and economic uncertainty presented difficulties. The high cost of paleo products was also out of reach for some customers due to lower incomes and priorities changing during lockdowns.

The meat and fish segment is expected to be the largest during the forecast period

The meat and fish segment is expected to account for the largest market share during the forecast period. This dominance results from the fundamental tenet of the paleo diet, which stresses consuming unprocessed, high-protein animal products that are comparable to those that early humans consumed. Paleo adherents place a high value on free-range poultry, wild-caught fish, and grass-fed meat because of their nutritional value and compatibility with ancestral eating patterns. Moreover, their dominant position in the market is further supported by their strong demand and expanding availability in premium and organic formats.

The sports nutrition and functional beverages segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the sports nutrition and functional beverages segment is predicted to witness the highest growth rate. Growing consumer interest in fitness, endurance training, and holistic wellness is fueling this expansion, and it fits in with the clean-label, high-protein, low-carbohydrate profile of paleo-compatible sports products. Paleo-friendly beverages and supplements that stay away from dairy, refined sugars and artificial additives are becoming more and more popular among athletes and health-conscious people. Additionally, the market for collagen drinks, protein-enhanced beverages, and natural energy boosters is growing quickly, particularly among Gen Z and millennials.

Region with largest share:

During the forecast period, the North America region is expected to hold the largest market share, driven by a thriving natural and organic food industry, increasing consumer awareness of health and wellness trends, and the widespread adoption of low-carb and grain-free diets. The area gains from a large concentration of health-conscious brands, an expanding specialty food market, and a thriving online retail environment that facilitates product availability. Furthermore, increasing demand has been the popularity of fitness and lifestyle movements like CrossFit, which frequently encourages paleo eating. Due in large part to its wealthy customer base and strong innovation in paleo product offerings, the United States leads the world.

Region with highest CAGR:

Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR, driven by a growing urban population looking for natural, cleaner food options, wealthier disposable incomes, and growing health consciousness. High-protein, gluten-free, and minimally processed foods are becoming more and more popular as other nations, including China, India, Japan, and Australia, become more aware of Western diet trends. Access to and interest in paleo-friendly products are growing faster due to the growth of e-commerce platforms and a rise in fitness and wellness culture. Additionally, the region's youthful population and rising number of startups with a health focus are propelling innovation and market expansion.

Key players in the market

Some of the key players in Paleo Food Market include Bob's Red Mill Natural Foods, Inc., Nutiva Inc., General Mills, Inc. (EPIC Provisions), Blue Mountain Organics Inc, Kevin's Natural Foods Inc, Caveman Foods LLC, Paleo Leap Inc, Black Bear GmbH, Paleo Foods Co Ltd. , Back Roads Food Co. LLC, Steve's PaleoGoods (SPG), Paleo Treats Inc., RXBAR (Kellogg's), Primal Kitchen (Kraft Heinz) and True Primal Inc.

Key Developments:

In January 2025, Kevin’s Natural Foods have launched a new startup called Wild Fox Foods. Wild Fox Foods, which launched this year at the Natural Products Expo West trade show, is a bootstrapped startup aimed at the “healthy snack” market. The company produces roasted nuts, nut-based snack mixes and protein bars

In August 2021, Nutiva® announced it has acquired Coconut Secret, the leading brand of Coconut Aminos, from its parent company Leslie’s Organics, LLC. Coconut Secret established itself as the leader in the soy-free Asian sauces category, which the company created in 2009 with its introduction of the first soy-free, low-sodium soy sauce replacement, Coconut Aminos.

In August 2021, Black Bear Carbon B.V. and HELM AG have announced a long-term supply chain and marketing cooperation. Black Bear will produce recovered Carbon Black from used tires via its proprietary technology. Both companies will jointly introduce this innovative product to industrial clients.

Types Covered:
• Fruits & Vegetables
• Meat and Fish
• Nuts & Seeds
• Natural Sweeteners
• Healthy Oils & Fats
• Salt and Spices
• Paleo Snacks
• Beverages
• Paleo Flours and Baked Goods
• Other Types

Distribution Channels Covered:
• Supermarkets and Hypermarkets
• Convenience Stores
• Specialist Retailers
• Online Retailers
• Other Distribution Channels

Applications Covered:
• Breakfast & Cereals
• Fish and Meat Snacks
• Fruit and Nut Bars
• Bakery Products
• Sports Nutrition and Functional Beverages
• Other Applications

End Users Covered:
• Adults
• Athletes and Fitness Enthusiasts
• Health-Conscious Consumers

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements According to Stratistics MRC, the Global Bioherbicides Market is accounted for $1.90 billion in 2025 and is expected to reach $3.11 billion by 2032 growing at a CAGR of 7.26% during the forecast period. Natural weed killers called bioherbicides are made from plant extracts, fungi, or bacteria. By focusing on particular weeds without damaging crops or the environment, they provide a sustainable substitute for synthetic herbicides. Using naturally occurring pathogens or microbial metabolites, bioherbicides function by interfering with the growth, metabolism, or reproductive processes of undesirable plants. Moreover, bioherbicides are becoming more and more popular in sustainable agricultural practices as worries about chemical residues and herbicide resistance grow. Their application promotes biodiversity, lessens contamination of the soil and water, and complies with organic farming regulations.

According to the European Union's "Farm to Fork" strategy, a component of the European Green Deal, aims to reduce the use of chemical pesticides by 50% by 2030. This policy promotes the adoption of bioherbicides and other biological crop protection methods, reflecting a commitment to environmentally friendly farming practices.

Market Dynamics:

Driver:

Growing interest in sustainable and organic agriculture

One of the biggest factors propelling the bioherbicides market is the worldwide trend toward organic farming. The demand for produce grown without synthetic inputs is being driven by consumers' growing concerns about the health effects of chemical residues on food. Because they are derived from natural sources like microorganisms, plant extracts, and other biological agents, bioherbicides are perfect for environmentally friendly and organic farming methods. Additionally, farmers and agricultural businesses are using bioherbicides to meet market demands for sustainable, clean-label produce as well as to adhere to organic certification requirements.

Restraint:

Issues with stability and limited shelf life

Bioherbicides are more sensitive to environmental factors than chemical herbicides because they are made from living organisms like bacteria, fungi, or plant-based compounds. They can lose their effectiveness while being stored or after being applied due to variables like temperature, humidity, and UV exposure. Their short shelf life makes them less appealing for widespread distribution, particularly in areas with poor storage or cold chain infrastructure. Furthermore, unless ideal application conditions are met, their performance in the field may be inconsistent; this makes farmers reluctant to widely adopt them.

Opportunity:

Advances in delivery and formulation systems

Enhancing the stability, efficacy, and shelf life of bioherbicides is made possible by scientific advancements in formulation technology. Improved protection of active ingredients against environmental deterioration is made possible by innovations like controlled-release systems, nano formulations, and microencapsulation. With less technical expertise, farmers can now store and apply bioherbicides more easily owing to these developments. Moreover, advances in adjuvants and carrier materials can boost uptake and performance consistency, increasing the competitiveness of bioherbicides relative to chemical products.

Threat:

Strong market dominance of artificial herbicides

The established synthetic herbicide industry, which enjoys the advantages of global supply chains, decades of research and development, brand awareness, and economies of scale, is a fierce rival to the bioherbicide market. Because products like atrazine and glyphosate are widely used, inexpensive, and fast-acting, it is challenging for bioherbicides to capture a sizable portion of the market. Additionally, high barriers to entry are created for bioherbicidal products by this established market position, especially in conventional agriculture, where chemical solutions are extensively incorporated into farm operations.

Covid-19 Impact:

The COVID-19 pandemic affected the market for bioherbicides in a variety of ways. Short-term delays in product development, manufacturing, and distribution were caused by disturbances in global supply chains, a lack of workers, and limitations on field testing. Moreover, the operations of small and medium-sized bioherbicide developers, who frequently depend on ongoing funding and research, were slowed and faced financial difficulties. But the pandemic also raised awareness of environmental sustainability, health, and the value of resilient agricultural systems, which encouraged more people to look into eco-friendly and organic farming methods.

The cereals & grains segment is expected to be the largest during the forecast period

The cereals & grains segment is expected to account for the largest market share during the forecast period. This dominance is mostly caused by the large area of the world that is used to grow cereal crops like rice, maize, and wheat, which are very vulnerable to weed infestation, which lowers yield and quality. As worries about chemical residues in common foods grow, bioherbicides are becoming more popular as safer substitutes. Cereal crops are also best suited for integrated weed management systems where bioherbicides can be used efficiently because they are frequently grown in rotation. Furthermore, solidifying the segment's dominant position in the market are supportive regulations and growing demand for the production of organic grains.

The foliar spray segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the foliar spray segment is predicted to witness the highest growth rate. This growth is fueled by its direct contact with weed foliage, ease of application, and quick absorption, which enable more efficient and focused weed control. Because foliar sprays are simple to incorporate into current spraying equipment and farming practices, farmers favor them. Additionally, foliar bioherbicides are more economical and environmentally friendly because they typically call for smaller amounts of active ingredients. In organic farming systems, where synthetic herbicides are prohibited, the market is also growing in popularity, which increases demand. Growing global awareness of sustainable agriculture is anticipated to accelerate its uptake.

Region with largest share:

During the forecast period, the North America region is expected to hold the largest market share, driven by strict laws prohibiting synthetic agrochemicals, established organic farming methods, and rising consumer demand for produce free of residue. Because of its early adoption of biopesticide technologies, robust research infrastructure, and government support for sustainable agriculture, the United States in particular dominates the regional market. The area is also home to a large number of bioherbicide startups and manufacturers, which fosters product availability and innovation. Furthermore, growing farmer awareness of the negative effects chemical herbicides have on the environment and human health is speeding up the transition to biological alternatives and securing North America's market dominance.

Region with highest CAGR:

Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR, driven by the quick growth of organic farming, growing interest in sustainable farming methods, and growing worries about chemical herbicide contamination of soil and water. Through government programs and subsidies, nations like Australia, China, and India are aggressively encouraging the use of environmentally friendly crop protection techniques. Moreover, the adoption of bioherbicides is being fueled by the region's extensive agricultural base as well as a growing population's desire for safer food. The rise of regional biopesticide manufacturers and higher R&D expenditures are also accelerating the expansion of this market niche.

Key players in the market

Some of the key players in Bioherbicides Market include Certified Organics Australia Pty Ltd, Ecopesticides International, Inc, BASF SE, FMC Corporation, Syngenta AG, BioHerbicides Australia Pty Ltd, Seipasa Inc, Certis Biologicals Inc, Emery Oleochemicals Inc, Bayer CropScience AG, Sumitomo Chemical Co., Ltd., Marrone Bio Innovations Inc., Hindustan Bio-Tech Inc, Verdesian Life Sciences LLC and Special Biochem Pvt. Ltd.

Key Developments:

In March 2025, Syngenta Crop Protection has signed an agreement with Agrauxine by Lesaffre to private label and exclusively distribute the products STROVEQ® and SPREXIMA®. STROVEQ is a systemic resistance inducer and SPREXIMA is a biofungicide. These products will be sold and distributed in the ornamental market in the US. This agreement further strengthens the collaboration between Agrauxine and Syngenta.

In December 2024, BASF and INOCAS S.A. signed a long-term supplier finance agreement, including offtake of Macaúba Kernel Oil and Macaúba Pulp Oil, an R&D project and options to acquire equity shares in INOCAS in future. The partnership includes financing of INOCAS’ plans to significantly expand the Macaúba oil production in Brazil on an industrial scale, strengthening the country’s position in the bioeconomy.

In July 2024, FMC Corporation announced it has signed a definitive agreement to sell its Global Specialty Solutions (GSS) business to Environmental Science US, LLC, known as Envu, an environmental science company providing innovations that protect and enhance the health of environments around the world. Envu will purchase the GSS business for a purchase price of $350 million, subject to closing working capital adjustment.

Types Covered:
• Microbial
• Biochemical
• Other Types

Mode of Actions Covered:
• Selective Bioherbicides
• Non-Selective Bioherbicides

Formulations Covered:
• Granular
• Liquid

Crop Types Covered:
• Cereals & Grains
• Fruits & Vegetables
• Oilseeds & Pulses
• Turf & Ornamentals
• Other Crop Types

Distribution Channels Covered:
• Direct
• Indirect

Applications Covered:
• Foliar Spray
• Seed Treatment
• Soil Treatment
• Post-Harvest
• Chemigation
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements According to Stratistics MRC, the Global Cloud Telephony Services Market is accounted for $27.95 billion in 2025 and is expected to reach $58.76 billion by 2032 growing at a CAGR of 11.2% during the forecast period. Cloud telephony services refer to a communication technology that allows businesses to manage phone calls and messaging over the internet rather than through traditional telephone lines. These services provide flexible and scalable voice, SMS, call routing, IVR (Interactive Voice Response), and analytics solutions; they are frequently integrated with CRM and other business tools. Utilizing cloud infrastructure allows businesses to lower hardware and maintenance costs, support remote workers, and improve customer interactions. Moreover, customer service, sales, and marketing teams especially benefit from cloud telephony since it allows them to work effectively from any location with internet access.

According to the Telecom Regulatory Authority of India (TRAI), cloud services are recognized as a pivotal component in the evolution of India's digital infrastructure. In its 2020 recommendations, TRAI proposed a light-touch regulatory framework for cloud service providers (CSPs), advocating for the establishment of an industry-led body registered under the Societies Registration Act, 1860.

Market Dynamics:

Driver:

Growing use of hybrid work models and remote work

The need for cloud-based communication platforms has grown dramatically as a result of the move to remote and hybrid work settings. Employees can make and receive calls using internet-connected devices owing to cloud telephony, which does away with the need for in-person presence in office settings. This adaptability guarantees continuous communication even in the event of emergencies or lockdowns and boosts worker productivity. Additionally, companies are using cloud telephony more and more to manage remote teams because it allows departments, clients, and partners to communicate easily regardless of where they are in the world.

Restraint:

Privacy issues and data security

Cloud telephony has many advantages, but privacy and data security issues continue to be a significant obstacle. Communication data is susceptible to cyber attacks, unauthorized access, and data breaches since it is stored and transmitted online, including call recordings, customer information, and transaction histories. Strict data protection laws like GDPR, HIPAA, and India's DPDP Act must be followed by companies in highly regulated industries like government, healthcare, and finance. Because of this, some businesses find it challenging to implement cloud telephony in the absence of robust compliance frameworks, secure hosting, and end-to-end encryption guarantees.

Opportunity:

Integration with automation and artificial intelligence

Cloud telephony platforms are opening up new use cases and value propositions through the incorporation of AI, machine learning, and automation. Artificial intelligence (AI) is revolutionizing customer service operations through features like virtual assistants, real-time transcription, sentiment analysis, speech analytics, and intelligent call routing. Chatbots, automated IVR systems, and predictive dialing can boost productivity, lower operating expenses, and improves customer satisfaction. Furthermore, these developments are giving providers a competitive advantage while also generating new sources of income and applications tailored to particular industries.

Threat:

Increasing price wars and market competition

The market for cloud phone services is getting more and more crowded with regional and international vendors as well as new tech companies that provide comparable services. Violent pricing tactics and the commoditization of essential services like VoIP calling, IVR, and call recording are the results of this fierce competition. Profit margins are thus under pressure, particularly for small and mid-sized providers that do not have the same scale or level of brand awareness as major players such as Zoom, RingCentral, or Twilio. Moreover, established providers' pricing power may be further undermined by the emergence of freemium business models and open-source phone platforms.

Covid-19 Impact:

The COVID-19 pandemic caused businesses all over the world to quickly switch to remote and hybrid work models, which greatly accelerated the adoption of cloud telephony services. Businesses resorted to cloud-based communication tools in order to preserve smooth customer service, internal collaboration, and operational continuity after physical office infrastructures were disrupted. Cloud telephony was especially used by sectors like healthcare, e-commerce, education, and financial services to handle rising call volumes and online interaction. Additionally, the pandemic eventually changed enterprise communication preferences, making cloud telephony a crucial part of contemporary business continuity and digital transformation strategies, even though the initial spike was motivated by necessity.

The voice-over-internet protocol (VOIP) segment is expected to be the largest during the forecast period

The voice-over-internet protocol (VOIP) segment is expected to account for the largest market share during the forecast period. VoIP's cost-effectiveness, scalability, and flexibility over conventional Public Switched Telephone Networks (PSTNs) have made it the dominant technology. Video calls, voicemail-to-email, and CRM integration are just a few of the many sophisticated features it supports, all of which improve customer service and productivity. Furthermore, the need for VoIP-based cloud telephony systems across industries has been further stimulated by the expanding use of unified communications and remote work solutions.

The customer relationship management (CRM) segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the customer relationship management (CRM) segment is predicted to witness the highest growth rate. Cloud telephony integration with CRM platforms has become essential as companies place a greater emphasis on efficient and personalized customer interactions. The smooth call logging, customer data retrieval, call analytics, and automated follow-ups made possible by this integration improve customer satisfaction and agent productivity. Moreover, cloud telephony-CRM integration is a strategic investment for businesses that prioritize customer-centric operations because it facilitates omnichannel communication, guaranteeing continuity across voice, SMS, and email.

Region with largest share:

During the forecast period, the North American region is expected to hold the largest market share, driven by the presence of major market players, the widespread use of cloud-based solutions, and sophisticated IT infrastructure. The area benefits from high demand for scalable and affordable communication systems from sectors like IT, BFSI, healthcare, and retail. The expansion of cloud telephony is also fueled by rising remote work trends and broad internet penetration. Additionally, North America is the leading regional player in this market worldwide owing to government initiatives promoting digital transformation and significant investments in cloud technologies.

Region with highest CAGR:

Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR. Rapid digitalization, rising internet usage, and the expanding use of cloud technologies in nations like China and India are the main drivers of this growth. For cloud telephony providers, the sizable small and medium-sized enterprise (SME) sector in these nations offers substantial opportunities. The growth of e-commerce and digital customer service, along with government initiatives supporting digital infrastructure, are driving market expansion. Furthermore, the demand for cloud telephony services is expected to rise as companies in the area look for scalable, affordable communication solutions.

Key players in the market

Some of the key players in Cloud Telephony Services Market include Cisco Systems Inc, Exotel Techcom Pvt. Ltd., Microsoft Corporation, 8x8 Inc., Vonage Holdings Corp., Dialpad Inc, Tripudio Ltd., Avoxi Inc., Nextiva Inc., Voxx International, BroadSoft Inc., Nfon AG, RingCentral Inc., Mitel Networks Corporation and Plivo Inc.

Key Developments:

In December 2024, VOXX International Corporation announced that VOXX and Gentex Corporation have entered into a definitive agreement and plan of merger for Gentex to acquire VOXX in an all-cash transaction. Under the terms of the Merger Agreement, Gentex will acquire all of the issued and outstanding shares of VOXX common stock not already owned by Gentex for $7.50 per share, representing an aggregate enterprise value of approximately $196 million.

In November 2024, Cisco Systems, Inc. inked a 5.5-year Whole Portfolio Agreement (WPA) with MGM Resorts International, granting MGM access to Cisco’s software portfolio. The portfolio includes cybersecurity, software-defined networking, WAN, digital experience assurance, and data center services. This collaboration aims to enhance the guest and employee experie