NAICS Code 424990-51 - Herbs (Wholesale)
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NAICS Code 424990-51 Description (8-Digit)
Hierarchy Navigation for NAICS Code 424990-51
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Tools
Tools commonly used in the Herbs (Wholesale) industry for day-to-day tasks and operations.
- Herb grinders
- Drying racks
- Dehydrators
- Scales
- Packaging equipment
- Extraction equipment
- Labeling machines
- Storage containers
- Cleaning supplies
- Transportation vehicles
Industry Examples of Herbs (Wholesale)
Common products and services typical of NAICS Code 424990-51, illustrating the main business activities and contributions to the market.
- Medicinal herbs
- Culinary herbs
- Aromatic herbs
- Herbal teas
- Herbal supplements
- Herbal extracts
- Herbal cosmetics
- Herbal tinctures
- Herbal oils
- Herbal incense
Certifications, Compliance and Licenses for NAICS Code 424990-51 - Herbs (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 Agricultural Marketing Service provides GAP certification.
- Good Manufacturing Practices (GMP): GMP is a system for ensuring that products are consistently produced and controlled according to quality standards. The FDA provides GMP 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 products have been grown and processed according to strict federal guidelines on soil quality, animal raising practices, pest and weed control, and use of additives. The USDA National Organic Program provides organic certification.
- United States Pharmacopeia (USP) Verification: USP Verification is a voluntary program that provides independent verification that dietary supplement products meet specific standards for quality, purity, and potency. The USP provides USP Verification.
History
A concise historical narrative of NAICS Code 424990-51 covering global milestones and recent developments within the United States.
- The use of herbs for medicinal and culinary purposes dates back to ancient times, with evidence of their use found in Egyptian and Chinese cultures. The wholesale herb industry has been around for centuries, with herbs being traded along the Silk Road and other trade routes. In the United States, the herb industry began to take off in the 1960s and 1970s with the rise of the natural health movement. This led to an increased demand for herbs and herbal supplements, which continues to this day. In recent years, the industry has also seen a growing interest in organic and locally sourced herbs, as well as a focus on sustainable and ethical sourcing practices.
Future Outlook for Herbs (Wholesale)
The anticipated future trajectory of the NAICS 424990-51 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 Herbs (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for natural and organic products. The growing awareness of the health benefits of herbs is driving the demand for herbal products. The industry is also expected to benefit from the increasing popularity of alternative medicine. The rising demand for herbal supplements, teas, and other products is expected to drive the growth of the industry. The industry is also expected to benefit from the increasing use of herbs in the food and beverage industry. The growing demand for natural and organic food products is driving the demand for herbs in the food and beverage industry. Overall, the Herbs (Wholesale) industry is expected to experience steady growth in the coming years.
Industry Innovations for NAICS Code 424990-51
Recent groundbreaking advancements and milestones in the Herbs (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Vertical Farming: The use of vertical farming techniques is allowing herb growers to produce more herbs in a smaller space. This technology is helping to increase the efficiency of herb production and reduce the environmental impact of herb farming.
- Organic Certification: Many herb growers are seeking organic certification for their products. This certification is helping to increase the demand for organic herbs and is allowing growers to charge a premium for their products.
- New Product Development: Many herb wholesalers are developing new products to meet the changing needs of consumers. For example, some wholesalers are developing herbal supplements that are specifically designed to address certain health conditions.
- Online Sales: Many herb wholesalers are now selling their products online. This is allowing them to reach a wider audience and is helping to increase sales.
- Sustainable Packaging: Many herb wholesalers are now using sustainable packaging materials. This is helping to reduce the environmental impact of the industry and is appealing to environmentally conscious consumers.
NAICS Code 424990-51 - Herbs (Wholesale)
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