The U.S. Cannabis Seeds Market refers to the sector involved in the production, delivery, and sale of cannabis seeds for cultivation purposes. Cannabis seeds are the foundation for growing cannabis plants for recreational. The growing demand for cannabis products, and the rising trend of home cultivation. Cannabis seeds offer a variety of strains with different characteristics, allowing growers to choose based on their preferences and desired effects.
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Data Bridge Market Research analyses that the U.S. cannabis seeds market is valued at USD 2,021.10 million by 2030, which was USD 567.76 million in 2022, registering a CAGR of 17.20% during the forecast period of 2023 to 2030. The increasing acceptance and legalization of cannabis for medical and recreational purposes in various countries and regions have led to a surge in demand for cannabis seeds. As more jurisdictions relax cannabis laws, it opens up opportunities for legal cultivation and boosts the market.
Key Findings of the Study
Growing demand for medicinal cannabis is expected to drive the market's growth rate
Cannabis has shown potential in treating various ailments, including chronic pain, epilepsy, and anxiety. As a result, there has been a surge in the cultivation of specific cannabis strains tailored for medicinal purposes. These strains are carefully bred to contain higher levels of beneficial compounds such as CBD (cannabidiol) and lower levels of THC (tetrahydrocannabinol). The demand for cannabis seeds with specific medicinal properties has risen significantly to support the production of medical cannabis for patients seeking alternative treatment options.
Report Scope and Market 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, Pricing in USD
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Segments Covered
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Seed Type (Regular Seeds, Feminized Seeds, Autoflowering Seeds), 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)
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Market Players Covered
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Seed Cellar (U.S.), HUMBOLDT SEED COMPANY(U.S.), BARNEY'S FARM (Netherlands), Dinafem Seeds (Spain), Tropical Seeds Co. (India), Sweet Seeds (U.S.), Serious Seeds (Netherlands), Sensi Seeds (Amsterdam), Green House Seed Co. (Netherlands), Love Growing Marijuana (Netherlands), DeliciousSeeds (U.K), Christiania Seeds (Denmark), Nymera (France ), T.H.Seeds (Netherlands), Royal Queen Seeds (Barcelona), Dutch Passion (Netherlands), Paradise Seeds B.V. (Netherlands) and Crop King Seeds (Canada) among others
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Data Points Covered in the Report
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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.
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Segment Analysis:
The cannabis seeds market is segmented on the basis of seed type, strain, compounds, distribution channel, and type of vendors.
- On the basis of seed type, the U.S. cannabis seeds market is segmented into regular seeds, feminized seeds and auto flowering seeds.
- On the basis of strain, the U.S. cannabis seeds market is segmented into indica, hybrid, and sativa.
- On the basis of compound, the U.S. cannabis seeds market is segmented into tetrahydrocannabinol (THC) dominant, cannabidiol (CBD) dominant, balanced THC, and CBD.
- On the basis of category, the U.S. cannabis seeds market is segmented into inorganic and organic.
- On the basis of distribution channel, the U.S. cannabis seeds market is segmented into store based retailing and online/e-commerce retailing.
- On the basis of type of vendors, the U.S. cannabis seeds market is segmented into resellers, breeders, and seeds manufacturing companies.
Major Players
Data Bridge Market Research recognizes the following companies as the major cannabis seeds market players in cannabis seeds market are Seed Cellar (U.S.), HUMBOLDT SEED COMPANY(U.S.), BARNEY'S FARM (Netherlands), Dinafem Seeds (Spain), Tropical Seeds Co. (India), Sweet Seeds (U.S.), Serious Seeds (Netherlands), Sensi Seeds (Amsterdam), Green House Seed Co. (Netherlands), Love Growing Marijuana (Netherlands)
Market Developments
- In 2021, STADA Arzneimittel AG, one of Germany's top pharmaceutical firms, has partnered with Canadian company MediPharm Labs to launch two flower products and six more in the future, entering the medical cannabis market.
- In 2021, one of the biggest cannabis businesses in the world, Canopy Growth, finished buying The Supreme Cannabis Company, acquiring all of the company's issued and outstanding common shares.
- In 2020, New Zealand’s Medicinal Cannabis Agency has introduced new Medicinal Cannabis Scheme which improves the access towards the quality of cannabis products for patient.
- In 2020, MedPharm a U.S. based company engaged in the manufacturing of cannabis in an agreement with CBD Vida, Ltda has introduced a new medical cannabis product name CBD CALM in Brazil.
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