This has been possible with the zlib module since 1997 [EDIT: zlib is from '97. The zdict param wasn't added until 2012]. You even get similar byte count outputs to the example and on my machine, it's about 10x faster to use zlib.
import zlib
input_text = b"I ordered three tacos with extra guacamole"
tacos = b"taco burrito tortilla salsa guacamole cilantro lime " * 50
taco_comp = zlib.compressobj(zdict=tacos)
print(len(taco_comp.compress(input_text) + taco_comp.flush()))
# prints 41
padel = b"racket court serve volley smash lob match game set " * 50
padel_comp = zlib.compressobj(zdict=padel)
print(len(padel_comp.compress(input_text) + padel_comp.flush()))
# prints 54