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NAICS Code 424450-04 Description (8-Digit)

The Syrups (Wholesale) industry involves the distribution of various types of syrups to retailers, food service providers, and other businesses. These syrups can be used for a variety of purposes, such as flavoring beverages, adding sweetness to baked goods, or enhancing the taste of desserts. The industry includes a range of different types of syrups, including fruit syrups, chocolate syrups, caramel syrups, and more. Companies in this industry may also offer related products such as toppings, sauces, and flavorings.

Hierarchy Navigation for NAICS Code 424450-04

Tools

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

  • Syrup pumps
  • Mixing tanks
  • Filling machines
  • Labeling machines
  • Storage tanks
  • Heat exchangers
  • PH meters
  • Refractometers
  • Hydrometers
  • Thermometers

Industry Examples of Syrups (Wholesale)

Common products and services typical of NAICS Code 424450-04, illustrating the main business activities and contributions to the market.

  • Fruit syrups
  • Chocolate syrups
  • Caramel syrups
  • Vanilla syrups
  • Coffee syrups
  • Maple syrups
  • Honey syrups
  • Agave syrups
  • Simple syrups
  • Flavored syrups

Certifications, Compliance and Licenses for NAICS Code 424450-04 - Syrups (Wholesale)

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

  • Food Safety Modernization Act (FSMA): The FSMA is a set of regulations that aim to ensure the safety of the US food supply by shifting the focus from responding to contamination to preventing it. It is enforced by the FDA.
  • Hazard Analysis and Critical Control Points (HACCP): HACCP is a food safety management system that identifies and prevents hazards in the food production process. It is required by the FDA for juice and seafood processors and is recommended for all food processors.
  • Good Manufacturing Practices (GMP): GMPs are a set of guidelines that ensure that products are consistently produced and controlled according to quality standards. They are enforced by the FDA.
  • Organic Certification: Organic certification ensures that products are produced without the use of synthetic fertilizers, pesticides, or genetically modified organisms. It is regulated by the USDA.
  • Kosher Certification: Kosher certification ensures that products meet Jewish dietary laws. It is regulated by various organizations, such as the Orthodox Union.

History

A concise historical narrative of NAICS Code 424450-04 covering global milestones and recent developments within the United States.

  • The history of the Syrups (Wholesale) industry dates back to ancient times when people used honey and fruit syrups as sweeteners. In the 19th century, the industrial revolution led to the mass production of syrups, and the industry started to grow. In the United States, the first syrup factory was established in the late 1800s, and by the early 1900s, the industry had expanded to include a wide range of flavors and types of syrups. In recent years, the industry has seen a surge in demand for natural and organic syrups, as consumers become more health-conscious and seek out healthier alternatives to traditional sweeteners. The industry has also seen an increase in demand for syrups used in cocktails and other alcoholic beverages, as mixologists experiment with new flavors and ingredients to create unique and innovative drinks.

Future Outlook for Syrups (Wholesale)

The anticipated future trajectory of the NAICS 424450-04 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Syrups (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for natural and organic syrups. The growing trend of using syrups in various food and beverage products is also expected to drive the growth of the industry. The increasing popularity of flavored syrups in the foodservice industry is also expected to boost the demand for syrups. The industry is also expected to benefit from the growing demand for plant-based and vegan food products. However, the industry may face challenges due to the increasing competition from private label brands and the rising prices of raw materials.

Industry Innovations for NAICS Code 424450-04

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

  • New Product Launches: Many companies in the Syrups (Wholesale) industry have launched new products to cater to the changing consumer preferences. For instance, some companies have launched organic and natural syrups, while others have introduced sugar-free and low-calorie syrups.
  • Expansion Of Product Lines: Some companies have expanded their product lines to include a wider range of syrups, such as fruit syrups, chocolate syrups, and coffee syrups. This has helped them to cater to a larger customer base and increase their market share.
  • Partnerships and Collaborations: Many companies in the Syrups (Wholesale) industry have formed partnerships and collaborations with other companies to expand their distribution networks and increase their sales. For instance, some companies have partnered with coffee shops and restaurants to supply their syrups.
  • Use Of Natural and Organic Ingredients: Many companies in the Syrups (Wholesale) industry have started using natural and organic ingredients in their products to cater to the growing demand for healthier food products. This has helped them to differentiate their products from those of their competitors.
  • Adoption Of New Technologies: Some companies in the Syrups (Wholesale) industry have adopted new technologies, such as automation and artificial intelligence, to improve their production processes and increase their efficiency. This has helped them to reduce their costs and improve their profitability.

NAICS Code 424450-04 - Syrups (Wholesale)

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