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| Application Area | Projected Growth Rate (%) | Key Trends | Challenges |
|---|---|---|---|
| Pharmaceuticals | 8.5 | Rising demand for new therapies | Regulatory hurdles |
| Agriculture | 6.2 | Sustainable practices | Climate change effects |
| Cosmetics | 7.0 | Increase in organic products | Consumer awareness |
| Food Industry | 5.5 | Health-conscious choices | Safety regulations |