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NAICS Code 445250-05 Description (8-Digit)

Shrimp (Retail) is a subdivision of the Fish and Seafood Retailers industry that specializes in the retail sale of fresh, frozen, and canned shrimp to consumers. This industry involves the purchase of shrimp from wholesalers or directly from shrimp farms, and the sale of these products to individual customers through various retail channels such as supermarkets, grocery stores, fish markets, and online platforms. Shrimp (Retail) businesses may also offer value-added services such as cleaning, deveining, and cooking shrimp to meet the specific needs of their customers.

Hierarchy Navigation for NAICS Code 445250-05

Parent Code (less specific)

Tools

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

  • Shrimp deveiner
  • Shrimp peeler
  • Shrimp cleaner
  • Shrimp cooker
  • Shrimp griller
  • Shrimp steamer
  • Shrimp cutter
  • Shrimp cracker
  • Shrimp fork
  • Shrimp pick

Industry Examples of Shrimp (Retail)

Common products and services typical of NAICS Code 445250-05, illustrating the main business activities and contributions to the market.

  • Fresh shrimp
  • Frozen shrimp
  • Canned shrimp
  • Cooked shrimp
  • Peeled shrimp
  • Deveined shrimp
  • Jumbo shrimp
  • Gulf shrimp
  • White shrimp
  • Brown shrimp

Certifications, Compliance and Licenses for NAICS Code 445250-05 - Shrimp (Retail)

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 seafood retailers in the US. It identifies potential hazards in the food production process and outlines steps to prevent them. The US Food and Drug Administration (FDA) provides guidance on HACCP implementation for seafood retailers.
  • Seafood Import Monitoring Program (SIMP): SIMP is a US regulatory program that requires importers to provide information on the origin, species, and harvest location of imported seafood products. It aims to prevent illegal, unreported, and unregulated fishing practices. The National Oceanic and Atmospheric Administration (NOAA) Fisheries provides guidance on SIMP compliance for seafood retailers.
  • National Organic Program (NOP) Certification: NOP certification is required for seafood retailers who want to sell organic shrimp. It ensures that the shrimp are produced using organic farming practices and meet USDA organic standards. The USDA Agricultural Marketing Service provides guidance on NOP certification for seafood retailers.
  • Marine Stewardship Council (MSC) Certification: MSC certification is a voluntary program that verifies that seafood products are sustainably sourced and meet environmental standards. It is recognized globally and can help seafood retailers differentiate their products in the market. The MSC provides guidance on MSC certification for seafood retailers.
  • Best Aquaculture Practices (BAP) Certification: BAP certification is a voluntary program that verifies that seafood products are produced using responsible aquaculture practices. It covers environmental, social, and animal welfare standards. The Global Aquaculture Alliance provides guidance on BAP certification for seafood retailers.

History

A concise historical narrative of NAICS Code 445250-05 covering global milestones and recent developments within the United States.

  • The "Shrimp (Retail)" industry has a long and rich history worldwide. Shrimp has been a popular food item for centuries, with evidence of shrimp consumption dating back to ancient civilizations such as the Greeks and Romans. In the 20th century, advancements in transportation and refrigeration technology allowed for the widespread distribution of shrimp, leading to increased demand and growth in the industry. In recent years, the industry has faced challenges such as disease outbreaks and environmental concerns, but has continued to adapt and innovate to meet consumer demand. In the United States, the "Shrimp (Retail)" industry has seen significant growth in recent decades. According to the National Oceanic and Atmospheric Administration (NOAA), the United States is the world's largest importer of shrimp, with retail sales of shrimp reaching over $6 billion in 2019. The industry has also faced challenges such as competition from imported shrimp and concerns over sustainability, leading to increased efforts to promote domestic shrimp production and responsible sourcing practices. Overall, the "Shrimp (Retail)" industry has a rich history and continues to evolve to meet changing consumer demands and industry challenges.

Future Outlook for Shrimp (Retail)

The anticipated future trajectory of the NAICS 445250-05 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The future outlook for the Shrimp (Retail) industry in the USA is positive. The industry is expected to grow due to the increasing demand for seafood and the health benefits associated with shrimp consumption. The industry is also expected to benefit from the growing trend of consumers preferring to cook at home, as shrimp is a popular ingredient in many dishes. Additionally, the industry is expected to benefit from the increasing popularity of online grocery shopping, which makes it easier for consumers to purchase shrimp. However, the industry may face challenges such as rising prices due to supply chain disruptions and competition from other seafood products. Overall, the industry is expected to experience steady growth in the coming years.

Industry Innovations for NAICS Code 445250-05

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

  • Sustainable Shrimp Farming: Many companies in the Shrimp (Retail) industry are adopting sustainable shrimp farming practices to reduce their environmental impact and meet consumer demand for sustainable products.
  • New Product Development: Companies are developing new shrimp products such as value-added shrimp products, ready-to-eat shrimp meals, and shrimp-based snacks to cater to changing consumer preferences.
  • Online Sales: The industry is increasingly adopting online sales channels to reach a wider customer base and provide convenient shopping options for consumers.
  • Traceability and Transparency: Many companies are implementing traceability and transparency measures to ensure that their shrimp products are ethically sourced and meet quality standards.
  • Health and Wellness: The industry is focusing on promoting the health benefits of shrimp consumption, such as its high protein content and low fat content, to attract health-conscious consumers.

NAICS Code 445250-05 - Shrimp (Retail)

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