Middle East And Africa Cannabis Seeds Market
Market Size in USD Billion
CAGR : %
Forecast Period |
2023 –2030 |
Market Size (Base Year) |
USD 6.91 million |
Market Size (Forecast Year) |
USD 19.30 million |
CAGR |
|
Major Markets Players |
Middle East and Africa Cannabis Seeds Market, By Seed Type (Feminized Seeds, Autoflowering Seeds, Regular 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, Seed Manufacturing Companies, Breeders) – Industry Trends and Forecast To 2030.
Middle East and Africa Cannabis Seeds Market Analysis and Size
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 the field of medicine, food and beverage, and cosmetics among other industries. The legalization of cannabis and its increased use in various industries, such as cosmetics, food, and beverages among others, acts as a driver for the market. While 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 6.91 million in 2022, would rocket up to USD 19.30 million by 2030, and is expected to undergo a CAGR of 17.5% during the forecast period. This indicates that the market value. The regular seeds segment is dominating the market as the majority of the companies are manufacturing regular seeds, and also they don’t require much effort and are easy to grow. 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.
Middle East and Africa Cannabis Seeds Market Scope and 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, Volume in Tons, Prices in ASP |
Segments Covered |
Seed Type (Feminized Seeds, Autoflowering Seeds, Regular 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, Seed Manufacturing Companies, Breeders) |
Countries Covered |
South Africa and Rest of Middle East and Africa |
Market Players Covered |
Green House Seed Co.(Netherlands), RQS (Royal Queen Seeds) (Netherlands), Dutch Passion (Netherlands), Sensi Seeds (Netherlands) and Barneys Farm (Netherlands) |
Market Opportunities |
|
Market Definition
Cannabis seeds are just like any other seeds and contain the genetic information needed for the growth and reproduction of the plant. On the planting of seeds, 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. 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.
Middle East and Africa Cannabis Seeds Market Dynamics
Drivers
- Increased medicinal uses of cannabis
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. Apart from the approved drugs, there is an increased interest in two cannabinoids, THC and CBD. THC is seen to increase appetite, reduce nausea, and treat muscle control problems, while CBD is useful in controlling epileptic seizures, treating mental illness, and reducing inflammation.
- 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 in smoothening skin and thickening eyelashes.
Opportunities
Furthermore, vigorous growth in the demand for cannabis with legalization has increased the need to come up with better product strains and delivery systems. This has led many companies to conduct research and development activities to check the genetic improvement strategies for cannabis.
Restraints/Challenges
- The complex regulatory structure for the usage of cannabis
As there is no legalization of marijuana at the federal level, each state has its regulations regarding the use of marijuana; this creates a problem for the manufacturers and stakeholders as they have to comply with varied laws from state to state. The trading, manufacturing, and prescription of cannabis is a very complex process, as the laws are different for every state. This acts as an obstacle for the companies, and hence, a complex regulatory structure for the usage of cannabis acts as a restraint for the market.
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 products market contact Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.
Recent Development
- In April 2018, Green House Seed Co. received the Expogrow-Irún 3rd place in the “Best indica" for “Green House Kush". The company received this award for its work to help consumers enhance the sustainability and efficiency of their businesses. This recognition aided the company in building trust among stakeholders and increased its brand awareness
Middle East and Africa Cannabis Seeds Market Scope
The Middle East and Africa Cannabis Seeds Market is segmented into six notable segments, which are based on seed type, strain, compound, category, distribution channel, and type of vendors. The growth amongst these segments will help you analyse 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
- Feminized Seeds
- Autoflowering Seeds
- Regular 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
- Seeds Manufacturing Companies
- Breeders
Middle East and Africa Cannabis Seeds Market Regional Analysis/Insights
The cannabis seeds market is analysed, and market size insights and trends are provided by seed type, strain, compound, category, distribution channel, type of vendors as referenced above.
The countries covered in the cannabis seeds market report are South Africa and Rest of Middle East and Africa.
South Africa is expected to dominate the cannabis seeds market because of the strong base of consumers, strong presence of major players in the market, and rising number of research activities in this country in terms of market share.
South Africa is expected to witness significant growth during the forecast period of 2023 to 2030 due to the high demand for cannabis for medicinal uses in the country.
The country section of the report also provides individual market affecting factors and changes in regulation in the market domestically that impact 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, and 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, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Middle East and Africa Cannabis Seeds Market Share Analysis
The cannabis seeds market competitive landscape provides details by 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, application dominance. The above data points provided are only related to the companies' focus related to the cannabis seeds market.
Some of the major players operating in the cannabis seeds market are:
- Green House Seed Co.(Netherlands)
- RQS (Royal Queen Seeds) (Netherlands)
- Dutch Passion (Netherlands)
- Sensi Seeds (Netherlands)
- Barneys Farm (Netherlands)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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