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PepsiCo is the largest food and beverage company in North America and the second-largest in the world, behind only Nestlé. PepsiCo’s products include a wide range of household-name food and beverage brands, including Pepsi, Gatorade, Frito-Lay, Quaker Oats, Rockstar Energy, and Muscle Milk. The company in its current form was founded in 1965 with the merger of the Pepsi-Cola Company and Frito-Lay Inc., and has continued to expand ever since. As of 2021, PepsiCo’s product portfolio includes 23 brands that generate more than $1 billion each in estimated annual retail sales. The company’s products are consumed more than 1 billion times a day in more than 200 countries and territories around the world. In 2020, the company announced it will donate $570 million over five years to Black- and Hispanic-owned businesses across the country.
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