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| Application Area | Expected Growth (%) | Key Benefits | Challenges | Market Trends |
|---|---|---|---|---|
| Pharmaceutical | 15% | High efficacy, targeted delivery | Regulatory hurdles | Increased R&D investment |
| Agriculture | 10% | Improved crop yields | Environmental concerns | Sustainable agriculture practices |
| Cosmetics | 12% | Skin benefits, anti-aging | Market saturation | Shift towards natural ingredients |
| Food Additives | 8% | Preservation, flavor enhancement | Health regulations | Growing demand for clean labels |
| Industrial Applications | 5% | Efficiency in processes | High competition | Automation and smart technologies |