When developing new offerings or capabilities, organizations often miss the market requirements step. In agile development processes, themes and epics that drive product development should be derived from an understanding of market segments, trends, and buyer needs gained through market and competitive analysis and defining target customer segments. Organizations that capture market requirements can have more impactful launches and improved market success as offerings are designed to solve specific pain points of target customers. In this report, we outline a template, examples, and guidelines that portfolio marketers can use to develop effective market requirements.