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NAICS Code 424590-07 Description (8-Digit)

Hops (Wholesale) is a subdivision of the Other Farm Product Raw Material Merchant Wholesalers industry. This industry involves the wholesale distribution of hops, which are the dried flowers of the hop plant used primarily as a flavoring and stability agent in beer production. Hops are also used in herbal medicine and aromatherapy. Hops (Wholesale) companies purchase hops from hop growers and sell them to breweries, beer distributors, and other beverage manufacturers.

Hierarchy Navigation for NAICS Code 424590-07

Tools

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

  • Hop balers
  • Hop harvesters
  • Hop drying equipment
  • Hop pelletizers
  • Hop presses
  • Hop vacuum sealers
  • Hop analysis equipment
  • Hop storage containers
  • Forklifts
  • Pallet jacks

Industry Examples of Hops (Wholesale)

Common products and services typical of NAICS Code 424590-07, illustrating the main business activities and contributions to the market.

  • Hop growers
  • Craft breweries
  • Beer distributors
  • Beverage manufacturers
  • Homebrew supply stores
  • Brewpubs
  • Microbreweries
  • Beer wholesalers
  • Beer importers
  • Beer retailers

Certifications, Compliance and Licenses for NAICS Code 424590-07 - Hops (Wholesale)

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

  • Good Agricultural Practices (GAP): GAP is a voluntary audit program that verifies that fruits and vegetables are produced, packed, handled, and stored as safely as possible to minimize risks of microbial food safety hazards. The USDA provides GAP certification.
  • Hazard Analysis and Critical Control Points (HACCP): HACCP is a management system in which food safety is addressed through the analysis and control of biological, chemical, and physical hazards from raw material production, procurement and handling, to manufacturing, distribution, and consumption of the finished product. The FDA provides HACCP certification.
  • Organic Certification: Organic certification verifies that a farm or handling facility complies with the USDA organic regulations. The USDA provides organic certification.
  • Alcohol and Tobacco Tax and Trade Bureau (TTB) Permit: A TTB permit is required for businesses that produce, import, wholesale, or sell alcohol, tobacco, or firearms. The TTB provides permits.
  • Food Safety Modernization Act (FSMA) Compliance: FSMA is a set of regulations that aim to ensure the safety of the US food supply by shifting the focus from responding to contamination to preventing it. Compliance with FSMA is mandatory for all food facilities in the US. The FDA provides FSMA compliance guidance.

History

A concise historical narrative of NAICS Code 424590-07 covering global milestones and recent developments within the United States.

  • The history of the Hops (Wholesale) industry dates back to the 8th century when hops were first cultivated in Germany. The use of hops in beer production became widespread in the 11th century, and by the 16th century, hops had become a major agricultural crop in Europe. In the United States, the cultivation of hops began in the early 17th century, and by the mid-19th century, the country had become a major producer of hops. The industry faced challenges during the Prohibition era, but it rebounded after the repeal of Prohibition in 1933. In recent years, the industry has seen significant growth due to the increasing popularity of craft beer and the demand for high-quality hops.

Future Outlook for Hops (Wholesale)

The anticipated future trajectory of the NAICS 424590-07 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The future outlook for the Hops (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for craft beer and the growing popularity of microbreweries. The industry is also expected to benefit from the increasing demand for organic and locally sourced hops. However, the industry may face challenges due to the increasing competition from international suppliers and the volatility of hop prices. Overall, the industry is expected to experience steady growth in the coming years.

Industry Innovations for NAICS Code 424590-07

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

  • Vertical Farming: Vertical farming is a recent innovation in the Hops (Wholesale) industry that allows for year-round production of hops in a controlled environment. This technology can help reduce the impact of weather and climate on hop production and increase the yield of hops.
  • New Hop Varieties: The development of new hop varieties with unique flavors and aromas has been a recent milestone in the Hops (Wholesale) industry. These new varieties can help brewers create unique and innovative beers that stand out in the market.
  • Sustainable Farming Practices: Many hop farmers are adopting sustainable farming practices to reduce their environmental impact and improve the quality of their hops. This includes the use of cover crops, reduced tillage, and integrated pest management.
  • Hop Extracts: Hop extracts are a recent innovation in the Hops (Wholesale) industry that allows brewers to add hop flavor and aroma to their beers without using whole hops. This technology can help reduce the amount of hops needed for brewing and reduce the environmental impact of hop production.
  • Hop Breeding Programs: Hop breeding programs are a recent milestone in the Hops (Wholesale) industry that aim to develop new hop varieties with improved disease resistance, yield, and quality. These programs can help ensure the long-term sustainability of the hop industry.

NAICS Code 424590-07 - Hops (Wholesale)

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