NAICS Code 445298-04 - Coconut Products (Retail)
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NAICS Code 445298-04 Description (8-Digit)
Hierarchy Navigation for NAICS Code 445298-04
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Tools
Tools commonly used in the Coconut Products (Retail) industry for day-to-day tasks and operations.
- Coconut grater
- Coconut opener
- Coconut scraper
- Coconut milk extractor
- Coconut oil press
- Coconut flour sieve
- Coconut sugar grinder
- Coconut shell charcoal maker
- Coconut shell jewelry cutter
- Coconut shell birdhouse maker
Industry Examples of Coconut Products (Retail)
Common products and services typical of NAICS Code 445298-04, illustrating the main business activities and contributions to the market.
- Coconut oil
- Coconut milk
- Coconut water
- Coconut flour
- Coconut sugar
- Coconut chips
- Coconut butter
- Coconut cream
- Coconut vinegar
- Coconut aminos
Certifications, Compliance and Licenses for NAICS Code 445298-04 - Coconut Products (Retail)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- USDA Organic Certification: This certification is required for any product that is labeled as organic. It ensures that the product has been produced and processed according to USDA organic regulations. The certification is provided by the USDA National Organic Program.
- Fair Trade Certification: This certification ensures that the product has been produced and traded in an ethical and sustainable manner. It is provided by Fair Trade USA.
- Non-GMO Project Verification: This verification ensures that the product does not contain genetically modified organisms (GMOs). It is provided by the Non-GMO Project.
- Gluten-Free Certification: This certification ensures that the product does not contain gluten. It is provided by the Gluten-Free Certification Organization.
- Kosher Certification: This certification ensures that the product meets Jewish dietary laws. It is provided by various kosher certification agencies such as the Orthodox Union.
History
A concise historical narrative of NAICS Code 445298-04 covering global milestones and recent developments within the United States.
- The coconut has been used for centuries in many cultures worldwide, and its products have been used for various purposes, including food, medicine, and cosmetics. In the United States, coconut products have been gaining popularity in recent years due to their perceived health benefits. Coconut water, for example, has become a popular alternative to sports drinks due to its natural electrolytes. Coconut oil has also gained popularity as a healthier alternative to other cooking oils. The demand for coconut products has led to the development of new products, such as coconut milk, coconut flour, and coconut sugar. The industry has also seen advancements in processing technology, which has made it easier to extract coconut oil and other products from the coconut. Overall, the coconut products industry has a rich history and continues to evolve to meet the changing needs of consumers.
Future Outlook for Coconut Products (Retail)
The anticipated future trajectory of the NAICS 445298-04 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Growing
The coconut products retail industry in the USA is expected to experience steady growth in the coming years. The increasing popularity of coconut-based products, such as coconut water, coconut oil, and coconut milk, is driving demand for these products. Additionally, the growing awareness of the health benefits of coconut products is also contributing to the industry's growth. The industry is also expected to benefit from the rising demand for natural and organic products. However, the industry may face challenges such as increasing competition from other plant-based products and the availability of substitutes. Overall, the industry is expected to continue to grow in the coming years, driven by increasing consumer demand for healthy and natural products.
Industry Innovations for NAICS Code 445298-04
Recent groundbreaking advancements and milestones in the Coconut Products (Retail) industry, reflecting notable innovations that have reshaped its landscape.
- Coconut-Based Snacks: Companies are introducing innovative coconut-based snacks, such as coconut chips, popcorn, and crackers, to cater to the growing demand for healthy and natural snacks.
- Coconut-Based Ice Cream: Coconut-based ice cream is gaining popularity as a dairy-free and vegan alternative to traditional ice cream.
- Coconut-Based Yogurt: Coconut-based yogurt is becoming a popular alternative to dairy-based yogurt, especially among consumers who are lactose intolerant or follow a vegan diet.
- Coconut-Based Beverages: Companies are introducing new coconut-based beverages, such as coconut water with added flavors and carbonated coconut water, to cater to the growing demand for healthy and natural drinks.
- Coconut-Based Personal Care Products: Coconut oil is a popular ingredient in personal care products such as shampoo, conditioner, and body lotion. Companies are introducing new products that use coconut oil as the main ingredient to cater to the growing demand for natural and organic personal care products.
NAICS Code 445298-04 - Coconut Products (Retail)
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