I had more than 4000 items in searchable dropdownlist. I have used react-select but it was very slow. finally I found complete solution to make it fast. Faster solution for large data is here: see below:
import { FixedSizeList as List } from 'react-window';
import Select, { createFilter } from 'react-select';
<Selectvalue={this.state.selectedReport}
onChange={this.handleChangeReport}
filterOption={createFilter({ ignoreAccents: false })} // this makes it fast!
components={{ CustomMenu }}
options={Reports}
isClearable={true}
/>
const CustomMenu = props => {
const { Reports, children, maxHeight, getValue } = this.props;
const [value] = getValue();
return (
<List
height={150}
itemCount={children.length}
itemSize={35}
>
{({ index, style }) => <div style={style}>{children[index]}</div>}
</List>
);
};