Pepsi Competitors (Updated in 2023)

The top Pepsi competitors are Coca-Cola, Dr. Pepper Snapple, Red Bull, Dabur Real juice, Mondelez, General Mills, Kellogg’s and others. The company, PepsiCo manufactures Pepsi which is a carbonated soft drink was developed in the year 1893 by Caleb Bradham. This was renamed as Pepsi-Cola during the year 1898 and then to Pepsi in 1961. The company has a great portfolio of food and beverage which provides more choice to the customers. The products are available worldwide and they have about 22 brands.

It is considered as one of the leading Food and Beverage Company and has product portfolio of 23 brands that generate more than $1 billion over five years. It engages in the production, marketing, distribution, and sale of food, snacks, and beverages. Their brand includes Gatorade, Pepsi-Cola, Frito-Lay, Tropicana, and Quaker. The company has a great loyal customer base. The soft drinks have an iconic taste which makes the customers stick to this brand always.

PepsiCo net income for the quarter ending June 30, 2023 was $2.748B. PepsiCo gross profit for the quarter ending June 30, 2023 was $12.201B. As of August 2023 Pepsico has a market cap of $245.28 Billion. This makes Pepsico the world’s 34th most valuable company by market cap.

Through this article, let us see the top Pepsi competitors.

Top Pepsi Competitors in Beverages

1) Coca-Cola

• Product Type: Soft drink.
• Industry: Food and Beverages.
• Founded: 1886,
• Founder: John Stith Pemberton.
• Headquarters: Atlanta, Georgia, United States.
• Area Served: Worldwide.
• Current CEO: James Quincey.
• Revenue: $11.972B (June 30, 2023)
• Market cap: $261.15B (August 25, 2023)
• Number of employees: 82,500 (2022)

Coca-Cola also called Coke is a carbonated soft drink. It is the number one non-alcoholic beverage company in the world and the most popular brand. The company’s top five soft drinks brands are Diet Coke, Coca-Cola, Sprite, and Fanta.

Apart from soft drinks, the company also markets juice drinks, waters, sports and energy drinks drink, ready-to-drink teas and coffees. Minute Maid, Dasani, Powerade, and Vitamin water are few other brands. The company offers their products to almost 200 countries through the largest beverage distribution system in the world.

Coca-Cola net income for the quarter ending June 30, 2023 was $2.547B. Coca-Cola gross profit for the quarter ending June 30, 2023 was $7.060B. Coca-Cola operating income for the quarter ending June 30, 2023 was $2.401B.

The company is valued at about $261.15 billion and is considered one of the most valuable companies in the world. It has a wide presence across the globe and people who visit any country will find its presence there. The marketing strategy of Coca-Cola is good and it targets people of all ages. Due to their large market share and its brand value, Coca-Cola is regarded as a top Pepsi competitor.

2) Dr. Pepper Snapple

• Product Type: Soft drink.
• Industry: Food and Beverages.
• Founded: 1995,
• Founders: Charles Alderton and Leonard Marsh.
• Headquarters: Plano, Texas, United States.
• Area Served: Worldwide.
• Current CEO: Robert C. Powell.
• Revenue: $3.789B (June 30, 2023)
• Market cap: $47.16B (August 18, 2023)
• Number of employees: 28,000 (2022)

An American soft drink company, Dr. Pepper Snapple is headquartered in Texas. It produces and sells non-alcoholic beverages in Canada, Mexico, United States, and the Caribbean. It was established in the year 2007. It is a wide portfolio of brands.

The company has their business operations in three main segments, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. It produces various flavored carbonated and non-carbonated soft drinks which include ready-to-drink teas, drinks, juices, coconut water, and water.

Keurig Dr Pepper net income for the quarter ending June 30, 2023 was $0.503B. Keurig Dr Pepper gross profit for the quarter ending June 30, 2023 was $2.041B.

It has a strong position in the American market for beverages. The brand’s acquisition with other brands has helped in forming its portfolio. Due to their brand awareness and strong reputation, Dr. Pepper Snapple is regarded as a top Pepsi competitor.

3) Red Bull

• Product Type:  Soft drink.
• Industry: Beverages.
• Founded: 1987,
• Founders: Dietrich Mateschitz and Chaleo Yoovidhya.
• Headquarters: Fuschl am See, Austria.
• Area Served: Worldwide.
• Current CEO: Dietrich Mateschitz.
• Revenue: 1.67 billion U.S. dollars (U.S sales in 2022)
• Brand value: USD 18.5 billion dollars (2022)

Also regarded as a top Pepsi competitor, Red Bull is an energy drink sold by an Australian company, Red Bull GmbH. It has the highest share in the market of any energy drink with about 6.302 billion cans sold every year. Red Bull has a product portfolio that includes energy drinks, sugar-free drinks, and organic drinks.

It was produced for the moments of enhanced mentally and physically stress and improves concentration, alertness, endurance, and reaction speed. It energizes mind and body. The efficiency of this drink has been proved by a large number of scientific studies and has been acknowledged by many people across the globe.

A total of 11.582 billion cans of Red Bull were sold worldwide in 2022, representing an increase of 18,1% against an already very successful 2021. Group turnover was up 23,9% from EUR 7.816 billion to EUR 9.684 billion. As of the end of 2022, Red Bull employed 15,779 people in 175 countries. In 2022, Red Bull had an estimated brand value of 16.96 billion euros, up from roughly 16 billion the year prior.

The brand is a great hit in making their category brand which is being recognized all over the world. It has maintained consistent and strong promotional activities and has also sponsored popular sports activities to make their brand identity stronger. Due to their strong geographic presence, Red Bull is regarded as a top Pepsi competitor.

4) Dabur Real juice

• Product Type: Ready-to-drink fruit juice.
• Industry: Beverages.
• Founded: 1996,
• Founder: Shiv Nadar.
• Headquarters: Gurgaon, Haryana, India.
• Area Served: India.
• Current CEO: Mohit Burman.
• Market share: 57%

The Dabur real fruit has been the chosen choice of consumers with respect to packaged fruit juices. It is the number one brand of fruit juices in India. The company has been awarded as ‘India’s most trusted brand’ for the sixth consecutive year in the category of juices.

Dabur Real Juice has been a successful product for Dabur India, with the company aiming for a sales turnover of Rs 500 crore from the juice. Real juice has a varied range of 14 different varieties in the category of fruit juice. To name few category, Guava & Litchi, Indian Mango, Tomato, Peach, Pomegranate, Plum, Grape, Apricot, Pineapple, Apple, Orange, and mixed fruit. These juices are prepared from best quality fruits and have no added preservative, because of this it provides fruit power along with taste.

The main strength of this product is the preparation of juice without adding any preservative. It mixes real fruit with an equal amount of water to prepare the juice and does not have any artificial flavor. This brand is recommended by the association, Protein Food & Nutrition Development Association of India (PFNDAI). Due to their large variants of products, Dabur Real juice is regarded as a top Pepsi competitor.

Pepsi Competitors in Snacks

5) Mondelez

• Product Type: Beverage.
• Industry: Food and beverage.
• Founded: 2012,
• Founder: Kraft Foods.
• Headquarters: Deerfield, Illinois, United States.
• Area Served: Worldwide.
• Current CEO: Dirk Van de Put.
• Revenue: $8.507B (June 30, 2023)

An American multinational confectionary food and beverage company, Mondelez based out in Illinois. The company produces cookies, chocolate, beverages, and confectionary. It is considered as one of the world’s largest snack companies. The company operates worldwide and generates most of their revenue outside the United States.

The brand’s portfolio of products is organized into five product categories, biscuits, chocolate which amounts to almost 70% of the total revenue, gum, and candy about 15% of the total revenue, cheese and grocery amounting to about 10% of their total revenue and beverages about 5% of their total revenue.

Mondelez International empowers people to snack right in over 150 countries around the world. Mondelez International employs approximately 91,000 diverse and talented employees in its factories, offices, research & development facilities, and distribution activities around the world. Mondelez net income for the quarter ending June 30, 2023 was $0.944B. As of August 2023 Mondelez has a market cap of $96.77B.

The main strength of this company is that it periodically modifies core products when it sells to other places to make the taste suit to that particular place. Due to their attractive categories, Mondelez is regarded as one of the top Pepsi competitors.

6) General Mills

• Product Type: Foodservice products.
• Industry: Food.
• Founded: 1866,
• Founder: Cadwallader Washburn.
• Headquarters: Minneapolis, Minnesota, United States.
• Area Served: Worldwide.
• Current CEO: Jeff Harmening.
• Revenue: $5.030B (May 31, 2023)
• Market cap: $39.74B (August 25, 2023 )
• Number of employees: 34,000 (2023)

General Mills is a food processing industry based out in the United States. It is a producer and distributor of branded consumer goods that are sold through retail stores. It offers refrigerated yogurt, ready-to-eat cereals, meal kits, soup, dessert and baking mixes, pizza snacks, frozen pizza, ice creams, frozen desserts and various organic products. It supplies their food products to the commercial baking and food service companies.

The company sells their products through various distribution arrangements to membership stores, grocery stores, and natural food chains, online, commercial and non-commercial foodservice operators. The company has a lot of brands which is popular worldwide.

General Mills net income for the quarter ending May 31, 2023 was $0.615B. General Mills gross profit for the quarter ending May 31, 2023 was $1.728B. General Mills operating income for the quarter ending May 31, 2023 was $0.818B.

Some of their popular brands are Bisquick, Cheerios, Haagen-Dazs, Yoqlaid, Betty Crocker, and Cascadian Farm. The company is well-known for its advertising strategy. Most of their products are popular among various target segments especially kids and homemakers. Due to their wide presence in food processing domains, General Mills is regarded as a top Pepsi competitor.

7) Kellogg’s

• Product Type:  Foodservice products.
• Industry: Food.
• Founded: 1906,
• Founders: Will Keith Kellogg and John Harvey Kellogg.
• Headquarters: Battle Creek, Michigan, United States.
• Area Served: Worldwide.
• Current CEO: Steven Cahillane.
• Revenue: $4.041B (June 30, 2023)
• Market cap: $20.97B (August 25, 2023)
• Number of employees: 30,000 (2022)

Pepsi has a presence in the breakfast segment via Quaker oats and Kellogg’s is a major competitor to that. Kellogg’s is American multinational food processing company. It is headquartered in Michigan, United States. It produces convenience and cereal foods like crackers, cookies, toaster pastries, cereal and protein bars, frozen waffles, fruit-flavored snacks, and vegetarian foods.

This brand is much remembered across many countries and especially eaten at breakfast time. The various brands of the company are Rebar, Apple Jacks, Kashi, Corn Flakes, Rice Krispies and many more. The products of Kellogg’s are manufactured in about 18 countries and are sold in about 180 countries. The largest factory of this company is located in the United Kingdom.

Kellogg net income for the quarter ending June 30, 2023 was $0.357B. Kellogg gross profit for the quarter ending June 30, 2023 was $1.333B.

It became the second largest company in the world for snack producing by acquiring the Procter & Gamble’s Pringles potato crisps brand. Due to their great marketing strategies and brand value, Kellogg’s is regarded as one of the top Pepsi competitors.

8) P&G

• Product Type: Consumer goods.
• Industry: Consumer goods.
• Founded: 1837, by William Procter and James Gamble.
• Founders: William Procter and James Gamble.
• Headquarters: Cincinnati, Ohio, United States.
• Area Served: Worldwide.
• Current CEO: Jon R. Moeller.
• Revenue: $20.553B (June 30, 2023)
• Market cap: $361.94B (August 25, 2023)
• Number of employees: 107,000 (2023)

An American multinational consumer goods corporation, Procter & Gamble (P&G) is headquartered in the United States. It was founded by William Procter, a British American and James Gamble, an Irish American. It produces various products related to snacks, food, beverages, personal care, cleansing agents, and hygienic products.

The company provides branded products which are of great quality and provides value in the lives of people. It has their operations in about 80 countries worldwide and their 300 brands are distributed in about 160 countries. Procter & Gamble net income for the quarter ending June 30, 2023 was $3.312B. Procter & Gamble gross profit for the quarter ending June 30, 2023 was $9.940B.

One of the main strength of P&G is the economies of sales. It has an excellent research and development wing which helps in the innovation of new products. Due to their great products, P&G is regarded as a top Pepsi competitor.

9) HUL

• Product Type: Consumer goods.
• Industry:  Consumer goods.
• Founded: 1931,
• Founders: Hindustan Vanaspati Manufacturing Co., Lever Brothers.
• Headquarters: Mumbai, India.
• Area Served: India.
• Current CEO: Sanjiv Mehta.
• Revenue: 597 billion Indian rupees (2023)
• Market cap: $72.89 Billion (August 2023)
• Number of employees: 6,697

A fast-moving consumer goods company, HUL is based in India. It is in the consumer goods production for about 80 years. The company strives to create a better future and makes people feel and look good. It has about 35 brands against 20 different categories like packaged foods, detergents, soaps, skin care, shampoos, deodorants, coffee, tea, ice cream and many more. HUL has a presence in over 190 countries and has over 400 brands around the world. The business has 29 subsidiaries including Unilever India Exports Ltd, Lakme Lever Pvt. Ltd, and Hindustan Unilever Foundation. The company is a part and parcel of the life of many people.

Their famous food products are Bru coffee, Annapurna salt, and Atta, Brooke Bond, Kissan products of jams, ketchup etc., and Lipton tea. It has a research center which developed various innovations in products and manufacturing process. Since it is the about 80-year-old company in consumer goods, it is financially strong. Its main strength is the market share which the company is able to treasure it over the years. Due to their high brand awareness, HUL is regarded as one of the top Pepsi competitors.

10) Conagra

• Product Type:  Consumer goods.
• Industry: Consumer packaged goods.
• Founded: 1919, by Frank Little and Alva Kinney.
• Founders: Frank Little and Alva Kinney.
• Headquarters: Chicago, Illinois, United States.
• Area Served: Worldwide.
• Current CEO: Sean Connolly.
• Revenue: $2.973B (May 31, 2023)
• Market cap: $14.32B (August 25, 2023)
• Number of employees: 18,600 (2023)

A popular North American food processing company, Conagra was established in the year 1919 and headquartered in Illinois, United States. Their products are sold under various brand names in restaurants, supermarkets, and food service establishments. It is $14.3 billion Company, which combines a rich legacy of preparing great food with a polished focus.

Conagra Brands net income for the quarter ending May 31, 2023 was $0.038B. Conagra Brands operating income for the quarter ending May 31, 2023 was $0.063B. Conagra Brands gross profit for the quarter ending May 31, 2023 was $0.783B.

Their products are delivered in a simple way by providing the requirement of customers. The main strength of the company is the low cost of the products and the company still manages a high rate of production. The research and development wing is always on their best to provide great products. Due to their strong financial position and their availability, Conagra is regarded as a top Pepsi competitor.

Indirect Pepsi competitors

11) Nestle (Coffee)

• Product Type: Food and beverages.
• Industry: Food and beverage.
• Founded: 1866,
• Founder: Henri Nestlé.
• Headquarters: Vevey, Switzerland.
• Area Served: Worldwide.
• Current CEO: Mark Schneider.

A famous brand of coffee, Nestle is sold in many forms. Started by a German confectioner and founder of Nestle, Henri Nestle, this company is the largest food and beverage company. Nestle’s coffee was first introduced in Switzerland.

Nestle started the coffee brand during the year 1930 by the initiative of the Brazilian government to preserve the coffee harvest of Brazil. During the year 1938, Nestle introduced their first product. Their coffee is a soluble powdered product that became famous over the years. It has various products of coffee. Few of them are Nescafe Classic, Nescafe Creamy White, Nescafe Original Blend, Nescafe Gold and many more.

The coffee products are available worldwide and are much-preferred drink by the coffee lovers. Due to their various products in coffee and much-used product, Nescafe (coffee) is considered amongst top Pepsi competitors.

12) Lipton (Tea)

• Product Type: Tea.
• Industry: Beverage.
• Founded: 1890
• Founder: Sir Thomas Lipton.
• Headquarters: London, England.
• Area Served: Worldwide.
• Current CEO: Alan Jope.

A famous British brand of tea, Lipton is owned by Unilever. It was founded in the year 1890 by Thomas Lipton. He purchased his tea garden in Sri Lanka, packed and sold the first Lipton tea during the year 1890. It was later acquired by consumer goods company Unilever and over the years started providing varieties of tea products.

Lipton is the world’s best-known and biggest-selling branded tea, and one of the major icons in Unilever’s global foods portfolio. Lipton offers a variety of tea types, including black, green, herbal, fruit, matcha, and benefit-led teas. Lipton teas are a blend selected from many different plantations around the world, from well-known producing countries including Sri Lanka, India, Kenya, and China. Lipton Yellow Label is blended from about 20 different teas.

As of 2022, the British tea brand had a brand value of roughly 10.57 billion U.S. dollars.

Few of their brands are Lipton Yellow Label, Lipton Iced Tea, Lipton Brisk, and Pure Leaf. The products are available worldwide and serve huge consumers. Their tea meets a high quality and is enjoyed in every sip. The tea produced by Lipton has a rich taste and flavor. It provides a unique aroma. Due to their attractive packaging and brand visibility, Lipton (Tea) is considered as one of the top indirect Pepsi competitors.

13) Monster Beverage Corp

• Product Type: Soft drinks.
• Industry: Beverages.
• Founded: 1990,
• Founder: Hansen Natural Corporation.
• Headquarters: Corona, California, United States.
• Area Served: Worldwide.
• Current CEO: Rodney Sacks.
• Revenue: $1.855B (June 30, 2023)
• Market cap: $60.09B (August 18, 2023)
• Number of employees: 5,296 (2022)

Monster Beverage Corporation is a multinational beverage company based in Corona, California, United States. The company was founded as Hansen’s Juices in 1935 and has since then expanded to specialize in energy drinks, soft drinks, and alternative beverages. In 2012, the company changed its name to Monster Beverage Corporation and has been operating under this holding since then. The company’s subsidiaries develop and market energy drinks, including Monster Energy, Relentless, and Burn. Monster also owns Blue Sky Beverage Company, which manufactures several soft drinks. The company’s products are distributed worldwide, and it engages in the development, marketing, sale, and distribution of energy drink beverages and concentrates.

Monster Beverage’s global net sales amounted to nearly 6.3 billion U.S. dollars in 2022. Monster Beverage achieved record fourth quarter net sales of $1.51 billion for the 2022 fourth quarter, 6.2 percent higher than net sales for the previous year. Monster Beverage net income for the quarter ending June 30, 2023 was $0.414B. Monster Beverage operating income for the quarter ending June 30, 2023 was $0.524B.

Some of the popular energy drink brands under Monster Beverage Corporation are: Monster Energy, Monster Energy Ultra, Monster MAXX, Java Monster, Espresso Monster, Caffé Monster, Monster Rehab, Muscle Monster, Monster Hydro.

14) Britvic

• Product Type: Soft drinks.
• Industry: Beverages.
• Founded: 1966
• Founder: British Vitamin Products Company, J. Lyons & Company.
• Headquarters: Hemel Hempstead, United Kingdom.
• Area Served: Europe, Middle East, and Africa.
• Current CEO: Simon Litherland.
• Revenue: £1,618.3m (2022)
• Market cap: $2.84 Billion (August 2023)
• Number of employees: 4,279 (2022)

Britvic plc is a British soft drinks producer based in Hemel Hempstead, England. It was founded in the mid-nineteenth century as the British Vitamin Products Company and started producing fruit juices in 1938. The company changed its name to Britvic in 1971 and has since acquired several other brands. Britvic is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. It is a global leader in branded flavoured concentrates and a large supplier of ready-to-drink juices in the world. Britvic is an international business with a rich history and heritage across all its iconic brands.

Britvic’s Revenue in 2022 was £1,618.3m, which is a 15.5% increase from the previous year. The net income in 2022 was £140.2 million.

15) Danone

• Product Type: Dairy products.
• Industry: Food and beverage.
• Founded: 1919,
• Founder: Isaac Carasso.
• Headquarters: Paris, France.
• Area Served: Worldwide.
• Current CEO: Antoine de Saint-Affrique.
• Revenue: €27.9b (2023)
• Number of employees: 96,166 (2022)
• Market cap: $39.34B (August 18, 2023)

Danone is a French multinational food-products corporation that operates in 130 countries with more than 100,000 employees worldwide. The company is dedicated to bringing health through food to as many people as possible and is built on four businesses: Essential Dairy and Plant-Based Products, Waters, Early Life Nutrition, and Medical Nutrition. Danone aims to inspire healthier and more sustainable eating and drinking practices, in line with its vision – Danone, One Planet. One Health – which reflects a strong belief that the health of people and the health of the planet are interconnected. Danone is one of the largest food and beverage companies in the world whose mission is to provide health to as many people as possible. The company offers fresh dairy products, bottled water, early life nutrition, and medical nutrition products.

Danone’s net sales reached €27,661m in 2022. According to Simply Wall St, Danone’s stock valuation in 2022 is €49.4 billion. Danone annual net income for 2022 was $1.01B.

16) Nongfu Spring

• Product Type: Beverages.
• Industry: Beverages.
• Founded: 1996,
• Founder: Zhong Shanshan.
• Headquarters: Hangzhou, China.
• Area Served: China and overseas.
• Current CEO: Zhong Shanshan.

Nongfu Spring is a Chinese bottled water and beverage company that was founded in 1996 by Zhong Shanshan. It is headquartered in Xihu District, Hangzhou, Zhejiang province, China. The company is the largest packaging water supplier in China, holding the number one spot for market share and is one of the top 20 beverage companies in China. Nongfu Spring has diversified its product base to include coffee and tea beverages, fruit products, yogurt, and rice. The company offers a full range of water products from its 10 natural water sources across China. Nongfu Spring is the third-largest soft drinks company in China and the market leader in the bottled water sub-segment with a 13.6% market share.

Nongfu’s revenue in 2022 was CNY 33.239 billion. Its Profit in 2022 was $1.1 billion. The number of employees in 2022 was 20,000. As of August 2023 Nongfu Spring has a market cap of $60.08 Billion.

17) Starbucks

• Product Type:  Foodservice.
• Industry: Foodservice.
• Founded: 1971,
• Founders: Jerry Baldwin, Gordon Bowker, and Zev Siegl.
• Headquarters: Seattle, Washington, United States.
• Area Served: Worldwide.
• Current CEO: Howard Schultz.
• Revenue: $9.168B (June 30, 2023)
• Market cap: $111.37B (August 18, 2023)
• Number of employees: 402,000 (2022)

Starbucks is a coffeehouse chain that was founded in 1971 in Seattle, Washington. Starbucks started as a small store in Seattle’s historic Pike Place Market, offering fresh-roasted coffee beans, tea, and spices from around the world. In 2022, there were 35,711 thousand Starbucks stores worldwide. The United States and China have the largest number of Starbucks stores globally.

Starbucks offers a variety of coffee drinks, teas, juices, pastries, and snacks, as well as merchandise such as mugs and tumblers. Starbucks has several brands, including Teavana, Starbucks Reserve, Princi, and Ethos. Starbucks is committed to investing in the health, well-being, and success of its employees, who are called partners.

Starbucks’ gross profit for the June 30, 2023, was $6.304B. Starbucks net income for the quarter ending June 30, 2023 was $1.142B. During the 2022 financial year, Starbucks generated a majority of its global revenue from beverage products which amounted to $19.56 billion.

18) Kraft Heinz Company

• Product Type: Food and beverage.
• Industry: Consumer packaged goods (CPG).
• Founded: 2015,
• Founders: Kraft Foods, H.J. Heinz Company.
• Headquarters: Chicago, Illinois, United States.
• Area Served: Worldwide.
• Current CEO: Miguel Patricio.
• Revenue: $6.721B (June 30, 2023)
• Market cap: $41.34B (August 18, 2023)
• Number of employees: 37,000 (2022)

The Kraft Heinz Company is a global food and beverage producer that was formed in 2015 through the merger of Kraft Foods Group, Inc. and H.J. Heinz Holding Corporation. It is co-headquartered in Chicago and Pittsburgh. Kraft Heinz has an unparalleled portfolio of powerful and iconic brands, including Oscar Mayer, Oreo, Philadelphia cream cheese, Planters, and Maxwell House, among many others. The company is committed to growing its iconic and emerging food and beverage brands on a global scale.

Kraft Heinz net income for the quarter ending June 30, 2023 was $1.000B. Kraft Heinz gross profit for the quarter ending June 30, 2023 was $2.261B.

With 2022 net sales of approximately $26 billion, Kraft Heinz is the third-largest food and beverage company in North America and the fifth-largest in the world. The company operates 79 manufacturing and processing facilities, approximately 5,550 ingredient and packaging suppliers, approximately 210 external manufacturers.

19) Anheuser-Busch InBev (AB InBev)

• Product Type: Beverages.
• Industry: Beverages.
• Founded: 2008,
• Founders: Anheuser-Busch, InBev.
• Headquarters: Leuven, Belgium.
• Area Served: Worldwide.
• Current CEO: Michel Doukeris.
• Revenue: $15.120B (June 30, 2023)
• Number of employees: 166,632 (2022)
• Market cap: $96.85B (August 18, 2023 )

Anheuser-Busch InBev is a multinational drinks conglomerate headquartered in Belgium. It is the world’s largest beer brewer by both volume and revenue, operating more than 600 beer brands in 150 countries. AB InBev was formed in 2008 through the acquisition of Budweiser brewer Anheuser-Busch by Belgian conglomerate InBev. The company has a global functional management office in New York City, and regional headquarters in São Paulo, London, St. Louis, Mexico City, Bremen, Johannesburg, and others. The company has a long history, with its humble beginnings in the experienced brewing hands of Belgian monks over 800 years ago. Today, AB InBev’s purpose is to be the best beer company bringing people together for a better world

Anheuser-Busch net income for the quarter ending June 30, 2023 was $0.339B. Anheuser-Busch annual gross profit for 2023 was $8.101B.

20) Suntory Beverage and Food Limited

• Product Type: Beverages
• Industry:  Food and Beverages
• Founded: 2009,
• Founders: Suntory Beverage and Food, Orangina Schweppes.
• Headquarters: Tokyo, Japan.
• Area Served: Worldwide.
• Current CEO: Takuya Ito.
• Revenue: 1.45 trillion Japanese yen (2022)
• Market cap: $10.05 Billion (August 2023)
• Number of employees: 41,000 (2022)

Suntory Beverage and Food Limited is a global company that is a member of the Suntory Group. Established in 2009, it is responsible for the non-alcoholic beverage business of Suntory. The company has a diverse portfolio of beverages, including iced/ready-to-drink tea and coffee drinks, carbonated soft drinks, mineral water, functional drinks, fruit juice drinks, and energy drinks. Suntory Beverage and Food Limited is headquartered in Osaka, Japan, and has expanded internationally, with unique products centered around brands such as V and Just Juice. The company is committed to innovation and providing products and services that exceed consumers’ expectations.

Some of the popular non-alcoholic brands under Suntory Beverage and Food Limited are: Orangina, Lucozade, Ribena, BOSS coffee, Iyemon green tea, Suntory Tennensui water. These brands are sold globally, including in Japan, Asia Pacific, Europe, and America.

Conclusion

The beverage industry is all about producing, utilizing the capacity, sales increase, and market recognition. In order to achieve their goals, the beverage industry focuses on providing high-quality beverages to their customers.

Liked this post? Check out the complete series on Competitors