diff --git a/.buildkite/pipeline.yml b/.buildkite/pipeline.yml
index 3a379cc05b..043f4e825b 100644
--- a/.buildkite/pipeline.yml
+++ b/.buildkite/pipeline.yml
@@ -1,7 +1,6 @@
 env:
   SETUP_GVM_VERSION: 'v0.5.1' # https://github.com/andrewkroh/gvm/issues/44#issuecomment-1013231151
-  ELASTIC_PACKAGE_COMPOSE_DISABLE_ANSI: "true"
-  ELASTIC_PACKAGE_COMPOSE_DISABLE_PULL_PROGRESS_INFORMATION: "true"
+  ELASTIC_PACKAGE_COMPOSE_DISABLE_VERBOSE_OUTPUT: "true"
   DOCKER_COMPOSE_VERSION: "v2.24.1"
   DOCKER_VERSION: "24.0.7"
   KIND_VERSION: 'v0.20.0'
diff --git a/README.md b/README.md
index b557fd28fc..eae32b5a67 100644
--- a/README.md
+++ b/README.md
@@ -625,6 +625,48 @@ The following settings are available per profile:
 * `stack.serverless.region` can be used to select the region to use when starting
   serverless projects.
 
+## Useful environment variables
+
+There are available some environment variables that could be used to change some of the
+`elastic-package` settings:
+
+- Related to `docker-compose` / `docker compose` commands:
+    - `ELASTIC_PACKAGE_COMPOSE_DISABLE_VERBOSE_OUTPUT`: If set to `true`, it disables the progress output from `docker compose`/`docker-compose` commands.
+        - For versions v2 `< 2.19.0`, it sets `--ansi never` flag.
+        - For versions v2 `>= 2.19.0`, it sets `--progress plain` flag and `--quiet-pull` for `up` sub-command`.
+
+
+- Related to global `elastic-package` settings:
+    - `ELASTIC_PACKAGE_CHECK_UPDATE_DISABLED`: if set to `true`, `elastic-package` is not going to check
+      for newer versions.
+    - `ELASTIC_PACKAGE_PROFILE`: Name of the profile to be using.
+    - `ELASTIC_PACKAGE_DATA_HOME`: Custom path to be used for `elastic-package` data directory. By default this is `~/.elastic-package`.
+
+- Related to the build process:
+    - `ELASTIC_PACKAGE_REPOSITORY_LICENSE`: Path to the default repository license.
+    - `ELASTIC_PACKAGE_LINKS_FILE_PATH`: Path to the links table file (e.g. `links_table.yml`) with the link definitions to be used in the build process of a package.
+
+- Related to signing packages:
+    - `ELASTIC_PACKAGE_SIGNER_PRIVATE_KEYFILE`: Path to the private key file to sign packages.
+    - `ELASTIC_PACKAGE_SIGNER_PASSPHRASE`: Passphrase to use the private key file.
+
+- Related to tests:
+    - `ELASTIC_PACKAGE_SERVERLESS_PIPELINE_TEST_DISABLE_COMPARE_RESULTS`: If set to `true`, the results from pipeline tests are not compared to avoid errors from GeoIP.
+
+- To configure the Elastic stack to be used by `elastic-package`:
+    - `ELASTIC_PACKAGE_ELASTICSEARCH_HOST`: Host of the elasticsearch (e.g. https://127.0.0.1:9200)
+    - `ELASTIC_PACKAGE_ELASTICSEARCH_USERNAME`: User name to connect to elasticsearch (e.g. elastic)
+    - `ELASTIC_PACKAGE_ELASTICSEARCH_PASSWORD`: Password of that user.
+    - `ELASTIC_PACKAGE_ELASTICSEARCH_KIBANA_HOST`: Kibana URL (e.g. https://127.0.0.1:5601)
+    - `ELASTIC_PACKAGE_ELASTICSEARCH_CA_CERT`: Path to the CA certificate to connect to the Elastic stack services.
+
+- To configure an external metricstore while running benchmarks (more info at [system benchmarking docs](https://github.com/elastic/elastic-package/blob/main/docs/howto/system_benchmarking.md#setting-up-an-external-metricstore) or [rally benchmarking docs](https://github.com/elastic/elastic-package/blob/main/docs/howto/rally_benchmarking.md#setting-up-an-external-metricstore)):
+    - `ELASTIC_PACKAGE_ESMETRICSTORE_HOST`: Host of the elasticsearch (e.g. https://127.0.0.1:9200)
+    - `ELASTIC_PACKAGE_ESMETRICSTORE_USERNAME`: Username to connect to elasticsearch (e.g. elastic)
+    - `ELASTIC_PACKAGE_ESMETRICSTORE_PASSWORD`: Password for the user.
+    - `ELASTIC_PACKAGE_ESMETRICSTORE_CA_CERT`: Path to the CA certificate to connect to the Elastic stack services.
+
+
 ## Release process
 
 This project uses [GoReleaser](https://goreleaser.com/) to release a new version of the application (semver). Release publishing
diff --git a/internal/compose/compose.go b/internal/compose/compose.go
index 87e512e290..9b8ceda59b 100644
--- a/internal/compose/compose.go
+++ b/internal/compose/compose.go
@@ -33,9 +33,12 @@ const (
 )
 
 var (
-	DisableANSIComposeEnv             = environment.WithElasticPackagePrefix("COMPOSE_DISABLE_ANSI")
-	DisablePullProgressInformationEnv = environment.WithElasticPackagePrefix("COMPOSE_DISABLE_PULL_PROGRESS_INFORMATION")
-	EnableComposeStandaloneEnv        = environment.WithElasticPackagePrefix("COMPOSE_ENABLE_STANDALONE")
+	EnableComposeStandaloneEnv     = environment.WithElasticPackagePrefix("COMPOSE_ENABLE_STANDALONE")
+	DisableVerboseOutputComposeEnv = environment.WithElasticPackagePrefix("COMPOSE_DISABLE_VERBOSE_OUTPUT")
+)
+
+const (
+	defaultComposeProgressOutput = "plain"
 )
 
 // Project represents a Docker Compose project.
@@ -47,6 +50,8 @@ type Project struct {
 	dockerComposeStandalone        bool
 	disableANSI                    bool
 	disablePullProgressInformation bool
+	progressOutput                 string
+	composeVersion                 *semver.Version
 }
 
 // Config represents a Docker Compose configuration file.
@@ -204,13 +209,16 @@ func NewProject(name string, paths ...string) (*Project, error) {
 	}
 	logger.Debug(versionMessage)
 
-	v, ok = os.LookupEnv(DisableANSIComposeEnv)
+	v, ok = os.LookupEnv(DisableVerboseOutputComposeEnv)
 	if !c.dockerComposeV1 && ok && strings.ToLower(v) != "false" {
-		c.disableANSI = true
-	}
-
-	v, ok = os.LookupEnv(DisablePullProgressInformationEnv)
-	if ok && strings.ToLower(v) != "false" {
+		if c.composeVersion.LessThan(semver.MustParse("2.19.0")) {
+			c.disableANSI = true
+		} else {
+			// --ansi never looks is ignored by "docker compose" and latest versions of "docker-compose"
+			// adding --progress plain is a similar result as --ansi never
+			// if set to "--progress quiet", there is no output at all from docker compose commands
+			c.progressOutput = defaultComposeProgressOutput
+		}
 		c.disablePullProgressInformation = true
 	}
 
@@ -442,6 +450,10 @@ func (p *Project) baseArgs() []string {
 		args = append(args, "--ansi", "never")
 	}
 
+	if p.progressOutput != "" {
+		args = append(args, "--progress", p.progressOutput)
+	}
+
 	args = append(args, "-p", p.name)
 	return args
 }
@@ -504,6 +516,7 @@ func (p *Project) dockerComposeVersion() (*semver.Version, error) {
 	if err != nil {
 		return nil, fmt.Errorf("docker compose version is not a valid semver (value: %s): %w", dcVersion, err)
 	}
+	p.composeVersion = ver
 	return ver, nil
 }
 
diff --git a/tools/readme/readme.md.tmpl b/tools/readme/readme.md.tmpl
index ede02ded38..4f83703227 100644
--- a/tools/readme/readme.md.tmpl
+++ b/tools/readme/readme.md.tmpl
@@ -178,6 +178,48 @@ The following settings are available per profile:
 * `stack.serverless.region` can be used to select the region to use when starting
   serverless projects.
 
+## Useful environment variables
+
+There are available some environment variables that could be used to change some of the
+`elastic-package` settings:
+
+- Related to `docker-compose` / `docker compose` commands:
+    - `ELASTIC_PACKAGE_COMPOSE_DISABLE_VERBOSE_OUTPUT`: If set to `true`, it disables the progress output from `docker compose`/`docker-compose` commands.
+        - For versions v2 `< 2.19.0`, it sets `--ansi never` flag.
+        - For versions v2 `>= 2.19.0`, it sets `--progress plain` flag and `--quiet-pull` for `up` sub-command`.
+
+
+- Related to global `elastic-package` settings:
+    - `ELASTIC_PACKAGE_CHECK_UPDATE_DISABLED`: if set to `true`, `elastic-package` is not going to check
+      for newer versions.
+    - `ELASTIC_PACKAGE_PROFILE`: Name of the profile to be using.
+    - `ELASTIC_PACKAGE_DATA_HOME`: Custom path to be used for `elastic-package` data directory. By default this is `~/.elastic-package`.
+
+- Related to the build process:
+    - `ELASTIC_PACKAGE_REPOSITORY_LICENSE`: Path to the default repository license.
+    - `ELASTIC_PACKAGE_LINKS_FILE_PATH`: Path to the links table file (e.g. `links_table.yml`) with the link definitions to be used in the build process of a package.
+
+- Related to signing packages:
+    - `ELASTIC_PACKAGE_SIGNER_PRIVATE_KEYFILE`: Path to the private key file to sign packages.
+    - `ELASTIC_PACKAGE_SIGNER_PASSPHRASE`: Passphrase to use the private key file.
+
+- Related to tests:
+    - `ELASTIC_PACKAGE_SERVERLESS_PIPELINE_TEST_DISABLE_COMPARE_RESULTS`: If set to `true`, the results from pipeline tests are not compared to avoid errors from GeoIP.
+
+- To configure the Elastic stack to be used by `elastic-package`:
+    - `ELASTIC_PACKAGE_ELASTICSEARCH_HOST`: Host of the elasticsearch (e.g. https://127.0.0.1:9200)
+    - `ELASTIC_PACKAGE_ELASTICSEARCH_USERNAME`: User name to connect to elasticsearch (e.g. elastic)
+    - `ELASTIC_PACKAGE_ELASTICSEARCH_PASSWORD`: Password of that user.
+    - `ELASTIC_PACKAGE_ELASTICSEARCH_KIBANA_HOST`: Kibana URL (e.g. https://127.0.0.1:5601)
+    - `ELASTIC_PACKAGE_ELASTICSEARCH_CA_CERT`: Path to the CA certificate to connect to the Elastic stack services.
+
+- To configure an external metricstore while running benchmarks (more info at [system benchmarking docs](https://github.com/elastic/elastic-package/blob/main/docs/howto/system_benchmarking.md#setting-up-an-external-metricstore) or [rally benchmarking docs](https://github.com/elastic/elastic-package/blob/main/docs/howto/rally_benchmarking.md#setting-up-an-external-metricstore)):
+    - `ELASTIC_PACKAGE_ESMETRICSTORE_HOST`: Host of the elasticsearch (e.g. https://127.0.0.1:9200)
+    - `ELASTIC_PACKAGE_ESMETRICSTORE_USERNAME`: Username to connect to elasticsearch (e.g. elastic)
+    - `ELASTIC_PACKAGE_ESMETRICSTORE_PASSWORD`: Password for the user.
+    - `ELASTIC_PACKAGE_ESMETRICSTORE_CA_CERT`: Path to the CA certificate to connect to the Elastic stack services.
+
+
 ## Release process
 
 This project uses [GoReleaser](https://goreleaser.com/) to release a new version of the application (semver). Release publishing