NAICS Code 424590-12 - Peanuts (Wholesale)

Marketing Level - NAICS 8-Digit

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Looking for more companies? See NAICS 424590 - Other Farm Product Raw Material Merchant Wholesalers - 326 companies, 1,361 emails.

NAICS Code 424590-12 Description (8-Digit)

The Peanuts (Wholesale) industry involves the wholesale distribution of raw peanuts to various buyers such as food manufacturers, grocery stores, and other retailers. This industry is a part of the Other Farm Product Raw Material Merchant Wholesalers subdivision of the NAICS Code 424590. Peanuts are a popular snack food and ingredient in many food products, making this industry an important part of the food supply chain.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 424590 page

Tools

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

  • Peanut shelling machines
  • Sorting machines
  • Cleaning equipment
  • Conveyor belts
  • Packaging machines
  • Weighing scales
  • Forklifts
  • Pallet jacks
  • Storage containers
  • Moisture meters

Industry Examples of Peanuts (Wholesale)

Common products and services typical of NAICS Code 424590-12, illustrating the main business activities and contributions to the market.

  • Peanut butter manufacturers
  • Snack food companies
  • Bakeries
  • Confectionery manufacturers
  • Health food stores
  • Grocery stores
  • Wholesale food distributors
  • Animal feed manufacturers
  • Ethnic food markets
  • Nut roasting companies

History

A concise historical narrative of NAICS Code 424590-12 covering global milestones and recent developments within the United States.

  • The "Peanuts (Wholesale)" industry has a long history dating back to the 19th century when peanuts were first introduced to the United States. The industry has seen significant growth and development over the years, with notable advancements in the production, processing, and distribution of peanuts. In the early 1900s, George Washington Carver, a renowned scientist, developed new uses for peanuts, including peanut butter, which became a popular food item. During World War II, the demand for peanuts increased, and the industry experienced a surge in production. In recent years, the industry has faced challenges due to the increasing competition from other snack foods and the rising concerns over peanut allergies. However, the industry has adapted to these challenges by introducing new products and investing in research and development to improve the quality and safety of peanuts. In the United States, the "Peanuts (Wholesale)" industry has seen significant growth in recent years, driven by the increasing demand for healthy and natural snack foods. The industry has also benefited from the growing popularity of peanut butter and other peanut-based products. In 2019, the industry generated over $1.5 billion in revenue, and it is expected to continue to grow in the coming years. The industry has also faced challenges, including the impact of climate change on peanut production and the increasing concerns over food safety. However, the industry has responded to these challenges by investing in new technologies and sustainable farming practices to ensure the long-term viability of the industry.