Cannabis Seeds Market Size was valued at USD 0.38 Billion in 2022. The Cannabis seed market industry is projected to grow from USD 0.43 Billion in 2023 to USD 1.36 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 15.20% during the forecast period (2023 - 2032). Increased trends in home cultivation and novel product development with increasing R&D activities are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Cannabis Seeds Market Trends
The Cannabis Seeds market is experiencing a significant trend driven by the ongoing global trend of cannabis legalization for medicinal and recreational purposes. As more countries and regions legalize the cultivation of cannabis, there is a surge in demand for high-quality Cannabis Seeds. This trend is fostering market expansion, allowing legal cultivation, and boosting the overall growth of the Cannabis Seeds market. This factor drives the market CAGR.
Additionally, cannabis enthusiasts and cultivators are placing a growing emphasis on genetic diversity within cannabis strains. This trend is driven by a desire to discover unique and tailored characteristics, flavors, and effects. As a result, there is a rising demand for specialty and heirloom Cannabis Seeds, promoting genetic diversity and enabling growers to cultivate plants with distinct attributes.
Advancements in seed breeding technologies are shaping the Cannabis Seeds market. Breeders are utilizing sophisticated techniques such as genetic sequencing, marker-assisted breeding, and innovative cultivation practices to develop strains with enhanced traits, including higher potency, improved yields, and specific medicinal properties. This technological evolution is driving the market towards more sophisticated and specialized Cannabis Seeds, meeting the evolving preferences of both recreational and medicinal users. For instance, in 2021, Germany's STADA Arzneimittel AG partnered with Canadian firm MediPharm Labs, a strategic move entering the medical cannabis market. This partnership reflects the pharmaceutical industry's acknowledgment of the expanding market for medical cannabis products, showcasing a notable pharmaceutical player adapting to evolving consumer demands and regulatory landscapes in Germany. Thus, driving the Cannabis Seeds market revenue.
The Cannabis Seeds market segmentation, based on Nature, includes organic and conventional. The dominating category is conventional, which is widely utilized in traditional agriculture practices. Conventional seeds have been the preferred choice for many growers due to their established availability, lower cost, and familiarity within the agricultural community. Conversely, the fastest-growing category is Organic seeds, driven by the increasing demand for organic and sustainable farming practices.
The Cannabis Seeds market segmentation, based on Type, includes feminized seeds, regular seeds, and auto-flowering seeds. The dominating category is regular seeds, which traditionally held a significant market share. Regular seeds are known for their natural genetic variability, appealing to experienced growers who seek to develop their cannabis strains and maintain genetic diversity. On the other hand, the fastest-growing category is Autoflowering seeds. This category's popularity is surging due to the convenience it offers in terms of quicker harvest cycles and reduced dependency on specific light conditions.
The Cannabis Seeds market segmentation, based on the Distribution Channel, includes specialty stores, wholesalers and distributors, and online sales channels. Specialty stores currently dominate the distribution channel, holding a prominent position in catering to the diverse needs of cannabis enthusiasts. Specialty stores offer a personalized and knowledgeable shopping experience, attracting consumers seeking expert advice and a wide variety of cannabis seed options. Meanwhile, the fastest-growing category is the online sales channel. The convenience, extensive product selection, and discreet shopping experiences provided by online platforms contribute to their rapid growth.
Figure 1: Cannabis Seeds Market, by Distribution channel, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Cannabis Seeds market area will dominate this market, owing to the robust cannabis industry infrastructure that will boost market growth in this region.
Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: CANNABIS SEEDS MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Cannabis Seeds market accounts for the second-largest market share due to the low cost of bariatric surgery and the rise in the number of diabetes people. Further, the German Cannabis Seeds market held the largest market share, and the UK Cannabis Seeds market was the fastest-growing market in the European region.
The Asia-Pacific Cannabis Seeds Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the growing acceptance of medical cannabis and a rising number of home growers. Moreover, China’s Cannabis Seeds market held the largest market share, and the Indian Cannabis Seeds market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Cannabis Seeds market grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Cannabis Seeds industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Cannabis Seeds industry to benefit clients and increase the market sector. In recent years, the Cannabis Seeds industry has offered some of the most significant advantages. Major players in the Cannabis Seeds market, including Paradise Seeds, I Love Growing Marijuana, Seed Supreme, Mountain Top Seed Bank, Christiania Seeds, Barney’s Souvenirs BV, Sensi Seeds, Dinafem Seeds, Green House Seed Co., DELICIOUSSEEDS., and others, are attempting to increase market demand by investing in research and development operations.
Royal Queen Seeds is a well-known cannabis seed company based in the Netherlands. They specialize in producing and selling a variety of Cannabis Seeds, including both feminized and auto-flowering seeds. Royal Queen Seeds is recognized for its commitment to quality genetics, extensive seed catalog, and global presence. In June 2021, Canopy Growth, a leading cannabis company, acquired The Supreme Cannabis Company, acquiring all of the company's issued and outstanding common shares.
Canopy Growth was established in 2013 by Bruce Linton and Chuck Rifici, with its headquarters located in Smiths Falls, Ontario, Canada. The company is active in the cannabis industry, engaging in the growth, processing, and distribution of cannabis products. Its range of offerings includes dried flowers, oils, soft gel capsules, and beverages. Canopy Growth has extended its global presence and operates in multiple countries, such as Canada, the United States, Germany, and others. In June 2021, Canopy Growth, a leading cannabis company, acquired The Supreme Cannabis Company, acquiring all of the company's issued and outstanding common shares.
March 2021: with a deal with MediPharm Labs, a Canadian company, STADA Arzneimittel AG, one of Germany's leading pharmaceutical companies, entered the medical cannabis market.
September 2022: two of the genotypes developed by the BULGARIAN company CBD Seed Europe, which claims to yield record levels of cannabidiol, were registered on the European Seed Register. Most registered CBD seeds on the European Common Catalogue have 5% to 6% CBD concentrations.
| Report Attribute/Metric | Details |
| Market Size2022 | USD 0.38 Billion |
| Market Size 2023 | USD 0.43 Billion |
| Market Size2032 | USD 1.36 Billion |
| Compound Annual Growth Rate (CAGR) | 15.20% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Nature, Type, Distribution Channel, and Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Paradise Seeds, I Love Growing Marijuana, Seed Supreme, Mountain Top Seed Bank, Christiania Seeds, Barney’s Souvenirs BV, Sensi Seeds, Dinafem Seeds, Green House Seed Co., DELICIOUSSEEDS, and others. |
| Key Market Opportunities | · Increased trend in home cultivation |
| Key Market Dynamics | · Novel product development with increasing R&D activities |
Frequently Asked Questions (FAQ) :
The Cannabis Seeds market size was valued at USD 0.38 Billion in 2022.
The global market is projected to grow at a CAGR of 15.20% during the forecast period, 2023-2032.
North America had the largest share in the global market
The key players in the market are Paradise Seeds, I Love Growing Marijuana, Seed Supreme, Mountain Top Seed Bank, Christiania Seeds, Barney’s Souvenirs BV, Sensi Seeds, Dinafem Seeds, Green House Seed Co., DELICIOUSSEEDS, and others.
The Regular seeds category dominated the market in 2022.
The Specialty stores segment had the largest share in the global market.
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