NAICS Code 424690-44 - Gums (Wholesale)
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NAICS Code 424690-44 Description (8-Digit)
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Tools
Tools commonly used in the Gums (Wholesale) industry for day-to-day tasks and operations.
- Gum arabic powder
- Guar gum powder
- Xanthan gum powder
- Agar agar powder
- Carrageenan powder
- Locust bean gum powder
- Pectin powder
- Sodium alginate powder
- Tara gum powder
- Gellan gum powder
Industry Examples of Gums (Wholesale)
Common products and services typical of NAICS Code 424690-44, illustrating the main business activities and contributions to the market.
- Food thickeners
- Beverage stabilizers
- Pharmaceutical binders
- Cosmetics thickeners
- Textile sizing agents
- Emulsifiers
- Hydrocolloids
- Natural gums
- Synthetic gums
- Gum blends
Certifications, Compliance and Licenses for NAICS Code 424690-44 - Gums (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Good Manufacturing Practice (GMP): GMP is a set of guidelines that ensure that products are consistently produced and controlled according to quality standards. The Food and Drug Administration (FDA) provides GMP certification for the food and drug industry, including the gum wholesale industry.
- Hazard Analysis and Critical Control Points (HACCP): HACCP is a food safety management system that identifies and prevents hazards in the food production process. The International HACCP Alliance provides certification for HACCP compliance.
- Safe Quality Food (SQF): SQF is a food safety management system that ensures that food products meet quality and safety standards. The Safe Quality Food Institute provides certification for SQF compliance.
- Organic Certification: Organic certification ensures that products are produced using organic farming practices and meet organic standards. The USDA provides organic certification for the food industry, including the gum wholesale industry.
- Kosher Certification: Kosher certification ensures that products meet Jewish dietary laws. The Orthodox Union provides kosher certification for the food industry, including the gum wholesale industry.
History
A concise historical narrative of NAICS Code 424690-44 covering global milestones and recent developments within the United States.
- The "Gums (Wholesale)" industry has a long history dating back to ancient times when gums were used for medicinal and culinary purposes. The ancient Egyptians used gum arabic as a binder for pigments in their paintings, while the Greeks and Romans used it as a medicine. In the 19th century, gum arabic became a popular ingredient in the food industry, and its demand increased significantly. The industry continued to grow in the 20th century, with the development of new gums and their applications in various industries such as pharmaceuticals, textiles, and paper. In recent years, the industry has seen a shift towards natural and organic gums, driven by the increasing demand for clean label products. In the United States, the "Gums (Wholesale)" industry has a relatively short history compared to other countries. The industry started to develop in the early 20th century, with the establishment of companies such as Hercules Inc. and American Viscose Corporation. These companies focused on the production of synthetic gums such as cellulose and rayon. In the 1950s, the industry saw a significant shift towards natural gums such as gum arabic, driven by the increasing demand for natural and organic products. The industry continued to grow in the following decades, with the development of new gums and their applications in various industries such as food, pharmaceuticals, and cosmetics. Today, the industry is characterized by a high degree of innovation and competition, with companies constantly developing new products and applications to meet the changing needs of consumers.
Future Outlook for Gums (Wholesale)
The anticipated future trajectory of the NAICS 424690-44 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 future outlook for the Gums (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for natural and organic products. The growing awareness among consumers about the health benefits of natural gums is driving the demand for these products. The industry is also expected to benefit from the increasing use of gums in the food and beverage industry as a thickening and stabilizing agent. The rising demand for convenience foods and ready-to-eat meals is also expected to drive the growth of the industry. However, the industry may face challenges due to the fluctuating prices of raw materials and the increasing competition from substitute products. Overall, the Gums (Wholesale) industry is expected to grow steadily in the coming years.
Industry Innovations for NAICS Code 424690-44
Recent groundbreaking advancements and milestones in the Gums (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Introduction Of New Natural Gums: The industry has witnessed the introduction of new natural gums such as chia seed gum, flaxseed gum, and quinoa gum. These gums are gaining popularity due to their health benefits and are being used as a substitute for synthetic gums.
- Development Of New Applications: The industry is developing new applications for gums in the food and beverage industry. For example, gums are being used as a fat replacer in low-fat foods and as a stabilizer in dairy products.
- Increasing Use Of Gums In the Pharmaceutical Industry: Gums are being increasingly used in the pharmaceutical industry as a binder, disintegrant, and thickener. This is driving the demand for gums in the industry.
- Growing Demand for Organic Gums: The demand for organic gums is increasing due to the rising awareness among consumers about the health benefits of organic products. This is driving the growth of the organic gums segment in the industry.
- Expansion Of Distribution Channels: The industry is expanding its distribution channels to reach a wider customer base. The use of e-commerce platforms and online marketplaces is becoming increasingly popular in the industry.
NAICS Code 424690-44 - Gums (Wholesale)
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