Companies
Poppi
acquired by PepsiCo for nearly $2 billion, explicitly to accelerate PepsiCo's "Positive Choices" growth strategy and functional food and beverage offerings.
- Country
- United States
Coverage
| EU | IN | US | |
|---|---|---|---|
| food-alt-protein | ✓ | ✓ | ✓ |
Regulatorsfda
Verifiable facts
| Fact | Value | Source |
|---|---|---|
| Funding | The company raised a $25 million funding round in late 2022. | fooddive.com · foodnavigator.com · pepsico.com |
| Capacity | Poppi utilized contract manufacturing (co-packing) to flexibly scale production capacity in response to demand spikes. | business-news-today.com |
| Regulatory approval | The acquisition by PepsiCo was subject to customary closing conditions, including regulatory approval, and was completed as of May 19, 2025. | brewbound.com · foodbusinessnews.net · pepsico.com |
| Production site | The company relied on contract manufacturing (co-packing) for its production. | business-news-today.com |
| Revenue | The brand saw $500 million in sales in 2024. | fooddive.com |
Independent sources: brewbound.com · business-news-today.com · foodbusinessnews.net · fooddive.com · foodnavigator.com · pepsico.com
Technologies
| Name | Cluster | Risk | |
|---|---|---|---|
| Bio-nutraceutical drinks and functional beverages | food-alt-protein | Low | → |
Compiled by BIOECON from primary sources.
Compliance
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