Create collection option is missing in the Products screen in AEM

The Create Collection option is missing in the Commerce Products UI in AEM.

Steps to reproduce the issue:

• Create collection option is available while performing the following steps to get to the Assets UI:
  AEM > Assets > Files > Select few assets > Add to collection > Can see add to collection, create new collection options.

But for products:
AEM > Commerce > Products > Select few products > Add to collection > Only option is to add to the existing collection but there is no option to create a new collection like the Assets screen has.

Commerce > Products screen does not have the option to create the collection.

AEM 6.3

It has been identified as an improvement CQ-4234094.  It will be evaluated for the inclusion for the future AEM releases.