develop a market

USAGE SUMMARY

"develop a market" is a correct phrase and can be used in written English.
It means to create or establish a market for a product or service. Example: The company plans to develop a market for their new organic skincare line by targeting environmentally conscious consumers.

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

34 human-written examples

It will take vision to develop a market approach where consumers realize the true benefits of choice.

The New York Times

"First we have to accept that robots are a part of our society and then develop a market for them.

The Guardian - Tech

"We try to develop a market of the 'coup de coeur,' where the heart speaks before the wallet".

The New York Times

"We think this technology is very, very critical technology, and we definitely intend to license single-integration technology to develop a market for the consumer," Mr. Balsillie said.

The New York Times

"My task as asset manager has not only been to build a floating turbine, but to try to develop a market," he said.

The New York Times

If we can develop a market for snakehead fish an exotic, invasive aquarium species out of the Chesapeake, we can create a market for kelp".

The New Yorker

Human-verified similar examples from authoritative sources

Similar Expressions

25 human-written examples

To initiate this process, marketers develop a marketing plan consisting of measurable goals and strategies to achieve them.

Huffington Post

Carrefour, the world's second-largest retailer after Wal-Mart Stores, said the deal was part of the company's strategy to focus on regions where it could develop a market-leading position.

The New York Times

Think of people in the survey business, trying to predict elections or develop a marketing campaign.

The New Yorker

They can simply offer advice, but can also develop a marketing strategy, book theaters and collect the money.

The New York Times

Further, government interventions in the trans-Himalayan region of northern India to develop a market-based economy led to higher preference for goats.

Pastoralism

Expert writing Tips

Best practice

When using the phrase "develop a market", clearly define your target audience and tailor your strategies to their specific needs and preferences.

Common error

Avoid using "develop a market" when you actually mean conducting marketing activities within an existing market. Market development involves creating a new market or significantly expanding an existing one, while marketing focuses on promoting and selling products or services within a defined market.

Linguistic Context

The phrase "develop a market" functions as a verb phrase followed by a noun phrase, indicating an action aimed at creating or expanding a marketplace. It suggests a proactive effort to establish demand and infrastructure for a specific product, service, or idea, as seen in many Ludwig examples.

Expression frequency: Common

Frequent in

News & Media

62%

Science

17%

Formal & Business

11%

Less common in

Wiki

7%

Encyclopedias

0%

Reference

0%

Ludwig's WRAP-UP

The phrase "develop a market" is a common and correct expression, as confirmed by Ludwig AI, indicating the action of creating or expanding demand for a product or service. It is most frequently used in news and media, science, and formal business contexts. When using the phrase, it's important to focus on defining your target audience and tailoring your strategies. Remember to avoid confusing market development with simple marketing activities. Several authoritative sources, including The New York Times and The Guardian, frequently employ the phrase in their reporting.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Create a market

Focuses on the act of bringing a new market into existence.

Cultivate a market

Emphasizes nurturing and growing a market over time.

Expand a market

Highlights the growth and enlargement of an existing market.

Establish a market

Stresses the setting up and firm establishment of a market.

Build a market

Implies a gradual and structured construction of a market.

Pioneer a market

Suggests being the first to create or enter a specific market.

Foster a market

Highlights the support and encouragement given to a market to help it develop.

Grow a market

Focuses on the increasing size and scope of a market.

Shape a market

Implies influencing the direction and characteristics of a market.

Nurture a market

Suggests carefully tending to a market to promote its healthy development.

FAQs

How can I use "develop a market" in a sentence?

You can use "develop a market" when discussing strategies to create demand for a new product, service, or idea. For example, "The company aims to "develop a market" for sustainable building materials by educating consumers and working with architects".

What's the difference between "develop a market" and "grow a market"?

"Develop a market" often implies creating a new market or tapping into an underserved one, while "grow a market" suggests expanding an existing market. They are similar, but “develop” can indicate more foundational work.

What can I say instead of "develop a market"?

You can use alternatives like "create a market", "cultivate a market", or "expand a market" depending on the context.

Is it better to "develop a market" or "penetrate a market"?

It depends on your goal. "Develop a market" is about creating or expanding demand, while "penetrate a market" is about increasing your share within an existing market. If the market is new or underserved, ""develop a market"" is more appropriate. If the market already exists, "penetrate a market" might be your strategy.