A specialized range of products discussed in product development meetings, designed to cater to the unique needs and preferences of a specific niche market. These products are intentionally created to address a niche audience, typically characterized by its specific requirements or interests. Discussions surrounding niche product lines delve into market research, product design, features, pricing strategies, and marketing plans that are tailored to effectively serve the target niche. By offering niche product lines, businesses can carve out a competitive advantage, establish themselves as experts in the niche market, and meet the demands of a dedicated and often underserved customer base, ultimately leading to increased customer loyalty and profitability.
