Fantasy literature is literature set in an imaginary universe, often but not always without any locations, events, or people from the real world. Magic, the supernatural and magical creatures are common in many of these imaginary worlds. Fantasy literature may be directed at both children and adults.

Fantasy is a genre of speculative fiction involving magical elements, typically set in a fantasy world and usually inspired by mythology or folklore. The term "fantasy" can also be used to describe a "work of this genre", usually literary.