Global Cannabis Seeds Market, By Seed Type (Regular Seeds, Feminized Seeds, and Autoflowering Seeds), Product Type (Flowers, Concentrates, Edibles, Tophical and Tinctures, and Others), Strain (Indica, Hybrid, and Sativa), Compound (THC Dominant, CBD Dominant, and Balanced THC and CBD), Category (Inorganic and Organic), Distribution Channel (Store Based Retailing and Online/E-Commerce Retailing), Type of Vendors (Resellers, Breeders, and Seeds Manufacturing Companies), Application (Medical Industry and Recreational)– Industry Trends and Forecast to 2031.
Cannabis Seeds Market Analysis and Size
The cannabis seeds market offers diverse strains catering to various recreational and medicinal needs. Its utilization spans industries such as pharmaceuticals, wellness, and agriculture. Consumers benefit from the seeds' rich cannabinoid profile, offering potential relief from pain, anxiety, and other ailments. In addition, breeders harness genetic diversity to develop new hybrids with unique characteristics, driving innovation in the market.
For instance, according to WHO, depression impacted approximately 280 million individuals globally as of 2021, affecting an estimated 3.8% of the world's population, with 5.0% of adults and 5.7% of individuals aged over 60 affected. Given the significant burden of these disorders, the cannabis industry is anticipated to witness growth throughout the forecast period.
Data Bridge Market Research analyses that the global cannabis seeds market size was valued at USD 404.62 million in 2023, is expected to reach USD 1,212.13 million by 2031, at a CAGR of 14.7% during the forecast period 2024 to 2031. 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.
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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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016 - 2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Seed Type (Regular Seeds, Feminized Seeds, and Autoflowering Seeds), Product Type (Flowers, Concentrates, Edibles, Tophical and Tinctures, and Others), Strain (Indica, Hybrid, and Sativa), Compound (THC Dominant, CBD Dominant, and Balanced THC and CBD), Category (Inorganic and Organic), Distribution Channel (Store Based Retailing and Online/E-Commerce Retailing), Type of Vendors (Resellers, Breeders, and Seeds Manufacturing Companies), Application (Medical Industry and Recreational)
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Countries Covered
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U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa
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Market Players Covered
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T.H.Seeds (Netherlands), Delicious Seeds (Spain), Royal Queen Seeds (Spain), Dutch Passion (Netherlands), Sweet Seeds (Spain), Aswartha Traders (India), Serious Seeds (Netherlands), DNA Genetics (Netherlands), Sensi Seeds (Netherlands), Green House Seed Company (Netherlands), Crop King Seeds (U.S.), Amsterdam Marijuana Seeds |Online Seedbank (Netherlands), Paradise Seeds (Netherlands), Mountain Top Seed Bank (India), Kannabia (Spain), and Samridhi Herbs (India)
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Market Opportunities
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Market Definition
Cannabis seeds are the small, nutty kernels found within the flowers of the cannabis plant. These seeds contain all the genetic material necessary to grow a new cannabis plant. Rich in essential fatty acids, proteins, and nutrients, cannabis seeds are used for cultivation, consumption, and in various culinary and wellness applications worldwide.
Global Cannabis Seeds Market Dynamics
Drivers
- Rising Demand in Ancillary Industries
The CBD industry growth extends beyond consumption, including ancillary sectors such as cultivation equipment, fertilizers, and consulting services. Growth in these areas fuels demand for cannabis seeds as cultivation facilities require a steady supply to maintain production. This symbiotic relationship between ancillary industries and seed demand contributes to the overall expansion of the cannabis market.
- Growing Acceptance and Demand for Medical Cannabis
The increasing acceptance of medical cannabis fuels the demand for specialized strains rich in therapeutic compounds such as CBD. This trend propels the need for premium cannabis seeds optimized to cultivate plants with targeted medicinal properties, catering to the growing demand for effective and reliable medical cannabis products.
For instance, a study from Michigan University, published in June 2021, found that among 878 fibromyalgia patients, 72% reported using CBD to alleviate their pain. CBD was reported to be more effective in reducing pain compared to other drug therapies.
Opportunities
- Emergence of New Strains and Varieties
Breeders continuously develop new cannabis strains with unique flavors, effects, and cannabinoid profiles to meet consumer demands. This constant innovation fuels the demand for cannabis seeds as consumers seek novel experiences and therapeutic benefits. The growth of the cannabis seeds market is propelled by the emergence of new strains and varieties, meeting changing preferences and cannabis trends in the industry.
- Expansion of Cultivation Facilities
The legalization and normalization of cannabis led to a surge in licensed cultivation facilities. These facilities depend on a steady supply of high-quality seeds to sustain production, stimulating market growth. As the demand for cannabis increases, so does the need for reliable seed sources, driving the expansion of the cannabis seeds market.
For instance, in January 2021, Pure Extracts Technologies finalized an agreement to acquire 220 kilograms of high-potency cannabis dried flower from a major Canadian licensed producer, alongside 1,000 kilograms of high-potency CBD biomass from a leading Western Canadian cultivator. This move aims to bolster the production of both THC and CBD extracts.
Restraints/Challenges
- Issues Associated with Banking and Financial Services
The legal complexities of the cannabis industry often deter banks and financial institutions from offering services to related businesses. This reluctance poses significant challenges for cannabis companies seeking essential financial services such as loans and merchant accounts. It hinders their ability to operate smoothly and access necessary resources for growth and development.
- Disruption in Supply Chain Management
Managing the cannabis seeds supply chain presents challenges in sourcing raw materials, transportation, storage, and distribution. Maintaining efficiency and reliability is vital for meeting customer demand and profitability. Regulatory complexities add further hurdles. Effective management is essential to navigate these challenges and ensure a smooth production and distribution flow.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, 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 market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In January 2023, Royal Queen Seeds became the pioneer in supplying true F1 cannabis hybrids, offering uniformity, stability, and high yield quality for the emerging legal cannabis market. Their RQS F1 seeds, derived from inbred lines, aim to revolutionize the industry by ensuring consistent crops and standardized final products
- In September 2022, CBD Seed Europe, a Bulgarian company, registered two genotypes on the European Seed Register, boasting record levels of cannabidiol. These cultivars, "Midwest" and "Northwest," promise CBD concentrations of up to 12%, exceeding the typical 5% to 6% found in most registered CBD seeds
- In 2021, Germany's STADA Arzneimittel AG ventured into the medical cannabis market through a strategic partnership with Canadian firm MediPharm Labs. This collaboration underscores the pharmaceutical industry's recognition of the expanding market for medical cannabis products, adapting to evolving consumer demands and regulatory frameworks in Germany
- In 2020, MedPharm collaborated with CBD Vida, Ltda to launch CBD CALM in Brazil, showcasing the global expansion of the medical cannabis market. Through partnerships like these, companies aim to address the increasing demand for medical cannabis worldwide while diversifying their product offerings to cater to different regions
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Cannabis Seeds Market Scope
The cannabis seeds market is segmented on the basis of seed type, product type, strain, compound, category, distribution channel, type of vendors, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Seed Type
- Regular Seeds
- Feminized Seeds
- Autoflowering Seeds
Product Type
- Flowers
- Concentrates
- Edibles
- Tophical and Tinctures
- Others
Strain
- Indica
- Hybrid
- Sativa
Compound
- THC Dominant
- CBD Dominant
- Balanced THC and CBD
Category
- Inorganic
- Organic
Distribution Channel
- Store Based Retailing
- Online/E-Commerce Retailing
Type of Vendors
- Resellers
- Breeders
- Seeds Manufacturing Companies
Application
- Medical Industry
- Recreational
Cannabis Seeds Market Regional Analysis/Insights
The cannabis seeds market is analysed and market size insights and trends are provided by country, seed type, product type, strain, compound, category, distribution channel, type of vendors, and application as referenced above.
The countries covered in the cannabis seeds market market report are U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa.
North America is expected to dominate the cannabis seeds market, propelled by a strong consumer base and the significant presence of key industry players. With increasing research initiatives, the region benefits from a mature and expanding cannabis industry, solidifying its position as a market leader.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the 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, 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 market competitive landscape provides details by competitor. 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, application dominance. The above data points provided are only related to the companies' focus related to market.
Some of the major players operating in the cannabis seeds market are:
- T.H.Seeds (Netherlands)
- Delicious Seeds (Spain)
- Royal Queen Seeds (Spain)
- Dutch Passion (Netherlands)
- Sweet Seeds (Spain)
- Aswartha Traders (India)
- Serious Seeds (Netherlands)
- DNA Genetics (Netherlands)
- Sensi Seeds (Netherlands)
- Green House Seed Company (Netherlands)
- Crop King Seeds (U.S.)
- Amsterdam Marijuana Seeds | Online Seedbank (Netherlands)
- Paradise Seeds (Netherlands)
- Mountain Top Seed Bank (India)
- Kannabia (Spain)
- Samridhi Herbs (India)
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