Axelum Inks Multi-Year Coconut Water Deal With Vita Coco

Axelum Resources Corp., a leading manufacturer and exporter of premium coconut products, has announced a multi-year agreement with The Vita Coco Company, Inc., a prominent global coconut water brand, for the supply of coconut water.

Since 2009, Axelum has been a key supplier to Vita Coco, leveraging state-of-the-art processing facilities to produce top-selling products such as Original Coconut Water and Farmers Organic. I Photo: The Vita Coco Company

The renewal contract solidifies the ongoing strategic partnership between two industry leaders, well-positioned to capitalize on the robust growth trajectory of the global coconut water segment in the years ahead.

Citing a recent SkyQuest Technology report, Axelum highlighted the significant market potential, with the global coconut water market projected to reach US$25.18 billion by 2031, driven by a compound annual growth rate of 16.1%.

This surge in demand is attributed to a growing health-conscious consumer base seeking non-conventional beverages and recognizing the nutritional benefits of coconut water.

Romeo I. Chan, Chairman and CEO of Axelum Resources Corp., expressed pride in the collaboration, emphasizing the shared commitment to delivering high-quality coconut water products globally.

He underscored the partnership's focus on technology and innovation in transforming coconut water into a sought-after consumer product.

Michael Kirban, Co-Founder and Executive Chairman of The Vita Coco Company, Inc., lauded Axelum as a reliable partner integral to their growth journey. Kirban expressed excitement about continuing the partnership, aiming for exponential growth in the future.

Since 2009, Axelum has been a key supplier to Vita Coco, leveraging state-of-the-art processing facilities to produce top-selling products such as Original Coconut Water and Farmers Organic.

To meet increasing demand, Axelum recently commissioned a new filling machine to enhance production capacity, ensuring long-term support for Vita Coco's volume requirements.