An object is to provide the ferrite particles used as a magnetic filler or a raw material for a molded product excellent in dispersibility as a powder and excellent in uniformity after molding and result the surface with small unevenness; and a method of manufacturing the particles. To achieve the object, Mn—Mg ferrite particles having an average particle size of 1 to 2000 nm and having a spherical shape are employed. It is preferable that the ferrite particles are produced by a method including subjecting of a ferrite raw material obtained through preparation of a ferrite composition to flame-spraying in air for ferritization followed by rapid cooling for solidifying of the ferrite.