PepsiCo's distribution of net revenue worldwide 2023, by segment

PepsiCo Beverages North America segment accounted for approximately 30 percent of PepsiCo’s net revenue in 2023. It followed Frito-Lay North America, making 42 percent of the total net profits during that year. The company has steadily increased its global net revenue since 2007 with almost 40 billion U.S. dollars to approximately 92 billion U.S. dollars in 2023.
PepsiCo is an American food, snack, and beverage multinational corporation. Since 1965, the company has expanded from its renowned and most recognizable product, Pepsi Cola, to a vast array of food and beverage brands that include 7 Up, Mountain Dew, Gatorade, and snack brands such as Ruffles and Doritos.

Cola wars

Coca-Cola Company is an American multinational beverage corporation and PepsiCo’s biggest competitor. The beverage industry has been greatly impacted by the rivalry between the two companies, which has encouraged both corporations to innovate and improve their products. Similar to PepsiCo, Coca-Cola Company’s most successful operating segment is North America, generating almost 40 percent of its net revenue.

Popular soft drinks

Pepsi ranked third on the list of most valuable soft drinks worldwide in 2023, its net revenue is exactly fifty percent more than Coca-Cola Company, even though Coca-Cola ranked first in the list. Nongfu Spring, a Chinese bottled water company, was second place in the ranking, while Red Bull, the well-known energized drink, came in fourth.