Leading North American food and beverage processors 2022/2023

PepsiCo was the leading food and beverage company overall in North America in the 2022 financial year. The corporation had sales of over 52.7 billion U.S. dollars from food and beverages that were processed on the continent. In the same year, PepsiCo had a net revenue of 86.39 billion dollars from its global operations. Tyson Foods, known for its meat-based brands such as Jimmy Dean and Hillshire Farm, were a close second, with 50.9 billion dollars in sales from its North American operations.

PepsiCo’s history

PepsiCo is a multinational food and beverage corporation formed by the merger of the Pepsi-Cola Company and Frito-Lay in 1965. The corporation has acquired several companies since then, including Tropicana Products in 1998 and the Quaker Oats Company in 2001 to increase its range of brands.

PepsiCo brands

Pepsi, PepsiCo’s flagship brand, was the third most valuable soft drink brand in the world in 2023, worth over 18.8 billion dollars. Lay’s, the company’s leading snack food brand, was the best-selling potato chip in the U.S. with sales of nearly 4.1 billion dollars in 2023, more than double that of its closest competitor.