NAICS Code 424490-25 - Flavoring Extracts-Raw Materials (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS Code 424490-25 Description (8-Digit)

The Flavoring Extracts-Raw Materials (Wholesale) industry involves the wholesale distribution of raw materials used in the production of flavoring extracts. These raw materials can include a variety of natural and artificial ingredients such as fruits, herbs, spices, and chemicals. The industry serves a range of customers including food and beverage manufacturers, pharmaceutical companies, and cosmetic producers.

Hierarchy Navigation for NAICS Code 424490-25

Tools

Tools commonly used in the Flavoring Extracts-Raw Materials (Wholesale) industry for day-to-day tasks and operations.

  • Distillation equipment
  • Extraction equipment
  • Mixing tanks
  • Pumps
  • Filtration systems
  • Laboratory equipment
  • Packaging machinery
  • Quality control instruments
  • Storage tanks
  • Transport vehicles

Industry Examples of Flavoring Extracts-Raw Materials (Wholesale)

Common products and services typical of NAICS Code 424490-25, illustrating the main business activities and contributions to the market.

  • Vanilla beans
  • Cinnamon bark
  • Citrus peels
  • Mint leaves
  • Nutmeg seeds
  • Rose petals
  • Artificial sweeteners
  • Food-grade ethanol
  • Glycerin
  • Propylene glycol

Certifications, Compliance and Licenses for NAICS Code 424490-25 - Flavoring Extracts-Raw Materials (Wholesale)

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

  • Organic Certification: This certification is required for companies that produce or handle organic products. The certification ensures that the products meet the USDA's organic standards. The certification is provided by USDA-accredited certifying agents.
  • Good Manufacturing Practices (GMP) Certification: This certification is required for companies that manufacture, package, or hold food products. The certification ensures that the products are consistently produced and controlled according to quality standards. The certification is provided by third-party organizations.
  • Hazard Analysis and Critical Control Points (HACCP) Certification: This certification is required for companies that handle, process, or manufacture food products. The certification ensures that the products are safe for consumption by identifying and controlling potential hazards. The certification is provided by third-party organizations.
  • Safe Quality Food (SQF) Certification: This certification is required for companies that manufacture, process, or distribute food products. The certification ensures that the products meet food safety and quality standards. The certification is provided by third-party organizations.
  • Food Safety Modernization Act (FSMA) Compliance: This regulation is required for companies that manufacture, process, pack, or hold food products. The regulation ensures that the products are safe for consumption by preventing foodborne illnesses.

History

A concise historical narrative of NAICS Code 424490-25 covering global milestones and recent developments within the United States.

  • The flavoring extracts-raw materials (wholesale) industry has a long history dating back to ancient times when spices and herbs were traded as valuable commodities. In the Middle Ages, the spice trade was a significant driver of global commerce, and the demand for exotic flavors and fragrances led to the discovery of new trade routes. In the 19th century, the industrial revolution brought new technologies for extracting and synthesizing flavors, leading to the development of the modern flavoring industry. In the United States, the flavoring extracts-raw materials (wholesale) industry has a history dating back to the colonial era when spices and herbs were imported from Europe and Asia. In the 19th century, the development of the food processing industry led to increased demand for flavorings, and the industry grew rapidly. In the 20th century, the development of new synthetic flavors and fragrances led to further growth and innovation in the industry.

Future Outlook for Flavoring Extracts-Raw Materials (Wholesale)

The anticipated future trajectory of the NAICS 424490-25 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The flavoring extracts-raw materials (wholesale) industry in the USA is expected to experience steady growth in the coming years. The increasing demand for natural and organic flavorings, as well as the growing popularity of plant-based diets, is expected to drive the growth of the industry. Additionally, the rising demand for convenience foods and ready-to-eat meals is expected to boost the demand for flavoring extracts. However, the industry may face challenges due to the increasing competition from substitute products and the fluctuating prices of raw materials. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 424490-25

Recent groundbreaking advancements and milestones in the Flavoring Extracts-Raw Materials (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • The development of new natural and organic flavorings that are free from artificial ingredients and preservatives.
  • The introduction of new plant-based flavorings that cater to the growing demand for vegan and vegetarian products.
  • The use of advanced technologies such as microencapsulation to improve the stability and shelf life of flavoring extracts.
  • The development of new flavoring extracts that cater to the specific needs of the food and beverage industry, such as low-sugar or low-sodium options.
  • The introduction of new packaging solutions that improve the convenience and ease of use of flavoring extracts for food manufacturers and processors.

NAICS Code 424490-25 - Flavoring Extracts-Raw Materials (Wholesale)

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