We compare the average star formation (SF) activity in X-ray selected AGN hosts with mass-matched control inactive galaxies,including star forming and quiescent sources, at 0.5<z<2.5. Recent observations carried out by PACS, the 60-210um Herschel photometric camera, in GOODS-S, GOODS-N and COSMOS allow us to unbiasedly estimate the far-IR luminosity, and hence the SF properties, of the two samples. Accurate AGN host stellar masses are measured by decomposing their total emission into the stellar and nuclear components. We find a higher average SF activity in AGN hosts with respect to non-AGNs. The level of SF enhancement is modest (~0.26dex at ~3sigma) at low X-ray luminosities (Lx<~10^43.5erg/s) and more pronounced (0.56dex at >10sigma) for bright AGNs. However, when comparing to star forming galaxies only, AGN hosts are broadly consistent with the locus of their `main sequence. We investigate the relative far-IR luminosity distributions of active and inactive galaxies, and find a higher fraction of PACS detected, hence normal and highly star forming systems among AGN hosts. Although different interpretations are possible, we explain our findings as a consequence of a twofold AGN growth path: faint AGNs evolve through secular processes, with instantaneous AGN accretion not tightly linked to the current total SF in the host, while luminous AGNs co-evolve with their hosts through periods of enhanced AGN activity and SF, possibly through major mergers. While an increased SF with respect to non-AGNs of similar mass is expected in the latter, we interpret the modest SF offsets measured in low-Lx AGN hosts as either a) generated by non-synchronous accretion and SF histories in a merger scenario or b) due to possible connections between instantaneous SF and accretion that can be induced by smaller scale (non-major merger) mechanisms. Far-IR luminosity distributions favour the latter scenario.