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I always thought Khanzumers would be these giant worm like species that are eating machines like living Garbage Trucks. Consuming the industrialist's products with their insane amounts of moolah they must have to spend. A paticular nightmare that the industrialist are at the mercy of and must satisfy their needs or else they would get pissed if you know what I mean or end up eating the industrialists themselves if the industrialist don't come through with their products.
What makes them important is that in this case they would be on the top of the food chain literally plus they would have the most moolah even more so then any industrialist on Oddworld.
Thats my theory at least.
Paramiteabe... 
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That is similar to what I imagined. They are probably large and scary because the glukkons are so afraid of them and are always attempting to satisfy their needs. Kinda like an exagerration of human "consumers".