NAICS Code 445298-26 - Soyfoods (Retail)
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NAICS Code 445298-26 Description (8-Digit)
Hierarchy Navigation for NAICS Code 445298-26
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Tools
Tools commonly used in the Soyfoods (Retail) industry for day-to-day tasks and operations.
- Soy milk makers
- Tofu presses
- Soy yogurt makers
- Soy cheese molds
- Soy-based meat substitute machines
- Soybean grinders
- Soy milk frothers
- Soy sauce dispensers
- Soy-based ice cream makers
- Soy protein powder mixers
Industry Examples of Soyfoods (Retail)
Common products and services typical of NAICS Code 445298-26, illustrating the main business activities and contributions to the market.
- Tofu
- Soy milk
- Soy cheese
- Soy yogurt
- Soy-based meat substitutes
- Soy-based ice cream
- Soy protein powder
- Soy nuts
- Soy flour
- Soy sauce
Certifications, Compliance and Licenses for NAICS Code 445298-26 - Soyfoods (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 soyfoods that are labeled as organic. It ensures that the soybeans used in the product are grown without the use of synthetic fertilizers, pesticides, or genetically modified organisms (GMOs). The certification is provided by the United States Department of Agriculture (USDA).
- Non-GMO Project Verification: This verification is required for soyfoods that are labeled as non-GMO. It ensures that the soybeans used in the product are not genetically modified. The verification is provided by the Non-GMO Project.
- Gluten-Free Certification: This certification is required for soyfoods that are labeled as gluten-free. It ensures that the product does not contain any gluten, which is important for people with celiac disease or gluten sensitivity. The certification is provided by the Gluten-Free Certification Organization (GFCO).
- Kosher Certification: This certification is required for soyfoods that are labeled as kosher. It ensures that the product meets the dietary requirements of Jewish law. The certification is provided by various kosher certification agencies, such as the Orthodox Union (OU).
- Halal Certification: This certification is required for soyfoods that are labeled as halal. It ensures that the product meets the dietary requirements of Islamic law. The certification is provided by various halal certification agencies, such as the Islamic Food and Nutrition Council of America (IFANCA).
History
A concise historical narrative of NAICS Code 445298-26 covering global milestones and recent developments within the United States.
- The soybean has been cultivated in China for over 5,000 years and has been used as a food source for centuries. The first soyfoods were introduced to the United States in the early 1900s, but it wasn't until the 1960s and 1970s that soyfoods began to gain popularity in the US. During this time, the health benefits of soyfoods were discovered, and the industry began to grow rapidly. In recent years, the soyfoods industry has faced challenges due to concerns about genetically modified soybeans and the environmental impact of soybean cultivation. However, the industry has continued to innovate and develop new products, such as plant-based meat alternatives, to meet the changing demands of consumers.
Future Outlook for Soyfoods (Retail)
The anticipated future trajectory of the NAICS 445298-26 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 future outlook for the Soyfoods (Retail) industry in the USA is positive. The industry is expected to grow due to the increasing demand for plant-based protein products and the growing awareness of the health benefits of soy-based products. The industry is also expected to benefit from the trend of consumers seeking out alternative sources of protein. Additionally, the industry is expected to benefit from the increasing popularity of vegan and vegetarian diets. However, the industry may face challenges due to the increasing competition from other plant-based protein products and the fluctuating prices of soybeans. Overall, the Soyfoods (Retail) industry is expected to experience steady growth in the coming years.
Industry Innovations for NAICS Code 445298-26
Recent groundbreaking advancements and milestones in the Soyfoods (Retail) industry, reflecting notable innovations that have reshaped its landscape.
- Soy-Based Meat Alternatives: Many companies are now producing soy-based meat alternatives that mimic the taste and texture of meat. These products are becoming increasingly popular among consumers who are looking for plant-based protein options.
- Soy-Based Dairy Alternatives: Soy-based dairy alternatives, such as soy milk and soy-based cheese, are becoming more popular among consumers who are looking for dairy-free options.
- Soy-Based Snacks: Many companies are now producing soy-based snacks, such as soy-based chips and soy-based protein bars, that are marketed as healthy alternatives to traditional snacks.
- Soy-Based Condiments: Soy-based condiments, such as soy sauce and soy-based salad dressings, are becoming more popular among consumers who are looking for healthier alternatives to traditional condiments.
- Soy-Based Desserts: Many companies are now producing soy-based desserts, such as soy-based ice cream and soy-based pudding, that are marketed as healthier alternatives to traditional desserts.
NAICS Code 445298-26 - Soyfoods (Retail)
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