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| Application Field | Expected Growth (%) | Market Trends | Key Drivers | Challenges |
|---|---|---|---|---|
| Pharmaceuticals | 15% | Increased R&D for new therapies | Aging population, chronic diseases | Regulatory hurdles, high costs |
| Agriculture | 10% | Shift towards sustainable practices | Food security, environmental concerns | Market volatility, climate change |
| Cosmetics | 12% | Rise in demand for natural ingredients | Health consciousness, beauty trends | Regulatory compliance, competition |
| Food Additives | 8% | Innovation in food technology | Consumer preferences, health trends | Safety concerns, supply chain issues |