PepsiCo's R&D costs worldwide 2013-2021

In 2021, PepsiCo spent just over 752 million U.S. dollars on research and development. Over the past seven years, the company’s total R&D expenses have fluctuated between 665 and 760 million U.S. dollars. PepsiCo is a large American multinational, headquartered in New York, United States.

PepsiCo’s divisions

Over the past nine years, PepsiCo generated 55 percent of its worldwide net revenue through food products and the rest through beverages. More specifically, the company’s largest divisions included North American Beverages (NAB), Frito-Lay North America (FLNA), and Europe in 2021. NAB’s net revenue amounted to just over 25 billion U.S. dollars that year.

Frito-Lay

Frito-Lay is one of PepsiCo’s largest subsidiaries: the company is based in Texas and produces many varieties of chips, among other snack foods. In 2021, Frito-Lay was unequivocally the leading vendor of tortilla and tostada chips in the United States. That year, the company generated just under four billion U.S. dollars’ worth of sales. Barcel USA LLC, which ranked second for the same period, earned roughly a tenth of the sales numbers generated by Frito-Lay.