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NAICS Code 424490-61 Description (8-Digit)

The Spices (Wholesale) industry involves the distribution of a wide range of spices, herbs, and seasonings to various businesses such as grocery stores, restaurants, and food manufacturers. These products are typically sourced from domestic and international suppliers and are sold in bulk quantities to customers. The industry is highly competitive, with wholesalers competing on factors such as price, quality, and variety of products offered.

Hierarchy Navigation for NAICS Code 424490-61

Tools

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

  • Spice grinders
  • Scales
  • Packaging equipment
  • Labeling machines
  • Spice racks and displays
  • Spice tins and jars
  • Spice mills
  • Spice sifters
  • Spice funnels
  • Spice spoons

Industry Examples of Spices (Wholesale)

Common products and services typical of NAICS Code 424490-61, illustrating the main business activities and contributions to the market.

  • Cinnamon sticks
  • Black pepper
  • Paprika
  • Turmeric powder
  • Garlic powder
  • Onion powder
  • Cumin seeds
  • Mustard seeds
  • Bay leaves
  • Oregano leaves
  • Thyme leaves
  • Rosemary leaves
  • Sage leaves
  • Nutmeg powder
  • Cloves
  • Cardamom pods
  • Fennel seeds
  • Coriander seeds
  • Chili flakes

Certifications, Compliance and Licenses for NAICS Code 424490-61 - Spices (Wholesale)

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

  • Organic Certification: Organic certification is a process that verifies that the products are grown and processed according to the USDA organic standards. The USDA National Organic Program (NOP) is responsible for regulating the organic industry in the US. The certification is provided by USDA-accredited certifying agents.
  • Hazard Analysis and Critical Control Points (HACCP) Certification: HACCP is a food safety management system that identifies and prevents hazards in the food production process. The certification is provided by the International HACCP Alliance.
  • Good Manufacturing Practices (GMP) Certification: GMP certification ensures that the products are consistently produced and controlled according to quality standards. The certification is provided by NSF International.
  • Safe Quality Food (SQF) Certification: SQF certification is a food safety management system that ensures the products meet the highest standards of safety and quality. The certification is provided by the Safe Quality Food Institute.
  • Fair Trade Certification: Fair Trade certification ensures that the products are produced and traded in an ethical and sustainable manner. The certification is provided by Fair Trade USA.

History

A concise historical narrative of NAICS Code 424490-61 covering global milestones and recent developments within the United States.

  • The history of the Spices (Wholesale) industry dates back to ancient times when spices were used for medicinal purposes, food preservation, and flavoring. The spice trade was a significant driver of the world economy, and it led to the discovery of new trade routes and the colonization of new territories. In the United States, the spice trade began in the 17th century when the British established colonies in North America. The industry grew rapidly in the 19th century with the advent of new technologies such as steamships and railroads, which made it easier to transport spices from their countries of origin to the United States. In recent years, the industry has been impacted by globalization, changing consumer preferences, and the rise of e-commerce.

Future Outlook for Spices (Wholesale)

The anticipated future trajectory of the NAICS 424490-61 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 Spices (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for spices in the food and beverage industry. The growing popularity of ethnic cuisines and the trend towards healthy eating are also expected to drive the growth of the industry. Additionally, the increasing popularity of online grocery shopping is expected to boost the demand for spices in the wholesale market. However, the industry may face challenges due to the volatility of commodity prices and the increasing competition from private label brands. Overall, the Spices (Wholesale) industry is expected to experience steady growth in the coming years.

Industry Innovations for NAICS Code 424490-61

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

  • Introduction Of Organic Spices: The demand for organic spices has been increasing due to the growing trend towards healthy eating. Many companies in the Spices (Wholesale) industry have started offering organic spices to cater to this demand.
  • Use Of Technology In Packaging: Many companies in the industry have started using technology to improve the packaging of spices. This includes the use of airtight packaging to preserve the freshness of the spices and the use of QR codes to provide customers with information about the origin and quality of the spices.
  • Expansion Of Product Lines: Many companies in the industry have started expanding their product lines to include a wider range of spices. This includes the introduction of exotic spices from different parts of the world to cater to the growing demand for ethnic cuisines.
  • Focus on Sustainability: Many companies in the industry have started focusing on sustainability by sourcing their spices from sustainable sources and using eco-friendly packaging materials.
  • Increasing Use Of E-Commerce: Many companies in the industry have started using e-commerce platforms to sell their products. This has helped them reach a wider customer base and has also made it easier for customers to purchase spices in bulk.

NAICS Code 424490-61 - Spices (Wholesale)

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