FormatLab is described as 'Powerful Tool for Converting Video and Audio files and supports almost All Formats with modern and widely supported codecs' and is a Audio Converter in the audio & music category. There are more than 100 alternatives to FormatLab for a variety of platforms, including Windows, Mac, Web-based, Linux and iPhone apps. The best FormatLab alternative is HandBrake, which is both free and Open Source. Other great apps like FormatLab are FFmpeg, File Converter, Shutter Encoder and VERT.sh.
Open-source HandBrake offers video transcoding, supporting MP4, MKV formats, 4K rendering, and lossless audio. It allows picture cropping, subtitle handling, encrypts DVD ripping, and operates efficiently offline.
Comprehensive multimedia framework for decoding, encoding, transcoding, muxing, demuxing, streaming, filtering, and playback of nearly any audio or video format, with command-line tools, integrated libraries, portable code, and regular security updates for users and developers.
ffmpeg runs on more platforms and can be used in scripts
File Converter is a very simple tool which allows you to convert and compress one or several file(s) using the context menu in Windows Explorer.
Shutter Encoder is a free professional encoding and conversion software for everyone, developed with video editors.
VERT.sh is an online file converter that processes files on your device instead of the cloud. It's blazingly fast, ad-free, and open source.
Supports conversion of a wide range of audio and video formats, batch processing, basic editing such as cutting, cropping, and color correction, device presets, direct stream copy, bitrate calculator for file size control, and processing of unprotected DVDs only.
Format Factory is a multifunctional media converter and ripper offering video, audio, and image conversion. It rips DVDs and CDs, handles PDF and archives, supports diverse formats, and includes a screen recorder. Optimized for various devices and easy to use.
Freemake Video Converter is video converter that lets convert videos to avi, wmv, mp4 (iPhone, iPod, iPad, PSP, xBox), 3gp, rip dvd, extract mp3, burn DVD and Bluray, create photo slideshow and audio visualization, cut, join, rotate and upload videos, photos and music to YouTube.
EAC is used to convert the tracks on standard audio CDs to wav files, which can then be transcoded into formats such as MP3, Ogg Vorbis, WavPack, and FLAC using external encoders.
A Windows front-end for ffmpeg users, that allows to use the full potential of ffmpeg command line with a few mouse clicks in a convenient GUI with drag and drop, file details, progress information.
VidCoder is a DVD/Blu-ray ripping and video transcoding application for Windows. It uses HandBrake as its encoding engine.
CloudConvert is a online file conversion tool. more than 200 different audio, video, document, ebook, archive, image, spreadsheet and presentation formats supported.
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Handbrake has more options and is more documented and tested.