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Pepsi taps booming gut-health market with $2bn Poppi deal

Drinks group buys prebiotic brand initially funded by investor on ‘Shark Tank’ show

PepsiCo has struck a $2bn deal to buy Poppi, becoming the latest big group seeking to capitalise on the booming market for “prebiotic” drinks that claim to promote gut health. 

Poppi, whose founders raised their initial funding through the Shark Tank television show, is one of several emerging soda brands that claim to foster healthy intestinal bacteria and contain less sugar than conventional soft drinks.

The ingredients include juice, vinegar and prebiotics, and the drinks’ popularity has been fuelled in part by viral marketing on TikTok and other social media platforms. 

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