emerging market

plural emerging markets

1. alsoattributivebusinessA relatively less-developed country or other trading region undergoing significant growth in production, consumption, or foreign investment.

   Around 70% of world growth over the next few years will come from emerging markets, with China and India accounting for 40% of that growth.

   2011 July 8, Kenneth Rapoza, “Emerging Market Growth Beats US”, in Forbes, retrieved 10 Jul 2015

   3 more examples

   And while Brazil's Telebras and South Africa's Anglo American Corp. again rank among the world's top emerging-market groups, their market capitalizations are also down from last year.

   1998 July 13, Kerry Capell et al., “Emerging Markets: The Winners in a Losing Year”, in Businessweek, retrieved 10 Jul 2015

   It's been a long time since the farmers left the "farmhouses" of Delhi, but the word now describes the weekend retreats of the upper class, playgrounds on the fringes of this emerging-market city.

   2012 April 23, Ruchir Sharma, “Hitting the BRIC Wall”, in Time, retrieved 10 Jul 2015

   Government departments advised him to seek out new business in “emerging markets”, counsel he said was risible given the huge market on Britain’s doorstep.

   2022 November 15, Lisa O'Carroll, “Cheesemaker sells firm to overcome Brexit barriers after losing £600,000 in sales”, in The Guardian

2. ofteneconomicsNew and increasing demand or consumer purchasing activity (for a product or service).

   [H]is members saw an emerging market for even more luxurious dwellings among those "who would rather pay for amenities instead of space."

   1987 May 3, Andree Brooks, “Can a Town Set a Minimum House Size?”, in New York Times, retrieved 10 Jul 2015

   1 more example

   One year ago, when AOL and Time Warner first proposed their merger, . . . there was talk of monopolistic muscle in the emerging markets for high-speed Internet service, instant messaging and interactive television.

   2001 January 19, “AOL Time Warner”, in Washington Post, retrieved 10 Jul 2015