NAICS Code 425120-52 - Candy & Confectionery-Brokers (Wholesale)
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NAICS Code 425120-52 Description (8-Digit)
Hierarchy Navigation for NAICS Code 425120-52
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Tools
Tools commonly used in the Candy & Confectionery-Brokers (Wholesale) industry for day-to-day tasks and operations.
- Candy thermometers
- Scales
- Packaging equipment
- Labeling machines
- Confectionery depositors
- Chocolate tempering machines
- Candy wrapping machines
- Airbrushes
- Candy molds
- Candy making kits
Industry Examples of Candy & Confectionery-Brokers (Wholesale)
Common products and services typical of NAICS Code 425120-52, illustrating the main business activities and contributions to the market.
- Gummy bears
- Chocolate bars
- Hard candy
- Lollipops
- Licorice
- Caramel
- Taffy
- Fudge
- Marshmallows
- Jelly beans
Certifications, Compliance and Licenses for NAICS Code 425120-52 - Candy & Confectionery-Brokers (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Safe Quality Food (SQF) Certification: This certification is required for companies that manufacture, process, or handle food products. It ensures that the food products are safe and of high quality. The certification is provided by the Safe Quality Food Institute (SQFI).
- Hazard Analysis and Critical Control Points (HACCP) Certification: This certification is required for companies that handle food products. It ensures that the food products are safe and free from any hazards. The certification is provided by the International HACCP Alliance.
- Good Manufacturing Practices (GMP) Certification: This certification is required for companies that manufacture, process, or handle food products. It ensures that the food products are manufactured in a safe and hygienic environment. The certification is provided by the NSF International.
- Food Safety Modernization Act (FSMA) Compliance: This regulation is required for companies that manufacture, process, pack, or hold food products. It ensures that the food products are safe and free from any hazards. The regulation is enforced by the U.S. Food and Drug Administration (FDA).
- National Confectioners Association (NCA) Certification: This certification is required for companies that manufacture, process, or handle confectionery products. It ensures that the confectionery products are safe and of high quality. The certification is provided by the National Confectioners Association.
History
A concise historical narrative of NAICS Code 425120-52 covering global milestones and recent developments within the United States.
- The history of the Candy & Confectionery-Brokers (Wholesale) industry dates back to the early 20th century when the first candy brokers emerged in the United States. These brokers acted as intermediaries between candy manufacturers and retailers, helping to distribute candy products to a wider audience. In the 1920s, the industry experienced significant growth due to the increasing popularity of candy and confectionery products. During World War II, the industry faced challenges due to sugar rationing, but it rebounded in the post-war period. In recent years, the industry has seen advancements in technology, such as the use of automation in candy production and the development of new flavors and packaging options. In the United States, the Candy & Confectionery-Brokers (Wholesale) industry has experienced steady growth in recent years. According to a report by IBISWorld, the industry has benefited from increased demand for premium and organic candy products, as well as the popularity of candy as a gift item. The industry has also seen growth due to the rise of e-commerce, which has made it easier for candy brokers to reach a wider audience. Overall, the industry is expected to continue growing in the coming years, driven by factors such as changing consumer preferences and the development of new candy products.
Future Outlook for Candy & Confectionery-Brokers (Wholesale)
The anticipated future trajectory of the NAICS 425120-52 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 Candy & Confectionery-Brokers (Wholesale) industry in the USA is expected to experience steady growth in the coming years. The industry is projected to benefit from the increasing demand for confectionery products, driven by the rising population and growing disposable income. Additionally, the industry is expected to benefit from the increasing popularity of online shopping, which is expected to drive demand for wholesale brokers. However, the industry may face challenges such as increasing competition from other wholesale brokers and the rising cost of raw materials. Overall, the industry is expected to experience moderate growth in the coming years.
Industry Innovations for NAICS Code 425120-52
Recent groundbreaking advancements and milestones in the Candy & Confectionery-Brokers (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- The use of blockchain technology to track the supply chain of confectionery products, ensuring transparency and traceability of products from the manufacturer to the end consumer.
- The development of new packaging materials that are more sustainable and eco-friendly, reducing the environmental impact of the industry.
- The introduction of new flavors and varieties of confectionery products, catering to changing consumer preferences and tastes.
- The adoption of automation and robotics in the production and packaging of confectionery products, increasing efficiency and reducing costs.
- The use of data analytics and artificial intelligence to optimize supply chain management and improve forecasting accuracy, reducing waste and increasing profitability.
NAICS Code 425120-52 - Candy & Confectionery-Brokers (Wholesale)
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