With the expanding usage of the internet, there are various industries that are thriving in today's competitive market. The on-demand grocery app like instacart is one such example that has undergone major developments.
There is a lot of demand for online grocery applications. In 2021, it accounted for 45% of the U.S. grocery delivery market, only surpassed by the retail giant Walmart.
The US Instacart Grocery Sales will be estimated to be worth $35 billion by 2023.
Market growth is mostly attributable to shifting consumer preferences and an expanding urban population.
There is a growing trend of people buying groceries online. With busy schedules and more disposable incomes, shoppers are increasingly turning to online grocery shopping platforms rather than visiting actual stores to get their daily necessities.
People who have never purchased groceries online have begun to do so and said they will keep ordering in the future as well.
InstaCart's Grocery Sales Value in the U.S. in 2019-2023
According to Statista, In 2021, the grocery delivery service generated about 26 billion U.S. dollars in sales. By 2023, the company's sales in its home market could reach 35 billion U.S. dollars. Also, the latest Instacart receives funding of $232 Million.
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