Coca-Cola closed its $5.1 billion takeover of British coffee chain Costa Coffee earlier this year, which included Costa’s roastery, nearly 4,000 retail outlets, coffee vending operations, and for-home coffee products. Coca-Cola stated that the acquisition would be “slightly accretive” to its earnings in the first year.
During last quarter’s conference call, Coca-Cola stated that it would launch its first ready-to-drink Costa Coffee products in the second quarter. Fortune Business Insights estimates that the ready-to-drink coffee market, which is particularly strong in Asia, could grow from $19.1 billion in 2017 to $36.6 billion in 2025 — so it could eventually become a big growth engine for Coca-Cola.
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