Food product reformulation to lower costs involves modifying a food product's ingredients and/or production process to reduce the overall cost of production while maintaining the desired quality and taste. This process is often done to make the product more affordable for consumers or increase manufacturer profitability.

One way to reduce cost through reformulation is to use less expensive ingredients without significantly altering the product's taste or texture. For example, substituting butter with vegetable oil can lower the cost of production for baked goods while still maintaining the desired flavour and texture.

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Another approach is to streamline the production process to reduce labour, energy, or transportation costs. This may involve using automated machinery, changing the packaging size, or sourcing ingredients from closer locations.

While cost reduction through reformulation can lead to more affordable products for consumers, it is important to ensure that the quality and nutritional value of the food product are not compromised. Any changes to the ingredients or production process should be carefully evaluated to ensure that the product still meets regulatory standards and consumer expectations for taste and quality.