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Potentially as a side effect. A lot of ingredients are switched to cheaper, often more processed substitutes.

For example, vegtable oil instead of olive oil, fructose corn syrup instead of honey or sugar.

Beyond that chainging composition to reduce amount of expensive ingredients. Think Pesto Genovese which is originally Parmesan, Basil, pine nuts, etc. Instead of only pine nuts, you now include other nuts for texture and only add a smaller amount for flavour (and worse add flavoring so customers don't notice too quickly).

https://pubmed.ncbi.nlm.nih.gov/22486545/

Palm fat instead of butter in doughs/baked goods is what annoys me a lot recently. But in that case it probably isn't just purely about cheaper goods but also about expanding the market to include vegans similar to how a lot of meat products replace haram pork with turkey.
not to mention "Bac'n Bits" which my wife picked up as a salad topping which contains NO bacon, and is simply colored crispy soy bits with smoke flavor. Someone aught to arrest the manufacturer

Also in big letters "OLIVE OIL" with barely legible "mixed with 90% sunflower seed, canola and other oils"

Brother I don't know what to tell you. Chick'n, Bac'n, Be'ef etc. are well-known vegan susbtitutes for the pun'd meats. Most of them explicitly say they're vegan on the box. That's not shrinkflation, you just didn't read the package.
My Brother in Christ I don't know why anyone would assume Bac'n bits are not made of Bacon...

I am reading the container it says

Bac'n Pieces BACON FLAVORED BITS Great Bacon Flavor! artificially flavored

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is there any actual truth that real sugar is not as bad as HFCS? If I drink an american coke every day am I really worse off than if I have the cane sugar coke?
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