I don't think any frankenfood is low carb. No fake pasta noodles, no fake cake, etc. It does not have to be just meat and water, but it has to be a food with one at most 2 ingredients (i.e. beef, broccoli, pork, asparagus).

Low carb is about natural low carb foods, not pretending that carbohydrates are still fine and a "reward," so we should make "fake" carbs to eat because we are "deprived."