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

• Soybean processing equipment
• Soybean oil extraction machines
• Soy milk production machines
• Tofu making machines
• Soy protein isolate production equipment
• Packaging machines
• Quality control equipment
• Transportation vehicles
• Warehouse management software
• Inventory management software

Common products and services typical of NAICS Code 424490-60, illustrating the main business activities and contributions to the market.

• Soybean oil
• Soy milk
• Tofu
• Soy protein isolate
• Soy flour
• Soy lecithin
• Soybean meal
• Soy nuts
• Soy sauce
• Soy wax

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

• Non-GMO Project Verified: This certification ensures that the soybean products are free from genetically modified organisms (GMOs). The Non-GMO Project is a non-profit organization that provides this certification.
• USDA Organic: This certification ensures that the soybean products are produced without the use of synthetic fertilizers, pesticides, or other harmful chemicals. The United States Department of Agriculture (USDA) provides this certification.
• Safe Quality Food (SQF) Certification: This certification ensures that the soybean products meet food safety and quality standards. The SQF Institute provides this certification.
• Hazard Analysis and Critical Control Points (HACCP) Certification: This certification ensures that the soybean products are produced in a safe and hygienic environment. The International HACCP Alliance provides this certification.
• Kosher Certification: This certification ensures that the soybean products meet Jewish dietary laws. The Orthodox Union provides this certification.

A concise historical narrative of NAICS Code 424490-60 covering global milestones and recent developments within the United States.

• The Soybean Products (Wholesale) industry has a long history dating back to ancient China, where soybeans were first cultivated. Soybeans were introduced to the United States in the 18th century, but it wasn't until the 20th century that the industry began to take off. During World War II, soybeans were used as a substitute for meat, and the industry experienced significant growth. In the 1960s, the development of soy protein isolate and other soy-based products led to further expansion of the industry. In recent years, the industry has faced challenges due to the trade war with China, which is a major importer of U.S. soybeans. However, the industry has also seen growth due to increasing demand for plant-based protein and other soy-based products.

The anticipated future trajectory of the NAICS 424490-60 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 Soybean Products (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for soybean products in various industries such as food, animal feed, and biofuels. The growing awareness of the health benefits of soybean products is also expected to drive the demand for these products. Additionally, the increasing popularity of plant-based diets is expected to boost the demand for soybean products. However, the industry may face challenges such as price volatility, supply chain disruptions, and competition from alternative protein sources.

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

• Soy-Based Meat Alternatives: The development of soy-based meat alternatives has been a significant innovation in the Soybean Products (Wholesale) industry. These products are gaining popularity among consumers who are looking for plant-based protein sources.
• Soy-Based Dairy Alternatives: Soy-based dairy alternatives such as soy milk, soy cheese, and soy yogurt are also gaining popularity among consumers who are lactose intolerant or looking for plant-based alternatives to dairy products.
• Soy-Based Biofuels: Soybean oil is used as a feedstock for biodiesel production, which is a renewable and environmentally friendly alternative to petroleum-based diesel fuel.
• Soy-Based Plastics: Soy-based plastics are biodegradable and have a lower carbon footprint than traditional petroleum-based plastics.
• Soy-Based Ink: Soy-based ink is an eco-friendly alternative to petroleum-based ink and is gaining popularity among environmentally conscious consumers.