Cannabis Seeds Market To See Worldwide Massive Growth, Industry Trends, Forecast 2029

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The Global Cannabis Seeds Market Growth Globally at a rate of 18.70% in the forecast period 2022 to 2029

The universal Global Cannabis Seeds Market report is divided into numerous characters which include manufacturers, region, type, application, market status, market share, growth rate, future trends, market drivers, opportunities, challenges, emerging trends, risks, entry barriers, sales channels, and distributors. All of these are again described in the report as required to define the topic and provide maximum information for better decision making. A number of estimations and calculations have been included in this market report by assuming a definite base year and the historic year. What is more, the Global Cannabis Seeds Market research report also provides a careful investigation of the current state of the market which covers several market dynamics.

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Market Analysis and Insights - Global Cannabis Seeds Market

In recent years, cannabis seeds have shown a considerable increase in demand across the globe and are 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.

Global Cannabis Seeds Market was valued at USD 1,445.05 million in 2021 and is expected to reach USD 5,694.95 million by 2029, registering a CAGR of 18.70% during the forecast period of 2022-2029. The "regular seeds" accounts for the largest seed type segment in the cannabis seeds market within the forecasted period as the majority of the companies are manufacturing regular seeds and also they don't require much effort 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 behaviour.

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.

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Key Players Global 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)

The Global Cannabis Seeds Market Size

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.

Restraints/Challenges

In June 2021, Canopy Growth, one of the world's largest cannabis companies, 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 realized within the next two years.
In March 2021, STADA Arzneimittel AG, one of Germany's leading pharmaceutical companies, 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 and marketing and medical education, with a field force with pharmaceutical experience.

The Global Cannabis Seeds Market Country Level Analysis

The cannabis seeds market is analyzed and market size insights and trends are provided by country, seed type, strain, compounds, distribution channel and type of vendors as referenced above.

The countries covered in the cannabis seeds market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).

North America dominates the cannabis seeds market as there is growing demand for indoor farming in the United States. Approximately 45 states of the USA have legalized the utilization of the cannabis-based products and seeds within the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 as there is China with the highest market share owing to the demand for the cannabis seeds as the country is legalized for medicinal and recreational use.

The Global 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 the cannabis seeds market.

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Global Cannabis Seeds Market Report Answers the Following Questions:

How much revenue will the Global Cannabis Seeds Market generate by the end of the forecast period?
Which market segment is expected to have the maximum market share?
What are the influencing factors and their impact on the Global Cannabis Seeds Market ?
Which regions are currently contributing the maximum share of the overall Global Cannabis Seeds Market ?
What indicators are likely to stimulate the Global Cannabis Seeds Market ?
What are the main strategies of the major players in the Global Cannabis Seeds Market to expand their geographic presence?

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on Feb 15, 23