PepsiCo’s Revenue By Segment (2016-2023)

This article discusses PepsiCo’s Revenue By Segment split across AMESA, APAC, Asia, Middle East, and North Africa, Europe Sub-Saharan Africa, Frito-Lay North America, Latin America, North America Beverages, and Quaker Foods North America, reported on a quarterly basis from Q1 2016 onwards.

PepsiCo generates its revenues from the following segments:

• AMESA
• APAC
• Europe Sub-Saharan Africa
• Frito-Lay North America
• Latin America
• North America Beverages
• Quaker Foods North America

PepsiCo’s Revenue By Segment

(figures in billions, except percentages)

PepsiCo’s total revenue rose from $13.88 billion in Q1 2020 to $14.82 billion in Q1 2021, marking an increase of 6.77% on a year-on-year basis. During the pandemic, the company launched two e-commerce platforms-Pantryshop.com and Snacks.com for online shopping of snacks and beverages as the physical outlets remained closed because of the COVID-19 pandemic.

• AMESA: This segment includes revenues from the following regions- India, Pakistan, South Africa, Saudi Arabia, and Egypt. The revenues from this segment increased from $0.63 billion in Q1 2020 to $0.88 billion in Q1 2021, an increase of 39.68% on a year-on-year basis. In Q1 2021, the AMESA segment contributed 5.94% to Pepsi’s total revenue.
• APAC: This segment includes revenues from the Asia Pacific, Australia, New Zealand, and China. The main office of this segment is located in Shanghai, China. The revenues from this segment increased from $0.55 billion in Q1 2020 to $0.94 billion in Q1 2021, a growth of 70.90% on a year-on-year basis.
• Frito-Lay North America: Frito-Lay is the manufacturer and distributor of potato chips, tortilla chips, cheetos, corn chips, multigrain chips. The company has operations in the United States and Canada. The company has more than 30 manufacturing facilities and more than 200 distribution centers across the United States and Canada. The revenues from this segment rose from $4.07 billion in Q1 2020 to $4.24 billion in Q1 2021, marking an increase of 4.17% on a year-on-year basis. In Q1 2021, this segment contributed 28.61% to the company’s total revenue.
• Latin America: In Latin America, PepsiCo offers a variety of products of major brands like Lays, Doritos, Gatorade, Tropicana, Quaker, Cheetos, and Mirinda. The revenues from this segment declined to $1.24 billion in Q1 2021 from $1.31 billion in Q1 2020. In Q1 2021, this segment contributed 8.37% to the company’s total revenue.
• AMENA: South Asia, the Middle East, and North Africa which were earlier part of the AMENA segment now come under the company’s AMESA segment. The company made this segment change in Q4 2019. 
• North America Beverages: This segment involves making, distributing, and selling soft drinks both- carbonated and non-carbonated in the North America region. Major brands include- Tropicana, Gatorade, Pepsi, Mountain Dew, Aquafina. The company has also formed strategic partnerships with Starbucks and Lipton. The revenues from this segment increased from $4.83 billion in Q1 2020 to $5.07 billion in Q1 2021, an increase of 4.96% on a year-on-year basis. North America Beverages segment contributed 34.21% to Pepsi’s total revenue in Q1 2021 which was the highest.
• Quaker Foods North America: Pepsi acquired Quaker Foods, an oats-making company in 2001. The company manufactures breakfast items like cereals, oatmeals, cookies, snack bars, etc. The revenues from this segment increased from $0.63 billion in Q1 2020 to $0.64 billion in Q1 2021, a growth of 1.58% on a year-on-year basis. This segment contributed 4.32% to Pepsi’s total revenue in Q1 2021.
• Europe Sub-Saharan Africa: PepsiCo Europe Sub-Saharan Africa includes the company’s business in European Countries and Sub-Saharan regions like Kenya, Mali, Namibia, Nigeria, Congo, and many more. PepsiCo Europe manufactures and sells a variety of snacks and beverages like- Cheetos, Lays, Quaker cereals and oats, Doritos, Pepsi, Pepsi Max, Gatorade, Mountain Dew, etc. The revenues from this segment declined to $1.79 billion in Q1 2021 from $1.83 billion in Q1 2020, a decrease of 2.18% on a year-on-year basis.

Company Overview

PepsiCo Inc. is an American consumer company that offers a variety of snacks and beverages. The Pepsi-Cola company was founded by Caleb Bradham. The company has its main office in Harrison, New York, United States. 

PepsiCo offers a variety of snacks and soft drinks like- Lays, Cheetos, Doritos, Pepsi, Gatorade, Tropicana, Mirinda, and many more. Pepsi’s products are available in more than 200 countries worldwide. Pepsi faces tough competition from Coca-Cola, Red Bull, Real Fruit Juice, and Kellogg’s. 

Over the years, PepsiCo has acquired many companies like Frito-lay, Quaker Oats, Sabra Dipping Company, and Tropicana. These acquisitions have helped the company in increasing its product portfolio.

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