Yes. The IARC Working Group of the World Health Organization classified processed meats as a Group I carcinogen (similar to tobacco or asbestos) after concluding that processed meat consumption can lead to the formation of carcinogenic N-nitroso-compounds and which are linked to an increased risk of colorectal cancers.
Best Vegan Meat Substitute
60,000 Brits who quit bacon now enjoying it thanks to healthier Naked Bacon
Naked Bacon tasted on Sky News