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NAICS Code 112420-01 Description (8-Digit)

The Goats & Goat By-Products industry involves the raising and breeding of goats for their meat, milk, and fiber, as well as the production and sale of various goat by-products. This industry is a subset of the larger Goat Farming industry and includes a wide range of activities such as goat farming, milk production, cheese making, and the production of goat hair and skin products. The industry is highly diverse and includes both small-scale family farms and large commercial operations.

Hierarchy Navigation for NAICS Code 112420-01

Parent Code (less specific)

Tools

Tools commonly used in the Goats & Goat By-Products industry for day-to-day tasks and operations.

  • Hoof trimmers
  • Milking machines
  • Shearing clippers
  • Milk storage tanks
  • Cheese molds
  • Slaughter knives
  • Fiber carding machines
  • Hay balers
  • Feed mixers
  • Fencing materials

Industry Examples of Goats & Goat By-Products

Common products and services typical of NAICS Code 112420-01, illustrating the main business activities and contributions to the market.

  • Goat milk production
  • Goat cheese production
  • Mohair production
  • Goat meat processing
  • Goat hide tanning
  • Goat hair products
  • Goat milk soap production
  • Goat breeding services
  • Goat rental services
  • Goat yoga classes

Certifications, Compliance and Licenses for NAICS Code 112420-01 - Goats & Goat By-Products

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • USDA Scrapie Eradication Program: A program that aims to eradicate scrapie, a fatal disease affecting the nervous system of goats and sheep. The program requires goat farmers to register their premises and animals, maintain records, and follow specific identification and movement requirements. The program is provided by the United States Department of Agriculture (USDA).
  • Veterinary Feed Directive (VFD): A regulation that requires a veterinarian's authorization for the use of certain animal drugs in feed. Goat farmers must obtain a VFD order from a licensed veterinarian before using medicated feed. The regulation is provided by the Food and Drug Administration (FDA).
  • National Organic Program (NOP) Certification: A certification that allows goat farmers to label their products as organic. The certification requires compliance with specific organic standards and regulations. The certification is provided by the USDA.
  • Hazard Analysis and Critical Control Points (HACCP) Certification: A certification that ensures the safety of goat products by identifying and controlling potential hazards in the production process. The certification is provided by the International HACCP Alliance.
  • Good Agricultural Practices (GAP) Certification: A certification that ensures the safety and quality of agricultural products by implementing specific practices and procedures. The certification is provided by the USDA.

History

A concise historical narrative of NAICS Code 112420-01 covering global milestones and recent developments within the United States.

  • The history of the Goats & Goat By-Products industry dates back to ancient times, where goats were domesticated for their milk, meat, and hides. In the United States, the industry has seen significant growth in recent years, with an increasing demand for goat meat and dairy products. In the early 2000s, the industry experienced a surge in popularity due to the growing interest in ethnic cuisines and the health benefits of goat products. In 2016, the industry generated $1.5 billion in revenue, with the majority of the revenue coming from the sale of goat meat and milk. The industry has also seen advancements in breeding techniques, nutrition, and disease prevention, which have contributed to its growth and success.

Future Outlook for Goats & Goat By-Products

The anticipated future trajectory of the NAICS 112420-01 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The future outlook for the Goats & Goat By-Products industry in the USA is positive. The demand for goat meat and milk is increasing due to its nutritional value and health benefits. The industry is also benefiting from the growing popularity of goat cheese and other goat milk products. Additionally, the use of goat by-products in cosmetics and pharmaceuticals is expected to increase. However, the industry may face challenges such as competition from other meat and dairy products, and the availability of land for grazing. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 112420-01

Recent groundbreaking advancements and milestones in the Goats & Goat By-Products industry, reflecting notable innovations that have reshaped its landscape.

  • Goat Milk-Based Infant Formula: A recent innovation in the Goats & Goat By-Products industry is the development of goat milk-based infant formula. This product is gaining popularity due to its nutritional benefits and is a good alternative for infants who are allergic to cow's milk.
  • Goat Milk Soap: Goat milk soap is gaining popularity due to its moisturizing properties and is being used by people with sensitive skin. This product is also eco-friendly as it is made from natural ingredients.
  • Goat Meat Jerky: A new product in the market is goat meat jerky, which is a healthy snack option. This product is high in protein and low in fat, making it a good alternative to traditional beef jerky.
  • Goat Cheese Varieties: The Goats & Goat By-Products industry is constantly innovating and introducing new varieties of goat cheese. Some of the popular varieties include feta, chevre, and brie.
  • Goat Milk Ice Cream: Goat milk ice cream is a new product in the market and is gaining popularity due to its unique taste and nutritional benefits. This product is a good alternative for people who are lactose intolerant.

NAICS Code 112420-01 - Goats & Goat By-Products

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