Press Release

Dec, 11 2023

Cultivating Tomorrow: Global Cannabis Seeds Unleashing Potential, Sowing Growth, and Nurturing a Flourishing Global Landscape

The global cannabis seeds market involves producing, delivering, and selling seeds for cultivating cannabis plants, catering to both recreational and medicinal purposes. With a rising demand for cannabis products and an increasing trend in home cultivation, these seeds provide diverse strains for growers to choose from based on preferences and desired effects. This market spans cultivation, distribution, and trade globally, with cannabis seeds serving as the fundamental element influencing the quality and characteristics of the final cannabis product.

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Data Bridge Market Research analyses that the Global Cannabis Seeds Market, which was USD 352.76 million in 2022, is expected to reach USD 1,044.47 million by 2030 and is expected to undergo a CAGR of 14.7% during the forecast period. Growing global acceptance and legalization of cannabis for medical and recreational use have fueled a heightened demand for cannabis seeds. Relaxing cannabis laws in various regions creates opportunities for legal cultivation, propelling the market forward.

Key Findings of the Study

Cannabis Seeds Market

Growing demand for medicinal cannabis is expected to drive the market's growth rate

Cannabis, recognized for its therapeutic potential, is increasingly cultivated for medicinal purposes, addressing conditions such as chronic pain, epilepsy, and anxiety. Specific strains are meticulously bred to enhance beneficial compounds such as CBD while minimizing THC levels. This tailored approach meets the growing demand for cannabis seeds with distinct medicinal properties, facilitating the production of medical cannabis. Patients seeking alternative treatments contribute to the surge, highlighting the importance of specialized strains in the evolving landscape of medical marijuana.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Seed Type (Feminized Seeds, Autoflowering Seeds, Regular Seeds), Strain (Indica, Hybrid, Sativa, Ruderalis), Compound (THC Dominant, CBD Dominant, Balanced THC & CBD), Category (Inorganic, Organic), Distribution Channel (Store Based Retailing, Online/E-Commerce Retailing), Type of Vendors (Resellers, Seed Manufacturing Companies, Breeders)

Countries Covered

U.S., Canada and Mexico,  Germany, U.K., Italy, France, Spain, Switzerland, Turkey, Netherlands, Russia, Belgium and Rest of Europe, China, India, Japan, Australia, and rest of Asia-Pacific, Uruguay, Colombia, Argentina and rest of South America, South Africa,  and Rest of Middle East and Africa

Market Players Covered

T.H.Seeds (Netherlands), Royal Queen Seeds (Spain), Dutch Passion (Netherlands), Sweet Seeds (Spain), Serious Seeds (Netherlands), DNA Genetics (Netherlands), Sensi Seeds (Netherlands), Green House Seed Co. (Netherlands), Crop King Seeds  (U.S.), Amsterdam marijuana seeds (Netherlands), Paradise Seeds B.V.  (Netherlands)

Data Points Covered in the Report

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Segment Analysis:

The global cannabis seeds market is segmented on the basis of seed type, strain, compound, distribution channel, and type of vendors.

  • On the basis of seed type, the global cannabis seeds market is segmented into regular seeds, feminized seeds, and auto flowering seeds. The feminized seeds segment is dominating the market with a market share of 48.22% owing to the higher yields and efficient use of resources. Additionally, feminized seeds provide consistency in terms of genetics and cannabinoid profiles, which is highly valued by both commercial cultivators and home growers, leading to their dominance in the market

The feminized seeds segment is dominating the seed type segment of the global cannabis seed market during the forecast period of 2023 to 2030

The feminized seeds segment is dominating the market with a market share of 48.22% owing to the higher yields and efficient use of resources. Additionally, feminized seeds provide consistency in terms of genetics and cannabinoid profiles, which is highly valued by both commercial cultivators and home growers, leading to their dominance in the market.

  • On the basis of strain, the global cannabis seeds market is segmented into indica, hybrid, and sativa. Indica segment is dominating the market with a market share of 39.82%  due to calming effects, pain relief, and promoting sleep
  • On the basis of the compound, the global cannabis seeds market is segmented into THC dominant, CBD dominant, and balanced THC and CBD. THC dominant segment is dominating the market with a market share of 46.26% due to the intoxicating effects often associated with cannabis. THC-dominant strains are sought after by recreational users looking for the euphoric and psychoactive experiences associated with cannabis consumption
  • On the basis of category, the global cannabis seeds market is segmented into inorganic and organic. The inorganic segment is dominating the market with a market share of 52.00% due to synthetic pesticides, herbicides, fertilizers, and other chemical substances to enhance plant growth and protect against pests and diseases
  • On the basis of distribution channel, the global cannabis seeds market is segmented into store based retailing and online/e-commerce retailing. Store-based retailing segment is dominating the market with a market share of 53.96% due to the experience where customers can interact with knowledgeable staff, physically examine products, and make purchases on-site

Store based retailing segment is dominating the distribution channel of the global cannabis seed market during the forecast period of 2023 to 2030

Store based retailing segment is dominating the market with a market share of 53.96%  owing to an encounter where customers can speak with knowledgeable staff, inspect products in person, and make purchases immediately.

  • On the basis of the type of vendors, the global cannabis seeds market is segmented into resellers, breeders, and seeds manufacturing companies. The resellers segment is dominating the market with a market share of 62.52% due to their ability to efficiently distribute and market a wide range of testing kits from various manufacturers, providing convenience and accessibility to consumers

Major Players

Data Bridge Market Research recognizes the following companies as the major global cannabis seeds market players in global cannabis seeds market are T.H.Seeds (Netherlands), Royal Queen Seeds (Spain), Dutch Passion (Netherlands), Sweet Seeds (Spain), Serious Seeds (Netherlands), DNA Genetics (Netherlands), Sensi Seeds (Netherlands), Green House Seed Co. (Netherlands)

Cannabis Seeds Market

Market Developments

  • In January 2023, The first company to supply true F1 cannabis hybrids with the uniformity, stability, and yield quality required by the emerging legal cannabis market is Royal Queen Seeds, one of Europe's top seed banks for the cannabis plant. RQS F1 seeds, which are cultivated from just inbred lines, promise to revolutionize the cannabis industry by providing a steady crop and a consistent final product
  • In September 2022, two of the genotypes developed by the BULGARIAN company CBD Seed Europe, which claims to yield record levels of cannabidiol, were registered on the European Seed Register. Most registered CBD seeds on the European Common Catalogue have 5% to 6% CBD concentrations. However, recently registered cultivars have a field CBD content of up to 12%. According to the firm, the two new registered kinds, "Midwest" and "Northwest," would thrive at most continental latitudes. In addition, the company claims that it will be able to create new strains that would increase the CBD level "even higher" as a result of the EC restrictions for THC content in hemp seeds rising from 0.2% to 0.3%
  • In 2021, Germany's STADA Arzneimittel AG partnered with Canadian firm MediPharm Labs, a strategic move entering the medical cannabis market. This partnership reflects the pharmaceutical industry's acknowledgment of the expanding market for medical cannabis products, showcasing a notable pharmaceutical player adapting to evolving consumer demands and regulatory landscapes in Germany
  • In 2020, MedPharm's collaboration with CBD Vida, Ltda to introduce CBD CALM in Brazil highlighted the global expansion of the medical cannabis market, with companies exploring partnerships to bring innovative products to new regions, addressing the growing demand for medical cannabis and diversifying market offerings

Regional Analysis

Geographically, the countries covered in the global cannabis seeds market report are U.S., Canada and Mexico,  Germany, U.K., Italy, France, Spain, Switzerland, Turkey, Netherlands, Russia, Belgium and Rest of Europe, China, India, Japan, Australia, and rest of Asia-Pacific, Uruguay, Colombia, Argentina and rest of South America, South Africa,  and Rest of Middle East and Africa

As per Data Bridge Market Research analysis:

North America is the dominant region in global cannabis seeds market during the forecast period 2023-2030

North America dominates the global cannabis seeds market due to a robust consumer base, the significant presence of major industry players, and a surge in research activities. With a substantial market share, the region's leadership is attributed to the combination of consumer demand, established market players, and ongoing research efforts, solidifying North America as a key influencer in the dynamic landscape of the global cannabis seeds market.

Asia-Pacific is estimated to be the fastest growing region in global cannabis seeds during the forecast period 2023-2030

Asia Pacific is expected to dominate the global cannabis seeds market during the forecast period of 2023-2030. This anticipated growth is driven by heightened consumer awareness of the health benefits associated with cannabis seeds, expanding research activities, vast untapped markets, a large population pool, and a rising demand for cannabis seeds in the region. These factors position Asia Pacific as a significant contributor to the overall expansion and evolution of the global cannabis seeds market.

For more detailed information about the global cannabis seeds market report, click here – https://www.databridgemarketresearch.com/ko/reports/global-cannabis-seeds-market


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