Global consulting firm A.T. Kearney estimates consumer spending will grow to $40 trillion by 2020 including an increase in spending on durable goods and personal care items. Despite its size and number of products that can be had achieved through biological means, the consumer market has experienced limited impact from synthetic biology. Intrexon is committed to partnering with diverse companies to develop bio-based processes that displace petroleum-derived ingredients and polymers. Additionally, Intrexon is focused on reducing the wasteful practices associated with extracting compounds that occur in limiting amounts in plants and animals.
Through our Better DNA® approach, we plan to utilize innovative biologically-based applications for the development of products that improve the lives of consumers every day.