This is, I believe, a myth put out by the vinyl industry to make us buy their overpriced, badly produced product. CDs are (and have been in every year bar one since the 90s) the biggest selling physical music format in the UK.
I don't know how it is in the UK, but whenever I visit record shops these days, here in The Netherlands, the absolute bulk on offer is vinyl. But I got rid of all my vinyl in, ooo, 1997 or so, and am definitely not returning to it however hip vinyl may be(come). I have zero understanding of how on earth vinyl became big again. CD to me wins in every aspect except in size as far as I am concerned. And I am kind of past the age where I care about size, haha.
I find CD an ideal medium (whilst retaining the art of the album format which you can't do streaming).
I did get questions about releasing these albums on vinyl. I looked into it. Very costy and you can only put so much on an LP (my releases would at a minimum have been double LP's). And since I have zero affinity with the medium anyway, I didn't venture into that. I partly did this CD label for fun, after all. Am still proud of the fact that they are out there.