The Middle East and Africa 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 a CAGR of 12.5% in the forecast period of 2020 to 2027 and is expected to reach USD 7,000,548.00 million by 2027. The rising awareness about the benefits of cannabis seeds and increasing number of health conscious consumers is helping the cannabis seeds market to grow in the region.
The cannabis seeds market is growing tremendously 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. 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 a 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.
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Competitive Landscape and Cannabis Seeds Market Share Analysis
The 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, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and source lifeline curve. The above data points provided are only related to the company’s focus related to the cannabis seeds market.
The major player covered in the Middle East and Africa cannabis seeds market report is Green House Seed Co. among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launches and agreements are also initiated by the companies’ worldwide which are also accelerating the cannabis seeds market.
Middle East and Africa Cannabis Seeds Market Country Level Analysis
Middle East and Africa cannabis seeds market is analysed and market size information is provided by the country, seed type, strain, compound, category, distribution channel and type of vendors as referenced above.
The countries covered in the Middle East and Africa cannabis seeds market report are South Africa, and Rest of Middle East and Africa.
South Africa is dominating in the Middle East and Africa cannabis seeds market since the demand for the cannabis seeds are more in the country as the country is legalized for medicinal and recreational use.
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 Middle East and Africa 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.
Raised Demand for Hydroponics Gardening of Cannabis at Home is an Opportunity for Middle East and Africa Cannabis Seeds market
The cannabis seeds market also provides you with detailed market analysis for every country growth in particular industry with cannabis seeds sales, impact of business expansion in the cannabis seeds and changes in regulatory scenarios with their support for the cannabis seeds market. The data is available for historic period 2010 to 2018.
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Cannabis Seeds Market Scope and Market Size
The cannabis seeds market is segmented into six notable segments which are bifurcated on the basis of seed type, strain, compound, category, distribution channel and type of vendors. 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.
- On the basis of seed type, the cannabis seeds market is segmented into regular seeds, feminized seeds and autoflowering seeds. In 2020, the feminized seeds segment is dominating the cannabis seeds market as the majority of the companies are manufacturing regular seeds and also they don’t require much effort and are easy to grow.
- 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 majority of the manufacturers have strains of indica and it is preferred more by people.
- On the basis of compound, the cannabis seeds market is segmented into THC dominant, CBD dominant and balanced THC CBD. In 2020, the THC dominant segment is dominating because THC is the psychoactive element of cannabis and it is highly required for medicinal purposes.
- On the basis of category, the cannabis seeds market is segmented into inorganic and organic. In 2020, inorganic segment is dominating as inorganic agriculture is increasing but in future the organic segment is set to increase as people are shifting towards organic products and also inorganic farming makes use of chemicals which may not be good for health.
- 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 dominating as people find it easy to purchase from stores and they can check the quality of products they are purchasing.
- On the basis of type of vendors, the cannabis seeds market is segmented into resellers, breeders and seeds manufacturing companies. In 2020, resellers segment is dominating as there is a large number of resellers as compared to breeders and seeds companies.
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Middle East and Africa Cannabis Seeds Market Report Answers the Following Questions:
- What are the key factors driving the growth of the Middle East and Africa Cannabis Seeds Market?
- How is the Middle East and Africa Cannabis Seeds Market segmented in terms of application and end-use industry?
- What are the major players in the Middle East and Africa Cannabis Seeds Market and what strategies are they implementing to gain a competitive edge?
- How does the Middle East and Africa Cannabis Seeds Market compare to other key fluoropolymer markets?
- What are the current and future trends in the Middle East and Africa Cannabis Seeds Market in terms of product development and innovation?
- How does the Middle East and Africa Cannabis Seeds Market differ by region and what are the major regional markets?
- What are the major challenges facing the Middle East and Africa Cannabis Seeds Market and how are key players addressing these challenges?
- What is the current and projected market size and growth rate of the Middle East and Africa Cannabis Seeds Market?
- What are the key distribution channels for products and how are they evolving in the global market?
- How does the Middle East and Africa Cannabis Seeds Market compare in terms of pricing and cost structure to other related materials?
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