The Scot’s side landed the 2021 Golf Writers Trophy after topping a poll among members of the Association of Golf Writers.
World No 1 and US Open champion Jon Rahm was also in the running for the award, as was Richard Bland, who landed his first European Tour win at the 478th attempt in the Betfred British Masters.
But nearly 50 per cent of the vote went to the European team that landed a 15-13 victory over the US in the Solheim Cup at Inverness Club in Toledo, Ohio.
The triumph saw Matthew, who had already led the side to a dramatic victory two years earlier on home soil at Gleneagles, become the first European captain to win the contest back-to-back.
Hibs chief Ben Kensell vows to 'address' missile throwing at Hearts defender Alex Cochrane; as Kris Boyd demands SPFL 'do more'
'Not good enough.' Hearts hit out at Hibs fans as lighter hits Alex Cochrane at Easter Road
Hearts reach a decision on Jacob Davenport contract
Martin Boyle seals Hibs return as club confirms contract length ahead of derby with Hearts
How the Hearts players rated in the draw against Hibs
This success was secured despite few European fans being in attendance due to Covid-19 restrictions, meaning the visiting players faced a vociferous US support.
Matthew said: “It is an amazing honour for the Solheim Cup team to win the Golf Writers’ Trophy. It was a great victory and it’s pleasing for it to be recognised by AGW members.
“To win it over Jon Rahm winning the US Open and getting to world No 1 and also over Richard Bland’s great story of winning on the European Tour for the first time in his 478th start is really nice.
“In fact, there were a lot of good stories in golf this year, so this really is a special honour for the team.”
It is the second time a European Solheim Cup team has been voted by the members for the coveted award, the first being in 1992 for the side’s success at Dalmahoy.
Lewine Mair, the first female and current President of the AGW, said: "Huge congratulations to Catriona Matthew and her team for winning our award.”
The trophy will be presented at the AGW’s annual dinner, to be held next July in St Andrews during the 150th Open Championship.
Matthew stepped down from the captaincy after the win in Ohio, with Norwegian Suzann Pettersen having been announced recently as her successor for the 2023 contest in Spain.