  We discuss the properties of homogeneous and isotropic flat cosmologies in
which the present accelerating stage is powered only by the gravitationally
induced creation of cold dark matter (CCDM) particles ($\Omega_{m}=1$). For
some matter creation rates proposed in the literature, we show that the main
cosmological functions such as the scale factor of the universe, the Hubble
expansion rate, the growth factor and the cluster formation rate are
analytically defined. The best CCDM scenario has only one free parameter and
our joint analysis involving BAO + CMB + SNe Ia data yields
${\tilde{\Omega}}_{m}= 0.28\pm 0.01$ ($1\sigma$) where $\tilde{{\Omega}}_{m}$
is the observed matter density parameter. In particular, this implies that the
model has no dark energy but the part of the matter that is effectively
clustering is in good agreement with the latest determinations from large scale
structure. The growth of perturbation and the formation of galaxy clusters in
such scenarios are also investigated. Despite the fact that both scenarios may
share the same Hubble expansion, we find that matter creation cosmologies
predict stronger small scale dynamics which implies a faster growth rate of
perturbations with respect to the usual $\Lambda$CDM cosmology. Such results
point to the possibility of a crucial observational test confronting CCDM with
$\Lambda$CDM scenarios trough a more detailed analysis involving CMB, weak
lensing, as well as the large scale structure.
