There is certainly "no market demand" for psychology, sociology, mythology, gender related studies of various types, racial studies of various types, climate "science" and similar environmental garbage, public administration, and a plethora of other mind-numbing collegiate wastes of money.
"No market demand" means that made-up government positions for such brain-damaging curricula does not qualify as "market demand".
Well, I guess if you say so.
Don't forget, the "market" here is the consumers of education.
Do you really want government telling us what we can learn?