According to the latest market study on Hemp seed market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Type, Class, Strain, and Distribution Channel,” The market is expected to grow from $1,217.4 million in 2021 to $4,642.6 million by 2028; is expected to grow at an annual growth rate Compound of 18.7% from 2021 to 2028.
Hemp is a genus of flowering plants in the cannabis family. Its three types are cannabis sativa, cannabis cannabis, and cannabis rhodealis. Hemp seeds are rich in protein. the basic; and healthy fatty acids, such as omega-3 and omega-6. The seeds are rich in the content of arginine (an amino acid) and gamma-linolenic acid (a fatty acid). These substances help reduce the risk of heart disease, treat chronic pain, and improve neurological and other conditions. Other nutrients found in these seeds are calcium, potassium, vitamin E, sulfur, phosphorous, magnesium and zinc. These are rich in vitamin E and can be eaten by those who cannot tolerate nuts, gluten, lactose or sugar.
The growing demand for cannabis from the medical industry and for recreational use is driving the growth of the cannabis seed market. In 2020, North America captured the largest share of revenue in the global cannabis seed market. The market is growing across the region due to increased legalization of cannabis for medicinal and recreational purposes in North America. Furthermore, the medical application of cannabis is expanding rapidly as consumers realize its medicinal benefits. The presence of companies such as Medical Marijuana Inc. ; Aphria Corporation; and Tilray, Inc. In North America the growth of the cannabis seed market in the region. Moreover, these companies are interested in mergers and acquisitions, as well as the expansion of their production areas, all of which will help boost the cannabis seed industry in the region in the coming years.
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Important vendors offering Cannabis Seeds include Christiania Seeds, Barney’s Souvenirs BV, Mountain Top Seed Bank, Paradise Seeds Family, Supreme Seed, Sensi Seeds, Serious Seeds, Sweet Seeds, Seed Vault, Dutch Passion
The medical application of cannabis is experiencing tremendous growth as consumers are becoming more aware of the medicinal benefits of cannabis. Cannabis helps treat chronic pain and improves neurological and other conditions. It also helps with nausea and vomiting caused by chemotherapy. Nausea and vomiting associated with chemotherapy are a significant burden for affected patients. Cannabis has been shown to be useful as an antiemetic for cancer patients undergoing chemotherapy. While the exact mechanisms of action are not well understood, researchers believe that the ability of cannabis to act on non-serotonin receptors such as CB1 receptors is responsible for its ability to delay nausea and vomiting in patients. In addition, cannabis has been used as a potential treatment for many neurological disorders, including epilepsy, amyotrophic lateral sclerosis (ALS), Huntington’s disease, Parkinson’s disease, dementia, and traumatic brain injury.
The ongoing COVID-19 pandemic has had a relatively moderate impact on the cannabis seed market. For example, according to the 2021 World Drug Report, during the pandemic in 2020, more than half (56%) of people who used cannabis in the past 12 months said they used the same amount of cannabis before the epidemic. Nearly a third (31%) of cannabis users aged 24 years or younger reported using more cannabis than those aged 25 and older (19%).
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Furthermore, hemp seeds boost the immune system, aid in the elimination of toxins, and aid in the healing process. Hemp seeds are high in omega-3 and omega-6 fatty acids that are good for health. Moreover, it is high in Vitamin E, minerals, trace elements (such as zinc, iron, magnesium, calcium and phosphorous), digestive fibers, antioxidants, chlorophyll and immune-boosting secondary botanicals. Hemp seeds contain a variety of compounds that are beneficial for heart health. One of these compounds, the amino acid arginine, is known to help improve blood flow in the body and help maintain optimal blood pressure. Nitric oxide, which is derived from the compounds in these seeds, is also responsible for helping to relax the muscles of the body and widening blood vessels to allow blood to flow freely. The seeds can help lower blood pressure significantly, reduce the possibility of blood clots, and provide a speedy recovery from heart attacks. Whole hemp seeds can help with digestive health, due to the soluble and insoluble fibers present in the seeds. Consequently, the increasing use of hemp for medicinal and therapeutic purposes has led to an increased demand for hemp seeds, driving the hemp seed market.
Hemp seed market by type
Feminization of seeds
Hemp seed market, by category
Hemp seed market, by strain
Hemp seed market, by distribution channel
Wholesalers and distributors
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