NAICS Code 424490-05 - Beverages (Wholesale)
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NAICS Code 424490-05 Description (8-Digit)
Hierarchy Navigation for NAICS Code 424490-05
Parent Code (less specific)
Tools
Tools commonly used in the Beverages (Wholesale) industry for day-to-day tasks and operations.
- Beverage dispensers
- Bottle openers
- Can openers
- Coolers
- Ice machines
- Keg taps
- Refrigerators
- Shakers
- Strainers
- Wine openers
Industry Examples of Beverages (Wholesale)
Common products and services typical of NAICS Code 424490-05, illustrating the main business activities and contributions to the market.
- Soft drinks
- Juices
- Bottled water
- Energy drinks
- Sports drinks
- Beer
- Wine
- Spirits
- Tea
- Coffee
Certifications, Compliance and Licenses for NAICS Code 424490-05 - Beverages (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. It requires food facilities to have a food safety plan, conduct hazard analysis, and implement preventive controls. The FDA provides certification for compliance with FSMA regulations.
- Hazard Analysis and Critical Control Points (HACCP): HACCP is a food safety management system that identifies and controls potential hazards in food production. It is required for juice and seafood processors and is recommended for other food processors. The International HACCP Alliance provides certification for HACCP compliance.
- Safe Quality Food (SQF): SQF is a food safety management system that ensures the safety and quality of food products. It is recognized by the Global Food Safety Initiative (GFSI) and is required by many retailers and food service providers. 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 provides certification for organic compliance.
- Kosher Certification: Kosher certification ensures that food products meet Jewish dietary laws. It is required for many Jewish consumers and is also sought after by non-Jewish consumers who perceive it as a mark of quality. The Orthodox Union provides certification for kosher compliance.
History
A concise historical narrative of NAICS Code 424490-05 covering global milestones and recent developments within the United States.
- The Beverages (Wholesale) industry has a long and rich history dating back to ancient times. The first recorded instance of beverage production dates back to 7000 BC in China, where people brewed beer from rice, honey, and fruit. In the Middle Ages, the production of beer and wine became widespread in Europe, and the first coffeehouses opened in the Ottoman Empire. In the 19th century, the industrial revolution led to the mass production of beverages, and the first soft drinks were introduced. In the United States, the Beverages (Wholesale) industry has a more recent history, with the first soda fountain opening in 1806 in New York City. The industry grew rapidly in the 20th century, with the introduction of new products such as energy drinks and sports drinks. Today, the Beverages (Wholesale) industry is a major global industry, with a wide range of products and a diverse customer base.
Future Outlook for Beverages (Wholesale)
The anticipated future trajectory of the NAICS 424490-05 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 Beverages (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for non-alcoholic and alcoholic beverages. The rise in health consciousness among consumers has led to an increase in demand for natural and organic beverages. The industry is also expected to benefit from the growing trend of online shopping, which has made it easier for wholesalers to reach a wider customer base. The increasing popularity of craft beers and spirits is also expected to drive growth in the industry. However, the industry may face challenges due to the increasing competition from retailers who are now buying directly from manufacturers. The industry will need to adapt to changing consumer preferences and invest in technology to remain competitive.
Industry Innovations for NAICS Code 424490-05
Recent groundbreaking advancements and milestones in the Beverages (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Smart Vending Machines: Smart vending machines are being used to sell beverages in public places such as airports, train stations, and shopping malls. These machines are equipped with sensors that can detect when a product is running low and automatically reorder it. They also offer a range of payment options, including mobile payments and credit cards, making it easier for customers to purchase products.
- Plant-Based Beverages: Plant-based beverages such as almond milk, soy milk, and coconut water are becoming increasingly popular among consumers. Wholesalers are now offering a range of plant-based beverages to meet this growing demand.
- Energy Drinks: Energy drinks are becoming more popular among consumers, particularly among young adults. Wholesalers are now offering a range of energy drinks to meet this growing demand.
- Alcoholic Seltzers: Alcoholic seltzers are becoming increasingly popular among consumers, particularly among millennials. Wholesalers are now offering a range of alcoholic seltzers to meet this growing demand.
- CBD-Infused Beverages: CBD-infused beverages are becoming increasingly popular among consumers. Wholesalers are now offering a range of CBD-infused beverages to meet this growing demand.
NAICS Code 424490-05 - Beverages (Wholesale)
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