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Concern for pets caused an increase in income of companies dedicated to the sale of products and services for pets in Ecuador
Posted On 04 Jun 2021
Mercedes Escobar is twelve years old with her dog named Toby. She is very careful and punctual with every medical check-up, vaccine, and vitamin.
And it was no exception during these fourteen months of pandemic. “I took him since October of last year every two weeks for three months because he had cancer treatment and they had to operate,” he says.
Concern for pets caused an increase in income of companies dedicated to the sale of products and services for pets in Ecuador
For her it is important to take him to the controls and buy him the right food. “Just as humans need to get checked when we feel bad, I think that dogs should be taken to the vet in the same way because they are our company and who make us happy at home in these difficult times,” he says.
And is that the concern for the welfare of the pet, whether dog or cat, generated a rebound and stability in businesses dedicated to the sale of products and services for this sector.
The Petmarketec company, located in Quito, registers 10% more sales in its services such as vaccination plans, counseling in behavioral development or products such as feeders, supplements, water fountains and others in 2020. And per month they become 500 demands of products and services.
“ For me, the pandemic does foster interest in these types of products because it is different when you have a pet and you leave your house to work and return in 10, 12 hours and most of the day you do not spend with them. But being at home is different, you worry, for example, where they deposit their feces, where they sleep, there has been an opportunity in that kind of thing ”, says Jorge Luis Enríquez, manager of Petmarketec.
He assures that not all the segments increased in sales, such as, for example, pet toys, which in his opinion are not usually so cheap, but health and nutrition predominated.
Petmarketec is a company incorporated in 2016 and since before the pandemic they applied home service and digital payment methods. This event did not surprise them.
“We have always been online and we have been adequate. I think that all companies tried to adapt to the issue of shipments, “he says.
According to the Superintendency of Companies, Securities and Insurance, there are 49 companies registered under this line of business. And according to the Internal Revenue Service, it has collected $ 2,627 from the tax returns of these companies in 2020 and $ 1,030 from January to April 2021.
