Thrive Market Announces New Retail Media Network Powered by Instacart

Thrive Market, the healthy and sustainable online grocery store carrying a curation of organic, non-GMO and health-conscious products, today announced its new retail media network in partnership with Instacart, the leading grocery technology company in North America. After growing to more than 1.5 million members, Thrive Market will leverage Instacart’s Carrot Ads solution to create a more personalized member experience and drive value for the high-quality and sustainable brands on its platform.

“Thrive Market’s personalized experience makes healthy living more accessible,” said April Lane, Thrive Market’s Chief Merchandising Officer. “This partnership redefines how our members can find products that fit their family’s needs, reducing the cognitive load and making shopping easier with Instacart’s Carrot Ads Solution.”

Carrot Ads extends Instacart’s ad technology and sales capabilities to support retail partners, like Thrive Market, in building and growing their own retail media networks on their owned websites and apps.

“Retail media has emerged as one of the ad industry’s fastest growing media channels because of its performance for advertisers and personalization for consumers. We’re proud to extend our ad technology to Thrive Market and bring their vision for a retail media network to life with Carrot Ads. Our new partnership will offer brands of all sizes a powerful, scaled ad platform to connect directly with Thrive Market’s engaged audience,” said Instacart’s Chief Business Officer Chris Rogers.

Using Carrot Ads, brands can meaningfully connect with Thrive Market’s members, introducing relevant products and simplifying the purchase process to enhance their shopping experience. Brand partners will be able to target specific campaigns to consumers shopping on Thrive Market’s website, enabling them to drive measurable growth. Brands will be able to access self-service tools to easily set up, manage and monitor their campaigns, as well as optimized bidding options to drive specific business goals like acquisition and sales. These self-service capabilities are particularly important for many up-and-coming emerging brands available on Thrive Market. Advertisers will also have access to critical metrics including attributed sales, return on ad spend (ROAS) and more.

Brands will be able to run campaigns leveraging Instacart’s sponsored product and display advertising solutions on Thrive Market’s website and app. Sponsored product ads help brands drive sales throughout the shopping experience and display ads allow brands to showcase engaging creative, driving product discovery as consumers are actively building their baskets. This offers Thrive Market members seamless access to high-quality products curated to match their needs in the right place, at the right time.

Today’s announcement also expands the opportunities for brand partners by:

• Maximizing Reach and Exposure Seamlessly: Brands already running Instacart Ads campaigns will automatically and seamlessly extend their reach to include Thrive Market’s ecommerce experience, enhancing exposure and engaging more relevant audiences.
• Unlocking New Opportunities for Innovative Brands: Known for its health-conscious and high-quality products, Thrive Market, together with Carrot Ads, provides a valuable platform for emerging brands to grow awareness and inspire trial among consumers.

Carrot Ads capabilities on Thrive Market will be available to brands in the coming months.