Just to clarify, it is not just a preference, it is a legal requirement to store data of all EU citizens according to the GDPR.
https://gdpr.eu/what-is-gdpr/#:~:text=The%20regulation%20was....
https://www.cnbc.com/2022/01/18/fines-for-breaches-of-eu-gdp...
https://www.enforcementtracker.com/
It has also been ruled recently that pop-ups asking EU users to opt-in or opt-out of data sharing, where cookies etc can pass their data to the U.S., are also outside the GDPR.
https://www.forbes.com/sites/martyswant/2022/02/02/europes-n...
https://www.brookings.edu/research/the-court-of-justice-of-t...
There were updates by Meta, Google etc based on recent ruling to update their terms and to change where & how they were storing data. The recent rulings could have major impact on Google Analyitics etc