PepsiCo Inc. is an American food and beverage brand founded in 1898, headquartered in New York. This public company made huge sales are many beverage brands’ success and gave perfect competition to its biggest rival, Coca-Cola Company. It has a wide variety of products, and that product has made a significant customer base worldwide. PepsiCo has not left any part of the world to expand and become a company whose net revenue is 70 billion dollars. Here, let’s know about What Companies Are Owned By Pepsi?
PepsiCo makes several products in the food and beverage sector. The company is highly profitable from its segment as well as all the companies that they own. According to the research, out of many owned companies by Pepsi, twenty-three brands generate the most revenue for the company. Apart from PepsiCo’s famous beverage Pepsi, companies manufacture breakfast cereal, smoothies, juices, and even Starbucks bottled beverages, and are the product from one of the companies owned by PepsiCo. Since its expansion, the company was successfully able to make a market capitalization of 164 billion dollars.
Along with its growth, Pepsi has given enormous famous products to its customer like Miranda, Mountain Dew, 7UP, Uncle Chips, Doritos, and the list goes on and on. For many years, PepsiCo has tried hard to expand its portfolio of products. Even today, it continuously studies the market demand and needs to add many more products to its portfolio.
Products of Pepsi
Similar to its other food and beverages competitors like Nestle, Kellogg’s, Coca-Cola, and many more, PepsiCo has also diversified its portfolio. They have owned, taken over, and started many more new companies to introduce their products. The products of PepsiCo are:
- Quaker Oats by PepsiCo
Quaker Oats Company was founded in 1877 in the U.S by Henry Parsons Crowell. It is an American food company known for serving delicious old fashion oats, instant oats, and oats bars known as Granola bars, which has become one of the preferred breakfast choices of almost everyone. Later, in the year 2001, PepsiCo acquired the company worth 14 billion dollars. The company sooner became the fourth largest consuming breakfast division. PepsiCo-owned Quaker oats make a total revenue of around 70 billion dollars every year, making it one of PepsiCo’s most successful owned companies.
- Tropicana
Tropicana Products Inc. is an American fruit beverage company founded by Anthony T.Rossi in 1947. The company assures its customers to provide 100 percent pure fruit juices of various flavors. In no time, PepsiCo saw the opportunity and bought the company in 1998. Since then, the company has been running successfully, generating revenue and profits for its parent organization, PepsiCo. The company became a hit and holds a market share of around 41.5%; on the contrary, its rival Dabur holds around 43.5% in the same segment. The company can generate a decent revenue of 3 billion dollars, making it a well-known product of Pepsi.
- Sabra Hummus
Hummus is a savory spread made majorly from mashed chickpeas. Sabra Dipping Company, founded in 1986, and headquartered in the United States, deals in middle eastern types of foods and dips. In 2008, PepsiCo, along with Strauss Group, owned the Sabra and handled the business and the product very well. After that, the company was soon able to generate 800 million dollars, making this dipping company worth 3.3 billion dollars at the end of 2021. Favorite products like Caramelized Onion Hummus, Classic Hummus, Hummus with pita chips, Deserts, spreads, and much more became very popular.
- Aunt Jemima
Initially, a brand of pancakes mix and various syrup, Aunt Jemima was trendy as it dealt with various breakfast products. Formerly known as Pearl Mining Company from 1889-90 and then renamed Davis Milling Company from 1890-1914. Later, Quaker Oats, whose parent organization was PepsiCo, owned the company. Recently, Aunt Jemima was again highlighted in the news, as PepsiCo on 9th February 2021 announced Aunt Jemima will be now again known as Pearl Milling Company, to carry on the old legacy. The syrup and pancake company is generating a reasonable revenue as the recent revenue came out to be 350 million dollars.
- Frito-Lay
Frito-Lay is one of the most famous brands in snacks, and potato chips are known worldwide. PepsiCo has been the company’s parent organization since 1965, as in that year Frito-Lay merged with Pepsi. From the statistical data, it is evident that in the segment of Chips and snack items, Frito-Lay holds a majority share of around 61%, followed by various others like Kellogg’s Pringles, Cape Potato Chips, and many more. Such a significant stake in the market made the company generate revenue of 15.7 billion dollars. Favorite products like Doritos, Cheetos, Fritos corn chips, Tostitos Tortilla chips, and many more are Frito-Lay. Since its inception, the chips company s been successful in making its customers satisfied and providing them with diversified products.
- SodaStream
SodaStream International Ltd. is an Israel-based carbonated drink company. The SodaStream water is also known as sparkling water. Guy Hugh Gilbey founded the company in 1903, which is headquartered in Israel. As PepsiCo itself was a leading company in carbonated drinks, the innovation and technology fascinated Pepsi and owned it in 2018. The acquisition gave SodaStream a boost in wall street and uplifted the reputation of the company and the interest of the investors. The company reported a booming revenue of 900 million dollars, making the company worth more than 3.2 billion dollars.
- Stacy’s Pita Chips
Stacy’s Pita Chips is an American snack product brand founded by Stacy Madison and Mark Andrus in 1998. The craze of pita bread was always among Americans, which attracted them to the pita chips. The thin crunchy chip by Stacy soon became popular among people, and PepsiCo saw a business opportunity. In 2006 the traditional brand Stacy was sold to PepsiCo at a price, which operated under Frito-Lay, a snacks segment of PepsiCo. The products include pita chips, pita thins, bagel chips, cheese Petites and organic pita chips.
- Aquafina Mineral Water
Aquafina is an American purified mineral water bottle company introduced in 1994 in the United States. Apart from its product in mineral water, the company also produces diversified products in the segment of skincare. Aquafina gives tough competition to its rivals FIJI Water, Bisleri, and Coca-Cola’s Kinley. The net worth of the company became 8 million dollars, which is a money-generating subsidiary for PepsiCo.
- Lipton Tea
Lipton is a famous tea and beverage brand founded in 1890. The main segment of the company is owned by Unilever, whereas the ready-to-drink product in this segment is a joint venture of Unilever and PepsiCo. PepsiCo and Lipton initiated the partnership in 1991 to spread their business globally, as the joint venture took the responsibility to expose its products outside America. The famous products of these brands include Yellow Label, Iced Tea, Brisk, Pyramid Tea, and Pure leaf. The company’s net worth is around 9.1 billion dollars and still making a mark in the market.
- Naked Juice
The brand “Naked Juice” is an American brand that mainly juices and smoothies. Jimmy Rosenberg founded it in 1983. In 2006, PepsiCo decided to acquire the company, as it saw a tremendous growth opportunity in the company PepsiCo. The juice gives competition to its rival Real juice, which is a famous product by Dabur. The net worth of PepsiCo’s subsidiary Naked juice is around 54 million dollars.
- Gatorade
Gatorade is one of the famous sports and energy drink brands of Pepsi. The brand was introduced in 1965, previously owned by Dr. Robert Cade and Stokely Van Champ. In 1983, Quaker Oats Company purchased the company, a subsidiary of PepsiCo, which ultimately was bought by Pepsi in 2000. After the acquisition of the company by Pepsi, Gatorade became the fourth largest brand in this segment. Currently, Gatorade holds more than 75% of the market share, followed by various others.
Pepsi is known as one of the leading companies of carbonated beverages. Apart from Pepsi, the company also deals in many other famous carbonated drinks including, Miranda, Mountain Dew, and 7UP. Not only Pepsi, but all the other drinks are also very famous among the customer base.
PepsiCo also owns Ruffles, Walkers, Brisk, Pasta Roni, Life Cereal, Cheetos, and SoBe.
Conclusion
Pepsi is one of the companies that rule the food and beverage sector, and Nestle, Unilever, and Kellogg’s. Every company puts great effort into making its mark globally, which they achieve by owning the most successful companies in their field. Similarly, PepsiCo has owned various companies which generate a reasonable profit for the company. Pepsi is one of the well-known companies, advertise the products and attract various customers for its owned company.
Frequently Asked Questions
- How many beverage brands are owned by Pepsi?
Pepsi owns around 23 brands of carbonated beverages.
- Does Pepsi also own Starbucks?
No, Pepsi doesn’t own Starbuck; it is just the Starbucks bottled beverages owned and manufactured by Pepsi.
- What is the total market capitalization of Pepsi?
Pepsi has a total market capitalization of 188.6 billion dollars.
