There is limited crafting, and no cooking. The recipes are there for atmosphere, though in the old forum a couple of people tried some of the recipes (with suitable substitutions in some cases, for lack of the listed ingredients), and there were a couple Youtube videos, as well (this one for Elven Cider
is the only one I see in a quick search).
The Alchemy Spoiler Thread
contains a couple of other item combinations.Food effects link