U.S. Cannabis Seeds Market – Industry Trends and Forecast to 2030

U.S. Cannabis Seeds Market Analysis and Size

In the last few years, cannabis seeds have witnessed a significant surge in demand in the United States and are expected to continue to do so during the forecast period. The major consumer base and the recognition of its medical benefits in the U.S. region encourage vendors to increase their presence in the market, enhancing the growth of the cannabis seeds market. The augmented adoption of cannabis seeds further increases the market demand and generally contributes to market growth.

Data Bridge Market Research analyses that the cannabis seeds market is expected to reach 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. 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.     

U.S. Cannabis Seeds Market Scope and Segmentation

Market Definition

Cannabis is a type of flowering plant in the family of Cannabaceae. Its three species are cannabis Indica, cannabis ruderalis, and cannabis sativa. Cannabis seeds are produced when pollen from a male pollinates with a female plant. Cannabis seeds are rich in fiber, protein, and healthful fatty acids, such as omega-6s and omega-3s.

U.S. Cannabis Seeds Market Dynamics

Drivers

• Medicinal characteristics of cannabis seeds

Cannabis seeds are high in gamma-linolenic acid (fatty acid) and arginine (amino acid) content. The consumption of these substances helps to cure chronic pain, improve neurologically, and reduce the risk of heart diseases and other conditions. As a result of all these factors, an increase in the consumption of cannabis seeds will boost market growth.

• Multiple benefits associated with the consumption of cannabis seeds

Multiple benefits are associated with the consumption of cannabis seeds, which increases the demand for cannabis seeds, further propelling the market growth during the forecast period. Cannabis seeds are rich in healthy omega-6 and omega-3 fatty acids. The human body needs both fatty acids for many cellular processes. They promote heart health, boost immune activity, improve digestion, lower harmful triglycerides and are suitable for the brain, and increase physical energy. As a result of all these factors boosts the market growth.

Opportunities

• Increasing demand for feminized seeds

The demand for feminized seeds is growing moderately in the U.S. cannabis seeds market during the forecast period. Those cannabis seeds which have undergone genetic modification to become only female plants are called feminized seeds. Using feminized cannabis seeds has numerous advantages for growers, but the main advantage of these seeds is that they pollinate male plants and do not need to be removed or found. Feminized cannabis seeds have several advantages for growers. These cannabis seeds market trends are generating profitable cannabis seeds market opportunities for market growth.

• Growing demand for cannabis seeds by wholesalers and distributors

The growing demand for cannabis seeds by wholesalers and distributors will likely create lucrative market growth opportunities. Cannabis seed distributors and wholesalers are committed to providing cannabis seeds to authorized dispensaries and wholesalers. They might be licensed third-party distributors or dealers as well as seed manufacturers or growers of cannabis. The third-party distributors offer cannabis seeds to dispensaries and authorized retail establishments after purchasing them bulk from industrial farmers. This boosts market growth.

Restraints/ Challenges

• Myths regarding cannabis

There are several myths associated with the cannabis seeds market growth. Many investors consider COVID-19 has harmed the cannabis seeds market, and it is difficult to measure return on investment with cannabis seeds marketing. As a result of this, they are not interested in risking their money in this sector. Moreover, they also believe that cannabis seeds consumer marketing is a risky business. As a result, all these factors hamper the growth of the business.

• Side effects associated with the consumption of cannabis seeds

Some side effects associated with the consumption of cannabis seeds such as throat irritation, diarrhea, nausea and vomiting, bradycardia, slow heart rate, hypertension, or high blood pressure. As a result of all these side effects, reduce the demand for cannabis seeds which will hamper the market growth.

This cannabis seeds 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 cannabis seeds market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

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.

Recent Development

• In 2021, Canopy Growth which is one of the world's largest cannabis companies completed its acquisition with Supreme Cannabis Company and acquired 100% of the company's issued common shares. With this acquisition, Canopy's in the Canadian recreational market is strengthened. Furthermore, this acquisition provides an instant opportunity for value growth, with $30 million in synergies anticipated to be realized within the next two years.
• In 2021, STADA Arzneimittel AG entered into the medical cannabis market through a deal with MediPharm Labs to introduce two flower products and six more in the upcoming period. MediPharm will provide GMP-certified medicinal cannabis products to STADA and logistical, manufacturing, and regulatory support under the collaboration.

 U.S. Cannabis Seeds Market Scope

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

Strain

• Indica
• Hybrid
• Sativa

 Compound

• Tetrahydrocannabinol (THC) Dominant
• Cannabidiol (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

Competitive Landscape and Cannabis Seeds Market Share Analysis

The cannabis seeds 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 cannabis seeds market.

Some of the major players operating in the cannabis seeds market are:

• Seed Cellar (U.S.)
• HUMBOLDT SEED COMPANY (U.S.)
• Tropical Seeds (India)
• Green House Seed Co. (Netherlands)
• DeliciousSeeds (U.K)
• Christiania Seeds (Denmark)
• Nymera (France)
• T.H.Seeds (Netherlands)
• Dutch Passion (Netherlands)
• The Cronos Group (Canada)
• Tilray (U.S.)
• Marley Natural (U.S.
• AURORA CANNABIS INC. (Canada)
• Cara Therapeutics (U.S.)
• Aruma Labs Pty Ltd (Australia)
• Medcan Australia (Australia)
• SNDL INC.. (Canada)

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