According to the report, North America dominates the seed market

With the rise of home growing and a growing understanding of cannabis genetics, the cannabis seed market is enjoying its heyday. Allied Market Research provides a report showing growth backed by data collected by its team of analysts focusing on multiple markets.

According to a new report by Allied Market, the global cannabis seeds market was valued at US$1.3 billion in 2021 and is estimated to reach US$6.5 billion by 2031, at a compound annual growth rate (CAGR) of 18, 4% from 2022 to 2031 corresponds to research paper titled “Cannabis Seed Market”.

“The cannabis seed market experienced a period of short-term negative growth due to the COVID-19 pandemic,” wrote Allied Market Research. “Factors such as a decline in product demand from large end-users, constrained operations in most industries, insufficient funding from research and academic institutes, and a disrupted supply chain have limited the overall growth of the market over time [the] pandemic time. However, [the] The market is now slowly recovering from the negative impact and is expected to capitalize on the growth momentum after 2022.

The Cannabaceae family of flowering plants includes the genus Cannabis, traditionally divided into Cannabis sativa, Cannabis indica, and Cannabis ruderalis, although some have abandoned the sativa/indica terminology.

The cannabis seeds market is divided into three categories: feminized, regular and autoflowering seeds. In terms of market size, the regular seed segment dominates.

The feminized seeds segment is also making an impact, growing moderately over the forecast period. Wild seeds grow in a 50/50 male to female ratio. But feminized seeds are genetically modified using a handful of methods and engineered to grow only female plants. This has several advantages for growers, but the most important is that pollinating male plants cannot destroy a crop and turn the flower into seed. This facilitates growth, saves a lot of time and helps farmers to produce plants with clones.

Autoflowering seeds contain ruderalis genetics crossed with potent strains to induce flowering regardless of light cycles, while plants normally only flower when exposed to a 12/12 hour light regime.

These tactics help growers tailor plants to their needs based on several outside factors.

In the report, the sales channels have been divided into specialty stores, wholesalers and distributors, and online sales channels. Regional markets were analyzed in North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa).

Wholesalers and distributors account for the lion’s share of sales channel size. However, the sales channel with the strongest growth is in the specialist shops segment. These are the stores that offer expert advice and detailed product specifications.

Benefits of Cannabis Seeds

In addition to cultivation, the seed market also includes the market for dietary supplements.

The seeds are great sources of protein, fiber and healthy fats, including omega-3 and omega-6 fatty acids. They also contain significant amounts of gamma-linolenic acid and arginine — compounds that help manage chronic pain, lower the risk of heart disease, and help control neurological and other problems.

They also contain calcium, potassium, vitamin E, sulfur, phosphorus, magnesium and zinc. However, those who can’t eat nuts, gluten, lactose or sugar can eat them because they’re high in vitamin E, adds Allied Market Research. The cannabis seeds market is growing due to the increasing demand for cannabis seeds in both the medical and recreational markets.

Cannabis seeds have also been marketed to aid digestion, promote weight loss, and offer various other benefits, some of which have yet to be proven. Over time, the data will provide more insight into the proven benefits.

To learn more about the cannabis seeds market, read the full report here.