Distinctive smell in Faro market (5)
I believe the answer is:
aroma
'distinctive smell' is the definition.
(an aroma is a strong smell)
'in faro market' is the wordplay.
'in' indicates a hidden word.
'AROMA' can be found hidden inside 'faro market'.
(Other definitions for aroma that I've seen before include "Scent - smell" , "Pervasive atmosphere" , "Bouquet" , "Pervasive quality" , "Redolence" .)