  We show that a cosmology driven by gravitationally induced particle
production of all non-relativistic species existing in the present Universe
mimics exactly the observed flat accelerating $\Lambda$CDM cosmology with just
one dynamical free parameter. This kind of scenario includes the creation cold
dark matter (CCDM) model [Lima, Jesus & Oliveira, JCAP 011(2010)027] as a
particular case and also provides a natural reduction of the dark sector since
the vacuum component is not needed to accelerate the Universe. The new cosmic
scenario is equivalent to $\Lambda$CDM both at the background and perturbative
levels and the associated creation process is also in agreement with the
universality of the gravitational interaction and equivalence principle.
Implicitly, it also suggests that the present day astronomical observations
cannot be considered the ultimate proof of cosmic vacuum effects in the evolved
Universe because $\Lambda$CDM may be only an effective cosmology.
