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| Application Area | Market Share (%) | Growth Rate (%) | Key Trends |
|---|---|---|---|
| Pharmaceuticals | 35% | 8% | Increase in R&D investment |
| Agriculture | 25% | 6% | Sustainable farming practices |
| Cosmetics | 20% | 5% | Natural ingredient trends |
| Industrial Applications | 15% | 7% | Innovation in manufacturing processes |
| Nutraceuticals | 5% | 10% | Health and wellness focus |