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"market environment" is correct and usable in written English.
You can use it to describe the conditions of a particular market. For example: "The US stock market environment is volatile due to the current economic conditions."
Exact(60)
"No question, the market environment has helped those numbers.
Mr. Madoff is caught in an increasingly dangerous market environment.
Second, a stable market environment contributes to low-share success.
"Looking forward, we expect the market environment to remain tough.
Market changes, uncertainties and unpredictability characterize the market environment nowadays.
"What's systemic is that the market environment makes it very tough to predict revenues".
Was it a bad market environment or a bad judgment call?
"In a normal market environment, none of this news would be considered particularly positive".
Total said it had performed well, given the downturn in the oil market environment.
"Even in a bear market environment," Mr. Stovall said, "you can't fall every day".
This work is conducted in an open market environment which pays on results.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com