NAICS Code 445298-20 - Mexican & Latin American Food Products (Retail)

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NAICS Code 445298-20 Description (8-Digit)

Mexican & Latin American Food Products (Retail) is a specialized industry that involves the retail sale of food products originating from Mexico and Latin America. This industry includes a wide range of products such as spices, sauces, snacks, and beverages that are commonly used in Latin American cuisine. The products sold in this industry are often imported from Latin American countries and are known for their unique flavors and ingredients. Mexican & Latin American Food Products (Retail) stores are typically small specialty shops that cater to a specific demographic of customers who are interested in Latin American cuisine.

Hierarchy Navigation for NAICS Code 445298-20

Tools

Tools commonly used in the Mexican & Latin American Food Products (Retail) industry for day-to-day tasks and operations.

  • Molcajete (mortar and pestle made from volcanic rock)
  • Comal (flat griddle used for cooking tortillas)
  • Tamale steamer
  • Tortilla press
  • Masa harina (corn flour used for making tortillas)
  • Achiote paste (used for seasoning meats and rice)
  • Cilantro stripper (tool for removing cilantro leaves from stems)
  • Lime squeezer
  • Avocado slicer
  • Chipotle peppers in adobo sauce

Industry Examples of Mexican & Latin American Food Products (Retail)

Common products and services typical of NAICS Code 445298-20, illustrating the main business activities and contributions to the market.

  • Salsa verde
  • Tostadas
  • Horchata
  • Mole sauce
  • Queso fresco
  • Churros
  • Empanadas
  • Guacamole
  • Plantain chips
  • Jarritos soda

Certifications, Compliance and Licenses for NAICS Code 445298-20 - Mexican & Latin American Food 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 food product that is labeled as organic. It ensures that the product has been produced, processed, and certified to meet USDA organic standards. The certification is provided by the USDA National Organic Program.
  • Safe Quality Food (SQF) Certification: This certification is a food safety management system that ensures that the food products are safe for consumption. It is provided by the Safe Quality Food Institute.
  • Hazard Analysis and Critical Control Points (HACCP) Certification: This certification is a food safety management system that identifies and prevents hazards in the food production process. It is provided by the International HACCP Alliance.
  • Food Safety Modernization Act (FSMA) Compliance: This regulation ensures that the food products are safe for consumption and are produced in a sanitary environment. It is enforced by the FDA.
  • Good Manufacturing Practices (GMP) Certification: This certification ensures that the food products are produced in a consistent and controlled manner. It is provided by the NSF International.

History

A concise historical narrative of NAICS Code 445298-20 covering global milestones and recent developments within the United States.

  • The Mexican & Latin American Food Products (Retail) industry has a rich history that dates back to the early 1900s. The industry has been shaped by the migration of Latin Americans to the United States, which has led to the growth of Latin American communities and the demand for authentic Latin American food products. In the 1920s, Mexican food became popular in the United States, and by the 1950s, Mexican restaurants were opening across the country. In the 1980s, the popularity of Latin American food products grew, and supermarkets began to stock more Latin American food products. In recent years, the industry has continued to grow, with more consumers seeking out authentic Latin American food products. In the United States, the Mexican & Latin American Food Products (Retail) industry has experienced significant growth in recent years. The industry has been driven by the growing Hispanic population in the United States, which has led to an increase in demand for authentic Latin American food products. In addition, the popularity of Latin American cuisine has grown in the United States, with more consumers seeking out authentic Latin American food products. The industry has also been shaped by the growth of e-commerce, which has made it easier for consumers to purchase Latin American food products online. Overall, the Mexican & Latin American Food Products (Retail) industry has a bright future in the United States, with continued growth expected in the coming years.

Future Outlook for Mexican & Latin American Food Products (Retail)

The anticipated future trajectory of the NAICS 445298-20 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 Mexican & Latin American Food Products (Retail) industry in the USA is positive. The industry is expected to continue to grow due to the increasing demand for ethnic foods and the growing Hispanic population in the country. The industry is also expected to benefit from the trend towards healthier eating, as many Latin American foods are considered to be healthy and nutritious. However, the industry may face challenges such as rising food costs and increased competition from other ethnic food retailers. Overall, the industry is expected to continue to grow and thrive in the coming years.

Industry Innovations for NAICS Code 445298-20

Recent groundbreaking advancements and milestones in the Mexican & Latin American Food Products (Retail) industry, reflecting notable innovations that have reshaped its landscape.

  • Online Ordering and Delivery: Many Mexican & Latin American food retailers are now offering online ordering and delivery services, making it easier for customers to purchase their products.
  • Healthier Options: Some retailers are now offering healthier options, such as low-fat and low-sugar products, to cater to the growing demand for healthier foods.
  • Organic and Natural Products: Many retailers are now offering organic and natural products, which are becoming increasingly popular among consumers.
  • New Product Lines: Some retailers are expanding their product lines to include new and innovative products, such as plant-based meat alternatives and gluten-free products.
  • In-Store Experiences: Some retailers are creating in-store experiences, such as cooking classes and tastings, to attract customers and increase sales.

NAICS Code 445298-20 - Mexican & Latin American Food Products (Retail)

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