Disclosed is a novel beverage having a milk flavor, which has the same flavor as that of milk in spite of the fact that no milk protein or milk fat is contained in the beverage. Specifically disclosed is a beverage having a milk flavor, which is characterized by comprising: a milk serum mineral, preferably a milk serum mineral of which the solid content has a calcium concentration of less than 2% by mass, preferably 0.1 to 5% by mass, more preferably 0.3 to 2.5% by mass, in terms of solid material content and a sweetening agent, preferably a sweetening agent partly or entirely composed of lactose or a high-intensity sweetener, preferably at a concentration of 0.08 to 12%, more preferably 0.2 to 6%, in terms of sucrose content that is a measure of the degree of sweetness. The beverage is also characterized by containing substantially no protein or no oil-and-fat.