Cannabis Seeds Market Research, 2031
The global cannabis seeds market was valued at $1.3 billion in 2021, and is projected to reach $6.5 billion by 2031, growing at a CAGR of 18.4% from 2022 to 2031.
The cannabis seed is ovular in shape, about the size of a peppercorn, pointy on both ends, and has a ridge that runs longitudinally from tip to tip on only one side. When seeds germinate, this ridge widens up. The rounded side is the one opposite. Although undeveloped and unfertilized seeds are often smaller in size and sometimes have an off-white appearance, the body of the seed is brown. The body of a marijuana seed is patterned or striped, most frequently with light brown specks, however certain cannabis cultivars might have red or yellow markings. All cells that will eventually differentiate into leaves, roots, and stems are found in plant embryos, which are enclosed within seeds. The pericarp is the outer covering that surrounds embryos, which are found inside the reproductive organs. The cotyledons, which emerge from the seed as the first leaves, and the radicle, which matures into the major root, are essential parts of the plant embryo. A specific structure known as a root cap shields the plant's growing tips once the seed germinates and starts to develop into a mature plant.
The use of cannabis for medical purposes is expanding dramatically as more people become aware of its therapeutic advantages. In addition to treating chronic pain, cannabis also helps neurological and other diseases. The nausea and vomiting brought on by chemotherapy are also alleviated. Chemotherapy-related nausea and vomiting place a heavy strain on the patients who experience them. For cancer patients receiving chemotherapy, cannabinoids have been demonstrated to be effective antiemetics. Researchers think that the ability of cannabinoids to act on non-serotonergic receptors, such as the CB1 receptor, is the reason for their capacity to delay nausea and vomiting in patients, even though the precise mechanisms of action are not fully understood.
Additionally, cannabis seeds industry support the healing process, strengthen the immune system, and aid in the removal of pollutants. Omega-3 and omega-6 fatty acids, which are good for health, are abundant in cannabis seeds. They also include significant amounts of vitamin E, minerals, fiber, antioxidants, chlorophyll, and immune-stimulating secondary plant compounds. Numerous substances found in cannabis seeds are beneficial to heart health. The amino acid arginine, one of these substances, is well known for helping to maintain healthy blood pressure and to promote blood flow throughout the body. The substances included in these seeds give rise to nitric oxide, which is also responsible for helping to relax the body's muscles and enlarge the blood vessels to promote free blood flow.
The global cannabis seeds market demand is analyzed on the basis of nature, type, distribution channel, and region. By nature, the market is divided into organic and conventional. By type, the market is divided into feminized seeds, regular seeds, and autoflowering seeds. By distribution channel, it is classified into specialty stores, wholesalers and distributors, and online sales channel. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The conventional segment, as per nature, dominated the global medical cannabis seeds market size in 2021 and is anticipated to maintain its dominance throughout the forecast period. Conventional cannabis seeds are the types of cannabis seeds that are genetically engineered or modified to gain superior characteristics. These seed can also contain the hybrid varieties of cannabis that fare well in diverse climatic and soil conditions and yield good crops that are disease resistant and of the optimum quality.
The regular seeds segment dominates the global cannabis seeds market size. Regular cannabis seeds market forecast the most easily available seeds in the market. These seeds are most commonly used for commercial production of cannabis as they help in the production of buds and pollen which can further produce seeds and also produce buds.
The specialty stores segment exhibits the fastest growth in the global cannabis seeds market share. Specialty stores provide high-quality service and detailed product specification & expert guidance to customers. The continuously evolving retail industry along with changes in consumer behavior and improvement in overall lifestyle across the world have led to introduction of specialized retail formats.
Region wise, North America dominated the cannabis seeds market trends with the largest share during the forecast period. The majority of the states in the U.S. have either legalized or decriminalized cannabis, and have allowed consumers to purchase and grow cannabis at their discretion. Many consumers averse to purchasing cannabis from stores have started growing their own cannabis to ensure the products' quality and freshness.
Intellectual property rights (IPR) consist of patents, trade secrets, copyrights, know-how, franchises, and trademarks. IPRs are regarded as the transmission gear at the nexus of innovation, business, and law. There are many IPRs such as utility patents, plant breeders’ rights, and plant patents to protect the intellectual property rights of cannabis. Cannabis patents in agricultural technology aimed at increasing output, efficiency, and quality are being submitted and granted. These Agritech-focused patents represent unique creative and applicable medical cannabis research discoveries that solve particular cannabis cultivation concerns, such as cannabis crop protection, maximizing cannabis output, cannabis harvesting, post-harvesting, and new favorable types. Patents on ex planta and in planta cannabis gene expression have been issued recently, while patents on cannabinoid extraction technologies have grown significantly resulting in the growth of the cannabis seeds market size.
There are many myths related to cannabis seeds market growth. Many investors believe that COVID-19 has had a negative impact on the cannabis industry and it is impossible to measure return on investment with cannabis marketing due to which they are not interested to risk their money in such a sector. Moreover, they also believe that cannabis consumer marketing is a risky business and it’s better to stick to in-store shops only. There are some other myths prevalent in the market that there is little to no data available about cannabis consumers due to which they feel it becomes difficult to estimate the returns or profits from the business and this factor also restricts the growth of the business.
Recreational marijuana use is generally understood to be the use of marijuana for enjoyment rather than for medicinal purposes. Marijuana may be utilized in a variety of ways. It's commonly smoked as a dry, shredded combination of green and brown flowers, stems, seeds, and leaves. It can be smoked in the form of a cigarette (joint), a pipe or bong, or a blunt. A blunt is a stub of a cigar that has been stuffed with marijuana. It can also be mixed with meals or brewed into tea. The tops of female plants are used to make hashish, a more concentrated version. It has the greatest THC content. It is frequently crushed into little, firm bits that resemble mini chunks of chocolate. These are frequently placed into normal cigarettes and smoked. The market for cannabis seeds market size is also anticipated to expand due to factors including the expanding use of cannabis and its derivatives as a raw material by businesses to create innovative cannabis-infused goods during the forecast period.
The major players analyzed for the cannabis seeds industry are Barney’s Souvenirs BV, Christiania Seeds, DELICIOUSSEEDS, Dinafem Seeds, Dutch Passion, Green House Seed Co., I Love Growing Marijuana, Mountain Top Seed Bank, Paradise Seeds, Seed Cellar, Seed Supreme, Sensi Seeds, Tropical Seeds Co., and Royal Queen Seeds. Key players operating in the cannabis seeds market growth have adopted product launch, business expansion, and mergers & acquisitions as key strategies to expand their cannabis seeds market share, increase profitability, and remain competitive in the cannabis market opportunity.
Competition is high among existing players owing to the rise in demand for cannabis and derived products coupled with technological advancements. Investors from all over the world have been influenced by the marijuana sector, and it is clear that their money has been used wisely. Cannabinoid biosynthesis is a brand-new, innovative technique that has shown to be an economical way to produce CBD, THC, and other cannabinoids. The top medical marijuana industry growth generators are now investing in this medical marijuana technology with the hope that it will transform the whole cannabis supply chain. This emerging extraction technique makes use of microorganisms to build yeast strains that can produce valuable cannabinoids and increase the value of the marijuana market. It is expected that the technology will reduce the cost of production, raise the standard, and reduce the overall price of cannabis products.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cannabis seeds market analysis from 2021 to 2031 to identify the prevailing cannabis seeds market opportunity.
- The market research is offered along with information related to key drivers, restraints, and cannabis seeds opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the cannabis seeds segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global cannabis market opportunity.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global cannabis seeds market trends, key players, market segments, application areas, and market growth strategies.
Cannabis Seeds Market Report Highlights
| Aspects | Details |
 By Nature |
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 By Type |
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 By Distribution Channel |
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 By Region |
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 Key Market Players | Royal Queen Seeds , Paradise Seeds, Christiania Seeds, Mountain Top Seed Bank, I Love Growing Marijuana, Seed Supreme, Dinafem Seeds, Tropical Seeds Co., Barney’s Souvenirs BV, DELICIOUSSEEDS, Crop King Seeds, Dutch Passion, Seed Cellar, Sensi Seeds, Green House Seed Co. |
Analyst Review
The perspectives of the leading CXOs in the cannabis seeds industry are presented in this section. The CXOs claim that this cannabis seeds market opportunity have shown a sharp rise in demand in recent years, and this trend is expected to continue over the projection period. The large consumer base and widespread acceptance of its therapeutic benefits are pushing businesses to expand internationally, which is accelerating the geographic expansion of the cannabis market opportunity. The market has grown significantly as a result of greater adoption, which also drives up market demand.
According to CXOs, in the cannabis seed market, "regular seeds" account for the majority of seed types because they are produced by the majority of businesses, don't require much work to grow, and are also simple to cultivate.
The CXOs further added that due to the rising demand for indoor cultivation in the U. S., North America dominates the global market for cannabis seeds. A total of 45 U.S. states have passed laws making it legal to use cannabis-based products and seeds there. Since China currently holds the largest market share due to the demand for cannabis seeds as a result of the country's legalization of the drug for both medical and recreational purposes, Asia-Pacific is anticipated to have substantial expansion during the forecast period.
The global cannabis seeds market size was valued at $1,283.8 million in 2021, and is projected to reach $6,543.6 million by 2031, registering a CAGR of 18.4% from 2022 to 2031.
The forecast period in the cannabis seeds market report is 2022 to 2031.
The base year calculated in the cannabis seeds market report is 2021.
The top companies analyzed for global cannabis seeds market report are Barney’s Souvenirs BV, Christiania Seeds, DELICIOUSSEEDS, Dinafem Seeds, Dutch Passion, Green House Seed Co., I Love Growing Marijuana, Mountain Top Seed Bank, Paradise Seeds, Seed Cellar, Seed Supreme, Sensi Seeds, Tropical Seeds Co., and Royal Queen Seeds.
The conventional segment is the most influential segment in the cannabis seeds market report.
North America holds the maximum market share of the cannabis seeds market.
The company profile has been selected on the basis of key developments such as partnership, product launch, merger and acquisition.
The market value of the cannabis seeds market in 2021 was $1,283.8 million.
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