PepsiCo competitors, on the record

Who PepsiCo names

In its own words

1. Conagra Brands, Inc., Hormel Foods Corporation, Keurig Dr Pepper Inc., Link Snacks, Inc., Mondelēz International, Inc., Monster Beverage Corporation, Nestlé S.A., Red Bull GmbH, The Kraft Heinz Company, Utz Brands, Inc., Primo Brands Corporation, The Campbell’s Company, Mars, Incorporated

   Word for word“Other beverage and convenient food competitors include, but are not limited to, The Campbell’s Company, Conagra Brands, Inc., Hormel Foods Corporation, Keurig Dr Pepper Inc., The Kraft Heinz Company, Link Snacks, Inc., Mars, Incorporated, Mondelēz International, Inc., Monster Beverage Corporation, Nestlé S.A., Primo Brands Corporation, Red Bull GmbH and Utz Brands, Inc.” 10-K for 2025

2. The Coca-Cola Company

   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

3. Campbell Soup Company

   Word for word“Other beverage and convenient food competitors include, but are not limited to, Campbell Soup Company, Conagra Brands, Inc., Hormel Foods Corporation, Kellanova, Keurig Dr Pepper Inc., The Kraft Heinz Company, Link Snacks, Inc., Mondelēz International, Inc., Monster Beverage Corporation, Nestlé S.A., Red Bull GmbH and Utz Brands, Inc.” 10-K for 2023

4. Kellanova

   Word for word“Other beverage and convenient food competitors include, but are not limited to, The Campbell’s Company, Conagra Brands, Inc., Hormel Foods Corporation, Kellanova, Keurig Dr Pepper Inc., The Kraft Heinz Company, Link Snacks, Inc., Mondelēz International, Inc., Monster Beverage Corporation, Nestlé S.A., Primo Brands Corporation, Red Bull GmbH and Utz Brands, Inc.” 10-K for 2024

5. Kellogg Company

   Word for word“Other beverage and convenient food competitors include, but are not limited to, Campbell Soup Company, Conagra Brands, Inc., Hormel Foods Corporation, Kellogg Company, Keurig Dr Pepper Inc., The Kraft Heinz Company, Link Snacks, Inc., Mondelēz International, Inc., Monster Beverage Corporation, Nestlé S.A., Red Bull GmbH and Utz Brands, Inc.” 10-K for 2022

Who names PepsiCo

Companies whose own annual reports name PepsiCo as a competitor.

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

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

2. Coca-Cola Consolidated names it as “PepsiCo, Inc.” · 2025

   Word for word“Our principal competitors include local bottlers of PepsiCo, Inc. products and, in some regions, local bottlers of Dr Pepper products.” 10-K for 2025

3. 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

4. Mondelez names it as “PepsiCo, Inc.” · 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

5. Monster Beverage names it as “PepsiCo, Inc.” · 2025

   Word for word“Our products compete with all liquid refreshments, including TCCC, Starbucks Corporation, PepsiCo, Red Bull GmbH, KDP, Molson Coors, Constellation Brands, AB InBev, The Boston Beer Company and The Mark Anthony Group.” 10-K for 2025

6. National Beverage · 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

7. Sanfilippo John B & SON names it as “PepsiCo, Inc.” · 2026

   Word for word“In the bar industry, we compete with, among others, General Mills (Nature Valley brand), PepsiCo, Inc. (Quaker brand), Mondelez (CLIF brand), Kellanova (Nutrigrain brand), Mars (KIND and Nature's Bakery brands) as well as regional bar manufacturers.” 10-K for 2026

8. Utz Brands · 2025

   Word for word“Our principal identified competitors include PepsiCo, Campbell’s, Mars, General Mills, Grupo Bimbo, Hershey’s, Hain Celestial, and Arca Continental, among others.” 10-K for 2025

Read from PepsiCo’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 2026-02-03. 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.