Coca-Cola is definitely one of the top beverage brands, and everyone knows its brand and logo around the world. This American based company hails from Atlanta, Georgia, and it is actually one of the oldest companies in the world as well. However, do you know how much Coca-Cola is valued at in 2021? If not, then you are in the right place to find out.
Let’s do a deep dive into Coca-Cola, its history, and how much it’s valued at right now.
Again, Coca-Cola is a mainstay in the drinks and beverage industry, and it’s actually an icon of pop culture. This drink came onto the scene 133 years ago, created in 1886 by John Pemberton. Pemberton saw Coca-Cola as a health drink that could replace a previous drink that he had created, French Wine Coca. It is also claimed that Coca-Cola was created in response to the prohibition era that saw alcoholic beverages banned completely.
Pemberton, a pharmacist, decided to mix carbonated water with syrup, and Coke was born. He sold the first few glasses of his new product for 5 cents each, which even back then was a good price.
Pemberton’s success with Coke caught the eye of another pharmacist by the name of Asa Candler. Candler was known as a successful businessman, which is why he decided to try and acquire the company from Pemberton, as well as all the rights to this brand-new product.
This happened in 1891, and it was one of the most significant steps toward creating the company as it is known today. During the 1890s, a significant increase in production meant that the brand was able to grow and make a profit.
Coke was officially patented in 1893, and in 1894 it started to get bottled in well-known designs that are still associated with Coke today. The design of the bottle has changed over the decades, but not so much that you can’t recognize the product. The unique bottling meant that Coke was able to be sold around the world, and new plants for production were opened in France, Panama, Cuba and Canada.
One of the most revolutionary moments for this beverage company was during WWII when cans were used to make the drink available to soldiers. After the war in 1955, Coca-Cola decided to introduce bottles in varying volumes, including the 10, 12 and 26-ounce. In 1977, Coke started to be sold in a 2-liter plastic bottle.
Coke is now one of the most well-known brands thanks to its iconic flavor, classic packaging and logo. Of course, some things have been adapted for the every-changing market, but the formula has remained the same. Customers everywhere recognize it, which is why up to 1.9 billion drinks are consumed every single day.
It is said that Coke is now worth over $80 billion, and it is safe to say that this is only going to get bigger as the company continues its winning streak that is well over a hundred years old.