NAICS Code 445298-05 - Coffee & Tea (Retail)
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NAICS Code 445298-05 Description (8-Digit)
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Tools
Tools commonly used in the Coffee & Tea (Retail) industry for day-to-day tasks and operations.
- Espresso machines
- Coffee grinders
- Tea infusers
- Milk frothers
- Coffee and tea filters
- Coffee and tea presses
- Coffee and tea thermometers
- Coffee and tea scales
- Coffee and tea timers
- Coffee and tea storage containers
Industry Examples of Coffee & Tea (Retail)
Common products and services typical of NAICS Code 445298-05, illustrating the main business activities and contributions to the market.
- Coffee shops
- Tea shops
- Cafes
- Online retailers
- Specialty coffee shops
- Specialty tea shops
- Coffee and tea kiosks
- Coffee and tea carts
- Coffee and tea stands
- Coffee and tea vending machines
Certifications, Compliance and Licenses for NAICS Code 445298-05 - Coffee & Tea (Retail)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Food Handler Certification: This certification is required for all employees who handle food in the industry. It ensures that employees understand the basics of food safety and sanitation. The certification is provided by the National Restaurant Association and can be obtained through their website.
- Servsafe Certification: This certification is required for managers and supervisors in the industry. It ensures that they have a deeper understanding of food safety and sanitation. The certification is provided by the National Restaurant Association and can be obtained through their website.
- Occupational Safety and Health Administration (OSHA) Certification: This certification is required for all employees who work with hazardous materials, such as cleaning chemicals. It ensures that employees understand how to handle these materials safely. The certification is provided by OSHA and can be obtained through their website.
- Fair Trade Certification: This certification ensures that the coffee and tea products sold in the industry are produced in an ethical and sustainable manner. It is provided by Fair Trade USA and can be obtained through their website.
- Rainforest Alliance Certification: This certification ensures that the coffee and tea products sold in the industry are produced in an environmentally and socially responsible manner. It is provided by the Rainforest Alliance and can be obtained through their website.
History
A concise historical narrative of NAICS Code 445298-05 covering global milestones and recent developments within the United States.
- The history of the coffee and tea industry dates back to the 9th century when the first coffee plant was discovered in Ethiopia. Coffeehouses became popular in the Middle East in the 16th century, and by the 17th century, they had spread to Europe. The first coffeehouse in England opened in 1652, and by the 18th century, coffeehouses had become centers of social and political activity. The tea industry has a similar history, with tea being discovered in China in the 3rd century BC and becoming popular in Europe in the 17th century. In the United States, coffeehouses became popular in the 1960s and 1970s, with the rise of the counterculture movement. Starbucks, the largest coffeehouse chain in the world, was founded in Seattle in 1971. In recent years, the coffee and tea industry has seen a rise in specialty coffee and tea shops, with a focus on high-quality, artisanal products.
Future Outlook for Coffee & Tea (Retail)
The anticipated future trajectory of the NAICS 445298-05 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 coffee and tea retail industry in the USA is expected to continue its growth trajectory in the coming years. The industry is projected to grow at a CAGR of 3.7% from 2021 to 2026. The growth is attributed to the increasing demand for specialty coffee and tea, the rise of coffee culture, and the growing number of coffee shops and cafes. The industry is also expected to benefit from the increasing health consciousness among consumers, which is driving the demand for organic and natural products. The COVID-19 pandemic has also accelerated the shift towards online sales, and the industry is expected to continue to benefit from this trend in the future. However, the industry is also facing challenges such as rising competition, changing consumer preferences, and supply chain disruptions. Overall, the coffee and tea retail industry in the USA is expected to remain a lucrative market for investors and businesses in the coming years.
Industry Innovations for NAICS Code 445298-05
Recent groundbreaking advancements and milestones in the Coffee & Tea (Retail) industry, reflecting notable innovations that have reshaped its landscape.
- Nitro Cold Brew: Nitro cold brew is a recent innovation in the coffee industry that involves infusing cold brew coffee with nitrogen gas, which gives it a creamy texture and a frothy head, similar to a pint of Guinness. This innovation has become increasingly popular in coffee shops and cafes across the USA.
- Specialty Tea Blends: Specialty tea blends are becoming increasingly popular among consumers who are looking for unique and exotic flavors. Tea shops and cafes are offering a wide range of specialty tea blends, such as matcha, chai, and herbal teas, to cater to this growing demand.
- Sustainable Coffee Sourcing: Many coffee shops and cafes are now sourcing their coffee beans from sustainable and ethical sources. This trend is driven by the increasing awareness among consumers about the environmental and social impact of coffee production.
- Online Ordering and Delivery: The COVID-19 pandemic has accelerated the shift towards online ordering and delivery in the coffee and tea retail industry. Many coffee shops and cafes are now offering online ordering and delivery services to cater to the changing consumer preferences.
- Cold Brew Coffee: Cold brew coffee is a recent innovation that involves steeping coffee grounds in cold water for an extended period, which results in a smoother and less acidic coffee. This innovation has become increasingly popular in the USA, especially during the summer months.
NAICS Code 445298-05 - Coffee & Tea (Retail)
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