NAICS Code 424450-02 - Candy & Confectionery (Wholesale)

Marketing Level - NAICS 8-Digit

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Total Companies

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NAICS Code 424450-02 Description (8-Digit)

Candy & Confectionery (Wholesale) involves the distribution of a variety of sweets and treats to retailers, such as grocery stores, convenience stores, and specialty shops. This industry includes the wholesale of chocolate, candy bars, chewing gum, lollipops, gummies, and other confectionery products. Candy & Confectionery (Wholesale) companies purchase products from manufacturers and then sell them in bulk to retailers at a discounted price. This industry is highly competitive and requires companies to stay up-to-date with the latest trends and consumer preferences.

Hierarchy Navigation for NAICS Code 424450-02

Tools

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

  • Pallet jacks
  • Conveyor belts
  • Packaging machines
  • Scales
  • Label printers
  • Hand trucks
  • Forklifts
  • Shrink wrap machines
  • Barcode scanners
  • Carton sealers

Industry Examples of Candy & Confectionery (Wholesale)

Common products and services typical of NAICS Code 424450-02, illustrating the main business activities and contributions to the market.

  • Gummy bears
  • Chocolate bars
  • Hard candy
  • Licorice
  • Sour candy
  • Mints
  • Taffy
  • Caramels
  • Jelly beans
  • Marshmallows

Certifications, Compliance and Licenses for NAICS Code 424450-02 - Candy & Confectionery (Wholesale)

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

  • Safe Quality Food (SQF) Certification: This certification ensures that the food products meet the safety and quality standards set by the Safe Quality Food Institute. The certification is provided by the SQF Institute.
  • Hazard Analysis and Critical Control Points (HACCP) Certification: This certification ensures that the food products are safe for consumption by identifying and preventing potential hazards in the production process. The certification is provided by the International HACCP Alliance.
  • Good Manufacturing Practice (GMP) Certification: This certification ensures that the food products are consistently produced and controlled according to quality standards. The certification is provided by the International Organization for Standardization (ISO).
  • Food and Drug Administration (FDA) Registration: This registration is required for all food facilities that manufacture, process, pack, or store food products for consumption in the United States. The registration is provided by the FDA.
  • National Confectioners Association (NCA) Certification: This certification ensures that the candy and confectionery products meet the quality and safety standards set by the National Confectioners Association. The certification is provided by the NCA.

History

A concise historical narrative of NAICS Code 424450-02 covering global milestones and recent developments within the United States.

  • The "Candy & Confectionery (Wholesale)" industry has a long and rich history dating back to ancient times. The first recorded instance of candy-making dates back to ancient Egypt, where honey was used to create sweets. In the 16th century, sugar became more widely available, and candy-making became more widespread. In the 19th century, the industrial revolution led to the mass production of candy, and the first candy bar was invented in 1847. In the United States, the industry grew rapidly in the early 20th century, with the introduction of new products such as chewing gum and chocolate bars. In recent years, the industry has faced challenges due to concerns about health and wellness, but it has also seen growth in new product categories such as organic and natural candies.

Future Outlook for Candy & Confectionery (Wholesale)

The anticipated future trajectory of the NAICS 424450-02 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The Candy & Confectionery (Wholesale) industry in the USA is expected to experience steady growth in the coming years. The increasing demand for confectionery products from retailers and businesses is expected to drive the growth of the industry. Additionally, the industry is expected to benefit from the growing popularity of premium and organic confectionery products. However, the industry may face challenges due to the increasing health concerns among consumers, which may lead to a shift towards healthier snack options. Overall, the industry is expected to maintain its position as a significant player in the wholesale market.

Industry Innovations for NAICS Code 424450-02

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

  • Candy Club: A subscription-based service that delivers a box of candies to customers every month. The service offers a wide range of candies, including classic and new flavors, and allows customers to customize their boxes.
  • Smartsweets: A company that produces low-sugar gummy bears and other confectionery products. The products are made with natural sweeteners and are free from artificial colors and flavors.
  • Candy Mechanics: A company that produces personalized chocolate products using 3D printing technology. Customers can create their own designs or choose from a range of pre-made designs.
  • Project 7: A company that produces gourmet gummies and other confectionery products. The products are made with natural ingredients and are free from artificial colors and flavors. The company also donates a portion of its profits to various charitable causes.
  • Candy Kittens: A company that produces gourmet gummies in a range of flavors, including Eton Mess, Blueberry Bliss, and Sour Watermelon. The products are made with natural ingredients and are free from artificial colors and flavors.

NAICS Code 424450-02 - Candy & Confectionery (Wholesale)

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