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The terms are often used interchangeably but market and industry reports have different focuses.
Some databases include both market and industry reports (such as FitchConnect and EMIS). These reports typically compliment each other by providing different points of view on the same topic.
For example, a market report on baby food will focus on how much demand there is for baby food (using metrics such as how many babies there are), how much money parents are willing to pay for baby food, what kind of baby food they prefer, who typically purchases baby food, etc. An industry report on baby food will cover some of the same ground but also take a closer look at baby food production costs, suppliers for packaging and ingredients, etc.
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