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  4. Poppi
Poppi logo
Food & Beverage

Who Owns Poppi?

Poppi is owned by PepsiCo, Inc., which acquired the prebiotic soda brand on May 19, 2025 for $1.95 billion. PepsiCo is a publicly traded American multinational food and beverage company trading on NASDAQ under PEP and headquartered in Purchase, New York. Poppi was founded in 2018 by Allison and Stephen Ellsworth in Austin, Texas.

Parent Company

PepsiCo, Inc.

Acquired

2025

Status

Publicly Traded

Headquarters

Austin, Texas, United States

Poppi Timeline

1965
PepsiCo, Inc.

Parent company established in Purchase, New York, USA

Company Founded
2018

Poppi

Founded by Allison Ellsworth, Stephen Ellsworth

Founded
2025
Acquired by PepsiCo, Inc.

PepsiCo, Inc. acquired Poppi

Acquired
mid rangemass marketUnited StatesOfficial Website

Who Owns Poppi?

  • Parent Company: PepsiCo, Inc.
  • Ownership Type: Wholly owned
  • Acquisition Year: 2025
  • Company Type: Publicly Traded
  • Stock Ticker: NASDAQ: PEP
BrandParent CompanyOwnership Type
PoppiPepsiCo, Inc.Wholly owned

Where to Buy

Disclosure: We may earn commission from purchases
AmazonPoppi on Amazon

History of Poppi

  • Founded: 2018
  • Founders: Allison Ellsworth, Stephen Ellsworth
  • Acquired by PepsiCo, Inc.: 2025

Poppi was founded in 2018 by Allison and Stephen Ellsworth, who began developing gut-healthy drinks in their kitchen. The concept emerged from Allison's desire to create a healthy soda alternative that combined fruit juice, apple cider vinegar, and soda water.

The brand initially operated under the name Mother Beverage before rebranding to Poppi. The founders appeared on Shark Tank, where they secured an investment that helped accelerate the company's growth. Throughout 2019-2024, Poppi expanded its distribution and product line, introducing various low-sugar flavors with 35 calories or less per serving.

By 2023, Poppi's sales had surpassed $100 million, and the brand was available in over 120 retailers. The company's success attracted major beverage industry attention, leading to PepsiCo's acquisition announcement in early 2025.

The acquisition was completed on May 19, 2025, for $1.95 billion, representing one of the largest acquisitions in the functional beverage category and validating Poppi's market position in the better-for-you soda segment.

About PepsiCo, Inc.

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%.

  • Founded: 1965
  • Headquarters: Purchase, New York, USA
  • Company Type: Publicly Traded
  • Stock: NASDAQ: PEP
  • Revenue: $93.9 billion (FY2025)
  • Employees: approximately 318,000

Visit PepsiCo, Inc. website

View full company profile for PepsiCo, Inc.

Where Is Poppi Made / Based?

  • Headquarters: Austin, Texas, United States
  • Manufacturing / Operations: United States

Poppi Categories & Tags

SodaPrebiotic BeverageFunctional DrinkHealthy SodaGut Health

Poppi Sustainability & Ethics

Poppi operates within PepsiCo's corporate sustainability framework. PepsiCo has committed to net zero emissions by 2040 (updated from its original 2050 target) and maintains goals for sustainable agriculture, water conservation, and packaging innovation across its portfolio. These commitments extend to Poppi as part of PepsiCo's PBNA segment.

PepsiCo has set targets for making all packaging recyclable, compostable, or biodegradable. Poppi's aluminum cans are recyclable, though the brand does not publish separate sustainability metrics. Poppi's ingredients, including apple cider vinegar and fruit juices, are sourced through PepsiCo's agricultural supply chain following the company's responsible sourcing standards.

Poppi is not certified organic, non-GMO, or B Corporation certified. The brand does not publish separate sustainability reports. Sustainability performance is reported at the PepsiCo corporate level in the company's annual ESG disclosures.

The brand's core positioning as a "healthier" soda alternative has been subject to legal challenge. In May 2024, a class action lawsuit was filed against VNGR Beverage, LLC (Poppi's legal entity) alleging that the brand's "gut healthy" marketing claims were not scientifically supported. The lawsuit argued that each can contains only 2 grams of prebiotic fiber, which is insufficient to provide meaningful gut health benefits if consumed in typical quantities. In March 2025, the parties reached an $8.9 million settlement agreement, which is pending final court approval. The settlement covers consumers who purchased Poppi products between January 23, 2020, and July 18, 2025. A final approval hearing is scheduled for November 20, 2025. Poppi denied any wrongdoing as part of the settlement.

Awards & Recognition

Poppi's appearance on Shark Tank in 2018 was a significant early milestone, providing national television exposure and investment capital. The brand's subsequent growth from a kitchen startup to over $100 million in annual sales attracted significant industry attention.

The $1.95 billion acquisition by PepsiCo, announced March 17, 2025, and completed May 19, 2025, was widely covered by major business media including Bloomberg, Reuters, and the Wall Street Journal. The acquisition was one of the largest in the functional beverage category and was frequently cited as evidence of major beverage companies' interest in better-for-you brands.

Poppi has been featured in numerous food and beverage industry publications for its role in popularizing the prebiotic soda category. The brand has been covered by Food Navigator, Beverage Daily, and other trade publications as a key player in the functional beverage trend.

Poppi Recalls & Controversies

Poppi has not experienced any product recalls as of August 2025. However, the brand faced a significant legal challenge related to its health claims marketing.

In May 2024, a class action lawsuit was filed in the U.S. District Court for the Northern District of California against VNGR Beverage, LLC (doing business as Poppi) by plaintiff Kristin Cobbs. The lawsuit alleged false advertising and improper labeling, claiming that Poppi's marketing slogans "Be Gut Happy. Be Gut Healthy" and "For a Healthy Gut" were not scientifically supported. The complaint argued that each can contains only 2 grams of prebiotic fiber, which is "too low to cause meaningful gut health benefits" if consumers drink one can per day. The lawsuit further alleged that consumers would need to drink more than four Poppi sodas daily to realize potential benefits, but that the sugar content would offset those benefits.

In March 2025, the parties reached an $8.9 million settlement agreement. The settlement fund covers consumers who purchased Poppi products between January 23, 2020, and July 18, 2025, for household use in the United States. Consumers with proof of purchase can claim 75 cents per single can, $3 per four-pack, $6 per eight-pack, and $9 per 12-pack or 15-pack. Consumers without proof of purchase can receive a maximum of $16 per household. The minimum payment for approved claims is $5 per household. Claims must be submitted by September 2025, and a final approval hearing is scheduled for November 20, 2025. Poppi denied any wrongdoing as part of the settlement agreement.

The lawsuit and settlement highlighted broader regulatory scrutiny facing functional beverage brands that make health claims. The case underscored the importance of scientific substantiation for health benefit marketing in the rapidly growing functional beverage market.

Brands Owned by PepsiCo, Inc.

7 UpFood Beverage

7 Up

Owned by PepsiCo, Inc.

American lemon-lime flavored carbonated soft drink brand known for its crisp, clean taste and caffeine-free formula.

soft-drinklemon-limecaffeine-free
AquafinaFood Beverage

Aquafina

Owned by PepsiCo, Inc.

American brand of purified bottled water produced by PepsiCo, featuring both still and flavored water products distributed in more than 30 countries.

bottled-waterpurified-waterbeverage
Cap'n CrunchFood Beverage

Cap'n Crunch

Owned by PepsiCo, Inc.

Sweetened corn and oat breakfast cereal created by Quaker Oats in 1963, owned by PepsiCo through its Quaker Foods division.

breakfast-cerealsweetened-cerealchildrens-food
DoritosFood Beverage

Doritos

Owned by PepsiCo, Inc.

American brand of flavored tortilla chips produced by Frito-Lay, a subsidiary of PepsiCo. Over $2 billion in annual retail sales.

tortilla-chipssnackscorn-chips
Frito-LayFood Beverage

Frito-Lay

Owned by PepsiCo, Inc.

American snack foods division of PepsiCo, producing Lay's, Doritos, Cheetos, Tostitos, Fritos, and other snack brands.

snackscorn-chipspotato-chips
FritosFood Beverage

Fritos

Owned by PepsiCo, Inc.

American corn chip brand created in 1932 by Charles Elmer Doolin, produced by Frito-Lay (PepsiCo Foods North America).

corn-chipssnacksamerican-classic
View all brands owned by PepsiCo, Inc.

Poppi Ownership: Pros & Cons

Advantages

  • +Access to PepsiCo's extensive distribution network and retail relationships enables broader availability
  • +PepsiCo's marketing resources and brand development expertise support accelerated growth
  • +Manufacturing scale through PepsiCo's infrastructure reduces production costs and improves efficiency
  • +Financial backing from a large publicly traded parent company supports product innovation and expansion
  • +Integration with PepsiCo's health and wellness product strategy aligns with consumer trends

Considerations

  • -Potential loss of independent brand identity under corporate ownership may affect consumer perception
  • -The brand must maintain differentiation within PepsiCo's extensive beverage portfolio
  • -Pressure to achieve growth targets within a large corporate structure may affect decision-making
  • -Competition from other functional beverage brands, including Olipop and emerging entrants, remains intense
  • -The class action lawsuit settlement over health claims may affect consumer trust in the brand's positioning

Frequently Asked Questions About Poppi

Sources & Further Reading

  • PepsiCo Completes Acquisition of Poppi (May 19, 2025)
  • PepsiCo to Acquire Poppi (March 17, 2025)
  • PepsiCo 2024 SEC 10-K Filing
  • Poppi Official Website
  • Poppi Class Action Settlement Website
  • ABC News: Poppi Class Action Settlement
  • Today.com: Poppi Settlement Coverage
  • Reuters: PepsiCo to Buy Poppi
  • Poppi Wikipedia
  • PepsiCo Official Website

Competitors to Poppi

No direct competitors found in the same category. This could be because Poppioperates in a unique market segment or we're still building our competitor database.

Independent Alternatives to Poppi

Looking for brands with different ownership structures? These similar brands are not owned by PepsiCo, Inc., giving you alternative choices that support different corporate structures.

BarillaFood Beverage

Barilla

Owned by Barilla Group

Italian pasta and food brand owned by Barilla Group, a leading global pasta and sauce manufacturer.

pastafooditalian
Privately Owned

Barilla is privately owned, unlike Poppi which is under a publicly traded parent company.

CelebrationsFood Beverage

Celebrations

Owned by Mars, Incorporated

British chocolate assortment brand featuring a variety of chocolate candies, owned by Mars, Incorporated and distributed globally.

chocolateassortmentcandies
Privately Owned

Celebrations is privately owned, unlike Poppi which is under a publicly traded parent company.

Froot LoopsFood Beverage

Froot Loops

Owned by Ferrero

American colorful ring-shaped corn cereal with fruit-flavored sweetness, introduced in 1963 by Kellogg's. Known for its toucan mascot Toucan Sam and the "Follow your nose" advertising slogan.

breakfast-cerealkids-cerealcolored-cereal
Privately Owned

Froot Loops is privately owned, unlike Poppi which is under a publicly traded parent company.

Frosted FlakesFood Beverage

Frosted Flakes

Owned by Ferrero

American sweetened corn flake cereal introduced in 1952 as Sugar Frosted Flakes by Kellogg's. One of the best-selling breakfast cereals in the United States, famous for the Tony the Tiger mascot.

breakfast-cerealcerealkids-cereal
Privately Owned

Frosted Flakes is privately owned, unlike Poppi which is under a publicly traded parent company.

Galaxy ChocolateFood Beverage

Galaxy Chocolate

Owned by Mars, Incorporated

British chocolate brand owned by Mars, Incorporated, known for smooth and creamy chocolate bars and confectionery products.

chocolatechocolate-barsconfectionery
Privately Owned

Galaxy Chocolate is privately owned, unlike Poppi which is under a publicly traded parent company.

Krispy KremeFood Beverage

Krispy Kreme

Owned by JAB Holding Company

American doughnut brand founded in 1937, publicly traded on NASDAQ (DNUT) with JAB Holding as largest shareholder at 43%. Operates over 2,100 shops globally with a hub-and-spoke distribution model.

doughnutsbakeryfood-beverage
Privately Owned

Krispy Kreme is privately owned, unlike Poppi which is under a publicly traded parent company.

PepsiCo, Inc. Stock Information

Jobs at PepsiCo, Inc.

Latest News About Poppi

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Last reviewed: August 1, 2025 · Reviewed by Who Brands Editorial Team