Meaning of the word "market niche" in English
What does "market niche" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
market niche
US /ˈmɑːrkɪt niːʃ/
UK /ˈmɑːrkɪt niːʃ/
Noun
1.
a small but profitable segment of a market suitable for focused attention by a marketer
Example:
•
The company found its market niche by specializing in organic pet food.
•
Identifying a profitable market niche is crucial for startups.
Learn This Word at Lingoland