PepsiCo announced on Monday that it has entered into an agreement to purchase prebiotic soda brand Poppi for $1.95 billion.

Meanwhile, Coca-Cola launched its own line of prebiotic drinks, Simply Pop, to compete with those already on the market. Made with fruit juice and featuring no added sugar, these beverages contain 6 grams of fiber, plus zinc and vitamin C for immune support.

Key TakeawaysPepsiCo has agreed to acquire prebiotic soda brand Poppi, the snack and beverage giant said Monday.The deal is worth $1.65 billion, with another $300 million in expected cash tax benefits putting its value near $2 billion.