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It's not a big deal.
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It's more like, if you find a maker of content that you like, they might happen to have a PeerTube or other independent YouTube-like site up as well, as a backup or larger archive of their material.
The independently hosted FOSS alternatives are more for people who create content and don't want to or can't depend on the good graces of bigtech to indefinitely host their content for whatever reason (usually a practical matter, sometimes even underlying political factors).
For instance, YouTube will scan new content automatically and zap the channel if it says the wrong couple words more than a few times.
Maybe that's not a problem for a lot of channels. But there were definitely tons of creators who got burned by that kind of cancelling over the last n years.
So I imagine, yes, some entrepreneurial, technical, and communication-oriented folks would be interested in things like PeerTube, YouPHPTube (which is actually quite good) [1], etc.