Major Group SIC 20 - Food And Kindred Products

SIC 20 - Food And Kindred Products

SIC 20 - Food And Kindred Products
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs

This major group includes establishments manufacturing or processing foods and beverages for human consumption, and certain related products, such as manufactured ice, chewing gum, vegetable and animal fats and oils, and prepared feeds for animals and fowls. Products described as dietetic are classified in the same manner as non-dietetic products (e.g., as candy, canned fruits, cookies). Chemical sweeteners are classified in Major Group 28.

Industry trends:

The Food and Kindred Products industry (NAICS 20) is experiencing several key qualitative trends that are shaping its future development. Health and wellness continue to dominate consumer preferences, driving demand for organic, plant-based, and clean-label products. This is influencing manufacturers to invest in innovative formulations and sustainable production methods. Additionally, there is a growing emphasis on transparency and traceability, encouraging companies to adopt blockchain technologies for enhanced supply chain visibility.

Technological advancements, such as AI and big data analytics, are becoming crucial in optimizing operations, from farm to table. This tech integration aids in predictive inventory management, personalized nutrition, and improved food safety protocols. Sustainability remains a significant trend, with an increasing focus on reducing food waste, lowering carbon footprints, and adopting environmentally friendly packaging solutions.

Forecasts for the near future suggest a persistent shift towards direct-to-consumer models, bolstered by the rise of e-commerce platforms. Consumers’ inclination for convenience and customization will likely spur further developments in ready-to-eat and meal kit offerings. Additionally, the demand for alternative proteins, including lab-grown meats and insect-based products, is expected to rise, backed by advancements in food science and changing dietary habits.

Overall, the Food and Kindred Products industry is set to experience continuous growth driven by health-oriented innovations, technological integration, and sustainability efforts. Companies that can adapt to these dynamic trends will likely secure a competitive edge in the market.

This industry is comprised of:

SIC 201 - Food And Kindred Products

SIC 202 - Dairy Products

SIC 203 - Canned, Frozen, and Preserved Fruits, Vegetables, and Food Specialties

SIC 204 - Grain Mill Products

SIC 205 - Bakery Products

SIC 206 - Sugar And Confectionery Products

SIC 207 - Fats And Oils

SIC 208 - Beverages

SIC 209 - Miscellaneous Food Preparations and Kindred Products

Explore related industries:

SIC 21 - Tobacco Products SIC 28 - Chemicals And Allied Products SIC 54 - Food Stores

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