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NAICS Code 424490-45 Description (8-Digit)

Olives (Wholesale) is a subdivision of the Other Grocery and Related Products Merchant Wholesalers industry. This industry involves the wholesale distribution of olives, which are a type of fruit that are commonly used in cooking and as a snack. Olives are typically sold in bulk to retailers, restaurants, and other food service establishments. This industry also includes the wholesale distribution of olive oil, which is a popular cooking oil that is made from pressed olives.

Hierarchy Navigation for NAICS Code 424490-45

Tools

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

  • Olive pitters
  • Olive harvesters
  • Olive oil presses
  • Olive sorting machines
  • Olive washing machines
  • Olive grading machines
  • Olive packaging machines
  • Olive brining tanks
  • Olive storage containers
  • Olive slicing machines

Industry Examples of Olives (Wholesale)

Common products and services typical of NAICS Code 424490-45, illustrating the main business activities and contributions to the market.

  • Canned olives
  • Pitted olives
  • Stuffed olives
  • Kalamata olives
  • Green olives
  • Black olives
  • Olive oil
  • Olive tapenade
  • Olive spreads
  • Olive paste

Certifications, Compliance and Licenses for NAICS Code 424490-45 - Olives (Wholesale)

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

  • USDA Organic Certification: This certification is required for any product that is labeled as organic. It ensures that the product has been produced and handled according to strict USDA organic standards. The certification is provided by the USDA National Organic Program.
  • Hazard Analysis and Critical Control Points (HACCP) Certification: This certification is required for any food product that has a significant risk of contamination. It ensures that the product has been produced and handled according to strict food safety standards. The certification is provided by the International HACCP Alliance.
  • Good Agricultural Practices (GAP) Certification: This certification is required for any product that is grown on a farm. It ensures that the product has been produced and handled according to strict food safety standards. The certification is provided by the USDA Agricultural Marketing Service.
  • Good Manufacturing Practices (GMP) Certification: This certification is required for any product that is manufactured. It ensures that the product has been produced and handled according to strict quality control standards. The certification is provided by the International Organization for Standardization (ISO).
  • Safe Quality Food (SQF) Certification: This certification is required for any product that is manufactured or handled. It ensures that the product has been produced and handled according to strict food safety standards. The certification is provided by the Safe Quality Food Institute.

History

A concise historical narrative of NAICS Code 424490-45 covering global milestones and recent developments within the United States.

  • The history of the Olives (Wholesale) industry dates back to ancient times, where olives were considered a staple food in the Mediterranean region. The Greeks and Romans were known to have cultivated olives and used them for various purposes, including food, medicine, and cosmetics. In the 16th century, Spanish explorers introduced olives to the Americas, and the industry began to grow in the New World. In the United States, the industry experienced significant growth in the early 20th century, with the establishment of large-scale olive groves in California. Today, the industry continues to thrive, with olives being used not only for food but also for their oil, which is used in cooking and cosmetics.

Future Outlook for Olives (Wholesale)

The anticipated future trajectory of the NAICS 424490-45 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 Olives (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for healthy and natural food products. The growing popularity of the Mediterranean diet, which includes olives as a staple food, is also expected to drive the growth of the industry. Additionally, the increasing awareness about the health benefits of olives, such as their high content of healthy fats and antioxidants, is expected to boost the demand for olives and olive-based products. The industry is also expected to benefit from the growing trend of online grocery shopping, which is expected to increase the accessibility of olives to consumers. Overall, the Olives (Wholesale) industry is expected to experience steady growth in the coming years.

Industry Innovations for NAICS Code 424490-45

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

  • New Packaging Solutions: The Olives (Wholesale) industry has seen a recent trend towards innovative packaging solutions that help to extend the shelf life of olives and improve their quality. For example, some companies are using vacuum-sealed packaging to preserve the freshness of olives and prevent spoilage.
  • Organic and Non-GMO Products: The demand for organic and non-GMO products is increasing in the food industry, and the Olives (Wholesale) industry is no exception. Many companies are now offering organic and non-GMO olives to meet the growing demand for healthier and more natural food products.
  • New Product Lines: Some companies in the Olives (Wholesale) industry are expanding their product lines to include new and innovative olive-based products, such as olive oil-based skincare products and olive-based snacks.
  • Sustainable Practices: The Olives (Wholesale) industry is becoming more environmentally conscious, and many companies are adopting sustainable practices to reduce their environmental impact. For example, some companies are using renewable energy sources to power their operations and implementing recycling programs to reduce waste.
  • Online Sales: The growing trend of online grocery shopping is also impacting the Olives (Wholesale) industry, with many companies now offering their products for sale online. This has increased the accessibility of olives to consumers and is expected to drive the growth of the industry in the coming years.

NAICS Code 424490-45 - Olives (Wholesale)

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