Europe Cannabis Seeds Market, By Seed Type (Feminized Seeds, Autoflowering Seeds, and Regular Seeds), Strain (Indica, Hybrid, Sativa, and Ruderalis), Compound (THC Dominant, CBD Dominant, and Balanced THC & CBD), Category (Inorganic and Organic), Distribution Channel (Store Based Retailing and Online/E-Commerce Retailing), Type of Vendors (Resellers, Seed Manufacturing Companies, and Breeders) – Industry Trends and Forecast to 2030.
Europe Cannabis Seeds Market Analysis and Size
The cannabis seeds market is growing tremendously in the U.S., with the legalization of cannabis in 33 out of 50 states. The cannabis seeds are instrumental to the type of cannabis plants grown. The quality of chemicals in cannabis seeds depends on the type of seed. Cannabis plants and its flower is used to produce extracts that have a wide range of applications in medicine, food and beverage, and cosmetics among other industries. The legalization of cannabis and its increased use in various industries such as cosmetic, food and beverages, acts as a driver for the market. At the same time, the complex regulatory structure for the use of cannabis acts as a restraint for the market.
Data Bridge Market Research analyses that the cannabis seeds market, which was USD 121.31 million in 2022, would rocket up to USD 340.84 million by 2030 and is expected to undergo a CAGR of 13.8% during the forecast period. "Feminized Seeds" dominates the seeds type segment of the cannabis seeds market owing to the growing number of companies providing a number of feminized seeds for home gardeners and growers for medical or recreational purposes. 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.
Europe Cannabis Seeds Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, and Pricing in USD
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Segments Covered
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By Seed Type (Feminized Seeds, Autoflowering Seeds, and Regular Seeds), Strain (Indica, Hybrid, Sativa, and Ruderalis), Compound (THC Dominant, CBD Dominant, and Balanced THC & CBD), Category (Inorganic and Organic), Distribution Channel (Store Based Retailing and Online/E-Commerce Retailing), Type of Vendors (Resellers, Seed Manufacturing Companies, and Breeders)
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Countries Covered
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Germany, U.K., Italy, France, Spain, Switzerland, Turkey, Netherlands, Russia, Belgium, and Rest of Europe
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Market Players Covered
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Cyanotech Corporation (U.S.), BASF SE (Germany), DSM (Netherlands), Corbion (Netherlands), DuPont (U.S.), Cargill, Incorporated (U.S.), DIC CORPORATION (Japan), FENCHEM (China), CP Kelco U.S., Inc. (U.S.), and Kemin Industries, Inc. (U.S.)
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Market Opportunities
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Market Definition
The cannabis seeds contain the genetic information needed for the growth and reproduction of the plant. On seed planting, the genetic material dictates the physical characteristics of the mature plant. These seeds can be of various types, including regular, auto-flower, and feminized, depending on the type of plant to be grown. Various seedbanks have been established in the countries such as U.S., Netherlands, Spain, Italy to distribute cannabis seeds in local territories such as Dinafem Seeds Cannabis Seeds USA, and among others. The breeding of strains is done to produce the desired quality of strains. Cannabis seeds have two very important chemicals in them, namely, Cannabidiol (CBD), which is non-psychoactive, and Tetrahydrocannabinol (THC), the psychoactive element. Depending on them, there are two seed varieties which are Cannabidiol (CBD) and Tetrahydrocannabinol (THC) dominant.
Europe Cannabis Seeds Market Dynamics
Drivers
- High cannabis application in the medicinal use
There is an evolution in the acceptance and use of medicinal cannabis, with the growing number of states that have legalized the use of cannabis for various indications. Though cannabis has been legalized in 33 states and the District of Columbia, it has been approved to use by FDA for three indications which are rare and severe forms of epilepsy, Dravet syndrome, and Lennox-Gastaut syndrome, and also to treat spasticity in multiple sclerosis (MS).
- Increased usage of cannabis seeds in cosmetic products
With the legalization of cannabis in various states of the U.S., several health benefits of cannabis have been explored. It is seen that cannabis is an important ingredient in the cosmetic industry as its psychoactive ingredient CBD (Cannabidiol), has been found to have anti-inflammatory and antioxidant properties, which can help smoothen skin and thicken eyelashes. The growing use of products derived from industrial hemps, such as CBD, was legalized in 2018, the second farm bill. Though industrial hemp and its related products were legalized, they had to comply with the FDA's regulatory requirements. Now cannabis is seen as a lifestyle ingredient for well-being rather than just a recreational drug. Many leading cosmetic giants have released their cannabis-infused products.
Opportunity
- Legalization of cannabis farming across the globe
Cannabis has been used for medicinal or recreational purposes for thousands of years, but recent years have seen a tumultuous turn in plant legality. In the U.S., cannabis was used to make ropes and textiles in the 1600s. In 1937, with the Marijuana Tax Act, there was a ban on the possession, transportation, and sale of cannabis.
Legalizing marijuana has various societal benefits, such as the rise in the economy without increasing taxes, creating thousands of job opportunities, stopping the racial differences in marijuana enforcement, and the freeing up scarce police resources. Due to these benefits, marijuana has been legalized and is being increasingly adopted by people of different ages. Therefore, this creates a demand for good quality marijuana for fun and relaxation. Hence, the increasing adoption of cannabis seeds for recreational purposes is an opportunity for manufacturers.
Restraints/Challenges
- Rise of the marijuana black market
The black market is huge for marijuana. According to an audit by the United Cannabis Business Association (UCBA), 3,757 stores dispensed marijuana, whereas only 873 were licensed by the state. It can be analyzed that there are three times more illegal retailers and dispensaries compared to legal stores and retailers. Thus, it can be seen that the black market for marijuana still holds the upper hand even with the legalization of marijuana for recreational purposes. This acts as a problem for the legal marijuana market as the growers will not take good quality seeds from authentic sources; hence, the rise of the marijuana black market acts as a challenge.
This cannabis seeds market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, Market share, the impact of domestic and localized Market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cannabis seeds market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed decision to achieve market growth.
Recent 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%
Europe Cannabis Seeds Market Scope
Europe cannabis seeds market is categorized into seed type, strain, compound, category, distribution channel, and type of vendors. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and insights to help them make strategic decisions for identifying core market applications.
SEED TYPE
- Regular seeds
- Feminized seeds
- Autoflowering seeds
STRAIN
- Indica
- Hybrid
- Sativa
COMPOUND
- THC dominant
- CBD dominant
- Balanced THC & CBD
CATEGORY
- Inorganic
- Organic
DISTRIBUTION CHANNEL
- Store-based retailing
- Online/e-commerce retailing
TYPE OF VENDORS
- Resellers
- Breeders
- Seeds manufacturing companies
Cannabis Seeds Market Regional Analysis/Insights
The cannabis seeds market is analyzed, and market size insights and trends are provided by seed type, strain, compound, category, distribution channel, and type of vendors, as referenced above.
The countries covered in the cannabis seeds market report are Germany, U.K., Italy, France, Spain, Switzerland, Turkey, Netherlands, Russia, Belgium, and rest of Europe.
The Netherlands dominates the cannabis seeds market because of the strong base of consumers, the strong presence of major players in the market, and the rising number of research activities in this country in terms of market share.
The Netherlands is expected to witness significant growth during the forecast period of 2023 to 2030 due to the increasing demand among consumers for the health benefits of cannabis seeds, growing research activities in the region, availability of massive untapped markets, large population pool, and the growing demand for cannabis seeds in the country.
The country section of the report also provides individual market-impacting factors and domestic regulation changes that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some pointers used to forecast the Market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cannabis Seeds Market Share Analysis
The cannabis seeds market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the cannabis seeds market are:
- Nymera (British Colombia)
- T.H.Seeds (Netherlands)
- Royal Queen Seeds (Spain)
- Dutch Passion (Netherlands)
- Sweet Seeds (Spain)
- Serious Seeds (Netherlands)
- DNA Genetics (Netherlands)
- Green House Seed Co. (Netherlands)
- Pyramid Seeds (Spain)
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