I have no research on this of course. I just have an anecdote that my mom didn't even consider the mini (and just bought the regular 12) even though a few years back she did complain how big all the phones were. I guess an average person just gets used to everything and aren't as nit-picky on all the details and ergonomics as myself.
I still long for one-handed flagships. Maybe I'm just a weirdo for whom 5" phones from a few years back (e.g. Pixel 1) were perfectly operable with one hand. For a lot of the population those phones were already two handed devices in most use cases I guess? Couple this with how phones are the main computing and media consumption devices for most people nowadays... why not have it remarkably bigger I guess.