"Specialty" refers to a specific area of expertise or focus within a broader field. It often denotes a particular skill set, knowledge base, or practice that distinguishes an individual or organization from others. For example, a doctor may have a specialty in pediatrics, focusing on the health of children, while a chef might specialize in Italian cuisine.
In business, a specialty can help companies target niche markets, allowing them to offer unique products or services. This differentiation can lead to a competitive advantage, as customers often seek out specialists for their specific needs, such as custom software development or organic farming.