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Everyone loves a good market to mooch around and there are several on the island.
Here is a list of the current markets on Lanzarote.

Every Sunday –  La Villa de Teguise (not to be confused with the resort of Costa Teguise).  The island’s most well known and popular market, open from 09:00 – 14:00.
The number 11 local bus runs from Costa Teguise up to the market every 30 minutes from 09:00-11:00 and returning every 30 mins between 12:00 and 14:00
The number 12 local bus runs from Puerto del Carmen up to the market every 30 minutes from 09:00-11:00 and returning every 30 mins between 12:00 and 14:00
The number 13 local bus runs from Playa Blanca up to the market . It leaves at 09:00  returning at 13:30
For more information on the buses go to IntercityBus

Every Friday – Marina Lanzarote in Arrecife near the Cruise port – Craft and Artisan Food Market, open from 10:00 – 14;30

Every Saturday – The village of Haria in the square – Craft and Artisan Food Market, open from 10:00 – 14;30

Every Tuesday and Friday – Puerto Calero Marina – Souvenirs and gifts , open 09:00 – 13:00

Every Wednesday and Saturday – Marina Rubicon in Playa Blanca – Souvenirs and gifts , open 10:00 – 14:00