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NAICS Code 424490-14 Description (8-Digit)

Cocoa (Wholesale) is a subdivision of the Other Grocery and Related Products Merchant Wholesalers industry. This industry involves the wholesale distribution of cocoa and cocoa products to various businesses such as confectionery manufacturers, bakeries, and food service providers. Cocoa (Wholesale) companies purchase cocoa beans and process them into cocoa powder, cocoa butter, and chocolate liquor. These products are then sold to manufacturers who use them as ingredients in their products. The industry is highly competitive, and companies must maintain high-quality standards to remain competitive.

Hierarchy Navigation for NAICS Code 424490-14

Tools

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

  • Cocoa bean roaster
  • Cocoa butter press
  • Conching machine
  • Refining mill
  • Winnowing machine
  • Hydraulic press
  • Conveyors
  • Sifting machine
  • Temperature-controlled storage
  • Weighing scales
  • Moisture analyzer
  • PH meter
  • Sieves
  • Grinders
  • Mixers
  • Pumps
  • Packaging equipment
  • Forklifts

Industry Examples of Cocoa (Wholesale)

Common products and services typical of NAICS Code 424490-14, illustrating the main business activities and contributions to the market.

  • Chocolate manufacturers
  • Confectionery manufacturers
  • Bakeries
  • Ice cream manufacturers
  • Food service providers
  • Snack food manufacturers
  • Beverage manufacturers
  • Nut butter manufacturers
  • Health food manufacturers
  • Cosmetic manufacturers

Certifications, Compliance and Licenses for NAICS Code 424490-14 - Cocoa (Wholesale)

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

  • Fairtrade Certification: Fairtrade certification ensures that cocoa farmers are paid fairly for their work and that their working conditions are safe. The certification is provided by Fairtrade International.
  • Rainforest Alliance Certification: The Rainforest Alliance certification ensures that cocoa is grown in a way that is environmentally sustainable and socially responsible. The certification is provided by the Rainforest Alliance.
  • UTZ Certification: The UTZ certification ensures that cocoa is grown in a way that is environmentally sustainable and socially responsible. The certification is provided by UTZ.
  • Organic Certification: Organic certification ensures that cocoa is grown without the use of synthetic pesticides and fertilizers. The certification is provided by the USDA National Organic Program.
  • Hazard Analysis and Critical Control Points (HACCP) Certification: HACCP certification ensures that cocoa is produced in a way that minimizes the risk of food safety hazards. The certification is provided by the International HACCP Alliance.

History

A concise historical narrative of NAICS Code 424490-14 covering global milestones and recent developments within the United States.

  • The cocoa industry has a long and complex history, dating back to the ancient civilizations of Central and South America. The Mayans and Aztecs were the first to cultivate cocoa trees and use the beans to make a bitter drink. In the 16th century, the Spanish brought cocoa to Europe, where it became a luxury item for the wealthy. The Industrial Revolution brought new technologies for processing cocoa, making it more widely available. In the 20th century, the chocolate industry boomed, with the development of new products and marketing strategies. In the United States, the Hershey Company was founded in 1894 and became a major player in the industry. Today, the cocoa industry faces challenges such as climate change, labor issues, and changing consumer preferences. Recent history of the cocoa industry in the United States has been marked by a growing demand for high-quality, sustainably sourced cocoa products. Consumers are increasingly interested in the ethical and environmental impact of their food choices, and companies are responding by investing in sustainable sourcing and fair labor practices. In 2010, the US passed the Dodd-Frank Act, which requires companies to disclose their use of conflict minerals, including those used in the cocoa industry. This has led to increased scrutiny of the industry's supply chains and efforts to improve transparency and accountability. In recent years, there has also been a trend towards premiumization, with consumers willing to pay more for high-quality, artisanal chocolate products. Overall, the cocoa industry in the US is facing both challenges and opportunities as it adapts to changing consumer preferences and global trends.

Future Outlook for Cocoa (Wholesale)

The anticipated future trajectory of the NAICS 424490-14 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 Cocoa (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for cocoa products in the food and beverage industry. The growing popularity of dark chocolate and the health benefits associated with cocoa consumption are driving the demand for cocoa products. Additionally, the increasing popularity of premium chocolate products is expected to boost the industry's growth. However, the industry may face challenges due to the fluctuating prices of cocoa beans and the increasing competition from other cocoa-producing countries. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 424490-14

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

  • Sustainable Cocoa Farming: Many cocoa wholesalers are now focusing on sustainable cocoa farming practices to ensure a steady supply of high-quality cocoa beans. This includes using environmentally friendly farming methods and providing fair wages to farmers.
  • Organic Cocoa Products: The demand for organic cocoa products is increasing due to the growing awareness of the health benefits of organic foods. Many cocoa wholesalers are now offering organic cocoa products to meet this demand.
  • Cocoa Powder Innovations: Cocoa powder is a versatile ingredient used in many food and beverage products. Many cocoa wholesalers are now offering innovative cocoa powder products, such as low-fat cocoa powder and alkalized cocoa powder, to meet the changing needs of their customers.
  • Premium Chocolate Products: The demand for premium chocolate products is increasing due to the growing popularity of artisanal and gourmet foods. Many cocoa wholesalers are now offering premium chocolate products, such as single-origin chocolate and chocolate with unique flavor profiles, to meet this demand.
  • Cocoa Butter Innovations: Cocoa butter is a key ingredient in many cosmetic and personal care products. Many cocoa wholesalers are now offering innovative cocoa butter products, such as organic cocoa butter and fair trade cocoa butter, to meet the changing needs of their customers.

NAICS Code 424490-14 - Cocoa (Wholesale)

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