submarket

noun
sub·mar·ket | \ ˈsəb-ˌmär-kət \
variants: or sub-market
plural submarkets or sub-markets

Definition of submarket 

: a portion or subdivision of a market a profitable submarket of the banking industry … is one of several local travel agencies, and several dozen around the country, that belong to a little known sub-market that sells tickets on international flights for … up to 70 percent off the normal cost of a one-way ticket. —Bernie Kohn

First Known Use of submarket

1880, in the meaning defined above

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The first known use of submarket was in 1880

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