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The Coca-Cola Company closely guards the recipe for its Coca-Cola syrup—a key ingredient mixed with carbonated water to create the world-famous beverage. This veil of secrecy began in 1891 when founder Asa Candler used it as a strategy for publicity, marketing, and intellectual property protection. Although various recipes claiming to be the true formula have surfaced over the years, the company insists the original recipe is still a well-kept secret, known only to a select few anonymous employees. A popular myth suggests that only two people know the formula and cannot travel together to prevent the recipe from being lost; however, this claim has been debunked multiple times.

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Origins and Evolution of the Secret Formula
Coca-Cola’s inventor, John Pemberton, reportedly shared his original formula with at least four individuals before his death in 1888. In 1891, Asa Candler purchased the formula rights from Pemberton’s estate, established the Coca-Cola Company, and implemented strict secrecy surrounding the recipe. He also made adjustments to the ingredients to enhance the flavor, rendering previous versions of the formula obsolete.

In 1919, Ernest Woodruff led a group of investors to buy the company from Candler’s family, using the only written copy of the formula as collateral for a loan. This copy was initially stored in a New York bank vault and later transferred to Atlanta in 1925. Today, this historic formula is kept in a vault on display at the World of Coca-Cola in Atlanta.

The company claims that only two employees are ever privy to the complete formula at any given time, and they are prohibited from traveling together. Upon the death of one, the survivor selects a successor and shares the secret. However, this policy functions largely as a marketing tactic, as any competitor would struggle to obtain key ingredients like processed coca leaf, even with access to the exact formula.

Coca-Cola’s Ingredients and Medicinal Origins
In the late 19th century, Coca-Cola was among a variety of popular coca-based drinks believed to have health benefits. Early advertisements promoted it as a remedy for headaches and a “brain and nerve tonic.” Originally, Coca-Cola contained both coca leaves and caffeine from kola nuts, providing the drink with stimulating effects. By 1903, the company removed the cocaine, leaving caffeine as the only stimulant, and dropped its medicinal claims. The FDA continued to screen samples of Coca-Cola syrup for cocaine traces well into the 1980s.

Some sources allege that a flavoring derived from coca leaves, processed to remove cocaine, is still part of the Coca-Cola formula. The Stepan Company in New Jersey legally processes coca leaves for pharmaceutical purposes, with the leftover leaf material reportedly sold to Coca-Cola as a flavoring agent. Coca-Cola, however, neither confirms nor denies this, maintaining the mystique around its formula.

Legal Challenges and Adjustments
In 1911, the U.S. government filed a lawsuit against Coca-Cola, accusing it of violating the Pure Food and Drug Act due to the high caffeine levels in its syrup. While Coca-Cola initially won the case, part of the decision was later overturned by the Supreme Court in 1916. As part of a settlement, Coca-Cola agreed to reduce the caffeine content in its syrup, a modification that helped secure its place as a leading soft drink while maintaining the closely guarded secret behind its recipe.

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