Definition
A specialized market segment so specific that you're either a genius for discovering it or desperately grasping at straws. It's where businesses go to avoid competing with Amazon by selling something like artisanal yak wool iPhone cases. The sweet spot between 'untapped opportunity' and 'there's probably a reason nobody else is doing this.'
Example Usage
After failing in the crowded fitness market, Jennifer found her niche selling yoga mats specifically designed for cats.
Source: Common marketing and business terminology
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See “niche” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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