Conducted by consultancy group Allegra, the new research also found that 1,215 coffee shops opened in the UK last year, bringing the current total to more than 24,000 - up 7.3% on 2017.
While both independent and coffee chains continue to rise rapidly – up from 10,000 shops in 2007 – 21 - 25 pubs close down each week by contrast. High alcohol taxes, the smoking ban, business rate rises and changing cultural habits are among other causes, according to the British Beer & Pub Association (BBPA).
That said, Allegra expressed concern over a shortage of baristas following the Brexit decision, predicting a further 40,000 staff member would be needed over he never six years to keep up with the demand.
A spokesman for The London Coffee Festival said: 'With Brits drinking 2.4 billion cups of coffee per year in coffee shops - up 4% from 2.3 billion in 2017 - it is clear to see why coffee continues to be a major player in the UK food and drink world.
“The data also shows 39% of Brits stated their coffee consumption has increased over the past 12 months, with 18% of people visiting at least once a day, keeping the UK's 160,000 baristas busier than ever.”
Jeffrey Young, festival founder, added: “For the industry to be contributing almost £10bn per year to the economy is an incredible achievement and shows how coffee has come to be the go-to drink for Brits and how advanced coffee-shop culture has become.”