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| Application Area | Industry | Benefits | Market Trends | Future Prospects |
|---|---|---|---|---|
| Pharmaceuticals | Healthcare | High efficacy in drug formulation | Increasing demand for innovative therapies | Expected growth in R&D spending |
| Agriculture | Farming | Enhanced crop yield and protection | Shift towards sustainable agricultural practices | Innovation in bio-pesticides and fertilizers |
| Cosmetics | Personal Care | Improves skin health and appearance | Growing demand for natural ingredients | Expansion in the organic cosmetics sector |
| Food Additives | Food and Beverage | Preserves freshness and enhances flavor | Increasing focus on food quality and safety | Rise in natural and clean label products |