NAICS Code 424490-67 - Yeast (Wholesale)
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NAICS Code 424490-67 Description (8-Digit)
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Tools
Tools commonly used in the Yeast (Wholesale) industry for day-to-day tasks and operations.
- Yeast extractors
- Fermentation tanks
- Yeast propagation systems
- Yeast analyzers
- Yeast washing machines
- Yeast storage tanks
- Yeast propagation media
- Yeast propagation vessels
- Yeast harvesting equipment
- Yeast propagation software
Industry Examples of Yeast (Wholesale)
Common products and services typical of NAICS Code 424490-67, illustrating the main business activities and contributions to the market.
- Bread manufacturers
- Craft breweries
- Wineries
- Pizza restaurants
- Donut shops
- Bagel shops
- Pretzel manufacturers
- Pastry shops
- Tortilla manufacturers
- Cideries
Certifications, Compliance and Licenses for NAICS Code 424490-67 - Yeast (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Food Safety Modernization Act (FSMA): The FSMA is a US law that requires food facilities to have a food safety plan in place that includes hazard analysis and risk-based preventive controls. The plan must be developed and overseen by a Preventive Controls Qualified Individual (PCQI). The FDA provides training and certification for PCQIs.
- Good Manufacturing Practices (GMP): GMPs are a set of guidelines that ensure that food products are consistently produced and controlled according to quality standards. The FDA provides guidance on GMPs for food facilities.
- Hazard Analysis and Critical Control Points (HACCP): HACCP is a systematic approach to identifying and controlling food safety hazards. The FDA requires HACCP plans for certain types of food facilities, including those that manufacture, process, pack, or hold juice, seafood, and certain types of meat and poultry products.
- Safe Quality Food (SQF) Certification: SQF is a food safety management system that is recognized by the Global Food Safety Initiative (GFSI). The certification is based on a set of standards that cover food safety and quality management.
- Organic Certification: The USDA provides organic certification for food products that meet certain standards for production, handling, and labeling. Yeast can be certified organic if it is produced using organic ingredients and methods.
History
A concise historical narrative of NAICS Code 424490-67 covering global milestones and recent developments within the United States.
- The yeast industry has a long and rich history dating back to ancient Egypt, where it was used to make bread and beer. In the 19th century, Louis Pasteur discovered the role of yeast in fermentation, which led to the development of commercial yeast production. In the early 20th century, Fleischmann's Yeast Company became the leading producer of yeast in the United States, and by the 1950s, the industry had expanded to include a variety of yeast products, such as dry yeast and instant yeast. In recent years, the industry has seen advancements in genetic engineering and biotechnology, which have led to the development of new strains of yeast with improved properties, such as increased tolerance to high temperatures and alcohol. In the United States, the yeast industry has experienced steady growth over the past few decades, driven by the increasing demand for baked goods and alcoholic beverages. In the 1990s, the industry saw a shift towards the production of instant yeast, which is more convenient and easier to use than traditional yeast. In the early 2000s, the industry faced challenges due to rising energy costs and increased competition from foreign producers. However, the industry has since rebounded, thanks to the growing popularity of artisanal bread and craft beer, which require high-quality yeast. Overall, the yeast industry in the United States is a mature and stable market with a strong demand for its products.
Future Outlook for Yeast (Wholesale)
The anticipated future trajectory of the NAICS 424490-67 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The yeast wholesale industry in the USA is expected to experience steady growth in the coming years. The increasing demand for yeast in the food and beverage industry, particularly in the baking and brewing sectors, is expected to drive the growth of the industry. Additionally, the growing trend of healthy eating and the increasing popularity of plant-based diets are expected to create new opportunities for the industry. However, the industry may face challenges such as the volatility of raw material prices and the increasing competition from substitute products. Overall, the industry is expected to maintain a positive growth trajectory in the foreseeable future.
Industry Innovations for NAICS Code 424490-67
Recent groundbreaking advancements and milestones in the Yeast (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Yeast Extracts: Yeast extracts are gaining popularity as a natural flavor enhancer in the food industry. They are used in a variety of food products such as soups, sauces, and snacks to enhance the taste and aroma. Yeast extracts are also used as a natural alternative to monosodium glutamate (MSG).
- Probiotic Yeast: Probiotic yeast is a new innovation in the yeast industry that offers health benefits such as improved digestion and immunity. It is used in a variety of food and beverage products such as yogurt, kefir, and beer.
- Yeast-Based Animal Feed: Yeast-based animal feed is gaining popularity as a natural and sustainable alternative to traditional animal feed. It is rich in protein and other nutrients and is used in the feed for poultry, swine, and aquaculture.
- Yeast-Based Biofuels: Yeast-based biofuels are gaining popularity as a sustainable alternative to fossil fuels. Yeast is used to ferment sugars and produce biofuels such as ethanol and butanol.
- Yeast-Based Skincare Products: Yeast-based skincare products are gaining popularity as a natural and effective alternative to traditional skincare products. Yeast is used in a variety of skincare products such as serums, masks, and creams to improve skin texture and reduce signs of aging.
NAICS Code 424490-67 - Yeast (Wholesale)
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