
Mirinda is owned by PepsiCo (NASDAQ: PEP), a publicly traded American multinational food and beverage corporation headquartered in Purchase, New York. PepsiCo acquired Mirinda in 1970 from its Spanish originators. Mirinda is sold in over 100 countries and competes directly with Coca-Cola's Fanta in the international fruit soda category. PepsiCo reported 2025 net revenue of $93.9 billion. Mirinda is managed within PepsiCo's International Beverages Franchise and EMEA segments, which together generated over $38 billion in 2025 revenue.
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Mirinda | PepsiCo, Inc. | Wholly owned |
Mirinda was created in Spain in 1959 by a Spanish beverage company. The brand's name is derived from Esperanto, the constructed international language, where "mirinda" means "admirable" or "wonderful." The original Mirinda was an orange-flavored carbonated soft drink, though the brand quickly expanded to include grape, strawberry, and apple flavors.
PepsiCo acquired Mirinda in 1970, approximately 11 years after the brand was created. The acquisition gave PepsiCo a fruit-flavored carbonated soft drink to deploy internationally, filling a gap in its portfolio at a time when Fanta was establishing itself as the dominant global fruit soda under Coca-Cola's distribution. PepsiCo needed a fruit soda brand to compete with Fanta in markets where cola preferences were secondary to fruit flavors.
Throughout the 1970s and 1980s, Mirinda expanded rapidly across international markets under PepsiCo's ownership. The brand became prominent in India, Saudi Arabia, Thailand, and Mexico, where fruit-flavored sodas commanded significant market share. PepsiCo invested in marketing campaigns including the "Mirinda Craver" advertising campaign produced by Jim Henson Productions from 1975 to 1978, which featured a monster character with an insatiable craving for Mirinda.
In the 1990s, Mirinda underwent a strategic repositioning in several key markets. In Mexico, the brand shifted its focus to orange flavor as its primary offering, supported by a campaign featuring the Blue Man Group and the tagline "The Taste is in Mirinda." This repositioning consolidated Mirinda's identity around its flagship orange variant in markets where flavor proliferation had diluted the brand's focus.
In September 2023, PepsiCo unveiled a global brand refresh for Mirinda, introducing a new visual identity with an updated logo, packaging design, and brand platform. The refresh was intended to modernize the brand's appeal to younger consumers. The new identity was rolled out across Mirinda's international markets through 2024.
In 2025, PepsiCo implemented a new operating model that elevated International Operating Units, including the International Beverages Franchise and EMEA segments where Mirinda is sold. The company also completed the acquisitions of Siete Foods and poppi beverage, though these do not directly affect Mirinda's operations.
What does PepsiCo own?
PepsiCo owns a portfolio of more than 23 billion-dollar brands across beverages, snack foods, and cereals. Key brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Aquafina, SodaStream, Lay's, Doritos, Cheetos, Fritos, Tostitos, Ruffles, Quaker Oats, Cap'n Crunch, and Poppi. The company also owns international snack brands including Walkers (UK), Sabritas and Gamesa (Mexico), and Smith's (Australia).
Is PepsiCo publicly traded?
Yes, PepsiCo is publicly traded on NASDAQ under ticker PEP. The company has been listed since 1965 and is one of the largest companies in the S&P 500. Major institutional shareholders include Vanguard Group, BlackRock, and State Street. PepsiCo is a Dividend Aristocrat, having increased its annual dividend for 54 consecutive years.
Who founded PepsiCo?
PepsiCo was formed in 1965 through the merger of Pepsi-Cola Company, founded by Caleb Bradham in 1898, and Frito-Lay, Inc., formed by Herman Lay in 1932. Bradham was a pharmacist in New Bern, North Carolina, who created Pepsi-Cola. Lay was a potato chip distributor in Nashville, Tennessee, who built a national snack food company.
Where is PepsiCo headquartered?
PepsiCo is headquartered in Purchase, New York, USA. The company's corporate campus in Westchester County, north of New York City, houses its executive offices and many of its North American business units. PepsiCo operates manufacturing facilities and offices across more than 200 countries and territories worldwide.
How many brands does PepsiCo own?
PepsiCo owns more than 23 brands that each generate over $1 billion in annual retail sales. The total brand count is significantly higher when including regional and smaller brands. The portfolio spans beverages (Pepsi, Mountain Dew, Gatorade, Tropicana), snack foods (Lay's, Doritos, Cheetos, Fritos), and cereals (Quaker, Cap'n Crunch, Life).
Who owns PepsiCo?
PepsiCo is a publicly traded company with a dispersed shareholder base. No single shareholder holds a controlling stake. The largest institutional shareholders are Vanguard Group, BlackRock, and State Street. Ramon Laguarta serves as Chairman and CEO, having succeeded Indra Nooyi in 2018.
What is PepsiCo's financial performance?
For FY2025 (ended December 27, 2025), PepsiCo reported net revenue of $93.9 billion, up 2% from $91.9 billion in FY2024. Net income was $8.3 billion, and core EPS was $8.14. Free cash flow was $8.2 billion. The company announced its 54th consecutive annual dividend increase. For FY2026, PepsiCo projects organic revenue growth of 2% to 4% and core constant currency EPS growth of 4% to 6%.
Mirinda participates in PepsiCo's sustainability programs under the pep+ (PepsiCo Positive) framework, which focuses on positive agriculture, positive value chain, and positive choices.
Packaging: PepsiCo aims to make 100% of packaging recyclable, compostable, biodegradable, or reusable by 2025 and to use 50% recycled material in packaging. The company has implemented plastic reduction programs and is working to build recycling collection systems. Mirinda's PET bottles and aluminum cans participate in these packaging initiatives.
Water Stewardship: PepsiCo aims to become net water positive by 2030 in high-water-risk areas, replenishing more water than it uses. The company has achieved high water-use efficiency in its beverage manufacturing and partners with local communities on water security initiatives in water-stressed regions where Mirinda operates, including India and Mexico.
Climate Action: PepsiCo aims to achieve net zero emissions by 2040. The company has implemented renewable energy projects and energy efficiency improvements across its manufacturing facilities. Mirinda's production and distribution processes contribute to PepsiCo's Scope 1, 2, and 3 emissions.
Supply Chain: PepsiCo's supplier code of conduct extends across Mirinda's supply chain, covering ingredient suppliers and bottling partners. The company works with suppliers to drive improvements in water use, packaging, emissions, and agricultural practices.
PepsiCo is not a Certified B Corporation. The company publishes an annual ESG Summary and Sustainability Report aligned with GRI and SASB standards.
Competition with Fanta: Mirinda faces persistent competitive pressure from Fanta, which holds a larger global market share in the fruit soda category. Coca-Cola's broader international distribution network gives Fanta an advantage in many markets. This competitive dynamic has limited Mirinda's growth potential in some regions.
Sugar Content and Health Concerns: As a sweetened carbonated beverage, Mirinda faces scrutiny regarding sugar consumption and health effects, particularly among younger consumers. Several governments in Mirinda's key markets have implemented or considered sugar taxes, including Mexico (implemented in 2014) and India (discussed but not implemented nationally). PepsiCo has responded by offering reduced-sugar and zero-sugar Mirinda variants in select markets.
Limited US Market Presence: Mirinda has minimal presence in the United States, limiting the brand's exposure to one of the world's largest beverage markets. PepsiCo's fruit soda category in the US is served by other brands, meaning Mirinda's growth is entirely dependent on international markets.
PepsiCo Portfolio Competition: Mirinda competes internally for marketing investment and shelf space against higher-priority PepsiCo brands such as Pepsi, Gatorade, and Mountain Dew. The brand's budget-tier positioning and international focus mean it receives less marketing investment than PepsiCo's flagship brands.
PepsiCo Quaker Recall (2024): In 2024, PepsiCo issued a voluntary recall of certain Quaker bars and cereals due to potential Salmonella contamination. While this did not directly affect Mirinda, it reflected on PepsiCo's overall quality control and created costs that were charged to the PepsiCo Foods North America segment.
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| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Pepsico | USA | 1929 | Mass market | Global | All-ages | |
| Pepsico | USA (PepsiCo headquarters) | 1940 | Mass market | Global | All Genders | |
| Coca Cola Company | USA | 1886 | Mass market | Global | All-ages | |
| Coca Cola Company | USA | 1940 | Mass market | Global | All-ages | |
| Pepsico | USA | 1994 | Mass market | Global | All Genders | |
| Pepsico | USA | 1898 | Mass market | Global | All-ages |
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Market Positioning: Mirinda competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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