In this article, we will talk about “The Best Travel Size Fragrances for Your Next Vacation” , for more information, please go directly to “The 11 Best Travel Size Fragrances for Your Next Vacation”
Global Perfume Industry:
According to Maximize Market Research, the luxury perfume market is estimated at $13.66 billion in 2022 and is expected to grow at a CAGR of 5.3% from 2023 to 2029 to $19.62 billion by 2029. Looking at the broader picture, the global perfume market is expected to be valued at $50.85 billion in 2022 and surge at a CAGR of 5.9% from 2023 to 2030, as mentioned in our previous article, “15 Best Colognes for Everyday Use in 2024”. This estimated growth rate reflects the potential impact of scent on mental health. According to a Mintel report, 78% of UK consumers believe that scent can improve their mental health.
New acquisitions in the perfume industry:
Kering Beauté, the global luxury group that owns brands such as Bottega Veneta and Balenciaga, will acquire the luxury heritage fragrance brand Creed in 2023, underscoring the conglomerate's ambitions to expand its beauty business. In June 2023, the company announced it would acquire all shares of the company from BlackRock Long-Term Private Capital funds managed by Chairman Javier Ferran. However, details of the agreement were not made public. The all-cash transaction was ultimately closed on October 17, 2023.
“The acquisition of Creed marks Kering Beauté's first strategic move and demonstrates our commitment to building a strong position in the luxury beauty sector.”
– said François-Henri Pinault, Chairman and CEO of Kering.
“Today, we are excited to accelerate our beauty journey as our stories and values come together around this family's spirit of entrepreneurship and excellence, and we are delighted to have the brand join Kering's collection of luxury brands.”
Interesting trends in the perfume industry:
While we cover topics such as best sized perfumes for travel and other business topics, we are primarily interested in identifying long-term trends to find the most appropriate way to invest in them at an early stage. One of the most interesting recent developments in the perfume industry is the digitization of perfumes and the use of artificial intelligence (AI) in perfume design. For example, Procter & Gamble (NYSE:PG) has employed Moodify White, an AI-based perfume design software, to enhance its perfume development process. Moodify White is known as the first application of its kind, which uses an algorithm to create formulas that effectively neutralize odors. The technology is designed to be fast, adaptable, and efficient in formulating odor-masking solutions. It remains to be seen how successful this approach will be and whether Procter & Gamble (NYSE:PG) will reap the benefits of this partnership, but we are watching closely. Overall, PG is a mature company with slow-growing but steady earnings. PG shares are currently trading at a forward price-to-earnings ratio of 24 times, making it slightly overvalued in our opinion. PG has been raising its price to combat input price inflation. However, input prices have fallen over the past few quarters, which has been a tailwind for PG stock. As a result, PG stock has returned nearly 40% over the past four years. It is unlikely that PG stock will return 40% over the next four years. While we acknowledge the potential of a stable dividend company like PG, we believe AI stocks have a better chance of delivering higher returns in the short term. If you are looking for AI stocks that are more promising than PG but still trade at less than 5x price-to-earnings, check out our report on the cheapest AI stocks.
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So, here are the perfect travel-sized fragrances for your next vacation.
The perfect travel-sized fragrance for your next vacation
methodology:
We scoured the internet for the best sized perfumes for travel and ranked them according to how many times they appeared in the sources and gave each one an Insider Monkey score. We then ranked the Insider Monkey list based on the aggregated scores. The price and availability of the perfumes are also mentioned in the list. We have handpicked the perfumes on the Insider Monkey list based on price. We have also mentioned the prices of the perfumes in spray bottles of different sizes. For this, we mainly looked to Sephora and Alta.
The perfect travel-sized fragrance for your next vacation is the Yves Saint Laurent Libre Eau de Parfum Travel Spray.
1. Yves Saint Laurent Libre Eau de Parfum Travel Spray
Insider Monkey Score: 13
Price: $35 per 0.33 oz.
Yves Saint Laurent, a luxury fashion company based in France, was founded in 1961. Libre by Yves Saint Laurent is the perfect travel-sized fragrance to take on your next trip. In 2019, the perfume Amber Fougere was introduced to the market. The creators of this scent are Anne Flipo and Carlos Benaim. The main notes are orange blossom, lavender, and musk accord.
Click here to see the full list of the 11 best travel fragrances for your next getaway.
Check out our list of the 15 best patchouli perfumes that smell truly luxurious.
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Disclosures: None. This article was originally published on Insider Monkey.
