I think the formula has been changed.
I have been using this product pretty much since it was first put on the market.  The spray and the results suddenly feel different.  First, the spray seems finer, more misty -- and it requires the use of much more spray to get the same hold result as in the very recent past.  The bottom line is that the cost of usage has gone way up:  A lot more spray is now required to achieve the same result.  "Value for money" has therefore dropped considerably.
Rating: 3 stars