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NAICS Code 424490-15 Description (8-Digit)

The Coffee & Tea (Wholesale) industry involves the distribution of coffee and tea products to various retailers, such as grocery stores, cafes, and restaurants. This industry is responsible for providing a range of coffee and tea products, including whole bean coffee, ground coffee, tea bags, loose leaf tea, and more. The industry is highly competitive, with companies vying for market share by offering unique blends, flavors, and packaging options.

Hierarchy Navigation for NAICS Code 424490-15

Tools

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

  • Coffee grinders
  • Espresso machines
  • Tea infusers
  • Tea kettles
  • Coffee brewers
  • Coffee roasters
  • Tea strainers
  • Coffee scales
  • Coffee tampers
  • Tea timers

Industry Examples of Coffee & Tea (Wholesale)

Common products and services typical of NAICS Code 424490-15, illustrating the main business activities and contributions to the market.

  • Whole bean coffee
  • Ground coffee
  • Tea bags
  • Loose leaf tea
  • Flavored coffee
  • Herbal tea
  • Decaffeinated coffee
  • Iced tea
  • Espresso
  • Chai tea

Certifications, Compliance and Licenses for NAICS Code 424490-15 - Coffee & Tea (Wholesale)

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

  • Fair Trade Certification: This certification ensures that the coffee and tea products are produced and traded in an ethical and sustainable manner. The Fair Trade USA organization provides this certification.
  • Rainforest Alliance Certification: This certification ensures that the coffee and tea products are produced in a way that protects the environment, wildlife, and workers. The Rainforest Alliance organization provides this certification.
  • Organic Certification: This certification ensures that the coffee and tea products are produced without the use of synthetic pesticides, fertilizers, or other harmful chemicals. The USDA National Organic Program provides this certification.
  • Kosher Certification: This certification ensures that the coffee and tea products meet the dietary requirements of Jewish law. The Orthodox Union provides this certification.
  • Non-GMO Project Verification: This verification ensures that the coffee and tea products are produced without the use of genetically modified organisms (GMOs). The Non-GMO Project provides this verification.

History

A concise historical narrative of NAICS Code 424490-15 covering global milestones and recent developments within the United States.

  • The "Coffee & Tea (Wholesale)" industry has a long and rich history worldwide. Coffee was first discovered in Ethiopia in the 11th century, and it quickly spread to the Middle East, Europe, and eventually the Americas. The first coffeehouse opened in Constantinople in the 16th century, and by the 17th century, coffeehouses had become popular gathering places for intellectuals and businessmen. Tea, on the other hand, has been consumed in China for thousands of years, and it was introduced to Europe in the 16th century. The British East India Company played a significant role in the global tea trade, and tea became a staple of British culture. In the United States, coffee and tea became popular in the 18th century, and the first coffeehouse opened in Boston in 1676. In recent history, the "Coffee & Tea (Wholesale)" industry has seen significant growth due to the increasing popularity of specialty coffee and tea shops, as well as the rise of e-commerce and online sales.

Future Outlook for Coffee & Tea (Wholesale)

The anticipated future trajectory of the NAICS 424490-15 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The coffee and tea wholesale industry in the USA is expected to continue its growth trajectory in the coming years. The increasing demand for specialty coffee and tea products, as well as the growing popularity of coffee shops and cafes, is expected to drive the industry's growth. Additionally, the industry is likely to benefit from the increasing health consciousness among consumers, as tea is considered a healthy alternative to other beverages. However, the industry may face challenges due to the rising competition from other beverage industries and the increasing popularity of home-brewed coffee and tea. Overall, the industry is expected to maintain steady growth in the coming years.

Industry Innovations for NAICS Code 424490-15

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

  • Cold Brew Coffee: Cold brew coffee has become increasingly popular in recent years, and many coffee and tea wholesalers have started offering cold brew coffee products to meet the growing demand.
  • Specialty Tea Blends: Many tea wholesalers have started offering specialty tea blends, such as herbal and fruit-infused teas, to cater to the increasing demand for unique and healthy tea products.
  • Sustainable Sourcing: Many coffee and tea wholesalers have started sourcing their products from sustainable and ethical sources, which has become an important factor for many consumers.
  • Online Sales: Many coffee and tea wholesalers have started selling their products online, which has helped them reach a wider audience and increase their sales.
  • Ready-To-Drink Products: Many coffee and tea wholesalers have started offering ready-to-drink products, such as bottled iced tea and coffee, to cater to the increasing demand for convenient and on-the-go beverages.

NAICS Code 424490-15 - Coffee & Tea (Wholesale)

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