PepsiCo Acquires Poppi for $1.95 Billion to Expand Healthy Beverage Portfolio

The deal underscores PepsiCo's strategic shift toward functional drinks as demand for traditional sodas declines.

PepsiCo announced the acquisition of prebiotic soda brand Poppi for $1.95 billion, with a net purchase price of $1.65 billion after tax benefits.
Poppi, founded in 2018, has gained popularity for its low-sugar, prebiotic-infused sodas marketed as a healthier alternative to traditional soft drinks.
The acquisition aligns with PepsiCo's strategy to grow its 'better-for-you' offerings, following its recent purchase of Siete Foods and other health-focused brands.
The deal is subject to regulatory approval, with no timeline for closure disclosed, as Poppi continues to face legal challenges over its health claims.
Competition in the functional beverage market is heating up, with Coca-Cola recently launching its own prebiotic soda brand, Simply Pop.