An embodiment of the present invention provides a natural and low-calorie-oriented carbonated beverage having improved bubble dissipation behaviour and suppressed foaming. Provided is a carbonated beverage satisfying the following conditions: (A) a content of a caramel is 100 to 5000 ppm; (B) a total content of RebD and/or RebM is 200 to 500 ppm; and (C) (total content of RebD and/or RebM) ‰¤ (-1/49) × (content of caramel) + 502.