View source for PepsiCo

{{Short description|American multinational food and beverage corporation}}
{{About|the company|the soft drink|Pepsi}}
{{pp-semi-indef|small=yes}}
{{Use mdy dates|date=July 2023}}
{{Infobox company
| name = PepsiCo, Inc.
| logo =
| logo_upright = 1.05
| predecessor = Pepsi-Cola Company<br>Frito-Lay, Inc.
| image = PepsiCoHQPurchaseNY.jpg
| image_upright = 1.05
| image_caption = PepsiCo's global headquarters in [[Harrison, New York]]
| type = [[Public company|Public]]
| traded_as = {{ubl|{{NASDAQ|PEP}}|[[Nasdaq-100]] component|[[S&P 100]] component|[[S&P 500]] component}}
| industry = {{ubl|[[Drink industry|Beverages]]|[[Food processing]]}}
| foundation = {{ubl|{{Start date and age|1898|8|28}}|[[New Bern, North Carolina]], U.S. (as the Pepsi-Cola Company)|{{start date and age|1965|6|8}}| (as PepsiCo)}}
| founder = [[Caleb Bradham]] (for the Pepsi-Cola Company branch)
| location = 
| hq_location_city = [[Harrison, New York]]
| hq_location_country = U.S.
| area_served = Worldwide
| key_people = [[Ramon Laguarta]] ([[Chairperson|chairman]] & [[Chief executive officer|CEO]])<br />Jamie Caulfield ([[Executive vice president|EVP]] and [[Chief financial officer|CFO]])
| products = 
| brands = [[List of PepsiCo brands]]
| revenue = {{increase}} {{US$|91.85 billion|link=yes}} (2024)
| operating_income = {{increase}} {{US$|12.89 billion}} (2024)
| net_income = {{increase}} {{US$|9.578 billion}} (2024)
| assets = {{decrease}} {{US$|99.47 billion}} (2024)
| equity = {{decrease}} {{US$|18.04 billion}} (2024)
| owners = 
| num_employees = 318,000 (2024)
| subsid = [[List of assets owned by PepsiCo|List of subsidiaries]]
| website = {{url|https://www.pepsico.com/|pepsico.com}}
| footnotes = <ref>{{cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/77476/000007747625000007/pep-20241228.htm |title=PepsiCo, Inc. 2024 Annual Report (Form 10-K) |date=February 4, 2025 |publisher=[[U.S. Securities and Exchange Commission]]}}</ref>
}}

'''PepsiCo, Inc.''' is an American [[multinational corporation|multinational]] [[Food industry|food]] and [[Drink industry|beverage corporation]] headquartered in [[Harrison, New York]], in the hamlet of [[Purchase, New York|Purchase]]. PepsiCo's business encompasses all aspects of the food and beverage market. It oversees the manufacturing, distribution, and marketing of its products. PepsiCo was formed in 1965 with the merger of the '''Pepsi-Cola Company'''<!--boldface per WP:R#PLA--> and [[Frito-Lay|Frito-Lay, Inc.]], PepsiCo has since expanded from its namesake product [[Pepsi]] to an immensely diversified range of food and beverage brands. Significant acquisitions include [[Tropicana Products]] in 1998, the [[Quaker Oats Company]] in 2001, which added the [[Gatorade]] brand to the Pepsi portfolio, and [[Pioneer Foods]] in 2020 for US$1.7 billion.<ref>{{cite news|url=https://www.businesslive.co.za/bd/companies/retail-and-consumer/2020-03-06-pepsico-purchase-of-pioneer-is-finalised/|title= PepsiCo purchase of Pioneer is finalised| first= Katharine | last= Child |access-date=December 9, 2021|publisher= Business Live|date=March 6, 2020}}</ref>

As of January 2021, the company possesses 23 brands that have over 1 billion $ each in sales annually.<ref name=":3">{{Cite web |title=About PepsiCo |url=https://www.pepsico.com/who-we-are/about-pepsico |access-date=February 26, 2024 |website=PepsiCo, Inc. Official Website |language=en}}</ref> PepsiCo has operations all around the world and its products were distributed across more than 200 countries and territories, resulting in annual [[net revenue]]s of over US$70 billion. PepsiCo is the second-largest food and beverage business in the world based on net revenue, profit, and market capitalization, behind [[Nestlé]]. In 2023, the company's seat in the [[Forbes Global 2000|''Forbes'' Global 2000]] was 82.<ref>{{Cite web|language=en|url=https://www.forbes.com/lists/global2000/?sh=51d599675ac0|title=The Global 2000 2023|website=Forbes|access-date=2024-02-07|archive-date=2024-01-29|archive-url=https://web.archive.org/web/20240129031905/https://www.forbes.com/lists/global2000/?sh=4f5ab07e5ac0}}</ref>  PepsiCo's flagship product, Pepsi Cola, has been engaged in a rivalry for generations with [[Coca-Cola]]; it is commonly referred to as the [[cola wars]]. Although Coca-Cola outsells Pepsi Cola in the United States, PepsiCo within the North American market is the largest food and beverage company by net revenue. [[Ramon Laguarta]] has been the chief executive of PepsiCo since 2018. The company's beverage distribution and bottling is conducted by PepsiCo as well as by licensed bottlers in certain regions.

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==History==

===Origins===
The soft drink Pepsi was developed by [[Caleb Bradham]], a pharmacist and businessman from [[Duplin County, North Carolina]]. He coined the name "Pepsi-Cola" in 1898, marketing the drink from his pharmacy in [[New Bern, North Carolina]]. As his drink gained popularity Bradham founded the Pepsi-Cola Company in 1902 and registered a patent for his recipe in 1903.<ref>{{Cite web|url=https://www.thoughtco.com/history-of-pepsi-cola-1991656|title=Pepsi Cola's Long, Winding History|website=ThoughtCo|language=en|access-date=May 16, 2019|first5=Video Game Content|last6=inventors}}</ref> The company was incorporated under [[Delaware General Corporation Law]] in 1919. Bradham's company experienced years of success leading up to [[World War I]]. However, sugar rationing during the war and a volatile sugar market in the war's aftermath damaged the company's financial health to such a degree that in 1923, Bradham declared [[bankruptcy]] and returned to running pharmacies in North Carolina.<ref>{{Cite web|url=https://nowweknowem.wordpress.com/2013/08/28/caleb-bradhams-soda-fountain-flavor-brads-drink-became-pepsi-cola-today-in-1898-now-we-know-em/|title=Caleb Bradham's soda fountain flavor "Brad's Drink" became Pepsi-Cola today in 1898. Now WE know em|last=Leonard|first=Carl|date=August 28, 2013|language=en|access-date=May 16, 2019}}</ref>

On June 8, 1923, the company trademark and secret recipe were purchased by Craven Holding Corporation. In 1931, Roy Megargel, a Wall Street broker, purchased the Pepsi trademark, business, and goodwill from Craven Holding in association with [[Charles Guth]]. Guth was also the president of [[Loft, Incorporated]], a leading candy manufacturer based in Long Island City, New York. Loft ran a network with 115 stores across the Mid-Atlantic at the time of Guth's acquisition. Guth used Loft's labs and chemists to reformulate the Pepsi syrup recipe, and he used his position as president of the company to replace [[Coca-Cola]] with Pepsi Cola at Loft's shops and restaurants. Guth also used Loft resources to promote Pepsi, and moved the soda company to a location close to Loft's own facilities in New York City.<ref>{{Cite web|url=https://h2o.law.harvard.edu/collages/42028#p21 |title=Guth v. Loft (Del. 1939) [Pepsi]|website=h2o.law.harvard.edu|access-date=May 16, 2019|archive-date=May 7, 2021|archive-url=https://web.archive.org/web/20210507072817/https://h2o.law.harvard.edu/collages/42028#p21|url-status=dead}}</ref>

In 1935, the shareholders of Loft sued Guth for his 91% stake of Pepsi-Cola Company in the landmark case ''[[Guth v. Loft Inc.]]'' Loft won the suit and on May 29, 1941, formally absorbed Pepsi into Loft, which was then re-branded as Pepsi-Cola Company that same year. Loft restaurants and candy stores were spun off at that time.<ref>{{cite news|url=https://www.nytimes.com/1941/05/30/archives/absorption-of-pepsicola-by-loft-inc-change-in-name-approved-by.html?searchResultPosition=5|title=Absorption of Pepsi-Cola by Loft, Inc.; Change in Name Approved by Stockholders|newspaper=The New York Times|date=May 30, 1941|page=23|access-date=August 26, 2025}}</ref>

{{Multiple image
| image1            = Pepsi 2023.svg
| image2            = Lay's 2025.svg
| footer            = Namesake brand [[Pepsi]] and [[Lay's]] are two of PepsiCo's flagship brands.
}}
In the early 1960s, Pepsi-Cola's product lines expanded with the creation of [[Diet Pepsi]] and purchase of [[Mountain Dew]].<ref name="fundhist">{{cite web|title=PepsiCo, Inc. Company History |url=http://www.fundinguniverse.com/company-histories/PepsiCo-Inc-Company-History.html |publisher=Funding Universe |access-date=December 14, 2010}}</ref> In 1965, the Pepsi-Cola Company merged with Frito-Lay, Inc. to become PepsiCo, Inc. At the time of its foundation, PepsiCo was incorporated under Delaware General Corporation Law and headquartered in [[Manhattan]], New York. The company's headquarters were relocated to the present location of [[Purchase, New York]] in 1970,<ref name="hqmoved">{{cite news |last=Antman |first=Rachel A. |title=The Donald M. Kendall Sculpture Gardens |url=http://travel.nytimes.com/2006/09/29/travel/escapes/29trip.html |access-date=December 15, 2010 |newspaper=The New York Times |date=September 29, 2006}}</ref> and in 1986 PepsiCo was reincorporated in the state of [[North Carolina]].<ref name="incorp">{{cite web|url=http://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol=PEP&selected=PEP|title=PepsiCo Company Description (as filed with the SEC)|publisher=NASDAQ|access-date=December 15, 2010|archive-url=https://web.archive.org/web/20110629062236/http://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol=PEP&selected=PEP|archive-date=June 29, 2011}}</ref>

===Acquisitions and divestments===
Between the late-1970s and the mid-1990s, PepsiCo expanded via acquisition of businesses outside of its core focus of packaged food and beverage brands; however it exited these non-core business lines largely in 1997, selling some, and spinning off others into a new company named Tricon Global Restaurants, which later became known as [[Yum! Brands|Yum! Brands, Inc.]]<ref name="yumhist">{{cite web|title=Yum! Brands, Inc. Company History|url=http://www.fundinguniverse.com/company-histories/Yum-Brands-Inc-Company-History.html|publisher=Funding Universe|access-date=December 15, 2010}}</ref> PepsiCo also previously owned several other brands that it later sold so it could focus on its primary snack food and beverage lines, according to investment analysts reporting on the divestments in 1997.<ref name="spinoff">{{cite news|last=Stevenson|first=Tom|title=PepsiCo to spin off Pizza Hut and KFC|url=https://www.independent.co.uk/news/business/pepsico-to-spin-off-pizza-hut-and-kfc-1284827.html |archive-url=https://ghostarchive.org/archive/20220525/https://www.independent.co.uk/news/business/pepsico-to-spin-off-pizza-hut-and-kfc-1284827.html |archive-date=May 25, 2022 |url-access=subscription |url-status=live|access-date=December 15, 2010|newspaper=The Independent (U.K.)|date=January 24, 1997|location=London}}</ref> Brands formerly owned by PepsiCo include: [[Pizza Hut]],<ref name="triconspinoff">{{cite news|title=Pepsico Picks Name For Planned Spinoff|url=https://www.nytimes.com/1997/06/28/business/pepsico-picks-name-for-planned-spinoff.html|access-date=December 14, 2010|newspaper=The New York Times|date=June 28, 1997}}</ref> [[Taco Bell]],<ref name=triconspinoff /> [[KFC]],<ref name=triconspinoff /> [[Hot 'n Now]],<ref name="hotnnow">{{cite magazine|last=Hamstra|first=Mark|title=PepsiCo sells Hot 'n Now, eyes other divestitures|magazine=Nation's Restaurant News|date=April 28, 1997|url=http://findarticles.com/p/articles/mi_m3190/is_n17_v31/ai_19355892/|access-date=December 15, 2010}}{{dead link|date=November 2016}}</ref> [[East Side Mario's]],<ref name="eastsidemarios">{{cite news|last=Johnson|first=Greg|title=Marie Callender Parent Buys East Side Mario's Chain|url=https://www.latimes.com/archives/la-xpm-1997-02-27-fi-32847-story.html|access-date=December 15, 2010|newspaper=Los Angeles Times|date=February 27, 1997}}</ref> [[D'Angelo Sandwich Shops]],<ref name="dangelo">{{cite magazine|last=Hamstra|first=Mark|title=Papa Gino's to buy D'Angelo sub chain|magazine=Nation's Restaurant News|date=August 25, 1997|url=http://findarticles.com/p/articles/mi_m3190/is_n34_v31/ai_19708289/|archive-url=https://web.archive.org/web/20070218132452/http://www.findarticles.com/p/articles/mi_m3190/is_n34_v31/ai_19708289|archive-date=February 18, 2007|access-date=December 15, 2010}}</ref> [[Chevys Fresh Mex]],<ref>{{cite news |last1=Tanaka |first1=Wendy |title=Pepsico selling Chevys |url=https://www.sfgate.com/business/article/pepsico-selling-chevys-3121960.php |access-date=18 June 2025 |work=SFGATE |date=1 May 1997}}</ref> [[California Pizza Kitchen]],<ref name="calpizza">{{cite news|last=Collins|first=Glenn|title=Pepsico Selling California Pizza Kitchens to Investment Fund|url=https://www.nytimes.com/1997/07/04/business/pepsico-selling-california-pizza-kitchens-to-investment-fund.html|access-date=December 15, 2010|newspaper=The New York Times|date=July 4, 1997}}</ref> [[Stolichnaya]]<ref name="pepsirussia">{{cite news|last=Ogg|first=Jon|title=Pepsi Acquisition of WBD Goes Much Deeper Into Russia|url=http://247wallst.com/2010/12/02/pepsi-acquisition-of-wbd-goes-much-deeper-into-russia-pep-wbd/|access-date=December 15, 2010|newspaper=24/7 Wall Street|date=December 2, 2010}}</ref> (via licensed agreement), [[Wilson Sporting Goods]],<ref name="wilson">{{cite news|last=Freudenheim|first=Milt|title=Amer Group to Acquire Wilson Sporting Goods|url=https://query.nytimes.com/gst/fullpage.html?res=950DE7DF1038F932A15751C0A96F948260|access-date=December 15, 2010|date=February 21, 1989|work=The New York Times}}</ref> and [[North American Van Lines]].<ref name="vanlines">{{cite news|title=Norfolk Southern Corp. to Acquire North American Van Lines|url=https://www.latimes.com/archives/la-xpm-1998-jan-13-fi-7695-story.html|access-date=December 15, 2010|newspaper=Los Angeles Times|date=January 13, 1998}}</ref>

The divestments concluding in 1997 were followed by multiple large-scale acquisitions, as PepsiCo began to extend its operations beyond soft drinks and snack foods into other lines of foods and beverages. PepsiCo purchased the [[orange juice]] company [[Tropicana Products]] in 1998,<ref name="tropicana">{{cite news|last=Hays|first=Constance L.|title=Pepsico Buys Tropicana|url=https://www.nytimes.com/1998/07/26/weekinreview/july-19-25-pepsico-buys-tropicana.html|access-date=December 12, 2010|newspaper=The New York Times|date=July 26, 1998}}</ref> and merged with [[Quaker Oats Company]] in 2001,<ref name="quaker2">{{cite news|title=Pepsi Buys Quaker in $13.4B Stock Deal|url=https://abcnews.go.com/Business/story?id=88989&page=1|access-date=December 12, 2010|newspaper=ABC News|date=December 4, 2000}}</ref> adding with it the [[Gatorade]] sports drink line and other Quaker Oats brands such as [[Chewy Granola Bars]] and [[Aunt Jemima]], among others.<ref name="quakeroats">{{cite magazine|last=Herper|first=Matthew|author2=Schiffman, Betsy|title=Pepsi Bought Quaker. Now What?|magazine=Forbes|date=August 2, 2001|url=https://www.forbes.com/2001/08/02/0802topnews.html|access-date=December 12, 2010}}</ref>

In August 2009, PepsiCo made a US$7&nbsp;billion offer to acquire the two largest bottlers of its products in North America: [[Pepsi Bottling Group]] and [[PepsiAmericas]]. This acquisition was completed in 2010, resulting in the formation of a new [[wholly owned subsidiary]] of PepsiCo, ''Pepsi Beverages Company''.<ref name="kaplanbottler">{{cite magazine|last=Kaplan|first=Andrew|title=What PepsiCo hopes to gain from the merger with its two largest bottlers|magazine=Beverage World|date=April 2010|url=http://www.pepsico.com/Download/Beverage_World_Cover_Story_0410_(2).pdf|archive-url=https://web.archive.org/web/20101128140427/http://pepsico.com/Download/Beverage_World_Cover_Story_0410_%282%29.pdf|archive-date=November 28, 2010|access-date=December 14, 2010}}</ref>

In February 2011, the company made its largest international acquisition by purchasing a two-thirds (majority) stake in [[Wimm-Bill-Dann Foods]], a Russian food company that produces milk, yogurt, fruit juices, and dairy products.<ref name=wimmbfeb>{{cite news|title=PepsiCo to Buy Rest of Russian Beverage Company|url=https://dealbook.nytimes.com/2011/02/03/pepsi-to-buy-rest-of-russian-juice-maker/|access-date=October 24, 2011|newspaper=The New York Times|date=February 3, 2011}}</ref> When it acquired the remaining 23% stake of Wimm-Bill-Dann Foods in October 2011, PepsiCo became the largest food and beverage company in Russia.<ref name=Wimmbd3>{{cite news|title=Pepsi Concludes Wimm-Bill-Dann Buy In Largest Ever Foreign Acquisition Of Russian Company|url=http://seekingalpha.com/article/293068-pepsi-concludes-wimm-bill-dann-buy-in-largest-ever-foreign-acquisition-of-russian-company|access-date=October 24, 2011|newspaper=Seeking Alpha|date=September 12, 2011}}</ref><ref name=wimmbd2>{{cite news|last=Kelleher|first=Jim|title=Time to Snack on PepsiCo Shares|url=http://online.barrons.com/article/SB50001424052748703664104576639604101684160.html?mod=BOL_hpp_oe|access-date=October 24, 2011|newspaper=Barron's|date=October 19, 2011}}</ref>

In July 2012, PepsiCo announced a joint venture with the Theo Muller Group, which was named Muller Quaker Dairy. This marked PepsiCo's first entry into the dairy space in the U.S.<ref>{{Cite web|url=http://www.pepsico.com/PressRelease/PepsiCo-and-Germanys-Theo-Muller-Group-to-Enter-US-Dairy-Market-With-European-St07092012.html|title=PepsiCo and Germany's Theo Muller Group to Enter U.S. Dairy Market With European-Style Premium Yogurt}}</ref> The joint venture was dissolved in December 2015.<ref>{{Cite news|url=http://www.foodnavigator-usa.com/Manufacturers/Muller-Quaker-Dairy-JV-ends-206m-Batavia-yogurt-plant-shuts|title=Muller Quaker Dairy JV ends in disappointment, but what went wrong?|last=FoodNavigator-USA.com|work=FoodNavigator-USA.com|access-date=March 13, 2017|language=en-GB}}</ref>

On December 20, 2017, PepsiCo moved its shares to [[Nasdaq]] after trading 39 years on the [[New York Stock Exchange]].<ref>{{Cite news|url=https://uk.reuters.com/article/us-pepsico-listing-idUKKBN1E22TU|archive-url=https://web.archive.org/web/20190209121722/https://uk.reuters.com/article/us-pepsico-listing-idUKKBN1E22TU|url-status=dead|archive-date=February 9, 2019|title=PepsiCo to move to Nasdaq after nearly a century with NYSE|date=December 8, 2017|work=Reuters|access-date=May 14, 2019|language=en}}</ref>

On May 25, 2018, PepsiCo announced that it would acquire fruit and vegetable snack maker [[Bare Foods]].<ref>{{cite news|url=https://www.bloomberg.com/news/articles/2018-05-25/pepsico-extends-bet-on-clean-snack-foods-with-bare-acquisition|title=PepsiCo Extends Bet on Clean Snack Foods With Bare Acquisition|last1=Moffat|first1=Anne Riley|date=May 25, 2018|work=Bloomberg.com|access-date=June 18, 2018|language=en}}</ref> It started quarter-owning [[allMotti]] in late November 2018 and was PepsiCo's first owned Tech and Computer Service company.

On August 20, 2018, PepsiCo announced that it had entered into agreement to acquire [[SodaStream]].<ref name="BBC-Pepsi">{{cite news |title=PepsiCo buys Sodastream for $3.2bn |work=BBC News |date=August 20, 2018 |url=https://www.bbc.com/news/business-45244759 |access-date=August 20, 2018}}</ref><ref>{{cite web |title=PepsiCo Enters Into Agreement To Acquire SodaStream International Ltd. |url=http://www.pepsico.com/live/pressrelease/pepsico-enters-into-agreement-to-acquire-sodastream-international-ltd08202018 |website=PepsiCo |access-date=August 20, 2018}}</ref> The purchase was completed in December 2018 as part of a strategic plan to steer Pepsi toward offering healthier products.<ref>{{cite news |last=Iyengar |first=Rishi |url=https://money.cnn.com/2018/08/20/investing/pepsico-sodastream/index.html |title=PepsiCo is buying SodaStream for $3.2 billion |work=[[CNNMoney]] |date=August 20, 2018 |access-date=August 21, 2018 }}</ref><ref>{{Cite news|title=PepsiCo completes $3.2 billion SodaStream acquisition|url=https://www.jpost.com/jpost-tech/business-and-innovation/pepsico-completes-32-billion-sodastream-acquisition-573554|access-date=May 3, 2021|newspaper=The Jerusalem Post &#124; Jpost.com|language=en-US}}</ref><ref>{{Cite web|last=beveragedaily.com|title=PepsiCo completes SodaStream acquisition|url=https://www.beveragedaily.com/Article/2018/12/05/PepsiCo-completes-SodaStream-acquisition|access-date=May 3, 2021|website=beveragedaily.com|date=December 5, 2018 |language=en-GB}}</ref>

In 2019, PepsiCo sued four small farmers in India US$142,000 each for growing a type of potato it says it owns.<ref name=Reu2019>{{cite web |title=PepsiCo sues four Indian farmers for using its patented Lay's potatoes |url=https://www.reuters.com/article/us-india-pepsi-farmers/pepsico-sues-four-indian-farmers-for-using-its-patented-lays-potatoes-idUSKCN1S21EL |website=Reuters |access-date=April 28, 2019 |language=en |date=April 26, 2019}}</ref><ref name=CNN2019Farm/> Pepsi said they would end the suit if the farmers grew potatoes for them.<ref name=CNN2019Farm>{{cite web |title=PepsiCo offers to settle with Indian farmers it sued over potatoes for Lays chips |url=https://www.cnn.com/2019/04/25/business/pepsico-india-potato-farmer-lawsuit/index.html |website=CNN |date=April 25, 2019 |access-date=April 28, 2019}}</ref> A number of Farmers' associations are requesting that the government get involved in the case stating that Pepsi is attempting to intimidate people.<ref name=CNN2019Farm/> After pressure from the public as well as state and national governments, PepsiCo withdrew the lawsuit on May 2, 2019.

On October 3, 2019, PepsiCo announced that they would leave [[Indonesia]] after terminating their partnership with local distributor PT Anugerah Indofood Barokah Makmur (AIBM). Both companies stopped production of PepsiCo products on October 10. This has resulted in [[KFC]] and [[Pizza Hut]] chains in the country to switch to Coca-Cola products.<ref>{{cite web |url=https://www.idnfinancials.com/news/29103/pepsi-announces-leave-indonesia |title=Pepsi announces that it will leave Indonesia |website=IDN Financials |date=October 3, 2019 |access-date=October 29, 2019}}</ref><ref>{{cite web |url=https://sea.mashable.com/indonesia/6694/pepsi-will-disappear-from-indonesian-market-shelves-by-the-end-of-october |title=Pepsi will disappear from Indonesian market shelves by the end of October |first=Mae Yen |last=Yap |website=[[Mashable]] |date=October 9, 2019 |access-date=October 29, 2019}}</ref>

On December 2, 2019, PepsiCo acquired the snacks brand, [[BFY Brands]], who were then folded into the Frito-Lay division.<ref>{{Cite web|url=https://www.prnewswire.com/news-releases/pepsico-announces-definitive-agreement-to-acquire-bfy-brands-expanding-better-for-you-portfolio-and-production-capabilities-300967676.html|title=PepsiCo Announces Definitive Agreement to Acquire BFY Brands Expanding Better-For-You Portfolio and Production Capabilities|work=CisonPR newswire|date=December 2, 2019|access-date=December 2, 2019}}</ref>

In March 2020, PepsiCo announced that it had entered into agreement to acquire [[Rockstar (drink)|Rockstar Energy]] for US$3.85 billion.<ref>{{Cite web|url=https://www.cnbc.com/2020/03/11/pepsico-to-acquire-energy-drink-maker-rockstar-energy-in-a-3point85-billion-deal.html|title=PepsiCo to acquire energy drink maker Rockstar Energy in a $3.85 billion deal|last=Eisen|first=Amelia Lucas, Sara|date=March 11, 2020|website=CNBC|language=en|access-date=March 11, 2020}}</ref>

In January 2021, as a plan to fight global warming, PepsiCo announced that it is planning to achieve [[Carbon neutrality|net zero]] greenhouse gas emissions by 2040, knowing that it had already started generating about 57 million metric tonnes of [[greenhouse gas emissions]] globally in 2019.<ref>{{Cite news|last=Cavale|first=Siddharth|date=January 14, 2021|title=PepsiCo aims for net-zero greenhouse gas emissions by 2040|language=en|work=Reuters|url=https://www.reuters.com/article/us-climatechange-pepsico-idUSKBN29J16A|access-date=January 14, 2021}}</ref>

On August 3, 2021, PepsiCo announced that they have agreed to sell a majority stake in [[Tropicana Products|Tropicana]], Naked and other North American juice brands to French private equity firm [[PAI Partners]] for US$3.3 billion, so that the company can concentrate on its healthy snack food business. Pepsi will hold a 39% stake in the joint venture as well as having exclusive rights to the brand in the USA.<ref>{{Cite web|date=August 3, 2021|title=PepsiCo to sell Tropicana, other juice brands for $3.3 billion|url=https://www.reuters.com/business/retail-consumer/pepsico-sell-majority-stake-juice-business-33-bln-wsj-2021-08-03/|access-date=August 3, 2021|website=Reuters|language=en}}</ref><ref>{{cite web |last1=Lucas |first1=Amelia |title=PepsiCo to sell Tropicana and other juice brands for $3.3 billion |date=August 3, 2021 |url=https://www.nbcnews.com/business/consumer/pepsico-sell-tropicana-other-juice-brands-3-3-billion-n1275797 |publisher=[[NBC News]] |access-date=August 7, 2021}}</ref>

In August 2022, PepsiCo acquired a $550 million stake in the energy drink maker Celsius.<ref>{{Cite web |date=August 1, 2022 |title=PepsiCo acquires $550 million stake in energy drink maker Celsius |url=https://www.thebharatexpressnews.com/pepsico-acquires-550-million-stake-in-energy-drink-maker-celsius/ |access-date=August 1, 2022 |website=The Bharat Express News |language=en-US}}</ref><ref>{{Cite web |last=Lucas |first=Amelia |title=PepsiCo takes $550 million stake in energy drink maker Celsius |url=https://www.cnbc.com/2022/08/01/pepsico-takes-550-million-stake-in-energy-drink-maker-celsius-.html |access-date=August 1, 2022 |website=CNBC |date=August 2022 |language=en}}</ref>

On October 1, 2024, PepsiCo announced that it would acquire Siete Foods for $1.2 billion.<ref>{{cite web|url=https://www.pepsico.com/our-stories/press-release/pepsico-to-acquire-siete-foods-for-12-billion10012024|title=PEPSICO TO ACQUIRE SIETE FOODS FOR $1.2 BILLION|date=2024-10-01|work=PepsiCo|access-date=2025-02-25}}</ref> The acquisition was completed on January 17, 2025.<ref>{{cite web|url=https://www.pepsico.com/our-stories/press-release/pepsico-completes-acquisition-of-siete-foods01172025|title=PEPSICO COMPLETES ACQUISITION OF SIETE FOODS|work=PepsiCo|date=2025-01-17|access-date=2025-02-25}}</ref>

In March 2025, PepsiCo announced it is buying prebiotic soda brand [[Poppi (company)|Poppi]] for more than $1.6 billion.<ref>{{Cite web |last=Lucas |first=Amelia |date=2025-03-17 |title=PepsiCo buys prebiotic soda brand Poppi for more than $1.6 billion |url=https://www.cnbc.com/2025/03/17/pepsico-buys-prebiotic-soda-brand-poppi-for-more-than-1point6-billion.html |access-date=2025-03-17 |website=CNBC |language=en}}</ref>

==Business divisions==
The structure of PepsiCo's global operations has shifted multiple times in its history as a result of international expansion, and as of December 2021 it is separated into seven main divisions: PepsiCo Beverages North America (PBNA); Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); Latin America; Europe; Africa, Middle East and South Asia (AMESA); and Asia–Pacific, Australia, New Zealand and China (APAC).<ref name="About The Company">{{cite web|title=About The Company|url=https://www.pepsico.com/about/about-the-company|publisher=PepsiCo|access-date=December 9, 2021}}</ref> As of 2015, 73 percent of the company's [[net revenue]]s came from North and South America; 17 percent from Europe and Sub-Saharan Africa; and 10 percent from Asia, the Middle East, and Africa.<ref name="Report15 P10">{{cite web|title=2015 Annual Report|url=http://www.pepsico.com/docs/album/annual-reports/pepsico-2015-annual-report_final_s57dqszgmy22ggn.pdf?sfvrsn=0|publisher=PepsiCo|access-date=April 2, 2016|archive-url=https://web.archive.org/web/20160327133420/http://www.pepsico.com/docs/album/annual-reports/pepsico-2015-annual-report_final_s57dqszgmy22ggn.pdf?sfvrsn=0|archive-date=March 27, 2016}}</ref> PepsiCo and its combined subsidiaries employed approximately 263,000 people worldwide as of December 2015.<ref>{{cite web|title=PepsiCo SEC Filings|url=http://phx.corporate-ir.net/phoenix.zhtml?c=78265&p=irol-SECText&TEXT=aHR0cDovL2FwaS50ZW5rd2l6YXJkLmNvbS9maWxpbmcueG1sP2lwYWdlPTEwNzMzMDQzJkRTRVE9MCZTRVE9MCZTUURFU0M9U0VDVElPTl9FTlRJUkUmc3Vic2lkPTU3|publisher=U.S. Securities and Exchange Commission|access-date=April 2, 2016|date=February 11, 2016}}</ref>

===PepsiCo Beverages North America===
This division contributed 35 percent of PepsiCo's net revenue as of 2015,<ref name="Report15 P10"/> and involves the manufacture (and in some cases [[licensing]]), marketing and sales of both carbonated and non-carbonated beverages in North America.<ref name="pabgorham">{{cite news|last=Gorham|first=Philip|title=Pepsi's Beverage Business Flat in and also made 10b of toys for children in Africa 3Q|url=http://www.morningstar.com/1/3/59104-pepsis-beverage-business-flat-3q.html|archive-url=https://web.archive.org/web/20110714115656/http://www.morningstar.com/1/3/59104-pepsis-beverage-business-flat-3q.html|archive-date=July 14, 2011|access-date=December 11, 2010|newspaper=Morningstar|date=October 8, 2009}}</ref> The main brands distributed under this division include [[Pepsi]], [[Mountain Dew]], [[Gatorade]], [[7 Up]] (outside the U.S.), [[Tropicana Products|Tropicana]] Pure Premium orange juice, [[Starry (drink)|Starry]], [[SoBe]] Lifewater, Tropicana juice drinks, [[AMP Energy]], [[Naked Juice]], and [[Izze (drink)|Izze]]. [[Aquafina]], the company's bottled water brand, is also marketed and licensed through North America Beverages.<ref name="companyprofilereuters">{{cite news|title=Profile: PepsiCo, Inc. (PEP)|url=https://www.reuters.com/finance/stocks/companyProfile?symbol=PEP|work=Reuters|access-date=December 7, 2010|archive-date=October 7, 2010|archive-url=https://web.archive.org/web/20101007180933/http://www.reuters.com/finance/stocks/companyProfile?symbol=PEP}}</ref> In 2015, PepsiCo also introduced [[Stubborn Soda]], a line of carbonated beverages without [[high fructose corn syrup]].<ref>{{Cite news|url=http://www.businessinsider.com/pepsi-introduces-stubborn-soda-flavors-2015-6|title=Pepsi just revealed a new solution to declining sales|newspaper=Business Insider|access-date=November 23, 2016}}</ref>

PepsiCo also has formed partnerships with several beverage brands it does not own, in order to distribute or market them with its own brands.<ref name=companyprofilereuters /> As of 2010, its partnerships include: [[Starbucks]] (Frappuccino, DoubleShot, and Iced Coffee), [[Unilever]]'s [[Lipton]] licensed brands (Lipton Brisk and Lipton Iced Tea), and [[Dole Food Company|Dole]] (licensed juices and drinks).

===Frito-Lay North America===
''Frito-Lay North America'', the result of a merger in 1961 between the Frito Company and the H.W. Lay Company, produces the top-selling line of snack foods in the U.S. Its main brands in the U.S., Canada, and Mexico include [[Lay's]] and [[Ruffles (potato chips)|Ruffles]] potato chips; [[Doritos]] tortilla chips; [[Tostitos]] tortilla chips and dips; [[Cheetos]] cheese flavored snacks; [[Fritos]] corn chips; [[Rold Gold]] pretzels; [[Sun Chips]]; and [[Cracker Jack]] popcorn. Products made by this division are sold to independent distributors and retailers, and are transported from Frito-Lay's manufacturing plants to distribution centers, principally in vehicles owned and operated by the company.<ref name="flnayahoo">{{cite news|title=Frito-Lay North America, Inc. Company Profile |url=http://biz.yahoo.com/ic/48/48009.html |archive-url=https://web.archive.org/web/20030228003205/http://biz.yahoo.com/ic/48/48009.html |archive-date=February 28, 2003 |work=Yahoo! Finance |access-date=December 15, 2010 }}</ref>

The division contributed 23 percent of PepsiCo's net revenue in 2015.<ref name="Report15 P10"/> Until November 2009, Christopher Furman, President of Ventura Foods Inc., occupied the position of Food Services CEO.<ref name="annualrpt09">{{cite web |title=PepsiCo Annual Report 2009 |url=http://www.pepsico.com/annual09/downloads/PEPSICO_ANNUAL_REPORT2009_8MB.pdf |archive-url=https://web.archive.org/web/20100331102359/http://www.pepsico.com/annual09/downloads/PEPSICO_ANNUAL_REPORT2009_8MB.pdf |archive-date=March 31, 2010 |access-date=December 13, 2010 |publisher=PepsiCo, Inc. |page=13}}</ref><ref name="pepsize">{{cite web|title=PepsiCo, Inc. (NYSE:PEP): Second Quarter 2010 Earnings Preview|website=IStock Analyst|date=July 15, 2010|url=http://www.istockanalyst.com/article/viewarticle/articleid/4311403|access-date=December 11, 2010|archive-url=https://web.archive.org/web/20100717190805/http://www.istockanalyst.com/article/viewarticle/articleid/4311403|archive-date=July 17, 2010}}</ref><ref name="pepkeyfacts">{{cite news|last=Bagh|first=Carl|title=Key facts about PepsiCo|url=http://www.ibtimes.com/articles/24534/20100521/pepsi-coca-cola-china.htm|archive-url=https://web.archive.org/web/20120406202704/http://www.ibtimes.com/articles/24534/20100521/pepsi-coca-cola-china.htm|archive-date=April 6, 2012|access-date=December 15, 2010|newspaper=International Business Times|date=May 21, 2010}}</ref>

In the second half of 2023, Frito-Lay, as part of the PepsiCo Positive initiative, will ship more than 700 [[electric vehicles]] (EV) to the US. The company predicts that this measure will reduce [[greenhouse gas emissions]] by 7,000 metric tons. Previous measures from the company were: order 100 [[Tesla Semi]] trucks, 30 of which have already been received, 40 [[Ford Transit#E-Transit|Ford eTransits]] trucks for the [[Dallas]] - Fort Worth area, as well as the use of renewable energy storage, electric yard tractors [[BYD Company|BYD]], Tesla semitrailers and [[Peterbilt]] electric trucks at a factory in [[Modesto]], [[California]].<ref>{{Cite web|language=en|url=https://www.foxbusiness.com/markets/pepsico-use-over-700-evs-frito-lay-deliveries-years-end|title=PepsiCo to use over 700 EVs for Frito-Lay deliveries by year's end|website=Fox Business|date=April 20, 2023 |access-date=2024-02-27|archive-date=2024-01-14|archive-url=https://web.archive.org/web/20240114214337/https://www.foxbusiness.com/markets/pepsico-use-over-700-evs-frito-lay-deliveries-years-end}}</ref>

===Quaker Foods North America===
''Quaker Foods North America'', created following PepsiCo's acquisition of the [[Quaker Oats Company]] in 2001, manufactures, markets, and sells Quaker Oatmeal, [[Rice-A-Roni]], [[Cap'n Crunch]], and [[Life (cereal)|Life cereals]], as well as [[Near East]] side dishes within North America. This division also owns and produces the [[Pearl Milling Company]] brand, which as of 2009 was the top-selling line of [[syrup]]s and [[pancake]] mixes within this region.<ref name="10k">{{cite magazine |date=February 23, 2010 |title=2009 PepsiCo, Inc. SEC Form 10-K |url=http://investing.businessweek.com/research/stocks/financials/drawFiling.asp?docKey=136-000119312510036385-428PJSETI3DN5AU9703KE6JML7&docFormat=HTM&formType=10-K#D10K_HTM_TOC44581_1 |archive-url=https://web.archive.org/web/20130502005510/http://investing.businessweek.com/research/stocks/financials/drawFiling.asp?docKey=136-000119312510036385-428PJSETI3DN5AU9703KE6JML7&docFormat=HTM&formType=10-K#D10K_HTM_TOC44581_1 |archive-date=May 2, 2013 |access-date=December 12, 2010 |magazine=Businessweek}}</ref><ref name="qfnahist">{{cite news|last=Troester|first=Maura|title=Company History: Quaker Foods North America|url=https://www.referenceforbusiness.com/history/Qu-Ro/Quaker-Foods-North-America.html|publisher=International Directory of Company Histories|access-date=December 15, 2010|author2=Salamie, David|year=2002}}</ref>

''Sabritas'' and ''Gamesa'' are two of PepsiCo's food business lines headquartered in Mexico; they were acquired in 1966 and 1990, respectively. [[Sabritas]] markets Frito-Lay products in Mexico, including local brands such as Poffets, Rancheritos, Crujitos, and Sabritones. [[Gamesa]] is the largest manufacturer of [[cookies]] in Mexico, distributing brands such as Emperador, Arcoiris and Marías Gamesa.<ref name="sabritasgamesa">{{cite news|last=[[Jens Erik Gould|Gould]]|first=Jens Erik|title=Pepsi's Mexico Chief Sees Sales Climbing 4% This Year as Economy Recovers|url=https://www.bloomberg.com/news/2010-07-13/pepsi-sees-2010-mexico-sales-in-line-with-economic-growth-padierna-says.html|archive-url=https://web.archive.org/web/20121104074157/http://www.bloomberg.com/news/2010-07-13/pepsi-sees-2010-mexico-sales-in-line-with-economic-growth-padierna-says.html|archive-date=November 4, 2012|access-date=December 15, 2010|newspaper=Bloomberg L.P.|date=July 13, 2010}}</ref>

The division contributed 4 percent of PepsiCo's net revenues in 2015.<ref name="Report15 P10"/>

===Latin America===
PepsiCo's ''Latin America Foods'' (Spanish: ''Snacks América Latina'') operations market and sell primarily Quaker- and Frito-Lay/Sabritas/Elma Chips-branded snack foods within Mexico, [[Central America|Central]] and South America, including Argentina, Brazil, Peru, and other countries in this region.<ref name="peplatin">{{cite news|last=Doherty|first=Jacqueline|title=At Pepsi, the Glass Is Half Full|newspaper=Barron's|date=November 30, 2009|url=http://online.barrons.com/article/SB125937646278467513.html|access-date=December 15, 2010}}</ref> Snacks América Latina purchased Peruvian company Karinto S.A.C. including its production company Bocaditas Nacionales (with three production facilities in Peru) from the Hayashida family of Lima in 2009, adding the Karito brand to its product line, including Cuates, Fripapas, and Papi Frits.<ref name="karinto">{{cite web|last=Flores|first=Clorinda|title=Dueña de Pepsi Cola compra fábrica Karinto|website=Correo Lima|date=April 19, 2009|url=http://correoperu.pe/correo/nota.php?txtEdi_id=4&txtSecci_id=80&txtSecci_parent=0&txtNota_id=41759|archive-url=https://web.archive.org/web/20110814002427/http://correoperu.pe/correo/nota.php?txtEdi_id=4&txtSecci_id=80&txtSecci_parent=0&txtNota_id=41759|archive-date=August 14, 2011|access-date=February 22, 2011}}</ref>

The company started{{When|date=April 2023}} a new market strategy to sell its Pepsi Cola product in Mexico, stating that about one-third of the population has difficulty pronouncing "Pepsi". With manufacture and sales of its product under the label 'Pécsi', the advertisement campaign features the Mexican soccer celebrity [[Cuauhtémoc Blanco]]. In 2009, PepsiCo had previously used the same strategy successfully in Argentina.<ref>Breakmedia "Pepsi now selling as 'Pécsi' in Mexico" [http://www.tuvez.com/Videos/pepsi-now-selling-as-pecsi-in-mexico/ "Pepsi now selling as 'Pecsi' in Mexico"] {{Webarchive|url=https://web.archive.org/web/20120808170146/http://www.tuvez.com/videos/pepsi-now-selling-as-pecsi-in-mexico/ |date=August 8, 2012 }} Accessed May 8, 2011.</ref><ref>{{usurped|1=[https://web.archive.org/web/20150725015805/http://www.cnnexpansion.com/expansion/2012/01/20/pepsi-o-pecsi-para-todos Pepsi (o Pecsi) para todos]}} - CNN Expansión, 24 de octubre de 2011</ref>

Pepsico will market and distribute [[Starbucks]] products in several Latin American countries for 2016.<ref>[https://www.reuters.com/article/idUSS8N0ZV02V20150723 Starbucks, PepsiCo sign agreement for Ready-To-Drink coffee, energy beverages in Latin America] {{Webarchive|url=https://web.archive.org/web/20151017012332/http://www.reuters.com/article/2015/07/23/idUSS8N0ZV02V20150723 |date=October 17, 2015 }} - Reuters, July 23, 2015</ref>

The division contributed 13 percent of PepsiCo's net revenues in 2015.<ref name="Report15 P10"/>

===Europe===
PepsiCo began to expand its distribution in Europe in the 1980s, and in 2015, it made up 17 percent of the company's global net revenue.<ref name="Report15 P10"/> Unlike PepsiCo's Americas business segments, both foods and beverages are manufactured and marketed under one umbrella division in this region, known as ''PepsiCo Europe''. The primary brands sold by PepsiCo in Europe include Pepsi-Cola beverages, Frito-Lay snacks, Tropicana juices, and Quaker food products, as well as regional brands unique to Europe such as [[Walkers crisps]], [[Copella]], Paw Ridge, Snack-a-Jack, [[Duyvis]], and others. PepsiCo also produces and distributes the soft drink 7UP in Europe via a license agreement. PepsiCo has 3 sites in South Africa (Isando, Parrow, and Prospecton) which produce Lay's and Simba chips.<ref name=companyprofilereuters />

PepsiCo's European presence expanded in Russia in 2009 as the company announced a US$1B investment,<ref>{{cite web|title=PepsiCo and Pepsi Bottling Group to Invest $1 Billion In Russia 50 Years After Russians Had Their First Taste of Pepsi-Cola |url=http://www.pepsico.com/PressRelease/PepsiCo-and-Pepsi-Bottling-Group-to-Invest-1-Billion-In-Russia-50-Years-After-Ru07062009.html |publisher=PepsiCo |access-date=February 24, 2012|date=July 6, 2009}}</ref> and with its acquisition of Russian juice and dairy product brand [[Wimm-Bill-Dann Foods]] in December 2010 and [[Lebedyansky (company)|Lebedyansky]] juice producer in March 2008.<ref name="wimmbilldan">{{cite news|title=PepsiCo to buy stake of Wimm-Bill-Dann for $3.8B |url=http://www.msnbc.msn.com/id/40469089/ns/business-us_business/ |archive-url=https://web.archive.org/web/20101204130118/http://www.msnbc.msn.com/id/40469089/ns/business-us_business/ |archive-date=December 4, 2010 |access-date=December 15, 2010 |newspaper=MSNBC / Associated Press |date=December 2, 2010 }}</ref> According to Reuters, "PepsiCo reported that in 2017, its Russian operations generated net revenue of US$3.23 billion, which made up 5.1 percent of the company's total net revenue."<ref>{{cite news |title=Factbox: U.S. companies with exposure to Russia |url=https://www.reuters.com/article/us-usa-russia-sanctions-companies-factbo/factbox-u-s-companies-with-exposure-to-russia-idUSKBN1KU2L8 |work=Reuters |date=August 9, 2018}}</ref> Following the [[2022 Russian invasion of Ukraine]], a number of companies faced growing pressure to halt operations in Russia after not initially doing so.<ref name=":12">{{Cite web |title=Ukraine invasion: Attention turns to McDonald's and crypto exchanges, yet to take a stand against Russia |first=Ian|last=King|url=https://news.sky.com/story/attention-turns-to-mcdonalds-and-cryptocurrency-exchanges-as-holdouts-in-russia-exodus-12557535 |access-date=March 6, 2022 |website=Sky News |language=en}}</ref><ref name=":11">{{Cite news |last=Russ |first=Hilary |date=March 4, 2022 |title=McDonald's, Pepsi, others should consider pausing Russia operations -NY pension fund |language=en |work=Reuters |url=https://www.reuters.com/business/retail-consumer/mcdonalds-pepsi-others-should-consider-pausing-russia-operations-ny-pension-fund-2022-03-04/ |access-date=March 6, 2022}}</ref><ref name=":13">{{Cite web |last=Winchester |first=Levi |date=March 4, 2022 |title=McDonald's under pressure for opening as 'normal' in Russia despite Ukraine war |url=https://www.mirror.co.uk/money/mcdonalds-under-fire-failing-boycott-26384122 |access-date=March 6, 2022 |website=mirror |language=en}}</ref><ref name=":142">{{Cite news |last=Creswell |first=Julie |date=March 5, 2022 |title=Fast-food chains and food producers stay open in Russia, and mostly quiet about Ukraine. |language=en-US |work=The New York Times |url=https://www.nytimes.com/2022/03/05/world/europe/russia-food-ukraine.html |access-date=March 6, 2022 |issn=0362-4331}}</ref><ref name=":15">{{Cite web |date=March 5, 2022 |title=Despite war in Ukraine, Coca Cola, McDonalds, and Pepsi remain operational in Russia |url=https://www.hospitalityandcateringnews.com/2022/03/coca-cola-mcdonalds-pepsi-russia/ |access-date=March 6, 2022 |website=Hospitality & Catering News |language=en-US}}</ref><ref>{{Cite web |date=March 5, 2022 |title=Coca-Cola, Pepsi face boycotts over continued Russia operations |url=https://www.rochesterfirst.com/news/coca-cola-pepsi-face-boycotts-over-continued-russia-operations/ |access-date=March 6, 2022 |website=RochesterFirst |language=en-US}}</ref> On March 8, 2022, PepsiCo announced in a letter from CEO Laguarta the "suspension of the sale of Pepsi-Cola{{nbsp}}... our global beverage brands in Russia, including [[7 Up]] and [[Mirinda]]{{nbsp}}... [and] capital investments and all advertising and promotional activities in Russia." However, PepsiCo maintained it had a "responsibility" to continue to sell "milk and other dairy offerings, baby formula and baby food", and that "[b]y continuing to operate, we will also continue to support the livelihoods of our 20,000 Russian associates and the 40,000 Russian agricultural workers in our supply chain".<ref>{{cite web|access-date=March 8, 2022|title=PepsiCo suspends production and sale of Pepsi-Cola and other global beverage brands in Russia|url=http://www.pepsico.com/news/press-release/pepsico-suspends-production-sale-of-pepsi-in-russia-continues-to-provide-essential-foods|website=PepsiCo, Inc.}}</ref> In July 2022, it was announced that PepsiCo will rebrand its products in Russia to PepsiCo Russian brands such as Evervess and Frustyle, in response to the Russian invasion.<ref>{{Cite web |last=Перцева |first=Владимир Зайвый, Евгения |date=July 4, 2022 |title=PepsiCo запустила продажи Evervess и Frustyle вместо Pepsi |url=https://iz.ru/1359173/2022-07-04/pepsico-zapustila-prodazhi-evervess-i-frustyle-vmesto-pepsi |access-date=March 9, 2023 |website=Известия |language=ru}}</ref> In September 2023, the Ukrainian [[National Agency on Corruption Prevention]] listed PepsiCo as a "war sponsor" for continuing to operate in Russia and, in particular, paying taxes.<ref>{{Cite web|url=https://www.rbc.ru/politics/01/09/2023/64f1acbb9a7947db31194f74|title=Украина внесла в список "спонсоров войны" PepsiCo и Mars|language=ru|date=2023-09-01|website=[[RBK Group|RBC]]}}</ref>

===Africa, Middle East and South Asia (AMESA)<span class="anchor" id="Africa"></span>===
The AMESA sector consists of the Africa, Middle East and South Asia regions, and features many leading global and local snack brands including Lay's, Cheetos, and Doritos, along with local favorites such as Chipsy (Egypt), Simba (South Africa) and Kurkure (India and Pakistan), as well as various beverage brands including 7UP, Pepsi, Aquafina, Mtn Dew, Mirinda, and Sting. The AMESA sector covers a wide span of developing and emerging markets, including the key countries of Egypt, India, Saudi Arabia, Pakistan and South Africa. In 2020, PepsiCo acquired Pioneer Foods, a leading food and beverage company in South Africa, adding its robust, well-known brands including Weet-Bix, Bokomo and Ceres to PepsiCo's portfolio.  The Pioneer Foods acquisition is key to PepsiCo's growth strategy across the entire African continent.<ref name="About The Company"/>

In addition to the production and sales of several worldwide Pepsi-Cola, Quaker Foods, and Frito-Lay beverage and food product lines (including Pepsi and Doritos), this segment of PepsiCo's business markets regional brands such as [[Mirinda]], [[Kurkure]], and [[Red Rock Deli]], among others.<ref name=companyprofilereuters /> While PepsiCo owns its own manufacturing and distribution facilities in certain parts of these regions, more of this production is conducted via alternate means such as [[licensing]] (which it does with Aquafina), contract manufacturing, joint ventures, and [[affiliate (commerce)|affiliate]] operations. PepsiCo's businesses in these regions, as of 2015, contributed 10 percent to the company's [[net revenue]] worldwide.<ref name="Report15 P10"/>

In 1992, the [[Pepsi Number Fever]] marketing campaign in the Philippines accidentally distributed 800,000 winning bottle caps for a 1 million [[Philippine peso|peso]] grand prize, leading to riots and the deaths of five people.<ref name="seattletimes">{{cite news|last1=Drogin|first1=Bob|title=Pepsi-Cola Uncaps A Lottery Nightmare -- Bombings, Threats Follow Contest With Too Many Winners|url=https://archive.seattletimes.com/archive/19930726/1712840/pepsi-cola-uncaps-a-lottery-nightmare----bombings-threats-follow-contest-with-too-many-winners|access-date=October 9, 2015|work=Los Angeles Times|date=July 26, 1993}}</ref>

In August 2012, PepsiCo signed an agreement with a local Myanmar distributor to sell its soft drinks after a 15-year break to re-enter the country.<ref name=burmanew>{{Cite news| title = Is Myanmar a business opportunity bonanza?| publisher = Investvine.com| date = January 15, 2013| url = http://investvine.com/is-myanmar-a-business-opportunity-bonanza/| access-date = February 3, 2013| archive-date = March 5, 2013| archive-url = https://web.archive.org/web/20130305041630/http://investvine.com/is-myanmar-a-business-opportunity-bonanza/| url-status = dead}}</ref>

SodaStream, which PepsiCo acquired in 2018, is based in Israel, while [[Sabra (company)|Sabra]] (in which PepsiCo co-owns with the Israeli food conglomerate [[Strauss Group]]) holds a 60% market share for [[hummus]] sales in the United States as of 2015.<ref>{{cite web|first1=Elaine|last1=Watson|title=Sabra 'well on its way' to becoming our next $1bn brand, says PepsiCo|url=https://www.foodnavigator-usa.com/Article/2016/09/29/Sabra-could-be-our-next-1bn-brand-says-PepsiCo|publisher=Foodnavigator-USA.com, William Reed Business Media|date=September 29, 2016}}</ref><ref>{{cite news|first1=Scott|last1=Goodson|title=The Surprising Rise of Hummus in America|url=https://www.huffingtonpost.com/scott-goodson/the-surprising-rise-of-hu_b_7520674.html|work=Huffington Post|date=June 5, 2015}}</ref> The Strauss Group produces and distributes Frito-Lay products in Israel.

===Asia Pacific, Australia, New Zealand and China (APAC)<span class="anchor" id="Asia"></span>===
In 1998 PepsiCo purchased [[Smith's Snackfood Company]] from [[United Biscuits]].<ref>[https://www.accc.gov.au/media-release/no-intervention-in-smiths-sale No intervention in Smith's sale] [[Australian Competition & Consumer Commission]] August 21, 1998</ref> In 2006 PepsiCo purchased [[Bluebird Foods]] from [[Burns Philp]].<ref>[https://www.afr.com/companies/burns-philp-set-to-sell-bluebird-20060927-jf78c Burns Philp set to sell Bluebird] ''[[Australian Financial Review]]'' September 27, 2006</ref>
PepsiCo Indonesia started production in a plant at [[Cikarang]], [[Indonesia]] in March 2025.

==Corporate governance==
Headquartered in [[Harrison, New York]], in the hamlet of [[Purchase, New York|Purchase]], with research and development headquarters in [[Valhalla, New York|Valhalla]], New York, PepsiCo's Chairman and CEO is [[Ramon Laguarta]].<ref>{{Cite web|url=http://www.pepsico.com/About/Leadership|title=Leadership - PepsiCo|website=www.pepsico.com|language=en|access-date=October 3, 2018}}</ref> The board of directors is composed of eleven outside directors as of 2010, including [[Ray Lee Hunt]], [[Shona Brown]], [[Victor Dzau]], Arthur C. Martinez, [[Sharon Percy Rockefeller]], [[Daniel Vasella]], [[Dina Dublon]], Ian M. Cook, [[Alberto Ibargüen]], and Lloyd G. Trotter. Former top executives at PepsiCo include [[Steven Reinemund]], [[Roger Enrico]], [[D. Wayne Calloway]], [[John Sculley]], [[Michael H. Jordan]], [[Donald M. Kendall]], [[Christopher A. Sinclair]], [[Irene Rosenfeld]], [[David C. Novak]], [[Brenda C. Barnes]], and [[Alfred Steele]].

On October 1, 2006, former Chief Financial Officer and President [[Indra Nooyi]] replaced [[Steve Reinemund]] as chief executive officer. Nooyi remained as the corporation's president, and became [[Chair (official)|Chairman of the Board]] in May 2007, later (in 2010) being named No.1 on ''[[Fortune (magazine)|Fortune]]''{{'s}} list of the "50 Most Powerful Women"<ref name="fortune50">{{cite magazine|title=50 Most Powerful Women|url=https://money.cnn.com/galleries/2010/fortune/1009/gallery.most_powerful_women.fortune/index.html|magazine=Fortune|access-date=December 10, 2010|first1=Jessica|last1=Shambora|first2=Beth|last2=Kowitt|date=September 30, 2010}}</ref> and No.6 on ''[[Forbes]]''{{'}} list of the "World's 100 Most Powerful Women".<ref name="forbeswom">{{cite news|title=The World's 100 Most Powerful Women|url=https://www.forbes.com/wealth/power-women/list|work=Forbes|access-date=December 10, 2010|year=2010}}</ref> PepsiCo received a 100 percent rating on the [[Corporate Equality Index]] released by the [[LGBT]]-advocate group [[Human Rights Campaign]] starting in 2004, the third year of the report.<ref name="eqindex">{{cite magazine|last=Henneman|first=Todd|title=In Good Companies|magazine=The Advocate |page=44|date=October 12, 2004|url=https://books.google.com/books?id=BWUEAAAAMBAJ&q=pepsico+corporate+equality+index&pg=PA44 |access-date=October 2, 2009}}</ref>

In November 2014, the firm's president Zein Abdalla announced he would be stepping down from his position at the firm by the end of 2014.<ref>{{cite press release| publisher=Reuters| date=November 6, 2014| title=PepsiCo President Zein Abdalla to retire| url=https://www.reuters.com/article/us-pepsico-management-idUSKBN0IR00320141107| access-date=July 1, 2017| archive-date=September 24, 2015| archive-url=https://web.archive.org/web/20150924210418/http://www.reuters.com/article/2014/11/07/us-pepsico-management-idUSKBN0IR00320141107| url-status=live}}</ref> In 2017, Ramon Laguarta became the president and became its CEO in 2018.

=== Ownership ===
The 10 largest shareholders of PepsiCo as of December 2023 were:<ref>{{Cite web |title=PepsiCo, Inc. (PEP) Stock Major Holders - Yahoo Finance |url=https://finance.yahoo.com/quote/PEP/holders/ |access-date=2024-03-07 |website=finance.yahoo.com |language=en-US}}</ref>

* [[The Vanguard Group]] (9.35%)
* [[BlackRock]] (7.96%)
* [[State Street Corporation]] (4.20%)
* [[Geode Capital Management]] (2.01%)
* [[Morgan Stanley]] (1.78%)
* [[Bank of America]] (1.66%)
* [[JPMorgan Chase]] (1.52%)
* [[Charles Schwab Corporation|Charles Schwab]] (1.35%)
* [[Northern Trust]] (1.16%)
* [[Norges Bank]] (1.13%)

===Headquarters===
The PepsiCo headquarters are located in the hamlet of [[Purchase, New York]], in the town and village of [[Harrison, New York]]. It was one of the last architectural works by [[Edward Durell Stone]]. It consists of seven three-story buildings. Each building is connected to its neighbor through a corner. The property includes the [[Donald M. Kendall Sculpture Gardens]] with 45 contemporary sculptures open to the public. Works include those of [[Alexander Calder]], [[Henry Moore]], and [[Auguste Rodin]]. ''[[Westchester Magazine]]'' stated "The buildings' square blocks rise from the ground into low, inverted ziggurats, with each of the three floors having strips of dark windows; patterned pre-cast concrete panels add texture to the exterior surfaces."<ref name="Westchester Magazine 2010"/> In 2010 the magazine ranked the building as one of the ten most beautiful buildings in Westchester County.<ref name="Westchester Magazine 2010">{{cite news | title=Our 10 Most Beautiful Buildings | website=Westchester Magazine | date=November 17, 2010 | url=https://westchestermagazine.com/home-real-estate/properties/our-10-most-beautiful-buildings/ | access-date=April 6, 2021}}</ref>

During the 1960s, PepsiCo had its headquarters in [[500 Park Avenue]] in [[Midtown Manhattan]], New York City.<ref>{{Cite news|last=King|first=Seth S.|date=February 16, 1967|title=American Can Co. Plans to Leave City; Plans to Go to Greenwich|language=en-US|work=The New York Times|url=http://timesmachine.nytimes.com/timesmachine/1967/02/16/82591586.pdf|page=1|access-date=April 6, 2021|issn=0362-4331}}</ref> In 1956 PepsiCo paid US$2&nbsp;million for the previous building at the site.<ref>{{Cite news|date=June 13, 1956|title=$2,000,000 is Paid for City Building; 500 Park Ave. Auctioned to Pepsi-Cola, Which Will Build a New Headquarters|language=en-US|work=The New York Times|url=http://timesmachine.nytimes.com/timesmachine/1956/06/13/94294358.pdf|page=34|access-date=April 6, 2021|issn=0362-4331}}</ref> PepsiCo built 500 Park Avenue in 1960.<ref name="Bunshaft">{{Cite news|last=D. J.|date=July 23, 1972|title=The Bunshaft style|language=en-US|work=The New York Times|url=https://www.nytimes.com/1972/07/23/archives/the-bunshaft-style.html|access-date=April 6, 2021|issn=0362-4331}}</ref> In 1966, [[Mayor of New York City]] [[John Lindsay]] started a private campaign to convince PepsiCo to remain in New York City.<ref>{{Cite news|last=Reeves|first=Richard|date=February 11, 1967|title=Mayor Tried to Halt Move; City Attempted to Dissuade Pepsi|language=en-US|work=The New York Times|url=http://timesmachine.nytimes.com/timesmachine/1967/02/11/82579251.pdf|page=1|access-date=April 6, 2021|issn=0362-4331}}</ref> Six months later, the company announced that it was moving to {{Convert|112|acre|ha}} on the Blind Brook Polo Club in Purchase.<ref>{{Cite news|last=Folsom|first=Merrill|date=February 11, 1967|title=Pepsi-Cola Planning to Leave City for Westchester; New Use for Club Fought Pepsi-Cola Plans Move From City|language=en-US|work=The New York Times|url=http://timesmachine.nytimes.com/timesmachine/1967/02/11/82579262.pdf|page=1|access-date=April 6, 2021|issn=0362-4331}}</ref>

===Charitable activities===
[[Image:Plaza Venezuela, Caracas.jpg|thumb|Billboard of Pepsi-Cola in Venezuela ([[:es:Pepsi-Cola Venezuela|ES]])]]
PepsiCo has maintained a philanthropic program since 1962 called the PepsiCo Foundation,<ref name="found2">{{cite magazine|title=PepsiCo Foundation Announces Support for Sustainable Water Initiatives |url=http://foundationcenter.org/pnd/news/story.jhtml?id=201400006 |archive-url=https://web.archive.org/web/20100516023826/http://foundationcenter.org/pnd/news/story.jhtml?id=201400006 |archive-date=May 16, 2010 |magazine=Philanthropy News Digest |access-date=December 7, 2010 |date=January 23, 2008 }}</ref> in which it primarily funds "nutrition and activity, safe water and water usage efficiencies,<ref name="winston">{{cite web|last=Winston|first=Megan|title=Irrigation project success in Mali|date=July 22, 2010|url=http://blogs.ei.columbia.edu/2010/07/22/irrigation-project-success-in-mali-2/|publisher=Columbia University Earth Institute Blog|access-date=December 7, 2010}}</ref> and education", according to the foundation's website.<ref name="found">{{cite web|title=PepsiCo Foundation|url=http://www.pepsico.com/Purpose/PepsiCo-Foundation.html|publisher=PepsiCo, Inc.|access-date=December 8, 2010}}</ref> In 2009, US$27.9&nbsp;million was contributed through this foundation, including grants to the [[United Way of America|United Way]]<ref name="newmf">{{cite web|last=Ferrell|first=O.C.|title=PepsiCo's Journey Toward an Ethical and Socially Responsible Culture|url=http://danielsethics.mgt.unm.edu/pdf/PepsiCo%20Case.pdf|publisher=Daniels Fund Business Ethics Initiative, University of New Mexico|access-date=December 13, 2010|author2=Ferrell, Linda|archive-date=July 20, 2011|archive-url=https://web.archive.org/web/20110720093642/http://danielsethics.mgt.unm.edu/pdf/PepsiCo%20Case.pdf}}</ref> and [[YMCA]],<ref name="ymca">{{cite magazine|title=YMCA, PepsiCo Join Forces to Promote a Healthier America|magazine=Philanthropy News Digest|date=March 10, 2006|url=http://foundationcenter.org/pnd/news/story.jhtml?id=134900008|archive-url=https://web.archive.org/web/20071005203014/http://foundationcenter.org/pnd/news/story.jhtml?id=134900008|archive-date=October 5, 2007|access-date=December 12, 2010}}</ref> among others.

In 2009, PepsiCo launched an initiative called the ''Pepsi Refresh Project'', For the first time in 23 years, PepsiCo did not invest in Super Bowl advertising for its iconic brand. Instead, the company diverted this US$20 million to the social media-fueled Pepsi Refresh Project: PepsiCo's innovative cause-marketing program in which consumers submitted ideas for grants for health, environmental, social, educational, and cultural causes.<ref>{{Cite web |last1=Norton|first1=Michael I.|last2=Avery|first2=Jill|date=September 20, 2011|title=The Pepsi Refresh Project: A Thirst for Change|url=https://www.hbs.edu/faculty/Pages/item.aspx?num=40954|website=Harvard Business School |language=en-us}}</ref><ref name="grin ton">{{cite news |last=Grinton|first=Claire|title=Pepsi's Refresh Everything Vs. Coke's Live Positively: Which Soda Wins The War?|newspaper=The Huffington Post|date=February 17, 2010|url=http://www.huffingtonpost.com/2010/02/17/pepsis-refresh-everything_n_464712.html|access-date=December 12, 2010}}</ref> in which individuals submit and vote on charitable and [[nonprofit]] collaborations.<ref>{{cite web|last=Davis |first=Lucia |title=PepsiCo's Bonin Bough on performance with purpose |website=IMedia Connection |date=October 20, 2010 |url=http://www.imediaconnection.com/summits/coverage/27820.asp |archive-url=https://web.archive.org/web/20101022224412/http://www.imediaconnection.com/summits/coverage/27820.asp |archive-date=October 22, 2010 |access-date=December 13, 2010 }}</ref> The main recipients of grants as part of the refresh project are community organizations with a local focus and nonprofit organizations, such as a high school in [[Michigan]] that—as a result of being selected in 2010—received US$250,000 towards construction of a fitness room.<ref name="michigan">{{cite news|title=Mich. school wins grant to build weight room |url=http://abclocal.go.com/wtvg/story?section=news/local&id=7546272 |archive-url=https://web.archive.org/web/20110629051038/http://abclocal.go.com/wtvg/story?section=news%2Flocal&id=7546272 |archive-date=June 29, 2011 |access-date=December 15, 2010 |publisher=ABC News Affiliate WTVG-TV |location=Toledo, OH |date=July 9, 2010 }}</ref> Following the [[Deepwater Horizon oil spill|Gulf of Mexico oil spill]] in the spring of 2010, PepsiCo donated US$1.3 million to grant winners determined by popular vote.<ref name="nyt2">{{cite news|title=Oil Spill Aid Is Small, but Some Companies Step Up|url=https://www.nytimes.com/2010/08/03/business/media/03adco.html|work=The New York Times|access-date=October 27, 2010|date=August 2, 2010}}</ref> As of October 2010, the company had provided a cumulative total of US$11.7&nbsp;million in funding, spread across 287 ideas of participant projects from 203 cities in North America.<ref name="gainesville">{{cite news|last=Trigg|first=Delania|title=Animal food bank puts Pepsi grant to good use|url=http://www.gainesvilleregister.com/local/x967715008/Animal-food-bank-puts-Pepsi-grant-to-good-use|access-date=December 14, 2010|newspaper=Gainesville Daily Register|date=November 14, 2010}}</ref> In late 2010, the refresh project was reported to be expanding to include countries outside of North America in 2011.<ref name="refreshintl">{{cite web|last=Marshall|first=Jack|title=Pepsi Re-Ups 'Refresh,' Extends Project Overseas|website=ClickZ|date=September 8, 2010 |url=http://www.clickz.com/clickz/news/1732083/pepsi-re-ups-refresh-extends-project-overseas|access-date=December 14, 2010}}</ref>

=== Finances ===
{| class="wikitable floatright"
|+Sales by business (2023)<ref>{{Cite web |title=PepsiCo, Inc.: Shareholders Board Members Managers and Company Profile {{!}} US7134481081 {{!}} MarketScreener |url=https://www.marketscreener.com/quote/stock/PEPSICO-INC-39085159/company/ |access-date=2024-03-07 |website=www.marketscreener.com |language=en}}</ref>
!Business
!share
|-
|PepsiCo Beverages [[North America]]
|30.2%
|-
|Frito-Lay [[North America]]
|27.2%
|-
|[[Europe]]
|14.5%
|-
|[[Latin America]]
|12.7%
|-
|[[Africa]], [[Middle East]] and [[South Asia]]
|6.7%
|-
|[[Asia–Pacific|APAC]]
|5.3%
|-
|Quaker Foods [[North America]]
|3.4%
|}
For the fiscal year 2017, PepsiCo reported earnings of US$4.857 billion, with an annual revenue of US$62.525 billion, an increase of 1.2% over the previous fiscal cycle. PepsiCo's shares traded at over US$109 per share, and its market capitalization was valued at over US$155.9 billion in September 2018.<ref>{{Cite web |title=PepsiCo's Annual Reports and Proxy Statements |url=http://www.pepsico.com/Investors/Annual-Reports-and-Proxy-Information |access-date=November 7, 2018 |website=www.pepsico.com |language=en}}</ref> PepsiCo ranked No. 45 on the 2018 [[Fortune 500]] list of the largest United States corporations by total revenue.<ref>{{Cite web |title=Fortune 500 Companies 2018: Who Made the List |url=http://fortune.com/fortune500/list/ |archive-url=https://web.archive.org/web/20190115060417/http://fortune.com/fortune500/list/ |archive-date=January 15, 2019 |access-date=November 10, 2018 |website=Fortune |language=en-US}}</ref>
{| class="wikitable float-left" style="text-align: right;"
!Year
!Revenue<br />in million USD
!Net income<br />in million USD
!Total Assets<br />in million USD
!Employees
|-
|2005
|32,562
|4,060
|31,727
|
|-
|2006
|35,137
|5,631
|29,930
|
|-
|2007
|39,474
|5,646
|34,628
|
|-
|2008
|43,251
|5,134
|35,994
|
|-
|2009
|43,232
|5,940
|39,848
|
|-
|2010
|57,838
|6,314
|68,153
|
|-
|2011
|66,504
|6,436
|72,882
|
|-
|2012
|65,492
|6,171
|74,638
|
|-
|2013
|66,415
|6,740
|77,478
|274,000
|-
|2014
|66,683
|6,503
|70,509
|271,000
|-
|2015
|63,056
|5,452
|69,667
|263,000
|-
|2016
|62,799
|6,329
|73,490
|264,000
|-
|2017
|63,525
|4,857
|79,804
|263,000
|-
|2018
|64,661
|12,515
|77,648
|267,000
|-
|2019
|67,161
|7,314
|78,547
|267,000
|-
|2020
|70,372
|7,120
|92,918
|291,000
|-
|2021
|79,474
|7,618
|92,377
|309,000
|-
|2022
|86,392
|8,910
|92,187
|315,000
|-
|2023
|91,471
|9,074
|100,495
|318,000
|-
|2023
|91,854
|9,578
|99,467
|319,000
|}

==Brands==
{{Main|List of PepsiCo brands}}
{{bar box |title=Largest PepsiCo Brands based on 2009 retail sales|titlebar=#DDD|left1=Brand|width=530px |float=right |bars= {{bar pixel|[[Pepsi]]|blue|265||}}

{{bar pixel|[[Mountain Dew]]|orange|107||}}
{{bar pixel|[[Lay's|Lay's potato chips]]|lightblue|105||}}
{{bar pixel|[[Gatorade]]|orange|96||}}
{{bar pixel|[[Diet Pepsi]]|lightblue|82||}}
{{bar pixel|[[Tropicana Products|Tropicana beverages]]|orange|68||}}
{{bar pixel|[[7 Up]] (outside U.S.)|blue|61||}}
{{bar pixel|[[Doritos|Doritos tortilla chips]]|lightgreen|56||}}
{{bar pixel|[[Lipton|Lipton teas]] (PepsiCo/[[LIPTON Teas and Infusions]] partnership)|yellow|55||}}
{{bar pixel|[[Quaker Oats Company|Quaker foods and snacks]]|orange|49||}}
{{bar pixel|[[Cheetos]]|lightblue|45||}}
{{bar pixel|[[Mirinda]]|lightgreen|37||}}
{{bar pixel|[[Ruffles (potato chips)|Ruffles potato chips]]|yellow|36||}}
{{bar pixel|[[Aquafina|Aquafina bottled water]]|orange|32||}}
{{bar pixel|[[Pepsi Max]]|lightblue|27||}}
{{bar pixel|[[Tostitos|Tostitos tortilla chips]]|lightgreen|26||}}
{{bar pixel|[[Sierra Mist]]|yellow|22||}}
{{bar pixel|[[Fritos|Fritos corn chips]]|orange|17||}}
{{bar pixel|[[Walkers (snack foods)|Walkers potato crisps]]|blue|17||}}
|caption= Source: 2009 PepsiCo Annual Report<ref name=annualrpt09 />&nbsp;&nbsp;&nbsp;&nbsp;$0&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;$5b&nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;$10b &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp;&nbsp;$15b &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;$20b}}
PepsiCo's product mix as of 2015 (based on worldwide net revenue) consists of 53 percent foods, and 47 percent beverages.<ref name="Report15 P10"/> On a worldwide basis, the company's current products lines include several hundred brands that in 2009 were estimated to have generated approximately US$108&nbsp;billion in cumulative annual [[retail sales]].<ref name="annualrpt09"/>

The primary identifier of a food and beverage industry main brand is annual sales over US$1 billion. As of 2015, 22 PepsiCo brands met that mark, including: [[Pepsi]], Diet Pepsi, [[Mountain Dew]], [[Lay's]], [[Gatorade]], [[Tropicana Products|Tropicana]], [[7 Up]]/[[Teem]], [[Evervess]], [[Doritos]], [[Brisk (drink)|Brisk]], [[Quaker Oats Company|Quaker Foods]], [[Cheetos]], [[Mirinda]], [[Ruffles (potato chips)|Ruffles]], [[Aquafina]], Naked, Kevita, [[Propel Water|Propel]], Sobe, H2oh, Sabra, [[Starbucks]] (ready to Drink Beverages), [[Pepsi Max]], [[Tostitos]], [[Sierra Mist]] (discontinued in 2023 in favor of [[Starry (drink)|Starry]]), [[Fritos]], [[Walkers (snack foods)|Walkers]], and [[Bubly Sparkling Water|Bubly]].<ref>{{cite web |title=Product Information |url=https://www.pepsico.com/brands/product-information |access-date=September 3, 2020 |publisher=PepsiCo}}</ref>

== Competition ==
[[The Coca-Cola Company]] has historically been considered PepsiCo's primary competitor in the beverage market,<ref name="pepsicococacola">{{cite news |last=Pyke |first=Jim |date=October 31, 2010 |title=Cola Wars: Considering a Coke and Pepsi Pairs Trade |url=http://seekingalpha.com/article/233645-cola-wars-considering-a-coke-and-pepsi-pairs-trade |access-date=December 15, 2010 |website=Seeking Alpha}}</ref> and in December 2005, PepsiCo surpassed The Coca-Cola Company in market value for the first time in 12 years since both companies began to compete. In 2009, The Coca-Cola Company held a higher market share in carbonated [[soft drink]] sales within the U.S.<ref name="10k"/> In the same year, PepsiCo maintained a higher share of the U.S. refreshment beverage market, however, reflecting the differences in product lines between the two companies.<ref name="10k"/> As a result of mergers, acquisitions, and partnerships pursued by PepsiCo in the 1990s and 2000s, its business has shifted to include a broader product base, including foods, snacks, and beverages. The majority of PepsiCo's revenues no longer come from the production and sale of carbonated soft drinks.<ref name="q32010earnings">{{cite news |date=October 7, 2010 |title=PepsiCo CEO Discusses Q3 2010 Results -Earnings Call Transcript |url=http://www.thestreet.com/story/10883014/pepsico-ceo-discusses-q3-2010-results--earnings-call-transcript.html |archive-url=https://web.archive.org/web/20101012043203/http://www.thestreet.com/story/10883014/pepsico-ceo-discusses-q3-2010-results--earnings-call-transcript.html |archive-date=October 12, 2010 |access-date=December 15, 2010 |publisher=The Street / Seeking Alpha |format=Transcript}}</ref> Beverages accounted for less than 50 percent of its total revenue in 2009. In the same year, slightly more than 60 percent of PepsiCo's beverage sales came from its primary non-carbonated brands, namely [[Gatorade]] and [[Tropicana Products|Tropicana]].<ref name="10k"/>

PepsiCo's [[Frito-Lay]] and [[Quaker Oats]] brands hold a significant share of the U.S. snack food market, accounting for approximately 39 percent of U.S. snack food sales in 2009.<ref name="10k"/> One of PepsiCo's primary competitors in the snack food market overall is [[Kraft Foods Inc.|Kraft Foods]] (now [[Mondelez International]]), which in the same year held 11 percent of the U.S. snack market share.<ref name="10k"/>
Other competitors for soda are [[RC Cola]], [[Keurig Dr Pepper|Keurig Dr. Pepper]], and independent brands varying by region.

== Soviet Union ==
In 1959, the [[USSR]] held an exhibition of Soviet technology and culture in New York. The United States reciprocated with an exhibition in [[Sokolniki Park]], [[Moscow]], which led to the famous [[kitchen debate]]. One of the American products exhibited was Pepsi Cola. After obtaining a photo of then–US vice president [[Richard Nixon]] and Soviet premier [[Nikita Khrushchev]] sipping Pepsi, PepsiCo executive Donald Kendall was able to capture the attention of the Soviet people, and in 1972 he negotiated a cola monopoly in the USSR and Pepsi became the first US consumer product to be produced and marketed in the Soviet Union.<ref name=":3"/> Due to Soviet restrictions on transporting [[Soviet rouble|roubles]] abroad, PepsiCo struck a [[Barter|barter deal]] whereby [[Stolichnaya]] vodka would be exchanged for Pepsi syrup.<ref>{{Cite web |last=Glinton |first=Sonari |date=March 10, 2014 |title=What Pepsi Can Teach Us About Soft (Drink) Power In Russia |url=https://www.npr.org/sections/thesalt/2014/03/10/288570744/what-pepsi-can-teach-us-about-soft-drink-power-in-russia |access-date=February 26, 2024 |website=NPR}}</ref>

In 1989, amidst declining vodka sales, PepsiCo bartered for 2 new Soviet oil tankers, 17 decommissioned [[submarine]]s (for $150,000 each), a [[frigate]], a [[cruiser]] and a [[destroyer]], which they could in turn sell for non-Soviet currency.<ref name="nytpepsi">{{cite news |last=Lewis |first=Flora |date=10 May 1989 |title=FOREIGN AFFAIRS; Soviets Buy American |url=https://www.nytimes.com/1989/05/10/opinion/foreign-affairs-soviets-buy-american.html |work=The New York Times}}</ref><ref name=":1">{{Cite web |last=Musgrave |first=Paul |date=November 27, 2021 |title=The Doomed Voyage of Pepsi's Soviet Navy |url=https://foreignpolicy.com/2021/11/27/pepsi-navy-soviet-ussr/ |access-date=June 24, 2022 |website=[[Foreign Policy]]}}</ref> The oil tankers were leased out through a Norwegian company, while the other ships were immediately sold for scrap.<ref>{{Cite web |last=Clarke |first=Kaiyah |date=May 24, 2022 |title=Fact Check: NO Pepsi Navy – U.S.-Soviet Deal Did NOT Make Pepsi The '6th Most Powerful Military In The World' |url=https://leadstories.com/hoax-alert/2022/05/fact-check-no-pepsi-navy-pepsi-was-not-the-6th-most-powerful-military-in-the-world.html |access-date=June 24, 2022 |website=[[Lead Stories]] |language=en-US}}</ref> A deal struck the following year would've seen Pepsi acquire 85 ships worth nearly $3 billion over the next 10 years,<ref>{{Cite web |date=January 12, 2018 |title=When the Soviet Union Paid Pepsi in Warships |url=https://www.atlasobscura.com/articles/soviet-union-pepsi-ships |access-date=2024-02-20 |website=AtlasObscura |language=en}}</ref><ref>{{Cite news |last=Conradi |first=Peter |date=April 10, 1990 |title=PEPSICO SETS $3 BILLION BARTER DEAL WITH SOVIETS |url=https://www.washingtonpost.com/archive/business/1990/04/10/pepsico-sets-3-billion-barter-deal-with-soviets/d5c3d727-2808-463a-b956-15245ae11bed/ |access-date=June 24, 2022 |newspaper=[[Washington Post]]}}</ref><ref>{{Cite web |last=Ewbank |first=Anne |date=January 12, 2018 |title=When the Soviet Union Paid Pepsi in Warships |url=http://www.atlasobscura.com/articles/soviet-union-pepsi-ships |access-date=June 24, 2022 |website=[[Atlas Obscura]] |language=en}}</ref><ref>{{Cite news |last=Ping Chan |first=Szu |date=June 12, 2019 |title=When Pepsi was swapped for Soviet warships |url=https://www.bbc.com/news/business-48343589 |access-date=June 24, 2022 |work=[[BBC News]] |language=en-GB}}</ref> but it only acquired 10 additional ships before the [[Dissolution of the Soviet Union|fall of the Soviet Union]] in 1991. The deal was renegotiated with the former nations of the USSR, and included receiving cheese from Russia to supply its Pizza Hut locations and receiving [[Double hull|double-hulled]] tankers from Ukraine.<ref>{{Cite news |last=Parks |first=Michael |date=July 21, 1992 |title=Doing Business : Bloc-Buster Deal: Pepsico's $3-billion-plus Soviet expansion was the 'deal of the century.' Then, the deal crumbled along with the country. Here's how Pepsi put it back together. |url=https://www.latimes.com/archives/la-xpm-1992-07-21-wr-4376-story.html |access-date=June 24, 2022 |work=[[Los Angeles Times]]}}</ref> These deals also originated an [[List of common misconceptions|erroneous]] [[factoid]] which claims that, after acquiring the Soviet fleet, PepsiCo briefly possessed one of the most powerful [[Navy|navies]] in the world.<ref name=":1"/> In actuality, the only warships acquired by PepsiCo were "small, old, obsolete, unseaworthy vessels".<ref name=":1"/><ref>{{Cite web |last=Clarke |first=Kaiyah |date=May 24, 2022 |title=Fact Check: NO Pepsi Navy -- U.S.-Soviet Deal Did NOT Make Pepsi The '6th Most Powerful Military In The World' |url=https://leadstories.com/hoax-alert/2022/05/fact-check-no-pepsi-navy-pepsi-was-not-the-6th-most-powerful-military-in-the-world.html |access-date=June 24, 2022 |website=[[Lead Stories]] |language=en-US}}</ref>

== Controversies ==
Pepsi has been repeatedly criticized by environmentalists for its relationship to negative [[Environmental impact of agriculture|environmental impacts of agriculture]] in its supply chain and in its distributing operations, such as [[palm oil]]–related deforestation and pesticide use, its use of water resources, and the negative impacts of its packaging—Pepsi's packaging has consistently been one of the top sources of [[plastic pollution]] globally.<ref>{{Cite news |last=McVeigh |first=Karen |date=December 7, 2020 |title=Coca-Cola, Pepsi and Nestlé named top plastic polluters for third year in a row |url=https://www.theguardian.com/environment/2020/dec/07/coca-cola-pepsi-and-nestle-named-top-plastic-polluters-for-third-year-in-a-row |access-date=March 29, 2021 |work=The Guardian |language=en-GB |issn=0261-3077}}</ref> Similarly, public health advocates have criticized Pepsi's high-calorie, poor nutrition product lines along with other popular snack and drink manufacturers. In response, PepsiCo made public comments on its commitment to minimizing their impact but has not released public information documenting progress on most of its public commitments.

=== Working conditions ===
{{Main|2021 Frito-Lay strike}}
In July 2021, Frito-Lay, a subsidiary of PepsiCo became the subject to media attention over poor working conditions at its plant in Topeka.<ref>{{Cite news|title=Hundreds of Frito-Lay workers on strike in Topeka, citing forced overtime and 84-hour workweeks|language=en-US|newspaper=[[The Washington Post]]|url=https://www.washingtonpost.com/business/2021/07/14/frito-lay-strike-forced-overtime/|access-date=July 17, 2021|issn=0190-8286}}</ref><ref name=":0">{{Cite web|date=July 17, 2021|title=Frito-Lay strike hits 12 days, negotiations to resume Monday|url=https://www.ksnt.com/news/frito-lay-strike-hits-12-days-negotiations-to-resume-monday/|access-date=July 17, 2021|website=KSNT News|language=en-US}}</ref> These conditions, which allegedly include forced overtime and 84-hour workweeks for months, led to a strike involving hundreds of workers at the Topeka location. The strike began on July 5 and ended on July 23, after ratifications of a two-year contract that guarantees workers at least one day off each week and raised wages.<ref name=":0" /><ref>{{Cite news|last=Gregg|first=Aaron|date=July 26, 2021|title=Frito-Lay workers end 19-day strike in Kansas with contract that guarantees one day off per week|newspaper=[[Washington Post]]|url=https://www.washingtonpost.com/business/2021/07/26/frito-lay-strike-topeka}}</ref>
[[File:Texas-shaped_basket_with_chips.png|thumb|Frito-Lay company is based in Texas]]

=== Environmental record ===
==== Rainforests and palm oil ====
PepsiCo Palm Oil Commitments<ref name=PepsiCo>{{cite web|title=PepsiCo Palm Oil Commitments|url=http://www.pepsico.com/Assets/Download/PepsiCo_Palm_Oil_Commitments.pdf|publisher=PepsiCo|access-date=November 21, 2014|archive-url=https://web.archive.org/web/20140817021142/http://www.pepsico.com/Assets/Download/PepsiCo_Palm_Oil_Commitments.pdf|archive-date=August 17, 2014}}</ref> published in May 2014 were welcomed by media as a positive step towards ensuring that the company's [[palm oil]] purchases will not contribute to deforestation and human rights abuses in the palm oil industry. NGOs warned<ref name=RAN>{{cite web|title=All Eyes on PepsiCo: Will it Come Clean or Keep Trafficking Conflict Palm Oil?|url=http://www.ran.org/all_eyes_on_pepsico|website=RAN.org|publisher=Rainforest Action Network|access-date=November 21, 2014}}</ref> that the commitments did not go far enough, and in light of the deforestation crisis in Southeast Asia, have called on the company to close the gaps in its policies immediately.

==== Genetically modified ingredients ====
PepsiCo has contributed US$1,716,300 to oppose the passage of California Proposition 37, which would mandate the disclosure of [[genetically modified crops]] used in the production of California food products.<ref name="Huffington Post">{{cite news|last1=Baertlein|first1=Lisa|last2=Gillam|first2=Carey |title=Prop 37: California GMO Fight Pits Big Food Against Activists|url=http://www.huffingtonpost.com/2012/08/17/prop-37-california_n_1791555.html|work=Huffington Post|date=August 16, 2012}}</ref><ref name="MapLight">{{cite report|last=Behrsin|first=Pamela|title=CA Prop. 37 - GMO Labeling: Funding Update - Monsanto ($4M), Dupont ($4M), Pepsi ($1.7M)|url=http://maplight.org/content/73070|date=August 22, 2012|access-date=September 12, 2012|archive-date=September 8, 2012|archive-url=https://web.archive.org/web/20120908025919/http://maplight.org/content/73070}}</ref><ref name="San Diego Reader">{{cite news|last=Rice|first=Dave|title=Public Sparring Between Prop 37 Supporters, Opponents Begins|url=http://www.sandiegoreader.com/weblogs/news-ticker/2012/sep/04/public-sparring-between-prop-37-supporters-opponen/|newspaper=San Diego Reader|date=September 4, 2012}}</ref> PepsiCo believes "that genetically-modified products can play a role in generating positive economic, social and environmental contributions to societies around the world; particularly in times of food shortages."<ref name="proxy">{{cite report|title=PepsiCo 2009 Proxy Statement|url=http://www.pepsico.com/Annual-Reports/2008/downloads/files/PepsiCo_2009-Proxy-Statement.pdf|publisher=PepsiCo|date=March 24, 2009|archive-url=https://web.archive.org/web/20090902055007/http://www.pepsico.com/Annual-Reports/2008/downloads/files/PepsiCo_2009-Proxy-Statement.pdf|archive-date=September 2, 2009}}</ref>

==== Water usage (India, U.S., U.K.) ====
PepsiCo's usage of water was the subject of controversy in India in the early and mid-2000s, in part because of the company's alleged impact on water usage in a country where [[water shortage]]s are a perennial issue. In this setting, PepsiCo was perceived by India-based environmental organizations as a company that diverted water to manufacture a discretionary product, making it a target for critics at the time.<ref name="busweekasia">{{cite news|last=Brady |first=Diane |title=Pepsi: Repairing a Poisoned Reputation in India |url=http://www.businessweek.com/globalbiz/content/may2007/gb20070531_868198_page_5.htm |archive-url=https://web.archive.org/web/20070602164227/http://www.businessweek.com/globalbiz/content/may2007/gb20070531_868198_page_5.htm |archive-date=June 2, 2007 |access-date=December 11, 2010 |newspaper=Businessweek Asia |date=May 31, 2007 }}</ref>

As a result, in 2003 PepsiCo launched a country-wide program to achieve a "positive water balance" in India by 2009.<ref name="chadha">{{cite web|last=Chadha|first=Sanjeev|title=Why PepsiCo is Building Dams in India|url=http://www.greenbiz.com/blog/2010/04/27/why-pepsico-building-dams-india#ixzz162RRjkV9|publisher=Green Biz|access-date=December 13, 2010|date=April 27, 2010}}</ref> In 2007, PepsiCo's then-CEO Indra Nooyi made a trip to India to address water usage practices in the country, prompting prior critic [[Sunita Narain]], director of the Centre for Science & Environment (CSE), to note that PepsiCo "seem(s) to be doing something serious about water now."<ref name=busweekasia/> According to the company's 2009 corporate citizenship report,<ref name=susrept/> as well as media reports at the time,<ref name=warner/> the company (in 2009) replenished nearly six billion liters of water within India, exceeding the aggregate water intake of approximately five billion liters by PepsiCo's India manufacturing facilities.<ref name=susrept/>

Water usage concerns have arisen at times in other countries where PepsiCo operates. In the United States, [[water shortage]]s in certain regions resulted in increased scrutiny on the company's production facilities, which were cited in media reports as being among the largest water users in cities facing drought—such as [[Atlanta, Georgia]].<ref name="glennon">{{cite book|last=Glennon|first=Robert Jerome|title=Unquenchable: America's Water Crisis and What To Do About It|year=2009|publisher=Island Press|isbn=978-1-59726-436-5|pages=[https://archive.org/details/isbn_9781597264365/page/25 25]|url=https://archive.org/details/isbn_9781597264365|url-access=registration|quote=gatorade plant water use atlanta.}}</ref><ref name="wheatley">{{cite web|last=Wheatley|first=Thomas|title=Tap water wears a bow tie when it's put in a bottle and sold|url=https://creativeloafing.com/content-170467-tap-water-wears-a-bow-tie-when-it-s-put-in-a-bottle-and|publisher=Creative Loafing Atlanta|access-date=December 7, 2010}}</ref> In response, the company formed partnerships with non-profit organizations such as the [[Earth Institute]] and [[Water.org]], and in 2009 began cleaning new Gatorade bottles with purified air instead of rinsing with water, among other [[water conservation]] practices.<ref name="gardner">{{cite news|last=Gardner|first=Sarah|title=Pepsi conserves water with Gatorade|url=http://marketplace.publicradio.org/display/web/2008/11/19/pepsi/|archive-url=https://web.archive.org/web/20110727191458/http://marketplace.publicradio.org/display/web/2008/11/19/pepsi/|archive-date=July 27, 2011|access-date=December 11, 2010|newspaper=Marketplace / Public Radio|date=November 19, 2008}}</ref> In the United Kingdom, also in response to regional [[drought]] conditions, PepsiCo snacks brand Walkers' reduced water usage at its largest [[potato chip]] facility by 45 percent between 2001 and 2008. In doing so, the factory used machinery that captured water naturally contained in potatoes, and used it to offset the need for outside water.<ref name="potatowater">{{cite web|title=PepsiCo to Recycle Potato Water|url=http://www.environmentalleader.com/2010/06/07/pepsico-to-recycle-potato-water/|publisher=Environmental Leader|access-date=December 2, 2010|date=June 7, 2010|archive-url=https://web.archive.org/web/20110512102435/http://www.environmentalleader.com/2010/06/07/pepsico-to-recycle-potato-water/|archive-date=May 12, 2011}}</ref><ref name="guardianwater">{{cite news|last=Confino|first=Jo|title=The water margin|url=https://www.theguardian.com/sustainable-business/pepsico-water-usage-potatoes-maung|access-date=December 2, 2010|newspaper=The Guardian (U.K.)|date=May 26, 2010|location=London}}</ref>

As a result of water reduction practices and efficiency improvements, PepsiCo in 2009 saved more than 12&nbsp;billion liters of water worldwide,<ref name="water2">{{cite news|title=PepsiCo releases water report |url=http://www.ibtimes.com/articles/60475/20100908/pepsico-water-recycling-environment-sustainability-indra-nooyi-frito-lay.htm |archive-url=https://web.archive.org/web/20100911091644/http://www.ibtimes.com/articles/60475/20100908/pepsico-water-recycling-environment-sustainability-indra-nooyi-frito-lay.htm |archive-date=September 11, 2010 |access-date=December 15, 2010 |newspaper=International Business Times |date=September 8, 2010 }}</ref> compared to its 2006 water usage. Environmental advocacy organizations including the [[Natural Resources Defense Council]] and individual critics such as [[Rocky Anderson]] (mayor of [[Salt Lake City, Utah]]) voiced concerns in 2009, noting that the company could conserve additional water by refraining from the production of discretionary products such as Aquafina.<ref name="gunther">{{cite news|last=Gunther|first=Marc|title=Bottled water: No longer cool?|url=https://money.cnn.com/2007/04/24/news/economy/pluggedin_gunther_water.fortune/index.htm|access-date=December 10, 2010|newspaper=Fortune / CNN Money|date=April 25, 2007}}</ref> The company maintained its positioning of bottled water as "healthy and convenient", while also beginning to partially offset environmental impacts of such products through alternate means, including [[packaging]] weight reduction.<ref name=gunther/>

==== Pesticide regulation (India) ====
{{see also|Pesticide regulation}}
PepsiCo's India operations were met with substantial resistance in 2003 and again in 2006, when an environmental organization in New Delhi made the claim that, based on its research, it believed that the levels of [[pesticides]] in PepsiCo (along with those from rival The Coca-Cola Company), exceeded a set of proposed safety standards on soft drink ingredients that had been developed by the Bureau of Indian Standards.<ref name="bremner1">{{cite news|last=Bremner |first=Brian |title=India: Pesticide Claims Shake Up Coke and Pepsi |url=http://www.businessweek.com/globalbiz/content/aug2006/gb20060810_826414.htm |archive-url=https://web.archive.org/web/20060820031136/http://www.businessweek.com/globalbiz/content/aug2006/gb20060810_826414.htm |archive-date=August 20, 2006 |access-date=December 11, 2010 |newspaper=Bloomberg Businessweek |date=August 10, 2006 }}</ref> PepsiCo denied the allegations, and India's health ministry has also dismissed the allegations—both questioning the accuracy of the data compiled by the CSE, as it was tested by its own internal laboratories without being verified by outside peer review.<ref name="reeves">{{cite news|last=Reeves|first=Philip|title=Pesticide Scare Cripples Coke and Pepsi in India|url=https://www.npr.org/templates/story/story.php?storyId=5729752|access-date=December 12, 2010|newspaper=NPR|date=August 29, 2006}}</ref><ref name="bremner2">{{cite news|last=Bremner |first=Brian |title=Behind the Coke-Pepsi Pesticide Scare |url=http://www.businessweek.com/globalbiz/content/aug2006/gb20060824_932216.htm |archive-url=https://web.archive.org/web/20110604155632/http://www.businessweek.com/globalbiz/content/aug2006/gb20060824_932216.htm |archive-date=June 4, 2011 |access-date=December 11, 2010 |newspaper=Bloomberg Businessweek |date=August 24, 2006 }}</ref> The ensuing dispute prompted a short-lived ban on the sale of PepsiCo and The Coca-Cola Company soft drinks within India's southwestern state of [[Kerala]] in 2006;<ref name="bbc1">{{cite news|last=Majumder|first=Sanjoy|title=Indian state bans Pepsi and Coke|url=https://news.bbc.co.uk/2/hi/south_asia/4776623.stm|access-date=September 23, 2006|newspaper=BBC News |date=August 9, 2006}}</ref> however this ban was reversed by the Kerala High Court one month later.<ref name="bhatt">{{cite news|last=Bhattacharjee|first=Ashok|title=Coca-Cola, PepsiCo Win Ruling Overturning India Ban|url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=a5Hk.1Xj0ZVw|archive-url=https://web.archive.org/web/20121104074204/http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a5Hk.1Xj0ZVw|archive-date=November 4, 2012|access-date=December 11, 2010|newspaper=Bloomberg L.P.|date=September 22, 2006}}</ref>

In November 2010, the [[Supreme Court of India]] invalidated a criminal complaint filed against PepsiCo India by the [[Kerala]] government, on the basis that the beverages did meet local standards at the time of the allegations. The court ruling stated that the "percentage of pesticides" found in the tested beverages was "within the tolerance limits subsequently prescribed in respect of such product" because at the time of testing "there was no provision governing pesticide adulteration in cold drinks."<ref name="bustandard">{{cite news|title=PepsiCo cheers verdict|url=http://www.business-standard.com/india/news/pepsico-cheers-verdict/415459/|access-date=December 12, 2010|newspaper=Business Standard (Mumbai)|date=November 19, 2010}}</ref><ref name="indiatimes">{{cite news|last=Singh|first=Sanjay|title=Pepsi gets reprieve in pesticide case|url=http://economictimes.indiatimes.com/news/news-by-industry/cons-products/food/Pepsi-gets-reprieve-in-pesticide-case/articleshow/6951357.cms|access-date=December 12, 2010|newspaper=The Economic Times (India)|date=November 19, 2010}}</ref> In 2010, PepsiCo was among the 12 multinational companies that displayed "the most impressive corporate social responsibility credentials in emerging markets", as determined by the [[U.S. Department of State]].<ref name="roemer">{{cite web|title=Ambassador Roemer Honors GE India and PepsiCo India|url=http://newdelhi.usembassy.gov/pr121310.html|archive-url=https://web.archive.org/web/20110722094341/http://newdelhi.usembassy.gov/pr121310.html|archive-date=July 22, 2011|publisher=Embassy of the United States, New Delhi, India|access-date=December 15, 2010|date=December 13, 2010}}</ref> PepsiCo's India unit received recognition on the basis of its water conservation and safety practices and corresponding results.<ref name="warcx">{{cite web|title=GE, PepsiCo praised for CSR in emerging markets|website=Warc|date=September 10, 2010|url=http://www.warc.com/News/TopNews.asp?ID=27221|access-date=December 13, 2010}}</ref>

==== Packaging and recycling ====
Environmental advocates have raised concern over the environmental impacts surrounding the disposal of PepsiCo's bottled beverage products in particular, as bottle [[recycling]] rates for the company's products in 2009 averaged 34 percent within the U.S.<ref name="grnbiz">{{cite web|title=PepsiCo Uncaps Bottle Recycling Plan Starbucks Still Brewing|url=http://www.greenbiz.com/news/2010/03/26/pepsico-uncaps-bottle-recycling-goal-starbucks-still-brewing|publisher=GreenBiz|access-date=December 9, 2010|date=March 26, 2010|archive-date=December 26, 2010|archive-url=https://web.archive.org/web/20101226204739/http://www.greenbiz.com/news/2010/03/26/pepsico-uncaps-bottle-recycling-goal-starbucks-still-brewing}}</ref> In 2019, BreakFreeFromPlastic named PepsiCo a top 10 global plastic polluter for the second year in a row.<ref>{{Cite web|url=https://www.fastcompany.com/90425011/coca-cola-nestle-and-pepsico-are-the-worlds-biggest-plastic-polluters-again|title=Coca-Cola, Nestlé, and PepsiCo are the world's biggest plastic polluters—again|last=Segran|first=Elizabeth|date=November 1, 2019|website=Fast Company|language=en-US|access-date=February 17, 2020}}</ref> The company has employed efforts to minimize these environmental impacts via [[packaging]] developments combined with recycling initiatives. In 2010, PepsiCo announced a goal to create partnerships that prompt an increase in the beverage container recycling rate in the U.S. to 50 percent by 2018.<ref name="nusca">{{cite web|last=Nusca |first=Andrew |title=PepsiCo unveils smart 'Dream Machine' recycling kiosks |url=http://www.smartplanet.com/business/blog/smart-takes/pepsico-unveils-smart-dream-machine-recycling-kiosks/6260/ |archive-url=https://web.archive.org/web/20100425043641/http://www.smartplanet.com/business/blog/smart-takes/pepsico-unveils-smart-dream-machine-recycling-kiosks/6260/ |archive-date=April 25, 2010 |publisher=SmartPlanet |access-date=December 9, 2010 |date=April 22, 2010 }}</ref>

One strategy enacted to reach this goal has been the placement of interactive recycling kiosks called "Dream Machines" in supermarkets, [[convenience stores]], and [[gas stations]], with the intent of increasing access to recycling receptacles.<ref name="kiosk1">{{cite news | url=https://www.supermarketnews.com/latest-news/pepsico-roll-out-recycling-kiosks | title=PepsiCo to Roll Out Recycling Kiosks | work=Supermarket News | date=April 22, 2010}}</ref><ref name="kiosk2">{{cite web|title=PepsiCo, Coca-Cola Roll Out Recycling Initiatives|website=Environmental Leader|date=June 3, 2010|url=http://www.environmentalleader.com/2010/06/03/pepsico-coca-cola-roll-out-recycling-initiatives/|access-date=December 9, 2010|archive-url=https://web.archive.org/web/20100605084816/http://www.environmentalleader.com/2010/06/03/pepsico-coca-cola-roll-out-recycling-initiatives/|archive-date=June 5, 2010}}</ref> The use of [[resin]] to manufacture its [[plastic bottle]]s has resulted in reduced packaging weight, which in turn reduces the volume of [[fossil fuels]] required to transport certain PepsiCo products. The weight of Aquafina bottles was reduced nearly 40 percent, to 15&nbsp;grams, with a packaging redesign in 2009. Also in that year, PepsiCo brand [[Naked Juice]] began production and distribution of the first 100 percent [[PET bottle recycling|post-consumer recycled plastic bottle]].<ref name="schwartz">{{cite magazine|last=Schwartz |first=Ariel |title=Naked Juice Brings PET Bottles to the Mainstream |magazine=Fast Company |date=July 10, 2009 |url=http://www.fastcompany.com/blog/ariel-schwartz/sustainability/naked-juice-brings-pet-bottles-mainstream |archive-url=https://web.archive.org/web/20090713041508/http://www.fastcompany.com/blog/ariel-schwartz/sustainability/naked-juice-brings-pet-bottles-mainstream |archive-date=July 13, 2009 |access-date=December 12, 2010 }}</ref>

On March 15, 2011, PepsiCo unveiled the world's first plant-based [[Polyethylene terephthalate|PET]] bottle. The bottle is made from plant-based materials, such as [[Panicum virgatum|switch grass]], [[corn husks]], and pine bark, and is 100% recyclable. PepsiCo plans to reuse more by-products of its manufacturing processes such as orange peels and oat hulls in the bottles. PepsiCo has identified methods to create a molecular structure that is the same as normal petroleum-based PET—which will make the new bottle technology, dubbed "Green Bottle", similar to Coke's "PlantBottle" idea from 2009, which feel the same as normal PET. PepsiCo have said to pilot production in 2012, and upon successful completion of the pilot, intends moving to full-scale commercialization, however in 2021 there are still no records of such bottles being produced.<ref>{{cite press release |title=PepsiCo Develops World's First 100 Percent Plant-Based, Renewably Sourced PET Bottle |url=http://www.pepsico.com/PressRelease/PepsiCo-Develops-Worlds-First-100-Percent-Plant-Based-Renewably-Sourced-PET-Bott03152011.html |publisher=PepsiCo |date=March 15, 2011 |access-date=June 18, 2012}}</ref>

In a bid to reduce packaging consumption, in recent years the PepsiCoPartners launched as a service offering carbonated drinks dispensers within the US. The dispensers are currently being trialed in large corporate offices and universities.<ref>{{Cite web|title=PepsiCo Product Equipment and Displays |publisher=PepsiCo Partners|url=https://www.pepsicopartners.com/equipment|access-date=May 21, 2020}}</ref>

In 2020 PepsiCo teamed up with French biochemistry startup [[Carbios]] in order to promote and establish a new recycling method for used plastic bottles. This method uses enzymes to dissolve plastic very thoroughly and the final leftovers can be used to produce textiles.<ref>{{Cite web|url=https://www.greenbiz.com/article/why-pepsico-loreal-and-nestle-are-banking-french-plastics-recycling-startup|title= Why PepsiCo, L'Oreal and Nestle are banking on this French plastics recycling startup|date= May 7, 2020|website=greenbiz.com|access-date=January 21, 2020}}</ref>

==== Energy usage and carbon footprint ====
PepsiCo, along with other manufacturers in its industry, has drawn criticism from environmental advocacy groups for the production and distribution of plastic product packaging, which consumed an additional {{convert|1.5|e9USgal|m3}} of [[petrochemicals]] in 2008. These critics have also expressed apprehension over the production volume of plastic packaging, which results in the [[Air pollution|emission]] of [[carbon dioxide]].<ref name="geller">{{cite news|last=Geller|first=Martinne|title=PepsiCo tests "green" vending machines|url=https://www.reuters.com/article/idUSTRE52T0QD20090330|access-date=December 12, 2010|work=Reuters |date=March 30, 2009}}</ref> Beginning largely in 2006, PepsiCo began development of more efficient means of producing and distributing its products using less energy,<ref name="bruce">{{cite web|last=Bruce|first=Bill|title=Consumer goods industry initiatives on climate protection|website=FoodBev|date=November 29, 2010|url=http://www.foodbev.com/news/consumer-goods-industry-initiatives-on-climate-protection|access-date=December 13, 2010}}</ref> while also placing a focus on [[Air pollution|emissions reduction]].<ref name=geller /> In a comparison of 2009 [[energy usage]] with recorded usage in 2006, the company's per-unit use of energy was reduced by 16 percent in its beverage plants and 7 percent in snack plants.<ref name=susrept />

In 2009, Tropicana (owned by PepsiCo) was the first brand in the U.S. to determine the [[carbon footprint]] of its [[orange juice]] product, as certified by the [[Carbon Trust]], an outside auditor of carbon emissions.<ref name="martin">{{cite news|last=Martin|first=Andrew|title=How Green Is My Orange?|url=https://www.nytimes.com/2009/01/22/business/22pepsi.html?_r=2|access-date=December 8, 2010|newspaper=The New York Times|date=January 21, 2009}}</ref> Also in 2009, PepsiCo began the test deployment of so-called "green [[vending machines]]", which reduce energy usage by 15 percent in comparison to average models in use. It developed these machines in coordination with [[Greenpeace]], which described the initiative as "transforming the industry in a way that is going to be more [[climate]]-friendly to a great degree."<ref name="martin"/>

PepsiCo has announced a global company goal of transitioning its electricity sources to 100% renewable energy, although they did not specify a specific year of which this goal would hypothetically occur at. PepsiCo has additionally also publicly announced its goal of decreasing its main operation's greenhouse gas emissions by 75% as compared to the 2015 baseline, by 2030.<ref name=":2">{{Cite journal |last1=Qian |first1=Duan |last2=Dargusch |first2=Paul |last3=Hill |first3=Genia |date=January 2022 |title=Carbon Management behind the Ambitious Pledge of Net Zero Carbon Emission&mdash;A Case Study of PepsiCo |journal=Sustainability |language=en |volume=14 |issue=4 |page=2171 |doi=10.3390/su14042171 |issn=2071-1050|doi-access=free |bibcode=2022Sust...14.2171Q }}</ref> Pepsico has succeeded in achieving 23% of their absolute emissions target reduction as of 2022.<ref name=":2"/>

=== Product nutrition ===
According to its 2009 annual report, PepsiCo states that it is "committed to delivering sustainable growth by investing in a healthier future for people and our planet",<ref name=annualrpt09/><ref name="susrept">{{cite web|title=2009 Sustainability Report Overview|url=http://www.pepsico.com/Download/PepsiCo_2009_Sustainability_Report_Overview.pdf|archive-url=https://web.archive.org/web/20100821142748/http://www.pepsico.com/Download/PepsiCo_2009_Sustainability_Report_Overview.pdf|archive-date=August 21, 2010|publisher=PepsiCo, Inc.|access-date=December 13, 2010|year=2009}}</ref> which it has defined in its mission statement since 2006 as "Performance with Purpose".<ref name="anreport06">{{cite report|title=2006 Annual Report|url=http://www.pepsico.com/Download/2006-Annual-English.pdf|archive-url=https://web.archive.org/web/20090902080736/http://www.pepsico.com/Download/2006-Annual-English.pdf|archive-date=September 2, 2009|publisher=PepsiCo, Inc.|access-date=December 9, 2010|pages=2–3|date=March 5, 2007}}</ref> According to news and magazine coverage on the subject in 2010, the objective of this initiative is to increase the number and variety of healthier food and beverage products made available to its customers,<ref name="econperf">{{cite magazine|title=Pepsi gets a makeover|magazine=The Economist|date=March 25, 2010|url=https://www.economist.com/business/2010/03/25/taking-the-challenge|access-date=December 3, 2010}}</ref> employ a reduction in the company's [[environmental impact]],<ref name="clancy">{{cite web|last=Clancy |first=Heather |title=PepsiCo practices performance with purpose in sustainability push |website=Smart Planet |date=May 19, 2010 |url=http://www.smartplanet.com/business/blog/business-brains/pepsico-practices-performance-with-purpose-in-sustainability-push/7129/ |archive-url=https://web.archive.org/web/20100523122801/http://www.smartplanet.com/business/blog/business-brains/pepsico-practices-performance-with-purpose-in-sustainability-push/7129/ |archive-date=May 23, 2010 |access-date=December 15, 2010 }}</ref> and to facilitate [[Multiculturalism|diversity]] and healthy lifestyles within its employee base.{{Citation needed|date=September 2015}} Its activities in regards to the pursuit of its goals—namely environmental impacts of production and the nutritional composition of its products—have been the subject of recognition from health and environmental advocates and organizations, and at times have raised concerns among its critics. As the result of a more recent focus on such efforts, "critics consider (PepsiCo) to be perhaps the most proactive and progressive of the food companies", according to former ''[[New York Times]]'' food industry writer Melanie Warner in 2010.<ref name="warner">{{cite web|last=Warner|first=Melanie|title=Good News! PepsiCo's Indra Nooyi Solves the Obesity Crisis|url=http://www.bnet.com/blog/food-industry/good-news-pepsico-8217s-indra-nooyi-solves-the-obesity-crisis/677|publisher=BNet|access-date=December 4, 2010|date=April 29, 2010}}</ref>

==== Product diversity ====
From its founding in 1965 until the early 1990s, the majority of PepsiCo's product line consisted of carbonated soft drinks and convenience [[snacks]]. PepsiCo broadened its product line substantially throughout the 1990s and 2000s with the [[takeover|acquisition]] and development of what its CEO deemed as "good-for-you" products, including [[Quaker Oats]], [[Naked Juice]], and Tropicana orange juice.<ref name="mangalindan">{{cite news|last=Mangalindan|first=JP|title=PepsiCo CEO: 'If all consumers exercised...obesity wouldn't exist'|url=https://money.cnn.com/2010/04/27/news/companies/indra_nooyi_pepsico.fortune/index.htm|access-date=December 12, 2010|newspaper=CNN Money / Fortune|date=April 27, 2010}}</ref> Sales of such healthier-oriented PepsiCo brands totaled US$10&nbsp;billion in 2009, representing 18 percent of the company's total revenue in that year. This movement into a broader, healthier product range has been moderately well received by nutrition advocates; though commentators in this field have also suggested that PepsiCo market its healthier items as aggressively as less-healthy core products.<ref name="moore">{{cite news|last=Moore|first=Angela|title=Indra Nooyi's Pepsi challenge|url=http://www.marketwatch.com/story/indra-nooyi-puts-her-brand-on-pepsis-pressing-global-challenges?pagenumber=1|access-date=December 14, 2010|work=MarketWatch|date=December 6, 2007}}</ref>

In response to shifting consumer preferences and in part due to increasing governmental regulation, PepsiCo in 2010 indicated its intention to grow this segment of its business, forecasting that sales of fruit, vegetable, [[whole grain]], and [[Dietary fiber|fiber]]-based products will amount to US$30&nbsp;billion by 2020.<ref name="confinogoals">{{cite news|last=Confino|first=Jo|title=PepsiCo's 'big hairy audacious goals'|url=https://www.theguardian.com/sustainable-business/pepsico-background-sustainability-programme|access-date=December 14, 2010|newspaper=The Guardian|date=May 26, 2010|location=London}}</ref> To meet this intended target, the company has said that it plans to acquire additional health-oriented brands while also making changes to the composition of existing products that it sells.<ref name=confinogoals/>

==== Ingredient changes in Pepsi ====
Public health advocates have suggested that there may be a link between the [[ingredient]] makeup of PepsiCo's core snack and carbonated soft drink products and rising rates of health conditions such as [[obesity]] and [[diabetes]]. The company aligns with personal [[:wikt:responsibility|responsibility]] advocates, who assert that food and beverages with higher proportions of sugar or salt content are fit for consumption in moderation by individuals who also exercise on a regular basis.<ref name="byrnes">{{cite magazine|last=Byrnes |first=Nanette |title=Pepsi Brings In the Health Police |magazine=Bloomberg Businessweek |date=January 14, 2010 |url=http://www.businessweek.com/magazine/content/10_04/b4164050511214.htm |archive-url=https://web.archive.org/web/20100121152258/http://www.businessweek.com/magazine/content/10_04/b4164050511214.htm |archive-date=January 21, 2010 |access-date=December 13, 2010 }}</ref>

Changes to the composition of its products with nutrition in mind have involved reducing fat content, moving away from [[trans-fats]], and producing products in [[calorie]]-specific [[serving size]]s to discourage [[overconsumption]], among other changes.<ref name="econperf"/> One of the earlier ingredient changes involved sugar and caloric reduction, with the introduction of [[Diet Pepsi]] in 1964 and [[Pepsi Max]] in 1993—both of which are variants of their full-calorie counterpart, [[Pepsi]]. More recent changes have consisted of [[saturated fat]] reduction, which [[Frito-Lay]] reduced by 50% in [[Lay's]] and [[Ruffles (potato chips)|Ruffles]] potato chips in the U.S. between 2006 and 2009.<ref name=byrnes /> Also in 2009, PepsiCo's Tropicana brand introduced a new variation of orange juice (Trop50) sweetened in part by the plant [[Stevia]], which reduced calories by half.<ref name=byrnes/> Since 2007, the company also made available lower-calorie variants of [[Gatorade]], which it calls "G2".<ref name="gatoradeg2">{{cite news|title=Pepsi unveils low-calorie Gatorade 'G2'|url=https://money.cnn.com/2007/09/07/news/companies/pepsi_newproducts/index.htm|access-date=December 13, 2010|work=CNN Money|date=September 7, 2007}}</ref> On May 5, 2014, PepsiCo announced that the company would remove [[brominated vegetable oil]] from many of its products, but a timeframe was not discussed.<ref>{{cite web|last1=Kastrenakes|first1=Jacob|title=Coca-Cola and Pepsi removing controversial 'flame retardant' ingredient from all drinks|url=https://www.theverge.com/2014/5/6/5686660/bvo-chemical-being-removed-from-all-coca-cola-and-pepsico-drinks|website=The Verge|date=May 6, 2014|publisher=Vox Media|access-date=June 3, 2017}}</ref>

==== Distribution to children ====
As public perception placed additional scrutiny on the marketing and distribution of carbonated soft drinks to children, PepsiCo announced in 2010 that by 2012, it will remove beverages with higher sugar content from primary and secondary schools worldwide.<ref name="kcity">{{cite news|last=Hack|first=Greg|title=Pepsi to pull sugar-sweetened drinks from schools|url=http://economy.kansascity.com/?q=node/6516|access-date=December 12, 2010|newspaper=The Kansas City Star|date=March 16, 2010}}</ref> It also, under voluntary guidelines adopted in 2006, replaced "full-calorie" beverages in U.S. schools with "lower-calorie" alternatives, leading to a 95 percent reduction in the 2009 sales of full-calorie variants in these schools in comparison to the sales recorded in 2004.<ref name="pepsugarschools">{{cite news|title=PepsiCo yanking sugar from schools worldwide|work=Crains New York |agency=Associated Press|date=March 16, 2010|url=http://www.crainsnewyork.com/article/20100316/FREE/100319922#|access-date=December 14, 2010}}</ref> In 2008, in accordance with guidelines adopted by the International Council of Beverages Associations, PepsiCo eliminated the advertising and marketing of products that do not meet its nutrition standards, to children under the age of 12.<ref name="fredrix">{{cite news|last=Fredrix |first=Emily |title=Pepsi Plans To Stop Selling Sugary Drinks In Schools Worldwide |url=http://www.huffingtonpost.com/2010/03/16/pepsi-outdoes-cocacola-pl_n_501868.html |archive-url=https://web.archive.org/web/20100326103918/http://www.huffingtonpost.com/2010/03/16/pepsi-outdoes-cocacola-pl_n_501868.html |archive-date=March 26, 2010 |work=The Huffington Post |access-date=December 14, 2010 |date=March 16, 2010 }}</ref><ref name="gilbert2">{{cite web|last=Gilbert|first=Sarah|title=Is Pepsi's Removal of Sodas from Schools Just a Publicity Stunt?|url=http://www.dailyfinance.com/story/company-news/is-pepsis-removal-of-sodas-from-schools-really-just-a-publicity/19405032/|publisher=DailyFinance|access-date=December 14, 2010|archive-url=https://web.archive.org/web/20100324190351/http://www.dailyfinance.com/story/company-news/is-pepsis-removal-of-sodas-from-schools-really-just-a-publicity/19405032/|archive-date=March 24, 2010}}</ref>

In 2010, [[Michelle Obama]] initiated a campaign to end [[childhood obesity]] (titled ''[[Let's Move!]]''), in which she sought to encourage healthier food options in [[Public school (government funded)|public schools]], improved food [[nutrition labeling]], and increased [[physical activity]] for children. In response to this initiative, PepsiCo, along with food manufacturers [[Campbell Soup]], Coca-Cola, [[General Mills]], and others in an alliance referred to as the "[[Healthy Weight Commitment Foundation]]", announced in 2010 that the companies will collectively cut one trillion calories from their products sold by the end of 2012 and 1.5&nbsp;trillion calories by the end of 2015.<ref name="black">{{cite news|last=Black|first=Jane|title=Food firms take up first lady's challenge|url=http://www.post-gazette.com/pg/10139/1059133-84.stm#ixzz16hFddmAh|access-date=December 14, 2010|newspaper=Pittsburgh Post-Gazette / The Washington Post |date=May 19, 2010}}</ref>

==See also==
{{Portal|Hudson Valley|New York City|Companies|Drink}}
* [[Cola wars]]
* [[Joan Crawford#Pepsi-Cola|Joan Crawford]]
* [[List of assets owned by PepsiCo]]
* [[Pepsi Stuff]]
{{clear}}

==References==
{{reflist}}

==External links==
{{ccat}}
* {{Official website}}
{{Finance links
| name = PepsiCo, Inc
| symbol = PEP
| sec_cik = 77476
| yahoo = PEP
| google = PEP
}}
* [https://archive.org/details/pepsicofritolayannualreports PepsiCo, FritoLay and Pepsi-Cola Annual Reports (1938–2017)], Archive of Annual Reports, Internet Archive
{{PepsiCo}}
{{Soft drink}}
{{NASDAQ-100}}
{{Authority control}}

[[Category:PepsiCo| ]]
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[[Category:Conglomerate companies established in 1965]]
[[Category:Conglomerate companies of the United States]]
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[[Category:Food and drink companies established in 1965]]
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