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Adjective: cannibalistic  ka-nu-bu-lis-tik
  1. Characteristic of cannibals or exhibiting cannibalism
    "cannibalistic behaviour"
     
  2. Characterized by or involving the taking or drawing from an existing market, product, or industry in a way that damages or reduces the original or established entity
    "The influx of Chinese EVs is having a cannibalistic effect on the European auto industry"

Encyclopedia: Cannibalistic