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Hyperlocal Services Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Global Hyperlocal Services Market- (By Type - Food Ordering, Grocery Ordering, Home Utility Service, Logistic Service Providers, and Others; By Nature - Goods Delivery and Utility Services; and By Region) - Industry Dynamics, Market Size and Opportunity Forecast, 2030

  • Published On: 11-May-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0522232
    Delivery: 2 to 4 Hours
Hyperlocal Services Market

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Market Size Value in 2021US$ 1,344.7 Million
Expected Revenue in 2030US$ 4,681.3 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2030
UnitValue (USD Mn)
Segments coveredBy Type, By Nature, By Region
Key Companies                                                                    Berkem, International Flavors & Fragrances, Inc., Kuber Impex Ltd, Nantong Sihai Hyperlocal Services Co., Ltd., and Naturex  and other prominent players
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Hyperlocal services ensure product delivery at a great speed that too from the customer’s very local trusted store.

The service ambit of a hyperlocal business could fall anywhere starting from a few meters to a few kilometers from the location of the business.

The Global Hyperlocal Service Market was valued at US$ 1,344.7 Mn in 2021.

The Global Hyperlocal Service Market is forecasted to expand at a CAGR of 15.8% over the projection period.

The market is majorly driven by factors such as increasing smartphone penetration & digitalization across countries and rising adoption of urban culture & increasing working population.

Rising competition and the problem of determining appropriate geographical location is hindering market growth. 

Increasing small & medium business is providing an emerging opportunity for market expansion.

Home utility services hold the highest share in the Global Hyperlocal Service Market in 2021.

North America dominates the Global Hyperlocal Service Market in 2021.

The Asia Pacific region holds the highest CAGR over the forecast period.

The key players in the Global Hyperlocal Services Market are Berkem, International Flavors & Fragrances, Inc., Kuber Impex Ltd., and Naturex, among others.