NAICS Code 424460-03 - Shrimp (Wholesale)
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NAICS Code 424460-03 Description (8-Digit)
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Tools
Tools commonly used in the Shrimp (Wholesale) industry for day-to-day tasks and operations.
- Shrimp peeling machines
- Shrimp grading machines
- Shrimp deveining machines
- Shrimp cooking equipment
- Shrimp packaging machines
- Refrigerated trucks
- Weighing scales
- Shrimp storage containers
- Shrimp cleaning equipment
- Shrimp drying equipment
Industry Examples of Shrimp (Wholesale)
Common products and services typical of NAICS Code 424460-03, illustrating the main business activities and contributions to the market.
- Frozen shrimp
- Cooked shrimp
- Peeled shrimp
- Head-on shrimp
- Tail-on shrimp
- Jumbo shrimp
- White shrimp
- Brown shrimp
- Gulf shrimp
- Pacific shrimp
Certifications, Compliance and Licenses for NAICS Code 424460-03 - Shrimp (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 all seafood processing facilities in the US, including shrimp wholesalers. It is a preventative approach to food safety that identifies potential hazards and implements controls to prevent them. The US Food and Drug Administration (FDA) provides guidance on HACCP implementation for seafood processors:
- National Oceanic and Atmospheric Administration (NOAA) Seafood Inspection Program: The NOAA Seafood Inspection Program provides voluntary inspection and certification services for seafood products, including shrimp. The program verifies that products meet certain quality and safety standards, and can provide certification for export purposes. More information can be found on the NOAA website:
- US Department Of Agriculture (USDA) Organic Certification: Shrimp wholesalers can obtain USDA organic certification if they meet certain standards for organic production and handling. This certification verifies that the product was produced without the use of synthetic fertilizers, pesticides, or other prohibited substances. More information can be found on the USDA website:
- Marine Stewardship Council (MSC) Certification: The MSC is an international organization that provides certification for sustainable seafood products, including shrimp. This certification verifies that the product was sourced from a sustainable fishery that meets certain environmental standards. More information can be found on the MSC website:
- Best Aquaculture Practices (BAP) Certification: The BAP certification program is administered by the Global Aquaculture Alliance and provides certification for responsible aquaculture practices, including shrimp farming. This certification verifies that the product was produced in a manner that meets certain environmental and social standards. More information can be found on the BAP website:
History
A concise historical narrative of NAICS Code 424460-03 covering global milestones and recent developments within the United States.
- The "Shrimp (Wholesale)" industry has a long and rich history worldwide. Shrimp has been a popular food source for centuries, with evidence of shrimp consumption dating back to ancient civilizations such as the Greeks and Romans. In the 20th century, advancements in technology and transportation allowed for the mass production and distribution of shrimp, leading to a significant increase in demand. In recent years, the industry has faced challenges such as disease outbreaks and environmental concerns, but has continued to thrive due to innovations in sustainable farming practices and increased consumer demand for seafood. In the United States, the "Shrimp (Wholesale)" industry has experienced significant growth in recent decades. According to the National Oceanic and Atmospheric Administration (NOAA), the United States imported over 1.6 billion pounds of shrimp in 2019, with a value of over $6 billion. The industry has faced challenges such as competition from foreign markets and concerns over the environmental impact of shrimp farming, but has continued to grow due to increased demand for seafood and advancements in sustainable farming practices. Overall, the "Shrimp (Wholesale)" industry has a rich history and continues to play an important role in the global food industry.
Future Outlook for Shrimp (Wholesale)
The anticipated future trajectory of the NAICS 424460-03 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Growing
The future outlook for the Shrimp (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for shrimp in the country. The rise in health consciousness among consumers has led to an increase in the consumption of seafood, including shrimp. Additionally, the growth of the restaurant industry and the increasing popularity of shrimp-based dishes are expected to drive the demand for shrimp in the wholesale market. The industry is also expected to benefit from the increasing popularity of online grocery shopping, which has made it easier for consumers to access a wider variety of seafood products. However, the industry may face challenges due to the impact of climate change on shrimp farming and the increasing competition from imported shrimp.
Industry Innovations for NAICS Code 424460-03
Recent groundbreaking advancements and milestones in the Shrimp (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- The use of blockchain technology to track the origin and quality of shrimp products, ensuring transparency and traceability in the supply chain.
- The development of new packaging technologies that extend the shelf life of shrimp products and reduce waste.
- The use of artificial intelligence and machine learning to optimize shrimp farming practices and improve yields.
- The introduction of new shrimp varieties that are more resistant to diseases and environmental stressors.
- The adoption of sustainable shrimp farming practices, such as the use of recirculating aquaculture systems and the reduction of water usage and waste.
NAICS Code 424460-03 - Shrimp (Wholesale)
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