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| Application Area | Description | Projected Growth (%) | Regulatory Status |
|---|---|---|---|
| Pharmaceuticals | Used in drug formulation for chronic diseases. | 8% | Approved |
| Agriculture | Utilized as a growth enhancer in crops. | 10% | Under Review |
| Cosmetics | Incorporated in skin care products for hydration. | 5% | Approved |
| Food Industry | Used as a food additive for preservation. | 7% | Pending Approval |