NAICS Code 424490-11 - Chocolate & Cocoa (Wholesale)
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NAICS Code 424490-11 Description (8-Digit)
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Tools
Tools commonly used in the Chocolate & Cocoa (Wholesale) industry for day-to-day tasks and operations.
- Chocolate tempering machine
- Conching machine
- Chocolate enrobing machine
- Chocolate moulds
- Chocolate melting tank
- Cocoa bean roaster
- Cocoa butter press
- Chocolate fountain
- Chocolate spray gun
- Chocolate vibrating table
Industry Examples of Chocolate & Cocoa (Wholesale)
Common products and services typical of NAICS Code 424490-11, illustrating the main business activities and contributions to the market.
- Chocolate bars
- Chocolate chips
- Cocoa powder
- Chocolate-covered nuts
- Chocolate-covered fruits
- Baking supplies
- Confectionery ingredients
- Packaging materials
- Chocolate spreads
- Chocolate syrups
Certifications, Compliance and Licenses for NAICS Code 424490-11 - Chocolate & Cocoa (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Fairtrade Certification: Fairtrade certification ensures that the cocoa and chocolate products are produced and traded in an ethical and sustainable manner. The certification is provided by Fairtrade International.
- Rainforest Alliance Certification: Rainforest Alliance certification ensures that the cocoa and chocolate products are produced in a way that protects the environment, wildlife, and workers' rights. The certification is provided by the Rainforest Alliance.
- USDA Organic Certification: USDA Organic certification ensures that the cocoa and chocolate products are produced without the use of synthetic pesticides, fertilizers, or genetically modified organisms (GMOs). The certification is provided by the United States Department of Agriculture (USDA).
- SQF Certification: SQF certification ensures that the cocoa and chocolate products are produced and handled in a safe and hygienic manner. The certification is provided by the Safe Quality Food Institute.
- Kosher Certification: Kosher certification ensures that the cocoa and chocolate products meet the dietary requirements of Jewish law. The certification is provided by various organizations, including the Orthodox Union (OU).
History
A concise historical narrative of NAICS Code 424490-11 covering global milestones and recent developments within the United States.
- The history of the Chocolate & Cocoa (Wholesale) industry dates back to the 16th century when cocoa was first introduced to Europe. The industry grew rapidly in the 19th century with the invention of milk chocolate and the development of new processing techniques. In the 20th century, the industry saw significant growth due to the increasing popularity of chocolate and cocoa products worldwide. In the United States, the industry experienced a boom in the 1920s with the introduction of mass-produced chocolate bars. In recent years, the industry has seen a shift towards premium and artisanal chocolate products, as well as an increased focus on sustainability and ethical sourcing practices.
Future Outlook for Chocolate & Cocoa (Wholesale)
The anticipated future trajectory of the NAICS 424490-11 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 Chocolate & Cocoa (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for premium and organic chocolate products. The growing popularity of dark chocolate and the health benefits associated with it are also expected to drive the growth of the industry. Additionally, the increasing popularity of chocolate as a gift item and the growing trend of chocolate pairing with wine and other beverages are expected to boost the demand for chocolate products. However, the industry may face challenges due to the fluctuating prices of cocoa beans and the increasing competition from private label brands.
Industry Innovations for NAICS Code 424490-11
Recent groundbreaking advancements and milestones in the Chocolate & Cocoa (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Introduction Of Organic and Fair Trade Chocolate Products: Many companies in the Chocolate & Cocoa (Wholesale) industry have started offering organic and fair trade chocolate products to cater to the growing demand for sustainable and ethically sourced products.
- Launch Of New Chocolate Flavors: Companies are introducing new and innovative chocolate flavors such as matcha, lavender, and chili to attract customers and differentiate themselves from competitors.
- Use Of Blockchain Technology: Some companies are using blockchain technology to ensure the traceability and transparency of their supply chain, which helps in building trust with customers and improving the quality of their products.
- Introduction Of Chocolate Subscription Services: Some companies are offering chocolate subscription services, where customers can receive a box of chocolates every month, which helps in building customer loyalty and generating recurring revenue.
- Expansion Into New Markets: Many companies in the Chocolate & Cocoa (Wholesale) industry are expanding into new markets such as Asia and Latin America, which offer significant growth opportunities due to the increasing demand for premium chocolate products.
NAICS Code 424490-11 - Chocolate & Cocoa (Wholesale)
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