This article comprehensively examines the main stages of the formation and development of the fantasy genre in Kazakh literature, its place in the contemporary literary process, and prospects for future development. The article provides an in-depth analysis of the specific characteristics of the fantasy genre, the ways in which national mythology and history find artistic expression in fantasy works, the genre's popularity among readers, especially young adults, and its position in world literature. Furthermore, it identifies the key factors influencing the development of Kazakh fantasy, including the creative explorations of authors, increasing reader demand, the novel interpretation of national ideas, and opportunities for interaction with other art forms. Additionally, the challenges in the genre's development are considered, such as the lack of high-quality translations, limited support from publishing houses, low attention from literary criticism, and the need to enhance the professional skills of authors.