North America 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.
North America 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 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, drives 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 122.23 thousand in 2022, would rocket up to USD USD 373.92 thousand by 2030 and is expected to undergo a CAGR of 17.5% during the forecast period. 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.
North America 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 Thousand, Volume in Tons and Prices in ASP
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Segments Covered
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North America Cannabis Seeds Market, By Seed Type (Feminized Seeds, Auto flowering 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)
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Countries Covered
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U.S., Canada, Mexico.
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Market Players Covered
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Humboldt Seed Company (U.S.), Tropical Seeds Company (India), Green House Seed Co. (Netherlands), DeliciousSeeds (Spain), Christiania Seeds (Denmark), T.H.Seeds (Netherlands), Dutch Passion (Netherlands), The Cronos Group (Canada), Tilray Brands (U.S.), AURORA CANNABIS INC. (Canada), Cara Therapeutics (U.S.), Aruma Labs Pty Ltd (Australia), Medcan Australia (Australia), SNDL INC. (Canada), Sensi Seeds (Netherlands), Barney's Souvenirs BV (Netherlands), Canuk Seeds (Canada), CrockettFamilyFarms (U.S.)
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Market Opportunities
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Market Definition
The cannabis seeds are just like any other seeds contain the genetic information needed for growth and reproduction of the plant. On the planting of seed, 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. The cannabis seeds have two very important chemicals in them namely, Cannabidiol (CBD), which is non-psychoactive element, and Tetrahydrocannabinol (THC), which is the psychoactive element. Depending on them there are two seed varieties which are Cannabidiol (CBD) and Tetrahydrocannabinol (THC) dominant.
North America 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, treat muscle control problems, while CBD is useful in controlling epileptic seizures, treating mental illness, and reduce 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 of the cosmetic industry as its psychoactive ingredient CBD (Cannabidiol) has been found to have anti-inflammatory and antioxidant properties which can help in smoothening of skin and thickening of eye lashes.
- Functional properties of cannabis seeds and their increased use in different industries
The hemp seeds are processed to take out hemp oil while the left residue is used as a protein rich food. The hemp seeds proteins have a high level of arginine and sulphur rich amino acids; therefore they can be used as functional foods. Cannabis seeds and their extracts have numerous functional properties which are majorly consumed in medical, personal care and food and beverages properties. In personal care due to their composition carotenoid which helps in the ageing of the skin by protecting the skin strength have led their consumption for cosmetic purposes.
Opportunities
Furthermore, vigorous growth in the demand for cannabis with the 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
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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, 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, 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 take 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 to build trust among stakeholders and increase its brand awareness
North America Cannabis Seeds Market Scope
The North America Cannabis Seeds Market is segmented into six notable segments which are based on seed type, strain, compound, category, distribution channel, 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.
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
- Seeds Manufacturing Companies
- Breeders
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, and type of vendors, as referenced above.
The countries covered in the cannabis seeds market report are U.S., Canada, and Mexico.
U.S. 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 U.S. 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 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 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:
- Humboldt Seed Company (U.S.)
- Tropical Seeds Company (India)
- Green House Seed Co. (Netherlands)
- DeliciousSeeds (Spain)
- Christiania Seeds (Denmark)
- T.H.Seeds (Netherlands)
- Dutch Passion (Netherlands)
- The Cronos Group (Canada)
- Tilray Brands (U.S.)
- AURORA CANNABIS INC. (Canada)
- Cara Therapeutics (U.S.)
- Aruma Labs Pty Ltd (Australia)
- Medcan Australia (Australia)
- SNDL INC. (Canada)
- Sensi Seeds (Netherlands)
- Barney's Souvenirs BV (Netherlands)
- Canuk Seeds (Canada)
- CrockettFamilyFarms (U.S.)
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