This is EU-wide, not just how good your local options are.
Also, this would otherwise be an open door to degrade your meat-eating products. In Denmark (and I guess EU), we’d been fighting for “cheese” to only be made of 100% cheese, or “juice” being 100% fruits. If you start to allow some of these ultra-processed foods being labeled as something vaguely like meat, everyone will suffer from falling food quality, as these products will sneak their way in.
The problem is China subsidizing their cars to suffocate the European manufacturers. When all the European manufactures are closed or sold to China, you’ll see the real prices.
EDIT: Also, soon? They are already here.