NAICS Code 424450-01 - Candy & Confectionery (Manufacturing) Supplies (Wholesale)

Marketing Level - NAICS 8-Digit

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Total Companies

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NAICS Code 424450-01 Description (8-Digit)

Candy & Confectionery (Manufacturing) Supplies (Wholesale) is a subdivision of Confectionery Merchant Wholesalers industry that involves the wholesale distribution of supplies and ingredients used in the manufacturing of candy and confectionery products. This industry supplies a wide range of products such as chocolate, sugar, flavorings, food colorings, nuts, fruits, and other ingredients that are used in the production of candy and confectionery products. Candy & Confectionery (Manufacturing) Supplies (Wholesale) industry plays a crucial role in the candy and confectionery manufacturing industry by providing the necessary ingredients and supplies to manufacturers.

Hierarchy Navigation for NAICS Code 424450-01

Tools

Tools commonly used in the Candy & Confectionery (Manufacturing) Supplies (Wholesale) industry for day-to-day tasks and operations.

  • Chocolate tempering machine
  • Candy thermometer
  • Confectionery depositor
  • Chocolate enrobing machine
  • Sugar melting pot
  • Candy wrapping machine
  • Food coloring dispenser
  • Nut roasting machine
  • Fruit dicing machine
  • Flavoring mixer

Industry Examples of Candy & Confectionery (Manufacturing) Supplies (Wholesale)

Common products and services typical of NAICS Code 424450-01, illustrating the main business activities and contributions to the market.

  • Chocolate chips
  • Sugar
  • Food coloring
  • Nuts
  • Fruits
  • Flavorings
  • Sprinkles
  • Marshmallows
  • Caramel
  • Gelatin

Certifications, Compliance and Licenses for NAICS Code 424450-01 - Candy & Confectionery (Manufacturing) Supplies (Wholesale)

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

  • Hazard Analysis and Critical Control Points (HACCP): HACCP is a food safety management system that is required for food manufacturers and processors. It identifies potential hazards in the food production process and implements controls to prevent them. The International HACCP Alliance provides certification for HACCP compliance.
  • Good Manufacturing Practices (GMP): GMP is a set of guidelines for ensuring that products are consistently produced and controlled according to quality standards. The NSF International provides GMP certification for food manufacturers.
  • Safe Quality Food (SQF): SQF is a food safety management system that is recognized by the Global Food Safety Initiative (GFSI). It provides a rigorous system for managing food safety risks and ensuring product quality. The Safe Quality Food Institute provides certification for SQF compliance.
  • Organic Certification: Organic certification ensures that food products are produced without the use of synthetic pesticides, fertilizers, or genetically modified organisms (GMOs). The USDA National Organic Program provides certification for organic compliance.
  • Kosher Certification: Kosher certification ensures that food products meet Jewish dietary laws. The Orthodox Union provides kosher certification for food products.

History

A concise historical narrative of NAICS Code 424450-01 covering global milestones and recent developments within the United States.

  • The "Candy & Confectionery (Manufacturing) Supplies (Wholesale)" industry has a long and rich history dating back to the early 19th century. The first candy factory was established in the United States in 1830, and by the 1850s, the candy industry had become a significant part of the American economy. In the late 1800s, the introduction of new technologies such as the steam engine and the mechanical candy-making machine revolutionized the industry, making it possible to produce candy on a large scale. In the early 1900s, the industry continued to grow, with the introduction of new products such as chocolate bars and hard candies. In recent history, the industry has seen significant growth due to the increasing demand for confectionery products worldwide. The rise of e-commerce has also made it easier for wholesalers to reach a wider audience, leading to increased sales and revenue. In the United States, the "Candy & Confectionery (Manufacturing) Supplies (Wholesale)" industry has experienced steady growth over the past few decades. According to a report by IBISWorld, the industry has grown at an average annual rate of 2.3% over the past five years, reaching a total revenue of $10.5 billion in 2021. The growth of the industry can be attributed to several factors, including the increasing demand for confectionery products, the rise of e-commerce, and the growing popularity of private label brands. Despite the challenges posed by the COVID-19 pandemic, the industry has remained resilient, with many wholesalers adapting to the changing market conditions by offering new products and services to their customers.

Future Outlook for Candy & Confectionery (Manufacturing) Supplies (Wholesale)

The anticipated future trajectory of the NAICS 424450-01 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The Candy & Confectionery (Manufacturing) Supplies (Wholesale) industry in the USA is expected to experience steady growth in the coming years. The increasing demand for confectionery products, especially during holidays and festive seasons, is expected to drive the growth of the industry. Additionally, the rise of e-commerce platforms and online shopping is expected to boost the industry's growth as it provides a convenient way for retailers to purchase products in bulk. However, the industry may face challenges such as rising raw material costs and increasing competition from imported products. Overall, the industry is expected to maintain a stable growth rate in the foreseeable future.

Industry Innovations for NAICS Code 424450-01

Recent groundbreaking advancements and milestones in the Candy & Confectionery (Manufacturing) Supplies (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Introduction Of New Flavors: Manufacturers are introducing new and unique flavors to attract customers and stand out in the market. For instance, companies are introducing flavors such as matcha, lavender, and rose in their products.
  • Healthier Options: With the increasing demand for healthier food options, manufacturers are introducing products that are low in sugar, fat, and calories. For instance, companies are introducing sugar-free and gluten-free options.
  • Sustainable Packaging: Manufacturers are adopting sustainable packaging options to reduce their carbon footprint and appeal to environmentally conscious customers. For instance, companies are using biodegradable and compostable packaging materials.
  • Online Sales: With the rise of e-commerce platforms, manufacturers are increasingly selling their products online. This provides a convenient way for retailers to purchase products in bulk and for customers to access a wider range of products.
  • Customization: Manufacturers are offering customization options to customers, allowing them to create their own unique products. For instance, companies are offering personalized packaging and custom flavors.

NAICS Code 424450-01 - Candy & Confectionery (Manufacturing) Supplies (Wholesale)

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