U.S. Cannabis Seeds Market, By 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) – Industry Trends and Forecast to 2029.
U.S. Cannabis Seeds Market Analysis and Size
In recent years, cannabis seeds has shown a considerable increase in demand across the globe and is predicted to continue to do so over the forecast period. The big consumer base and the recognition of its medical benefits worldwide are driving vendors to increase their geographic presence, which is boosting the expansion of the cannabis seeds market. The increased adoption which further increases the market demand have largely contributed to the growth of the market.
- U.S. Cannabis Seeds Market was valued at USD 484.44 million in 2021 and is expected to reach USD 2,089.72 million by 2029, registering a CAGR of 16.70% in 2022-2029. The "regular seeds" accounts for the largest seed type segment in the cannabis seeds market within the forecasted period as majority of the companies are manufacturing regular seeds and also they don't require many efforts and are easy to grow. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behavior.
U.S. Cannabis Seeds Market Definition
Cannabis is a flowering plant genus belonging to the Cannabaceaem family. Cannabis sativa, cannabis indica, and cannabis ruderalis are its three species. Cannabis seeds are high in protein, fibre, and omega-3 and omega-6 fatty acids, all of which are beneficial to your health. Arginine (an amino acid) and gamma-linolenic acid (a fatty acid) are abundant in the seeds.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2019 - 2014)
Revenue in USD Million, Volumes in Units, Pricing in USD
By 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)
Market Players Covered
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)
Cannabis Seeds Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Increasing Utilization and Legalization
This demographic profile is predicted to raise cannabis demand around the world due to the effectiveness of cannabis on numerous chronic conditions. Highly legalized territory with strong demand for cannabis seeds, resulting in significant revenue creation, which is assisting the market's growth across the globe.
Additionally, the growing demand for cannabis across various sectors owing to its benefits is estimated to bolster the market's overall growth. Furthermore, the increase in disposable income and the increase in purchasing power among the consumers fuel the market growth. The surging consumer's awareness regarding the medical consumption of cannabis also acts as a market driver.
- Modification and Intellectual Property Rights
The active research genetic development and modification of the plant are estimated to generate lucrative opportunities for the market, which will further expand the cannabis seeds market's growth rate in the future. Additionally, the advancements in intellectual property rights of cannabis are also estimated to offer numerous growth opportunities within the market.
Restraints/Challenges U.S. Cannabis Seeds Market
- Regulatory Structure
Complex regulatory structure for cannabis creates hurdles for businesses, and as a result, complex regulatory structure for cannabis use acts as a market restraint.
- Environment Issues
Large-scale cannabis growing is causing environmental difficulties, which are projected to be challenge for the cannabis seeds market over the forecast period.
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.
COVID-19 Impact on Cannabis Seeds Market
The cannabis seeds market was largely impacted by the outbreak of COVID-19. At the beginning, it had a negative impact on the cannabis business, as consumers were restricted from visiting brick-and-mortar stores as a result of the shutdown. The lockdown harmed production across the globe and exacerbated the existing manufacturing slump and trade uncertainty.
On the flip side, the epidemic aided in raising public knowledge and interest in the medical use of marijuana. Various research has also been conducted during the pandemic, focusing on the use of cannabis for COVID-19 treatment, since it has showed significant promise in the fight against COVID-19, owing to its anti-inflammatory qualities. According to a recent study published in the journal aging, cannabis can help COVID-19 patients by lowering a cytokine storm and protecting lung tissue from inflammatory damage. Cannabis and its components also offer other essential therapeutic effects, such as pain alleviation and anxiety reduction. More research is needed before any conclusions can be drawn about cannabis's pain-relieving and anxiety-reducing properties in COVID-19 patients. Additionally, many cannabis businesses began depending extensively on social media and e-commerce platforms to market to customers. On March 30, 2020, the Alberta government declared cannabis retail shops, producers, manufacturers, distributors, and warehouses to be essential services.
Therefore, the determinants such as increased research and development and awareness regarding cannabis usage have largely aided the market to flourish.
- In June 2021, Canopy Growth, one of the world's largest cannabis companies, has completed the acquisition of The Supreme Cannabis Company, acquiring 100% of the company's issued and outstanding common shares. Furthermore, Canopy's total leadership position in the Canadian recreational market is strengthened by the acquisition of Supreme, which results in a pro forma Q4 FY 2021 market share of 18.1 percent 1. Furthermore, the acquisition provides an immediate opportunity for value development, with $30 million in synergies expected to be realised within the next two years.
- In March 2021, STADA Arzneimittel AG, one of Germany's leading pharmaceutical companies, has entered the medical cannabis market with a deal with MediPharm Labs, a Canadian company, to introduce two flower products and six more in the future. MediPharm will deliver GMP certified medicinal cannabis products to STADA and manufacturing, logistical, and regulatory support under the conditions of the exclusive collaboration. STADA will be in charge of commercializing cannabis products, first in Germany, as well as marketing and medical education, with a field force with pharmaceutical experience.
U.S. Cannabis Seeds Market Scope
The cannabis seeds market is segmented on the basis of seed type, strain, compounds, 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.
- Regular Seeds
- Feminized Seeds
- Autoflowering Seeds
On the basis of seed type, the cannabis seeds market is segmented into regular seeds, feminized seeds and autoflowering seeds. The regular seeds segment is dominating the market as majority of the companies are manufacturing regular seeds and also they don't require many efforts and are easy to grow.
On the basis of strain, the cannabis seeds market is segmented into indica, hybrid and sativa.
- THC Dominant
- CBD Dominant
- Balanced THC and CBD
On the basis of compounds, the cannabis seeds market is segmented into THC dominant, CBD dominant and balanced THC and CBD. The THC segment is dominating as the THC is the psychoactive element of cannabis and it is highly required for medicinal purposes.
- Store Based Retailing
- Online/E-Commerce Retailing
On the basis of distribution channel, the cannabis seeds market is segmented into store based retailing and online/e-commerce retailing.
Type of Vendors
- Seeds Manufacturing Companies
On the basis of type of vendors, the cannabis seeds market is segmented into resellers, breeders and 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, U.S. 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.)
- 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)
- Crop King Seeds (Canada)
Research Methodology : U.S. Cannabis Seeds Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed 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 can 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. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, 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 https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=us-cannabis-seeds-market