The North America Cannabis Seeds Market Growth at a rate of 14.5% in the forecast period 2022 to 2029
Market Analysis and Insights - North America Cannabis Seeds Market
The cannabis seeds market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 14.5% in the forecast period of 2020 to 2027 and expected to reach USD 245.86 thousands by 2027.
Highly legalized region and demand for the cannabis seeds are high hence revenue generation is also high which is helping the market to grow in the region.
The cannabis seeds market is growing tremendously in the U.S. with the legalization of cannabis in 33 out of 50 states. The cannabis seeds are instrumental to the type of cannabis plants grown. These seeds can be of various types, including regular, auto-flower and feminized depending on the type of plant to be grown. Various seedbanks have been established in the countries such as U.S. to distribute cannabis seeds in local territories such as Dinafem Seeds Cannabis Seeds USA, among others. The breeding of strains is done to produce the desired quality of strains. The cannabis seeds have two very important chemicals in them namely, Cannabidiol (CBD) which is non-psychoactive element and Tetrahydrocannabinol (THC) which is the psychoactive element. Depending on them there are two seed varieties which are Cannabidiol (CBD) and Tetrahydrocannabinol (THC) dominant.
This cannabis seeds market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographical expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
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The North America Cannabis Seeds Market Size
Cannabis seeds market is segmented into four notable segments which are bifurcated on the basis of seed type, strain, compound, category, distribution channel and type of vendor. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
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On the basis of seed type, the cannabis seeds market is segmented into regular seeds, feminized seeds and autoflowering seeds. In 2020, feminized seeds segment is dominating the market as the demand for the seed type in market among grower is high due to high production of THC and CBD compounds which plays an important role for medicinal or recreational purposes.
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On the basis of strain, the cannabis seeds market is segmented into indica, hybrid and sativa. In 2020, Indica segment is dominating the market as the preference for Indica dominant is high in the market. It decreases nausea, helps treat acute pain, reduces anxiety and helps in combating seizures.
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On the basis of compound, the cannabis seeds market is segmented into THC dominant, CBD dominant and balanced THC & CBD. In 2020, the THC segment is dominating as the demand for the seeds with THC compound is high. THC compounds activate the psychoactive and help patients to take relief.
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On the basis of category, the cannabis seeds market is segmented into inorganic and organic. In 2020, the inorganic segment is dominating as high medicinal properties of cannabis such as relief in pain, anxiety, stress, mental disorders, among others boosted the overall cannabis sector. Whereas, growing demand of the clean labeled CBD based food and beverages and rising awareness towards the same have boosted the market opportunity for organic based Cannabis.
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On the basis of distribution channel, the cannabis seeds market is segmented into store based retailing and online/e-commerce retailing. In 2020, store based retailing segment is Store based retailing aids in assuring loyalty as sales representatives can convey features and quality associated with products through personal interaction with their customers. Moreover, it helps customers to understand more about the product and thus enables better and more informed purchase decisions.
North America Cannabis Seeds Market Country Level Analysis
Cannabis seeds market is analysed and market size information is provided by seed type, strain, compound, category, distribution channel and type of vendor.
The countries covered in the cannabis seeds market report are the U.S., Canada and Mexico.
The United States has the highest market share as approximately 45 states of the USA have legalized the utilization of cannabis based products and seeds.
The country section of the cannabis seeds market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
North America Cannabis Seeds Market Share Analysis
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, regional presence, 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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Key Players North America Cannabis Seeds Market
The major players covered in the report are Seed Cellar, HUMBOLDT SEED COMPANY, BARNEY'S FARM, CANNABIS SEEDS USA, Dinafem Seeds, Tropical Seeds Co., Sweet Seeds, Serious Seeds, Sensi Seeds, Green House Seed Co., I Love Growing Marijuana, Pyramid Seeds, Seeds For Me, DeliciousSeeds, Christiania Seeds, Nymera, Royal Queen Seeds, Dutch Passion, Paradise Seeds B.V., Amsterdammarijuanaseeds, and Crop King Seeds, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
North America Cannabis Seeds Market Report Answers the Following Questions:
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How much revenue will the North America Cannabis Seeds Market generate by the end of the forecast period?
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Which market segment is expected to have the maximum market share?
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What are the influencing factors and their impact on the North America Cannabis Seeds Market ?
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Which regions are currently contributing the maximum share of the overall North America Cannabis Seeds Market ?
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What indicators are likely to stimulate the North America Cannabis Seeds Market ?
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What are the main strategies of the major players in the North America Cannabis Seeds Market to expand their geographic presence?
New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC @
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