PepsiCo said on Monday it would buy prebiotic soda brand Poppi for $1.95 billion, expanding into the "healthier soda" category at a time when the company is battling falling demand for its traditional beverages and snacks.

PepsiCo is aquiring the prebiotic soda brand Poppi for $1.95 billion. “More than ever, consumers are looking for convenient and great-tasting options that fit their lifestyles and respond to their growing interest in health and wellness,” PepsiCo Chairman and CEO Ramon Laguarta said in a statement,' according to the Associated Press.

DALLAS - PepsiCo has announced a deal to acquire Poppi, a Dallas-founded prebiotic soda brand known for its viral social media presence and gut-health benefits. The acquisition strengthens PepsiCo’s position in the growing health and wellness beverage market.