Pepsico research and development expenses

Research & Development expenses of Pepsi 2006-2022.

Amounts in millions.

YearR&D expenses (Millions)
2022$771
2021$752
2020$719
2019$711
2018$680
2017$737
2016$760
2015$754
2014$718
2013$665
2012$552
2011$525
2010$488
2009$414
2008$388
2007$364
2006$282
2005$280

In fiscal 2022, Pepsico spent $771 million on research and development activities or $19 million dollar higher compared to the prior year.

The research and development expenses of Pepsico increased to $752 million in 2021 from $719 million in 2020.

Research and development expenses of Pepsico came down to $680 millions in 2018 from $737 Millions in 2017.

Pepsi’s research and development efforts are targeted at:

  • developing new ingredients, flavors and products;
  • reformulating and improving the quality and appeal of existing products;
  • improving and modernizing of manufacturing processes, including cost reduction;
  •  improving product quality, safety and integrity;
  •  developing and improving the dispensing equipment, packaging technology (including investments in recycling-focused technologies), package design (including development of sustainable, bio-based packaging) and portion sizes
  • Identifying opportunities for transformation and growth of the product portfolio, including developement of products with better nutrition profiles which reduce added sugars, sodium or saturated fat, including  use of sweetener alternatives and flavor modifiers and innovation in existing sweeteners, further expanding Pepsi’s beyond the bottle portfolio and offering more products with positive nutrition including whole grains, fruits and vegetables, dairy, protein and hydration;
  • Investing in building capabilities that support Pepsi’s global e-commerce business; and improving energy efficiency and efforts focused on reducing environmental impact.

The research and development centers of Pepsi are located around the world in several countries including Brazil, China, India, Ireland, Mexico, Russia, the United Kingdom and the United States.