There is a difference but it isn't always the medium. I have recording of a piano concerto on LP and CD. The LP is clearly superior - but as to why? When they went back to the master tapes to produce the CD, the person doing the mastering has likely a different person doing the mastering with a different intention.
I have some recordings where I have master quality recording - but yeah - can one really hear the difference. I can when listening through high end headphones. On the other hand, I listen to a lot of music in our kitchen using an Amazon Echo 8. It's wonderful as I can ask Alexa to play anything - and she does. Sounds great - no fuss.