diff --git a/package.json b/package.json
index 9110d42..6936748 100644
--- a/package.json
+++ b/package.json
@@ -41,6 +41,10 @@
     "classnames": "^2.3.1",
     "lodash": "^4.17.21"
   },
+  "peerDependencies": {
+    "react": ">=16.8",
+    "react-dom": ">=16.8"
+  },
   "devDependencies": {
     "@babel/cli": "7.14.3",
     "@babel/core": "^7.14.3",
diff --git a/src/Dropdown.tsx b/src/Dropdown.tsx
index b9f74c1..940a281 100644
--- a/src/Dropdown.tsx
+++ b/src/Dropdown.tsx
@@ -1,10 +1,4 @@
-import React, {
-  useCallback,
-  useEffect,
-  useState,
-  useRef,
-  useMemo,
-} from 'react';
+import React, { useCallback, useEffect, useState, useRef } from 'react';
 import classNames from 'classnames';
 import get from 'lodash/get';
 
@@ -42,11 +36,8 @@ export const Dropdown: React.FC<ReactDropdownProps> = ({
   clearIcon,
   isClearable,
 }) => {
-  const options = useMemo(
-    () => prepareOptions(originalOptions),
-    [originalOptions],
-  );
-  const [selected, setSelected] = useState(
+  const options = prepareOptions(originalOptions);
+  const [selected, setSelected] = useState(() =>
     findSelected(options, value, matcher),
   );
   const [isOpen, setIsOpen] = useState(false);
diff --git a/src/Selection.tsx b/src/Selection.tsx
index 8dc88f1..f99550d 100644
--- a/src/Selection.tsx
+++ b/src/Selection.tsx
@@ -1,4 +1,4 @@
-import React, { useState, useMemo } from 'react';
+import React, { useState } from 'react';
 import classNames from 'classnames';
 import get from 'lodash/get';
 
@@ -19,11 +19,8 @@ export const Selection: React.FC<SelectionProps> = ({
   noOptionsDisplay,
   menu: MenuContainer,
 }) => {
-  const options = useMemo(
-    () => prepareOptions(originalOptions),
-    [originalOptions],
-  );
-  const [selected, setSelected] = useState(
+  const options = prepareOptions(originalOptions);
+  const [selected, setSelected] = useState(() =>
     findSelected(options, value, matcher),
   );