Meaning of the word "consumer market" in English

What does "consumer market" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

consumer market

US /kənˈsuː.mər ˌmɑːr.kɪt/
UK /kənˈsuː.mər ˌmɑːr.kɪt/
"consumer market" picture

Noun

1.

the market in which goods and services are sold to consumers for their own use

Example:
The company is trying to expand its reach in the consumer market.
New technologies are constantly reshaping the consumer market.
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