Louisiana Gov. Bobby Jindal announced Tuesday that he is dropping out of the 2016 race for president, ending his campaign after failing to get much traction in a crowded Republican primary field.

In an interview with FOX News, Jindal said he was born to "believe Americans can do anything," but has come to realize that "this is not my time."

"Going forward, I believe we have to be the party of growth and we can never stop being the party that believes in opportunity," Jindal said while announcing his decision. "We cannot settle for the left's view of envy and division. We have to be the party that says everyone in this country - no matter the circumstances of their birth or who their parents are - can succeed in America."

Jindal said he isn't ready to endorse another candidate, but intends to support the eventual Republican presidential nominee, according to the Associated Press.

"At the end of the day, I trust the American people to select our nominee for the next president," he said. "I want someone who's got the smarts to make big changes."

Jindal, who is term-limited and will be out of office in January, said he will work with a think tank he started a few years ago and called America Next where he "will be outlining a blueprint for making this the American century," according to NBC News.

Jindal focused his entire campaign effort on the early voting state of Iowa, but failed to garner much support there against higher-profile Republican contenders like Donald Trump and Ben Carson. His low poll numbers kept him off the main debate stages and in the most recent Wall Street Journal national poll, only 27 percent of Republican voters said they could imagine supporting him.

Jindal is now the third GOP candidate to drop out of the race joining Scott Walker and Rick Perry.