NAICS Code 424480-02 - Bananas (Wholesale)
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NAICS Code 424480-02 Description (8-Digit)
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Tools
Tools commonly used in the Bananas (Wholesale) industry for day-to-day tasks and operations.
- Banana ripening rooms
- Temperature-controlled trucks
- Pallet jacks
- Conveyor belts
- Scales
- Packaging equipment
- Barcode scanners
- Handheld computers
- Quality control equipment
- Banana bunch covers
Industry Examples of Bananas (Wholesale)
Common products and services typical of NAICS Code 424480-02, illustrating the main business activities and contributions to the market.
- Banana distributors
- Fruit wholesalers
- Produce distributors
- Grocery wholesalers
- Food service distributors
- Import/export companies
- Wholesale fruit markets
- Supermarket suppliers
- Restaurant suppliers
- Catering suppliers
Certifications, Compliance and Licenses for NAICS Code 424480-02 - Bananas (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- USDA Organic Certification: This certification is required for businesses that want to sell organic bananas in the US. It ensures that the bananas are grown and processed according to strict federal guidelines. The certification is provided by the USDA National Organic Program.
- Fair Trade Certification: This certification ensures that the bananas are produced and traded in an ethical and sustainable manner. It is provided by Fair Trade USA.
- Global GAP Certification: This certification ensures that the bananas are grown and processed according to international standards for food safety, environmental sustainability, and social responsibility. It is provided by the Global GAP organization.
- Rainforest Alliance Certification: This certification ensures that the bananas are grown and processed in a way that protects the environment and supports the well-being of workers and local communities. It is provided by the Rainforest Alliance.
- Safe Quality Food (SQF) Certification: This certification ensures that the bananas are produced, processed, and handled according to strict food safety standards. It is provided by the Safe Quality Food Institute.
History
A concise historical narrative of NAICS Code 424480-02 covering global milestones and recent developments within the United States.
- The banana industry has a long and complex history, with the fruit originating in Southeast Asia and being introduced to the Western world in the 15th century. Bananas were first imported to the United States in the late 1800s, and by the early 1900s, the United Fruit Company (now Chiquita Brands International) had established a virtual monopoly on the banana trade. In the mid-20th century, the industry faced significant challenges, including the spread of Panama disease, which threatened to wipe out the entire banana crop. However, the development of new varieties of bananas and the use of fungicides helped to mitigate the impact of the disease. In recent years, the industry has faced new challenges, including concerns about labor practices and environmental sustainability. In the United States, the banana industry has been shaped by a number of factors, including changes in consumer preferences and the growth of international trade. In the early 20th century, bananas were considered a luxury item, but by the mid-20th century, they had become a staple food in many households. Today, the United States is one of the largest importers of bananas in the world, with most of the fruit coming from Central and South America. The industry has also been impacted by changes in trade policy, including the implementation of the North American Free Trade Agreement (NAFTA) in the 1990s. Despite these challenges, the banana industry remains an important part of the global food system, providing a source of nutrition and income for millions of people around the world.
Future Outlook for Bananas (Wholesale)
The anticipated future trajectory of the NAICS 424480-02 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The future outlook for the Bananas (Wholesale) industry in the USA is positive. The industry is expected to grow steadily in the coming years due to the increasing demand for bananas in the country. Bananas are a popular fruit in the US and are consumed by a large number of people. The industry is also expected to benefit from the growing trend of healthy eating, as bananas are considered a healthy food option. Additionally, the industry is likely to benefit from the increasing popularity of organic and fair trade bananas. These trends are expected to drive the growth of the industry in the coming years.
Industry Innovations for NAICS Code 424480-02
Recent groundbreaking advancements and milestones in the Bananas (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Banana Flour: Banana flour is a new product that is gaining popularity in the food industry. It is made from green bananas and is gluten-free. It is used as a substitute for wheat flour in baking and cooking.
- Banana Puree: Banana puree is a new product that is being used in the food industry as a natural sweetener. It is made from ripe bananas and is used in a variety of products, including baby food, smoothies, and desserts.
- Banana Chips: Banana chips are a popular snack that is gaining popularity in the US. They are made from sliced bananas that are fried or baked until crispy.
- Banana Juice: Banana juice is a new product that is being introduced in the US market. It is made from pureed bananas and is a healthy alternative to other fruit juices.
- Banana-Based Snacks: There are a variety of new banana-based snacks that are being introduced in the US market, including banana chips, banana bread, and banana muffins. These snacks are a healthy alternative to traditional snacks and are gaining popularity among health-conscious consumers.
NAICS Code 424480-02 - Bananas (Wholesale)
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