The US Fisheries R&D expenditures show a year-on-year growth from 2024 to 2028, indicating a steady gradual increase in funding. The funds allocated have risen from 97.038 to 101.16 Trillion US Dollars. Notably, in 2023, the value stood at around 96 Trillion US Dollars, marking consistent growth in governmental and private sector investment in fisheries-related research and development over the predicted period.
Future trends to watch for:
- Adoption of sustainable fishing practices and technology-innovations impacting R&D spending.
- The influence of government policies focused on marine conservation feeding into increased budgetary allocations.
- Evolving market demands and climate change, likely to steer future R&D focus areas and investments.