Cannabis Seeds Market To Observe Highest CAGR Growth of 18.70 by 2029 | Market Analysed by Growth, Trends, Share, Industry Size and Key Player Analysis

NEW YORKJuly 19, 2022 /PRNewswire/ — Data Bridge Market research has recently released expansive research titled “Global Cannabis Seeds Market” guarantees you will remain better informed than your competition. This study provides the broader perspective of the market place with its comprehensive market insights and analysis which eases surviving and succeeding in the market. The Cannabis Seeds report includes a range of inhibitors as well as driving forces of the market which are analysed in both qualitative and quantitative approach so that readers and users get precise information and insights about this industry. Statistical data mentioned in the report is symbolized with the help of graphs which simplifies the understanding of facts and figures. The Cannabis Seeds report helps define commerce strategies to the businesses of small, medium as well as large size. The analysis and estimations conducted via this report help to get an idea about the product launches, future products, joint ventures, marketing strategy, developments, mergers and acquisitions and effect of the same on sales, marketing, promotions, revenue, import, export, and CAGR values.

According to Data Bridge Market Research, 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.

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Market Overview:-

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.

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.

Key Players:-

  • Seed Cellar (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)

Recent Developments

  • 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 realized 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 and marketing and medical education, with a field force with pharmaceutical experience.

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