Coca-Cola competitors, on the record

Who Coca-Cola names

In its own words

1. Danone S.A., Diageo plc, Heineken N.V., Keurig Dr Pepper Inc., Kirin Holdings, Nestlé S.A., Red Bull GmbH, Suntory Beverage & Food Limited, Anheuser-Busch InBev

   Word for word“Other significant competitors include, but are not limited to, Nestlé S.A., Keurig Dr Pepper Inc., Danone S.A., Suntory Beverage & Food Limited, Anheuser-Busch InBev, Kirin Holdings, Heineken N.V., Diageo plc and Red Bull GmbH.” 10-K for 2025

2. PepsiCo, Inc.

   Word for word“In many of the countries in which we do business, PepsiCo, Inc. is a primary competitor.” 10-K for 2025

3. AB InBev

   Word for word“Other significant competitors include, but are not limited to, Nestlé S.A., Keurig Dr Pepper Inc., Danone S.A., Suntory Beverage & Food Limited, AB InBev, Kirin Holdings, Heineken N.V., Diageo and Red Bull GmbH.” 10-K for 2023

4. Unilever

   Word for word“Other significant competitors include, but are not limited to, Nestlé S.A., Keurig Dr Pepper Inc., Danone S.A., Suntory Beverage & Food Limited, Unilever, AB InBev, Kirin Holdings, Heineken N.V., Diageo and Red Bull GmbH.” 10-K for 2022

Who names Coca-Cola

Companies whose own annual reports name Coca-Cola as a competitor.

1. PepsiCo names it as “The Coca-Cola Company” · 2022, 2023, 2024, 2025

   Word for word“In many countries in which our products are sold, including the United States, The Coca-Cola Company is our primary beverage competitor.” 10-K for 2025

2. Ambev names it as “The Coca-Cola Company” · 2025

   Word for word“Our main competitor in the NAB market is The Coca-Cola Company.” 20-F for 2025

3. Celsius Holdings names it as “The Coca-Cola Company” · 2025

   Word for word“Our direct competitors in the functional energy drink sector include but are not limited to Monster Beverage Corporation, Red Bull GmbH, The Coca-Cola Company, Pepsi, Keurig Dr Pepper Inc., Nestlé S.A., BlueTriton Brands, Starbucks Corporation, Congo Brands and Molson Coors.” 10-K for 2025

4. Keurig Dr Pepper · 2025

   Word for word“Our primary competitors include Coca-Cola, PepsiCo, Starbucks Corporation, The J.M. Smucker Company, The Kraft Heinz Company, and Nestlé S.A.” 10-K for 2025

5. Mondelez names it as “The Coca-Cola Company” · 2025

   Word for word“The Mondelēz International performance peer group consists of the following companies considered our market competitors or that have been selected on the basis of industry, global focus or industry leadership: Campbell Soup Company, The Coca-Cola Company, Colgate-Palmolive Company, Danone S.A., General Mills, Inc., The Hershey Company, The Kraft Heinz Company, Nestlé S.A., PepsiCo, Inc., The Procter & Gamble Company and Unilever PLC.” 10-K for 2025

6. National Beverage names it as “The Coca-Cola Company” · 2026

   Word for word“Several competitors, including those that dominate the beverage industry, such as The Coca-Cola Company, PepsiCo, Keurig Dr. Pepper, and Nestlé S.A., are larger and have greater financial resources.” 10-K for 2026

Read from Coca-Cola’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2026-02-20. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.