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What is a niche market?

What is a niche market? Here are some definitions.

Noun
  1. a relatively small and specialist, yet profitable, market
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Examples
What had been a niche market for technology nerds soon became a mass market as consumers discovered the benefits of computing, said Atherton.
The organic market, once a niche market, is gradually becoming more mainstream.
The company has a niche market in building roads and bespoke factories in Scotland.
European cinema may be something of a niche market, unlikely to yield high returns.
Horror is a great genre for beginning film directors because it is a niche market.
This distributor fills a niche market with indie films, documentaries, and other entertainment discs, and fills it well.

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