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NAICS Code 424590-11 Description (8-Digit)

The Peanut Products (Wholesale) industry involves the distribution of raw and processed peanut products to retailers, manufacturers, and other businesses. This includes peanuts in shell, shelled peanuts, peanut butter, peanut oil, and other peanut-based products. Companies in this industry may also provide services such as roasting, blanching, and packaging of peanuts.

Hierarchy Navigation for NAICS Code 424590-11

Tools

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

  • Peanut shelling machines
  • Roasting machines
  • Blanching machines
  • Sorting machines
  • Packaging machines
  • Conveyor belts
  • Scales
  • Moisture meters
  • Temperature gauges
  • Nut butter mills

Industry Examples of Peanut Products (Wholesale)

Common products and services typical of NAICS Code 424590-11, illustrating the main business activities and contributions to the market.

  • Peanut butter
  • Peanut oil
  • Peanut flour
  • Peanut brittle
  • Peanut candy
  • Peanut snacks
  • Peanut sauce
  • Peanut meal
  • Peanut protein powder
  • Peanut milk

Certifications, Compliance and Licenses for NAICS Code 424590-11 - Peanut Products (Wholesale)

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

  • Hazard Analysis and Critical Control Points (HACCP): HACCP is a food safety management system that is required for all food businesses in the US, including peanut product wholesalers. It identifies potential hazards in the food production process and outlines steps to prevent them. The Food and Drug Administration (FDA) provides guidance on HACCP implementation for food businesses.
  • Good Manufacturing Practices (GMP): GMP is a set of guidelines for ensuring that products are consistently produced and controlled according to quality standards. Peanut product wholesalers must comply with GMP regulations to ensure the safety and quality of their products. The FDA provides guidance on GMP compliance for food businesses.
  • Organic Certification: Peanut product wholesalers may seek organic certification to demonstrate that their products meet certain standards for organic production. The USDA National Organic Program provides certification for organic products.
  • Kosher Certification: Kosher certification is a voluntary certification that demonstrates that a product meets Jewish dietary laws. Peanut product wholesalers may seek kosher certification to appeal to Jewish consumers. The Orthodox Union provides kosher certification.
  • Gluten-Free Certification: Peanut product wholesalers may seek gluten-free certification to appeal to consumers with gluten sensitivities or celiac disease. The Gluten-Free Certification Organization provides certification for gluten-free products.

History

A concise historical narrative of NAICS Code 424590-11 covering global milestones and recent developments within the United States.

  • The peanut plant is native to South America, where it has been cultivated for thousands of years. The peanut was introduced to Europe in the 16th century and then to North America in the 1700s. The first commercial peanut crop was grown in Virginia in the early 1840s. In the late 1800s, George Washington Carver, a scientist and inventor, began researching the peanut plant and discovered hundreds of uses for it, including peanut butter. In the early 1900s, the peanut industry began to grow rapidly, and by the 1920s, the United States was the world's leading producer of peanuts. In recent years, the peanut industry has faced challenges such as droughts, disease, and competition from other crops, but it remains an important part of the agricultural economy in the United States.

Future Outlook for Peanut Products (Wholesale)

The anticipated future trajectory of the NAICS 424590-11 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 Peanut Products (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for peanut products in the food industry. The growing popularity of plant-based diets and the health benefits associated with peanuts are also expected to drive the growth of the industry. Additionally, the increasing demand for peanut butter and other peanut-based products is expected to boost the industry's growth. However, the industry may face challenges due to the volatility of peanut prices and the increasing competition from other nut products. Overall, the industry is expected to experience steady growth in the coming years.

Industry Innovations for NAICS Code 424590-11

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

  • Introduction Of New Peanut-Based Snacks: Many companies are introducing new peanut-based snacks to cater to the growing demand for healthy snacks. These snacks are made with natural ingredients and are free from preservatives and artificial flavors.
  • Peanut-Based Protein Powders: Peanut-based protein powders are gaining popularity among fitness enthusiasts due to their high protein content and health benefits. These powders are made from roasted peanuts and are free from additives and preservatives.
  • Peanut-Based Spreads with Unique Flavors: Many companies are introducing peanut-based spreads with unique flavors such as honey, chocolate, and cinnamon to cater to the changing tastes of consumers.
  • Peanut-Based Milk Alternatives: Peanut-based milk alternatives are gaining popularity among consumers who are lactose intolerant or follow a vegan diet. These milk alternatives are made from roasted peanuts and are free from dairy and other animal products.
  • Peanut-Based Energy Bars: Peanut-based energy bars are gaining popularity among athletes and fitness enthusiasts due to their high protein content and energy-boosting properties. These bars are made from natural ingredients and are free from preservatives and artificial flavors.

NAICS Code 424590-11 - Peanut Products (Wholesale)

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