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NAICS Code 424490-64 Description (8-Digit)

Tea (Wholesale) is a subdivision of the Other Grocery and Related Products Merchant Wholesalers industry. This industry involves the wholesale distribution of tea and related products to retailers, food service providers, and other businesses. Tea (Wholesale) companies purchase tea products from manufacturers and importers, and then sell them in bulk to their customers. The industry includes a wide range of tea products, including loose leaf tea, tea bags, iced tea, and herbal tea.

Hierarchy Navigation for NAICS Code 424490-64

Tools

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

  • Tea infusers
  • Tea strainers
  • Tea pots
  • Tea kettles
  • Tea cups
  • Tea spoons
  • Tea timers
  • Tea scales
  • Tea thermometers
  • Tea storage containers

Industry Examples of Tea (Wholesale)

Common products and services typical of NAICS Code 424490-64, illustrating the main business activities and contributions to the market.

  • Loose leaf tea
  • Tea bags
  • Iced tea
  • Herbal tea
  • Black tea
  • Green tea
  • White tea
  • Oolong tea
  • Chai tea
  • Matcha tea

Certifications, Compliance and Licenses for NAICS Code 424490-64 - Tea (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 tea products that are labeled as organic. It ensures that the tea has been grown and processed according to strict organic standards set by the USDA. The certification is provided by the USDA National Organic Program.
  • Fair Trade Certification: This certification ensures that the tea has been produced and traded in an ethical and sustainable manner, with fair prices paid to farmers and workers. The certification is provided by Fair Trade USA.
  • Rainforest Alliance Certification: This certification ensures that the tea has been grown and processed in a way that protects the environment and supports the well-being of workers and local communities. The certification is provided by the Rainforest Alliance.
  • Non-GMO Project Verification: This verification ensures that the tea does not contain genetically modified organisms (GMOs). The verification is provided by the Non-GMO Project.
  • Kosher Certification: This certification ensures that the tea meets Jewish dietary laws and is suitable for consumption by observant Jews. The certification is provided by various kosher certification agencies.

History

A concise historical narrative of NAICS Code 424490-64 covering global milestones and recent developments within the United States.

  • The history of the tea industry dates back to ancient China, where it was first used for medicinal purposes. Tea was later introduced to Europe in the 16th century and became a popular beverage. The tea trade was a significant factor in the British colonization of India, where tea plantations were established. In the United States, tea was first introduced in the 17th century, and the Boston Tea Party in 1773 was a significant event in American history. In recent years, the tea industry has seen significant growth due to the increasing popularity of specialty teas, such as herbal and organic teas, and the health benefits associated with tea consumption.

Future Outlook for Tea (Wholesale)

The anticipated future trajectory of the NAICS 424490-64 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The tea wholesale industry in the USA is expected to grow in the coming years due to the increasing demand for tea products. The industry is expected to benefit from the growing health consciousness among consumers, as tea is considered a healthy beverage. Additionally, the industry is expected to benefit from the increasing popularity of specialty teas, such as herbal and organic teas. The industry is also expected to benefit from the growing popularity of tea among millennials, who are increasingly interested in trying new and exotic tea flavors. However, the industry may face challenges due to the increasing competition from coffee and other beverages. Overall, the tea wholesale industry in the USA is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 424490-64

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

  • Tea Bags Made from Biodegradable Materials: Tea companies are increasingly using biodegradable materials for their tea bags, which is a positive step towards reducing the environmental impact of the industry.
  • Innovative Tea Flavors: Tea companies are introducing innovative tea flavors, such as turmeric tea, matcha tea, and hibiscus tea, to cater to the changing tastes of consumers.
  • Tea Subscription Services: Tea subscription services are becoming increasingly popular, allowing consumers to receive a variety of tea blends on a regular basis.
  • Tea and Food Pairings: Tea companies are partnering with food companies to create tea and food pairings, which is a positive step towards promoting the consumption of tea.
  • Tea Vending Machines: Tea vending machines are becoming increasingly popular, allowing consumers to purchase tea on the go.

NAICS Code 424490-64 - Tea (Wholesale)

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