Employment
25,339
Total employees (Census CBP)
Manufacturing ·NAICS 311942
NAICS 311942 · IRS SOI 2023 · Census CBP
Spice and Extract Manufacturing - Industry Benchmarks
$74,455/yr average annual pay, with 53 SBA loans on record for NAICS 311942.
- 6.7%
- Manufacturing sector margin
- 25K
- Workers employed
- $74,455/yr
- Avg payroll / employee
- $28M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 311942
Illinois leads Spice and Extract Manufacturing activity nationally. IRS SOI doesn't publish margin data at this NAICS level, but the broader Manufacturing sector runs a 6.7% net margin.
- 6.7%
- Manufacturing sector margin (IRS SOI)
- 25K
- Workers employed (Census CBP)
- $74,455/yr
- Avg payroll / employee
- $28M
- SBA lending, FY20–26
Benchmarking Insights for Spice and Extract Manufacturing
Spice and Extract Manufacturing sits inside Manufacturing, a sector that runs a 6.7% net margin overall.
473 establishments employ 25,339 workers (53.6/location) at $74,455/yr average annual pay. Illinois leads employment, followed by Wisconsin and Texas.
Avg Payroll / Employee
$74,455/yr
Annual compensation
Establishments
473
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment increased by 2,211; establishment count increased by 2. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Workforce scale
Financial Detail
- Annual Payroll (Total)
- $1.9B
- Avg Employees per Establishment
- 53.6
Top States by Employment
| State | Employment |
|---|---|
| Illinois | 3,796 |
| Wisconsin | 1,726 |
| Texas | 1,455 |
| Missouri | 1,272 |
| New Jersey | 1,105 |
| Louisiana | 590 |
| New York | 528 |
| Washington | 379 |
| Colorado | 282 |
| Tennessee | 89 |
Showing top 10 of 37 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
53
Total Loan Volume
$28M
Avg Loan Size
$529K
Jobs Supported
345
Program Breakdown
7(a) 46 (87%)
504 7 (13%)
Top SBA Lender
Wells Fargo Bank National Association
5 loans in this industry
New Business Share
34.0% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 10
2021 12
2022 9
2023 6
2024 8
2025 7
2026 1
Frequently Asked Questions
How profitable is Spice and Extract Manufacturing?
IRS SOI doesn't publish margin data at the NAICS 311942 level. Illinois leads this industry nationally. The broader Manufacturing sector runs a 6.7% net margin (IRS SOI 2023).
How many businesses are in Spice and Extract Manufacturing?
473 business establishments. Together they employ 25,339 workers.
What is the average payroll per employee in Spice and Extract Manufacturing?
$74,455/yr average annual pay per employee. Businesses average 53.6 employees per establishment.
Which states have the most Spice and Extract Manufacturing employment?
Illinois leads with 3,796 workers. Wisconsin (1,726) and Texas (1,455) round out the top three.
How much SBA lending does Spice and Extract Manufacturing receive?
Spice and Extract Manufacturing businesses received 53 SBA loans totaling $28 million between FY2020 and FY2026. The average loan size was $529K. These loans supported 345 jobs at origination. Most lending (87%) came through the SBA 7(a) program.
Comparable industry benchmarks
These links are calculated from the current national dataset. They are comparison paths, not recommendations or evidence that businesses operate alike.
How this ranks: Its Census employment total exceeds 37% of that same 801-industry cohort. Calculated by ranking this industry's reported value against every other industry at the same NAICS digit-level, not the whole dataset: comparing a 6-digit detail industry to a 2-digit sector would mix incompatible scales.
Closest workforce scale
Same NAICS detail level, ordered by the smallest difference in reported Census employment.
Benchmarking Spice and Extract Manufacturing
- No margin data, check the parent industry. Browse Manufacturing
- 473 establishments, 25,339 workers. Payroll benchmarks
- 53 SBA loans on record. SBA lending rankings
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.
Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023
NAICS 311942 · Data year: 2023
According to the U.S. Census Bureau, which released its 2023 County Business Patterns dataset in June 2025, PlainBizBench benchmarks 2,002 U.S. industries against Internal Revenue Service Statistics of Income data. See our methodology for the full compilation process.
Read our methodology - how this data is sourced, computed, and verified.
Source: U.S. Census Bureau, County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2023
Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates profit-margin, payroll, entity-type, and SBA-lending benchmarks for this industry, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.