Synthetic biology could impact the $22 billion global flavour and fragrance market and the livelihoods of producers of natural commodities. The world's largest producers of food ingredients, flavors and fragrances are all now partnering with Synthetic Biology companies to develop biosynthetic versions of key high value natural commodities such as saffron, vanilla, vetiver and patchouli - replacing botanical sources. These in turn are just a few our of hundreds of economically important natural plant compounds whose production may be switched to synthetic biology production in a very short time frame.
An efficient, transparent pathway for technological advancement would save national governments time and money while reducing risk. Those proposing new technologies and their backers seek to minimize risk. Especially, re-insurers and investors welcome steps that make government intervention and/or public responses predictable.