Cannabis Seeds Market by Nature (Organic, Conventional), by Type (Feminized seeds, Regular seeds, Autoflowering seeds), by Distribution Channel (Specialty stores, Wholesalers and distributors, Online sales channel) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).
The global Cannabis Seeds Market size was estimated at USD 1.8 billion in 2023 and is projected to reach USD 5.9 billion in 2030 at a CAGR of 18.1% during the forecast period 2023-2030.
The cannabis seed is of an ovular shape, akin to that of a peppercorn, possessing a pointed configuration on both of its ends, and features a ridge that runs longitudinally from tip to tip on exclusively one side. Upon the germination of these seeds, the aforementioned ridge expands. The side opposite to that of the ridge is of a rounded nature. Although undeveloped and unfertilized seeds may be comparatively diminutive in size and occasionally exhibit an off-white hue, the seed's body is of a brownish appearance. The body of a marijuana seed is decorated with a pattern or stripes, which are frequently of a light brown hue, although certain cannabis cultivars may bear red or yellow markings. The plant embryos, which are enclosed within seeds, harbor all cells that will eventually differentiate into leaves, roots, and stems. The outer covering that envelops the embryos, which are situated within the reproductive organs, is referred to as the pericarp. The cotyledons, which manifest as the first leaves upon the seed's emergence, and the radicle, which matures into the primary root, constitute indispensable constituents of the plant embryo. The plant's growing tips are safeguarded by a specialized structure, identified as the root cap, once the seed has germinated and commenced its development into a mature plant.
The utilization of cannabis for medicinal purposes is currently undergoing a significant expansion as a greater number of individuals are becoming cognizant of its therapeutic benefits. Moreover, aside from its capacity to treat chronic pain, cannabis has also exhibited efficacy in managing neurological and other disorders. Furthermore, it alleviates nausea and vomiting that are commonly experienced as a result of chemotherapy. It is worth noting that chemotherapy-induced nausea and vomiting have a profound impact on patients. For instance, individuals with cancer who receive chemotherapy can benefit from the antiemetic properties of cannabinoids. Researchers posit that the capacity of cannabinoids to act on receptors that are non-serotonergic, including the CB1 receptor, is responsible for their ability to postpone nausea and vomiting in patients, although the precise mechanisms of action remain incompletely understood.
The spread of the COVID-19 pandemic led to disruptions in global supply chains due to lockdowns, restrictions, and reduced labor availability. This could have impacted the production and distribution of cannabis seeds, potentially leading to shortages or delays in availability. the cannabis industry has shown resilience and growth in many areas. If demand for cannabis products, including seeds, continued to rise, it could have offset some of the negative impacts of the pandemic.
The acceptance and utilization of medicinal cannabis is undergoing an evolution, which is evidenced by the increasing number of states that have legalized it for various indications. Despite the fact that cannabis has been legalized in 33 states and the District of Columbia, it has only been approved by the FDA for three indications, which are rare and severe forms of epilepsy, namely Dravet syndrome and Lennox-Gastaut syndrome, as well as to treat spasticity in multiple sclerosis (MS). Following the legalization of cannabis in various states of the United States, numerous health benefits of cannabis have been explored. It has been observed that cannabis plays a crucial role in the cosmetic industry, as its psychotropic ingredient CBD (Cannabidiol) has been found to possess anti-inflammatory and antioxidant properties, which can aid in the smoothing of skin and thickening of eyelashes. Following the legalization of products derived from industrial hemps, such as CBD, in 2018, through the second farm bill, the use of such products has grown exponentially. However, it is important to note that industrial hemp and its related products must comply with the FDA's regulatory requirements. Currently, cannabis is perceived as a lifestyle ingredient for well-being, rather than a mere recreational drug. Many of the leading cosmetic giants have introduced their cannabis-infused products into the market.
North America to Dominate the Market