The present invention relates to a beverage including dissolved and partially dissociated carbon dioxide present in an amount of 2-10 g/liter, such as 3-8 g/liter, preferably 4-6 g/liter, most preferably about 5.5 g/liter and establishing an equilibrium pressure at 10° C. of 0.5-3 bar above atmospheric pressure, such as 1-2 bar, preferably about 1.5 bar. The present inventions further relates to a water insoluble or hydrophobic constituent present in molecular form or in molecular aggregated form and in an amount capable of generating ultra fine bubbles including gaseous carbon dioxide. The ultra fine bubbles are present in an amount exceeding 1010 ultra fine bubbles per milliliter, such as 1012-1018 ultra fine bubbles per milliliter, preferably 1015-1017 ultra fine bubbles per milliliter, most preferably about 1016 ultra fine bubbles per milliliter, when the beverage is exposed to an external isostatic pressure exceeding the equilibrium pressure of the beverage by at least 1.0 bar, preferably 1.2-60 bar, more preferably 1.5-10 bar, most preferably about 2 bar, the ultra fine bubbles having a major dimension smaller than 100 nm, such as 20-60 nm, preferably about 40 nm.