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PepsiCo and Coca-Cola to Compete for Water Profits

Coca-Cola and PepsiCo are taking notice of the massive global demand for bottled water and its profit opportunity.

Coca-Cola (KO) - Get Coca-Cola Company Report and PepsiCo (PEP) - Get PepsiCo, Inc. Report are taking notice of the massive global demand for bottled water and its profit opportunity. In 2015, bottled-water consumption hit an all-time high of 11.7 billion gallons as soft drinks had an 11th consecutive year of declines. PepsiCo's quarterly revenue haven't grown significantly since 2013. Consumption for Coca-Cola products has also stalled worldwide. Non-sugary versions of soda did help declining consumption of their sugary counterparts but eventually health conscious consumers became wary of the ingredients used in stripped-down versions of the original drinks.

This article was written by a staff member of TheStreet.

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