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| Application Area | Projected Growth (%) | Key Benefits | Challenges |
|---|---|---|---|
| Pharmaceutical | 8.5% | High efficacy, low side effects | Regulatory approval |
| Cosmetics | 7.2% | Skin hydration, anti-aging | Market competition |
| Food Industry | 6.0% | Preservation, flavor enhancement | Safety regulations |
| Agriculture | 5.5% | Pest resistance, crop yield | Environmental concerns |
| Textile | 4.0% | Durability, color retention | Cost of materials |