Psaltry International Company

Name

Psaltry International Company

Legal name

Psaltry International Company Limited

Website

https://psaltryinternational.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Cassava Processing and Food Ingredients Manufacturing

NAICS

Wet Corn Milling and Starch Manufacturing (311221), Starch and Vegetable Fats and Oils Manufacturing (31122), Food Manufacturing (311)

SIC

Grain Mill Products (2040), Food And Kindred Products (2000), Canned, Fruits, Veg, Preserves, Jams & Jellies (2033)

akta.pro primary industry

Native Starches & Flours (Corn, Potato, Tapioca, Wheat, Rice) (AFAJABAB)

akta.pro secondary industries

Starches & Grain Derivatives Manufacturing (cornstarch, maltodextrin, glucose solids) (AFAKABAG), Starches, Flours & Milling Products Trading/Wholesale (AFAIAKAH), Couscous, Bulgur & Other Processed Grain Foods Manufacturing (AFAKABAJ)

Keywords

• Cassava processing
• Food-grade starch
• Cassava flour
• Sorbitol production
• Animal feed manufacturing

Headquarters

HQ city

Iseyin

HQ country

Nigeria

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Food-Grade Cassava Starch Sales: B2B sale of high-quality food-grade cassava starch to food and beverage, confectionery, and pharmaceutical companies as raw material input. Sold in bulk to manufacturers.
2. High-Quality Cassava Flour (HQCF) Sales: Sale of gluten-free cassava flour to food and beverage industries as raw material input for baked foods, tortillas, pancakes, gluten-free pasta, pizza, ice cream, sauces, and bread alternatives.
3. Cassava-based Sorbitol Sales: Sale of cassava-based sorbitol to food and beverage, toothpaste, cosmetics, and pharmaceutical companies as raw material. One of the few producers globally.
4. Laundry Starch Sales: Production and sale of premium laundry starch made from technical-grade cassava starch for consumer use.
5. Garri Sales: Production and sale of premium vitamin A-fortified garri (cassava flakes) made from yellow cassava for consumer food consumption.
6. High-Quality Cassava Peel (HQCP) Animal Feed Sales: Sale of animal feed produced from cassava peels to livestock farmers as an alternative to maize-based feed.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Psaltry International processes cassava into a portfolio of food-grade and industrial derivatives, including high-quality cassava starch, high-quality cassava flour (HQCF), cassava-based sorbitol, laundry starch, garri, and animal feed made from cassava peels. These products are sold in bulk as raw material inputs to food and beverage, pharmaceutical, and personal care manufacturers, with smaller-volume consumer sales of garri and laundry starch. The company runs an out-grower scheme of over 3,500 smallholder farmers to secure its cassava supply.

Product overview

Psaltry International Company operates as a cassava processing company producing a portfolio of food-grade and industrial cassava derivatives. The core product portfolio includes High-Quality Food-Grade Cassava Starch, High-Quality Cassava Flour (HQCF), Sorbitol, Laundry Starch, Garri (Cassava Flakes), and High-Quality Cassava Peel (HQCP) Animal Feeds. The company also produces Vitamin A Fortified Garri from yellow cassava. These products serve the food and beverages, personal care, pharmaceutical, and animal feed industries, with the company pioneering cassava-based sorbitol production in Africa.

Differentiator

Problem solved

Functional benefit

Products and services

• High-Quality Food-Grade Cassava Starch Food-grade cassava starch with high paste viscosity, high paste clarity, and high freeze-thaw stability, produced under GMP and ISO 22000. Used as a binder, stabilizer, and thickener in food and beverage industries, including seasoning, pudding, and confectionery applications.
• High-Quality Cassava Flour (HQCF) Gluten-free, grain-free, and allergy-free cassava flour produced under GMP. Used as a cost-effective alternative to wheat flour for baked foods, tortillas, pancakes, gluten-free pasta, pizza, ice cream, sauces, and bread in food and beverage industries.
• Cassava-Based Sorbitol Colorless and odorless sweetener produced by hydrogenation, refining, and concentrating pure glucose from cassava. Used as a humectant, sweetener, and texturizer in food, toothpaste, mouthwash, cosmetics, and pharmaceutical syrups.
• Laundry Starch Premium laundry starch made from technical-grade cassava starch, used to restore crispness to clothing and as an adhesive.
• Garri (Cassava Flakes) Traditional cassava flakes consumed as a staple food by soaking in water with sugar, milk, and groundnut, or prepared as a swallow food with hot water. Includes a vitamin A-fortified variant produced from yellow cassava.
• High-Quality Cassava Peel (HQCP) Animal Feed Safe, energy-rich, and nutritious animal feed produced from cassava peels, serving as an alternative to maize for livestock including goats, sheep, poultry, fish, pigs, cows, and rabbits.

Quantifiable outcome

• Saving Nigeria approximately $10 million in foreign exchange annually through local sorbitol production
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and flagship.

• IITA (International Institute of Tropical Agriculture)coreStrategic or Co-development PartnerIITA is an award-winning research-for-development organization working to improve livelihoods, enhance food and nutrition security, increase employment, and preserve natural resources in Africa. Since 1967, IITA has worked with international and national partners. Psaltry benefits from IITA's research and technical support in cassava varieties and agricultural best practices, and Psaltry's farmers have benefited from interventions including inputs, capacity building, and mechanization services.
• IDH (IDH Sustainable Trade)coreStrategic or Co-development PartnerIDH brings together over 600 companies and governments to drive new sustainable production and trade models in emerging economies, reaching over 4 million farmers in 30 countries. IDH supports Psaltry's sustainable business models and farmer interventions, providing technical assistance and network access for scaling sustainable cassava value chain operations.
• C:AVA (Cassava: Adding Value for Africa)coreStrategic or Co-development PartnerC:AVA is developing value chains for High Quality Cassava Flour (HQCF) in Ghana, Tanzania, Uganda, Nigeria, and Malawi to improve livelihoods and incomes of at least 90,000 smallholder households. The project is led by the Natural Resources Institute of the University of Greenwich and supported by the Bill & Melinda Gates Foundation. Psaltry benefits from the network's technical support, training, and market access for HQCF.
• UnileverflagshipStrategic or Co-development PartnerUnilever partnered with Psaltry on the construction of Nigeria's first cassava-based sorbitol factory, which is also the first in Africa and the second in the world. This flagship partnership enabled Psaltry to build its sorbitol production facility, with sorbitol serving as a key ingredient in Unilever's products.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Regional players

• Dangote Group: Africa's largest industrial conglomerate with major food (sugar, flour, pasta) and agricultural processing operations. Comparable to Psaltry as a large-scale Nigerian food/ingredient manufacturer with B2B distribution.
• Flour Mills of Nigeria: Nigeria's largest flour milling and food conglomerate. Competes with Psaltry's HQCF in the food-ingredient space and shares the same Nigerian enterprise customer base, but is far broader (wheat flour, pasta, sugar, etc.).

Broad incumbents

• Tate & Lyle: Specialty food ingredients company with deep sweetener and starch portfolios, including sorbitol. Comparable to Psaltry's sorbitol and starch offerings targeting F&B and personal care manufacturers.
• Roquette: Global starch and polyols (sorbitol, mannitol) leader. Closest global analog to Psaltry's sorbitol-plus-starch portfolio and serves the same food, pharma, and personal care customers.
• Ingredion: Major producer of native and modified starches as well as sweeteners (including sorbitol) for food, beverage, and personal care. Directly comparable to Psaltry's food-grade starch and HQCF product lines, with overlapping application end markets.
• Cargill: Global agri-processing giant with starch, sweetener, and animal feed divisions. Comparable to Psaltry as a producer of native starches and a presence in African food/feed value chains, though Cargill operates at vastly greater scale and product breadth.
• Nestlé Nigeria: Major Nigerian FMCG and a likely target customer for Psaltry's starch, flour, and sorbitol. Comparable as a large Nigeria-based food manufacturer with overlapping B2B procurement of cassava-derived ingredients.

Emerging players

• Matna Foods (Nigeria): Nigerian garri and cassava-based food processor. Comparable to Psaltry's traditional cassava food processing segment and Nigerian consumer distribution, though smaller and more consumer-focused.

Direct peers

• AVEBE: Netherlands-based cooperative producing starch and protein derivatives from crop-based feedstocks (potato, increasingly cassava). Comparable to Psaltry as a starch-based ingredient supplier with proprietary processing IP and B2B food/pharma customers.
• Thai Wah: Thai cassava/tapioca starch producer with downstream modified starch and biopolymer products. Comparable to Psaltry as a vertically integrated cassava processor producing native starches for food and industrial customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/psaltryng
• LinkedInlinkedin.com/company/psaltry-international-company-ltd
• Instagraminstagram.com/psaltry_international?igshid=YmMyMTA2M2Y=

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Psaltry International Company