Held at Troxy, the ceremony was presented by comedian Rufus Hound, and was attended by a string of leading industry figures.
Secret Garden Party founder Freddie Fellowes was given the Outstanding Contribution award after his flagship festival bowed out this year after 15 years.
On picking up the award, Fellowes said: "I feel very humbled by this, and to tell the honest truth, this has been not only an honour and a privilege but also an utter blast to have been a part of. Every year so many people gave so much to make this party and in return got so much back from it. It was beautiful. I’m glad for all of those people that it’s been recognised."
Previous winners have included Peter Gabriel, Michael Eavis and Rob da Bank.
Elsewhere, Latitude scooped up Best Major Festival, with End of the Road taking Best Medium Sized Festival and Lost Village winning Best Small Festival.
TRSNMT – Scotland's newest city festival – won Best New Festival after its thrilling debut with Radiohead, Kasabian and Biffy Clyro, while Camp Bestival was the winner of Best Family Festival and Slam Dunk topped the poll for Best Metropolitan Festival.
Best Overseas Festival was won by Outlook.
More like this: